Announcement • 10h
CSG Holding Co., Ltd., Annual General Meeting, Jun 26, 2026 CSG Holding Co., Ltd., Annual General Meeting, Jun 26, 2026, at 14:45 China Standard Time. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Yunqiao Shen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
CSG Holding Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 CSG Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
CSG Holding Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 CSG Holding Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Announcement • Sep 30
CSG Holding Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 CSG Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
CSG Holding Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 CSG Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • May 29
CSG Holding Co., Ltd., Annual General Meeting, Jun 24, 2025 CSG Holding Co., Ltd., Annual General Meeting, Jun 24, 2025, at 14:45 China Standard Time. Location: 2F, Office Building, No. 1, Shekou Industrial 6th Road, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 31
CSG Holding Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 CSG Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Feb 14
CSG Holding Co., Ltd. (SZSE:000012) announces an Equity Buyback. CSG Holding Co., Ltd. (SZSE:000012) announces a share repurchase program. Under the program, the company will repurchase up to CNY 485 million worth of its Class A shares and HKD 100 million (equivalent to CNY 92.09 million) of Class B shares. The shares will be purchased at a price not exceeding CNY 7.60 per Class A share and HKD 3.13 per share for Class B shares. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The A shares repurchased by the Company will all be used for equity incentives or ESOP and all B shares repurchased will be cancelled. The program will be funded from company's own funds and self-raised funds. The repurchase program is subject to share holder's approval. The program will be valid for 12 months from the Company's Shareholders’ Approval Date. Announcement • Dec 31
CSG Holding Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 CSG Holding Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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: Minor Risks High level of debt (40% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.018 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥3.76b (down 26% from 3Q 2023). Net income: CN¥53.3m (down 91% from 3Q 2023). Profit margin: 1.4% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. 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 14% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CN¥5.42. The fair value is estimated to be CN¥4.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to grow by 4.1% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.78, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.46 per share. Announcement • Sep 30
CSG Holding Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 CSG Holding Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.7% to CN¥5.38. The fair value is estimated to be CN¥4.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to grow by 4.1% in the next 2 years. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.16 in 2Q 2023). Revenue: CN¥4.13b (down 4.3% from 2Q 2023). Net income: CN¥407.7m (down 17% from 2Q 2023). Profit margin: 9.9% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Dividend increased to CN¥0.25 Dividend of CN¥0.25 is 67% higher than last year. Ex-date: 16th July 2024 Payment date: 16th July 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 10
CSG Holding Co., Ltd. Announces Final Cash Dividend of B Shares for 2023, Payable on 18 July 2024 CSG Holding Co., Ltd. announced final cash dividend of CNY 2.50000000 per 10 B shares for 2023. Record date: 18 July 2024. Ex-date: 16 July 2024. Payment date: 18 July 2024. Announcement • Jun 29
CSG Holding Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024 CSG Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024 Announcement • May 30
CSG Holding Co., Ltd., Annual General Meeting, Jun 20, 2024 CSG Holding Co., Ltd., Annual General Meeting, Jun 20, 2024, at 14:45 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Apr 27
CSG Holding Co., Ltd. Proposes Final Cash Dividend for the Year 2023 CSG Holding Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.50000000 for the year 2023. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.54 (vs CN¥0.66 in FY 2022) Full year 2023 results: EPS: CN¥0.54 (down from CN¥0.66 in FY 2022). Revenue: CN¥18.2b (up 20% from FY 2022). Net income: CN¥1.66b (down 19% from FY 2022). Profit margin: 9.1% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 30
CSG Holding Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 CSG Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Dec 30
CSG Holding Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 CSG Holding Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Announcement • Jul 08
CSG Holding Co., Ltd. Announces 2022 Final Profit Distribution Plan to be Implemented (A shares) , Payable on 14 July 2023 CSG Holding Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares) of cash dividend/10 shares (tax included): CNY 1.50000000. Record date is 13 July 2023, Ex-date is 14 July 2023 and Payment date is 14 July 2023. Announcement • Jun 07
CSG Holding Co., Ltd., Annual General Meeting, Jun 28, 2023 CSG Holding Co., Ltd., Annual General Meeting, Jun 28, 2023, at 14:45 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2023 launching the assets pool business; to consider 2023 guarantee plan; to consider Amendments to the Company's articles of association and its appendix; and to consider Amendments to and formulation of relevant systems. 
