Announcement • Jun 05
Visual China Group Co.,Ltd. Proposes Cash Dividend for 2025 Visual China Group Co.,Ltd. at its AGM to be held on 23 June 2026 proposed cash dividend of CNY 0.04 per 10 shares for the 2025. Announcement • Jun 03
Visual China Group Co.,Ltd., Annual General Meeting, Jun 23, 2026 Visual China Group Co.,Ltd., Annual General Meeting, Jun 23, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.19, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 69x in the Interactive Media and Services industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.34 (vs CN¥0.025 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.34 (up from CN¥0.025 in 1Q 2025). Revenue: CN¥185.3m (down 2.2% from 1Q 2025). Net income: CN¥238.8m (up CN¥221.0m from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Announcement • Mar 31
Visual China Group Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Visual China Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in FY 2024) Full year 2025 results: EPS: CN¥0.12 (down from CN¥0.17 in FY 2024). Revenue: CN¥778.5m (down 4.0% from FY 2024). Net income: CN¥83.0m (down 30% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Feb 10
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 9.9% 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 Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Announcement • Dec 31
Visual China Group Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Visual China Group Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Nov 18
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 7.5% 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 6.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.044 (vs CN¥0.044 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.044 (in line with 3Q 2024). Revenue: CN¥210.8m (flat on 3Q 2024). Net income: CN¥30.5m (down 1.0% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Visual China Group Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Visual China Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Declared Dividend • Sep 20
First half dividend of CN¥0.011 announced Shareholders will receive a dividend of CN¥0.011. Ex-date: 25th September 2025 Payment date: 25th September 2025 Dividend yield will be 0.1%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 15%. Declared Dividend • Aug 13
Dividend of CN¥0.013 announced Shareholders will receive a dividend of CN¥0.013. Ex-date: 15th August 2025 Payment date: 15th August 2025 Dividend yield will be 0.1%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 12%. Announcement • Jul 02
Visual China Group Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Visual China Group Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 05
Visual China Group Co.,Ltd. Proposes Cash Dividend for 2024 Visual China Group Co.,Ltd. will hold the 2024 Annual General Meeting on 23 June 2025, the board proposed 2024 profit distribution plan of Cash dividend/10 shares (tax included): CNY 0.13000000. Announcement • Jun 02
Visual China Group Co.,Ltd., Annual General Meeting, Jun 23, 2025 Visual China Group Co.,Ltd., Annual General Meeting, Jun 23, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Apr 25
Visual China Group Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Visual China Group Co.,Ltd. announced on 24 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.13000000. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.025 (vs CN¥0.023 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.025 (up from CN¥0.023 in 1Q 2024). Revenue: CN¥189.4m (up 8.4% from 1Q 2024). Net income: CN¥17.8m (up 12% from 1Q 2024). Profit margin: 9.4% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Mar 31
Visual China Group Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Visual China Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Visual China Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Visual China Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 New Risk • Dec 23
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 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.044 (vs CN¥0.047 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.044 (down from CN¥0.047 in 3Q 2023). Revenue: CN¥209.2m (up 2.8% from 3Q 2023). Net income: CN¥30.8m (down 20% from 3Q 2023). Profit margin: 15% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Visual China Group Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Visual China Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Announcement • Sep 20
Visual China Group Co.,Ltd. Announces Interim Cash Dividend on A Shares for the Year 2024, Payable on 26 September 2024 Visual China Group Co.,Ltd. announced interim cash dividend of CNY 0.08 per 10 shares on A shares (tax included) for the year 2024. Record date: 25 September 2024, Ex-date: 26 September 2024 and Payment date: 26 September 2024. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.049 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (up from CN¥0.049 in 2Q 2023). Revenue: CN¥224.2m (down 6.1% from 2Q 2023). Net income: CN¥35.0m (up 2.2% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 31
Dividend of CN¥0.021 announced Shareholders will receive a dividend of CN¥0.021. Ex-date: 2nd August 2024 Payment date: 2nd August 2024 Dividend yield will be 0.2%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 9%. Announcement • Jul 30
Visual China Group Co.,Ltd. Announces Implementation of Final Dividend on A Shares for the Year 2023, Payable on August 02, 2024 Visual China Group Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 0.21000000. Record date: August 01, 2024; Ex-date: August 02, 2024; Payment date: August 02, 2024. Announcement • Jun 29
Visual China Group Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Visual China Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Major Estimate Revision • May 11
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.21 to CN¥0.233. Revenue forecast unchanged at CN¥885.1m. Net income forecast to grow 61% next year vs 59% growth forecast for Interactive Media and Services industry in China. Consensus price target of CN¥13.40 unchanged from last update. Share price rose 2.7% to CN¥14.07 over the past week. Announcement • Apr 27
Visual China Group Co.,Ltd. Proposes Final Cash Dividend for the Year 2023 Visual China Group Co.,Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.21000000. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.14 in FY 2022) Full year 2023 results: EPS: CN¥0.21 (up from CN¥0.14 in FY 2022). Revenue: CN¥780.8m (up 12% from FY 2022). Net income: CN¥145.6m (up 47% from FY 2022). Profit margin: 19% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% 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 • Mar 30
Visual China Group Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Visual China Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥10.10, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 25x in the Interactive Media and Services industry in China. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.42 per share. Announcement • Dec 30
Visual China Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Visual China Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Dec 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.036 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.045 (up from CN¥0.036 in 3Q 2022). Revenue: CN¥203.5m (up 15% from 3Q 2022). Net income: CN¥31.7m (up 24% from 3Q 2022). Profit margin: 16% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 8% 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. Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥870.5m to CN¥854.0m. EPS estimate also fell from CN¥0.255 per share to CN¥0.22 per share. Net income forecast to grow 26% next year vs 24% growth forecast for Interactive Media and Services industry in China. Consensus price target down from CN¥20.10 to CN¥14.50. Share price fell 2.7% to CN¥15.36 over the past week. Price Target Changed • Aug 21
Price target decreased by 28% to CN¥14.50 Down from CN¥20.10, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥14.82. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.14 last year. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.035 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.049 (up from CN¥0.035 in 2Q 2022). Revenue: CN¥238.8m (up 22% from 2Q 2022). Net income: CN¥34.2m (up 40% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
Visual China Group Co.,Ltd. Announces Implementation Final Dividend on A Shares for the Year 2022, Payable on August 7, 2023 Visual China Group Co.,Ltd. announced Implementation final cash dividend/10 shares (tax included) of CNY 0.15000000 on A shares for the year 2022. Record date is August 4, 2023. Ex-date is August 7, 2023. Payment date is August 7, 2023. Announcement • Jul 01
Visual China Group Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Visual China Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • Jun 10
Visual China Group Co.,Ltd., Annual General Meeting, Jun 29, 2023 Visual China Group Co.,Ltd., Annual General Meeting, Jun 29, 2023, at 15:00 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 profit distribution plan; to consider 2022 annual accounts; to consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; and to transact such other business matter. Price Target Changed • Dec 15
Price target decreased to CN¥12.00 Down from CN¥14.70, the current price target is provided by 1 analyst. New target price is 5.2% below last closing price of CN¥12.66. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.15 for next year compared to CN¥0.22 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Chuntian Liu was the last independent 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. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥718.0m to CN¥703.0m. EPS estimate also fell from CN¥0.19 per share to CN¥0.15 per share. Net income forecast to grow 148% next year vs 114% growth forecast for Online Retail industry in China. Consensus price target down from CN¥14.70 to CN¥13.95. Share price rose 13% to CN¥11.08 over the past week. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.036 (vs CN¥0.078 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.036 (down from CN¥0.078 in 3Q 2021). Revenue: CN¥177.1m (down 3.7% from 3Q 2021). Net income: CN¥25.5m (down 53% from 3Q 2021). Profit margin: 14% (down from 30% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Online Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Board Change • Oct 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Chuntian Liu was the last independent 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. Major Estimate Revision • Sep 04
Consensus revenue estimates fall by 13% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥827.4m to CN¥716.0m. EPS estimate fell from CN¥0.29 to CN¥0.17 per share. Net income forecast to grow 6.3% next year vs 64% growth forecast for Online Retail industry in China. Consensus price target of CN¥14.70 unchanged from last update. Share price was steady at CN¥12.42 over the past week. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.079 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.035 (down from CN¥0.079 in 2Q 2021). Revenue: CN¥195.6m (down 2.9% from 2Q 2021). Net income: CN¥24.4m (down 56% from 2Q 2021). Profit margin: 13% (down from 27% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 40%, compared to a 26% growth forecast for the Online Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Aug 04
Visual China Group Co.,Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on August 9, 2022 Visual China Group Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.22000000 on A shares for the year 2021. Record date is August 8, 2022. Ex-date is August 9, 2022. Payment date is August 9, 2022. Announcement • Jun 24
Visual China Group Co.,Ltd. Approves Cash Dividend for the Year 2021 Visual China Group Co.,Ltd. held its Annual General Meeting of 2021 on 22 June 2022, during which it approved cash dividend of CNY 0.22000000 per ten shares (tax included) for the year of 2021. Announcement • Jun 03
Visual China Group Co.,Ltd., Annual General Meeting, Jun 22, 2022 Visual China Group Co.,Ltd., Annual General Meeting, Jun 22, 2022, at 15:00 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider 2021 annual accounts; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 internal control evaluation report; to consider Reappointment of 2022 audit firm; to consider 2022 estimated guarantee quota for subsidiaries; to consider Remuneration for directors; to consider Remuneration for supervisors; to consider Purchase of liability insurance for directors, supervisors and senior management; to consider Amendments to the Company's articles of association; to consider Amendments to the Company's rules of procedure governing the board meetings; and to consider other matters. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥14.34, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 17x in the Online Retail industry in China. Total loss to shareholders of 22% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.044 (down from CN¥0.059 in 1Q 2021). Revenue: CN¥155.0m (up 12% from 1Q 2021). Net income: CN¥30.5m (down 27% from 1Q 2021). Profit margin: 20% (down from 30% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 44%, compared to a 33% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 31% 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. Price Target Changed • Apr 27
Price target increased to CN¥20.32 Up from CN¥18.21, the current price target is an average from 6 analysts. New target price is 78% above last closing price of CN¥11.41. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.20 last year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.08, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 20x in the Online Retail industry in China. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.76, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 17x in the Online Retail industry in China. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥17.96, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 21x in the Online Retail industry in China. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.73, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 24x in the Online Retail industry in China. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥18.75, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 24x in the Online Retail industry in China. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.67 per share. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.071 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥184.0m (up 8.5% from 3Q 2020). Net income: CN¥54.3m (up 9.1% from 3Q 2020). Profit margin: 30% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 28
Price target decreased to CN¥15.17 Down from CN¥18.21, the current price target is an average from 3 analysts. New target price is 26% above last closing price of CN¥12.06. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.20 last year. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥14.27, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 19x in the Online Retail industry in Asia. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.66 per share. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.079 (vs CN¥0.062 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥201.6m (up 25% from 2Q 2020). Net income: CN¥55.1m (up 28% from 2Q 2020). Profit margin: 27% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 14
Upcoming dividend of CN¥0.021 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 21 June 2021. Trailing yield: 0.2%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (0.7%). Announcement • May 02
Visual China Group Co.,Ltd. Proposes Final Cash Dividend for the Year 2020 Visual China Group Co.,Ltd. announced the profit distribution proposal for 2020 as final cash dividend (tax included) of CNY 0.21000000 per ten shares. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.32 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥570.5m (down 21% from FY 2019). Net income: CN¥141.5m (down 36% from FY 2019). Profit margin: 25% (down from 31% in FY 2019). 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 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥14.33, the stock is trading at a trailing P/E ratio of 77.5x, up from the previous P/E ratio of 65.7x. This compares to an average P/E of 28x in the Online Retail industry in Asia. Total return to shareholders over the past three years is a loss of 25%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥14.22, the stock is trading at a trailing P/E ratio of 76.9x, up from the previous P/E ratio of 65.3x. This compares to an average P/E of 28x in the Online Retail industry in Asia. Total return to shareholders over the past three years is a loss of 23%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥12.55, the stock is trading at a trailing P/E ratio of 67.8x, down from the previous P/E ratio of 81x. This compares to an average P/E of 27x in the Online Retail industry in Asia. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥14.24 The company is down 9.0% from its price of CN¥15.73 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Online Retail 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¥0.58 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥129.6m, down 59% from the prior year. Total revenue was CN¥578.2m over the last 12 months, down 34% from the prior year. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥14.77 The company is down 14% from its price of CN¥17.12 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.44 per share. Announcement • Aug 12
Visual China Group Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Visual China Group Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
