Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Luo Chunhua 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 • Mar 31
Zhewen Interactive Group Co., Ltd., Annual General Meeting, Apr 21, 2026 Zhewen Interactive Group Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:00 China Standard Time. Location: 17F, Zhejiang Culture Building, Gongshu District, Hangzhou, Zhejiang China Announcement • Mar 30
Zhewen Interactive Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Zhewen Interactive Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Zhewen Interactive Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Zhewen Interactive Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 14
Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 07, 2025 Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: Building F1, Phase II, No. 8, Gaojing Cultural Park Road, Gaobeidian Township, Chaoyang District, Beijing China Announcement • Mar 28
Zhewen Interactive Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.02, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Media industry in China. Total returns to shareholders of 27% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.045 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.045 in 3Q 2023). Revenue: CN¥1.81b (down 28% from 3Q 2023). Net income: CN¥95.4m (up 120% from 3Q 2023). Profit margin: 5.3% (up from 1.7% in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥5.12, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Media industry in China. Total returns to shareholders of 20% over the past three years. Announcement • Sep 30
Zhewen Interactive Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.021 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.02. Revenue: CN¥1.75b (down 40% from 2Q 2023). Net income: CN¥36.8m (up 12% from 2Q 2023). Profit margin: 2.1% (up from 1.1% in 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in China. Announcement • Jun 28
Zhewen Interactive Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xiaogang Jin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 10, 2024 Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.06 in FY 2022) Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.06 in FY 2022). Revenue: CN¥10.8b (down 27% from FY 2022). Net income: CN¥192.2m (up 138% from FY 2022). Profit margin: 1.8% (up from 0.5% in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 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 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 29
Zhewen Interactive Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Jan 22
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 6.1% 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Dec 29
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.038 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.045. Revenue: CN¥2.52b (down 31% from 3Q 2022). Net income: CN¥43.4m (down 29% from 3Q 2022). Profit margin: 1.7% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.021 (vs CN¥0.021 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.021 (in line with 2Q 2022). Revenue: CN¥2.93b (down 20% from 2Q 2022). Net income: CN¥32.8m (up 14% from 2Q 2022). Profit margin: 1.1% (up from 0.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% 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 increased by 120% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (in line with 1Q 2022). Revenue: CN¥2.80b (down 32% from 1Q 2022). Net income: CN¥38.4m (up 8.4% from 1Q 2022). Profit margin: 1.4% (up from 0.9% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Media industry in China. Total returns to shareholders of 76% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 8 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: 8 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Deputy GM, Financial Director, CFO & Director Qiao Lan Wang is the most experienced director on the board, commencing their role in 2012. Independent Director Jianwen Liao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.06 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.06 in 3Q 2021). Revenue: CN¥3.63b (down 9.3% from 3Q 2021). Net income: CN¥61.1m (down 21% from 3Q 2021). Profit margin: 1.7% (down from 1.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: CN¥0.021 (vs CN¥0.058 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.021 (down from CN¥0.058 in 2Q 2021). Revenue: CN¥3.66b (down 7.8% from 2Q 2021). Net income: CN¥28.9m (down 66% from 2Q 2021). Profit margin: 0.8% (down from 2.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 10% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.04, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 47% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.04 in 1Q 2021). Revenue: CN¥4.08b (up 45% from 1Q 2021). Net income: CN¥35.4m (down 26% from 1Q 2021). Profit margin: 0.9% (down from 1.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.3%, compared to a 10% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 2 highly experienced directors. CFO & Director Qiao Lan Wang is the most experienced director on the board, commencing their role in 2012. 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 • Apr 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥5.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Media industry in China. Total returns to shareholders of 1.1% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.22 (vs CN¥0.07 in FY 2020) Full year 2021 results: EPS: CN¥0.22 (up from CN¥0.07 in FY 2020). Revenue: CN¥14.3b (up 54% from FY 2020). Net income: CN¥294.4m (up 212% from FY 2020). Profit margin: 2.1% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥7.35, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 34x in the Media industry in China. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥7.66, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 34x in the Media industry in China. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥5.36, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 29x in the Media industry in China. Total returns to shareholders of 22% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.04 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¥4.00b (up 70% from 3Q 2020). Net income: CN¥77.1m (up 66% from 3Q 2020). Profit margin: 1.9% (down from 2.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CN¥0.058 (vs CN¥0.035 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.97b (up 74% from 2Q 2020). Net income: CN¥85.5m (up 120% from 2Q 2020). Profit margin: 2.2% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% 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. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.01 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.81b (up 25% from 1Q 2020). Net income: CN¥47.8m (up 185% from 1Q 2020). Profit margin: 1.7% (up from 0.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.07 (vs CN¥1.89 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥9.26b (down 51% from FY 2019). Net income: CN¥94.4m (up CN¥2.60b from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥4.05 The company is down 20% from its price of CN¥5.08 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥4.39 The company is down 14% from its price of CN¥5.10 on 18 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥4.79 The company is down 5.0% from its price of CN¥5.06 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 6.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥2.53b, with losses widening by CN¥2.44b from the prior year. Total revenue was CN¥11.6b over the last 12 months, down 35% from the prior year.