Announcement • Jun 30
Baida Group Co.,Ltd to Report First Half, 2026 Results on Aug 15, 2026 Baida Group Co.,Ltd announced that they will report first half, 2026 results on Aug 15, 2026 Announcement • May 12
Baida Group Co.,Ltd, Annual General Meeting, Jun 01, 2026 Baida Group Co.,Ltd, Annual General Meeting, Jun 01, 2026, at 14:00 China Standard Time. Location: 34F, Building 2, No. 22, Nanyuan Street, Linping District, Hangzhou, Zhejiang China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.35 in FY 2024) Full year 2025 results: EPS: CN¥0.03 (down from CN¥0.35 in FY 2024). Revenue: CN¥207.0m (up 6.5% from FY 2024). Net income: CN¥9.96m (down 93% from FY 2024). Profit margin: 4.8% (down from 68% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Mar 30
Baida Group Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Baida Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Baida Group Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Baida Group Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 New Risk • Dec 17
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 7.2% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 284% Cash payout ratio: 261% Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.079 loss per share (vs CN¥0.21 profit in 3Q 2024) Third quarter 2025 results: CN¥0.079 loss per share (down from CN¥0.21 profit in 3Q 2024). Revenue: CN¥40.7m (up 8.1% from 3Q 2024). Net loss: CN¥33.9m (down 143% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Baida Group Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Baida Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (208% cash payout ratio). Large one-off items impacting financial results. Announcement • Jun 30
Baida Group Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Baida Group Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.036 in FY 2023) Full year 2024 results: EPS: CN¥0.35 (up from CN¥0.036 in FY 2023). Revenue: CN¥194.4m (down 10% from FY 2023). Net income: CN¥132.8m (up CN¥119.2m from FY 2023). Profit margin: 68% (up from 6.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 20
Baida Group Co.,Ltd, Annual General Meeting, May 12, 2025 Baida Group Co.,Ltd, Annual General Meeting, May 12, 2025, at 14:00 China Standard Time. Location: 34F, Building 2, No. 22, Nanyuan Street, Yuhang District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.16, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 44x in the Multiline Retail industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Mar 28
Baida Group Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Baida Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥9.09, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 48x in the Multiline Retail industry in China. Total returns to shareholders of 4.1% over the past three years. New Risk • Jan 03
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 Earnings have declined by 25% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Announcement • Dec 27
Baida Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 Baida Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.35, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 49x in the Multiline Retail industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.001 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.001 in 3Q 2023). Revenue: CN¥37.6m (down 17% from 3Q 2023). Net income: CN¥79.2m (up CN¥79.1m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥8.65, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 43x in the Multiline Retail industry in China. Total returns to shareholders of 20% over the past three years. Announcement • Sep 30
Baida Group Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Baida Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.48, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 34x in the Multiline Retail industry in China. Total loss to shareholders of 1.7% over the past three years. Buy Or Sell Opportunity • Sep 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to CN¥6.82. The fair value is estimated to be CN¥5.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 58%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.036 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.042. Revenue: CN¥45.9m (down 8.4% from 2Q 2023). Net income: CN¥16.0m (down 7.0% from 2Q 2023). Profit margin: 35% (in line with 2Q 2023). Announcement • Jun 28
Baida Group Co.,Ltd to Report First Half, 2024 Results on Aug 17, 2024 Baida Group Co.,Ltd announced that they will report first half, 2024 results on Aug 17, 2024 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥8.76, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 31x in the Multiline Retail industry in China. Total returns to shareholders of 14% over the past three years. Buy Or Sell Opportunity • Apr 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to CN¥8.14. The fair value is estimated to be CN¥6.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 64%. Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.01 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.01 in 1Q 2023). Revenue: CN¥58.9m (up 4.3% from 1Q 2023). Net income: CN¥36.3m (up CN¥32.8m from 1Q 2023). Profit margin: 62% (up from 6.2% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 11
Now 20% overvalued Over the last 90 days, the stock has fallen 5.1% to CN¥7.94. The fair value is estimated to be CN¥6.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 59%. New Risk • Apr 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 79% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (121% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.3% net profit margin). Announcement • Mar 30
Baida Group Co.,Ltd, Annual General Meeting, Apr 19, 2024 Baida Group Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 14:00 China Standard Time. Location: 34F, Building 2, No. 22, Nanyuan Street, Yuhang District, Hangzhou, Zhejiang China Announcement • Mar 29
Baida Group Co.,Ltd to Report Q1, 2024 Results on Apr 19, 2024 Baida Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 19, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥6.51, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 24x in the Multiline Retail industry in China. Total loss to shareholders of 9.4% over the past three years. Announcement • Dec 29
Baida Group Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024 Baida Group Co.,Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.079 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.001 (down from CN¥0.079 in 3Q 2022). Revenue: CN¥45.4m (down 22% from 3Q 2022). Net income: CN¥127.8k (down 100% from 3Q 2022). Profit margin: 0.3% (down from 52% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Oct 28
New major risk - Revenue and earnings growth Earnings have declined by 0.3% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 120% Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (36% net profit margin). New Risk • Aug 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 156% Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Cash payout ratio: 156% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (36% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.18 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.036 (down from CN¥0.18 in 2Q 2022). Revenue: CN¥50.1m (down 5.4% from 2Q 2022). Net income: CN¥17.2m (down 74% from 2Q 2022). Profit margin: 34% (down from 125% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jun 28
Baida Group Co.,Ltd to Report Q2, 2023 Results on Aug 19, 2023 Baida Group Co.,Ltd announced that they will report Q2, 2023 results on Aug 19, 2023 Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.30 in FY 2021) Full year 2022 results: EPS: CN¥0.48 (up from CN¥0.30 in FY 2021). Revenue: CN¥227.1m (down 15% from FY 2021). Net income: CN¥179.8m (up 60% from FY 2021). Profit margin: 79% (up from 42% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Dec 24
Baida Group Co.,Ltd (SHSE:600865) signed the equity transfer agreement to acquire 20% stake in Zhejiang Xingan Shiye Investment Management Co., Ltd. from Xinchuang Holding Group Co., Ltd. for CNY 2.16 million. Baida Group Co.,Ltd (SHSE:600865) signed the equity transfer agreement to acquire 20% stake in Zhejiang Xingan Shiye Investment Management Co., Ltd. from Xinchuang Holding Group Co., Ltd. for CNY 2.16 million on December 21, 2022. Transaction does not need to be submitted to the board of directors and the general meeting of shareholders for consideration. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Chao He was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.019 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥53.6m (up 1.6% from 3Q 2021). Net income: CN¥7.19m (down 84% from 3Q 2021). Profit margin: 13% (down from 85% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.044 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.18 (up from CN¥0.044 in 2Q 2021). Revenue: CN¥53.0m (down 11% from 2Q 2021). Net income: CN¥66.3m (up 285% from 2Q 2021). 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 17% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Chao He was the last independent director to join the board, commencing their role in 2020. 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 • Apr 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥13.10, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 28x in the Multiline Retail industry in China. Total returns to shareholders of 89% 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 17% share price gain to CN¥12.17, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 25x in the Multiline Retail industry in China. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.99, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 26x in the Multiline Retail industry in China. Total returns to shareholders of 65% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.27 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥52.8m (down 75% from 3Q 2020). Net income: CN¥44.9m (down 56% from 3Q 2020). Profit margin: 85% (up from 48% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.22 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥59.4m (up 9.7% from 2Q 2020). Net income: CN¥17.2m (down 79% from 2Q 2020). Profit margin: 29% (down from 153% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.80 (vs CN¥0.55 in FY 2019) Full year 2020 results: Revenue: CN¥244.0m (down 73% from FY 2019). Net income: CN¥302.8m (up 48% from FY 2019). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Chen Xiaxin made an offer to acquire 56.06% stake Baida Group Co.,Ltd (SHSE:600865) for CNY 1.6 billion. Chen Xiaxin made an offer to acquire 56.06% stake Baida Group Co.,Ltd (SHSE:600865) for CNY 1.6 billion on January 27, 2021. The consideration is paid in cash. Under the terms Chen Xiaxin will acquire 210.9 million shares for CNY 7.46 per share. If Baida Group has ex-rights and ex-dividends from the date of the announcement of the tender offer to the expiry of the tender offer period, the tender offer price will be adjusted accordingly. The tender offer period is from February 1, 2021 to March 2, 2021. Chen Yiwen, Yang Xinqiang, Xiang Hui, Lin Xuan and Chen Cheng of China Securities Co., Ltd. acted as a financial adviser to Chen Xiaxin. Is New 90 Day High Low • Jan 22
New 90-day high: CN¥7.97 The company is up 11% from its price of CN¥7.19 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 16% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: CN¥7.10 The company is down 2.0% from its price of CN¥7.24 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 13% 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¥257.9m, up 80% from the prior year. Total revenue was CN¥918.1m over the last 12 months, up 6.0% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day high: CN¥8.04 The company is up 8.0% from its price of CN¥7.43 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is down 21% over the same period. Announcement • Jul 09
Baida Group Co.,Ltd to Report First Half, 2020 Results on Aug 22, 2020 Baida Group Co.,Ltd announced that they will report first half, 2020 results on Aug 22, 2020