Announcement • Jun 30
Qtone Education Group (Guangdong) Co.,Ltd to Report First Half, 2026 Results on Aug 29, 2026 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 73% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.16 loss in FY 2024) Full year 2025 results: CN¥0.11 loss per share (improved from CN¥0.16 loss in FY 2024). Revenue: CN¥300.8m (down 32% from FY 2024). Net loss: CN¥69.3m (loss narrowed 34% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Qtone Education Group (Guangdong) Co.,Ltd, Annual General Meeting, May 22, 2026 Qtone Education Group (Guangdong) Co.,Ltd, Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 18F, Block 5, No. 88, Zhongshan 4th Road, East District, Zhongshan, Guangdong China Announcement • Mar 31
Qtone Education Group (Guangdong) Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Qtone Education Group (Guangdong) Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.041 loss per share (vs CN¥0.058 loss in 3Q 2024) Third quarter 2025 results: CN¥0.041 loss per share (improved from CN¥0.058 loss in 3Q 2024). Revenue: CN¥81.9m (down 7.9% from 3Q 2024). Net loss: CN¥23.7m (loss narrowed 17% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Qtone Education Group (Guangdong) Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Qtone Education Group (Guangdong) Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 29
Full year 2024 earnings released: CN¥0.16 loss per share (vs CN¥0.01 profit in FY 2023) Full year 2024 results: CN¥0.16 loss per share (down from CN¥0.01 profit in FY 2023). Revenue: CN¥442.6m (down 31% from FY 2023). Net loss: CN¥104.5m (down CN¥110.9m 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 108 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Qtone Education Group (Guangdong) Co.,Ltd, Annual General Meeting, May 23, 2025 Qtone Education Group (Guangdong) Co.,Ltd, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Announcement • Mar 31
Qtone Education Group (Guangdong) Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Feb 13
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 8.5% 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. Announcement • Dec 31
Qtone Education Group (Guangdong) Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Announcement • Sep 30
Qtone Education Group (Guangdong) Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Aug 06
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). Large one-off items impacting financial results. Announcement • Jun 29
Qtone Education Group (Guangdong) Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 30
Qtone Education Group (Guangdong) Co.,Ltd, Annual General Meeting, May 23, 2024 Qtone Education Group (Guangdong) Co.,Ltd, Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: 18F, Block 5, No. 88, Zhongshan 4th Road, East District, Zhongshan, Guangdong China Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in FY 2022) Full year 2023 results: EPS: CN¥0.01 (down from CN¥0.02 in FY 2022). Revenue: CN¥643.8m (up 6.4% from FY 2022). Net income: CN¥6.45m (down 49% from FY 2022). Profit margin: 1.0% (down from 2.1% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Qtone Education Group (Guangdong) Co.,Ltd to Report Q1, 2024 Results on Apr 29, 2024 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 New Risk • Feb 19
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 9.3% 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. Announcement • Dec 29
Qtone Education Group (Guangdong) Co.,Ltd to Report Fiscal Year 2023 Results on Apr 29, 2024 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥120.2m (down 18% from 3Q 2022). Net loss: CN¥6.43m (down 111% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.005 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.009 (up from CN¥0.005 in 2Q 2022). Revenue: CN¥187.7m (up 33% from 2Q 2022). Net income: CN¥11.6m (up 304% from 2Q 2022). Profit margin: 6.2% (up from 2.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.004 profit in 1Q 2022) First quarter 2023 results: CN¥0.01 loss per share (down from CN¥0.004 profit in 1Q 2022). Revenue: CN¥104.6m (flat on 1Q 2022). Net loss: CN¥3.29m (down 233% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.22, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 66x in the Software industry in China. Total returns to shareholders of 9.9% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.013 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.067 (up from CN¥0.013 in 3Q 2021). Revenue: CN¥146.5m (down 12% from 3Q 2021). Net income: CN¥60.6m (up CN¥55.4m from 3Q 2021). Profit margin: 41% (up from 3.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥141.0m (down 15% from 2Q 2021). Net income: CN¥2.88m (up CN¥4.00m from 2Q 2021). Profit margin: 2.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.01 (down from CN¥0.08 in FY 2020). Revenue: CN¥722.2m (up 2.4% from FY 2020). Net income: CN¥8.40m (down 83% from FY 2020). Profit margin: 1.2% (down from 7.1% in FY 2020). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 67%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Non-Independent Director Fan Deng was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 02
Qtone Education Group (Guangdong) Co.,Ltd announced a financing transaction Qtone Education Group (Guangdong) Co.,Ltd announced that it has entered into an Share Subscription Agreement for a private placement of common shares on February 28, 2022. The transaction has been approved in the 9th Extraordinary Meeting of the 4th Directorate and the 9th Extraordinary Meeting of the 4th Supervisory Board of the company. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.013 (vs CN¥0.03 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¥166.5m (up 17% from 3Q 2020). Net income: CN¥5.28m (down 72% from 3Q 2020). Profit margin: 3.2% (down from 13% in 3Q 2020). 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2021 earnings released: CN¥0.002 loss per share (vs CN¥0.01 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥166.5m (up 10% from 2Q 2020). Net loss: CN¥1.13m (down 118% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Aug 26
Nanchang Economic Development Zone Chinese Xushun Enterprise Management Partnership Enterprise completed the acquisition of an additional 8% minority stake in Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359) from Chen Chichang and Quanding Capital Management Co., Ltd. Nanchang Economic Development Zone Chinese Xushun Enterprise Management Partnership Enterprise signed a share transfer agreement to acquire an additional 8% minority stake in Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359) from Chen Chichang and Quanding Capital Management Co., Ltd. for approximately CNY 260 million on August 10, 2021. under the transaction, Nanchang Economic Development Zone Chinese Xushun Enterprise Management Partnership Enterprise will acquire 50,728,274 shares at a price of CNY 5.04 per share. Under the transaction, Quanding Capital Management Co., Ltd. will sell 5.0322% stake and Chen Chichang will sell 2.9734% stake. Post transaction, Quanding Capital Management Co., Ltd. will not have any stake, whereas, Nanchang Economic Development Zone Chinese Xushun Enterprise Management Partnership Enterprise and Chen Chichang will have 14.9014% stake and 14.9014% stake in Qtone Education Group (Guangdong) Co.,Ltd, respectively.
Nanchang Economic Development Zone Chinese Xushun Enterprise Management Partnership Enterprise completed the acquisition of an additional 8% minority stake in Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359) from Chen Chichang and Quanding Capital Management Co., Ltd. on August 24, 2021. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥5.62, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 50x in the Software industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.08 (vs CN¥1.11 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥705.5m (down 1.7% from FY 2019). Net income: CN¥50.0m (up CN¥755.0m from FY 2019). Profit margin: 7.1% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥5.70 The company is down 28% from its price of CN¥7.92 on 13 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 Software industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥5.90 The company is down 19% from its price of CN¥7.30 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: CN¥6.62 The company is down 44% from its price of CN¥11.75 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: CN¥6.76 The company is down 2.0% from its price of CN¥6.93 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 10.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥659.0m, with losses narrowing by 3.2% from the prior year. Total revenue was CN¥657.8m over the last 12 months, down 20% from the prior year. Announcement • Aug 11
Qtone Education Group (Guangdong) Co.,Ltd to Report First Half, 2020 Results on Aug 27, 2020 Qtone Education Group (Guangdong) Co.,Ltd announced that they will report first half, 2020 results on Aug 27, 2020 
