Announcement • Jun 30
Beijing Changjiu Logistics Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026 Beijing Changjiu Logistics Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026 Announcement • Jun 23
Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) 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 of CNY 6.1 per share. The repurchases will be funded using own funds and/or Self-Financing. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program is valid for 12 months from board approval date. Declared Dividend • Jun 08
Dividend of CN¥0.34 announced Shareholders will receive a dividend of CN¥0.34. Ex-date: 15th June 2026 Payment date: 15th June 2026 Dividend yield will be 11%, which is higher than the industry average of 2.2%. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zhang Jun was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 23
Beijing Changjiu Logistics Co.,Ltd, Annual General Meeting, May 13, 2026 Beijing Changjiu Logistics Co.,Ltd, Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chaoyang District, Beijing China Announcement • Mar 30
Beijing Changjiu Logistics Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Beijing Changjiu Logistics Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Beijing Changjiu Logistics Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Beijing Changjiu Logistics Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
Beijing Changjiu Logistics Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Beijing Changjiu Logistics Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Beijing Changjiu Logistics Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Beijing Changjiu Logistics Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 26
Beijing Changjiu Logistics Co.,Ltd, Annual General Meeting, May 16, 2025 Beijing Changjiu Logistics Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chaoyang District, Beijing China Announcement • Mar 28
Beijing Changjiu Logistics Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Beijing Changjiu Logistics Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Beijing Changjiu Logistics Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Beijing Changjiu Logistics Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 New Risk • Nov 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 109% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.017 (vs CN¥0.08 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.017 (down from CN¥0.08 in 3Q 2023). Revenue: CN¥1.09b (up 12% from 3Q 2023). Net income: CN¥8.61m (down 81% from 3Q 2023). Profit margin: 0.8% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Asia. 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 7% per year, which means it is well ahead of earnings. Announcement • Oct 22
Zhongxin Digital Co., Ltd agreed to acquire Xi'an Tianyuan Weiye Template Co., Ltd. from Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) for CNY 30 million. Zhongxin Digital Co., Ltd agreed to acquire Xi'an Tianyuan Weiye Template Co., Ltd. from Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) for CNY 30 million on October 22, 2024. A cash consideration of CNY 30 million will be paid by Zhongxin Digital Co., Ltd. As part of consideration, CNY 30 million is paid towards common equity of Xi'an Tianyuan Weiye Template Co., Ltd. As of April 30, 2024, Xi'an Tianyuan Weiye Template Co., Ltd. reported total assets of CNY 51.13 million and total common equity of CNY 32.74 million. Announcement • Sep 30
Beijing Changjiu Logistics Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Beijing Changjiu Logistics Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Transportation industry in Asia. Negligible returns to shareholders over past three years. Announcement • Jul 20
Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) completed the acquisition of Lingdong Qiheng Data Technology (Beijing) Co., Ltd. from Li Guiping. Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) agreed to acquire Lingdong Qiheng Data Technology (Beijing) Co., Ltd. from Li Guiping for CNY 0 on December 24, 2023. As of November 30, 2023, Lingdong Qiheng Data Technology (Beijing) Co., Ltd. generated, total assets of CNY 0.47 million and net assets of CNY0.499 million.
Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) completed the acquisition of Lingdong Qiheng Data Technology (Beijing) Co., Ltd. from Li Guiping July 19, 2024. Announcement • Jun 28
Beijing Changjiu Logistics Co.,Ltd to Report First Half, 2024 Results on Aug 24, 2024 Beijing Changjiu Logistics Co.,Ltd announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • Apr 29
Beijing Changjiu Logistics Co.,Ltd, Annual General Meeting, May 17, 2024 Beijing Changjiu Logistics Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chaoyang District, Beijing China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.03 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (up from CN¥0.03 in FY 2022). Revenue: CN¥3.78b (down 4.4% from FY 2022). Net income: CN¥70.4m (up 292% from FY 2022). Profit margin: 1.9% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Transportation industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 24
Huijin Zunyue No. 1 Private Securities Investment Fund managed by Shanghai Huijin Asset Management Co., Ltd. completed the acquisition of 5% stake in Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) from Jilin Changjiu Industry Group Co., Ltd. Huijin Zunyue No. 1 Private Securities Investment Fund managed by Shanghai Huijin Asset Management Co., Ltd. entered into share transfer agreement to acquire 5% stake in Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) from Jilin Changjiu Industry Group Co., Ltd. for approximately CNY 280 million on March 10, 2024. Huijin Zunyue No. 1 Private Securities Investment Fund managed by Shanghai Huijin Asset Management Co., Ltd. completed the acquisition of 5% stake in Beijing Changjiu Logistics Co.,Ltd (SHSE:603569) from Jilin Changjiu Industry Group Co., Ltd on April 23, 2024. Announcement • Mar 29
Beijing Changjiu Logistics Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Beijing Changjiu Logistics Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 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¥8.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Transportation industry in China. Total returns to shareholders of 39% over the past three years. Announcement • Dec 30
Beijing Changjiu Logistics Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Beijing Changjiu Logistics Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Buying Opportunity • Nov 29
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CN¥19.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 41%. Revenue is forecast to grow by 91% in 2 years. Earnings is forecast to grow by 409% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.34, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Transportation industry in Asia. Total returns to shareholders of 40% over the past three years. Board Change • Oct 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Guo Dong Yang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Beijing Changjiu Logistics Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Beijing Changjiu Logistics Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Aug 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% 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: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.6% increase in shares outstanding). New Risk • Aug 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.03 (down from CN¥0.15 in FY 2021). Revenue: CN¥3.96b (down 12% from FY 2021). Net income: CN¥18.0m (down 79% from FY 2021). Profit margin: 0.5% (down from 1.9% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Net income: CN¥2.42m (up CN¥2.42m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥913.0m (down 15% from 2Q 2021). Net income: CN¥217.8k (down 100% from 2Q 2021). Profit margin: 0% (down from 3.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% 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. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Bing Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.77, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 45x in the Transportation industry in China. Total loss to shareholders of 24% 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 19% share price gain to CN¥9.33, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 35x in the Transportation industry in China. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.80, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 35x in the Transportation industry in China. Total loss to shareholders of 23% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.006 loss per share (vs CN¥0.07 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥975.3m (down 8.2% from 3Q 2020). Net loss: CN¥2.67m (down 107% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% 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. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.18 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¥4.08b (down 15% from FY 2019). Net income: CN¥119.9m (up 18% from FY 2019). Profit margin: 2.9% (up from 2.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥6.56 The company is down 25% from its price of CN¥8.71 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥7.03 The company is down 34% from its price of CN¥10.60 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥7.21 The company is down 25% from its price of CN¥9.64 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥8.24 The company is down 17% from its price of CN¥9.94 on 11 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 Transportation industry, which is down 6.0% 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¥120.8m, down 57% from the prior year. Total revenue was CN¥4.16b over the last 12 months, down 20% from the prior year. Is New 90 Day High Low • Oct 24
New 90-day high: CN¥10.99 The company is up 15% from its price of CN¥9.58 on 24 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 8.0% over the same period. 
