New Risk • Jul 17
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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Announcement • Jun 30
Guangzhou Haige Communications Group Incorporated Company to Report First Half, 2026 Results on Aug 25, 2026 Guangzhou Haige Communications Group Incorporated Company announced that they will report first half, 2026 results on Aug 25, 2026 Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Yikun Zhu was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Guangzhou Haige Communications Group Incorporated Company to Report Q1, 2026 Results on Apr 25, 2026 Guangzhou Haige Communications Group Incorporated Company announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Mar 28
Guangzhou Haige Communications Group Incorporated Company, Annual General Meeting, Apr 24, 2026 Guangzhou Haige Communications Group Incorporated Company, Annual General Meeting, Apr 24, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Dec 31
Guangzhou Haige Communications Group Incorporated Company to Report Fiscal Year 2025 Results on Mar 28, 2026 Guangzhou Haige Communications Group Incorporated Company announced that they will report fiscal year 2025 results on Mar 28, 2026 Announcement • Sep 30
Guangzhou Haige Communications Group Incorporated Company to Report Q3, 2025 Results on Oct 30, 2025 Guangzhou Haige Communications Group Incorporated Company announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Guangzhou Haige Communications Group Incorporated Company to Report First Half, 2025 Results on Aug 09, 2025 Guangzhou Haige Communications Group Incorporated Company announced that they will report first half, 2025 results on Aug 09, 2025 Announcement • May 24
Guangzhou Haige Communications Group Incorporated Company Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2024, Payable on 30 May 2025 Guangzhou Haige Communications Group Incorporated Company announced 2024 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.60000000. Record date: 29 May 2025, Ex-date: 30 May 2025, Payment date: 30 May 2025. Announcement • Apr 01
Guangzhou Haige Communications Group Incorporated Company Proposes Final Cash Dividend for the Year 2024 Guangzhou Haige Communications Group Incorporated Company announced on 31 March 2025 the profit distribution proposal for the year 2024 as final cash dividend (tax included) of CNY 0.60000000 per 10 shares. Announcement • Mar 29
Guangzhou Haige Communications Group Incorporated Company, Annual General Meeting, Apr 25, 2025 Guangzhou Haige Communications Group Incorporated Company, Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Dec 31
Guangzhou Haige Communications Group Incorporated Company to Report Fiscal Year 2024 Results on Mar 29, 2025 Guangzhou Haige Communications Group Incorporated Company announced that they will report fiscal year 2024 results on Mar 29, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.68, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 36% over the past three years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.021 profit in 3Q 2023) Third quarter 2024 results: CN¥0.004 loss per share (down from CN¥0.021 profit in 3Q 2023). Revenue: CN¥1.18b (up 1.5% from 3Q 2023). Net loss: CN¥10.9m (down 123% from profit in 3Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. 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 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥10.62, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 8.6% over the past three years. Announcement • Sep 30
Guangzhou Haige Communications Group Incorporated Company to Report Q3, 2024 Results on Oct 29, 2024 Guangzhou Haige Communications Group Incorporated Company announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.055 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥1.45b (down 22% from 2Q 2023). Net income: CN¥153.3m (down 43% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Guangzhou Haige Communications Group Incorporated Company to Report First Half, 2024 Results on Aug 24, 2024 Guangzhou Haige Communications Group Incorporated Company announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • May 25
Guangzhou Haige Communications Group Incorporated Company Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 31 May 2024 Guangzhou Haige Communications Group Incorporated Company announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.50000000 for the year 2023, payable on 31 May 2024. Record date is 30 May 2024. Ex-date is 31 May 2024. New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Announcement • Mar 30
Guangzhou Haige Communications Group Incorporated Company to Report Q1, 2024 Results on Apr 24, 2024 Guangzhou Haige Communications Group Incorporated Company announced that they will report Q1, 2024 results on Apr 24, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.29 in FY 2022) Full year 2023 results: EPS: CN¥0.30 (up from CN¥0.29 in FY 2022). Revenue: CN¥6.45b (up 15% from FY 2022). Net income: CN¥703.0m (up 5.2% from FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Announcement • Mar 29
Guangzhou Haige Communications Group Incorporated Company, Annual General Meeting, Apr 23, 2024 Guangzhou Haige Communications Group Incorporated Company, Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.63, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Dec 30
Guangzhou Haige Communications Group Incorporated Company to Report Fiscal Year 2023 Results on Mar 29, 2024 Guangzhou Haige Communications Group Incorporated Company announced that they will report fiscal year 2023 results on Mar 29, 2024 New Risk • Dec 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (7.7% increase in shares outstanding). New Risk • Nov 03
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 6.4% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.021 (vs CN¥0.042 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.021 (down from CN¥0.042 in 3Q 2022). Revenue: CN¥1.16b (down 5.4% from 3Q 2022). Net income: CN¥47.2m (down 55% from 3Q 2022). Profit margin: 4.1% (down from 8.5% in 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Announcement • Oct 01
Guangzhou Haige Communications Group Incorporated Company to Report Q3, 2023 Results on Oct 19, 2023 Guangzhou Haige Communications Group Incorporated Company announced that they will report Q3, 2023 results on Oct 19, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥1.84b (up 19% from 2Q 2022). Net income: CN¥269.1m (up 12% from 2Q 2022). Profit margin: 15% (in line with 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications 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 10% per year, which means it is significantly lagging earnings. Announcement • May 06
Guangzhou Haige Communications Group Incorporated Company Announces Final Profit Distribution Plan to Be Implemented on A Shares, Payable on 11 May 2023 Guangzhou Haige Communications Group Incorporated Company announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.50000000 for the year 2022, payable on 11 May 2023. Record date is 10 May 2023. Ex-date is 11 May 2023. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.28 in FY 2021) Full year 2022 results: EPS: CN¥0.29 (up from CN¥0.28 in FY 2021). Revenue: CN¥5.62b (up 2.6% from FY 2021). Net income: CN¥668.2m (up 2.2% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications 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 fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. Independent Director Xin Chun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.042 (vs CN¥0.046 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.042 (down from CN¥0.046 in 3Q 2021). Revenue: CN¥1.22b (up 9.8% from 3Q 2021). Net income: CN¥103.8m (down 3.4% from 3Q 2021). Profit margin: 8.5% (down from 9.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.099 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.099 in 2Q 2021). Revenue: CN¥1.55b (down 1.4% from 2Q 2021). Net income: CN¥239.3m (up 5.7% from 2Q 2021). Profit margin: 16% (up from 14% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 23%, compared to a 33% growth forecast for the Communications industry in China. 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 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 05
Upcoming dividend of CN¥0.15 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Chinese dividend payers (2.2%). Higher than average of industry peers (0.9%). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Xin Chun Li was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.28 (vs CN¥0.25 in FY 2020) Full year 2021 results: EPS: CN¥0.28 (up from CN¥0.25 in FY 2020). Revenue: CN¥5.47b (up 6.9% from FY 2020). Net income: CN¥653.6m (up 12% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the next year, revenue is forecast to grow 16%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥10.09, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.58 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.046 (vs CN¥0.05 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¥1.11b (up 12% from 3Q 2020). Net income: CN¥107.4m (down 8.2% from 3Q 2020). Profit margin: 9.6% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.11 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.57b (up 19% from 2Q 2020). Net income: CN¥226.4m (up 24% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.01 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥872.3m (up 11% from 1Q 2020). Net income: CN¥48.3m (up 53% from 1Q 2020). Profit margin: 5.5% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.23 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¥5.12b (up 11% from FY 2019). Net income: CN¥585.6m (up 13% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.23 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¥5.13b (up 11% from FY 2019). Net income: CN¥584.5m (up 13% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥10.24 The company is down 9.0% from its price of CN¥11.26 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.54 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥10.71 The company is down 13% from its price of CN¥12.34 on 18 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 Communications 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¥9.62 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥539.1m, up 11% from the prior year. Total revenue was CN¥4.86b over the last 12 months, up 12% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥11.15 The company is down 23% from its price of CN¥14.40 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.69 per share. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥11.65 The company is down 9.0% from its price of CN¥12.76 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.74 per share.