New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 17% 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 17% 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. Announcement • Apr 22
Shanghai New Huang Pu Industrial Group Co., Ltd., Annual General Meeting, May 12, 2026 Shanghai New Huang Pu Industrial Group Co., Ltd., Annual General Meeting, May 12, 2026, at 13:30 China Standard Time. Location: 16F, East Building, No. 668, Beijing East Road, Shanghai China Announcement • Mar 30
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Dec 26
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 18, 2026 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 18, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.051 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.052 (up from CN¥0.051 in 3Q 2024). Revenue: CN¥177.7m (down 82% from 3Q 2024). Net income: CN¥35.2m (up 3.1% from 3Q 2024). Profit margin: 20% (up from 3.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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. Announcement • May 15
Shanghai New Huang Pu Industrial Group Co., Ltd., Annual General Meeting, Jun 06, 2025 Shanghai New Huang Pu Industrial Group Co., Ltd., Annual General Meeting, Jun 06, 2025, at 13:30 China Standard Time. Location: 16F, East Building, No. 668, Beijing East Road, Shanghai China Announcement • Mar 28
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Shanghai New Huang Pu Industrial 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: EPS: CN¥0.051 (vs CN¥0.014 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.014 in 3Q 2023). Revenue: CN¥959.6m (up 47% from 3Q 2023). Net income: CN¥34.2m (up 257% from 3Q 2023). Profit margin: 3.6% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥4.51, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 28x in the Real Estate industry in China. Total loss to shareholders of 7.6% over the past three years. New Risk • Jul 18
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 7.4% 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 0.6% per year over the past 5 years. 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 (7.4% average weekly change). Buy Or Sell Opportunity • Jul 11
Now 25% overvalued Over the last 90 days, the stock has fallen 10% to CN¥3.78. The fair value is estimated to be CN¥3.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 61%. Announcement • Jun 28
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • May 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥3.76, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 21x in the Real Estate industry in China. Total loss to shareholders of 34% over the past three years. Announcement • Mar 30
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥4.65, the stock trades at a trailing P/E ratio of 49.3x. Average trailing P/E is 18x in the Real Estate industry in China. Total loss to shareholders of 16% over the past three years. New Risk • Jan 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 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 Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Dec 30
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.02 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.014 (down from CN¥0.02 in 3Q 2022). Revenue: CN¥654.6m (down 40% from 3Q 2022). Net income: CN¥9.58m (down 28% from 3Q 2022). Profit margin: 1.5% (up from 1.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Jun 28
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.37, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 24x in the Real Estate industry in China. Total loss to shareholders of 4.1% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ansheng Dong was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.10, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 20x in the Real Estate industry in China. Total loss to shareholders of 23% over the past three years. Announcement • May 12
Changzhou Zhongjing Real Estate Development Co., Ltd. agreed to acquire remaining 51% stake in Changzhou New Huangpu Zhongjin Real Estate Co., Ltd. from Shanghai New Huang Pu Industrial Group Co., Ltd. (SHSE:600638) for CNY 81.6 million. Changzhou Zhongjing Real Estate Development Co., Ltd. agreed to acquire remaining 51% stake in Changzhou New Huangpu Zhongjin Real Estate Co., Ltd. from Shanghai New Huang Pu Industrial Group Co., Ltd. (SHSE:600638) for CNY 81.6 million on May 10, 2022. Upon completion, Changzhou Zhongjing Real Estate will own 100% stake in Changzhou New Huangpu Zhongjin Real Estate. The Changzhou New Huangpu Zhongjin Real Estate had CNY 3.57 billion and net assets of CNY -11.64 million, as of February 28, 2022. The transaction has been approved at the fourth extraordinary meeting of the eighth board of directors of Shanghai New Huang Pu Industrial Group. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Ansheng Dong was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.70, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 14x in the Real Estate industry in China. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥6.19, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 12x in the Real Estate industry in China. Total loss to shareholders of 30% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.013 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: CN¥656.1m (up 254% from 3Q 2020). Net income: CN¥1.15m (down 87% from 3Q 2020). Profit margin: 0.2% (down from 4.9% 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 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.045 (vs CN¥0.042 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥223.4m (down 29% from 1Q 2020). Net income: CN¥30.5m (up 9.2% from 1Q 2020). Profit margin: 14% (up from 8.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥5.84 The company is down 16% from its price of CN¥6.98 on 29 October 2020. The Chinese market is up 9.0% 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. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥6.20 The company is down 4.0% from its price of CN¥6.48 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: CN¥7.16 The company is up 10.0% from its price of CN¥6.51 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 8.0% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS CN¥0.011 The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: CN¥185.3m (flat on 3Q 2019). Net income: CN¥9.02m (up CN¥44.3m from 3Q 2019). Profit margin: 4.9% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 83% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Oct 27
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Announcement • Jul 10
Shanghai New Huang Pu Industrial Group Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Shanghai New Huang Pu Industrial Group Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020