Reported Earnings • Apr 17
Full year 2025 earnings released: CN¥0.61 loss per share (vs CN¥0.64 loss in FY 2024) Full year 2025 results: CN¥0.61 loss per share (improved from CN¥0.64 loss in FY 2024). Revenue: CN¥601.7m (down 16% from FY 2024). Net loss: CN¥378.8m (loss narrowed 4.3% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Beijing eGOVA Co,. Ltd, Annual General Meeting, May 11, 2026 Beijing eGOVA Co,. Ltd, Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: 5F, Building 21, East Area, Yard No. 10, Xibeiwang East Road, Haidian District, Beijing China Announcement • Mar 31
Beijing eGOVA Co,. Ltd to Report Q1, 2026 Results on Apr 24, 2026 Beijing eGOVA Co,. Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Beijing eGOVA Co,. Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Beijing eGOVA Co,. Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 23
Third quarter 2025 earnings released: CN¥0.054 loss per share (vs CN¥0.083 loss in 3Q 2024) Third quarter 2025 results: CN¥0.054 loss per share (improved from CN¥0.083 loss in 3Q 2024). Revenue: CN¥199.3m (up 25% from 3Q 2024). Net loss: CN¥33.5m (loss narrowed 35% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Beijing eGOVA Co,. Ltd to Report Q3, 2025 Results on Oct 23, 2025 Beijing eGOVA Co,. Ltd announced that they will report Q3, 2025 results on Oct 23, 2025 Board Change • Sep 09
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 not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Biyu Wan 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. Announcement • Jul 02
Beijing eGOVA Co,. Ltd to Report First Half, 2025 Results on Aug 27, 2025 Beijing eGOVA Co,. Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jun 10
Wu Qianghua cancelled the acquisition of an additional 5.07% stake in Beijing eGOVA Co,. Ltd (SZSE:300075) from Zhu Hua. Wu Qianghua signed the share transfer agreement to acquire an additional 5.07% stake in Beijing eGOVA Co,. Ltd (SZSE:300075) from Zhu Hua for approximately CNY 360 million on July 11, 2024. The consideration consists of 31.50 million shares of the buyer to be issued for common equity of Beijing eGOVA Co,. Ltd. The initial transfer price of CNY 36,000,000 will be paid within 15 working days from the date when the approval materials are approved by the SZSE and the compliance confirmation document of the target company's share agreement transfer is obtained from the SZSE and the remaining share transfer price to the transferor within six months from the date when the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. confirms the completion of the agreement transfer. The transaction is subject to approval by regulatory board / committee. As of November 26, 2024 Wu Qianghua shall pay the initial transfer price to the transferor in cash, via bank transfer to the account designated by the transferor. The transferee shall pay the remaining share transfer price to the transferor within 30 days from the date the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited confirms the completion of the transfer registration for this agreement transfer.
Wu Qianghua cancelled the acquisition of an additional 5.07% stake in Beijing eGOVA Co,. Ltd (SZSE:300075) from Zhu Hua on June 9, 2025. The relevant transfer procedures for the shares to be transferred in accordance with the agreement had not been processed. Hence, upon friendly negotiations between Wu Qianghua and Zhu Hua, they reached a consensus to terminate this share transfer and sign the termination agreement. Reported Earnings • Apr 24
Full year 2024 earnings released: CN¥0.64 loss per share (vs CN¥0.22 profit in FY 2023) Full year 2024 results: CN¥0.64 loss per share (down from CN¥0.22 profit in FY 2023). Revenue: CN¥713.3m (down 41% from FY 2023). Net loss: CN¥395.7m (down 395% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Beijing eGOVA Co,. Ltd, Annual General Meeting, May 16, 2025 Beijing eGOVA Co,. Ltd, Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: Room 101, Area 3, International Software Building, Building No. 9, Zhongguancun Software Park, Haidian District, Beijing China Announcement • Mar 31
Beijing eGOVA Co,. Ltd to Report Q1, 2025 Results on Apr 28, 2025 Beijing eGOVA Co,. Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Announcement • Dec 31
Beijing eGOVA Co,. Ltd to Report Fiscal Year 2024 Results on Apr 23, 2025 Beijing eGOVA Co,. Ltd announced that they will report fiscal year 2024 results on Apr 23, 2025 New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.083 loss per share (vs CN¥0.069 profit in 3Q 2023) Third quarter 2024 results: CN¥0.083 loss per share (down from CN¥0.069 profit in 3Q 2023). Revenue: CN¥159.0m (down 51% from 3Q 2023). Net loss: CN¥51.5m (down 221% from profit in 3Q 2023). Revenue is forecast to grow 31% 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 fallen by 31% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% 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 (7.4% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Announcement • Sep 30
Beijing eGOVA Co,. Ltd to Report Q3, 2024 Results on Oct 25, 2024 Beijing eGOVA Co,. Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Buy Or Sell Opportunity • Sep 26
Now 22% overvalued Over the last 90 days, the stock has fallen 14% to CN¥12.72. The fair value is estimated to be CN¥10.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 81% in 2 years. Earnings are forecast to grow by 218% in the next 2 years. Major Estimate Revision • Sep 05
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.70b to CN¥1.34b. EPS estimate fell from CN¥0.56 to CN¥0.24 per share. Net income forecast to grow 157% next year vs 53% growth forecast for IT industry in China. Consensus price target down from CN¥22.39 to CN¥16.97. Share price was steady at CN¥11.98 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.15 in 2Q 2023). Revenue: CN¥244.5m (down 48% from 2Q 2023). Net income: CN¥15.4m (down 83% from 2Q 2023). Profit margin: 6.3% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 31% 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 fallen by 16% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jun 29
Beijing eGOVA Co,. Ltd to Report First Half, 2024 Results on Aug 29, 2024 Beijing eGOVA Co,. Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 25
Beijing eGOVA Co,. Ltd Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Beijing eGOVA Co,. Ltd. announced final cash dividend of CNY 0.50 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024. Announcement • May 11
Beijing eGOVA Co,. Ltd Approves Cash Dividend for the Year 2023 Beijing eGOVA Co,. Ltd. announced that at the Annual General Meeting of 2023 held on 09 May 2024 approved Cash dividend/10 shares (tax included) of CNY 0.50000000 for 2023. New Risk • Apr 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Major Estimate Revision • Apr 18
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.25b to CN¥1.70b. EPS estimate fell from CN¥0.68 to CN¥0.56 per share. Net income forecast to grow 159% next year vs 53% growth forecast for IT industry in China. Consensus price target down from CN¥26.04 to CN¥22.39. Share price fell 11% to CN¥14.05 over the past week. Price Target Changed • Apr 17
Price target decreased by 12% to CN¥22.39 Down from CN¥25.43, the current price target is provided by 1 analyst. New target price is 60% above last closing price of CN¥14.00. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.22 last year. Reported Earnings • Apr 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.22 (down from CN¥0.42 in FY 2022). Revenue: CN¥1.21b (down 21% from FY 2022). Net income: CN¥134.4m (down 47% from FY 2022). Profit margin: 11% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 37% p.a. on average during the next 2 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 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥13.96, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the IT industry in China. Total returns to shareholders of 72% over the past three years. Announcement • Mar 30
Beijing eGOVA Co,. Ltd to Report Q1, 2024 Results on Apr 24, 2024 Beijing eGOVA Co,. Ltd announced that they will report Q1, 2024 results on Apr 24, 2024 New Risk • Mar 28
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.29, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.17, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the IT industry in China. Total returns to shareholders of 59% over the past three years. Announcement • Dec 30
Beijing eGOVA Co,. Ltd to Report Fiscal Year 2023 Results on Apr 12, 2024 Beijing eGOVA Co,. Ltd announced that they will report fiscal year 2023 results on Apr 12, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.069 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥326.1m (down 20% from 3Q 2022). Net income: CN¥42.4m (down 32% from 3Q 2022). Profit margin: 13% (down from 15% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% 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 19% per year and the company’s share price has also increased by 19% per year. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥466.1m (up 1.3% from 2Q 2022). Net income: CN¥89.7m (up 16% from 2Q 2022). Profit margin: 19% (up from 17% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 24% 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 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
Beijing Egova Co,. Ltd Announces Dividend of A Share for the Year 2022, Payable on 10 July 2023 Beijing eGOVA Co,. Ltd. approved Cash dividend/10 shares (tax included) of CNY 0.50000000 of A share for the year 2022. Record date is 07 July 2023. Ex-date is 10 July 2023. Payment date is 10 July 2023. Announcement • Jul 01
Beijing eGOVA Co,. Ltd to Report First Half, 2023 Results on Aug 25, 2023 Beijing eGOVA Co,. Ltd announced that they will report first half, 2023 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.17, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 33x in the IT industry in China. Total returns to shareholders of 93% over the past three years. Reported Earnings • Apr 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.51 (up from CN¥0.43 in FY 2021). Revenue: CN¥1.53b (up 3.0% from FY 2021). Net income: CN¥254.6m (up 23% from FY 2021). Profit margin: 17% (up from 14% in FY 2021). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 21% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥29.43, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 34x in the IT industry in China. Total returns to shareholders of 132% over the past three years. Price Target Changed • Mar 21
Price target increased by 39% to CN¥30.52 Up from CN¥22.00, the current price target is provided by 1 analyst. New target price is 30% above last closing price of CN¥23.46. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of CN¥0.55 for next year compared to CN¥0.43 last year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥24.22, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 31x in the IT industry in China. Total returns to shareholders of 66% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Non-Employee Supervisor Bangyan Xing is the most experienced director on the board, commencing their role in 2021. Independent Director Wan Biyu 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. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥20.16, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 71% over the past three years. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.01 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥409.3m (up 26% from 3Q 2021). Net income: CN¥62.7m (up CN¥58.0m from 3Q 2021). Profit margin: 15% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% 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 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.40, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the IT industry in China. Total returns to shareholders of 29% over the past three years. Announcement • Sep 20
Beijing eGOVA Co,. Ltd (SZSE:300075) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing eGOVA Co,. Ltd (SZSE:300075) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 23 per share. The repurchased shares will be used for the implementation of employee stock ownership plans and/or equity incentives. The company intends to use its own funds to repurchase its shares. The program will be valid for a period of 12 months. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥460.0m (up 4.5% from 2Q 2021). Net income: CN¥77.6m (down 7.0% from 2Q 2021). Profit margin: 17% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 39%, compared to a 24% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Beijing eGOVA Co,. Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 26 May 2022 Beijing eGOVA Co,. Ltd. announced final cash dividend A Shares of CNY 0.45000000 per 10 shares for 2021. Record date is 25 May 2022, Ex-date is 26 May 2022 and Payment date is 26 May 2022. Announcement • May 19
Beijing eGOVA Co,. Ltd Approves Cash Dividend for 2021 Beijing eGOVA Co,. Ltd. approved cash dividend of CNY 0.45000000 per 10 shares (tax included) for 2021, at its AGM held on 16 May 2022. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.43 (up from CN¥0.35 in FY 2020). Revenue: CN¥1.48b (up 4.7% from FY 2020). Net income: CN¥206.7m (up 30% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Beijing eGOVA Co,. Ltd, Annual General Meeting, May 16, 2022 Beijing eGOVA Co,. Ltd, Annual General Meeting, May 16, 2022, at 15:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 work report of the supervisory committee; to consider Reappointment of 2022 audit firm; to consider Shareholder return plan for the next three years from 2022 to 2024; and to consider Amendments to the Company's articles of association. Announcement • Apr 23
Beijing eGOVA Co,. Ltd Proposes Final Dividend for 2021 Beijing eGOVA Co,. Ltd. announced on 22 April 2022 the profit distribution proposal for 2021 of CNY 0.45000000 per 10 shares (tax included). Reported Earnings • Apr 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.43 (up from CN¥0.35 in FY 2020). Revenue: CN¥1.48b (up 4.7% from FY 2020). Net income: CN¥206.7m (up 30% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥20.19, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 45x in the IT industry in China. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥25.47, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 45x in the IT industry in China. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥22.47, the stock trades at a trailing P/E ratio of 55.1x. Average trailing P/E is 49x in the IT industry in China. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.99, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 46x in the IT industry in China. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorated over the past week After last week's 25% share price decline to CN¥20.90, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 45x in the IT industry in China. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.66, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 46x in the IT industry in China. Total returns to shareholders of 56% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.006 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥324.3m (up 21% from 3Q 2020). Net income: CN¥4.76m (up 72% from 3Q 2020). Profit margin: 1.5% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.20, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 44x in the IT industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥440.2m (up 45% from 2Q 2020). Net income: CN¥83.4m (up 78% from 2Q 2020). Profit margin: 19% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. 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 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥13.25, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 44x in the IT industry in China. Total returns to shareholders of 8.3% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥12.02, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 46x in the IT industry in China. Total loss to shareholders of 13% over the past three years. Announcement • May 27
Beijing eGOVA Co,. Ltd Announces Cash Dividend for the Year 2020, Payable on June 1, 2021 Beijing eGOVA Co,. Ltd. announced cash dividend per 10 shares (tax included) of CNY 0.40000000 for the year 2020, payable on June 1, 2021. Record date is June 1, 2021 and ex-date is June 2, 2021. Announcement • May 22
Beijing Egova Co,. Ltd Approves Cash Dividend Beijing eGOVA Co,. Ltd. held its Annual General Meeting of 2020 on 20 May 2021, during which it approved: Cash dividend/10 shares (tax included): CNY 0.40000000. Announcement • Apr 28
Beijing eGOVA Co,. Ltd Proposes Final Cash Dividend for the Year 2020 Beijing eGOVA Co,. Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.40000000 for the year 2020. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS CN¥0.35 (vs CN¥0.31 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¥1.41b (up 12% from FY 2019). Net income: CN¥158.7m (up 21% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥10.18 The company is down 17% from its price of CN¥12.32 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 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.64 per share. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥10.46 The company is down 25% from its price of CN¥13.92 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 IT industry, which is down 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.62 per share. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥11.41 The company is down 15% from its price of CN¥13.39 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 IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.60 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥11.74 The company is down 15% from its price of CN¥13.81 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.98 per share. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥13.01 The company is down 14% from its price of CN¥15.08 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.12 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥109.3m, down 11% from the prior year. Total revenue was CN¥1.26b over the last 12 months, down 12% from the prior year. Announcement • Oct 20
Beijing eGOVA Co,. Ltd to Report Q3, 2020 Results on Oct 28, 2020 Beijing eGOVA Co,. Ltd announced that they will report Q3, 2020 results on Oct 28, 2020 Announcement • Sep 18
Ningbo Tongtong Yilian Technology Partnership (Limited Partnership) agreed to acquire 23.5% stake in Beijing Tongtong Yilian Technology Co., Ltd. from Beijing eGOVA Co,. Ltd (SZSE:300075) for CNY 4.8 million. Ningbo Tongtong Yilian Technology Partnership (Limited Partnership) agreed to acquire 23.5% stake in Beijing Tongtong Yilian Technology Co., Ltd. from Beijing eGOVA Co,. Ltd (SZSE:300075) for CNY 4.8 million on September 17, 2020. Post completion, Beijing eGOVA Co,. Ltd will hold 10.41% stake of Beijing Tongtong Yilian Technology Co., Ltd. For the year ended December 31, 2019, Beijing Tongtong Yilian Technology Co., Ltd. has reported total assets of CNY 123.88 million, net assets of CNY 1043 million, revenues of CNY 62.66 million and net loss of CNY 12.96 million. Announcement • Aug 18
Beijing eGOVA Co,. Ltd announced that it has received CNY 600 million in funding from a group of investors On July 31, 2020, Beijing eGOVA Co,. Ltd (SZSE:300075) closed the transaction. The company amended the terms of the transaction and now issued 48,000,000 A shares of par value CNY 1 per share at an issue price of CNY 12.50 per share for gross proceeds of CNY 600,000,000 in the transaction. The transaction included participation from 17 specific investors including China Industrial Securities Global Fund Management Co., Ltd. for CNY 100,600,000, individual investor Zuo Zhimin for CNY 72,800,000 and returning investor Caitong Fund Management Co., Ltd. for CNY 66,000,000. The company received net proceeds of CNY 585,858,781.70 in the transaction. The shares issued will have a hold period of 6 months from the date of listing of the shares. Announcement • Aug 11
Beijing eGOVA Co,. Ltd to Report First Half, 2020 Results on Aug 27, 2020 Beijing eGOVA Co,. Ltd announced that they will report first half, 2020 results on Aug 27, 2020