Announcement • Jun 30
Shanghai @hub Co.,Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Shanghai @hub Co.,Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 15
Dividend of CN¥0.034 announced Shareholders will receive a dividend of CN¥0.034. Ex-date: 23rd June 2026 Payment date: 23rd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
Shanghai @hub Co.,Ltd., Annual General Meeting, May 15, 2026 Shanghai @hub Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: 1F, No. 238, Jiangchang 3rd Road, Jing'an District, Shanghai China Reported Earnings • Apr 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in FY 2024). Revenue: CN¥1.72b (flat on FY 2024). Net income: CN¥138.7m (up 5.0% from FY 2024). Profit margin: 8.1% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 20
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.02b to CN¥1.98b. EPS estimate also fell from CN¥0.307 per share to CN¥0.21 per share. Net income forecast to grow 6.1% next year vs 61% growth forecast for IT industry in China. Consensus price target up from CN¥34.47 to CN¥35.97. Share price was steady at CN¥39.47 over the past week. Announcement • Mar 30
Shanghai @hub Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shanghai @hub Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 26
Shanghai @hub Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Price Target Changed • Nov 04
Price target increased by 10% to CN¥32.75 Up from CN¥29.77, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥32.09. Stock is up 129% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.18 last year. Reported Earnings • Oct 25
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.05 (in line with 3Q 2024). Revenue: CN¥430.4m (up 6.5% from 3Q 2024). Net income: CN¥34.9m (up 1.1% from 3Q 2024). Profit margin: 8.1% (down from 8.5% in 3Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Shanghai @hub Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Shanghai @hub Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 New Risk • Sep 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 6.9% 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Price Target Changed • Aug 21
Price target increased by 13% to CN¥29.77 Up from CN¥26.45, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥28.63. Stock is up 190% over the past year. The company is forecast to post earnings per share of CN¥0.24 for next year compared to CN¥0.18 last year. Announcement • Jun 30
Shanghai @hub Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Shanghai @hub Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • Jun 07
Dividend of CN¥0.043 announced Shareholders will receive a dividend of CN¥0.043. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.062 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.062 in 1Q 2024). Revenue: CN¥395.0m (up 3.6% from 1Q 2024). Net income: CN¥44.1m (up 23% from 1Q 2024). Profit margin: 11% (up from 9.4% in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 26
Shanghai @hub Co.,Ltd., Annual General Meeting, May 20, 2025 Shanghai @hub Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 1F, No. 238, Jiangchang 3rd Road, Jing'an District, Shanghai China Price Target Changed • Apr 07
Price target increased by 16% to CN¥31.04 Up from CN¥26.72, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥29.97. Stock is up 120% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.22 last year. Announcement • Mar 28
Shanghai @hub Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shanghai @hub Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Major Estimate Revision • Mar 28
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥1.77b to CN¥1.85b. EPS estimate fell from CN¥0.347 to CN¥0.301 per share. Net income forecast to grow 37% next year vs 57% growth forecast for IT industry in China. Consensus price target down from CN¥26.72 to CN¥25.05. Share price fell 12% to CN¥32.97 over the past week. Reported Earnings • Mar 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in FY 2023). Revenue: CN¥1.72b (up 12% from FY 2023). Net income: CN¥132.2m (up 7.5% from FY 2023). Profit margin: 7.7% (down from 8.0% in FY 2023). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 9.5%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 07
Price target increased by 11% to CN¥19.25 Up from CN¥17.36, the current price target is an average from 3 analysts. New target price is 14% below last closing price of CN¥22.45. Stock is up 77% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. New Risk • Feb 05
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 8.7% 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 Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Dec 27
Shanghai @hub Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025 Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025 Major Estimate Revision • Dec 26
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.234 to CN¥0.28. Revenue forecast unchanged at CN¥1.61b. Net income forecast to grow 54% next year vs 54% growth forecast for IT industry in China. Consensus price target up from CN¥17.36 to CN¥18.54. Share price rose 5.9% to CN¥19.16 over the past week. New Risk • Nov 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 02
Price target increased by 7.8% to CN¥17.33 Up from CN¥16.07, the current price target is an average from 5 analysts. New target price is 9.8% above last closing price of CN¥15.78. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.054 in 3Q 2023). Revenue: CN¥404.2m (up 9.5% from 3Q 2023). Net income: CN¥34.5m (up 4.6% from 3Q 2023). Profit margin: 8.5% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 08
Upcoming dividend of CN¥0.024 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (0.9%). Announcement • Sep 30
Shanghai @hub Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shanghai @hub 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 21% After last week's 21% share price gain to CN¥16.08, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 24x in the IT industry in China. Total loss to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.17 per share. New Risk • Sep 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 29
Price target increased by 7.7% to CN¥17.02 Up from CN¥15.80, the current price target is an average from 5 analysts. New target price is 35% above last closing price of CN¥12.59. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.21 last year. Reported Earnings • Aug 24
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.059 (up from CN¥0.055 in 2Q 2023). Revenue: CN¥397.0m (up 6.1% from 2Q 2023). Net income: CN¥34.8m (up 3.7% from 2Q 2023). Profit margin: 8.8% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to CN¥12.42. The fair value is estimated to be CN¥15.62, 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 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Jul 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥12.20. The fair value is estimated to be CN¥15.49, 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 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 18% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CN¥12.74. The fair value is estimated to be CN¥15.62, 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 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • Jun 28
Shanghai @hub Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shanghai @hub Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Buy Or Sell Opportunity • Jun 20
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to CN¥12.92. The fair value is estimated to be CN¥20.02, 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 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 04
Consensus EPS estimates increase by 31%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.64b to CN¥1.58b. EPS estimate rose from CN¥0.307 to CN¥0.401. Net income forecast to grow 56% next year vs 57% growth forecast for IT industry in China. Consensus price target of CN¥20.92 unchanged from last update. Share price rose 2.9% to CN¥18.83 over the past week. Announcement • Apr 29
Shanghai @hub Co.,Ltd., Annual General Meeting, May 17, 2024 Shanghai @hub Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: 1F, No. 238, Jiangchang 3rd Road, Jing'an District, Shanghai China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.079 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.079 in 1Q 2023). Revenue: CN¥381.4m (up 2.5% from 1Q 2023). Net income: CN¥35.8m (up 1.9% from 1Q 2023). Profit margin: 9.4% (in line with 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.67b to CN¥1.64b. EPS estimate also fell from CN¥0.434 per share to CN¥0.307 per share. Net income forecast to grow 19% next year vs 53% growth forecast for IT industry in China. Consensus price target down from CN¥24.34 to CN¥20.92. Share price rose 4.0% to CN¥18.14 over the past week. Price Target Changed • Apr 17
Price target decreased by 7.8% to CN¥22.43 Down from CN¥24.34, the current price target is an average from 6 analysts. New target price is 22% above last closing price of CN¥18.44. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.27 last year. Reported Earnings • Apr 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.27 (up from CN¥0.25 in FY 2022). Revenue: CN¥1.54b (up 6.0% from FY 2022). Net income: CN¥123.0m (up 7.0% from FY 2022). Profit margin: 8.0% (up from 7.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT 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 fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Shanghai @hub Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shanghai @hub Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Price Target Changed • Feb 23
Price target decreased by 9.0% to CN¥23.86 Down from CN¥26.22, the current price target is an average from 7 analysts. New target price is 31% above last closing price of CN¥18.25. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.25 last year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.00, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the IT industry in China. Total loss to shareholders of 40% over the past three years. Announcement • Dec 29
Shanghai @hub Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Large one-off items impacting financial results. Buying Opportunity • Oct 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥24.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Major Estimate Revision • Mar 20
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.75b to CN¥1.62b. EPS estimate also fell from CN¥0.555 per share to CN¥0.485 per share. Net income forecast to grow 39% next year vs 39% growth forecast for IT industry in China. Consensus price target up from CN¥34.35 to CN¥39.46. Share price fell 2.2% to CN¥33.90 over the past week. Price Target Changed • Mar 15
Price target increased by 12% to CN¥38.37 Up from CN¥34.35, the current price target is an average from 6 analysts. New target price is 12% above last closing price of CN¥34.20. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.35 last year. Reported Earnings • Mar 11
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.35 (up from CN¥0.34 in FY 2021). Revenue: CN¥1.46b (up 21% from FY 2021). Net income: CN¥114.9m (up 3.5% from FY 2021). Profit margin: 7.9% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Major Estimate Revision • Jan 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.39 to CN¥0.33 per share. Revenue forecast steady at CN¥1.50b. Net income forecast to grow 106% next year vs 54% growth forecast for IT industry in China. Consensus price target down from CN¥36.43 to CN¥35.18. Share price rose 16% to CN¥27.51 over the past week. 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. 5 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Independent Director Peter Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.33 to CN¥0.38. Revenue forecast steady at CN¥1.49b. Net income forecast to grow 128% next year vs 65% growth forecast for IT industry in China. Consensus price target of CN¥36.43 unchanged from last update. Share price rose 6.3% to CN¥25.17 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: CN¥0.099 (down from CN¥0.14 in 3Q 2021). Revenue: CN¥381.2m (up 25% from 3Q 2021). Net income: CN¥32.8m (down 24% from 3Q 2021). Profit margin: 8.6% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.37 to CN¥0.30 per share. Revenue forecast steady at CN¥1.48b. Net income forecast to grow 65% next year vs 38% growth forecast for IT industry in China. Consensus price target broadly unchanged at CN¥37.37. Share price was steady at CN¥24.73 over the past week. Reported Earnings • Aug 21
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.081 in 2Q 2021). Revenue: CN¥369.8m (up 29% from 2Q 2021). Net income: CN¥30.4m (up 8.3% from 2Q 2021). Profit margin: 8.2% (down from 9.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 31%. Over the next year, revenue is forecast to grow 19%, compared to a 24% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 13% 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. Major Estimate Revision • Jul 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.30 to CN¥0.37. Revenue forecast unchanged at CN¥1.49b. Net income forecast to grow 68% next year vs 38% growth forecast for IT industry in China. Consensus price target of CN¥37.56 unchanged from last update. Share price rose 6.3% to CN¥26.74 over the past week. Price Target Changed • Jul 19
Price target decreased to CN¥37.56 Down from CN¥40.56, the current price target is an average from 6 analysts. New target price is 44% above last closing price of CN¥26.09. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.34 last year. Major Estimate Revision • Jul 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.56 to CN¥0.30 per share. Revenue forecast steady at CN¥1.52b. Net income forecast to grow 61% next year vs 38% growth forecast for IT industry in China. Consensus price target down from CN¥40.56 to CN¥37.94. Share price was steady at CN¥26.79 over the past week. Price Target Changed • Jun 24
Price target increased to CN¥44.75 Up from CN¥41.56, the current price target is an average from 3 analysts. New target price is 68% above last closing price of CN¥26.63. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.34 last year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥342.5m (up 30% from 1Q 2021). Net income: CN¥11.2m (down 66% from 1Q 2021). Profit margin: 3.3% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 79%. Over the next year, revenue is forecast to grow 25%, compared to a 25% growth forecast for the industry in China. 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 2% 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. 11 experienced directors. 1 highly experienced director. 3 independent directors (8 non-independent directors). Vice Chairman of the Board and President Zeng Li was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Mar 24
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.63b to CN¥1.52b. EPS estimate also fell from CN¥0.82 per share to CN¥0.55 per share. Net income forecast to grow 104% next year vs 43% growth forecast for IT industry in China. Consensus price target up from CN¥42.72 to CN¥46.24. Share price fell 8.0% to CN¥36.97 over the past week. Price Target Changed • Mar 18
Price target increased to CN¥45.92 Up from CN¥42.72, the current price target is an average from 5 analysts. New target price is 16% above last closing price of CN¥39.66. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.34 last year. Reported Earnings • Mar 18
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥0.34 (down from CN¥0.45 in FY 2020). Revenue: CN¥1.21b (up 33% from FY 2020). Net income: CN¥111.0m (down 19% from FY 2020). Profit margin: 9.2% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 35%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Price Target Changed • Nov 18
Price target decreased to CN¥42.72 Down from CN¥46.64, the current price target is an average from 5 analysts. New target price is 29% above last closing price of CN¥33.15. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.45 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.17 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥304.9m (up 18% from 3Q 2020). Net income: CN¥42.9m (down 14% from 3Q 2020). Profit margin: 14% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Price Target Changed • Oct 08
Price target decreased to CN¥45.83 Down from CN¥49.47, the current price target is an average from 7 analysts. New target price is 44% above last closing price of CN¥31.74. Stock is down 41% over the past year. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.11 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥286.6m (up 31% from 2Q 2020). Net income: CN¥28.1m (down 9.9% from 2Q 2020). Profit margin: 9.8% (down from 14% 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 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Major Estimate Revision • Jun 03
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥0.71 to CN¥0.62 per share. Revenue forecast steady at CN¥1.21b. Net income forecast to grow 65% next year vs 48% growth forecast for IT industry in China. Consensus price target down from CN¥47.76 to CN¥46.76. Share price was steady at CN¥35.92 over the past week. Price Target Changed • May 07
Price target decreased to CN¥48.26 Down from CN¥53.02, the current price target is an average from 8 analysts. New target price is 51% above last closing price of CN¥31.90. Stock is down 30% over the past year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.10 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥263.3m (up 51% from 1Q 2020). Net income: CN¥32.7m (up 12% from 1Q 2020). Profit margin: 12% (down from 17% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Price Target Changed • Apr 27
Price target decreased to CN¥37.87 Down from CN¥53.02, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥31.32. Stock is down 23% over the past year. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS CN¥0.63 (vs CN¥0.52 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥909.7m (up 25% from FY 2019). Net income: CN¥136.4m (up 24% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 10
New 90-day low: CN¥47.65 The company is down 27% from its price of CN¥65.00 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.94 per share. Major Estimate Revision • Feb 06
Analysts lower EPS estimates to CN¥0.97 The 2021 consensus revenue estimate was lowered from CN¥1.51b to CN¥1.41b. Earning per share (EPS) estimate was also lowered from CN¥1.11 to CN¥0.97 for the same period. Net income is expected to grow by 57% next year compared to 50% growth forecast for the IT industry in China. The consensus price target was lowered from CN¥98.32 to CN¥89.07. Share price is down by 4.8% to CN¥48.96 over the past week. Price Target Changed • Feb 05
Price target lowered to CN¥89.07 Down from CN¥98.32, the current price target is an average from 6 analysts. The new target price is 82% above the current share price of CN¥48.96. As of last close, the stock is up 2.0% over the past year. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥54.94 The company is down 21% from its price of CN¥69.69 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.57 per share. Announcement • Jan 22
Shanghai AtHub Co., Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021 Shanghai AtHub Co., Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021 Is New 90 Day High Low • Dec 11
New 90-day low: CN¥64.90 The company is down 10.0% from its price of CN¥72.10 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 IT 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¥2.26 per share. Major Estimate Revision • Nov 05
Analysts increase EPS estimates to CN¥0.67 The 2020 consensus revenue estimate increased from CN¥919.8m to CN¥965.2m. The earnings per share estimate also received an upgrade from CN¥0.59 to CN¥0.67 for the same period. Net income is expected to grow by 78% next year compared to 45% growth forecast for the IT industry in China. The consensus price target increased from CN¥96.93 to CN¥98.32. Share price is up 13% to CN¥73.83 over the past week.