New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 22% 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. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Price Target Changed • Apr 24
Price target increased by 9.4% to CN¥10.50 Up from CN¥9.60, the current price target is an average from 2 analysts. New target price is 27% above last closing price of CN¥8.28. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.87 for next year compared to CN¥0.20 last year. Major Estimate Revision • Apr 24
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥6.67b to CN¥7.47b. EPS estimate increased from CN¥0.597 to CN¥0.69 per share. Net income forecast to grow 336% next year vs 12% growth forecast for Media industry in China. Consensus price target down from CN¥10.76 to CN¥10.50. Share price fell 2.5% to CN¥8.28 over the past week. Announcement • Apr 20
Chinese Universe Publishing and Media Group Co., Ltd., Annual General Meeting, May 08, 2026 Chinese Universe Publishing and Media Group Co., Ltd., Annual General Meeting, May 08, 2026, at 09:30 China Standard Time. Location: No. 95, Lijing Road, Honggutan District, Nanchang, Jiangxi China Reported Earnings • Apr 19
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.20 (down from CN¥0.53 in FY 2024). Revenue: CN¥7.76b (down 17% from FY 2024). Net income: CN¥279.7m (down 62% from FY 2024). Profit margin: 3.6% (down from 8.0% in FY 2024). Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is expected to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Media industry in China are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Chinese Universe Publishing and Media Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Feb 10
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to CN¥10.29. The fair value is estimated to be CN¥8.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 0.9% in 2 years. Earnings are forecast to grow by 162% in the next 2 years. Buy Or Sell Opportunity • Jan 12
Now 25% overvalued Over the last 90 days, the stock has fallen 2.1% to CN¥10.30. The fair value is estimated to be CN¥8.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 0.9% in 2 years. Earnings are forecast to grow by 162% in the next 2 years. Announcement • Dec 26
Chinese Universe Publishing and Media Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.08 (down from CN¥0.087 in 3Q 2024). Revenue: CN¥1.76b (up 10% from 3Q 2024). Net income: CN¥108.8m (down 5.4% from 3Q 2024). Profit margin: 6.2% (down from 7.2% in 3Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 19
Consensus revenue estimates increase by 15% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥5.27b to CN¥6.07b. EPS estimate increased from CN¥0.36 to CN¥0.421 per share. Net income forecast to grow 101% next year vs 41% growth forecast for Media industry in China. Consensus price target down from CN¥9.80 to CN¥9.60. Share price fell 3.0% to CN¥10.20 over the past week. Announcement • Sep 30
Chinese Universe Publishing and Media Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 141% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.0% 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (5.4% net profit margin). Major Estimate Revision • Aug 27
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥9.47b to CN¥7.47b. EPS estimate fell from CN¥1.06 to CN¥0.616 per share. Net income forecast to grow 58% next year vs 28% growth forecast for Media industry in China. Consensus price target down from CN¥13.70 to CN¥8.70. Share price was steady at CN¥10.51 over the past week. Announcement • Jun 30
Chinese Universe Publishing and Media Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 09
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (dividend approximately 20x free cash flows). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 53% 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 Dividend is not well covered by cash flows (dividend per share is over 20x cash flows per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). Announcement • Apr 25
Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) completed the acquisition of 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers. Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) agreed to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million on March 18, 2024. Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) signed share transfer agreement to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million on March 19, 2024. The group of sellers include Fan Xinghong, Guan Fei, Beijing Langzhong Investment Management Center (Limited Partnership), Shanghai Ruili Cultural Science and Technology Innovation Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhu Haifeng, Zhongtong Runtong Investment Management (Qingdao) Partnership Enterprise (Limited Partnership), Sichuan Haokang Environmental Protection Technical Service Co., Ltd., and Ningbo Chengzhong Investment Partnership Enterprise (Limited Partnership). Chinese Universe Publishing and Media Group Co., Ltd will use its own funds for this transaction. The deal has been approved by board of directors of Chinese Universe Publishing and Media Group. As of April 2, 2024, Transaction has been approved by anti-trust authorities. As on April 25, 2024 transfer of the first batch of shares has been approved by the Beijing Municipal Administration for Market Regulation.
Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) completed the acquisition of 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers on April 24, 2025. Major Estimate Revision • Apr 25
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥11.4b to CN¥10.2b. EPS estimate fell from CN¥1.37 to CN¥1.35 per share. Net income forecast to grow 32% next year vs 39% growth forecast for Media industry in China. Consensus price target of CN¥14.80 unchanged from last update. Share price fell 3.6% to CN¥10.72 over the past week. Announcement • Apr 20
Chinese Universe Publishing and Media Group Co., Ltd., Annual General Meeting, May 09, 2025 Chinese Universe Publishing and Media Group Co., Ltd., Annual General Meeting, May 09, 2025, at 09:30 China Standard Time. Location: No. 95, Lijing Road, Honggutan District, Nanchang, Jiangxi China Announcement • Mar 28
Chinese Universe Publishing and Media Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Chinese Universe Publishing and Media Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Major Estimate Revision • Dec 18
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥11.4b to CN¥8.57b. EPS estimate fell from CN¥1.24 to CN¥1.19 per share. Net income forecast to shrink 15% next year vs 12% growth forecast for Media industry in China . Consensus price target down from CN¥18.23 to CN¥14.80. Share price fell 4.6% to CN¥13.13 over the past week. Price Target Changed • Dec 17
Price target decreased by 15% to CN¥14.80 Down from CN¥17.40, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥13.04. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.42 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥1.60b (down 21% from 3Q 2023). Net income: CN¥114.9m (down 72% from 3Q 2023). Profit margin: 7.2% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 70%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media 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 increased by 6% per year, which means it is well ahead of earnings. New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Announcement • Sep 30
Chinese Universe Publishing and Media Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Chinese Universe Publishing and Media Group 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 18% After last week's 18% share price gain to CN¥15.62, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Media industry in China. Total returns to shareholders of 77% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.26 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥2.99b (up 18% from 2Q 2023). Net income: CN¥349.1m (down 16% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jun 28
Chinese Universe Publishing and Media Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 19
Dividend increased to CN¥0.78 Dividend of CN¥0.78 is 4.0% higher than last year. Ex-date: 24th June 2024 Payment date: 24th June 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 13
Price target increased by 8.3% to CN¥18.85 Up from CN¥17.40, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥15.81. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of CN¥1.26 for next year compared to CN¥1.45 last year. Major Estimate Revision • May 29
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥10.6b to CN¥10.8b. EPS estimate fell from CN¥1.63 to CN¥1.37 per share. Net income forecast to shrink 5.5% next year vs 40% growth forecast for Media industry in China . Consensus price target down from CN¥17.90 to CN¥17.40. Share price fell 3.7% to CN¥15.64 over the past week. Reported Earnings • Apr 30
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.32 in 1Q 2023). Revenue: CN¥2.16b (down 13% from 1Q 2023). Net income: CN¥263.9m (down 38% from 1Q 2023). Profit margin: 12% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Apr 20
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥1.45 (up from CN¥1.42 in FY 2022). Revenue: CN¥10.1b (down 1.5% from FY 2022). Net income: CN¥1.97b (up 1.9% from FY 2022). Profit margin: 20% (in line with FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 4.6%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media 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 increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 20
Chinese Universe Publishing and Media Group Co., Ltd., Annual General Meeting, May 10, 2024 Chinese Universe Publishing and Media Group Co., Ltd., Annual General Meeting, May 10, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Announcement • Mar 29
Chinese Universe Publishing and Media Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 22
Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) agreed to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million. Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) agreed to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million on March 18, 2024. Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) signed share transfer agreement to acquire 58% stake in Beijing Longwise Communications and Digital Tech Inc. from group of sellers for CNY 640 million on March 19, 2024. The group of sellers include Fan Xinghong, Guan Fei, Beijing Langzhong Investment Management Center (Limited Partnership), Shanghai Ruili Cultural Science and Technology Innovation Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhu Haifeng, Zhongtong Runtong Investment Management (Qingdao) Partnership Enterprise (Limited Partnership), Sichuan Haokang Environmental Protection Technical Service Co., Ltd., and Ningbo Chengzhong Investment Partnership Enterprise (Limited Partnership). Chinese Universe Publishing and Media Group Co., Ltd will use its own funds for this transaction. The deal has been approved by board of directors of Chinese Universe Publishing and Media Group. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Media industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.35 per share. New Risk • Jan 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 29
Chinese Universe Publishing and Media Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Announcement • Dec 22
Chinese Universe Publishing Plans to Buy Stakes in Two Media Firms Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) said it plans to buy stakes in two media firms via cash, share issue. The company said trading in shares to resume on December 21. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥11.87, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 22x in the Media industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥13.29, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Media industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.33 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.33 in 3Q 2022). Revenue: CN¥2.03b (down 15% from 3Q 2022). Net income: CN¥406.7m (down 8.6% from 3Q 2022). Profit margin: 20% (up from 19% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media 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 remained flat. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.27 in 2Q 2022). Revenue: CN¥2.54b (down 6.7% from 2Q 2022). Net income: CN¥417.5m (up 11% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Major Estimate Revision • Jul 13
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥1.20 to CN¥1.39. Revenue forecast steady at CN¥11.1b. Net income forecast to shrink 1.9% next year vs 42% growth forecast for Media industry in China . Consensus price target up from CN¥14.85 to CN¥18.45. Share price rose 2.0% to CN¥13.04 over the past week. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥13.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Media industry in China. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.45 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥17.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Media industry in China. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.05 per share. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥19.65, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Media industry in China. Total returns to shareholders of 92% over the past three years. Reported Earnings • Apr 19
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.42 (down from CN¥1.51 in FY 2021). Revenue: CN¥10.2b (down 4.5% from FY 2021). Net income: CN¥1.93b (down 5.5% from FY 2021). Profit margin: 19% (in line with FY 2021). Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 3.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Buying Opportunity • Apr 14
Now 27% undervalued Over the last 90 days, the stock is up 54%. The fair value is estimated to be CN¥19.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.3%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 31% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥15.94, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 22x in the Media industry in China. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.75 per share. Price Target Changed • Nov 16
Price target decreased to CN¥10.85 Down from CN¥12.95, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥9.04. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥1.51 last year. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.33. Net income: CN¥445.0m (up CN¥445.0m from 3Q 2021). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media 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 12% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27. Revenue: CN¥2.72b (up 5.2% from 2Q 2021). Net income: CN¥377.5m (flat on 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 8.9%, compared to a 16% growth forecast for the Media industry in China. Price Target Changed • Aug 06
Price target decreased to CN¥11.85 Down from CN¥12.95, the current price target is an average from 2 analysts. New target price is 31% above last closing price of CN¥9.02. Stock is down 8.1% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥1.51 last year. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.29 (up from CN¥0.28 in 1Q 2021). Revenue: CN¥2.59b (flat on 1Q 2021). Net income: CN¥386.9m (up 3.4% from 1Q 2021). Profit margin: 15% (in line with 1Q 2021). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 21%, compared to a 16% growth forecast for the 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 10% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CN¥12.75 Down from CN¥14.50, the current price target is an average from 2 analysts. New target price is 29% above last closing price of CN¥9.86. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.54 for next year compared to CN¥1.51 last year. Reported Earnings • Apr 16
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.51 (up from CN¥1.33 in FY 2020). Revenue: CN¥10.7b (up 3.6% from FY 2020). Net income: CN¥2.04b (up 13% from FY 2020). Profit margin: 19% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the 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 9% per year, which means it is significantly lagging earnings. Announcement • Feb 12
Jiangxi Film Co., Ltd. completed the acquisition of Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373). Jiangxi Film Co., Ltd. agreed to acquire Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) for CNY 86.7 million on January 20, 2022. Beijing Oriental Panorama has total assets of CNY 100.2269 million, Net assets of CNY 81.1708 million, EBIT of CNY 0.1047 million and Net profit of CNY -14.9668 million on December 31, 2021. Board of Chinese Universe Publishing on January 20, 2022 approved the transaction.
Jiangxi Film Co., Ltd. completed the acquisition of Beijing Oriental Panorama Culture Media Co., Ltd from Chinese Universe Publishing and Media Group Co., Ltd. (SHSE:600373) on February 11, 2022. Price Target Changed • Nov 15
Price target decreased to CN¥12.75 Down from CN¥14.50, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥11.24. Stock is down 5.1% over the past year. The company is forecast to post earnings per share of CN¥1.45 for next year compared to CN¥1.33 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.30 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.45b (up 4.2% from 3Q 2020). Net income: CN¥532.7m (up 31% from 3Q 2020). Profit margin: 22% (up from 17% in 3Q 2020). The increase in margin was primarily driven by higher revenue. 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.26 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥2.59b (up 2.5% from 1Q 2020). Net income: CN¥374.2m (up 4.8% from 1Q 2020). Profit margin: 14% (in line with 1Q 2020). 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.33 (vs CN¥1.25 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¥10.3b (down 8.2% from FY 2019). Net income: CN¥1.81b (up 4.6% from FY 2019). Profit margin: 18% (up from 15% in FY 2019). The increase in margin was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Chinese Universe Publishing and Media Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Major Estimate Revision • Feb 09
Analysts lower revenue estimates to CN¥10.9b The 2020 consensus revenue estimate decreased from CN¥12.2b. Earning per share (EPS) estimate was also lowered from CN¥1.36 to CN¥1.25 for the same period. Net income is expected to grow by 3.2% next year compared to 27% growth forecast for the Media industry in China. The consensus price target was lowered from CN¥16.30 to CN¥14.57. Share price is down by 1.8% to CN¥9.32 over the past week. Price Target Changed • Feb 03
Price target lowered to CN¥14.57 Down from CN¥16.30, the current price target is an average from 2 analysts. The new target price is 55% above the current share price of CN¥9.39. As of last close, the stock is down 31% over the past year. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥9.42 The company is down 19% from its price of CN¥11.65 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.72 per share. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥10.01 The company is down 14% from its price of CN¥11.65 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.85 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥11.25 The company is down 6.0% from its price of CN¥12.03 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥17.34 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue and earnings miss expectations Third-quarter revenue missed analyst estimates by 11% at CN¥2.35b. Earnings per share (EPS) also missed analyst estimates by 16% at CN¥0.30. Revenue is forecast to grow 24% over the next year, compared to a 22% growth forecast for the Media industry in China. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.72b, up 1.9% from the prior year. Total revenue was CN¥9.89b over the last 12 months, down 12% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥11.60 The company is down 8.0% from its price of CN¥12.67 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥17.11 per share. Announcement • Oct 27
Chinese Universe Publishing and Media Group Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥11.65 The company is down 6.0% from its price of CN¥12.33 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.74 per share. Announcement • Jul 10
Chinese Universe Publishing and Media Group Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Chinese Universe Publishing and Media Group Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020