Announcement • Aug 15
China Oriental Group Company Limited to Report First Half, 2025 Results on Aug 27, 2025 China Oriental Group Company Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Mar 28
China Oriental Group Company Limited, Annual General Meeting, Jun 06, 2025 China Oriental Group Company Limited, Annual General Meeting, Jun 06, 2025. Announcement • Mar 13
China Oriental Group Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 China Oriental Group Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Aug 31
First half 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.076 in 1H 2023) First half 2024 results: EPS: CN¥0.025 (down from CN¥0.076 in 1H 2023). Revenue: CN¥22.6b (up 2.3% from 1H 2023). Net income: CN¥94.1m (down 67% from 1H 2023). Profit margin: 0.4% (down from 1.3% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Aug 19
China Oriental Group Company Limited Provides Unaudited Consolidated Earning Guidance for the Six Months Ended 30 June 2024 China Oriental Group Company Limited provided unaudited consolidated earning guidance for the six months ended 30 June 2024. For the period, the group expected to record a decrease in net profit for the Relevant Period by not less than 50 %, as compared with the net profit of the Group of approximately RMB 276 million for the six months ended 30 June 2023. Based on the information available to date, such expected decrease in net profit of the Group for the Relevant Period is mainly attributable to the combined effects of the following factors, including, among others, (i) a decrease in the average selling price of steel products of the Group due to a continuous sluggish downstream demand of the iron and steel industry and the sales recovery fell significantly below the industry expectation in the Relevant Period; (ii) the overall production costs of the Group remained at a relatively high level due to a steeper price decreasing trend of the steel products comparing to that of their major raw materials; and (iii) a fair value loss on the financial assets at fair value through profit or loss is expected to be recorded for the Relevant Period, as compared with a fair value gain of approximately RMB112 million for the six months ended 30 June 2023. Despite the expected decline in net profit for the Relevant Period, the Board is of the view that the overall operations and financial position of the Group remains healthy and sound. The Company will continue to make great efforts in creating value for the Shareholders in a long-term and sustainable manner. Announcement • Aug 15
China Oriental Group Company Limited to Report Q2, 2024 Results on Aug 29, 2024 China Oriental Group Company Limited announced that they will report Q2, 2024 results on Aug 29, 2024 Upcoming Dividend • Jul 05
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 11 July 2024. Payment date: 20 August 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (2.2%). Announcement • May 09
China Oriental Group Company Limited Announces Board and Committee Retirements, Effective 28 June 2024 The Board of China Oriental Group Company Limited announced that with effect from the conclusion of the forthcoming AGM to be held on 28 June 2024, Mr. Zhu Hao will retire by rotation from the Board as a non-executive Director in accordance with the Bye-laws; and Mr. Wang Tianyi will retire by rotation from the Board as an independent non- executive Director in accordance with the Bye-laws and cease to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Each of Mr. Zhu and Mr. Wang has informed the Board that he will not offer himself for re-election at the forthcoming AGM as he would like to devote more time to pursue his own personal commitments. New Risk • Mar 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 38% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 28
China Oriental Group Company Limited, Annual General Meeting, Jun 28, 2024 China Oriental Group Company Limited, Annual General Meeting, Jun 28, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: CN¥0.04 loss per share (vs CN¥0.22 profit in FY 2022) Full year 2023 results: CN¥0.04 loss per share (down from CN¥0.22 profit in FY 2022). Revenue: CN¥46.3b (down 4.9% from FY 2022). Net loss: CN¥159.7m (down 120% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
China Oriental Group Company Limited Proposes Special Dividend for the Year Ended 31 December 2023 Payable on 20 August 2024 China Oriental Group Company Limited proposed Special Dividend of HKD 0.05 per share for the year ended 31 December 2023 payable on 20 August 2024. Date of shareholders' approval is on 28 June 2024. Ex-dividend date is on 11 July 2024. Record date is on 17 July 2024. Announcement • Mar 15
China Oriental Group Company Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 China Oriental Group Company Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 02
First half 2023 earnings released: EPS: CN¥0.076 (vs CN¥0.32 in 1H 2022) First half 2023 results: EPS: CN¥0.076 (down from CN¥0.32 in 1H 2022). Revenue: CN¥22.1b (down 12% from 1H 2022). Net income: CN¥282.3m (down 77% from 1H 2022). Profit margin: 1.3% (down from 4.8% in 1H 2022). Revenue is expected to decline by 8.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 7.4%. Over the last 3 years on average, earnings per share has fallen by 36% 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. Announcement • Aug 16
China Oriental Group Company Limited to Report First Half, 2023 Results on Aug 31, 2023 China Oriental Group Company Limited announced that they will report first half, 2023 results on Aug 31, 2023 Buying Opportunity • Jun 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be HK$1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is forecast to grow by 32% per annum over the same time period. Announcement • Jun 09
China Oriental Group Company Limited Approves Special Dividend for the Year Ended 31 December 2022 China Oriental Group Company Limited at its AGM held on June 8, 2023 approved special dividend of HKD 0.03 per share for the year ended 31 December 2022. Upcoming Dividend • Jun 08
Upcoming dividend of HK$0.03 per share at 9.0% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 9.0%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.2%). Buying Opportunity • May 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be HK$1.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to decline by 13% in 2 years. Earnings is forecast to grow by 140% in the next 2 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. 4 experienced directors. 6 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Edward Tse 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. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.42 in 1H 2021) First half 2022 results: EPS: CN¥0.32 (down from CN¥0.42 in 1H 2021). Revenue: CN¥25.0b (flat on 1H 2021). Net income: CN¥1.20b (down 24% from 1H 2021). Profit margin: 4.8% (down from 6.3% in 1H 2021). Revenue is expected to decline by 7.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 08
Upcoming dividend of HK$0.07 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 24 October 2022. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 16%. Within top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.3%). Reported Earnings • Sep 02
First half 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.42 in 1H 2021) First half 2022 results: EPS: CN¥0.32 (down from CN¥0.42 in 1H 2021). Revenue: CN¥25.0b (flat on 1H 2021). Net income: CN¥1.20b (down 24% from 1H 2021). Profit margin: 4.8% (down from 6.3% in 1H 2021). Over the next year, revenue is expected to shrink by 10% compared to a 1.8% growth forecast for the Metals and Mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 06
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 13 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (4.5%). Reported Earnings • May 03
Full year 2021 earnings released: EPS: CN¥0.67 (vs CN¥0.43 in FY 2020) Full year 2021 results: EPS: CN¥0.67 (up from CN¥0.43 in FY 2020). Revenue: CN¥52.0b (up 33% from FY 2020). Net income: CN¥2.49b (up 57% from FY 2020). Profit margin: 4.8% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 10% compared to a 22% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% 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 are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Edward Tse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.67 (vs CN¥0.43 in FY 2020) Full year 2021 results: EPS: CN¥0.67 (up from CN¥0.43 in FY 2020). Revenue: CN¥52.0b (up 33% from FY 2020). Net income: CN¥2.49b (up 57% from FY 2020). Profit margin: 4.8% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 25% compared to a 10% growth forecast for the mining industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 24% per year. Recent Insider Transactions • Dec 18
Independent Non-Executive Director recently bought HK$576k worth of stock On the 14th of December, Man Chung Wong bought around 270k shares on-market at roughly HK$2.13 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$2.59, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.41 per share. Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 13 September 2021. Payment date: 22 October 2021. Trailing yield: 6.9%. Within top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (2.3%). Reported Earnings • Sep 04
First half 2021 earnings released: EPS CN¥0.42 (vs CN¥0.21 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥25.0b (up 47% from 1H 2020). Net income: CN¥1.57b (up 103% from 1H 2020). Profit margin: 6.3% (up from 4.6% in 1H 2020). The increase in margin was driven by higher revenue. 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 24% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 16% share price gain to HK$2.88, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.15 per share. Upcoming Dividend • May 31
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 08 July 2021. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (6.0%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥3.23, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.56 per share. Reported Earnings • May 03
Full year 2020 earnings released: EPS CN¥0.43 (vs CN¥0.86 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥39.1b (down 9.0% from FY 2019). Net income: CN¥1.59b (down 51% from FY 2019). Profit margin: 4.1% (down from 7.5% 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 39% 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. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS CN¥0.43 (vs CN¥0.86 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥39.1b (down 9.0% from FY 2019). Net income: CN¥1.59b (down 51% from FY 2019). Profit margin: 4.1% (down from 7.5% 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 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥3.03, the stock is trading at a trailing P/E ratio of 4.1x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 13x in the Metals and Mining industry in Hong Kong. Total return to shareholders over the past three years is a loss of 30%. Is New 90 Day High Low • Feb 23
New 90-day high: HK$2.65 The company is up 23% from its price of HK$2.16 on 25 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 60% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$22.48 per share. Is New 90 Day High Low • Jan 20
New 90-day high: HK$2.44 The company is up 30% from its price of HK$1.88 on 23 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$22.12 per share. Is New 90 Day High Low • Nov 27
New 90-day high: HK$2.35 The company is up 5.0% from its price of HK$2.24 on 28 August 2020. The Hong Kong market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Metals and Mining industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$19.17 per share. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total profits of CN¥2.32b, down 34% from the prior year. Total revenue was CN¥39.0b over the last 12 months, down 3.5% from the prior year. Is New 90 Day High Low • Sep 22
New 90-day low: HK$1.91 The company is down 13% from its price of HK$2.20 on 24 June 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.85 per share.