Announcement • May 28
Jinan High-tech Development Co., Ltd., Annual General Meeting, Jun 17, 2026 Jinan High-tech Development Co., Ltd., Annual General Meeting, Jun 17, 2026, at 09:15 China Standard Time. Location: Building A4-4, No. 7000, Jingshi East Road, China (Shandong) Pilot Free Trade Zone, Jinan, Shandong China New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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 0.7% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Announcement • Mar 30
Jinan High-tech Development Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jinan High-tech Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Jinan High-tech Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Jinan High-tech Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.041 loss per share (vs CN¥0.021 loss in 3Q 2024) Third quarter 2025 results: CN¥0.041 loss per share (further deteriorated from CN¥0.021 loss in 3Q 2024). Revenue: CN¥63.3m (up 1.6% from 3Q 2024). Net loss: CN¥35.4m (loss widened 117% from 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
Jinan High-tech Development Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jinan High-tech Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Buy Or Sell Opportunity • Aug 14
Now 23% undervalued Over the last 90 days, the stock has risen 12% to CN¥3.19. The fair value is estimated to be CN¥4.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Earnings per share has declined by 87%. Announcement • Jun 30
Jinan High-tech Development Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Jinan High-tech Development Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 29
Jinan High-tech Development Co., Ltd., Annual General Meeting, Jun 20, 2025 Jinan High-tech Development Co., Ltd., Annual General Meeting, Jun 20, 2025, at 09:15 China Standard Time. Location: Building A4-4, No. 7000, Jingshi East Road, China (Shandong) Pilot Free Trade Zone, Jinan, Shandong China Announcement • Mar 28
Jinan High-tech Development Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Jinan High-tech Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Announcement • Dec 27
Jinan High-tech Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Jinan High-tech Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Dec 23
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 11% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥271m free cash flow). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.021 loss per share (vs CN¥0.01 loss in 3Q 2023) Third quarter 2024 results: CN¥0.021 loss per share (further deteriorated from CN¥0.01 loss in 3Q 2023). Revenue: CN¥62.2m (down 39% from 3Q 2023). Net loss: CN¥16.3m (loss widened 82% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jinan High-tech Development Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jinan High-tech Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: CN¥0.011 loss per share (vs CN¥0.045 loss in 2Q 2023) Second quarter 2024 results: CN¥0.011 loss per share (improved from CN¥0.045 loss in 2Q 2023). Revenue: CN¥151.9m (down 18% from 2Q 2023). Net loss: CN¥11.9m (loss narrowed 78% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Jinan High-tech Development Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Jinan High-tech Development Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 08
Jinan High-tech Development Co., Ltd., Annual General Meeting, Jun 26, 2024 Jinan High-tech Development Co., Ltd., Annual General Meeting, Jun 26, 2024, at 09:15 China Standard Time. Location: Room 1616, Main Office Building, No. 1577, Long'ao North Road, Shunhua Subdistrict, Jinan Area, China (Shandong) Pilot Free Trade Zone China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥2.73, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 21x in the Real Estate industry in China. Total loss to shareholders of 19% over the past three years. Announcement • Mar 30
Jinan High-tech Development Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Jinan High-tech Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥3.00, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 18x in the Real Estate industry in China. Total loss to shareholders of 8.0% over the past three years. New Risk • Feb 05
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 8.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.4% average weekly change). High level of non-cash earnings (39% accrual ratio). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥2.68, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 18x in the Real Estate industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Dec 29
Jinan High-tech Development Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Jinan High-tech Development Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥3.60, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 20x in the Real Estate industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.05 profit in 3Q 2022) Third quarter 2023 results: CN¥0.01 loss per share (down from CN¥0.05 profit in 3Q 2022). Revenue: CN¥102.7m (down 78% from 3Q 2022). Net loss: CN¥8.96m (down 121% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Sep 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.045 loss per share (vs CN¥0.18 loss in 2Q 2022) Second quarter 2023 results: CN¥0.045 loss per share (improved from CN¥0.18 loss in 2Q 2022). Revenue: CN¥185.0m (down 54% from 2Q 2022). Net loss: CN¥53.8m (loss narrowed 65% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Jinan High-tech Development Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Jinan High-tech Development Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jun 27
Jinan High-tech Development Co., Ltd. announced that it expects to receive CNY 4 billion in funding Jinan High-tech Development Co., Ltd. announced a private placement that it will receive CNY 4 billion in a round of funding on June 25, 2023. The company will issue common shares in the transaction to boost liquidity. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.16 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.01 (up from CN¥0.16 loss in 1Q 2022). Revenue: CN¥216.4m (down 33% from 1Q 2022). Net income: CN¥6.91m (up CN¥145.2m from 1Q 2022). Profit margin: 3.2% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.031 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.05 (up from CN¥0.031 loss in 3Q 2021). Revenue: CN¥471.5m (up 55% from 3Q 2021). Net income: CN¥43.1m (up CN¥70.6m from 3Q 2021). Profit margin: 9.1% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% 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 • May 02
First quarter 2022 earnings released: CN¥0.16 loss per share (vs CN¥0.08 loss in 1Q 2021) First quarter 2022 results: CN¥0.16 loss per share (down from CN¥0.08 loss in 1Q 2021). Revenue: CN¥320.8m (up 29% from 1Q 2021). Net loss: CN¥138.2m (loss widened 94% from 1Q 2021). 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. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.031 loss per share (vs CN¥0.11 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥305.0m (up 7.7% from 3Q 2020). Net loss: CN¥27.6m (loss narrowed 73% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: CN¥0.08 loss per share (vs CN¥0.01 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥229.5m (up 13% from 2Q 2020). Net loss: CN¥66.2m (loss widened CN¥55.2m from 2Q 2020). 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 9% per year, which means it is well ahead of earnings. Reported Earnings • Apr 26
Full year 2020 earnings released: CN¥0.95 loss per share (vs CN¥0.07 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.09b (down 39% from FY 2019). Net loss: CN¥825.0m (down CN¥888.1m from profit in FY 2019). Is New 90 Day High Low • Oct 31
New 90-day low: CN¥3.41 The company is down 31% from its price of CN¥4.94 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 9.0% 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¥4.93m, with earnings decreasing by CN¥1.05b from the prior year. Total revenue was CN¥1.41b over the last 12 months, down 2.2% from the prior year. Announcement • Oct 27
Jinan High-tech Development Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Jinan High-tech Development Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Sep 24
New 90-day low: CN¥3.89 The company is down 21% from its price of CN¥4.91 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 10.0% over the same period. Announcement • Jul 31
An unknown buyer acquired 5.82% stake in Jinan High-tech Development Co., Ltd. (SHSE : 600807) from Shandong Tianye Real Estate Development Group Co., Ltd. for approximately CNY 190 million. An unknown buyer acquired 5.82% stake in Jinan High-tech Development Co., Ltd. (SHSE:600807) from Shandong Tianye Real Estate Development Group Co., Ltd. for approximately CNY 190 million on April 27, 2020. Under the terms, 51.5 million shares were acquired as a part of the transaction. As a part of the transaction 16.8 million shares accounting for 1.9% stake were acquired for CNY 58.3 million, 19.9 million shares accounting for 2.25% stake were acquired for CNY 77.9 million and 14.8 million shares accounting for 1.67% stake were acquired for CNY 58 million.
An unknown buyer completed the acquisition of 5.82% stake in Jinan High-tech Development Co., Ltd. (SHSE:600807) from Shandong Tianye Real Estate Development Group Co., Ltd. on April 28, 2020. Announcement • Jul 09
Jinan High-tech Development Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Jinan High-tech Development Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 Announcement • Jun 20
Jinan High-tech Development Co., Ltd. (SHSE:600807) agreed to acquire 51% stake in Wangsheng Ecological Environment Co., Ltd. from Taizhou Jitai Business Partnership (General Partnership) for approximately CNY 270 million. Jinan High-tech Development Co., Ltd. (SHSE:600807) agreed to acquire 51% stake in Wangsheng Ecological Environment Co., Ltd. from Taizhou Jitai Business Partnership (General Partnership) for approximately CNY 270 million on June 20, 2020. The purchase price will be done in 4 installments with the first phase will 50% of the total price and will be paid within 5 working days after this agreement, second phase willbe 15% of the total price and will be paid within 10 days from the date of the issue of the vigorous ecological audit report after the end of 2020. the third-stage equity transfer price is 15% of the total price, and the date of the vigorous ecological audit report after the end of 2021 Payment within 10 days from the beginning; the fourth-stage equity transfer price is 20% of the total price. After the end of 2022, Wangsheng Ecological Audit Report will be paid within 10 days from the date of issuance. As of December 31, 2019, Wangsheng Ecological's total assets were CNY 580.32 million and net assets were CNY 209.63 million and generated operating income of CNY 298.82 million. This transaction has been reviewed and approved by the Board of Jinan High-tech Development. 
