Board Change • 10h
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 Tianfeng Shen was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 12
ZJAMP Group Co., Ltd. (SZSE:002758) announces an Equity Buyback for CNY 100 million worth of its shares. ZJAMP Group Co., Ltd. (SZSE:002758) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its Ordinary A shares. The shares will be repurchased at a price not exceeding CNY 13.20 per share. The company will use its own funds for repurchase purpose. The repurchased shares will be used to implement equity incentives or employee stock ownership plans. The plan will be valid for 12 months. Announcement • May 14
ZJAMP Group Co., Ltd. to Report Q4, 2025 Results on May 18, 2026 ZJAMP Group Co., Ltd. announced that they will report Q4, 2025 results on May 18, 2026 Announcement • Apr 27
ZJAMP Group Co., Ltd., Annual General Meeting, May 15, 2026 ZJAMP Group Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.11 (in line with 1Q 2025). Revenue: CN¥12.9b (up 27% from 1Q 2025). Net income: CN¥54.2m (down 7.4% from 1Q 2025). Profit margin: 0.4% (down from 0.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.11 in 3Q 2024). Revenue: CN¥10.8b (up 15% from 3Q 2024). Net income: CN¥88.2m (up 60% from 3Q 2024). Profit margin: 0.8% (up from 0.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 05
Zhejiang Int'l Medicine Co., Ltd. agreed to acquire Zhejiang Huatong Pharmaceutical Group Co., Ltd. from ZJAMP Group Co., Ltd. (SZSE:002758) for approximately CNY 370 million. Zhejiang Int'l Medicine Co., Ltd. signed letter of intent to acquire Zhejiang Huatong Pharmaceutical Group Co., Ltd. from ZJAMP Group Co., Ltd. (SZSE:002758) for approximately CNY 370 million on May 16, 2025. A cash consideration of CNY 369.1 million will be paid by Zhejiang Int'l Medicine Co., Ltd. Equity exchange contract was signed on May 30, 2025.
As of December 31, 2024, Zhejiang Huatong Pharmaceutical Group Co., Ltd. reported total assets of CNY 562.07 million and total common equity of CNY 182.69 million.
The transaction is subject to approval by board of ZJAMP Group Co., Ltd. and subject to antitrust regulations. The deal has been approved by the board. Declared Dividend • May 23
Dividend of CN¥0.30 announced Dividend of CN¥0.30 is the same as last year. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 14% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 22
Zjamp Group Co., Ltd. Approve the Profit Distribution Proposal for 2024 ZJAMP Group Co., Ltd. approved the profit distribution proposal for 2024. For the period, the company reported Cash dividend/10 shares (tax included): CNY 3.00000000.
. Announcement • Apr 28
ZJAMP Group Co., Ltd., Annual General Meeting, May 16, 2025 ZJAMP Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (in line with 1Q 2024). Revenue: CN¥10.2b (up 3.2% from 1Q 2024). Net income: CN¥58.5m (up 2.4% from 1Q 2024). Profit margin: 0.6% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥9.38b (down 1.7% from 3Q 2023). Net income: CN¥55.1m (down 11% from 3Q 2023). Profit margin: 0.6% (down from 0.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥8.76, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 24x in the Specialty Retail industry in China. Total loss to shareholders of 1.8% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.09 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥11.5b (up 21% from 2Q 2023). Net income: CN¥48.2m (down 44% from 2Q 2023). Profit margin: 0.4% (down from 0.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% 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. Declared Dividend • May 24
Dividend of CN¥0.30 announced Dividend of CN¥0.30 is the same as last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 28
ZJAMP Group Co., Ltd., Annual General Meeting, May 16, 2024 ZJAMP Group Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider 2023 annual report and its summary; to consider termination and settlement of some projects financed with raised funds and permanently supplementing the working capital with the surplus raised funds; and to consider financial aid to subordinate companies. Announcement • Apr 27
ZJAMP Group Co., Ltd. Proposes Final Cash Dividend for the Year 2023 On April 26, 2024, ZJAMP Group Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2023. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.74 (vs CN¥1.24 in FY 2022) Full year 2023 results: EPS: CN¥0.74 (down from CN¥1.24 in FY 2022). Revenue: CN¥40.9b (down 2.1% from FY 2022). Net income: CN¥380.9m (down 38% from FY 2022). Profit margin: 0.9% (down from 1.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Buying Opportunity • Jan 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be CN¥13.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.5%. Buying Opportunity • Nov 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be CN¥14.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 7.5%. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.29 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.29 in 3Q 2022). Revenue: CN¥9.54b (down 15% from 3Q 2022). Net income: CN¥62.1m (down 57% from 3Q 2022). Profit margin: 0.7% (down from 1.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Announcement • Sep 16
ZJAMP Group Co., Ltd. Approves Management Elections ZJAMP Group Co., Ltd. approved the election of Ye Weiyong, Xia Xiaofeng and Zeng Yuefang as non-independent director. The company approved the election of Huang Zuhui as independent director. The company approved the election of Jiang Jun and Meng Wangliang as non-employee supervisor. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.25 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.25 in 2Q 2022). Revenue: CN¥9.47b (down 6.6% from 2Q 2022). Net income: CN¥86.2m (down 32% from 2Q 2022). Profit margin: 0.9% (down from 1.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Announcement • May 24
ZJAMP Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 26 May 2023 ZJAMP Group Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 3.00000000 for the year 2022, payable on 26 May 2023. Record date is 25 May 2023. Ex-date is 26 May 2023. Announcement • May 19
ZJAMP Group Co., Ltd. Approves Cash Dividend for 2022 ZJAMP Group Co., Ltd. announced that at its AGM held on 17 May 2023, the shareholders approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 3.00000000. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥1.24 (vs CN¥1.35 in FY 2021) Full year 2022 results: EPS: CN¥1.24 (down from CN¥1.35 in FY 2021). Revenue: CN¥41.8b (up 19% from FY 2021). Net income: CN¥609.8m (down 7.4% from FY 2021). Profit margin: 1.5% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There are 7 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: 7 new directors. 4 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Degui Guo is the most experienced director on the board, commencing their role in 2017. Non-Independent Director Huagang Wang was the last independent director to join the board, commencing their role in 2022. 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. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥13.96, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 27x in the Specialty Retail industry in China. Total returns to shareholders of 42% over the past year. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.37 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.29 (down from CN¥0.37 in 3Q 2021). Revenue: CN¥11.2b (up 26% from 3Q 2021). Net income: CN¥143.4m (down 20% from 3Q 2021). Profit margin: 1.3% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Announcement • Oct 28
ZJAMP Group Co., Ltd. Approves Election of Wang Huagang as A Non-Independent Director ZJAMP Group Co., Ltd. announced at the EGM held on October 26, 2022 that the company approved Election of Wang Huagang as a non-independent director. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥12.84, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 29x in the Specialty Retail industry in China. Total returns to shareholders of 29% over the past year. Announcement • Sep 16
ZJAMP Group Co., Ltd. Approves Appointment of Zeng Yuefang as A Non-Independent Director ZJAMP Group Co., Ltd. announced that at the Extraordinary General Meeting of 2022 held on 14 September 2022 approved election of Zeng Yuefang as a non-independent director. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥14.33, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 23x in the Specialty Retail industry in China. Total returns to shareholders of 52% over the past year. Announcement • May 26
ZJAMP Group Co., Ltd. Announces Cash Dividend, Payable on May 30, 2022 ZJAMP Group Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.00000000. Record date as 27 May 2022, ex-date as 30 May 2022 and payment date as May 30, 2022. Announcement • May 19
ZJAMP Group Co., Ltd. Approves Cash Dividend ZJAMP Group Co., Ltd. approved cash dividend of CNY 3.00000000 per 10 shares (tax included) for the year 2021, at held its Annual General Meeting of 2021 on 17 May 2022. Announcement • Apr 28
ZJAMP Group Co., Ltd. Announces Profit Distribution Proposal for 2021 ZJAMP Group Co., Ltd. proposed final cash dividend of CNY 3.00000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥1.35 (vs CN¥0.72 in FY 2020) Full year 2021 results: EPS: CN¥1.35 (up from CN¥0.72 in FY 2020). Revenue: CN¥35.1b (up 22% from FY 2020). Net income: CN¥658.4m (up 88% from FY 2020). Profit margin: 1.9% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: CN¥1.35 (vs CN¥0.72 in FY 2020) Full year 2021 results: EPS: CN¥1.35 (up from CN¥0.72 in FY 2020). Revenue: CN¥35.1b (up 22% from FY 2020). Net income: CN¥656.9m (up 87% from FY 2020). Profit margin: 1.9% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥14.90, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 24x in the Specialty Retail industry in China. Total returns to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥13.96, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 24x in the Specialty Retail industry in China. Total returns to shareholders of 33% over the past year. Announcement • Jun 01
Zjamp Group Co., Ltd. Announces 2020 Cash Dividend, Payable on June 7, 2021 ZJAMP Group Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.80000000. Record date: 04 June 2021. Ex-date: 07 June 2021. Payment date: 07 June 2021. Announcement • May 21
ZJAMP Group Co., Ltd. Approves Profit Distribution Plan for 2020 At the Annual General Meeting Held on May 17, 2021 ZJAMP Group Co., Ltd. approved profit distribution plan for 2020 at the Annual General Meeting held on May 17, 2021. The company announced Cash dividend/10 shares (tax included) of CNY 1.80000000. 
