Declared Dividend • May 23
Dividend increased to CN¥0.19 Dividend of CN¥0.19 is 25% higher than last year. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.5% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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. New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥1.44b to CN¥1.50b. EPS estimate fell from CN¥0.73 to CN¥0.615 per share. Net income forecast to grow 42% next year vs 17% growth forecast for Interactive Media and Services industry in China. Consensus price target of CN¥56.46 unchanged from last update. Share price fell 8.1% to CN¥49.60 over the past week. Announcement • Apr 24
Beijing Zhidemai Technology Co., Ltd., Annual General Meeting, May 15, 2026 Beijing Zhidemai Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 40F, Building 11, Nuode Center Phase 2, Fengtai District, Beijing China Announcement • Mar 31
Beijing Zhidemai Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Beijing Zhidemai Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Beijing Zhidemai Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Beijing Zhidemai Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 New Risk • Nov 13
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 9.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.021 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.005 (up from CN¥0.021 loss in 3Q 2024). Revenue: CN¥224.0m (down 24% from 3Q 2024). Net income: CN¥755.9k (up CN¥4.61m from 3Q 2024). Profit margin: 0.3% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Sep 30
Beijing Zhidemai Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Beijing Zhidemai Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥313.6m (down 25% from 2Q 2024). Net income: CN¥21.3m (down 30% from 2Q 2024). Profit margin: 6.8% (down from 7.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • Aug 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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. Announcement • Jul 02
Beijing Zhidemai Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Beijing Zhidemai Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jun 26
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 9.8% 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. This is currently the only risk that has been identified for the company. Declared Dividend • May 31
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 7.1% higher than last year. Ex-date: 6th June 2025 Payment date: 6th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 03
Consensus revenue estimates decrease by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥1.97b to CN¥1.69b. EPS estimate unchanged from CN¥0.63 per share at last update. Interactive Media and Services industry in China expected to see average net income growth of 17% next year. Consensus price target of CN¥37.45 unchanged from last update. Share price rose 10% to CN¥34.70 over the past week. Announcement • Apr 29
Beijing Zhidemai Technology Co., Ltd., Annual General Meeting, May 19, 2025 Beijing Zhidemai Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Announcement • Mar 31
Beijing Zhidemai Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Beijing Zhidemai Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Beijing Zhidemai Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Beijing Zhidemai Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.75, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 46x in the Interactive Media and Services industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Oct 15
Beijing Zhidemai Technology Co., Ltd. Approves Board Appointments Beijing Zhidemai Technology Co., Ltd. at its Extraordinary General Meeting held on 11 October 2024, approved election of Sui Guodong, Liu Feng, Liu Chao and Chen Yingqian as non-independent directors. Announcement • Sep 30
Beijing Zhidemai Technology Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Beijing Zhidemai Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Sep 25
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 7.7% 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 (7.7% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to CN¥21.60, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 35% over the past three years. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.73b to CN¥1.59b. EPS estimate also fell from CN¥0.615 per share to CN¥0.39 per share. Net income forecast to grow 83% next year vs 24% growth forecast for Interactive Media and Services industry in China. Consensus price target down from CN¥24.56 to CN¥18.17. Share price rose 6.2% to CN¥16.04 over the past week. Price Target Changed • Aug 29
Price target decreased by 11% to CN¥20.56 Down from CN¥23.06, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥15.51. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.54 for next year compared to CN¥0.38 last year. Announcement • May 31
Beijing Zhidemai Technology Co., Ltd. Implements 2023 Final Profit Distribution on A Shares, Payable on 06 June 2024 Beijing Zhidemai Technology Co., Ltd. announced the 2023 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included) of CNY 1.40000000. Record date: 05 June 2024. Ex-date: 06 June 2024. Payment date: 06 June 2024. New Risk • May 07
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 12% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥23.32, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 26x in the Interactive Media and Services industry in China. Total loss to shareholders of 39% over the past three years. Announcement • Apr 28
Beijing Zhidemai Technology Co., Ltd., Annual General Meeting, May 20, 2024 Beijing Zhidemai Technology Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 40F, Building 11, Nuode Center Phase 2, Fengtai District, Beijing China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider special report on the deposit and use of raised funds in 2023; to consider reappointment of 2024 audit firm; to consider cash management with idle proprietary funds; to consider other matters. Price Target Changed • Apr 27
Price target decreased by 8.3% to CN¥29.00 Down from CN¥31.62, the current price target is provided by 1 analyst. New target price is 60% above last closing price of CN¥18.15. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.38 last year. Announcement • Apr 27
Beijing Zhidemai Technology Co., Ltd. Proposes final Cash Dividend for 2023 Beijing Zhidemai Technology Co., Ltd. announced on 26 April 2024 the final profit distribution proposal for 2023: final cash dividend/10 shares (tax included) of CNY 1.40000000. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.43 in FY 2022) Full year 2023 results: EPS: CN¥0.38 (down from CN¥0.43 in FY 2022). Revenue: CN¥1.45b (up 18% from FY 2022). Net income: CN¥74.8m (down 12% from FY 2022). Profit margin: 5.2% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. 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 22% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Beijing Zhidemai Technology Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Beijing Zhidemai Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥24.28, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 29x in the Interactive Media and Services industry in China. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥17.29, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the Interactive Media and Services industry in China. Total loss to shareholders of 53% over the past three years. New Risk • Feb 05
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 8.4% 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 (8.4% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.3% net profit margin). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.02, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Interactive Media and Services industry in China. Total loss to shareholders of 57% over the past three years. Announcement • Dec 29
Beijing Zhidemai Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Beijing Zhidemai Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥26.23, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 41% over the past three years. New Risk • Dec 01
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 6.3% 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: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.52b to CN¥1.50b. EPS estimate also fell from CN¥0.828 per share to CN¥0.737 per share. Net income forecast to grow 154% next year vs 23% growth forecast for Interactive Media and Services industry in China. Consensus price target down from CN¥31.62 to CN¥30.18. Share price was steady at CN¥20.22 over the past week. Price Target Changed • Oct 26
Price target decreased by 8.1% to CN¥30.18 Down from CN¥32.85, the current price target is an average from 3 analysts. New target price is 48% above last closing price of CN¥20.45. Stock is up 0.9% over the past year. The company is forecast to post earnings per share of CN¥0.83 for next year compared to CN¥0.43 last year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥22.11, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 51% over the past three years. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.096 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.096 (down from CN¥0.20 in 2Q 2022). Revenue: CN¥423.7m (up 19% from 2Q 2022). Net income: CN¥28.9m (down 31% from 2Q 2022). Profit margin: 6.8% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% 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 21% per year whereas the company’s share price has fallen by 22% per year. Announcement • Jun 13
Beijing Zhidemai Technology Co., Ltd. Announces Cash Dividend A Shares for the Year 2022, Payable on 20 June 2023 Beijing Zhidemai Technology Co., Ltd. announced cash dividend/10 shares (A shares) (tax included) of CNY 2.00000000 for the year 2022. Record date: 19 June 2023. Ex-date: 20 June 2023. Payment date: 20 June 2023. Announcement • May 19
Beijing Zhidemai Technology Co., Ltd. Approves Cash Dividend for 2022 Beijing Zhidemai Technology Co., Ltd. at the Annual General Meeting of 2022 on 15 May 2023, approved Cash dividend per 10 shares (tax included) of CNY 2.00000000. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥51.12, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 35% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.64 (down from CN¥1.35 in FY 2021). Revenue: CN¥1.23b (down 13% from FY 2021). Net income: CN¥84.9m (down 53% from FY 2021). Profit margin: 6.9% (down from 13% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Price Target Changed • Mar 30
Price target decreased by 21% to CN¥30.00 Down from CN¥38.17, the current price target is provided by 1 analyst. New target price is 40% below last closing price of CN¥49.89. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.67 for next year compared to CN¥1.35 last year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥53.00, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥40.29, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥34.83, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 45% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent director Kai Qu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥34.33, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 37% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.042 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.042 (down from CN¥0.14 in 3Q 2021). Revenue: CN¥208.8m (down 37% from 3Q 2021). Net income: CN¥6.10m (down 68% from 3Q 2021). Profit margin: 2.9% (down from 5.7% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% 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 fallen by 24% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥29.09, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 51% over the past three years. Price Target Changed • Oct 21
Price target decreased to CN¥34.17 Down from CN¥38.17, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥32.98. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥1.29 for next year compared to CN¥1.35 last year. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥33.53, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥29.98, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 29% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.45 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.45 in 2Q 2021). Revenue: CN¥355.9m (down 10% from 2Q 2021). Net income: CN¥42.0m (down 29% from 2Q 2021). Profit margin: 12% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 40%, compared to a 11% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • May 27
Beijing Zhidemai Technology Co., Ltd. Announces Cash Dividend A Shares for the Year 2021, Payable on 31 May 2022 Beijing Zhidemai Technology Co., Ltd. announced cash dividend/10 shares (A shares) (tax included) of CNY 7.00000000 for the year 2021. Record date: 30 May 2022. Ex-date: 31 May 2022. Payment date: 31 May 2022. Announcement • May 20
Beijing Zhidemai Technology Co., Ltd. Approves Cash Dividend for the Year 2021 Beijing Zhidemai Technology Co., Ltd. announced that at its Annual General Meeting held on 18 May 2022, approved cash dividend/10 shares (tax included) of CNY 7.00000000 for the year 2021. Major Estimate Revision • May 03
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.83b to CN¥1.79b. EPS estimate also fell from CN¥2.83 per share to CN¥2.26 per share. Net income forecast to grow 67% next year vs 21% growth forecast for Interactive Media and Services industry in China. Consensus price target down from CN¥94.93 to CN¥72.67. Share price rose 14% to CN¥43.04 over the past week. Price Target Changed • Apr 29
Price target decreased to CN¥72.67 Down from CN¥94.93, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥43.04. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥2.76 for next year compared to CN¥2.03 last year. Announcement • Apr 28
Beijing Zhidemai Technology Co., Ltd. Proposes Profit Distribution for 2021 Beijing Zhidemai Technology Co., Ltd. announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 7.00000000. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.25 loss per share (down from CN¥0.29 profit in 1Q 2021). Revenue: CN¥250.6m (up 6.6% from 1Q 2021). Net loss: CN¥21.8m (down 184% from profit in 1Q 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 37%, compared to a 13% growth forecast for the industry in China. Board Change • Apr 27
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. 3 experienced directors. No highly experienced directors. CTO & Director Feng Liu is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥2.03 (up from CN¥1.95 in FY 2020). Revenue: CN¥1.40b (up 54% from FY 2020). Net income: CN¥179.5m (up 14% from FY 2020). Profit margin: 13% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 31%, compared to a 14% growth forecast for the industry in China. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.21 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¥333.2m (up 83% from 3Q 2020). Net income: CN¥19.0m (up 15% from 3Q 2020). Profit margin: 5.7% (down from 9.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥88.94, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 37x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 23% over the past year. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.67 (vs CN¥0.61 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥396.7m (up 68% from 2Q 2020). Net income: CN¥58.9m (up 19% from 2Q 2020). Profit margin: 15% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Aug 25
Price target decreased to CN¥98.98 Down from CN¥107, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥79.90. Stock is down 27% over the past year. Announcement • May 27
Beijing Zhidemai Technology Co., Ltd. Announces Cash Dividend for the Year 2020, Payable on June 1, 2021 Beijing Zhidemai Technology Co., Ltd. announced cash dividend per 10 shares (tax included) of CNY 4.50000000 for the year 2020, payable on June 1, 2021. Record date is May 31, 2021 and ex-date is June 1, 2021. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 31% share price gain to CN¥114, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 34x in the Interactive Media and Services industry in Asia. Total loss to shareholders of 4.7% over the past year. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.24 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥235.2m (up 86% from 1Q 2020). Net income: CN¥25.9m (up 36% from 1Q 2020). Profit margin: 11% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Announcement • Apr 29
Beijing Zhidemai Technology Co., Ltd. Announces Final Profit Distribution Proposal for 2020 Beijing Zhidemai Technology Co., Ltd. announced final profit distribution proposal of CNY 4.50000000 per 10 shares (tax included) for 2020. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 19%, compared to a 25% growth forecast for the Interactive Media and Services industry in China. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.93 (vs CN¥1.75 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥909.7m (up 37% from FY 2019). Net income: CN¥155.2m (up 30% from FY 2019). Profit margin: 17% (in line with FY 2019). Is New 90 Day High Low • Jan 13
New 90-day low: CN¥79.45 The company is down 29% from its price of CN¥112 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.43 per share. Price Target Changed • Jan 06
Price target lowered to CN¥126 Down from CN¥147, the current price target is an average from 5 analysts. The new target price is 44% above the current share price of CN¥87.94. As of last close, the stock is down 11% over the past year. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥88.49 The company is down 21% from its price of CN¥113 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.45 per share. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥102 The company is down 10.0% from its price of CN¥114 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.99 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥142.4m, up 19% from the prior year. Total revenue was CN¥802.1m over the last 12 months, up 31% from the prior year. 
