New Risk • Apr 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 0.2% per year over the past 5 years. High level of non-cash earnings (34% accrual ratio). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.20 in FY 2024) Full year 2025 results: EPS: CN¥0.14 (down from CN¥0.20 in FY 2024). Revenue: CN¥952.6m (down 2.9% from FY 2024). Net income: CN¥225.7m (down 28% from FY 2024). Profit margin: 24% (down from 32% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% 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. Announcement • Mar 28
JH Educational Technology INC., Annual General Meeting, May 22, 2026 JH Educational Technology INC., Annual General Meeting, May 22, 2026. Announcement • Mar 17
JH Educational Technology INC. to Report Fiscal Year 2025 Results on Mar 27, 2026 JH Educational Technology INC. announced that they will report fiscal year 2025 results on Mar 27, 2026 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.23, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Consumer Services industry in Hong Kong. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to HK$1.19, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 8x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 14% over the past three years. Announcement • Jan 23
JH Educational Technology INC. Announces Executive Changes, Effective January 23, 2026 JH Educational Technology INC. announced that Ms. Sze Suet Ling has tendered her resignation as the company secretary, authorised representative under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and process agent for the acceptance of service of process or notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), with effect from January 23, 2026. The board further announced that Ms. Mak Po Man Cherie has been appointed as the company secretary, authorised representative, and process agent with effect from January 23, 2026. Ms. Mak is the Vice President of SWCS Corporate Services Group (Hong Kong) Limited. She has worked for various professional firms and listed companies in Hong Kong, with over 20 years of experience in the fields of audit, accounting, corporate finance, compliance and corporate secretarial. Ms. Mak obtained a Master of Corporate Governance degree from The Hong Kong Polytechnic University in 2017. She was admitted as an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in 2017, a member of the Hong Kong Institute of Certified Public Accountants in 2003, and a fellow member of the Association of Chartered Certified Accountants in 2006. New Risk • Dec 09
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 Hong Kong stocks, typically moving 9.9% 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 (9.9% average weekly change). Profit margins are more than 30% lower than last year (28% net profit margin). Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in 1H 2024) First half 2025 results: EPS: CN¥0.15 (down from CN¥0.17 in 1H 2024). Revenue: CN¥534.6m (up 3.3% from 1H 2024). Net income: CN¥237.8m (down 11% from 1H 2024). Profit margin: 45% (down from 52% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Aug 18
JH Educational Technology INC. to Report First Half, 2025 Results on Aug 28, 2025 JH Educational Technology INC. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.24 in FY 2023) Full year 2024 results: EPS: CN¥0.20 (down from CN¥0.24 in FY 2023). Revenue: CN¥980.8m (up 12% from FY 2023). Net income: CN¥312.8m (down 19% from FY 2023). Profit margin: 32% (down from 44% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Mar 29
JH Educational Technology INC., Annual General Meeting, May 16, 2025 JH Educational Technology INC., Annual General Meeting, May 16, 2025. Announcement • Mar 18
JH Educational Technology INC. to Report Fiscal Year 2024 Results on Mar 28, 2025 JH Educational Technology INC. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Sep 26
First half 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 1H 2023) First half 2024 results: EPS: CN¥0.17 (up from CN¥0.13 in 1H 2023). Revenue: CN¥517.4m (up 17% from 1H 2023). Net income: CN¥267.5m (up 26% from 1H 2023). Profit margin: 52% (up from 48% in 1H 2023). The increase in margin was driven by higher revenue. 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 26% per year, which means it is significantly lagging earnings. Announcement • Aug 20
JH Educational Technology INC. to Report First Half, 2024 Results on Aug 29, 2024 JH Educational Technology INC. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Mar 28
JH Educational Technology INC., Annual General Meeting, May 17, 2024 JH Educational Technology INC., Annual General Meeting, May 17, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.23 in FY 2022) Full year 2023 results: EPS: CN¥0.24 (up from CN¥0.23 in FY 2022). Revenue: CN¥873.3m (up 6.6% from FY 2022). Net income: CN¥388.2m (up 5.9% from FY 2022). Profit margin: 44% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Mar 16
JH Educational Technology INC. to Report Fiscal Year 2023 Results on Mar 27, 2024 JH Educational Technology INC. announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Dec 01
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 Hong Kong stocks, typically moving 9.8% 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. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 1H 2022) First half 2023 results: EPS: CN¥0.13 (up from CN¥0.12 in 1H 2022). Revenue: CN¥441.1m (up 14% from 1H 2022). Net income: CN¥211.6m (up 7.8% from 1H 2022). Profit margin: 48% (down from 51% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Aug 19
JH Educational Technology INC. to Report First Half, 2023 Results on Aug 30, 2023 JH Educational Technology INC. announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.01, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 63% over the past three years. Announcement • May 20
JH Educational Technology Inc. Approves to Declare Final Dividend for the Year Ended December 31, 2022 JH Educational Technology INC. approved to declare a final dividend of HK 1.5 cents per ordinary share out of the share premium account of the Company for the year ended December 31, 2022 at the AGM held on May 19, 2023. Upcoming Dividend • May 16
Upcoming dividend of HK$0.015 per share at 1.3% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 08 June 2023. Trailing yield: 1.3%. Lower than top quartile of Hong Kong dividend payers (7.5%). Lower than average of industry peers (4.2%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in FY 2021) Full year 2022 results: EPS: CN¥0.23 (up from CN¥0.20 in FY 2021). Revenue: CN¥819.4m (up 20% from FY 2021). Net income: CN¥366.7m (up 13% from FY 2021). Profit margin: 45% (down from 48% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% 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 • Jan 09
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.41, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 10x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 2.9% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.06, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 80% share price gain to HK$1.58, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 9x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 8.8% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non Executive Director Hui Bi was the last independent 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$1.38, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 22% share price decline to HK$1.77, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 7x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 25% share price decline to HK$2.63, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 8x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 72% over the past three years. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.093 in 1H 2021) First half 2022 results: EPS: CN¥0.12 (up from CN¥0.093 in 1H 2021). Revenue: CN¥385.5m (up 21% from 1H 2021). Net income: CN¥196.4m (up 32% from 1H 2021). Profit margin: 51% (up from 47% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Announcement • Aug 19
JH Educational Technology INC. to Report First Half, 2022 Results on Aug 30, 2022 JH Educational Technology INC. announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Jul 29
JH Educational Technology INC. Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 JH Educational Technology INC. provided consolidated earnings guidance for the six months ended 30 June 2022. For the period, it is expected that the Group will record an increase of around 30% in its consolidated net profit attributable to owners of the Company as compared to that for the six months ended 30 June 2021. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$3.34, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 8x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 137% over the past three years. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non Executive Director Hui Bi was the last independent 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: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 20
JH Educational Technology INC., Annual General Meeting, May 27, 2022 JH Educational Technology INC., Annual General Meeting, May 27, 2022, at 10:00 China Standard Time. Location: No. 618 Liuweng Road, Liushi Town,Yueqing Zhejiang China Agenda: To re-elect the retiring Directors of the Company; to authorise the board of the Directors to fix the remuneration of the Directors; to re-appoint Ernst & Young as the Auditors and authorise the board of the Directors to fix their remuneration; and to transact any other business matters. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 19% share price gain to HK$3.97, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 9x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 24% over the past year. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in FY 2020) Full year 2021 results: EPS: CN¥0.20 (up from CN¥0.17 in FY 2020). Revenue: CN¥684.6m (up 22% from FY 2020). Net income: CN¥326.0m (up 23% from FY 2020). Profit margin: 48% (in line with FY 2020). Announcement • Apr 01
JH Educational Technology INC. Omits Final Dividend for the Year Ended 31 December 2021 JH Educational Technology INC. announced that no final dividend or special dividend was proposed for the year ended 31 December 2021. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$2.60, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 13x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 18% share price gain to HK$2.79, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 15x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 23% share price gain to HK$2.14, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 15x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 43% over the past year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 16% share price gain to HK$2.28, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 16x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 17% share price gain to HK$2.20, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 18x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 41% over the past year. Reported Earnings • Aug 29
First half 2021 earnings released: EPS CN¥0.093 (vs CN¥0.08 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: CN¥318.4m (up 16% from 1H 2020). Net income: CN¥148.6m (up 16% from 1H 2020). Profit margin: 47% (in line with 1H 2020). Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥2.17, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 7.0% over the past year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorated over the past week After last week's 26% share price decline to CN¥3.70, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 12x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 89% over the past year. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.72, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 13x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 159% over the past year. Upcoming Dividend • May 14
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 04 June 2021. Trailing yield: 2.6%. Lower than top quartile of Hong Kong dividend payers (6.0%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.12 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥561.3m (up 16% from FY 2019). Net income: CN¥265.9m (up 51% from FY 2019). Profit margin: 47% (up from 36% in FY 2019). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.73, the stock trades at a trailing P/E ratio of 19x. Average forward P/E is 11x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 139% over the past year. Reported Earnings • Mar 28
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥561.3m (up 16% from FY 2019). Net income: CN¥265.9m (up 51% from FY 2019). Profit margin: 47% (up from 36% in FY 2019). Announcement • Mar 28
JH Educational Technology INC. Announces Special Dividend, Payable on or Before 4 June 2021 JH Educational Technology INC. at the meeting of the Board held on 26 March 2021, has recommended the payment of a final dividend of HK 5.00 cents per ordinary share and the payment of a special final dividend of HK 6.25 cents per ordinary share for the year ended 31 December 2020 (2019: final dividend of HK 2.10 cents per ordinary share and special final dividend of HK 5.40 cents per ordinary share) out of the share premium account of the Company to shareholders whose names are on the register of members of the Company on 27 May 2021. The above proposed final dividend and special final dividend and the payment will be subject to the approval of the Company's shareholders in the annual general meeting to be held on 14 May 2021 and are expected to be distributed to shareholders on or before 4 June 2021. Announcement • Mar 17
JH Educational Technology INC. to Report Fiscal Year 2020 Results on Mar 26, 2021 JH Educational Technology INC. announced that they will report fiscal year 2020 results on Mar 26, 2021 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥3.85, the stock is trading at a trailing P/E ratio of 25.1x, down from the previous P/E ratio of 30.3x. This compares to an average P/E of 19x in the Consumer Services industry in Hong Kong. Total returns to shareholders over the past year are 149%. Is New 90 Day High Low • Feb 22
New 90-day high: HK$4.66 The company is up 22% from its price of HK$3.83 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥4.53, the stock is trading at a trailing P/E ratio of 29.5x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 17x in the Consumer Services industry in Hong Kong. Total returns to shareholders over the past year are 191%. Is New 90 Day High Low • Feb 05
New 90-day high: HK$4.26 The company is up 26% from its price of HK$3.37 on 06 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: HK$3.97 The company is up 15% from its price of HK$3.45 on 30 September 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 15% share price gain to CN¥3.82, the stock is trading at a trailing P/E ratio of 25.2x, up from the previous P/E ratio of 21.9x. This compares to an average P/E of 18x in the Consumer Services industry in Hong Kong. Total returns to shareholders over the past year are 155%. Is New 90 Day High Low • Nov 02
New 90-day low: HK$3.13 The company is down 3.0% from its price of HK$3.24 on 04 August 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 16% over the same period. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total profits of CN¥205.5m, up 4.2% from the prior year. Total revenue was CN¥505.0m over the last 12 months, up 10% from the prior year. Announcement • Aug 29
JH Educational Technology Inc. Did Not Recommend the Payment of an Interim Dividend for the Six Months Ended 30 June 2020 The Board of JH Educational Technology INC. did not recommend the payment of an interim dividend for the six months ended 30 June 2020 (six months ended 30 June 2019: dividend of HKD 0.021 and special dividend of HKD 0.054 per ordinary share). Announcement • Aug 22
JH Educational Technology INC. to Report Q2, 2020 Results on Aug 28, 2020 JH Educational Technology INC. announced that they will report Q2, 2020 results on Aug 28, 2020