Buy Or Sell Opportunity • May 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥12.09. The fair value is estimated to be CN¥15.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 30
Wangfujing Group Co., Ltd., Annual General Meeting, May 21, 2026 Wangfujing Group Co., Ltd., Annual General Meeting, May 21, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.035 loss per share (down from CN¥0.24 profit in FY 2024). Revenue: CN¥10.1b (down 11% from FY 2024). Net loss: CN¥39.9m (down 115% from profit in FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 36% 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. Announcement • Mar 30
Wangfujing Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Wangfujing Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Feb 25
Now 21% overvalued Over the last 90 days, the stock has fallen 2.4% to CN¥13.96. The fair value is estimated to be CN¥11.56, 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. Announcement • Dec 26
Wangfujing Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Wangfujing Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.038 (down from CN¥0.12 in 3Q 2024). Revenue: CN¥2.35b (down 4.7% from 3Q 2024). Net income: CN¥42.6m (down 68% from 3Q 2024). Profit margin: 1.8% (down from 5.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 41% 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. Buy Or Sell Opportunity • Oct 20
Now 21% overvalued Over the last 90 days, the stock has fallen 1.7% to CN¥14.05. The fair value is estimated to be CN¥11.63, 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 46%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 809% in the next 2 years. Announcement • Sep 30
Wangfujing Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Wangfujing Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Declared Dividend • Jul 06
Dividend reduced to CN¥0.08 Dividend of CN¥0.08 is 60% lower than last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 203% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Wangfujing Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Wangfujing Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Major Estimate Revision • May 05
Consensus EPS estimates fall by 51% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥12.3b to CN¥11.9b. EPS estimate also fell from CN¥0.638 per share to CN¥0.311 per share. Net income forecast to grow 31% next year vs 43% growth forecast for Multiline Retail industry in China. Consensus price target broadly unchanged at CN¥16.86. Share price was steady at CN¥13.91 over the past week. Reported Earnings • Apr 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.24 (down from CN¥0.63 in FY 2023). Revenue: CN¥11.4b (down 7.0% from FY 2023). Net income: CN¥268.6m (down 62% from FY 2023). Profit margin: 2.4% (down from 5.8% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Wangfujing Group Co., Ltd., Annual General Meeting, May 16, 2025 Wangfujing Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 11F, No. 253, Wangfujing Avenue, Dongcheng District, Beijing China Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.20, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 24x in the Multiline Retail industry in China. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.53 per share. Announcement • Mar 28
Wangfujing Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Wangfujing Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Wangfujing Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Wangfujing Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥12.3b to CN¥11.3b. EPS estimate also fell from CN¥0.579 per share to CN¥0.511 per share. Net income forecast to grow 48% next year vs 29% growth forecast for Multiline Retail industry in China. Consensus price target broadly unchanged at CN¥16.06. Share price rose 2.7% to CN¥15.72 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥2.46b (down 15% from 3Q 2023). Net income: CN¥133.7m (up 2.5% from 3Q 2023). Profit margin: 5.4% (up from 4.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.13, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Multiline Retail industry in China. Total loss to shareholders of 53% over the past three years. New Risk • Sep 30
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 Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Sep 30
Wangfujing Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Wangfujing Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.14, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Multiline Retail industry in China. Total loss to shareholders of 51% over the past three years. Price Target Changed • Sep 20
Price target decreased by 8.6% to CN¥16.09 Down from CN¥17.60, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CN¥12.02. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.63 last year. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥12.9b to CN¥12.7b. EPS estimate also fell from CN¥0.718 per share to CN¥0.59 per share. Net income forecast to grow 63% next year vs 28% growth forecast for Multiline Retail industry in China. Consensus price target down from CN¥17.60 to CN¥16.60. Share price was steady at CN¥12.14 over the past week. Reported Earnings • Aug 30
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.26 in 2Q 2023). Revenue: CN¥2.73b (down 9.5% from 2Q 2023). Net income: CN¥91.3m (down 69% from 2Q 2023). Profit margin: 3.3% (down from 9.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 65%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. New Risk • Aug 09
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: 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 (7.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Multiline Retail industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.66 per share. Declared Dividend • Jul 05
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 100% higher than last year. Ex-date: 10th July 2024 Payment date: 10th July 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Wangfujing Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Wangfujing Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥13.9b to CN¥13.2b. EPS estimate also fell from CN¥0.99 per share to CN¥0.774 per share. Net income forecast to grow 24% next year vs 17% growth forecast for Multiline Retail industry in China. Consensus price target down from CN¥21.40 to CN¥17.40. Share price was steady at CN¥12.90 over the past week. Announcement • Apr 21
Wangfujing Group Co., Ltd., Annual General Meeting, May 16, 2024 Wangfujing Group Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 20
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.63 (up from CN¥0.17 in FY 2022). Revenue: CN¥12.2b (up 13% from FY 2022). Net income: CN¥709.4m (up 264% from FY 2022). Profit margin: 5.8% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 27% per year. Announcement • Mar 29
Wangfujing Group Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Wangfujing Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Price Target Changed • Mar 22
Price target decreased by 17% to CN¥26.76 Down from CN¥32.09, the current price target is an average from 4 analysts. New target price is 89% above last closing price of CN¥14.14. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.17 last year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.88, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Multiline Retail industry in China. Total loss to shareholders of 61% over the past three years. Announcement • Dec 29
Wangfujing Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Wangfujing Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.029 in 3Q 2022). Revenue: CN¥2.89b (up 6.0% from 3Q 2022). Net income: CN¥130.4m (up 290% from 3Q 2022). Profit margin: 4.5% (up from 1.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Price Target Changed • Sep 04
Price target decreased by 7.4% to CN¥31.31 Down from CN¥33.80, the current price target is an average from 5 analysts. New target price is 45% above last closing price of CN¥21.53. Stock is down 6.9% over the past year. The company is forecast to post earnings per share of CN¥0.91 for next year compared to CN¥0.17 last year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.004 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.004 in 2Q 2022). Revenue: CN¥3.01b (up 24% from 2Q 2022). Net income: CN¥291.1m (up CN¥286.4m from 2Q 2022). Profit margin: 9.7% (up from 0.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
Wangfujing Group Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Wangfujing Group Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.17 (down from CN¥1.36 in FY 2021). Revenue: CN¥10.8b (down 15% from FY 2021). Net income: CN¥194.9m (down 86% from FY 2021). Profit margin: 1.8% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 57%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 03
Price target increased by 7.0% to CN¥33.80 Up from CN¥31.59, the current price target is an average from 6 analysts. New target price is 21% above last closing price of CN¥27.94. Stock is up 9.8% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥1.36 last year. Major Estimate Revision • Nov 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.85 to CN¥0.73. Revenue forecast unchanged from CN¥12.2b at last update. Net income forecast to grow 5.6% next year vs 21% growth forecast for Multiline Retail industry in China. Consensus price target of CN¥27.11 unchanged from last update. Share price rose 11% to CN¥25.35 over the past week. Price Target Changed • Nov 16
Price target decreased to CN¥27.85 Down from CN¥31.59, the current price target is an average from 3 analysts. New target price is 9.1% above last closing price of CN¥25.53. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥1.36 last year. Board Change • Nov 16
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, 2 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Zhidong Xia was the last independent director to join the board, commencing their role in 2019. 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 • Nov 04
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥26.02, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Multiline Retail industry in China. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.18 per share. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.029 (down from CN¥0.14 in 3Q 2021). Revenue: CN¥2.72b (up 17% from 3Q 2021). Net income: CN¥33.4m (down 69% from 3Q 2021). Profit margin: 1.2% (down from 4.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Price Target Changed • Sep 10
Price target decreased to CN¥27.85 Down from CN¥31.59, the current price target is an average from 5 analysts. New target price is 18% above last closing price of CN¥23.56. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥1.36 last year. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.004 (down from CN¥0.28 in 2Q 2021). Revenue: CN¥2.43b (up 10% from 2Q 2021). Net income: CN¥4.70m (down 98% from 2Q 2021). Profit margin: 0.2% (down from 9.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.2%, compared to a 124% growth forecast for the Multiline Retail industry in China. 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 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Wangfujing Group Co., Ltd. (SHSE:600859) agreed to acquire Hainan Aotelaisi Tourism Development Co., Ltd from Juyuan Xincheng (Tianjin) Investment Management Co., Ltd for CNY 160 million. Wangfujing Group Co., Ltd. (SHSE:600859) agreed to acquire Hainan Aotelaisi Tourism Development Co., Ltd from Juyuan Xincheng (Tianjin) Investment Management Co., Ltd for CNY 160 million on May 24, 2022. Wangfujing Group Co., Ltd. will pay Juyuan Xincheng (Tianjin) Investment Management Co., Ltd shareholder loan principal and interest creditor's rights to Hainan Aotelaisi Tourism Development Co., Ltd totaling CNY 776.60 million. Wangfujing Group Co., Ltd. (SHSE:600859) will sign the contract within the 5 working days. As of February 28, 2022, Hainan Aotelaisi Tourism Development Co., Ltd reported revenue of CNY 25.76 million, EBIT of CNY 11.19 million, total assets of CNY 1,403.89 million, net income of CNY 8.46 million and total common equity of CNY 124.98 million. Price Target Changed • May 09
Price target decreased to CN¥32.34 Down from CN¥36.80, the current price target is an average from 6 analysts. New target price is 52% above last closing price of CN¥21.34. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.11 for next year compared to CN¥1.36 last year. Major Estimate Revision • Apr 29
Consensus revenue estimates increase by 20% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥11.4b to CN¥13.7b. EPS estimate increased from CN¥1.10 to CN¥1.12 per share. Net income forecast to shrink 4.6% next year vs 4.6% growth forecast for Multiline Retail industry in China . Consensus price target of CN¥36.80 unchanged from last update. Share price rose 4.2% to CN¥22.88 over the past week. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.36 (up from CN¥0.35 in FY 2020). Revenue: CN¥12.8b (up 11% from FY 2020). Net income: CN¥1.34b (up 296% from FY 2020). Profit margin: 11% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Like-for-like sales growth: 8.9% vs FY 2020 Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.7%, compared to a 5.8% growth forecast for the retail industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 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. 9 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Tao Long was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Feb 28
Price target decreased to CN¥38.60 Down from CN¥46.40, the current price target is an average from 6 analysts. New target price is 48% above last closing price of CN¥26.01. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.50 last year. Announcement • Dec 13
Wangfujing Group Co., Ltd.(XSSC:600859) dropped from FTSE All-World Index (USD) Wangfujing Group Co., Ltd.(XSSC:600859) dropped from FTSE All-World Index (USD) Price Target Changed • Sep 04
Price target decreased to CN¥49.00 Down from CN¥54.24, the current price target is an average from 5 analysts. New target price is 47% above last closing price of CN¥33.30. Stock is down 33% over the past year. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥31.96, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Multiline Retail industry in China. Total returns to shareholders of 110% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.26 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.20b (up 16% from 2Q 2020). Net income: CN¥217.4m (up 5.1% from 2Q 2020). Profit margin: 9.9% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Price Target Changed • May 07
Price target decreased to CN¥54.24 Down from CN¥59.40, the current price target is an average from 6 analysts. New target price is 73% above last closing price of CN¥31.38. Stock is up 118% over the past year. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.50 (vs CN¥1.24 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥8.22b (down 69% from FY 2019). Net income: CN¥386.7m (down 60% from FY 2019). Profit margin: 4.7% (up from 3.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 04
New 90-day low: CN¥29.35 The company is down 14% from its price of CN¥34.14 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.95 per share. Price Target Changed • Feb 01
Price target raised to CN¥68.89 Up from CN¥48.57, the current price target is an average from 6 analysts. The new target price is 96% above the current share price of CN¥35.15. As of last close, the stock is up 189% over the past year. Announcement • Jan 31
Wangfujing Group Co., Ltd. (SHSE:600859) agreed to acquire Beijing Capital Retailing Group Co.,Ltd. (SHSE:600723) for CNY 6.4 billion. Wangfujing Group Co., Ltd. (SHSE:600859) agreed to acquire Beijing Capital Retailing Group Co.,Ltd. (SHSE:600723) for CNY 6.4 billion on January 28, 2021. Under the terms, Wangfujing will acquire all 658.4 million shares in Beijing Capital and will issue 200.4 million of its own shares as consideration. 0.3044 shares of Wangfujing stock can be exchanged for every 1 Beijing Capital Retailing Group Co.,Ltd´s share. Transaction is subject to approval from shareholders of Wangfujing and Beijing Capital, China Securities Regulatory Commission and State Administration for Market Regulation on the matter of concentration of undertakings (if necessary). As of January 28, 2021, transaction was approved by State-owned Assets Supervision and Administration Commission of the Beijing Municipal People’s Government. As on January 29, 2021, transaction was approved by boards of Wangfujing and Beijing Capital. China Securities acted as financial advisors for Wangfujing and Huatai United Securities acted as financial advisors for Beijing Capital. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥30.39, the stock is trading at a trailing P/E ratio of 72.4x, down from the previous P/E ratio of 87.8x. This compares to an average P/E of 30x in the Multiline Retail industry in China. Total returns to shareholders over the past three years are 46%. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥30.39 The company is down 37% from its price of CN¥48.05 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.94 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥32.90 The company is down 30% from its price of CN¥46.78 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail 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¥5.12 per share. Is New 90 Day High Low • Nov 18
New 90-day low: CN¥36.85 The company is down 35% from its price of CN¥56.68 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.48 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥326.3m, down 69% from the prior year. Total revenue was CN¥13.0b over the last 12 months, down 52% from the prior year. Announcement • Oct 29
Wangfujing Group Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Wangfujing Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 23
New 90-day low: CN¥42.10 The company is down 29% from its price of CN¥58.95 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.93 per share. Major Estimate Revision • Sep 24
Analysts update estimates The 2020 consensus revenue estimate was lowered from CN¥11.7b to CN¥10.6b. Earning per share (EPS) estimate for the same period was reaffirmed at CN¥0.61. Net income is expected to grow by 173% next year compared to 74% growth forecast for the Multiline Retail industry in China. The consensus price target increased from CN¥48.57 to CN¥67.93. Share price is up 6.1% to CN¥49.86 over the past week. Announcement • Aug 31
Wangfujing Group Co., Ltd. (SHSE:600859) intends to acquire Shaanxi Rongao Real Estate Development Co., Ltd. from Xi'an Ronghua Group Co., Ltd. Wangfujing Group Co., Ltd. (SHSE:600859) intends to acquire Shaanxi Rongao Real Estate Development Co., Ltd. from Xi'an Ronghua Group Co., Ltd. on August 27, 2020. As of April 30, 2020, Shaanxi Rongao Real Estate Development Co., Ltd. has reported total assets of CNY 550.49 million and negative owner's equity of CNY 68.29 million. The Board of Directors of Wangfujing Group Co., Ltd. has approved the transaction and its shareholders approval is not required. The transaction still needs to perform the procedures of state-owned assets evaluation and filing and to obtain the consent of Shaanxi Rongao Real Estate Development Co., Ltd.'s existing creditors. Announcement • Jul 18
Wangfujing Group Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Wangfujing Group Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020