Announcement • Jun 05
Gemdale Corporation, Annual General Meeting, Jun 26, 2026 Gemdale Corporation, Annual General Meeting, Jun 26, 2026, at 14:30 China Standard Time. Board Change • May 20
Less than half of directors are independent There are 9 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: 9 new directors. 1 experienced director. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Chairman of the Board Jiajun Xu is the most experienced director on the board, commencing their role in 2010. Independent Director Pengcheng Wu was the last independent director to join the board, commencing their role in 2024. 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. Announcement • Mar 30
Gemdale Corporation to Report Q1, 2026 Results on Apr 30, 2026 Gemdale Corporation announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Gemdale Corporation to Report Fiscal Year 2025 Results on Apr 04, 2026 Gemdale Corporation announced that they will report fiscal year 2025 results on Apr 04, 2026 Announcement • Sep 30
Gemdale Corporation to Report Q3, 2025 Results on Oct 31, 2025 Gemdale Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Gemdale Corporation to Report First Half, 2025 Results on Aug 30, 2025 Gemdale Corporation announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 09
Gemdale Corporation, Annual General Meeting, Jun 30, 2025 Gemdale Corporation, Annual General Meeting, Jun 30, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 28
Gemdale Corporation to Report Q1, 2025 Results on Apr 29, 2025 Gemdale Corporation announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Gemdale Corporation to Report Fiscal Year 2024 Results on Mar 25, 2025 Gemdale Corporation announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.011 loss per share (vs CN¥0.18 loss in 3Q 2023) Third quarter 2024 results: CN¥0.011 loss per share (improved from CN¥0.18 loss in 3Q 2023). Revenue: CN¥19.9b (up 29% from 3Q 2023). Net loss: CN¥49.3m (loss narrowed 97% from 3Q 2023). Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 2.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Gemdale Corporation to Report Q3, 2024 Results on Oct 30, 2024 Gemdale Corporation announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to CN¥4.08. The fair value is estimated to be CN¥3.37, 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. Meanwhile, the company became loss making. Revenue is forecast to decline by 34% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. New Risk • Sep 19
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 8.7% 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 (8.0% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.7% average weekly change). New Risk • Sep 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.0% 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 Risk Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.69 loss per share (vs CN¥0.23 profit in 2Q 2023) Second quarter 2024 results: CN¥0.69 loss per share (down from CN¥0.23 profit in 2Q 2023). Revenue: CN¥14.2b (down 37% from 2Q 2023). Net loss: CN¥3.08b (down 401% from profit in 2Q 2023). Revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 3.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. New Risk • Jul 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (6.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (0.1% net profit margin). Announcement • Jun 28
Gemdale Corporation to Report First Half, 2024 Results on Aug 30, 2024 Gemdale Corporation announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 01
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 8.2% 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 Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.06 loss per share (vs CN¥0.11 profit in 1Q 2023) First quarter 2024 results: CN¥0.06 loss per share (down from CN¥0.11 profit in 1Q 2023). Revenue: CN¥6.96b (down 51% from 1Q 2023). Net loss: CN¥276.0m (down 154% from profit in 1Q 2023). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Apr 02
Gemdale Corporation, Annual General Meeting, Apr 22, 2024 Gemdale Corporation, Annual General Meeting, Apr 22, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 29
Gemdale Corporation to Report Q1, 2024 Results on Apr 30, 2024 Gemdale Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CN¥0.20 (vs CN¥1.35 in FY 2022) Full year 2023 results: EPS: CN¥0.20 (down from CN¥1.35 in FY 2022). Revenue: CN¥98.1b (down 18% from FY 2022). Net income: CN¥888.1m (down 86% from FY 2022). Profit margin: 0.9% (down from 5.1% in FY 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 31% per year. 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¥4.49, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Real Estate industry in China. Total loss to shareholders of 53% over the past three years. Announcement • Dec 29
Gemdale Corporation to Report Fiscal Year 2023 Results on Mar 15, 2024 Gemdale Corporation announced that they will report fiscal year 2023 results on Mar 15, 2024 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.40, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Real Estate industry in China. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.16 per share. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥22.5b (up 53% from 2Q 2022). Net income: CN¥1.02b (down 24% from 2Q 2022). Profit margin: 4.5% (down from 9.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in China are expected to grow by 8.2%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. New Risk • Aug 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 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: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.14 in 1Q 2022). Revenue: CN¥14.4b (up 7.9% from 1Q 2022). Net income: CN¥507.8m (down 19% from 1Q 2022). Profit margin: 3.5% (down from 4.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Real Estate industry in China. 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 15% per year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥12.47, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Real Estate industry in China. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.67 per share. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.33 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.33 in 3Q 2021). Revenue: CN¥25.0b (up 28% from 3Q 2021). Net income: CN¥1.37b (down 7.6% from 3Q 2021). Profit margin: 5.5% (down from 7.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Real Estate industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥8.35, 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 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.41 per share. 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. 5 experienced directors. 7 highly experienced directors. 3 independent directors (8 non-independent directors). Senior VP, CFO & Director Chuanjun Wei was the last director to join the board, commencing their role in 2017. 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 16% share price gain to CN¥13.83, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Real Estate industry in China. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.67 per share. Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥2.10 (down from CN¥2.30 in FY 2020). Revenue: CN¥99.2b (up 19% from FY 2020). Net income: CN¥9.46b (down 9.0% from FY 2020). Profit margin: 9.5% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 20%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥12.97, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in China. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.20 per share. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.43, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Real Estate industry in China. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.20 per share. Reported Earnings • Oct 19
Third quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.45 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥19.8b (down 3.5% from 3Q 2020). Net income: CN¥1.48b (down 26% from 3Q 2020). Profit margin: 7.5% (down from 9.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.46, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Real Estate industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.62 per share. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.37 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: CN¥26.9b (up 116% from 2Q 2020). Net income: CN¥1.26b (down 25% from 2Q 2020). Profit margin: 4.7% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in China. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.58 per share. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.97, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Real Estate industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.11 per share. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥2.30 (vs CN¥2.23 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥84.0b (up 33% from FY 2019). Net income: CN¥10.4b (up 3.2% from FY 2019). Profit margin: 12% (down from 16% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥11.95 The company is down 16% from its price of CN¥14.30 on 23 October 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 down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.11 per share. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥13.26 The company is down 9.0% from its price of CN¥14.55 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 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.11 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥9.64b, up 16% from the prior year. Total revenue was CN¥61.3b over the last 12 months, up 3.1% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 65% at CN¥20.5b. Revenue is forecast to grow 47% over the next year, compared to a 36% growth forecast for the Real Estate industry in China. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥13.68 The company is down 2.0% from its price of CN¥13.91 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥142 per share. 
