Price Target Changed • 5h
Price target decreased by 9.6% to CN¥8.18 Down from CN¥9.04, the current price target is an average from 9 analysts. New target price is 65% above last closing price of CN¥4.96. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.20 last year. Announcement • Jun 30
Focus Media Information Technology Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Focus Media Information Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 Announcement • Jun 12
Focus Media Information Technology Co., Ltd. Approves Cash Dividend for 2025 Focus Media at its Annual General Meeting of 2025 held on June 10, 2026, approved 2025 profit distribution plan of Cash dividend per ten shares (tax included): CNY1.90000000. Buy Or Sell Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CN¥5.73. The fair value is estimated to be CN¥7.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Board Change • May 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Employee Representative Non Independent Director Xuan Hang was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.079 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.079 in 1Q 2025). Revenue: CN¥2.92b (up 2.0% from 1Q 2025). Net income: CN¥1.79b (up 58% from 1Q 2025). Profit margin: 61% (up from 40% in 1Q 2025). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Announcement • Apr 29
Focus Media Information Technology Co., Ltd., Annual General Meeting, Jun 10, 2026 Focus Media Information Technology Co., Ltd., Annual General Meeting, Jun 10, 2026, at 14:30 China Standard Time. Location: 28F, No. 369, Jiangsu Road, Changning District, Shanghai China Announcement • Mar 31
Focus Media Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Focus Media Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Major Estimate Revision • Jan 27
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.393 to CN¥0.351 per share. Revenue forecast steady at CN¥12.8b. Net income forecast to grow 8.6% next year vs 35% growth forecast for Media industry in China. Consensus price target broadly unchanged at CN¥9.32. Share price fell 2.4% to CN¥7.26 over the past week. Buy Or Sell Opportunity • Jan 15
Now 22% undervalued Over the last 90 days, the stock has risen 1.3% to CN¥7.57. The fair value is estimated to be CN¥9.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Announcement • Dec 31
Focus Media Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Focus Media Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.10 in 3Q 2024). Revenue: CN¥3.49b (up 6.1% from 3Q 2024). Net income: CN¥1.58b (up 6.9% from 3Q 2024). Profit margin: 45% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 6.8% 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 increased by 19% per year whereas the company’s share price has increased by 16% per year. Announcement • Oct 14
Focus Media Information Technology Co., Ltd. Announces Interim Distribution Plan for 2025, Payable October 17, 2025 Focus Media Information Technology Co., Ltd. announced 2025 interim profit distribution plan to be implemented (A shares): 1. Cash dividend/10 shares (tax included): CNY1.00000000, Record date: 16 October 2025, Ex-date: 17 October 2025, Payment date: 17 October 2025. Announcement • Sep 30
Focus Media Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Focus Media Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.10 in 2Q 2024). Revenue: CN¥3.25b (flat on 2Q 2024). Net income: CN¥1.53b (up 5.2% from 2Q 2024). Profit margin: 47% (up from 45% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 7.5% 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 increased by 16% per year whereas the company’s share price has increased by 12% per year. Announcement • Jul 02
Focus Media Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Focus Media Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • May 21
Focus Media Information Technology Co., Ltd., Annual General Meeting, Jun 25, 2025 Focus Media Information Technology Co., Ltd., Annual General Meeting, Jun 25, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China New Risk • May 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 100% Dividend yield: 6.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.079 (up from CN¥0.072 in 1Q 2024). Revenue: CN¥2.86b (up 4.7% from 1Q 2024). Net income: CN¥1.14b (up 9.1% from 1Q 2024). Profit margin: 40% (up from 38% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 1.7%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Announcement • Apr 11
Focus Media Information Technology Co., Ltd. (SZSE:002027) agreed to acquire Xinchao Media Group Co., Ltd. from a group of shareholders. Focus Media Information Technology Co., Ltd. (SZSE:002027) agreed to acquire Xinchao Media Group Co., Ltd. from a group of shareholders on April 10, 2025. The consideration consists of combination of cash and common equity of Focus Media Information Technology Co., Ltd.
The transaction is subject to approval by acquirer shareholders, Shenzhen Stock Exchange and China Securities Regulatory Commission, anti-monopoly review by State Administration for Market Regulation and other approvals as may be required by the law. The deal has been approved by the board of Focus Media Information Technology. Announcement • Mar 31
Focus Media Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Focus Media Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Focus Media Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Focus Media Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.095 in 3Q 2023). Revenue: CN¥3.29b (up 4.3% from 3Q 2023). Net income: CN¥1.47b (up 7.6% from 3Q 2023). Profit margin: 45% (up from 43% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.7% 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 fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • Sep 30
Focus Media Information Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Focus Media Information Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.27, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.29 per share. Announcement • Sep 20
Focus Media Information Technology Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 26 September 2024 Focus Media Information Technology Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 1.00000000 for year 2024 of A shares. Record date is 25 September 2024. Ex-date is 26 September 2024. Payment date is 26 September 2024. Announcement • Aug 10
Focus Media Information Technology Co., Ltd. Announces Profit Distribution Proposal for the First Half of 2024 Focus Media Information Technology Co., Ltd. announced on 09 August 2024 the profit distribution proposal for the first half of 2024, Cash dividend/10 shares (tax included) of CNY 1.00000000. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.089 in 2Q 2023). Revenue: CN¥3.24b (up 10.0% from 2Q 2023). Net income: CN¥1.45b (up 13% from 2Q 2023). Profit margin: 45% (up from 44% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Announcement • Jun 29
Focus Media Information Technology Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024 Focus Media Information Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jun 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to CN¥6.09. The fair value is estimated to be CN¥7.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Announcement • Jun 06
Focus Media Information Technology Co., Ltd. Announces Implementation of Final Profit Distribution Plan (A Shares) for 2023, Payable on 13 June 2024 Focus Media Information Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.30000000. Record date: 12 June 2024, Ex-date: 13 June 2024, Payment date: 13 June 2024. Announcement • May 02
Focus Media Information Technology Co., Ltd. Proposes Final Dividend for 2023 Focus Media Information Technology Co., Ltd. announced on 30 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 3.30000000. Announcement • May 01
Focus Media Information Technology Co., Ltd., Annual General Meeting, May 29, 2024 Focus Media Information Technology Co., Ltd., Annual General Meeting, May 29, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Buy Or Sell Opportunity • Apr 30
Now 25% undervalued Over the last 90 days, the stock has risen 15% to CN¥6.50. The fair value is estimated to be CN¥8.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 15% in the next year. Announcement • Mar 30
Focus Media Information Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Focus Media Information Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Price Target Changed • Jan 31
Price target decreased by 7.6% to CN¥8.12 Down from CN¥8.78, the current price target is an average from 10 analysts. New target price is 44% above last closing price of CN¥5.65. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.19 last year. Buying Opportunity • Jan 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥7.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 9.5%. Revenue is forecast to grow by 47% in 2 years. Earnings is forecast to grow by 57% in the next 2 years. Announcement • Dec 29
Focus Media Information Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Focus Media Information Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Buying Opportunity • Dec 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥7.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 9.5%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 57% in the next 2 years. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.095 (up from CN¥0.05 in 3Q 2022). Revenue: CN¥3.16b (up 25% from 3Q 2022). Net income: CN¥1.37b (up 89% from 3Q 2022). Profit margin: 43% (up from 29% in 3Q 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to grow 19% 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 9% per year whereas the company’s share price has fallen by 12% per year. Announcement • Oct 01
Focus Media Information Technology Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Focus Media Information Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CN¥0.089 (vs CN¥0.033 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.089 (up from CN¥0.033 in 2Q 2022). Revenue: CN¥2.94b (up 54% from 2Q 2022). Net income: CN¥1.29b (up 172% from 2Q 2022). Profit margin: 44% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 01
Focus Media Information Technology Co., Ltd. to Report First Half, 2023 Results on Aug 10, 2023 Focus Media Information Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Announcement • Jun 28
Focus Media Information Technology Co., Ltd. Announces Implementation of Final Profit Distribution Plan (A Shares) for 2022, Payable on 03 July 2023 Focus Media Information Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.80000000. Record date: 30 June 2023, Ex-date: 03 July 2023, Payment date: 03 July 2023. Announcement • Jun 01
Focus Media Information Technology Co., Ltd. Approves Cash Dividend Focus Media Information Technology Co., Ltd. in its Annual General Meeting of 2022 on 26 May 2023 approved the Cash dividend/10 shares (tax included): CNY 2.80000000. Buying Opportunity • May 25
Now 20% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be CN¥8.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last year. Earnings per share has declined by 39%. Announcement • May 06
Focus Media Information Technology Co., Ltd., Annual General Meeting, May 26, 2023 Focus Media Information Technology Co., Ltd., Annual General Meeting, May 26, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Reappointment of audit firm; to consider Quota of idle proprietary funds for purchasing wealth management products; to consider Provision of guarantee quota; to consider 2023 estimated continuing connected transactions; to consider Amendments to the Company's articles of association; to consider Amendments to the Company's rules of procedure governing the shareholders' general meetings; to consider Amendments to the Company's rules of procedure governing the board meetings; to consider Amendments to the Company's rules of procedure governing meetings of the supervisory committee; to consider Amendments to the raised funds management system; and to consider any other matters. Price Target Changed • May 06
Price target increased by 8.1% to CN¥8.21 Up from CN¥7.59, the current price target is an average from 9 analysts. New target price is 13% above last closing price of CN¥7.25. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.42 last year. Announcement • May 06
Focus Media Information Technology Co., Ltd. Proposes Final Dividend of 2022 Focus Media Information Technology Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY 2.80000000 for 2022. Major Estimate Revision • Feb 18
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from CN¥0.202 to CN¥0.223. Revenue forecast steady at CN¥10.1b. Net income forecast to grow 18% next year vs 20% growth forecast for Media industry in China. Consensus price target broadly unchanged at CN¥7.27. Share price fell 2.4% to CN¥6.64 over the past week. Price Target Changed • Jan 29
Price target increased by 9.3% to CN¥7.28 Up from CN¥6.66, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of CN¥7.00. Stock is down 8.1% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.42 last year. Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from CN¥0.231 to CN¥0.20 per share. Revenue forecast steady at CN¥10.1b. Net income forecast to grow 21% next year vs 21% growth forecast for Media industry in China. Consensus price target up from CN¥6.66 to CN¥7.08. Share price was steady at CN¥7.00 over the past week. Announcement • Jan 06
Focus Media Information Technology Co., Ltd. Announces Profit Distribution Plan to Be Implemented on A Shares for the Third Quarter of 2022, Payable on 11 January 2023 Focus Media Information Technology Co., Ltd. announced profit distribution plan to be implemented on A shares for the third quarter of 2022 as cash dividend per ten shares (tax included) of CNY 1.40000000. Payment date is 11 January 2023. Record date is 10 January 2023. Ex-date is 11 January 2023. Net cash dividend per ten shares after tax: CNY 1.26000000 (CNY 1.40000000 - CNY 0.14000000). Announcement • Dec 17
Focus Media Information Technology Co., Ltd. Approves Dividend for the Third Quarter of 2022 Focus Media Information Technology Co., Ltd. announced that it has approved third quarter 2022 Cash dividend (tax included) of CNY 1.40000000 per ten shares, at its EGM held on 15 December 2022. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.11 per share. Announcement • Nov 30
Focus Media Information Technology Co., Ltd. Announces the Profit Distribution Proposal for the Third Quarter of 2022 Focus Media Information Technology Co., Ltd. announced the profit distribution proposal for the third quarter of 2022 as follows: Cash dividend (tax included) of CNY 1.40000000 per ten shares. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.26, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Media industry in China. Total loss to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.27 per share. Major Estimate Revision • Nov 06
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥11.6b to CN¥10.2b. EPS estimate fell from CN¥0.27 to CN¥0.21 per share. Net income forecast to grow 27% next year vs 41% growth forecast for Media industry in China. Consensus price target down from CN¥7.61 to CN¥6.59. Share price rose 12% to CN¥5.26 over the past week. Price Target Changed • Nov 01
Price target decreased to CN¥6.89 Down from CN¥7.61, the current price target is an average from 10 analysts. New target price is 54% above last closing price of CN¥4.48. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.42 last year. Reported Earnings • Oct 31
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.10 in 3Q 2021). Revenue: CN¥2.52b (down 34% from 3Q 2021). Net income: CN¥727.2m (down 52% from 3Q 2021). Profit margin: 29% (down from 40% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 20% 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 33% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Oct 18
Focus Media Information Technology Co., Ltd. (SZSE:002027) announces an Equity Buyback for CNY 800 million worth of its shares. Focus Media Information Technology Co., Ltd. (SZSE:002027) announces a share repurchase program. Under the program, the company will repurchase up to CNY 800 million worth of its shares. The shares will be purchased at a price not exceeding CNY 7 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for the implementation of ESOP or equity incentive plan, otherwise will be cancelled if the company fails to transfer them within 36 months after the completion of the share repurchase. The program will be funded from company's own funds. The program will be valid for 12 months. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥12.8b to CN¥11.6b. EPS estimate also fell from CN¥0.31 per share to CN¥0.28 per share. Net income forecast to grow 9.2% next year vs 27% growth forecast for Media industry in China. Consensus price target down from CN¥8.31 to CN¥8.00. Share price was steady at CN¥5.79 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: CN¥0.033 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥1.91b (down 49% from 2Q 2021). Net income: CN¥474.7m (down 69% from 2Q 2021). Profit margin: 25% (down from 41% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 59%. Over the next year, revenue is forecast to grow 18%, compared to a 10% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 27
Focus Media Information Technology Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 03 August 2022 Focus Media Information Technology Co., Ltd. announced final cash dividend of CNY 1.30000000 per 10 shares on A shares for 2021. Record date: 02 August 2022, Ex-date: 03 August 2022 and Payment date: 03 August 2022. Price Target Changed • Jul 02
Price target decreased to CN¥8.31 Down from CN¥8.97, the current price target is an average from 12 analysts. New target price is 26% above last closing price of CN¥6.62. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.42 last year. Announcement • Jun 23
Focus Media Information Technology Co., Ltd. Announces Cash Dividend for the Year 2021 Focus Media Information Technology Co., Ltd. announced that at its Annual General Meeting of 2021 on 21 June 2022, approved Cash dividend/10 shares (tax included): CNY 1.30000000 for the year 2021. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.42, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 26% over the past three years. Major Estimate Revision • May 05
Consensus revenue estimates fall by 24% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥18.1b to CN¥13.7b. EPS estimate fell from CN¥0.50 to CN¥0.35 per share. Net income forecast to grow 2.7% next year vs 26% growth forecast for Media industry in China. Consensus price target down from CN¥11.30 to CN¥10.24. Share price rose 10.0% to CN¥5.83 over the past week. Price Target Changed • May 03
Price target decreased to CN¥10.29 Down from CN¥11.30, the current price target is an average from 12 analysts. New target price is 76% above last closing price of CN¥5.83. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.42 last year. Announcement • May 02
Focus Media Information Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Focus Media Information Technology Co., Ltd. proposed final cash dividend of CNY 1.30 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.42 (up from CN¥0.28 in FY 2020). Revenue: CN¥14.8b (up 23% from FY 2020). Net income: CN¥6.06b (up 51% from FY 2020). Profit margin: 41% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 20%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Mar 29
High number of new directors Independent Director Ke Yin was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥5.66, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Media industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.06 per share. Board Change • Jan 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Supervisor Xuan Hang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥8.13, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.66 per share. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ke Yin was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.096 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥3.82b (up 17% from 3Q 2020). Net income: CN¥1.52b (up 10% from 3Q 2020). Profit margin: 40% (down from 42% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Price Target Changed • Nov 01
Price target decreased to CN¥12.19 Down from CN¥13.26, the current price target is an average from 14 analysts. New target price is 69% above last closing price of CN¥7.21. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.28 last year. Price Target Changed • Sep 01
Price target decreased to CN¥12.71 Down from CN¥13.75, the current price target is an average from 14 analysts. New target price is 74% above last closing price of CN¥7.31. Stock is down 2.5% over the past year. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.055 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.73b (up 40% from 2Q 2020). Net income: CN¥1.53b (up 95% from 2Q 2020). Profit margin: 41% (up from 29% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% 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 • May 19
Focus Media Information Technology Co., Ltd. Approves Final Dividend Profit Distribution for 2020 Focus Media Information Technology Co., Ltd. at its Annual General Meeting of 2020 on 14 May 2021 approved final dividend profit distribution for 2020 as follows: Cash dividend/10 shares (tax included): CNY 1.15000000. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.095 (vs CN¥0.003 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.59b (up 85% from 1Q 2020). Net income: CN¥1.37b (up CN¥1.33b from 1Q 2020). Profit margin: 38% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 
