Declared Dividend • May 30
Dividend reduced to CN¥0.60 Dividend of CN¥0.60 is 25% lower than last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (127% earnings payout ratio). However, it is covered by cash flows (89.7% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 41% to bring the payout ratio under control. EPS is expected to grow by 13% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Apr 23
Full year 2025 earnings released: EPS: CN¥0.50 (vs CN¥0.78 in FY 2024) Full year 2025 results: EPS: CN¥0.50 (down from CN¥0.78 in FY 2024). Revenue: CN¥646.2m (down 21% from FY 2024). Net income: CN¥77.0m (down 39% from FY 2024). Profit margin: 12% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Thinkingdom Media Group Ltd., Annual General Meeting, May 13, 2026 Thinkingdom Media Group Ltd., Annual General Meeting, May 13, 2026, at 10:30 China Standard Time. Location: Annex Building of Building 5, Yard No. 3, Huayuan Hutong, Dongcheng District, Beijing China Price Target Changed • Apr 17
Price target decreased by 12% to CN¥17.10 Down from CN¥19.43, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥17.17. Stock is down 5.3% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.78 last year. New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 13% 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: 184% Paying a dividend despite having no free cash flows. Earnings have declined by 13% 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 (10% net profit margin). Announcement • Mar 30
Thinkingdom Media Group Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Thinkingdom Media Group Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Thinkingdom Media Group Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Thinkingdom Media Group Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.22 in 3Q 2024). Revenue: CN¥160.4m (down 14% from 3Q 2024). Net income: CN¥20.9m (down 42% from 3Q 2024). Profit margin: 13% (down from 19% in 3Q 2024). Revenue is forecast to grow 3.3% 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 12% 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
Thinkingdom Media Group Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Thinkingdom Media Group Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Major Estimate Revision • Aug 14
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥879.3m to CN¥642.7m. EPS estimate fell from CN¥0.94 to CN¥0.72 per share. Net income forecast to grow 42% next year vs 39% growth forecast for Media industry in China. Consensus price target down from CN¥19.43 to CN¥18.55. Share price fell 2.5% to CN¥18.79 over the past week. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.26 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.26 in 2Q 2024). Revenue: CN¥164.2m (down 28% from 2Q 2024). Net income: CN¥22.4m (down 47% from 2Q 2024). Profit margin: 14% (down from 19% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Jun 30
Thinkingdom Media Group Ltd. to Report First Half, 2025 Results on Aug 08, 2025 Thinkingdom Media Group Ltd. announced that they will report first half, 2025 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥20.13, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Media industry in China. Total returns to shareholders of 22% over the past three years. Declared Dividend • May 31
Dividend reduced to CN¥0.80 Dividend of CN¥0.80 is 11% lower than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) and 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 13% per year over the past 8 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 79% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Apr 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.78 (down from CN¥0.98 in FY 2023). Revenue: CN¥820.5m (down 8.9% from FY 2023). Net income: CN¥126.6m (down 21% from FY 2023). Profit margin: 15% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 6.6% 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 increased by 8% per year whereas the company’s share price has increased by 3% per year. Announcement • Apr 23
Thinkingdom Media Group Ltd., Annual General Meeting, May 16, 2025 Thinkingdom Media Group Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: Podium Building, Building 5, Yard No. 3, Huayuan Hutong, Dongcheng District, Beijing China Announcement • Mar 28
Thinkingdom Media Group Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Thinkingdom Media Group Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Thinkingdom Media Group Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Thinkingdom Media Group Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥22.36, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Media industry in China. Total loss to shareholders of 2.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.40 per share. Major Estimate Revision • Nov 04
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥990.0m to CN¥890.0m. EPS estimate fell from CN¥1.08 to CN¥1.03 per share. Net income forecast to grow 14% next year vs 12% growth forecast for Media industry in China. Consensus price target of CN¥21.12 unchanged from last update. Share price fell 8.4% to CN¥16.89 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥185.9m (down 14% from 3Q 2023). Net income: CN¥35.9m (down 13% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Media industry in China. 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 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to CN¥17.90. The fair value is estimated to be CN¥14.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Announcement • Sep 30
Thinkingdom Media Group Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Thinkingdom Media Group Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥18.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Media industry in China. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.63 per share. Buy Or Sell Opportunity • Sep 30
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to CN¥18.08. The fair value is estimated to be CN¥14.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.26 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.26 (down from CN¥0.26 in 2Q 2023). Revenue: CN¥227.9m (down 3.0% from 2Q 2023). Net income: CN¥42.5m (down 1.8% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 01
Now 29% overvalued Over the last 90 days, the stock has fallen 3.5% to CN¥17.56. The fair value is estimated to be CN¥13.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.3%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Announcement • Jun 28
Thinkingdom Media Group Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Thinkingdom Media Group Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Buy Or Sell Opportunity • Jun 26
Now 23% overvalued Over the last 90 days, the stock has fallen 4.1% to CN¥16.80. The fair value is estimated to be CN¥13.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.3%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Declared Dividend • Jun 05
Dividend increased to CN¥0.90 Dividend of CN¥0.90 is 13% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 17% per year over the past 7 years and payments have been stable during that time. Earnings per share is expected to grow by 37% over the next 3 years, which should maintain adequate earnings cover for the dividend. Announcement • Apr 29
Thinkingdom Media Group Ltd., Annual General Meeting, May 20, 2024 Thinkingdom Media Group Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: 1F, Building 5, No. 3, Huayuan Hutong, Dongcheng District, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.28 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.28 in 1Q 2023). Revenue: CN¥225.4m (up 10.0% from 1Q 2023). Net income: CN¥48.5m (up 7.8% from 1Q 2023). Profit margin: 22% (in line with 1Q 2023). Revenue is forecast to grow 9.1% 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 fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Apr 20
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to CN¥16.43. The fair value is estimated to be CN¥13.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Price Target Changed • Apr 11
Price target decreased by 9.9% to CN¥21.26 Down from CN¥23.60, the current price target is an average from 2 analysts. New target price is 27% above last closing price of CN¥16.80. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥0.84 last year. Announcement • Mar 29
Thinkingdom Media Group Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Thinkingdom Media Group Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Buy Or Sell Opportunity • Feb 23
Now 25% overvalued Over the last 90 days, the stock has fallen 15% to CN¥16.80. The fair value is estimated to be CN¥13.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. Buy Or Sell Opportunity • Feb 20
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to CN¥16.03. The fair value is estimated to be CN¥13.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. Announcement • Feb 20
Thinkingdom Media Group Ltd. (SHSE:603096) announces an Equity Buyback for CNY 100 million worth of its shares. Thinkingdom Media Group Ltd. (SHSE:603096) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 25 per share. The company intends to use its own funds to repurchase shares. The repurchased shares will be used in equity incentive plans. The share repurchase program will be valid for 3 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥14.99, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.44 per share. Announcement • Dec 29
Thinkingdom Media Group Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Thinkingdom Media Group Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.27 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.27 in 3Q 2022). Revenue: CN¥216.7m (down 16% from 3Q 2022). Net income: CN¥41.3m (down 7.0% from 3Q 2022). Profit margin: 19% (up from 17% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.25 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.25 in 2Q 2022). Revenue: CN¥235.1m (down 1.8% from 2Q 2022). Net income: CN¥43.3m (up 9.2% from 2Q 2022). Profit margin: 18% (up from 17% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.8% 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 fallen by 24% per year whereas the company’s share price has fallen by 27% per year. New Risk • Jun 25
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 9.1% 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 (9.1% average weekly change). Minor Risk Dividend is not well covered by earnings (93% payout ratio). Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥21.71, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Media industry in China. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.77 per share. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.26 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.26 in 1Q 2022). Revenue: CN¥205.0m (flat on 1Q 2022). Net income: CN¥45.0m (up 5.6% from 1Q 2022). Profit margin: 22% (up from 21% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. 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¥26.99, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Media industry in China. Total loss to shareholders of 31% over the past three years. Buying Opportunity • Jan 11
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be CN¥23.98, 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 declined by 27%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 111% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Supervisor Xinjin Wang was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.24 in 3Q 2021). Revenue: CN¥257.2m (up 15% from 3Q 2021). Net income: CN¥44.4m (up 17% from 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue is forecast to grow 18% 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 fallen by 27% per year whereas the company’s share price has fallen by 30% per year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.24 in 2Q 2021). Revenue: CN¥239.5m (flat on 2Q 2021). Net income: CN¥39.6m (up 1.3% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 14% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 26% per year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥21.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.69 per share. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.26 (down from CN¥0.33 in 1Q 2021). Revenue: CN¥206.7m (down 4.6% from 1Q 2021). Net income: CN¥42.6m (down 21% from 1Q 2021). Profit margin: 21% (down from 25% in 1Q 2021). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 40%. Over the next year, revenue is forecast to grow 19%, compared to a 10% growth forecast for the 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 fallen by 31% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target decreased to CN¥25.00 Down from CN¥29.00, the current price target is provided by 1 analyst. New target price is 53% above last closing price of CN¥16.39. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥1.30 for next year compared to CN¥1.35 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Vice GM, GM of Production & Sales Center and Director Zhu Guoliang was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥34.10, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.01 per share. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.28 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥223.3m (up 2.4% from 3Q 2020). Net income: CN¥37.8m (down 20% from 3Q 2020). Profit margin: 17% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.41 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥240.7m (down 2.4% from 2Q 2020). Net income: CN¥39.1m (down 42% from 2Q 2020). Profit margin: 16% (down from 27% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Price Target Changed • Aug 20
Price target decreased to CN¥45.75 Down from CN¥54.50, the current price target is an average from 5 analysts. New target price is 67% above last closing price of CN¥27.38. Stock is down 46% over the past year. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥1.62 (vs CN¥1.78 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥875.9m (down 5.3% from FY 2019). Net income: CN¥219.7m (down 8.6% from FY 2019). Profit margin: 25% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥40.75 The company is down 2.0% from its price of CN¥41.61 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.98 per share. Is New 90 Day High Low • Dec 06
New 90-day high: CN¥53.00 The company is up 3.0% from its price of CN¥51.45 on 07 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.67 per share. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 17% share price gain to CN¥53.00, the stock is trading at a trailing P/E ratio of 33.8x, up from the previous P/E ratio of 28.8x. This compares to an average P/E of 33x in the Media industry in China. Total return to shareholders over the past three years is a loss of 13%. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥212.7m, down 16% from the prior year. Total revenue was CN¥887.5m over the last 12 months, down 5.9% from the prior year. Announcement • Oct 28
Thinkingdom Media Group Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Thinkingdom Media Group Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 21
New 90-day low: CN¥48.17 The company is down 25% from its price of CN¥63.81 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.91 per share. Announcement • Jul 09
Thinkingdom Media Group Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Thinkingdom Media Group Ltd. announced that they will report first half, 2020 results on Aug 22, 2020