Announcement • Mar 31
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Q1, 2026 Results on Apr 20, 2026 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report Q1, 2026 results on Apr 20, 2026 New Risk • Mar 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 130% Minor Risk Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.15 (down from CN¥0.46 in FY 2024). Revenue: CN¥2.95b (down 5.9% from FY 2024). Net income: CN¥165.4m (down 67% from FY 2024). Profit margin: 5.6% (down from 16% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 25
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Apr 24, 2026 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Apr 24, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Announcement • Dec 31
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.013 (vs CN¥0.099 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.013 (down from CN¥0.099 in 3Q 2024). Revenue: CN¥715.4m (down 8.0% from 3Q 2024). Net income: CN¥25.6m (down 78% from 3Q 2024). Profit margin: 3.6% (down from 15% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Aug 21
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. Approves Dividend Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 18 August 2025, during which the following proposal(s) was/were approved: The detailed profit distribution plan is as follows: 1) Cash dividend per 10 shares (tax included): CNY1.50000000. New Risk • Aug 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 136% Dividend yield: 3.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥698.2m (up 1.4% from 2Q 2024). Net income: CN¥19.3m (down 74% from 2Q 2024). Profit margin: 2.8% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report First Half, 2025 Results on Aug 01, 2025 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report first half, 2025 results on Aug 01, 2025 Declared Dividend • May 12
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 15th May 2025 Payment date: 15th May 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (140% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2025 earnings released: CN¥0.01 loss per share (vs CN¥0.10 profit in 1Q 2024) First quarter 2025 results: CN¥0.01 loss per share (down from CN¥0.10 profit in 1Q 2024). Revenue: CN¥622.9m (down 9.4% from 1Q 2024). Net loss: CN¥13.2m (down 112% from profit in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Mar 28
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Apr 21, 2025 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Apr 21, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.54 in FY 2023) Full year 2024 results: EPS: CN¥0.46 (down from CN¥0.54 in FY 2023). Revenue: CN¥3.14b (down 2.8% from FY 2023). Net income: CN¥511.8m (down 5.4% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.31b to CN¥3.22b. EPS estimate also fell from CN¥0.66 per share to CN¥0.581 per share. Net income forecast to grow 308% next year vs 27% growth forecast for Food industry in China. Consensus price target of CN¥11.45 unchanged from last update. Share price rose 6.5% to CN¥9.56 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.099 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.099 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥777.9m (down 3.4% from 3Q 2023). Net income: CN¥117.6m (flat on 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Food industry in China. Total loss to shareholders of 12% over the past three years. Major Estimate Revision • Aug 08
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.39b to CN¥3.29b. EPS estimate also fell from CN¥0.688 per share to CN¥0.604 per share. Net income forecast to grow 335% next year vs 24% growth forecast for Food industry in China. Consensus price target down from CN¥12.02 to CN¥11.18. Share price fell 2.2% to CN¥8.82 over the past week. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.07 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥688.4m (down 27% from 2Q 2023). Net income: CN¥73.6m (down 71% from 2Q 2023). Profit margin: 11% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report First Half, 2024 Results on Aug 02, 2024 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report first half, 2024 results on Aug 02, 2024 Price Target Changed • Jun 19
Price target decreased by 7.4% to CN¥13.93 Down from CN¥15.05, the current price target is an average from 3 analysts. New target price is 52% above last closing price of CN¥9.18. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.54 last year. Announcement • Jun 14
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced a financing transaction Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced a private placement of 70,371,820 restricted A shares on June 12, 2024. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.877 to CN¥0.698 per share. Revenue forecast steady at CN¥3.56b. Net income forecast to grow 127% next year vs 30% growth forecast for Food industry in China. Consensus price target of CN¥15.77 unchanged from last update. Share price was steady at CN¥9.60 over the past week. Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.32 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.32 in 1Q 2023). Revenue: CN¥687.4m (down 25% from 1Q 2023). Net income: CN¥109.3m (down 65% from 1Q 2023). Profit margin: 16% (down from 34% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Q1, 2024 Results on Apr 18, 2024 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024 Major Estimate Revision • Mar 13
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.23b to CN¥3.55b. EPS estimate fell from CN¥1.32 to CN¥0.874 per share. Net income forecast to grow 79% next year vs 34% growth forecast for Food industry in China. Consensus price target down from CN¥15.68 to CN¥14.93. Share price was steady at CN¥10.36 over the past week. Reported Earnings • Mar 07
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.54 (up from CN¥0.37 loss in FY 2022). Revenue: CN¥3.22b (up 53% from FY 2022). Net income: CN¥540.8m (up CN¥907.8m from FY 2022). Profit margin: 17% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) exceeded analyst estimates by 3.8%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Major Estimate Revision • Jan 20
Consensus EPS estimates fall by 44% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.58b to CN¥3.47b. EPS estimate also fell from CN¥0.921 per share to CN¥0.52 per share. Net income forecast to grow 69% next year vs 39% growth forecast for Food industry in China. Consensus price target broadly unchanged at CN¥15.68. Share price was steady at CN¥10.44 over the past week. Announcement • Dec 30
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Fiscal Year 2023 Results on Mar 07, 2024 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report fiscal year 2023 results on Mar 07, 2024 Price Target Changed • Dec 22
Price target decreased by 8.2% to CN¥14.97 Down from CN¥16.30, the current price target is an average from 3 analysts. New target price is 46% above last closing price of CN¥10.24. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.94 next year compared to a net loss per share of CN¥0.37 last year. New Risk • Dec 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. New Risk • Oct 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Q3, 2023 Results on Oct 14, 2023 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report Q3, 2023 results on Oct 14, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.082 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.082 loss in 2Q 2022). Revenue: CN¥939.9m (up 76% from 2Q 2022). Net income: CN¥251.1m (up CN¥333.4m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Food industry in China are expected to grow by 13%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 18
First quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.29 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.29 loss in 1Q 2022). Revenue: CN¥913.5m (up 185% from 1Q 2022). Net income: CN¥313.8m (up CN¥601.8m from 1Q 2022). Profit margin: 34% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Food industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Announcement • Feb 08
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. Approves Directorate Appointments Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. at its Extraordinary General Meeting of 2022 held on 06 December 2022, approved Election of Zuo Changkui as non-independent director and Election of Wang Jin as non-employee supervisor. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mengliang Lou was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.034 loss per share (vs CN¥0.047 loss in 3Q 2021) Third quarter 2022 results: CN¥0.034 loss per share (improved from CN¥0.047 loss in 3Q 2021). Revenue: CN¥567.8m (up 13% from 3Q 2021). Net loss: CN¥32.1m (loss narrowed 32% from 3Q 2021). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Food industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.082 loss per share (vs CN¥0.17 profit in 2Q 2021) Second quarter 2022 results: CN¥0.082 loss per share (down from CN¥0.17 profit in 2Q 2021). Revenue: CN¥535.0m (down 14% from 2Q 2021). Net loss: CN¥82.3m (down 150% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 23% growth forecast for the Food industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mengliang Lou was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.29 loss per share (down from CN¥0.11 profit in 1Q 2021). Revenue: CN¥320.2m (down 45% from 1Q 2021). Net loss: CN¥288.0m (down 357% from profit in 1Q 2021). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 32%, compared to a 17% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.55b to CN¥2.25b. EPS estimate increased from CN¥0.28 to CN¥0.31 per share. Net income forecast to grow 964% next year vs 35% growth forecast for Food industry in China. Consensus price target down from CN¥11.90 to CN¥11.00. Share price was steady at CN¥9.51 over the past week. Announcement • Mar 03
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Mar 21, 2022 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Mar 21, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; to consider Remuneration for directors, supervisors and senior management; to consider 2022 estimated continuing connected transactions; and to consider Reappointment of audit firm. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.03 (down from CN¥0.09 in FY 2020). Revenue: CN¥2.09b (up 19% from FY 2020). Net income: CN¥28.5m (down 69% from FY 2020). Profit margin: 1.4% (down from 5.3% in FY 2020). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 89%. Over the next year, revenue is forecast to grow 22%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: CN¥0.047 loss per share (vs CN¥0.06 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥500.6m (up 8.3% from 3Q 2020). Net loss: CN¥47.2m (loss narrowed 20% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Price Target Changed • Oct 16
Price target decreased to CN¥11.90 Down from CN¥17.85, the current price target is an average from 2 analysts. New target price is 17% above last closing price of CN¥10.15. Stock is down 14% over the past year. Major Estimate Revision • Jul 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CN¥0.19 to CN¥0.26. Revenue forecast unchanged at CN¥2.25b. Net income forecast to grow 75% next year vs 26% growth forecast for Food industry in China. Consensus price target of CN¥17.55 unchanged from last update. Share price rose 3.1% to CN¥9.92 over the past week. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.009 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥618.2m (up 38% from 2Q 2020). Net income: CN¥163.8m (up CN¥155.6m from 2Q 2020). Profit margin: 27% (up from 1.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.20 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥581.4m (up 5.3% from 1Q 2020). Net income: CN¥112.0m (down 43% from 1Q 2020). Profit margin: 19% (down from 36% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 14
Consensus EPS estimates increase to CN¥0.21 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥2.22b to CN¥2.31b. EPS estimate increased from CN¥0.19 to CN¥0.21 per share. Net income forecast to grow 105% next year vs 26% growth forecast for Food industry in China. Consensus price target broadly unchanged at CN¥25.67. Share price rose 2.8% to CN¥10.71 over the past week. Major Estimate Revision • Apr 11
Consensus EPS estimates increase to CN¥0.21 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥2.22b to CN¥2.31b. EPS estimate increased from CN¥0.19 to CN¥0.21 per share. Net income forecast to grow 124% next year vs 26% growth forecast for Food industry in China. Consensus price target broadly unchanged at CN¥25.97. Share price was steady at CN¥10.46 over the past week. Announcement • Mar 04
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Mar 25, 2021 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Annual General Meeting, Mar 25, 2021, at 14:30 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider 2020 annual report and its summary; to consider Remuneration for directors, supervisors and senior management; to consider 2021 estimated continuing connected transactions; and to consider Reappointment of audit firm. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥2.23 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.75b (down 51% from FY 2019). Net income: CN¥92.0m (down 96% from FY 2019). Profit margin: 5.3% (down from 61% in FY 2019). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 29%, compared to a 26% growth forecast for the Food industry in China. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥10.50 The company is down 3.0% from its price of CN¥10.82 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.44 per share. Announcement • Jan 22
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report Fiscal Year 2020 Results on Mar 03, 2021 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report fiscal year 2020 results on Mar 03, 2021 Is New 90 Day High Low • Jan 11
New 90-day low: CN¥10.66 The company is down 17% from its price of CN¥12.78 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.44 per share. Price Target Changed • Jan 11
Price target lowered to CN¥25.97 Down from CN¥28.37, the current price target is an average from 3 analysts. The new target price is 144% above the current share price of CN¥10.66. As of last close, the stock is down 41% over the past year. Major Estimate Revision • Nov 04
Analysts lower revenue estimates to CN¥1.82b The 2020 consensus revenue estimate decreased from CN¥2.30b. Earning per share (EPS) estimate was also lowered from CN¥1.61 to CN¥0.64 for the same period. Net income is expected to shrink by 27% next year compared to 29% growth forecast for the Food industry in China . The consensus price target was lowered from CN¥28.37 to CN¥26.47. Share price is down by 3.3% to CN¥10.84 over the past week. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥852.4m, down 50% from the prior year. Total revenue was CN¥2.66b over the last 12 months, down 9.0% from the prior year. Price Target Changed • Oct 22
Price target raised to CN¥28.37 Up from CN¥21.10, the current price target is an average from 2 analysts. The new target price is 139% above the current share price of CN¥11.89. As of last close, the stock is down 34% over the past year. Is New 90 Day High Low • Oct 16
New 90-day low: CN¥11.82 The company is down 26% from its price of CN¥15.92 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.30 per share. Announcement • Sep 26
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. (SZSE:002458) agreed to acquire Hebei Shuangge Yunong Animal Husbandry Technology Co., Ltd. and Lingshou County Yubo Breeding Co., Ltd. from Hebei Shuangge Food Co., Ltd. for CNY 20.54 million. Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. (SZSE:002458) agreed to acquire Hebei Shuangge Yunong Animal Husbandry Technology Co., Ltd. and Lingshou County Yubo Breeding Co., Ltd. from Hebei Shuangge Food Co., Ltd. for CNY 20.54 million recently. In the acquisition, Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. will acquire Hebei Shuangge Yunong Animal Husbandry Technology Co., Ltd. for CNY 4.96 million and Lingshou County Yubo Breeding Co., Ltd. for CNY 15.58 million. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥12.33 The company is down 19% from its price of CN¥15.20 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.30 per share. Announcement • Aug 12
Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020