New Risk • Jun 25
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 11% 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 (11% average weekly change). Earnings have declined by 45% per year over the past 5 years. Announcement • Jun 05
Vantone Neo Development Group Co., Ltd., Annual General Meeting, Jun 26, 2026 Vantone Neo Development Group Co., Ltd., Annual General Meeting, Jun 26, 2026, at 15:00 China Standard Time. New Risk • May 19
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 8.5% 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 Earnings have declined by 45% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Apr 30
Full year 2025 earnings released: CN¥0.35 loss per share (vs CN¥0.24 loss in FY 2024) Full year 2025 results: CN¥0.35 loss per share (further deteriorated from CN¥0.24 loss in FY 2024). Revenue: CN¥463.3m (down 6.4% from FY 2024). Net loss: CN¥654.8m (loss widened 43% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 09
Now 20% overvalued Over the last 90 days, the stock has fallen 26% to CN¥9.50. The fair value is estimated to be CN¥7.90, however this is not to be taken as a sell 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 12%. Announcement • Mar 30
Vantone Neo Development Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Vantone Neo Development Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Vantone Neo Development Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Vantone Neo Development Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.02 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.004 (up from CN¥0.02 loss in 3Q 2024). Revenue: CN¥130.3m (up 35% from 3Q 2024). Net income: CN¥8.24m (up CN¥45.1m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 30
Vantone Neo Development Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Vantone Neo Development Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% 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: Major Risk Earnings have declined by 61% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Jun 30
Vantone Neo Development Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Vantone Neo Development Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • May 23
Vantone Neo Development Group Co., Ltd., Annual General Meeting, Jun 13, 2025 Vantone Neo Development Group Co., Ltd., Annual General Meeting, Jun 13, 2025, at 14:30 China Standard Time. Location: 4F, Block D, Jia No. 6, Chaowai Avenue, Chaoyang District, Beijing China Reported Earnings • May 05
Full year 2024 earnings released: CN¥0.24 loss per share (vs CN¥0.21 loss in FY 2023) Full year 2024 results: CN¥0.24 loss per share (further deteriorated from CN¥0.21 loss in FY 2023). Revenue: CN¥494.9m (up 1.6% from FY 2023). Net loss: CN¥457.0m (loss widened 17% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 28
Vantone Neo Development Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Vantone Neo Development Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 09
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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 63% per year over the past 5 years. Announcement • Dec 27
Vantone Neo Development Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Vantone Neo Development Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.039 loss in 3Q 2023) Third quarter 2024 results: CN¥0.02 loss per share (improved from CN¥0.039 loss in 3Q 2023). Revenue: CN¥96.6m (down 8.9% from 3Q 2023). Net loss: CN¥36.9m (loss narrowed 49% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Sep 30
Vantone Neo Development Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Vantone Neo Development Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.008 loss per share (vs CN¥0.037 loss in 2Q 2023) Second quarter 2024 results: CN¥0.008 loss per share (improved from CN¥0.037 loss in 2Q 2023). Revenue: CN¥158.9m (up 24% from 2Q 2023). Net loss: CN¥15.3m (loss narrowed 78% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Jul 08
New major risk - Revenue and earnings growth Earnings have declined by 59% 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 59% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Announcement • Jun 28
Vantone Neo Development Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Vantone Neo Development Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • May 04
First quarter 2024 earnings released: CN¥0.034 loss per share (vs CN¥0.014 loss in 1Q 2023) First quarter 2024 results: CN¥0.034 loss per share (further deteriorated from CN¥0.014 loss in 1Q 2023). Revenue: CN¥76.2m (down 40% from 1Q 2023). Net loss: CN¥63.8m (loss widened 135% from 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 03
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: CN¥0.21 loss per share (further deteriorated from CN¥0.17 loss in FY 2022). Revenue: CN¥487.2m (up 15% from FY 2022). Net loss: CN¥390.1m (loss widened 21% from FY 2022). Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Vantone Neo Development Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Vantone Neo Development Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% 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: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Announcement • Dec 29
Vantone Neo Development Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Vantone Neo Development Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Board Change • Dec 12
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 Chengyu Xiong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Vantone Neo Development Group Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Vantone Neo Development Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Announcement • Sep 14
Dingyun Investment Development (Hainan) Co., Ltd. cancelled the acquisition of a 5.2% stake in Vantone Neo Development Group Co., Ltd. (SHSE : 600246) from Jiahua Dongfang Holdings (Group) Co., Ltd. Dingyun Investment Development (Hainan) Co., Ltd. agreed to acquire a 5.2% stake in Vantone Neo Development Group Co., Ltd. (SHSE : 600246) from Jiahua Dongfang Holdings (Group) Co., Ltd. for approximately CNY 510 million on May 30, 2023. Under the terms, CNY 105.2 million shares will be acquire at a price of CNY 4.81 per share in cash.
Dingyun Investment Development (Hainan) Co., Ltd. cancelled the acquisition of a 5.2% stake in Vantone Neo Development Group Co., Ltd. (SHSE : 600246) from Jiahua Dongfang Holdings (Group) Co., Ltd. on September 12, 2023. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.037 loss per share (vs CN¥0.068 loss in 2Q 2022) Second quarter 2023 results: CN¥0.037 loss per share (improved from CN¥0.068 loss in 2Q 2022). Revenue: CN¥128.4m (up 82% from 2Q 2022). Net loss: CN¥69.3m (loss narrowed 46% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Vantone Neo Development Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Vantone Neo Development Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Board Change • Jan 10
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 Chengyu Xiong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.046 loss per share (vs CN¥0.087 loss in 3Q 2021) Third quarter 2022 results: CN¥0.046 loss per share (improved from CN¥0.087 loss in 3Q 2021). Revenue: CN¥121.6m (down 38% from 3Q 2021). Net loss: CN¥85.5m (loss narrowed 49% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Second quarter 2022 earnings released: CN¥0.068 loss per share (vs CN¥0.23 profit in 2Q 2021) Second quarter 2022 results: CN¥0.068 loss per share (down from CN¥0.23 profit in 2Q 2021). Revenue: CN¥70.8m (down 62% from 2Q 2021). Net loss: CN¥128.1m (down 128% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • Apr 27
Vantone Neo Development Group Co.,Ltd. (SHSE:600246) announces an Equity Buyback for CNY 800 million worth of its shares. Vantone Neo Development Group Co.,Ltd. (SHSE:600246) announces a share repurchase program. Under the program, the company will repurchase up to CNY 800 million worth of its shares. The shares will be repurchased at a price of not more than CNY 13.88 per share. The purpose of the program is to maintain the company's value and shareholders' rights and interests. The source of funds for the repurchase of shares is the company's own funds. The program will be valid for 3 months from date of approval by the board. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.019 loss per share (down from CN¥0.013 loss in 1Q 2021). Revenue: CN¥66.0m (down 76% from 1Q 2021). Net loss: CN¥37.0m (loss widened 49% from 1Q 2021). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.095 (up from CN¥0.025 in FY 2020). Revenue: CN¥813.3m (down 40% from FY 2020). Net income: CN¥184.8m (up 263% from FY 2020). Profit margin: 23% (up from 3.7% in FY 2020). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 93%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Jan 13
Vantone Neo Development Group Co.,Ltd. (SHSE:600246) announces an Equity Buyback for CNY 300 million worth of its shares. Vantone Neo Development Group Co.,Ltd. (SHSE:600246) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price of not more than CNY 15.16 per share. The shares purchased will be used for the company's equity incentives or employee stock ownership plans. The program will be valid for 12 months from date of approval by the board. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥11.00, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 13x in the Real Estate industry in China. Total returns to shareholders of 191% over the past three years. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.003 in 2Q 2020) Second quarter 2021 results: Revenue: CN¥187.5m (down 45% from 2Q 2020). Net income: CN¥460.2m (up CN¥453.4m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jun 08
An unknown buyer singed an equity transfer agreement to acquire 60% stake in Beijing Wanzhi Real Estate Development Co., Ltd. from Beijing Vantone Real Estate Co., Ltd. (SHSE:600246) for CNY 630 million. An unknown buyer singed an equity transfer agreement to acquire 60% stake in Beijing Wanzhi Real Estate Development Co., Ltd. from Beijing Vantone Real Estate Co., Ltd. (SHSE:600246) for CNY 630 million on June 6, 2021. As on March 31, 2021, Beijing Wanzhi Real Estate Development Co., Ltd. reported total assets of CNY 187.9 million, Net assets of CNY 167.6 million, EBIT of CNY 7.7 million and net income of CNY 1.1 million. Transaction is approved by the Board of Beijing Vantone Real Estate Co., Ltd. Reported Earnings • May 04
First quarter 2021 earnings released: CN¥0.013 loss per share (vs CN¥0.001 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥271.4m (up 24% from 1Q 2020). Net loss: CN¥24.8m (down CN¥26.9m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS CN¥0.025 (vs CN¥0.29 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.36b (up 24% from FY 2019). Net income: CN¥50.9m (down 92% from FY 2019). Profit margin: 3.7% (down from 55% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥6.48 The company is down 3.0% from its price of CN¥6.69 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 6.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥410.7m, up 77% from the prior year. Total revenue was CN¥1.42b over the last 12 months, down 8.2% from the prior year. Announcement • Oct 29
Beijing Vantone Real Estate Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Beijing Vantone Real Estate Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Valuation Update With 7 Day Price Move • Oct 27
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥6.72, the stock is trading at a trailing P/E ratio of 34.9x, down from the previous P/E ratio of 42.1x. This compares to an average P/E of 18x in the Real Estate industry in China. Total returns to shareholders over the past three years are 60%. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥7.59 The company is down 13% from its price of CN¥8.72 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 6.0% over the same period. Announcement • Jul 17
Beijing Vantone Real Estate Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Beijing Vantone Real Estate Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 