Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.09 loss per share (vs CN¥0.17 loss in FY 2024) Full year 2025 results: CN¥0.09 loss per share (improved from CN¥0.17 loss in FY 2024). Revenue: CN¥515.6m (up 9.6% from FY 2024). Net loss: CN¥35.0m (loss narrowed 46% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Merit Interactive Co.,Ltd., Annual General Meeting, May 20, 2026 Merit Interactive Co.,Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: South Tower, No. 100, Jingda Road, Xihu District, Hangzhou, Zhejiang China Announcement • Mar 31
Merit Interactive Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Merit Interactive Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Feb 24
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 67% per year over the past 5 years. New Risk • Jan 12
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 8.4% 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: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Dec 31
Merit Interactive Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Merit Interactive 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¥0.059 loss per share (vs CN¥0.006 profit in 3Q 2024) Third quarter 2025 results: CN¥0.059 loss per share (down from CN¥0.006 profit in 3Q 2024). Revenue: CN¥115.9m (flat on 3Q 2024). Net loss: CN¥22.3m (down CN¥24.5m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Merit Interactive Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Merit Interactive Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: CN¥0.038 loss per share (vs CN¥0.018 profit in 2Q 2024) Second quarter 2025 results: CN¥0.038 loss per share (down from CN¥0.018 profit in 2Q 2024). Revenue: CN¥119.3m (up 2.1% from 2Q 2024). Net loss: CN¥15.4m (down 294% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance. New Risk • Aug 15
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 6.6% 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 Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Jul 02
Merit Interactive Co.,Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Merit Interactive Co.,Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Reported Earnings • May 03
First quarter 2025 earnings released: CN¥0.042 loss per share (vs CN¥0.01 loss in 1Q 2024) First quarter 2025 results: CN¥0.042 loss per share (further deteriorated from CN¥0.01 loss in 1Q 2024). Revenue: CN¥99.2m (down 1.0% from 1Q 2024). Net loss: CN¥16.5m (loss widened 336% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 175 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Merit Interactive Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Merit Interactive Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Mar 27
Full year 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.13 loss in FY 2023) Full year 2024 results: CN¥0.17 loss per share (further deteriorated from CN¥0.13 loss in FY 2023). Revenue: CN¥470.4m (up 9.4% from FY 2023). Net loss: CN¥64.8m (loss widened 30% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 161 percentage points per year, which is a significant difference in performance. Announcement • Mar 26
Merit Interactive Co.,Ltd., Annual General Meeting, Apr 16, 2025 Merit Interactive Co.,Ltd., Annual General Meeting, Apr 16, 2025, at 14:00 China Standard Time. Location: South Tower, No. 100, Jingda Road, Xihu District, Hangzhou, Zhejiang China Announcement • Dec 31
Merit Interactive Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 Merit Interactive Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.019 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.006 (up from CN¥0.019 loss in 3Q 2023). Revenue: CN¥116.3m (up 19% from 3Q 2023). Net income: CN¥2.20m (up CN¥9.62m from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Merit Interactive Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Merit Interactive Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.016 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.018 (up from CN¥0.016 in 2Q 2023). Revenue: CN¥116.9m (up 12% from 2Q 2023). Net income: CN¥7.94m (up 26% from 2Q 2023). Profit margin: 6.8% (up from 6.0% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Merit Interactive Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Merit Interactive Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Jun 18
New major risk - Revenue and earnings growth Earnings have declined by 47% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 47% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10.0% average weekly change). Reported Earnings • Apr 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.13 loss per share (down from CN¥0.07 profit in FY 2022). Revenue: CN¥429.9m (down 18% from FY 2022). Net loss: CN¥49.9m (down 290% from profit in FY 2022). Revenue missed analyst estimates by 21%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Merit Interactive Co.,Ltd., Annual General Meeting, May 28, 2024 Merit Interactive Co.,Ltd., Annual General Meeting, May 28, 2024, at 14:30 China Standard Time. Location: South Tower, No. 100, Jingda Road, Xihu District, Hangzhou, Zhejiang China Announcement • Mar 30
Merit Interactive Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Merit Interactive Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 05
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 8.4% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Dec 29
Merit Interactive Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Merit Interactive Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Announcement • Nov 17
Merit Interactive Co.,Ltd. Elects Yin Zuyong as Director Merit Interactive Co.,Ltd. announced that at its Extraordinary General Meeting held on 14 November 2023, approved the election of Yin Zuyong as a director. Reported Earnings • Oct 25
Third quarter 2023 earnings released: CN¥0.019 loss per share (vs CN¥0.016 loss in 3Q 2022) Third quarter 2023 results: CN¥0.019 loss per share (further deteriorated from CN¥0.016 loss in 3Q 2022). Revenue: CN¥98.1m (down 7.2% from 3Q 2022). Net loss: CN¥7.43m (loss widened 4.6% from 3Q 2022). Revenue is forecast to grow 21% 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 37% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Merit Interactive Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Merit Interactive Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 New Risk • Aug 22
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 8.4% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.03 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.03 in 2Q 2022). Revenue: CN¥104.7m (down 15% from 2Q 2022). Net income: CN¥6.29m (down 45% from 2Q 2022). Profit margin: 6.0% (down from 9.4% in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year. Announcement • Jul 06
Merit Interactive Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 11, 2023 Merit Interactive Co.,Ltd. announced final cash dividend of CNY 0.50 per 10 shares on A shares for the year 2022. Record date is July 10, 2023, Ex-Date is July 11, 2023 and Payment Date is July 11, 2023. Announcement • Jun 01
Merit Interactive Co.,Ltd. Approves Cash Dividend for 2022 Merit Interactive Co.,Ltd. approved cash dividend per 10 shares (tax included) of CNY 0.50000000 for 2022 at its annual general meeting held on 26 May 2023. Announcement • May 19
M.R.Tech Co., Ltd. Approves 2022 Profit Distribution Plan M.R.Tech Co. Ltd. at its AGM held on May 17, 2023, approved 2022 profit distribution plan. The AGM approved cash dividend/10 shares (tax included) of CNY 0.50000000. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.07 (down from CN¥0.29 in FY 2021). Revenue: CN¥525.9m (down 12% from FY 2021). Net income: CN¥26.3m (down 77% from FY 2021). Profit margin: 5.0% (down from 19% in FY 2021). The decrease in margin was primarily driven by lower revenue. 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 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.18, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 46x in the IT industry in China. Total loss to shareholders of 63% over the past three years. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Bin Guo was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 06
Merit Interactive Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2021, Payable on 11 July 2021 Merit Interactive Co.,Ltd. announced a final cash dividend of CNY 0.50000000 per 10 A shares (tax included) for the year 2021. The company announced final cash dividend/10 shares (tax included) of CNY 0.50000000. Record date: 08 July 2022, Ex-date: 11 July 2022 and Payment date: 11 July 2022. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2021). Revenue: CN¥159.9m (up 24% from 1Q 2021). Net income: CN¥16.5m (down 14% from 1Q 2021). Profit margin: 10% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.18 in FY 2020). Revenue: CN¥600.5m (up 20% from FY 2020). Net income: CN¥114.1m (up 59% from FY 2020). Profit margin: 19% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥12.90, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 42x in the IT industry in China. Total loss to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥17.16, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 49x in the IT industry in China. Total returns to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥14.00, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 49x in the IT industry in China. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.93, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 48x in the IT industry in China. Total loss to shareholders of 38% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.091 (vs CN¥0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥158.3m (up 25% from 3Q 2020). Net income: CN¥33.4m (up 66% from 3Q 2020). Profit margin: 21% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.091 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥139.0m (flat on 2Q 2020). Net income: CN¥36.4m (up 6.5% from 2Q 2020). Profit margin: 26% (up from 25% in 2Q 2020). Announcement • May 29
Merit Interactive Co., Ltd. Approves Cash Dividend for the Year 2020 Merit Interactive Co., Ltd. announced that at its Annual General Meeting of 2020 held on 25 May 2021, approved Cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2020. Announcement • Apr 27
Merit Interactive Co., Ltd. Proposes Final Dividend for the Year 2020 Merit Interactive Co., Ltd. proposed cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2020. Reported Earnings • Apr 26
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.28 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥501.4m (down 6.9% from FY 2019). Net income: CN¥72.0m (down 34% from FY 2019). Profit margin: 14% (down from 20% in FY 2019). Is New 90 Day High Low • Feb 01
New 90-day low: CN¥15.61 The company is down 43% from its price of CN¥27.17 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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¥1.98 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥15.72 The company is down 49% from its price of CN¥30.54 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 IT industry, which is down 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.97 per share. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥26.44 The company is down 23% from its price of CN¥34.23 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.72 per share. Major Estimate Revision • Nov 03
Analysts lower revenue estimates to CN¥615.9m The 2020 consensus revenue estimate decreased from CN¥693.0m. Earning per share (EPS) estimate was also lowered from CN¥0.46 to CN¥0.38 for the same period. Net income is expected to grow by 192% next year compared to 45% growth forecast for the IT industry in China. The consensus price target was lowered from CN¥45.00 to CN¥39.40. Share price is down by 6.2% to CN¥27.17 over the past week. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥79.2m, down 55% from the prior year. Total revenue was CN¥547.2m over the last 12 months, up 3.4% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day low: CN¥28.46 The company is down 23% from its price of CN¥37.20 on 21 July 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.40 per share. Announcement • Sep 29
Zhejiang Merit Interactive Network Technology Co., Ltd. announced that it expects to receive CNY 1.1 billion in funding Zhejiang Merit Interactive Network Technology Co., Ltd. (SZSE:300766) announced a private placement of not more than 40,010,000 A shares for gross proceeds of not more than CNY 1,100,000,000 on September 24, 2020. The issue price of the share shall not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The transaction has been approved at the 15th meeting of the 2nd directorate and the 13th meeting of the 2nd supervisory board of the company. The transaction is subject to approval at the shareholders meeting, from Shenzhen Stock Exchange, and China Securities Regulatory Commission. The securities issued cannot be transferred within 6 months from the issuance closing date. Announcement • Aug 13
Zhejiang Merit Interactive Network Technology Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Zhejiang Merit Interactive Network Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020