Buy Or Sell Opportunity • Jun 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to CN¥18.30. The fair value is estimated to be CN¥23.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 4.2%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Declared Dividend • May 30
Dividend of CN¥0.30 announced Dividend of CN¥0.30 is the same as last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 01
Price target decreased by 8.8% to CN¥24.19 Down from CN¥26.52, the current price target is an average from 5 analysts. New target price is 27% above last closing price of CN¥19.06. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.62 last year. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.21 (vs CN¥0.18 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.21 (up from CN¥0.18 in 1Q 2025). Revenue: CN¥799.8m (up 8.5% from 1Q 2025). Net income: CN¥216.4m (up 19% from 1Q 2025). Profit margin: 27% (up from 25% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Shanghai Bairun Investment Holding Group Co., Ltd., Annual General Meeting, May 19, 2026 Shanghai Bairun Investment Holding Group Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: No. 4499, Kangxin Highway, Pudong New Area, Shanghai China Announcement • Mar 31
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Jan 23
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to CN¥22.14. The fair value is estimated to be CN¥18.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Buy Or Sell Opportunity • Jan 06
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to CN¥22.04. The fair value is estimated to be CN¥18.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Announcement • Dec 31
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.22b to CN¥2.97b. EPS estimate also fell from CN¥0.742 per share to CN¥0.662 per share. Net income forecast to grow 21% next year vs 22% growth forecast for Beverage industry in China. Consensus price target down from CN¥28.07 to CN¥26.82. Share price fell 7.8% to CN¥25.14 over the past week. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥780.5m (up 3.0% from 3Q 2024). Net income: CN¥160.2m (down 6.8% from 3Q 2024). Profit margin: 21% (down from 23% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Price Target Changed • Aug 30
Price target increased by 7.7% to CN¥27.57 Up from CN¥25.59, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥28.14. Stock is up 68% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.69 last year. Reported Earnings • Aug 28
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: CN¥0.20 (down from CN¥0.23 in 2Q 2024). Revenue: CN¥752.1m (down 9.0% from 2Q 2024). Net income: CN¥207.7m (down 11% from 2Q 2024). Profit margin: 28% (in line with 2Q 2024). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Shanghai Bairun Investment Holding Group Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • May 28
Shanghai Bairun Investment Holding Group Co., Ltd. Announces Final Cash Dividend of A Shares for 2024, Payable on 05 June 2025 Shanghai Bairun Investment Holding Group Co., Ltd. announced final cash dividend of CNY 3.00000000 (tax included) (A shares) per 10 shares for 2024. Record date: 04 June 2025. Ex-date: 05 June 2025. Payment date: 05 June 2025. New Risk • May 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 342% Dividend yield: 1.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 • Apr 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.69 (down from CN¥0.78 in FY 2023). Revenue: CN¥3.05b (down 6.6% from FY 2023). Net income: CN¥719.1m (down 11% from FY 2023). Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Shanghai Bairun Investment Holding Group Co., Ltd., Annual General Meeting, May 19, 2025 Shanghai Bairun Investment Holding Group Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Announcement • Mar 31
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Price Target Changed • Nov 07
Price target increased by 14% to CN¥22.08 Up from CN¥19.43, the current price target is an average from 6 analysts. New target price is 21% below last closing price of CN¥27.89. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.78 last year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.35, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the Beverage industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.40 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.22 in 3Q 2023). Revenue: CN¥757.9m (down 6.0% from 3Q 2023). Net income: CN¥171.8m (down 24% from 3Q 2023). Profit margin: 23% (down from 28% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Oct 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 4 highly experienced directors. Chairman & GM Xiaodong Liu is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 30
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥21.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Beverage industry in China. Total loss to shareholders of 59% over the past three years. Announcement • Sep 10
Shanghai Bairun Investment Holding Group Co., Ltd. Announces Directorate Appointments Shanghai Bairun Investment Holding Group Co., Ltd. its 1st Extraordinary General Meeting of 2024 on 06 September 2024 approved appointment of Li Yongfeng, non-independent director and Chen Weiquan and Yao Yi as independent directors. Reported Earnings • Jul 31
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.24 in 2Q 2023). Revenue: CN¥826.4m (down 7.3% from 2Q 2023). Net income: CN¥233.0m (down 7.3% from 2Q 2023). Profit margin: 28% (in line with 2Q 2023). Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Shanghai Bairun Investment Holding Group Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Price Target Changed • May 08
Price target decreased by 7.9% to CN¥26.08 Down from CN¥28.32, the current price target is an average from 6 analysts. New target price is 23% above last closing price of CN¥21.26. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥0.87 for next year compared to CN¥0.78 last year. Major Estimate Revision • May 02
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.19b to CN¥3.68b. EPS estimate fell from CN¥1.04 to CN¥0.851 per share. Net income forecast to grow 23% next year vs 19% growth forecast for Beverage industry in China. Consensus price target down from CN¥29.29 to CN¥28.32. Share price rose 2.5% to CN¥20.40 over the past week. Announcement • Apr 28
Shanghai Bairun Investment Holding Group Co., Ltd., Annual General Meeting, May 28, 2024 Shanghai Bairun Investment Holding Group Co., Ltd., Annual General Meeting, May 28, 2024, at 14:30 China Standard Time. Location: No. 4499, Kangxin Highway, Pudong New Area, Shanghai China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Reappointment of audit firm; to consider External guarantee quota within the next 12 months; to consider Change of the Company's registered capital and amendments to the Company's articles of association; to consider Amendments to the work system for independent directors; and to consider other matters. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.18 in 1Q 2023). Revenue: CN¥801.9m (up 5.5% from 1Q 2023). Net income: CN¥169.5m (down 9.8% from 1Q 2023). Profit margin: 21% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥21.59, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Beverage industry in China. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.93 per share. Announcement • Mar 30
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Beverage industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.93 per share. Price Target Changed • Jan 06
Price target decreased by 8.0% to CN¥32.92 Down from CN¥35.78, the current price target is an average from 6 analysts. New target price is 46% above last closing price of CN¥22.59. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.50 last year. Announcement • Dec 30
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Announcement • Dec 14
Shanghai Bairun Investment Holding Group Co., Ltd. (SZSE:002568) announces an Equity Buyback for CNY 200 million worth of its shares. Shanghai Bairun Investment Holding Group Co., Ltd. (SZSE:002568) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The authorization will be valid for a period of 6 months. Price Target Changed • Oct 29
Price target decreased by 11% to CN¥38.99 Down from CN¥43.67, the current price target is an average from 6 analysts. New target price is 47% above last closing price of CN¥26.46. Stock is down 8.1% over the past year. The company is forecast to post earnings per share of CN¥0.87 for next year compared to CN¥0.50 last year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.08 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.08 in 3Q 2022). Revenue: CN¥805.9m (up 33% from 3Q 2022). Net income: CN¥226.1m (up 169% from 3Q 2022). Profit margin: 28% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Aug 26
Shanghai Bairun Investment Holding Group Co., Ltd. announced that it expects to receive CNY 2 billion in funding Shanghai Bairun Investment Holding Group Co., Ltd. announced a private placement of common shares for gross proceeds of up to CNY 2,000,000,000 on August 24, 2023. Announcement • Aug 22
Shanghai Bairun Investment Holding Group Co., Ltd. Declares 2023 Interim Profit Distribution Plan to Be Implemented (A Shares), Payable on 25 August 2023 Shanghai Bairun Investment Holding Group Co., Ltd. approved cash dividend of CNY 5.00000000 (tax included) (A shares) per 10 shares for 2023. Record date: 24 August 2023. Ex-date: 25 August 2023. Payment date: 25 August 2023. Announcement • Jul 29
Shanghai Bairun Investment Holding Group Co., Ltd. Proposes Interim Dividend for the First Half of 2023 Shanghai Bairun Investment Holding Group Co., Ltd. proposed interim cash dividend of CNY 5.00000000 per 10 shares (tax included) for the first half of 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥891.0m (up 79% from 2Q 2022). Net income: CN¥251.3m (up 95% from 2Q 2022). Profit margin: 28% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Announcement • Jul 01
Shanghai Bairun Investment Holding Group Co., Ltd. to Report First Half, 2023 Results on Jul 28, 2023 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report first half, 2023 results on Jul 28, 2023 Price Target Changed • May 10
Price target increased by 10% to CN¥41.57 Up from CN¥37.74, the current price target is an average from 5 analysts. New target price is 5.9% above last closing price of CN¥39.25. Stock is up 78% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.50 last year. Price Target Changed • Feb 13
Price target increased by 13% to CN¥37.74 Up from CN¥33.29, the current price target is an average from 5 analysts. New target price is 11% below last closing price of CN¥42.45. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.63 last year. Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.71b to CN¥2.53b. EPS estimate also fell from CN¥0.58 per share to CN¥0.47 per share. Net income forecast to grow 76% next year vs 24% growth forecast for Beverage industry in China. Consensus price target broadly unchanged at CN¥32.05. Share price rose 26% to CN¥35.40 over the past week. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.08 (down from CN¥0.19 in 3Q 2021). Revenue: CN¥608.0m (down 14% from 3Q 2021). Net income: CN¥84.0m (down 57% from 3Q 2021). Profit margin: 14% (down from 28% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 29
Price target increased to CN¥33.49 Up from CN¥29.96, the current price target is an average from 8 analysts. New target price is 24% above last closing price of CN¥26.90. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.55 for next year compared to CN¥0.63 last year. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥26.50, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 27x in the Beverage industry in China. Total returns to shareholders of 147% over the past three years. Major Estimate Revision • Aug 31
Consensus revenue estimates fall by 17% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.24b to CN¥2.71b. EPS estimate fell from CN¥0.74 to CN¥0.57 per share. Net income forecast to grow 46% next year vs 23% growth forecast for Beverage industry in China. Consensus price target down from CN¥31.06 to CN¥29.96. Share price rose 3.3% to CN¥23.31 over the past week. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.23 in 2Q 2021). Revenue: CN¥498.5m (down 28% from 2Q 2021). Net income: CN¥129.1m (down 46% from 2Q 2021). Profit margin: 26% (down from 34% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 46%, compared to a 19% growth forecast for the Beverage industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year and the company’s share price has also increased by 33% per year. Price Target Changed • Jul 01
Price target increased to CN¥30.46 Up from CN¥27.22, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥31.50. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.63 last year. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥35.48, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Beverage industry in China. Total returns to shareholders of 234% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.98 per share. Announcement • May 20
Shanghai Bairun Investment Holding Group Co., Ltd. Approves Cash Dividend for 2021 Shanghai Bairun Investment Holding Group Co., Ltd. approved cash dividend of CNY 5.00000000 (tax included) per 10 shares for 2021, at its AGM, held on May 18, 2022. Major Estimate Revision • May 02
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.61b to CN¥3.25b. EPS estimate also fell from CN¥1.42 per share to CN¥1.05 per share. Net income forecast to grow 43% next year vs 25% growth forecast for Beverage industry in China. Consensus price target down from CN¥62.35 to CN¥54.57. Share price fell 3.3% to CN¥31.26 over the past week. Price Target Changed • Apr 29
Price target decreased to CN¥54.57 Down from CN¥62.35, the current price target is an average from 5 analysts. New target price is 75% above last closing price of CN¥31.26. Stock is down 65% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.89 last year. Announcement • Apr 27
Shanghai Bairun Investment Holding Group Co., Ltd. Proposes Cash Dividend for 2021 Shanghai Bairun Investment Holding Group Co., Ltd. proposed cash dividend of CNY 5.00000000 (tax included) per 10 shares for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥538.6m (up 4.1% from 1Q 2021). Net income: CN¥91.8m (down 30% from 1Q 2021). Profit margin: 17% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 35%, compared to a 19% growth forecast for the 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 only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥37.48, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 30x in the Beverage industry in China. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.02 per share. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥37.85, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 32x in the Beverage industry in China. Total returns to shareholders of 297% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.02 per share. Price Target Changed • Feb 08
Price target decreased to CN¥78.52 Down from CN¥92.43, the current price target is an average from 6 analysts. New target price is 80% above last closing price of CN¥43.66. Stock is down 55% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥0.74 last year. Board Change • Dec 31
High number of new directors Non-Employee Supervisor & Deputy Manager of Finance Qizhong Zhang was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥68.22, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 43x in the Beverage industry in China. Total returns to shareholders of 918% over the past three years. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. Independent Director Peng Li was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.24 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥702.8m (up 31% from 3Q 2020). Net income: CN¥194.4m (up 14% from 3Q 2020). Profit margin: 28% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. Independent Director Peng Li was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥63.55, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 42x in the Beverage industry in China. Total returns to shareholders of 791% over the past three years. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.21 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥694.5m (up 54% from 2Q 2020). Net income: CN¥237.7m (up 58% from 2Q 2020). Profit margin: 34% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Shanghai Bairun Investment Holding Group Co., Ltd. Approves Profit Distribution Plan of 2020 Shanghai Bairun Investment Holding Group Co., Ltd. at its Annual General Meeting of 2020 held on 13 May 2021, approved profit distribution plan of 2020 with cash dividend of cash dividend (tax included) of CNY 5.00000000 per 10 shares. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥517.2m (up 53% from 1Q 2020). Net income: CN¥131.0m (up 112% from 1Q 2020). Profit margin: 25% (up from 18% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.03 (vs CN¥0.58 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.93b (up 31% from FY 2019). Net income: CN¥535.7m (up 78% from FY 2019). Profit margin: 28% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 10
Shanghai Bairun Investment Holding Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 22, 2021 Shanghai Bairun Investment Holding Group Co., Ltd. announced that they will report fiscal year 2020 results on Apr 22, 2021 Is New 90 Day High Low • Mar 09
New 90-day low: CN¥84.36 The company is down 4.0% from its price of CN¥87.89 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Beverage industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥68.10 per share. Is New 90 Day High Low • Feb 09
New 90-day high: CN¥135 The company is up 83% from its price of CN¥73.50 on 11 November 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥68.10 per share. Is New 90 Day High Low • Jan 19
New 90-day high: CN¥118 The company is up 84% from its price of CN¥64.30 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥68.10 per share. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥99.34 The company is up 58% from its price of CN¥62.92 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥47.20 per share. Is New 90 Day High Low • Dec 09
New 90-day high: CN¥87.89 The company is up 73% from its price of CN¥50.76 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Beverage industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥39.93 per share. 
