Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 29
Giant Network Announces Final Profit Distribution Plan to Be Implemented on A Share for 2025, Payable on June 1, 2026 Giant Network announced a final profit distribution plan to be implemented on A share with cash dividend of CNY 1.900 per 10 shares for 2025. The record date is May 29, 2026, and the payment date is June 1, 2026. The ex-date is June 1, 2026. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥27.81, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 25x in the Entertainment industry in China. Total returns to shareholders of 67% over the past three years. Announcement • Apr 28
Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026 Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China New Risk • Apr 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 33% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (33% net profit margin). Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.90 (up from CN¥0.78 in FY 2024). Revenue: CN¥5.05b (up 73% from FY 2024). Net income: CN¥1.67b (up 17% from FY 2024). Profit margin: 33% (down from 49% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
Giant Network Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Giant Network Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Giant Network Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Giant Network Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥47.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Entertainment industry in China. Total returns to shareholders of 531% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.65 per share. Buy Or Sell Opportunity • Nov 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥40.61. The fair value is estimated to be CN¥33.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 114% in 2 years. Earnings are forecast to grow by 140% in the next 2 years. Price Target Changed • Nov 03
Price target increased by 8.7% to CN¥45.64 Up from CN¥42.00, the current price target is an average from 4 analysts. New target price is 26% above last closing price of CN¥36.33. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.78 last year. Reported Earnings • Oct 29
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.19 in 3Q 2024). Revenue: CN¥1.71b (up 116% from 3Q 2024). Net income: CN¥639.8m (up 81% from 3Q 2024). Profit margin: 38% (down from 45% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Giant Network Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Giant Network Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Declared Dividend • Sep 21
First half dividend increased to CN¥0.15 Dividend of CN¥0.15 is 7.1% higher than last year. Ex-date: 23rd September 2025 Payment date: 23rd September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 134% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 16
Giant Network Group Co., Ltd. Approves Interim Dividend for 2025 Giant Network Group Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 12 September 2025, approved interim Cash dividend/10 shares (tax included): CNY1.50000000 for 2025. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥36.05, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 28x in the Entertainment industry in China. Total returns to shareholders of 359% over the past three years. Reported Earnings • Aug 29
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥938.4m (up 28% from 2Q 2024). Net income: CN¥429.2m (up 18% from 2Q 2024). Profit margin: 46% (down from 50% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 29
Giant Network Group Co., Ltd. Proposes 2025 Interim Profit Cash Dividend Giant Network Group Co., Ltd. proposed 2025 interim profit Cash dividend (tax included): CNY 1.50000000 per share, at its EGM, to be held on 12 September 2025. Major Estimate Revision • Aug 08
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥3.65b to CN¥4.11b. EPS estimate increased from CN¥0.911 to CN¥0.941 per share. Net income forecast to grow 41% next year vs 43% growth forecast for Entertainment industry in China. Consensus price target up from CN¥21.91 to CN¥27.75. Share price rose 24% to CN¥29.81 over the past week. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥28.03, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 29x in the Entertainment industry in China. Total returns to shareholders of 262% over the past three years. New Risk • Jul 08
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 7.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.14, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Entertainment industry in China. Total returns to shareholders of 207% over the past three years. Announcement • Jul 02
Giant Network Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Giant Network Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Major Estimate Revision • Jul 01
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥3.33b to CN¥3.65b. EPS estimate increased from CN¥0.815 to CN¥0.911 per share. Net income forecast to grow 30% next year vs 47% growth forecast for Entertainment industry in China. Consensus price target up from CN¥16.91 to CN¥21.91. Share price rose 8.7% to CN¥23.05 over the past week. Price Target Changed • Jun 26
Price target increased by 14% to CN¥19.27 Up from CN¥16.91, the current price target is an average from 3 analysts. New target price is 12% below last closing price of CN¥21.99. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥0.85 for next year compared to CN¥0.78 last year. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Entertainment industry in China. Total returns to shareholders of 119% over the past three years. Declared Dividend • May 21
Dividend increased to CN¥0.14 Dividend of CN¥0.14 is 75% higher than last year. Ex-date: 26th May 2025 Payment date: 26th May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 17
Giant Network Group Co., Ltd. Approves Cash Dividend for 2024 Giant Network Group Co., Ltd. at its Annual General Meeting of 2024 on 15 May 2025, approved Cash dividend (tax included): CNY 1.40000000 per ten shares for 2024. Price Target Changed • Apr 30
Price target increased by 11% to CN¥16.41 Up from CN¥14.78, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥14.53. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.82 for next year compared to CN¥0.78 last year. Reported Earnings • Apr 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.78 (up from CN¥0.59 in FY 2023). Revenue: CN¥2.92b (flat on FY 2023). Net income: CN¥1.42b (up 31% from FY 2023). Profit margin: 49% (up from 37% in FY 2023). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025 Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China Announcement • Mar 31
Giant Network Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Giant Network Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.97, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Entertainment industry in China. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.64 per share. Buy Or Sell Opportunity • Jan 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to CN¥11.81. The fair value is estimated to be CN¥9.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 7.2%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Announcement • Dec 31
Giant Network Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Giant Network Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.23 in 3Q 2023). Revenue: CN¥791.3m (down 3.9% from 3Q 2023). Net income: CN¥353.1m (down 16% from 3Q 2023). Profit margin: 45% (down from 51% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Oct 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥12.45. The fair value is estimated to be CN¥10.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Announcement • Sep 30
Giant Network Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Giant Network Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥11.81, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Entertainment industry in China. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.61 per share. Declared Dividend • Sep 22
First half dividend of CN¥0.14 announced Shareholders will receive a dividend of CN¥0.14. Ex-date: 27th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 21
Giant Network Group Co., Ltd. Announces 2024 Interim Profit Distribution Plan (A Shares), Payable September 27, 2024 Giant Network Group Co., Ltd. announced 2024 interim profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included): CNY1.40000000. Record date: 26 September 2024, Ex-date: 27 September 2024, Payment date: 27 September 2024. Announcement • Sep 20
Giant Network Group Co., Ltd. Approves Interim Dividend for the Year 2024 Giant Network Group Co., Ltd. approved at its EGM held on 18 September 2024 the interim cash dividend/10 shares (tax included) of CNY 1.40000000 for the year 2024. Announcement • Aug 31
Giant Network Group Co., Ltd. Announces Interim Dividend Distribution Proposal for the First Half of 2024 Giant Network Group Co., Ltd. announced the profit distribution proposal (interim dividend) (tax included) of CNY 1.4 per ten shares for the first half of 2024. Price Target Changed • Aug 30
Price target decreased by 8.6% to CN¥14.75 Down from CN¥16.13, the current price target is an average from 4 analysts. New target price is 54% above last closing price of CN¥9.55. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.59 last year. Reported Earnings • Aug 30
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.23 in 2Q 2023). Revenue: CN¥730.7m (down 22% from 2Q 2023). Net income: CN¥365.3m (down 13% from 2Q 2023). Profit margin: 50% (up from 45% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment 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 3% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Giant Network Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Giant Network Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.08 announced Shareholders will receive a dividend of CN¥0.08. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
Giant Network Group Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 06 June 2024 Giant Network Group Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend (tax included) of CNY 0.80000000 per 10 shares. Record date of 05 June 2024. Ex-date of 06 June 2024. Payment date on 06 June 2024. Announcement • May 02
Giant Network Group Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Giant Network Group Co., Ltd. announced on 30 April 2024 the profit distribution proposal for the year 2023 as final cash dividend per ten shares (tax included) of CNY 0.80000000. Announcement • May 01
Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024 Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥696.4m (up 37% from 1Q 2023). Net income: CN¥352.4m (up 44% from 1Q 2023). Profit margin: 51% (up from 48% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to CN¥11.07. The fair value is estimated to be CN¥8.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Price Target Changed • Apr 10
Price target decreased by 7.1% to CN¥16.13 Down from CN¥17.35, the current price target is an average from 4 analysts. New target price is 46% above last closing price of CN¥11.07. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.46 last year. Announcement • Mar 30
Giant Network Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Giant Network Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Feb 27
Now 24% overvalued Over the last 90 days, the stock has fallen 8.0% to CN¥11.17. The fair value is estimated to be CN¥9.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Entertainment industry in China. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.19 per share. Buy Or Sell Opportunity • Jan 24
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to CN¥9.93. The fair value is estimated to be CN¥8.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Announcement • Dec 29
Giant Network Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Giant Network Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥11.04, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Entertainment industry in China. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.37 per share. Announcement • Dec 27
Giant Network Group Co., Ltd. (SZSE:002558) announces an Equity Buyback for CNY 200 million worth of its shares. Giant Network Group Co., Ltd. (SZSE:002558) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 20 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Entertainment industry in China. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.44 per share. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥823.8m (up 62% from 3Q 2022). Net income: CN¥421.2m (up 52% from 3Q 2022). Profit margin: 51% (down from 54% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Entertainment 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 12% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Giant Network Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Giant Network Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Sep 21
Giant Network Group Co., Ltd. Approves Interim Profit Distribution for 2023, Payable on 27 September 2023 Giant Network Group Co., Ltd. at the Extraordinary General Meeting of 2023 on 18 September 2023 approved 2023 interim profit distribution plan. The detailed profit distribution plan are as follows: Cash dividend per 10 shares (tax included): CNY 1.30000000. Record date: 26 September 2023. Ex-date: 27 September 2023. Payment date: 27 September 2023. Announcement • Sep 01
Giant Network Group Co., Ltd. Proposes Dividend for the First Half of 2023 Giant Network Group Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY1.30000000 for the first half of 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥935.9m (up 94% from 2Q 2022). Net income: CN¥418.8m (up 84% from 2Q 2022). Profit margin: 45% (down from 47% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Entertainment industry in China. Total loss to shareholders of 19% over the past three years. Board Change • Jun 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 31
Giant Network Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 05 June 2023 Giant Network Group Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.60000000 for the year 2022, payable on 05 June 2023. Record date is 02 June 2023. Ex-date is 05 June 2023. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥20.14, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 25% over the past three years. Major Estimate Revision • May 12
Consensus revenue estimates increase by 65% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥2.33b to CN¥3.83b. EPS estimate increased from CN¥0.466 to CN¥0.915 per share. Net income forecast to grow 128% next year vs 37% growth forecast for Entertainment industry in China. Consensus price target up from CN¥7.00 to CN¥25.00. Share price was steady at CN¥16.98 over the past week. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥18.79, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Entertainment industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 1Q 2022). Revenue: CN¥507.5m (down 13% from 1Q 2022). Net income: CN¥244.8m (down 9.7% from 1Q 2022). Profit margin: 48% (up from 47% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Entertainment industry in China. Total loss to shareholders of 6.6% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥12.21, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Entertainment industry in China. Total loss to shareholders of 25% over the past three years. Price Target Changed • Nov 16
Price target decreased to CN¥7.00 Down from CN¥8.50, the current price target is provided by 1 analyst. New target price is 14% below last closing price of CN¥8.13. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.53 last year. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥508.6m (flat on 3Q 2021). Net income: CN¥276.5m (down 8.0% from 3Q 2021). Profit margin: 54% (down from 59% in 3Q 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.