New Risk • May 15
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 8.3% 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 Earnings have declined by 69% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • May 13
Guangxi Fenglin Wood Industry Group Co.,Ltd (SHSE:601996) announces an Equity Buyback for CNY 50 million worth of its shares. Guangxi Fenglin Wood Industry Group Co.,Ltd (SHSE:601996) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at price not more than CNY 4.02 per share. The purpose of the program is to implement equity incentives program or ESOP and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be valid for 12 months from the date of board approval. Announcement • Apr 25
Guangxi Fenglin Wood Industry Group Co.,Ltd, Annual General Meeting, May 22, 2026 Guangxi Fenglin Wood Industry Group Co.,Ltd, Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanning, Guangxi China Buy Or Sell Opportunity • Apr 17
Now 22% undervalued Over the last 90 days, the stock has risen 9.3% to CN¥2.48. The fair value is estimated to be CN¥3.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 01
Now 21% undervalued Over the last 90 days, the stock has risen 12% to CN¥2.52. The fair value is estimated to be CN¥3.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 30
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Mar 30
Full year 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.11 loss in FY 2024) Full year 2025 results: CN¥0.11 loss per share (in line with FY 2024). Revenue: CN¥1.70b (down 16% from FY 2024). Net loss: CN¥128.5m (loss widened 7.1% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Dec 26
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Fiscal Year 2025 Results on Mar 28, 2026 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: CN¥0.012 loss per share (vs CN¥0.016 loss in 3Q 2024) Third quarter 2025 results: CN¥0.012 loss per share (improved from CN¥0.016 loss in 3Q 2024). Revenue: CN¥478.4m (down 12% from 3Q 2024). Net loss: CN¥12.7m (loss narrowed 60% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: CN¥0.01 loss per share (vs CN¥0.013 profit in 2Q 2024) Second quarter 2025 results: CN¥0.01 loss per share (down from CN¥0.013 profit in 2Q 2024). Revenue: CN¥462.9m (down 19% from 2Q 2024). Net loss: CN¥11.7m (down 263% from profit in 2Q 2024). 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. Announcement • Jun 30
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report First Half, 2025 Results on Aug 15, 2025 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • Apr 26
Guangxi Fenglin Wood Industry Group Co.,Ltd, Annual General Meeting, May 23, 2025 Guangxi Fenglin Wood Industry Group Co.,Ltd, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanning, Guangxi China Reported Earnings • Apr 12
Full year 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.05 profit in FY 2023) Full year 2024 results: CN¥0.11 loss per share (down from CN¥0.05 profit in FY 2023). Revenue: CN¥2.02b (down 14% from FY 2023). Net loss: CN¥120.0m (down 330% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 22
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 9.0% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Announcement • Dec 27
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 17, 2025 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 17, 2025 New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.016 loss per share (vs CN¥0.043 profit in 3Q 2023) Third quarter 2024 results: CN¥0.016 loss per share (down from CN¥0.043 profit in 3Q 2023). Revenue: CN¥545.9m (down 19% from 3Q 2023). Net loss: CN¥31.9m (down 174% from profit in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Aug 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 405% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Announcement • Jun 28
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0 (vs CN¥0.009 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0 (improved from CN¥0.009 loss in 1Q 2023). Revenue: CN¥398.6m (down 6.2% from 1Q 2023). Net loss: CN¥172.3k (loss narrowed 98% from 1Q 2023). Profit margin: 0% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry 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. Announcement • Mar 29
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 27
Guangxi Fenglin Wood Industry Group Co.,Ltd, Annual General Meeting, Apr 16, 2024 Guangxi Fenglin Wood Industry Group Co.,Ltd, Annual General Meeting, Apr 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanning, Guangxi China Price Target Changed • Mar 27
Price target decreased by 17% to CN¥3.04 Down from CN¥3.68, the current price target is provided by 1 analyst. New target price is 34% above last closing price of CN¥2.27. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.08 for next year compared to CN¥0.05 last year. Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.05 (up from CN¥0.045 in FY 2022). Revenue: CN¥2.34b (up 14% from FY 2022). Net income: CN¥52.3m (up 1.8% from FY 2022). Profit margin: 2.2% (down from 2.5% in FY 2022). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥2.38, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Forestry industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥2.22, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Forestry industry in China. Total loss to shareholders of 20% over the past three years. Announcement • Dec 30
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Fiscal Year 2023 Results on Mar 27, 2024 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.043 (vs CN¥0.005 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.043 (up from CN¥0.005 in 3Q 2022). Revenue: CN¥675.8m (up 11% from 3Q 2022). Net income: CN¥43.3m (up CN¥36.9m from 3Q 2022). Profit margin: 6.4% (up from 1.1% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.037 (vs CN¥0.01 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.037 (up from CN¥0.01 in 2Q 2022). Revenue: CN¥667.6m (up 65% from 2Q 2022). Net income: CN¥45.5m (up 387% from 2Q 2022). Profit margin: 6.8% (up from 2.3% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: CN¥0.009 loss per share (vs CN¥0.028 profit in 1Q 2022) First quarter 2023 results: CN¥0.009 loss per share (down from CN¥0.028 profit in 1Q 2022). Revenue: CN¥425.0m (up 13% from 1Q 2022). Net loss: CN¥10.1m (down 132% from profit in 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.04 (down from CN¥0.15 in FY 2021). Revenue: CN¥2.05b (flat on FY 2021). Net income: CN¥45.4m (down 73% from FY 2021). Profit margin: 2.2% (down from 8.1% in FY 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 71%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Employee Representative Supervisor Lili Wang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.03 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.005 (down from CN¥0.03 in 3Q 2021). Revenue: CN¥607.9m (up 5.8% from 3Q 2021). Net income: CN¥6.42m (down 79% from 3Q 2021). Profit margin: 1.1% (down from 5.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Price Target Changed • Oct 13
Price target decreased to CN¥3.68 Down from CN¥4.07, the current price target is provided by 1 analyst. New target price is 30% above last closing price of CN¥2.82. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.14 for next year compared to CN¥0.15 last year. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.028 (vs CN¥0.016 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.028 (up from CN¥0.016 in 1Q 2021). Revenue: CN¥376.3m (down 3.7% from 1Q 2021). Net income: CN¥31.8m (up 79% from 1Q 2021). Profit margin: 8.5% (up from 4.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 26%, compared to a 52% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.15 (vs CN¥0.15 in FY 2020). Revenue: CN¥2.07b (up 19% from FY 2020). Net income: CN¥167.6m (down 2.8% from FY 2020). Profit margin: 8.1% (down from 9.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. 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 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥3.76, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Forestry industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.047 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥574.4m (down 8.7% from 3Q 2020). Net income: CN¥30.8m (down 61% from 3Q 2020). Profit margin: 5.4% (down from 13% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS CN¥0.043 (vs CN¥0.054 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥511.5m (up 12% from 2Q 2020). Net income: CN¥52.7m (up 31% from 2Q 2020). Profit margin: 10% (up from 8.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 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¥4.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Forestry industry in China. Total returns to shareholders of 6.2% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.01 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥390.7m (up 172% from 1Q 2020). Net income: CN¥17.8m (up CN¥29.4m from 1Q 2020). Profit margin: 4.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.15 (vs CN¥0.15 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.74b (down 10% from FY 2019). Net income: CN¥172.5m (up 1.4% from FY 2019). Profit margin: 9.9% (up from 8.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Announcement • Mar 09
Guangxi Fenglin Wood Industry Group Co.,Ltd to Report Fiscal Year 2020 Results on Mar 31, 2021 Guangxi Fenglin Wood Industry Group Co.,Ltd announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 20
New 90-day high: CN¥3.32 The company is up 10.0% from its price of CN¥3.01 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 13% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.15 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.83b (down 5.6% from FY 2019). Net income: CN¥180.8m (up 6.3% from FY 2019). Profit margin: 9.9% (up from 8.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 3.8%, compared to a 25% growth forecast for the Forestry industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥144.8m, down 10% from the prior year. Total revenue was CN¥1.74b over the last 12 months, down 9.8% from the prior year. Is New 90 Day High Low • Oct 04
New 90-day low: CN¥2.62 The company is down 3.0% from its price of CN¥2.69 on 06 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 Forestry industry, which is up 10.0% over the same period.