Announcement • Jun 30
Hangzhou Onechance Tech Crop. to Report First Half, 2026 Results on Aug 29, 2026 Hangzhou Onechance Tech Crop. announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥25.38, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 24x in the Media industry in China. Total loss to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.19 per share. Buy Or Sell Opportunity • Jun 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CN¥29.90. The fair value is estimated to be CN¥38.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Cheng Gang Song was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 31
Hangzhou Onechance Tech Crop. to Report Fiscal Year 2025 Results on Mar 31, 2026 Hangzhou Onechance Tech Crop. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Hangzhou Onechance Tech Crop. to Report Q3, 2025 Results on Oct 23, 2025 Hangzhou Onechance Tech Crop. announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Jul 02
Hangzhou Onechance Tech Crop. to Report First Half, 2025 Results on Aug 29, 2025 Hangzhou Onechance Tech Crop. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 28
Hangzhou Onechance Tech Crop., Annual General Meeting, May 20, 2025 Hangzhou Onechance Tech Crop., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Hangzhou Onechance Tech Crop. to Report Q1, 2025 Results on Apr 28, 2025 Hangzhou Onechance Tech Crop. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Dec 31
Hangzhou Onechance Tech Crop. to Report Fiscal Year 2024 Results on Apr 28, 2025 Hangzhou Onechance Tech Crop. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥259.4m (down 8.8% from 3Q 2023). Net income: CN¥27.9m (up 4.6% from 3Q 2023). Profit margin: 11% (up from 9.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.01, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 68% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥339.8m (up 2.7% from 2Q 2023). Net income: CN¥37.5m (down 15% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Hangzhou Onechance Tech Crop. to Report First Half, 2024 Results on Aug 27, 2024 Hangzhou Onechance Tech Crop. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • May 18
Dividend reduced to CN¥0.14 Dividend of CN¥0.14 is 10.0% lower than last year. Ex-date: 22nd May 2024 Payment date: 22nd May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 21
Hangzhou Onechance Tech Crop., Annual General Meeting, May 10, 2024 Hangzhou Onechance Tech Crop., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.76 in FY 2022) Full year 2023 results: EPS: CN¥0.46 (down from CN¥0.76 in FY 2022). Revenue: CN¥1.29b (down 16% from FY 2022). Net income: CN¥107.9m (down 40% from FY 2022). Profit margin: 8.4% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. Announcement • Mar 30
Hangzhou Onechance Tech Crop. to Report Q1, 2024 Results on Apr 27, 2024 Hangzhou Onechance Tech Crop. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.07, 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 76% over the past three years. Announcement • Dec 29
Hangzhou Onechance Tech Crop. to Report Fiscal Year 2023 Results on Apr 20, 2024 Hangzhou Onechance Tech Crop. announced that they will report fiscal year 2023 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥23.00, 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 68% over the past three years. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.18 in 3Q 2022). Revenue: CN¥284.5m (down 26% from 3Q 2022). Net income: CN¥26.7m (down 36% from 3Q 2022). Profit margin: 9.4% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥330.8m (down 9.6% from 2Q 2022). Net income: CN¥44.4m (down 17% from 2Q 2022). Profit margin: 13% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Announcement • May 30
Hangzhou Onechance Tech Crop. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 01 June 2023 Hangzhou Onechance Tech Crop. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.50000000 for the year 2022, payable on 01 June 2023. Record date is 31 May 2023. Ex-date is 01 June 2023. Announcement • May 20
Hangzhou Onechance Tech Crop. Approves Cash Dividend for the Year 2022 Hangzhou Onechance Tech Crop. announced at annual general meeting held on May 18, 2023, the shareholders approved cash dividend of CNY 1.50000000 per ten shares (tax included) for the year 2022. Buying Opportunity • May 16
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥37.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 112% in the next 2 years. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.22 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.22 in 1Q 2022). Revenue: CN¥278.7m (up 4.6% from 1Q 2022). Net income: CN¥42.6m (down 18% from 1Q 2022). Profit margin: 15% (down from 20% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Apr 21
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CN¥38.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥36.84, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Media industry in China. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.85 per share. Buying Opportunity • Feb 27
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CN¥38.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥33.68, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Media industry in China. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.19 per share. Buying Opportunity • Jan 10
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be CN¥34.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Buying Opportunity • Dec 20
Now 23% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be CN¥36.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Deputy GM & Non-Independent Director Hualiang Lu is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥28.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Online Retail 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¥30.94 per share. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.33 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.18 (down from CN¥0.33 in 3Q 2021). Revenue: CN¥383.0m (up 58% from 3Q 2021). Net income: CN¥41.9m (down 46% from 3Q 2021). Profit margin: 11% (down from 32% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Online Retail industry in China. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥31.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Online Retail industry in China. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.25 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.22 (down from CN¥0.25 in 1Q 2021). Revenue: CN¥266.4m (up 20% from 1Q 2021). Net income: CN¥51.9m (down 2.4% from 1Q 2021). Profit margin: 20% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 55%, compared to a 33% growth forecast for the industry in China. Board Change • Apr 27
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. Non-Employee Supervisor Wenting Lu is the most experienced director on the board, commencing their role in 2022. 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 • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.25 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥242.9m (down 8.9% from 3Q 2020). Net income: CN¥77.1m (up 39% from 3Q 2020). Profit margin: 32% (up from 21% in 3Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥51.78, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Online Retail industry in Asia. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥52.87 per share. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.28 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥263.6m (down 23% from 2Q 2020). Net income: CN¥73.4m (up 20% from 2Q 2020). Profit margin: 28% (up from 18% in 2Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥50.56, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Online Retail industry in Asia. Total loss to shareholders of 52% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥85.68 per share. 
