Announcement • Jan 23
Netjoy Holdings Limited Announces Resignation of Zha Lijun as Executive Director and Senior Vice President, Effective January 23, 2026 Netjoy Holdings Limited announced that Ms. Zha Lijun tendered her resignation as an executive director and senior vice president of the Company, with effect from January 23, 2026, in light of the Company’s ongoing efforts to enhance corporate governance and optimize the Board’s structure, and as she intends to devote more time to government relations affairs of the Group. As at the date of this announcement, the Board comprises Mr. Xu Jiaqing as executive Director; Mr. Dai Liqun, Mr. Wang Jianshuo as non-executive Directors; and Mr. Chen Changhua, Dr. Ru Liyun and Ms. Cui Wen as independent non-executive Directors. Announcement • Jun 23
Netjoy Holdings Limited Announces Appointment of Cui Wen as A Member of the Nomination Committee, Effective June 23, 2025 The board of directors of Netjoy Holdings Limited announced that Ms. Cui Wen ("Ms. Cui"), an independent non-executive director of the Company ("INED"), has been appointed as a member of the nomination committee of the Company (the "Nomination Committee") with effect from June 23, 2025. Ms. Cui's other positions on the Board remain unchanged. Following the appointment of Ms. Cui, the Nomination Committee now has one Director of a different gender and still comprises a majority of independent non-executive Directors. New Risk • Apr 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (HK$347.9m market cap, or US$44.8m). Announcement • Mar 14
Netjoy Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Netjoy Holdings Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Feb 12
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 Hong Kong stocks, typically moving 14% 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 (14% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$527.6m market cap, or US$67.7m). Announcement • Jan 17
Netjoy Holdings Limited Announces Resignation of Lin Qian as Non-Executive Director The board of directors of Netjoy Holdings Limited (together with its subsidiaries and consolidated affiliated entities, collectively referred to as the Group) announced that Mr. Lin Qian ("r. Lin) has been resigned as a non-executive Director, with effect from January 17, 2025, as he would like to spend more time to his personal development. Mr. Lin has confirmed that he has no disagreement with the Board and he is not aware of any matters in connection with his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange). New Risk • Dec 11
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 14% 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: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (HK$527.6m market cap, or US$67.9m). Announcement • Nov 19
Netjoy Holdings Limited Announces Re-Designation of Mr. Lin Qian from Executive Director to A Non-Executive Director The board (the "Board") of directors (the "Directors") of Netjoy Holdings Limited announced that Mr. Lin Qian ("Mr. Lin") has been re-designated from an executive Director to a non-executive Director, with effect from November 19, 2024, as he would like to spend more time to his personal development. Except for being re-designated as a non-executive Director of the Company, Mr. Lin will cease to hold other positions of the Group from the same date.
Mr. Lin, aged 41, was appointed as an executive director of the Company from March 31, 2022. Mr. Lin joined the Group in 2021 and served as the Chief Financial Officer of the Company from July 2021 to October 2024. At present, he is mainly responsible for matters related to subsidiaries of the Group, providing strategic advice and giving suggestions on corporate operation and the development of the Group. Mr. Lin has 7 years of corporate operation management experience and more than 11 years of capital operation and project merger and acquisition management experience and he is also familiar with capital markets in China and abroad and is proficient in capital operations. Prior to joining the Group, Mr. Lin worked at A8 New Media Group Limited (a company listed on the main board of The Stock Exchange of Hong Kong Limited, stock code: 00800.HK) as the chief financial officer from September 2016 to July 2021, and as an executive director from April 2017 to July 2021. He served as a director at CVCapital from June 2014 to August 2016 and a business director of the investment banking department at Hua Tai United Securities Co. Ltd. from May 2011 to June 2014. He was an investment manager at Shanghai Dong Fang Hui Jin from October 2009 to May 2011 and a senior auditor at Ernst & Young from October 2006 to October 2009. Mr. Lin graduated
from Imperial College London in 2006 with a bachelor's degree in materials science and engineering. The Board would like to take this opportunity to thank Mr. Lin for his efforts and valuable contributions to the Company during his tenure as an executive Director of the Company and welcome to Mr. Lin in his new role as a non-executive Director. Announcement • Oct 17
Netjoy Holdings Limited Announces Resignation of Lin Qian as Chief Financial Officer The Board of Directors of Netjoy Holdings Limited announced that Mr. Lin Qian ("Mr. Lin") resigned as Chief Financial Officer of the Company, with effect from October 15, 2024, as he would like to spend more time to his personal development. After his resignation, Mr. Lin will continue to serve as an executive director and other positions of the Group. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.043 in 1H 2023) First half 2024 results: EPS: CN¥0.032 (down from CN¥0.043 in 1H 2023). Revenue: CN¥1.56b (down 3.8% from 1H 2023). Net income: CN¥23.9m (down 29% from 1H 2023). Profit margin: 1.5% (down from 2.1% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
First half 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.043 in 1H 2023) First half 2024 results: EPS: CN¥0.032 (down from CN¥0.043 in 1H 2023). Revenue: CN¥1.56b (down 3.8% from 1H 2023). Net income: CN¥23.9m (down 29% from 1H 2023). Profit margin: 1.5% (down from 2.1% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Netjoy Holdings Limited to Report First Half, 2024 Results on Aug 19, 2024 Netjoy Holdings Limited announced that they will report first half, 2024 results on Aug 19, 2024 Announcement • Mar 29
Netjoy Holdings Limited, Annual General Meeting, Jun 24, 2024 Netjoy Holdings Limited, Annual General Meeting, Jun 24, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.23 loss in FY 2022) Full year 2023 results: EPS: CN¥0.011 (up from CN¥0.23 loss in FY 2022). Revenue: CN¥3.01b (down 9.1% from FY 2022). Net income: CN¥8.80m (up CN¥186.9m from FY 2022). Profit margin: 0.3% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Netjoy Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Netjoy Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Mar 07
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 11% 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: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$371.8m market cap, or US$47.5m). Announcement • Dec 28
Netjoy Holdings Limited Announces Resignation of LEUNG Shui Bing as Joint Company Secretary Netjoy Holdings Limited announced that Ms. LEUNG Shui Bing resigned from the position of joint company secretary of the Company, with effect from December 28, 2023. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.043 (vs CN¥0.08 in 1H 2022) First half 2023 results: EPS: CN¥0.043 (down from CN¥0.08 in 1H 2022). Revenue: CN¥1.62b (flat on 1H 2022). Net income: CN¥33.5m (down 46% from 1H 2022). Profit margin: 2.1% (down from 3.8% in 1H 2022). Announcement • Aug 19
Netjoy Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2023 Netjoy Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2023. The group is expected to record revenue is not less than RMB 1.620 billion for the six months ended June 30, 2023 and the revenue for the six months ended June 30, 2022 was approximately RMB 1.618 billion. The net profit is not less than RMB 30.00 million and the net profit for the six months ended June 30, 2022 was approximately RMB 62.20 million. Announcement • Aug 16
Netjoy Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 Netjoy Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$1.11, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Media industry in Asia. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to HK$1.46, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Media industry in Asia. Total loss to shareholders of 49% over the past year. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 22% share price gain to HK$1.38, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Media industry in Asia. Total loss to shareholders of 52% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$0.70 per share. Board Change • Nov 16
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, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Liyun Ru was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.04, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Media industry in Asia. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$0.69 per share. Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥4.16b to CN¥3.99b. EPS estimate also fell from CN¥0.22 per share to CN¥0.18 per share. Net income forecast to grow 123% next year vs 63% decline forecast for Media industry in Hong Kong. Consensus price target down from HK$4.81 to HK$4.62. Share price fell 3.1% to HK$1.26 over the past week. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.13 in 1H 2021) First half 2022 results: EPS: CN¥0.08 (down from CN¥0.13 in 1H 2021). Revenue: CN¥1.62b (up 3.0% from 1H 2021). Net income: CN¥62.2m (down 40% from 1H 2021). Profit margin: 3.8% (down from 6.6% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 50%, compared to a 22% growth forecast for the Media industry in Hong Kong. Announcement • Aug 17
Netjoy Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 Netjoy Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2022. The Group is expected to record a net profit of approximately RMB59.41 million to RMB64.62 million for the Relevant Period, while the net profit was approximately RMB104.22 million for the six months ended June 30, 2021. Announcement • Aug 16
Netjoy Holdings Limited to Report First Half, 2022 Results on Aug 25, 2022 Netjoy Holdings Limited announced that they will report first half, 2022 results on Aug 25, 2022 Announcement • Jun 21
Netjoy Holdings Limited Approves Final Dividend for the Year Ended December 31, 2021 Netjoy Holdings Limited at the AGM held on June 20, 2022, approved to declare a final dividend of HKD 0.05 per share of the Company for the year ended December 31, 2021. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 24% share price gain to HK$2.25, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Media industry in Asia. Total loss to shareholders of 68% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$0.92 per share. Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.15. Revenue: CN¥3.12b (up 21% from FY 2020). Net income: CN¥117.4m (up 13% from FY 2020). Profit margin: 3.8% (down from 4.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 114%, compared to a 21% growth forecast for the industry in Hong Kong. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (6 non-independent directors). Executive Director & CEO Chen Wang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Liyun Ru was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 01
Netjoy Holdings Limited, Annual General Meeting, Jun 20, 2022 Netjoy Holdings Limited, Annual General Meeting, Jun 20, 2022. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.15. Revenue: CN¥3.12b (up 21% from FY 2020). Net income: CN¥117.4m (up 13% from FY 2020). Profit margin: 3.8% (down from 4.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 114%, compared to a 19% growth forecast for the industry in Hong Kong. Announcement • Mar 23
Netjoy Holdings Limited to Report Fiscal Year 2021 Final Results on Mar 31, 2022 Netjoy Holdings Limited announced that they will report fiscal year 2021 final results on Mar 31, 2022 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 20% share price decline to HK$1.61, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Media industry in Asia. Total loss to shareholders of 78% over the past year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 18% share price gain to HK$2.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Media industry in Asia. Total loss to shareholders of 73% over the past year. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 45% share price gain to HK$3.18, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Media industry in Asia. Total loss to shareholders of 56% over the past year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$2.38, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Media industry in Asia. Total loss to shareholders of 69% over the past year. Reported Earnings • Sep 28
First half 2021 earnings released: EPS CN¥0.13 (vs CN¥0.095 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥1.57b (up 97% from 1H 2020). Net income: CN¥104.2m (up 83% from 1H 2020). Profit margin: 6.6% (down from 7.2% in 1H 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 19% share price gain to HK$4.80, the stock trades at a trailing P/E ratio of 18.7x. Average forward P/E is 15x in the Media industry in Hong Kong. Reported Earnings • Aug 29
First half 2021 earnings released: EPS CN¥0.13 (vs CN¥0.21 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥1.57b (up 97% from 1H 2020). Net income: CN¥104.2m (up 83% from 1H 2020). Profit margin: 6.6% (down from 7.2% in 1H 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥3.76, the stock trades at a trailing P/E ratio of 18.4x. Average forward P/E is 17x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥5.25, the stock trades at a trailing P/E ratio of 25.7x. Average forward P/E is 17x in the Media industry in Hong Kong. Reported Earnings • May 01
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¥2.58b (up 11% from FY 2019). Net income: CN¥103.6m (up 42% from FY 2019). Profit margin: 4.0% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Reported Earnings • Apr 02
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¥2.58b (up 11% from FY 2019). Net income: CN¥103.6m (up 42% from FY 2019). Profit margin: 4.0% (up from 3.2% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Mar 20
Netjoy Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 Netjoy Holdings Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥8.40, the stock is trading at a trailing P/E ratio of 17.7x, down from the previous P/E ratio of 22.4x. This compares to an average P/E of 18x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.01, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 16.3x. This compares to an average P/E of 15x in the Media industry in Hong Kong. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.20, the stock is trading at a trailing P/E ratio of 17.2x, up from the previous P/E ratio of 14.8x. This compares to an average P/E of 15x in the Media industry in Hong Kong. Announcement • Dec 18
Netjoy Holdings Limited has completed an IPO in the amount of HKD 1.396 billion. Netjoy Holdings Limited has completed an IPO in the amount of HKD 1.396 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: HKD 6.98
Discount Per Security: HKD 0.2443
Transaction Features: Regulation S; Sponsor Backed Offering 