Announcement • Jun 30
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • May 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 72% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.02 in FY 2024) Full year 2025 results: EPS: CN¥0.026 (up from CN¥0.02 in FY 2024). Revenue: CN¥247.2m (down 16% from FY 2024). Net income: CN¥15.5m (up 14% from FY 2024). Profit margin: 6.3% (up from 4.6% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Jiangsu Wanlin Modern Logistics Co., Ltd., Annual General Meeting, May 22, 2026 Jiangsu Wanlin Modern Logistics Co., Ltd., Annual General Meeting, May 22, 2026, at 13:30 China Standard Time. Location: 31F, Phase 2, No. 1438, Hongqiao Road, Changning District, Shanghai China Announcement • Mar 30
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.005 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.004 (down from CN¥0.005 in 3Q 2024). Revenue: CN¥58.6m (down 13% from 3Q 2024). Net income: CN¥4.17m (down 7.6% from 3Q 2024). Profit margin: 7.1% (up from 6.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 20
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. This is currently the only risk that has been identified for the company. Announcement • May 18
Jiangsu Wanlin Modern Logistics Co., Ltd. announced that it has received CNY 850.381494 million in funding Jiangsu Wanlin Modern Logistics Co., Ltd. announced a private placement that it has issued 51,820,932 A shares at an issue price of CNY 16.41 per share for the gross proceeds of up to CNY 850,381,494.12 on May 17, 2025. After deducting the issuance fee of CNY 28,435,000.00, the actual net amount of funds raised was CNY 821,946,494.12. Announcement • Apr 29
Jiangsu Wanlin Modern Logistics Co., Ltd., Annual General Meeting, May 28, 2025 Jiangsu Wanlin Modern Logistics Co., Ltd., Annual General Meeting, May 28, 2025, at 13:30 China Standard Time. Announcement • Mar 28
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (13% average weekly change). Announcement • Dec 27
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Dec 27
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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 48% per year over the past 5 years. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: CN¥0.005 (vs CN¥0.081 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.005 (down from CN¥0.081 in 3Q 2023). Revenue: CN¥67.5m (down 13% from 3Q 2023). Net income: CN¥4.51m (down 76% from 3Q 2023). Profit margin: 6.7% (down from 24% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Sep 30
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.036 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.018 (up from CN¥0.036 loss in 2Q 2023). Revenue: CN¥81.6m (down 23% from 2Q 2023). Net income: CN¥12.0m (up CN¥34.9m from 2Q 2023). Profit margin: 15% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jun 28
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 27
Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) announces an Equity Buyback for CNY 300 million worth of its shares. Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The program will be valid for 3 months. Announcement • Apr 30
Jiangsu Wanlin Modern Logistics Co., Ltd., Annual General Meeting, Jun 05, 2024 Jiangsu Wanlin Modern Logistics Co., Ltd., Annual General Meeting, Jun 05, 2024, at 13:30 China Standard Time. Location: 28F, Phase II, No. 1438, Hongqiao Road, Changning District, Shanghai China Reported Earnings • Apr 29
Full year 2023 earnings released: CN¥0.36 loss per share (vs CN¥0.94 loss in FY 2022) Full year 2023 results: CN¥0.36 loss per share (improved from CN¥0.94 loss in FY 2022). Revenue: CN¥388.3m (down 13% from FY 2022). Net loss: CN¥227.7m (loss narrowed 62% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.081 (vs CN¥0.034 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.081 (up from CN¥0.034 loss in 3Q 2022). Revenue: CN¥77.6m (down 25% from 3Q 2022). Net income: CN¥18.5m (up CN¥45.8m from 3Q 2022). Profit margin: 24% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥105.6m (down 16% from 2Q 2022). Net loss: CN¥22.9m (loss widened 39% from 2Q 2022). Board Change • Aug 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Dirtector Xiaoming Yang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report First Half, 2023 Results on Jul 29, 2023 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report first half, 2023 results on Jul 29, 2023 Announcement • May 17
Wanlin Modern Logistics's Controlling Shareholder Plans to Raise Stake in the Company Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) said controlling shareholder plans to raise holdings in the company by 1.5% - 3.0% within six months. Reported Earnings • Apr 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: CN¥123.7m (up 18% from 1Q 2022). Net loss: CN¥140.7k (down 112% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.034 loss per share (vs CN¥0.012 profit in 3Q 2021) Third quarter 2022 results: CN¥0.034 loss per share (down from CN¥0.012 profit in 3Q 2021). Revenue: CN¥103.4m (down 31% from 3Q 2021). Net loss: CN¥27.3m (down 344% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥126.1m (down 23% from 2Q 2021). Net loss: CN¥16.5m (down 185% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Jun 15
Jiangsu Wanlin Modern Logistics Co., Ltd.(SHSE:603117) dropped from Shanghai Stock Exchange Composite Index Jiangsu Wanlin Modern Logistics Co., Ltd. has been dropped off from Shanghai Stock Exchange Composite Index Reported Earnings • Apr 30
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: CN¥0.45 loss per share (down from CN¥0.08 profit in FY 2020). Revenue: CN¥579.9m (down 20% from FY 2020). Net loss: CN¥283.3m (down CN¥331.2m from profit in FY 2020). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥4.79, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 25x in the Logistics industry in China. Total loss to shareholders of 21% over the past three years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.02 in 3Q 2020) The company reported a mediocre third quarter result with weaker revenues, although earnings were flat and profit margins improved. Third quarter 2021 results: Revenue: CN¥149.6m (down 21% from 3Q 2020). Net income: CN¥11.2m (flat on 3Q 2020). Profit margin: 7.5% (up from 5.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.025 (vs CN¥0.02 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥164.4m (down 5.8% from 2Q 2020). Net income: CN¥19.3m (up 48% from 2Q 2020). Profit margin: 12% (up from 7.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
Full year 2020 earnings released: EPS CN¥0.08 (vs CN¥0.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥721.1m (down 23% from FY 2019). Net income: CN¥47.9m (down 35% from FY 2019). Profit margin: 6.6% (down from 7.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥3.19 The company is down 13% from its price of CN¥3.66 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 Logistics industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥3.35 The company is down 13% from its price of CN¥3.87 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 Logistics industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.54 The company is down 5.0% from its price of CN¥3.71 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 Logistics industry, which is up 4.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥44.1m, down 46% from the prior year. Total revenue was CN¥822.0m over the last 12 months, down 16% from the prior year. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.57 The company is down 12% from its price of CN¥4.08 on 31 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 Logistics industry, which is up 8.0% over the same period. Announcement • Oct 29
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 21
Gongqingcheng Surui Investment Co., Ltd. completed the acquisition of a 7.83% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Shanghai Hurui Industry Co., Ltd. Gongqingcheng Surui Investment Co., Ltd. signed an agreement to acquire a 7.83% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Shanghai Hurui Industry Co., Ltd. for approximately CNY 200 million on July 6, 2020. Gongqingcheng Surui Investment will acquire 50 million shares at an offer per share of CNY 4.02. Within 3 working days after the agreement effective date, the Gongqingcheng Surui Investment will pay CNY 21 million to the Shanghai Hurui Industry’s designated account. Within 3 working days after the Gongqingcheng Surui Investment obtained the confirmation opinion issued by Shanghai Stock Exchange for this transfer, the Gongqingcheng Surui Investment will pay CNY 20 million to the Shanghai Hurui Industry’s designated account. Within 3 working days after the completion of the transfer registration, the Gongqingcheng Surui Investment will pay the remaining CNY 160 million to the Shanghai Hurui Industry’s designated account.
Gongqingcheng Surui Investment Co., Ltd. completed the acquisition of a 7.83% stake in Jiangsu Wanlin Modern Logistics Co., Ltd. (SHSE:603117) from Shanghai Hurui Industry Co., Ltd. on July 15, 2020. Announcement • Jul 18
Jiangsu Wanlin Modern Logistics Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Jiangsu Wanlin Modern Logistics Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 
