Declared Dividend • Apr 29
Dividend of HK$0.34 announced Shareholders will receive a dividend of HK$0.34. Ex-date: 16th June 2026 Payment date: 26th June 2026 Dividend yield will be 9.4%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.43 in FY 2024) Full year 2025 results: EPS: CN¥0.34 (down from CN¥0.43 in FY 2024). Revenue: CN¥943.3m (down 20% from FY 2024). Net income: CN¥251.2m (down 21% from FY 2024). Profit margin: 27% (in line with FY 2024). 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 9% per year, which means it is well ahead of earnings. Announcement • Mar 17
Golden Throat Holdings Group Company Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Golden Throat Holdings Group Company Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$3.65, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 17x in the Personal Products industry in Hong Kong. Total returns to shareholders of 118% over the past three years. Buy Or Sell Opportunity • Feb 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to HK$3.10. The fair value is estimated to be HK$3.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 6.9%. Reported Earnings • Oct 02
First half 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in 1H 2024) First half 2025 results: EPS: CN¥0.11 (down from CN¥0.18 in 1H 2024). Revenue: CN¥319.2m (down 39% from 1H 2024). Net income: CN¥83.7m (down 38% from 1H 2024). Profit margin: 26% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in 1H 2024) First half 2025 results: EPS: CN¥0.11 (down from CN¥0.18 in 1H 2024). Revenue: CN¥319.2m (down 39% from 1H 2024). Net income: CN¥83.7m (down 38% from 1H 2024). Profit margin: 26% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 18
Golden Throat Holdings Group Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Golden Throat Holdings Group Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$3.78, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 15x in the Personal Products industry in Hong Kong. Total returns to shareholders of 215% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$4.54, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 14x in the Personal Products industry in Hong Kong. Total returns to shareholders of 211% over the past three years. Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 9.3%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (2.7%). Announcement • Jun 03
Golden Throat Holdings Group Company Limited Approves Final Dividend for the Year Ended 31 December 2024 Golden Throat Holdings Group Company Limited at its AGM held on June 3, 2025, approved to declare a final dividend of HKD 0.5 per share for the year ended 31 December 2024. Announcement • May 08
Golden Throat Holdings Group Company Limited, Annual General Meeting, Jun 03, 2025 Golden Throat Holdings Group Company Limited, Annual General Meeting, Jun 03, 2025, at 10:30 China Standard Time. Location: canvas, 26/f, the park lane hong kong autograph collection, 310 gloucester road, causeway bay., Hong Kong Declared Dividend • Apr 27
Dividend of HK$0.50 announced Shareholders will receive a dividend of HK$0.50. Ex-date: 16th June 2025 Payment date: 26th June 2025 Dividend yield will be 12%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (84% cash payout ratio). The dividend has increased by an average of 28% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control, which is more than the 14% EPS growth achieved over the last 5 years. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.34 in FY 2023) Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.34 in FY 2023). Revenue: CN¥1.19b (up 23% from FY 2023). Net income: CN¥318.6m (up 27% from FY 2023). Profit margin: 27% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$3.82, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 8x in the Personal Products industry in Hong Kong. Total returns to shareholders of 259% over the past three years. Announcement • Mar 18
Golden Throat Holdings Group Company Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Golden Throat Holdings Group Company Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Sep 28
First half 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 1H 2023) First half 2024 results: EPS: CN¥0.18 (up from CN¥0.17 in 1H 2023). Revenue: CN¥524.5m (up 9.4% from 1H 2023). Net income: CN¥134.2m (up 9.9% from 1H 2023). Profit margin: 26% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
First half 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 1H 2023) First half 2024 results: EPS: CN¥0.18 (up from CN¥0.17 in 1H 2023). Revenue: CN¥524.5m (up 9.4% from 1H 2023). Net income: CN¥134.2m (up 9.9% from 1H 2023). Profit margin: 26% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Golden Throat Holdings Group Company Limited to Report First Half, 2024 Results on Aug 26, 2024 Golden Throat Holdings Group Company Limited announced that they will report first half, 2024 results on Aug 26, 2024 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$3.25, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Personal Products industry in Hong Kong. Total returns to shareholders of 175% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of HK$0.60 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 26 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 15%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (2.3%). Declared Dividend • May 01
Dividend of HK$0.60 announced Shareholders will receive a dividend of HK$0.60. Ex-date: 14th June 2024 Payment date: 26th June 2024 Dividend yield will be 16%, which is higher than the industry average of 3.3%. Sustainability & Growth The dividend has increased by an average of 35% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 79% to bring the payout ratio under control, which is more than the 20% EPS growth achieved over the last 5 years. Announcement • May 01
Golden Throat Holdings Group Company Limited, Annual General Meeting, Jun 05, 2024 Golden Throat Holdings Group Company Limited, Annual General Meeting, Jun 05, 2024. Agenda: To consider the payment of a final dividend for the year ended 31 December 2023; to consider the re-appointment of Ernst & Young as auditor of the Company. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.38 in FY 2022) Full year 2023 results: EPS: CN¥0.34 (down from CN¥0.38 in FY 2022). Revenue: CN¥961.4m (down 3.1% from FY 2022). Net income: CN¥250.2m (down 11% from FY 2022). Profit margin: 26% (down from 28% in FY 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 16
Golden Throat Holdings Group Company Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Golden Throat Holdings Group Company Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$3.23, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 10x in the Personal Products industry in Hong Kong. Total returns to shareholders of 194% over the past three years. Reported Earnings • Aug 27
First half 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.077 in 1H 2022) First half 2023 results: EPS: CN¥0.17 (up from CN¥0.077 in 1H 2022). Revenue: CN¥479.6m (up 54% from 1H 2022). Net income: CN¥122.1m (up 115% from 1H 2022). Profit margin: 26% (up from 18% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Golden Throat Holdings Group Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Golden Throat Holdings Group Company Limited announced that they will report first half, 2023 results on Aug 25, 2023 Board Change • Aug 12
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. No experienced directors. 8 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jierong Zhu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jun 15
Golden Throat Holdings Group Company Limited Declares Final Dividend for the Year Ended 31 December 2022 Golden Throat Holdings Group Company Limited held its annual general meeting on June 14, 2023, declare a final dividend of HKD 0.36 per share for the year ended 31 December 2022. Announcement • May 19
Golden Throat Holdings Group Company Limited, Annual General Meeting, Jun 14, 2023 Golden Throat Holdings Group Company Limited, Annual General Meeting, Jun 14, 2023, at 10:30 China Standard Time. Location: 9/F, The Center 99 Queen's Road Centra Cantral Hong Kong Agenda: To receive and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors of the Company (the "Directors") and of the independent auditor of the Company for the year ended 31 December 2022; to declare a final dividend of HK$0.36 per share for the year ended 31 December 2022; to authorize the board of Directors (the "Board") of the Company to fix the remuneration of the Directors; to re-appoint Ernst & Young as auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix its remuneration; and to transact other matters. Announcement • May 18
Golden Throat Holdings Group Company Limited Proposes Final Dividend for the Year Ended 31 December 2022 Golden Throat Holdings Group Company Limited proposed to declare a final dividend of HKD 0.36 per share for the year ended 31 December 2022, at its annual general meeting to be held on 14 June 2023. The transfer books and register of members will also be closed on 20 June 2023 to determine the entitlement of the shareholders to receive final dividend, during which day no Share transfers can be registered. Announcement • Aug 13
Golden Throat Holdings Group Company Limited to Report Q2, 2022 Results on Aug 24, 2022 Golden Throat Holdings Group Company Limited announced that they will report Q2, 2022 results on Aug 24, 2022 Announcement • Aug 06
Golden Throat Holdings Group Company Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 Golden Throat Holdings Group Company Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2022. For the six months, the Group expects to record a decrease of approximately 30% in the profit for the six months ended 30 June 2022 as compared with the corresponding period in 2021. Such decrease in profit was primarily due to the impact of the resurgence of novel coronavirus pandemic, which led to a decrease in sales of the Group in the first half of 2022. Announcement • Apr 22
Golden Throat Holdings Group Company Limited, Annual General Meeting, May 13, 2022 Golden Throat Holdings Group Company Limited, Annual General Meeting, May 13, 2022, at 10:00 China Standard Time. Location: Conference Room 1, 2nd Floor, No. 28 Fengxiang Road, Liuzhou, Guangxi China Agenda: To receive and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors of the Company (the "Directors") and of the independent auditor of the Company for the year ended 31 December 2021; to declare a final dividend of HK$0.18 per share for the year ended 31 December 2021; to authorise the board of directors of the Company (the "Board") to fix the remuneration of the Directors; to re-appoint Ernst & Young as auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorise the Board to fix its remuneration; and to consider other matters. Announcement • Mar 31
Golden Throat Holdings Group Company Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 17 June 2022 Golden Throat Holdings Group Company Limited proposed Final Dividend of HKD 0.18 per share for the Year Ended 31 December 2021, payable on 17 June 2022. Record date is 27 May 2022 and Ex-dividend date is 25 May 2022. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 31% share price gain to CN¥2.23, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 7x in the Personal Products industry in Hong Kong. Total returns to shareholders of 96% over the past three years. Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 30 June 2021. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (3.8%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.23 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥646.9m (down 19% from FY 2019). Net income: CN¥154.1m (down 8.1% from FY 2019). Profit margin: 24% (up from 21% in FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.23 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥646.9m (down 19% from FY 2019). Net income: CN¥154.1m (down 8.1% from FY 2019). Profit margin: 24% (up from 21% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 19
Golden Throat Holdings Group Company Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Golden Throat Holdings Group Company Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 18
New 90-day high: HK$1.53 The company is up 3.0% from its price of HK$1.49 on 20 November 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: HK$1.32 The company is down 11% from its price of HK$1.49 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: HK$1.40 The company is down 8.0% from its price of HK$1.53 on 18 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: HK$1.45 The company is down 6.0% from its price of HK$1.54 on 30 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Personal Products industry, which is down 13% over the same period. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total profits of CN¥138.0m, up 16% from the prior year. Total revenue was CN¥646.4m over the last 12 months, down 15% from the prior year. Announcement • Aug 18
Golden Throat Holdings Group Company Limited to Report Q2, 2020 Results on Aug 28, 2020 Golden Throat Holdings Group Company Limited announced that they will report Q2, 2020 results on Aug 28, 2020 
