New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Apr 24
Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2026 Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: 15F, Building 1, Yard No. 17, Guangqu Road, Chaoyang District, Beijing China Announcement • Mar 31
Mega-info Media Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Mega-info Media Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Mar 03
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 7.6% 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 (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Announcement • Dec 31
Mega-info Media Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Mega-info Media Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.065 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.03 (down from CN¥0.065 in 3Q 2024). Revenue: CN¥147.0m (down 20% from 3Q 2024). Net income: CN¥12.1m (down 54% from 3Q 2024). Profit margin: 8.2% (down from 14% in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Mega-info Media Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Mega-info Media Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Announcement • Sep 09
Mega-Info Media Co.,Ltd. Approves Directorate Changes Mega-info Media Co.,Ltd. approved Election of independent directors, cumulative voting system applicable: Chen Wenming, independent director, Wang Jianxin, independent director, Gao Yubin, independent director. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.001 (vs CN¥0.006 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.001 (down from CN¥0.006 in 2Q 2024). Revenue: CN¥128.8m (down 10% from 2Q 2024). Net income: CN¥518.4k (down 79% from 2Q 2024). Profit margin: 0.4% (down from 1.7% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 25
Price target increased by 10% to CN¥13.18 Up from CN¥11.93, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of CN¥12.10. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥0.25 for next year compared to CN¥0.19 last year. Announcement • Jul 02
Mega-info Media Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Mega-info Media Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 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. 6 experienced directors. 4 highly experienced directors. GM & Non-Independent Director James Feng was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 20
Mega-info Media Co.,Ltd. (SZSE:301102) announces an Equity Buyback for CNY 200 million worth of its shares. Mega-info Media Co.,Ltd. (SZSE:301102) announces a share repurchase program. Under the program, the company will repurchase shares for a total value of CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 14.80 per share. The shares repurchased will be used for employee stock ownership plans or equity incentives. The company will use its own funds to repurchase its shares. The program will be valid for a period of 12 months. New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.8% net profit margin). Announcement • Apr 25
Mega-info Media Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Mega-info Media Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.095 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.095 in 1Q 2024). Revenue: CN¥163.9m (down 7.6% from 1Q 2024). Net income: CN¥20.9m (down 46% from 1Q 2024). Profit margin: 13% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2025 Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time. Location: 15F, Building 1, Yard No. 17, Guangqu Road, Chaoyang District, Beijing China New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% 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 (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.54, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Media industry in China. Total loss to shareholders of 35% over the past three years. Announcement • Mar 31
Mega-info Media Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Mega-info Media Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.63, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Media industry in China. Total loss to shareholders of 1.1% over the past year. Announcement • Dec 31
Mega-info Media Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Mega-info Media Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥11.79, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Media industry in China. Total loss to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.11, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Media industry in China. Total loss to shareholders of 5.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.87 per share. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥12.79, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Media industry in China. Total loss to shareholders of 9.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.39 per share. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.315 to CN¥0.26. Revenue forecast unchanged from CN¥691.6m at last update. Net income forecast to grow 90% next year vs 21% growth forecast for Media industry in China. Consensus price target up from CN¥8.70 to CN¥10.26. Share price fell 7.4% to CN¥9.76 over the past week. New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.065 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥184.0m (up 3.3% from 3Q 2023). Net income: CN¥26.3m (down 49% from 3Q 2023). Profit margin: 14% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Media industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥9.67, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 29% over the past year. Announcement • Sep 30
Mega-info Media Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Mega-info Media Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.99, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 37% over the past year. New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.015 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.014 (down from CN¥0.015 in 2Q 2023). Revenue: CN¥143.6m (up 38% from 2Q 2023). Net income: CN¥2.48m (down 58% from 2Q 2023). Profit margin: 1.7% (down from 5.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in China. Announcement • Jul 20
366 Mobile Internet Technology Co., Ltd. completed the acquisition of 75% stake in Mega-info Media Co.,Ltd. (SZSE:301102) from Luenmei Quantum Co.,Ltd (SHSE:600167) and Shenyang Huaxin Luenmei Asset Management Co., Ltd. for CNY 2.3 billion. 366 Mobile Internet Technology Co., Ltd. signed Share Transfer Agreement to acquire 75% stake in Mega-info Media Co.,Ltd. (SZSE:301102) from Luenmei Quantum Co.,Ltd (SHSE:600167) and Shenyang Huaxin Luenmei Asset Management Co., Ltd. for CNY 2.3 billion on May 27, 2024. A cash consideration of CNY 2.29 billion will be paid by 366 Mobile Internet Technology Co., Ltd. As part of consideration, CNY 2.29 billion is paid towards common equity of Mega-info Media Co.,Ltd.
366 Mobile Internet Technology Co., Ltd. completed the acquisition of 75% stake in Mega-info Media Co.,Ltd. (SZSE:301102) from Luenmei Quantum Co.,Ltd (SHSE:600167) and Shenyang Huaxin Luenmei Asset Management Co., Ltd. on July 18, 2024. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to CN¥7.84, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Media industry in China. Total loss to shareholders of 67% over the past year. Announcement • Jun 29
Mega-info Media Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Mega-info Media Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • May 26
Mega-info Media Co.,Ltd. Approves Cash Dividend for 2023 Mega-info Media Co.,Ltd. at its Annual General Meeting of 2023 on 23 May 2024 approved Cash dividend/10 shares (tax included): CNY 1.40000000 for 2023. Announcement • Apr 24
Mega-info Media Co.,Ltd., Annual General Meeting, May 23, 2024 Mega-info Media Co.,Ltd., Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: 15F, Building 1, Yard No. 17, Guangqu Road, Chaoyang District, Beijing China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.22 in 1Q 2023). Revenue: CN¥177.3m (up 18% from 1Q 2023). Net income: CN¥38.4m (down 39% from 1Q 2023). Profit margin: 22% (down from 42% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media industry in China. New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings have declined by 2.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥11.69, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 55% over the past year. Announcement • Mar 30
Mega-info Media Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Mega-info Media Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 New Risk • Feb 05
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 6.7% 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 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 (6.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥13.33, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.58 per share. Announcement • Dec 29
Mega-info Media Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Mega-info Media Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Price Target Changed • Dec 21
Price target decreased by 12% to CN¥23.53 Down from CN¥26.76, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥20.54. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of CN¥0.64 for next year compared to CN¥0.71 last year. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.733 to CN¥0.645 per share. Revenue forecast steady at CN¥653.3m. Net income forecast to grow 55% next year vs 35% growth forecast for Media industry in China. Consensus price target down from CN¥26.76 to CN¥26.07. Share price rose 4.1% to CN¥18.83 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.22 in 3Q 2022). Revenue: CN¥178.1m (up 15% from 3Q 2022). Net income: CN¥51.6m (down 18% from 3Q 2022). Profit margin: 29% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.026 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.026 in 2Q 2022). Revenue: CN¥104.1m (up 8.5% from 2Q 2022). Net income: CN¥5.92m (down 22% from 2Q 2022). Profit margin: 5.7% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Price Target Changed • Aug 29
Price target decreased by 7.0% to CN¥29.22 Down from CN¥31.42, the current price target is an average from 3 analysts. New target price is 34% above last closing price of CN¥21.88. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.71 last year. Major Estimate Revision • Aug 28
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥801.9m to CN¥666.0m. EPS estimate unchanged from CN¥0.95 per share at last update. Media industry in China expected to see average net income growth of 30% next year. Consensus price target of CN¥31.42 unchanged from last update. Share price rose 2.1% to CN¥22.50 over the past week. New Risk • Jul 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 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Short dividend paying track record (1 year of continuous dividend payments). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥23.71, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Media industry in China. Total loss to shareholders of 3.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.95 per share. Upcoming Dividend • Jun 24
Upcoming dividend of CN¥0.20 per share at 0.5% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥43.22, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Media industry in China. Total returns to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.08 per share. Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.40 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.32. Revenue: CN¥151.0m (down 9.9% from 1Q 2022). Net income: CN¥63.0m (up 5.2% from 1Q 2022). Profit margin: 42% (up from 36% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Media industry in China. Price Target Changed • Apr 14
Price target increased by 13% to CN¥44.08 Up from CN¥39.04, the current price target is an average from 3 analysts. New target price is 17% above last closing price of CN¥37.80. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.07 for next year compared to CN¥1.60 last year. Board Change • Dec 31
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. No experienced directors. 4 highly experienced directors. Non-Independent Chairman Zhuangqiang Su is the most experienced director on the board, commencing their role in 2009. 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 • Nov 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥32.77, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Media industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.69 per share. Major Estimate Revision • Nov 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥785.7m to CN¥631.0m. EPS estimate unchanged from CN¥1.47 per share at last update. Media industry in China expected to see average net income growth of 42% next year. Consensus price target of CN¥39.04 unchanged from last update. Share price rose 12% to CN¥27.70 over the past week. Reported Earnings • Oct 26
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.31. Net income: CN¥62.9m (up CN¥62.9m from 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.35 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.35 in 2Q 2021). Revenue: CN¥95.9m (down 23% from 2Q 2021). Net income: CN¥7.60m (down 85% from 2Q 2021). Profit margin: 7.9% (down from 42% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 43%, compared to a 14% growth forecast for the Media industry in China. Announcement • Jul 07
Mega-Info Media Co.,Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on July 14, 2022 Mega-info Media Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.50000000 on A shares for the year 2021. Record date is July 13, 2022. Ex-date is July 14, 2022. Payment date is July 14, 2022. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥37.17, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Media industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥69.05 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥31.95, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Media industry in China. Announcement • Apr 28
Mega-Info Media Co.,Ltd. Proposes Profit Distribution for 2021 Mega-info Media Co.,Ltd. announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 2.50000000.