Announcement • May 15
Wenfeng Great World Chain Development Corporation (SHSE:601010) announces an Equity Buyback for CNY 120 million worth of its shares. Wenfeng Great World Chain Development Corporation (SHSE:601010) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its shares. The shares will be repurchased at a price of not more than CNY 3.48 per share. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from company's own funds. The plan will be valid for 12 months. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.09 profit in FY 2024) Full year 2025 results: CN¥0.05 loss per share (down from CN¥0.09 profit in FY 2024). Revenue: CN¥1.50b (down 20% from FY 2024). Net loss: CN¥95.2m (down 160% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Wenfeng Great World Chain Development Corporation, Annual General Meeting, May 22, 2026 Wenfeng Great World Chain Development Corporation, Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Announcement • Mar 30
Wenfeng Great World Chain Development Corporation to Report Q1, 2026 Results on Apr 29, 2026 Wenfeng Great World Chain Development Corporation announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Wenfeng Great World Chain Development Corporation to Report Fiscal Year 2025 Results on Apr 29, 2026 Wenfeng Great World Chain Development Corporation announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.013 loss per share (vs CN¥0.002 loss in 3Q 2024) Third quarter 2025 results: CN¥0.013 loss per share (further deteriorated from CN¥0.002 loss in 3Q 2024). Revenue: CN¥329.5m (down 15% from 3Q 2024). Net loss: CN¥20.5m (loss widened CN¥17.5m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Wenfeng Great World Chain Development Corporation to Report Q3, 2025 Results on Oct 31, 2025 Wenfeng Great World Chain Development Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 Declared Dividend • Sep 10
First half dividend reduced to CN¥0.02 Dividend of CN¥0.02 is 49% lower than last year. Ex-date: 12th September 2025 Payment date: 12th September 2025 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio) nor is it covered by cash flows (210% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. However, EPS has declined by 13% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.01 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.01 in 2Q 2024). Revenue: CN¥372.7m (down 16% from 2Q 2024). Net income: CN¥7.58m (down 61% from 2Q 2024). Profit margin: 2.0% (down from 4.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Wenfeng Great World Chain Development Corporation to Report First Half, 2025 Results on Aug 20, 2025 Wenfeng Great World Chain Development Corporation announced that they will report first half, 2025 results on Aug 20, 2025 Announcement • Apr 30
Wenfeng Great World Chain Development Corporation, Annual General Meeting, May 20, 2025 Wenfeng Great World Chain Development Corporation, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.08, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 44x in the Multiline Retail industry in China. Total loss to shareholders of 7.5% over the past three years. Announcement • Mar 28
Wenfeng Great World Chain Development Corporation to Report Q1, 2025 Results on Apr 30, 2025 Wenfeng Great World Chain Development Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥3.44, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 49x in the Multiline Retail industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥2.66, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 47x in the Multiline Retail industry in China. Total loss to shareholders of 13% over the past three years. New Risk • Jan 02
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 10% 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: 143% Cash payout ratio: 97% Earnings have declined by 26% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Dec 27
Wenfeng Great World Chain Development Corporation to Report Fiscal Year 2024 Results on Apr 30, 2025 Wenfeng Great World Chain Development Corporation announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to CN¥2.80, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 53x in the Multiline Retail industry in China. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥2.73, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 41x in the Multiline Retail industry in China. Total loss to shareholders of 3.9% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.002 loss per share (vs CN¥0.001 profit in 3Q 2023) Third quarter 2024 results: CN¥0.002 loss per share (down from CN¥0.001 profit in 3Q 2023). Revenue: CN¥388.6m (down 16% from 3Q 2023). Net loss: CN¥3.06m (down 239% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Wenfeng Great World Chain Development Corporation to Report Q3, 2024 Results on Oct 31, 2024 Wenfeng Great World Chain Development Corporation announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥2.09, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 34x in the Multiline Retail industry in China. Total loss to shareholders of 28% over the past three years. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 2Q 2023). Revenue: CN¥442.9m (down 16% from 2Q 2023). Net income: CN¥19.5m (down 46% from 2Q 2023). Profit margin: 4.4% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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 • Jun 28
Wenfeng Great World Chain Development Corporation to Report First Half, 2024 Results on Aug 10, 2024 Wenfeng Great World Chain Development Corporation announced that they will report first half, 2024 results on Aug 10, 2024 Announcement • May 01
Wenfeng Great World Chain Development Corporation, Annual General Meeting, May 20, 2024 Wenfeng Great World Chain Development Corporation, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.05 in 1Q 2023). Revenue: CN¥557.9m (down 12% from 1Q 2023). Net income: CN¥53.0m (down 39% from 1Q 2023). Profit margin: 9.5% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Wenfeng Great World Chain Development Corporation to Report Q1, 2024 Results on Apr 30, 2024 Wenfeng Great World Chain Development Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥1.94, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 23x in the Multiline Retail industry in China. Total loss to shareholders of 21% over the past three years. Announcement • Dec 30
Wenfeng Great World Chain Development Corporation to Report Fiscal Year 2023 Results on Apr 30, 2024 Wenfeng Great World Chain Development Corporation announced that they will report fiscal year 2023 results on Apr 30, 2024 Announcement • Sep 30
Wenfeng Great World Chain Development Corporation to Report Q3, 2023 Results on Oct 31, 2023 Wenfeng Great World Chain Development Corporation announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.11 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.02 (up from CN¥0.11 loss in 2Q 2022). Revenue: CN¥529.0m (down 2.1% from 2Q 2022). Net income: CN¥36.1m (up CN¥240.2m from 2Q 2022). Profit margin: 6.8% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Wenfeng Great World Chain Development Corporation to Report First Half, 2023 Results on Aug 29, 2023 Wenfeng Great World Chain Development Corporation announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Jan 11
Genesis Medtech Investment (HK) Limited intends to acquire remaining 30.4348% stake in Nantong Horcon Medical Technology Co.,Ltd. from Wenfeng Great World Chain Development Corporation (SHSE:601010) for CNY 57.4 million. Genesis Medtech Investment (HK) Limited intends to acquire remaining 30.4348% stake in Nantong Horcon Medical Technology Co.,Ltd. from Wenfeng Great World Chain Development Corporation (SHSE:601010) for CNY 57.4 million on January 6, 2023. Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Chongqing Zhou was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.019 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.01 (up from CN¥0.019 loss in 3Q 2021). Revenue: CN¥580.8m (up 12% from 3Q 2021). Net income: CN¥18.0m (up CN¥52.8m from 3Q 2021). Profit margin: 3.1% (up from net loss in 3Q 2021). 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 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 01
Second quarter 2022 earnings released: CN¥0.11 loss per share (vs CN¥0.079 profit in 2Q 2021) Second quarter 2022 results: CN¥0.11 loss per share (down from CN¥0.079 profit in 2Q 2021). Revenue: CN¥540.4m (down 3.6% from 2Q 2021). Net loss: CN¥204.1m (down 239% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.01 loss per share (vs CN¥0.046 profit in 1Q 2021) First quarter 2022 results: CN¥0.01 loss per share (down from CN¥0.046 profit in 1Q 2021). Revenue: CN¥698.8m (down 8.8% from 1Q 2021). Net loss: CN¥24.0m (down 129% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.019 loss per share (vs CN¥0.02 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥517.8m (down 4.5% from 3Q 2020). Net loss: CN¥34.7m (down 180% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Wenfeng Great World Chain Development Corporation (SHSE:601010) announces an Equity Buyback for CNY 100 million worth of its shares. Wenfeng Great World Chain Development Corporation (SHSE:601010) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 4.40 per share. The repurchased shares will be used for employee stock ownership plans. The shares will be repurchased out of own funds of the company or self-raised funds. The plan will be valid for 12 months. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.079 (vs CN¥0.049 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥560.6m (down 5.0% from 2Q 2020). Net income: CN¥146.6m (up 63% from 2Q 2020). Profit margin: 26% (up from 15% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.15 (vs CN¥0.18 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¥2.35b (down 61% from FY 2019). Net income: CN¥268.3m (down 20% from FY 2019). Profit margin: 11% (up from 5.6% 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 2% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥2.83 The company is down 14% from its price of CN¥3.28 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 19% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥2.90 The company is down 11% from its price of CN¥3.25 on 29 September 2020. The Chinese market is up 6.0% 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. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥3.03 The company is down 9.0% from its price of CN¥3.33 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 12% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS CN¥0.02 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: CN¥542.4m (down 55% from 3Q 2019). Net income: CN¥43.5m (down 23% from 3Q 2019). Profit margin: 8.0% (up from 4.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Oct 29
Wenfeng Great World Chain Development Corporation to Report Q3, 2020 Results on Oct 31, 2020 Wenfeng Great World Chain Development Corporation announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 26
New 90-day low: CN¥3.15 The company is down 2.0% from its price of CN¥3.23 on 28 July 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 10.0% over the same period. Announcement • Jul 18
Wenfeng Great World Chain Development Corporation to Report First Half, 2020 Results on Aug 29, 2020 Wenfeng Great World Chain Development Corporation announced that they will report first half, 2020 results on Aug 29, 2020