Announcement • Apr 27
Tande Co., Ltd., Annual General Meeting, May 26, 2026 Tande Co., Ltd., Annual General Meeting, May 26, 2026, at 14:30 China Standard Time. Location: 20F, No. 33, Keji Road, High-tech Zone, Xi'an, Shaanxi China Reported Earnings • Apr 27
Full year 2025 earnings released: CN¥1.51 loss per share (vs CN¥1.18 loss in FY 2024) Full year 2025 results: CN¥1.51 loss per share (further deteriorated from CN¥1.18 loss in FY 2024). Revenue: CN¥6.10b (down 43% from FY 2024). Net loss: CN¥1.30b (loss widened 28% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Tande Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Tande Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings have declined by 67% 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 Risks Debt is not well covered by operating cash flow (3.4% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Announcement • Dec 26
Tande Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Tande Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.15 profit in 3Q 2024) Third quarter 2025 results: CN¥0.11 loss per share (down from CN¥0.15 profit in 3Q 2024). Revenue: CN¥416.0m (down 25% from 3Q 2024). Net loss: CN¥95.2m (down 174% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Tande Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Tande Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jun 30
Tande Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Tande Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • May 11
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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 39% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Apr 30
Tande Co., Ltd., Annual General Meeting, May 30, 2025 Tande Co., Ltd., Annual General Meeting, May 30, 2025, at 14:30 China Standard Time. Location: 20F, No. 33, Keji Road, High-tech Zone, Xi'an, Shaanxi China Announcement • Mar 28
Tande Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Tande Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Tande Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Tande Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.029 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.029 loss in 3Q 2023). Revenue: CN¥554.7m (up 49% from 3Q 2023). Net income: CN¥129.0m (up CN¥153.5m from 3Q 2023). Profit margin: 23% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Tande Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Tande Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 New Risk • Sep 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 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: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 33% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.061 (vs CN¥0.014 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.061 (up from CN¥0.014 in 2Q 2023). Revenue: CN¥1.69b (up 2.5% from 2Q 2023). Net income: CN¥52.3m (up 319% from 2Q 2023). Profit margin: 3.1% (up from 0.8% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Jul 11
New major risk - Revenue and earnings growth Earnings have declined by 26% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk High level of debt (173% net debt to equity). Announcement • Jun 28
Tande Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Tande Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 01
Tande Co., Ltd., Annual General Meeting, May 22, 2024 Tande Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: 20F, No. 33, Keji Road, High-tech Zone, Xi'an, Shaanxi China Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.094 loss per share (vs CN¥0.018 profit in 1Q 2023) First quarter 2024 results: CN¥0.094 loss per share (down from CN¥0.018 profit in 1Q 2023). Revenue: CN¥350.4m (down 89% from 1Q 2023). Net loss: CN¥80.9m (down CN¥96.7m from profit in 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 61% 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. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥2.17, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Real Estate industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 29
Tande Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Tande Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥2.62, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Real Estate industry in China. Total loss to shareholders of 5.1% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥3.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Real Estate industry in China. Total returns to shareholders of 49% over the past three years. Announcement • Dec 29
Tande Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Tande Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: CN¥0.029 loss per share (vs CN¥0.068 profit in 3Q 2022) Third quarter 2023 results: CN¥0.029 loss per share (down from CN¥0.068 profit in 3Q 2022). Revenue: CN¥373.4m (down 55% from 3Q 2022). Net loss: CN¥24.5m (down 142% from profit in 3Q 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.041 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.014 (down from CN¥0.041 in 2Q 2022). Revenue: CN¥1.65b (down 40% from 2Q 2022). Net income: CN¥12.5m (down 65% from 2Q 2022). Profit margin: 0.8% (down from 1.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Aug 26
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Naiding Yang was the last independent 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: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.36, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 23x in the Real Estate industry in China. Total returns to shareholders of 36% over the past three years. Announcement • Jun 28
Tande Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Tande Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.10, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 22x in the Real Estate industry in China. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥4.40, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 22x in the Real Estate industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.44 in FY 2021) Full year 2022 results: EPS: CN¥0.40 (down from CN¥0.44 in FY 2021). Revenue: CN¥10.6b (up 52% from FY 2021). Net income: CN¥342.7m (down 9.1% from FY 2021). Profit margin: 3.2% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jan 12
Tande Co., Ltd. announced that it expects to receive CNY 1.25 billion in funding Tande Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 1,250,000,000 on January 11, 2023. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥3.52, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Real Estate industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.02 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.068 (up from CN¥0.02 in 3Q 2021). Revenue: CN¥823.7m (up 2.5% from 3Q 2021). Net income: CN¥59.0m (up 245% from 3Q 2021). Profit margin: 7.2% (up from 2.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.041 (vs CN¥0.35 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.041 (down from CN¥0.35 in 2Q 2021). Revenue: CN¥2.74b (up 12% from 2Q 2021). Net income: CN¥35.8m (down 88% from 2Q 2021). Profit margin: 1.3% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥3.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Jul 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥3.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years, while earnings per share has been flat. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.031 loss per share (vs CN¥0.04 loss in 1Q 2021) First quarter 2022 results: CN¥0.031 loss per share (up from CN¥0.04 loss in 1Q 2021). Revenue: CN¥361.1m (up 5.7% from 1Q 2021). Net loss: CN¥26.9m (loss narrowed 22% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: CN¥0.44 (vs CN¥0.38 in FY 2020) Full year 2021 results: EPS: CN¥0.44 (up from CN¥0.38 in FY 2020). Revenue: CN¥6.94b (up 31% from FY 2020). Net income: CN¥376.8m (up 15% from FY 2020). Profit margin: 5.4% (down from 6.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥4.99, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 17x in the Real Estate industry in China. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥3.85, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 14x in the Real Estate industry in China. Total returns to shareholders of 3.8% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥3.75, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 13x in the Real Estate industry in China. Total returns to shareholders of 6.7% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥3.42, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 13x in the Real Estate industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.20, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 13x in the Real Estate industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.031 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.46b (up 427% from 2Q 2020). Net income: CN¥303.6m (up CN¥276.8m from 2Q 2020). Profit margin: 12% (up from 5.7% 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 6% per year and the company’s share price has also fallen by 6% per year. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.04 loss per share (vs CN¥0.044 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: CN¥341.7m (down 31% from 1Q 2020). Net loss: CN¥34.7m (down 192% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥2.90 The company is down 15% from its price of CN¥3.43 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day low: CN¥3.12 The company is down 12% from its price of CN¥3.55 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥3.33 The company is down 11% from its price of CN¥3.74 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥3.47 The company is down 3.0% from its price of CN¥3.56 on 31 July 2020. The Chinese market is also down 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is down 9.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥307.2m, down 3.4% from the prior year. Total revenue was CN¥4.66b over the last 12 months, up 24% from the prior year. Announcement • Jul 10
Tande Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Tande Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020