Announcement • Apr 28
Yinchuan Xinhua Commercial (Group) Co., Ltd., Annual General Meeting, May 20, 2026 Yinchuan Xinhua Commercial (Group) Co., Ltd., Annual General Meeting, May 20, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Yinchuan, Ningxia China Announcement • Mar 30
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Sep 30
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Mar 28
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 21
Yinchuan Xinhua Commercial (Group) Co., Ltd., Annual General Meeting, Apr 25, 2025 Yinchuan Xinhua Commercial (Group) Co., Ltd., Annual General Meeting, Apr 25, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Yinchuan, Ningxia China Announcement • Dec 27
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Fiscal Year 2024 Results on Mar 21, 2025 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report fiscal year 2024 results on Mar 21, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.16 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.091 (down from CN¥0.16 in 3Q 2023). Revenue: CN¥1.47b (up 2.4% from 3Q 2023). Net income: CN¥20.7m (down 43% from 3Q 2023). Profit margin: 1.4% (down from 2.5% in 3Q 2023). Revenue is forecast to grow 3.3% 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 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 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¥11.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Multiline Retail industry in China. Total returns to shareholders of 2.1% over the past three years. Announcement • Sep 30
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.079 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.028 (down from CN¥0.079 in 2Q 2023). Revenue: CN¥1.40b (up 2.4% from 2Q 2023). Net income: CN¥6.37m (down 64% from 2Q 2023). Profit margin: 0.5% (down from 1.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% 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 increased by 40% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥9.83, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Multiline Retail industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Jun 28
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 19
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 21st June 2024 Payment date: 21st June 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (10% 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 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.64, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Multiline Retail industry in China. Total returns to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued Over the last 90 days, the stock has risen 26% to CN¥18.80. The fair value is estimated to be CN¥23.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.37 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.36 (down from CN¥0.37 in 1Q 2023). Revenue: CN¥1.88b (up 2.3% from 1Q 2023). Net income: CN¥81.9m (down 2.3% from 1Q 2023). Profit margin: 4.3% (down from 4.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% 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 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 22
Yinchuan Xinhua Commercial (Group) Co., Ltd., Annual General Meeting, Apr 25, 2024 Yinchuan Xinhua Commercial (Group) Co., Ltd., Annual General Meeting, Apr 25, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Yinchuan, Ningxia China New Risk • Mar 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥16.16, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Multiline Retail industry in China. Total returns to shareholders of 57% over the past three years. Announcement • Dec 29
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.33 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.33 in 3Q 2022). Revenue: CN¥1.44b (flat on 3Q 2022). Net income: CN¥36.5m (down 48% from 3Q 2022). Profit margin: 2.5% (down from 4.9% in 3Q 2022). Revenue is forecast to grow 3.2% 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 increased by 50% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.079 (vs CN¥0.033 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.079 (up from CN¥0.033 in 2Q 2022). Revenue: CN¥1.37b (down 3.2% from 2Q 2022). Net income: CN¥17.9m (up 138% from 2Q 2022). Profit margin: 1.3% (up from 0.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% 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 increased by 46% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Yinchuan Xinhua Commercial (Group) Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Yinchuan Xinhua Commercial (Group) Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥17.86, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Multiline Retail industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.23 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (up from CN¥0.23 in FY 2021). Revenue: CN¥5.88b (up 3.1% from FY 2021). Net income: CN¥93.5m (up 82% from FY 2021). Profit margin: 1.6% (up from 0.9% in FY 2021). 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 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥18.54, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 24x in the Multiline Retail industry in China. Total returns to shareholders of 24% over the past three years. Board Change • Nov 16
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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent director Xiaoling Liu 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. Insufficient board refreshment. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.055 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.055 loss in 3Q 2021). Revenue: CN¥1.43b (up 4.3% from 3Q 2021). Net income: CN¥70.7m (up CN¥83.4m from 3Q 2021). Profit margin: 4.9% (up from net loss in 3Q 2021). Revenue is forecast to grow 2.5% 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 27% 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. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.60, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 21x in the Multiline Retail industry in China. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.033 (vs CN¥0.057 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.033 (up from CN¥0.057 loss in 2Q 2021). Revenue: CN¥1.42b (up 3.8% from 2Q 2021). Net income: CN¥7.54m (up CN¥20.3m from 2Q 2021). Profit margin: 0.5% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 126% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 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. 5 independent directors (7 non-independent directors). Independent director Xiaoou Yu 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. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.07, the stock trades at a forward P/E ratio of 87x. Average forward P/E is 20x in the Multiline Retail industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥5.71b (flat on FY 2020). Net income: CN¥51.5m (up 19% from FY 2020). Profit margin: 0.9% (in line with FY 2020). Over the next year, revenue is forecast to grow 6.2%, compared to a 11% growth forecast for the retail industry in China. Reported Earnings • Oct 23
Third quarter 2021 earnings released: CN¥0.056 loss per share (vs CN¥0.076 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥1.38b (down 23% from 3Q 2020). Net loss: CN¥12.7m (loss narrowed 26% from 3Q 2020). 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: CN¥0.057 loss per share (vs CN¥0.018 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥1.36b (down 19% from 2Q 2020). Net loss: CN¥12.7m (loss widened 218% from 2Q 2020). 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 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.24 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥1.67b (up 2.0% from 1Q 2020). Net income: CN¥50.5m (down 8.3% from 1Q 2020). Profit margin: 3.0% (down from 3.4% in 1Q 2020). 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 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.81 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.69b (down 26% from FY 2019). Net income: CN¥43.3m (down 76% from FY 2019). Profit margin: 0.8% (down from 2.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 20% per year. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥11.33 The company is down 25% from its price of CN¥15.10 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 16% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥12.22 The company is down 26% from its price of CN¥16.58 on 14 October 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 20% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥13.56 The company is down 11% from its price of CN¥15.27 on 18 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 12% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥45.5m, down 68% from the prior year. Total revenue was CN¥7.55b over the last 12 months, largely unchanged from the prior year. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥45.5m, down 68% from the prior year. Total revenue was CN¥7.55b over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥14.59 The company is down 17% from its price of CN¥17.50 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Multiline Retail industry, which is also down 17% over the same period.