Announcement • Apr 30
XD Inc., Annual General Meeting, May 28, 2026 XD Inc., Annual General Meeting, May 28, 2026, at 10:30 China Standard Time. Location: unit a1, no. 700 wanrong road, shanghai China Reported Earnings • Mar 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥3.19 (up from CN¥1.71 in FY 2024). Revenue: CN¥5.76b (up 15% from FY 2024). Net income: CN¥1.54b (up 89% from FY 2024). Profit margin: 27% (up from 16% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
XD Inc. to Report Fiscal Year 2025 Results on Mar 27, 2026 XD Inc. announced that they will report fiscal year 2025 results on Mar 27, 2026 Buy Or Sell Opportunity • Jan 20
Now 22% undervalued Over the last 90 days, the stock has risen 13% to HK$80.00. The fair value is estimated to be HK$102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Recent Insider Transactions • Jan 13
Founder recently sold HK$47m worth of stock On the 6th of January, Yunjie Dai sold around 660k shares on-market at roughly HK$71.05 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Yunjie has been a net seller over the last 12 months, reducing personal holdings by HK$94m. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$77.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Entertainment industry in Hong Kong. Total returns to shareholders of 193% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$102 per share. Recent Insider Transactions • Dec 08
Founder recently sold HK$19m worth of stock On the 1st of December, Yunjie Dai sold around 254k shares on-market at roughly HK$74.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$128m. Yunjie has been a net seller over the last 12 months, reducing personal holdings by HK$48m. Recent Insider Transactions • Dec 04
Founder recently sold HK$8.0m worth of stock On the 26th of November, Yunjie Dai sold around 115k shares on-market at roughly HK$70.20 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$128m. Yunjie has been a net seller over the last 12 months, reducing personal holdings by HK$29m. Recent Insider Transactions • Oct 20
Founder recently sold HK$13m worth of stock On the 14th of October, Yunjie Dai sold around 171k shares on-market at roughly HK$73.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$128m. This was Yunjie's only on-market trade for the last 12 months. Recent Insider Transactions • Oct 02
Founder recently sold HK$128m worth of stock On the 25th of September, Yimeng Huang sold around 2m shares on-market at roughly HK$85.65 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Yimeng has been a net seller over the last 12 months, reducing personal holdings by HK$204m. Recent Insider Transactions Derivative • Sep 13
Founder exercised options and sold HK$5.4m worth of stock On the 8th of September, Yunjie Dai exercised 78k options at a strike price of around HK$9.31 and sold these shares for an average price of HK$78.35 per share. This trade did not impact their existing holding. Since December 2024, Yunjie has owned 54.11m shares directly. Company insiders have collectively sold HK$106m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Sep 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 101% to HK$80.45. The fair value is estimated to be HK$66.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥1.57 (vs CN¥0.43 in 1H 2024) First half 2025 results: EPS: CN¥1.57 (up from CN¥0.43 in 1H 2024). Revenue: CN¥3.08b (up 39% from 1H 2024). Net income: CN¥754.9m (up 268% from 1H 2024). Profit margin: 25% (up from 9.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • Aug 19
XD Inc. to Report First Half, 2025 Results on Aug 29, 2025 XD Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Major Estimate Revision • Aug 07
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥5.39b to CN¥5.82b. EPS estimate increased from CN¥2.01 to CN¥2.35 per share. Net income forecast to grow 43% next year vs 26% growth forecast for Entertainment industry in Hong Kong. Consensus price target up from HK$41.38 to HK$57.35. Share price rose 40% to HK$73.60 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to HK$70.80, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Entertainment industry in Hong Kong. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$46.11 per share. Buy Or Sell Opportunity • Aug 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to HK$56.75. The fair value is estimated to be HK$46.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Recent Insider Transactions Derivative • Jun 21
Founder exercised options and sold HK$16m worth of stock On the 16th of June, Yimeng Huang exercised 486k options at a strike price of around HK$13.64 and sold these shares for an average price of HK$46.73 per share. This trade did not impact their existing holding. For the year to December 2018, Yimeng's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Yimeng has owned 162.31m shares directly. Company insiders have collectively sold HK$97m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 21
Founder recently sold HK$76m worth of stock On the 16th of June, Yimeng Huang sold around 2m shares on-market at roughly HK$46.73 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Yimeng has been a net seller over the last 12 months, reducing personal holdings by HK$76m. Buy Or Sell Opportunity • Jun 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to HK$46.85. The fair value is estimated to be HK$38.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$42.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Entertainment industry in Hong Kong. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$38.87 per share. Announcement • May 29
XD Inc. Approves Final Dividend for the Year Ended December 31, 2024 XD Inc. at its AGM held on May 29, 2025 approved final dividend of HKD 0.4 per ordinary share of the company for the year ended December 31, 2024. Reported Earnings • May 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥1.71 (up from CN¥0.18 loss in FY 2023). Revenue: CN¥5.01b (up 48% from FY 2023). Net income: CN¥811.5m (up CN¥894.6m from FY 2023). Profit margin: 16% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
XD Inc., Annual General Meeting, May 29, 2025 XD Inc., Annual General Meeting, May 29, 2025, at 10:30 China Standard Time. Location: unit a1, no. 700 wanrong road, shanghai China Buy Or Sell Opportunity • Apr 22
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to HK$33.00. The fair value is estimated to be HK$26.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Major Estimate Revision • Apr 04
Consensus EPS estimates increase by 24%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥5.53b to CN¥5.31b. EPS estimate rose from CN¥1.61 to CN¥2.00. Net income forecast to grow 17% next year vs 25% growth forecast for Entertainment industry in Hong Kong. Consensus price target up from HK$27.51 to HK$34.49. Share price was steady at HK$32.85 over the past week. Buy Or Sell Opportunity • Mar 31
Now 27% undervalued Over the last 90 days, the stock has risen 29% to HK$32.35. The fair value is estimated to be HK$44.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥1.71 (up from CN¥0.18 loss in FY 2023). Revenue: CN¥5.01b (up 48% from FY 2023). Net income: CN¥811.5m (up CN¥894.6m from FY 2023). Profit margin: 16% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Mar 28
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 10% 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. Announcement • Mar 18
XD Inc. to Report Q4, 2024 Results on Mar 28, 2025 XD Inc. announced that they will report Q4, 2024 results on Mar 28, 2025 Major Estimate Revision • Mar 08
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥1.41 to CN¥1.56. Revenue forecast steady at CN¥5.03b. Net income forecast to grow 2,166% next year vs 36% growth forecast for Entertainment industry in Hong Kong. Consensus price target up from HK$23.83 to HK$25.27. Share price rose 19% to HK$38.60 over the past week. Buy Or Sell Opportunity • Feb 20
Now 20% undervalued Over the last 90 days, the stock has risen 34% to HK$32.40. The fair value is estimated to be HK$40.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 2,326% in the next 2 years. New Risk • Sep 30
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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Sep 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.19 in 1H 2023) First half 2024 results: EPS: CN¥0.43 (up from CN¥0.19 in 1H 2023). Revenue: CN¥2.22b (up 27% from 1H 2023). Net income: CN¥205.1m (up 127% from 1H 2023). Profit margin: 9.2% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Aug 20
XD Inc. to Report First Half, 2024 Results on Aug 30, 2024 XD Inc. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Aug 05
XD Inc. Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2024 XD Inc. provided unaudited consolidated earnings guidance for the six months ended June 30, 2024. For the six months ended June 30, 2024, the Group is expected to record: a revenue ranging from approximately RMB 2,180 million to RMB 2,230 million, representing an increase of approximately 24.4% to 27.2% as compared to the corresponding period of the last year. The expected increase in revenue is mainly attributable to (a) the revenue from newly launched games GoGo Muffin and Sword of Convallaria, (b) the increase in information services revenue from TapTap PRC, and (c) partially offset by the decrease in revenues from certain existing games; and a net profit ranging from approximately RMB 220 million to RMB 270 million, representing an increase of approximately 114.0% to 162.7% as compared to the corresponding period of the last year. The expected increase in net profit is mainly attributable to (a) an increase in gross profit due to improvements in total revenue and gross margin, and (b) partially offset by the increase in marketing expenses. Announcement • Jun 02
XD Inc., Annual General Meeting, Jun 25, 2024 XD Inc., Annual General Meeting, Jun 25, 2024, at 10:30 China Standard Time. Location: unit a1, no. 700 wanrong road, shanghai China Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.18 loss per share (improved from CN¥1.17 loss in FY 2022). Revenue: CN¥3.39b (down 1.2% from FY 2022). Net loss: CN¥83.0m (loss narrowed 85% from FY 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.18 loss per share (improved from CN¥1.17 loss in FY 2022). Revenue: CN¥3.39b (down 1.2% from FY 2022). Net loss: CN¥83.0m (loss narrowed 85% from FY 2022). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Mar 19
XD Inc. to Report Fiscal Year 2023 Results on Mar 28, 2024 XD Inc. announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Feb 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 10% 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. Recent Insider Transactions • Jan 25
Founder recently bought HK$2.3m worth of stock On the 22nd of January, Yunjie Dai bought around 300k shares on-market at roughly HK$7.57 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yunjie's only on-market trade for the last 12 months. Announcement • Dec 17
XD Inc. Announces Board Changes The board of directors of XD Inc. announced that, Mr. LIU Wei has retired as a non-executive Director upon the expiry of his term of office with effect from December 17, 2023 due to personal work arrangement. Mr. LIU also ceased to be a member of the strategy and development committee of the Company on the same day. The Board announced that, Mr. WU Meng has been appointed as a non-executive Director and a member of the strategy and development committee, with effect from December 17, 2023. Mr. WU Meng, aged 38, started his business since 2005 and has over 18 years of experience in the gaming and Internet industry. From February 2012 to June 2022, Mr. WU worked at Giant Network Group Co. Ltd., where he consecutively served as the vice president from February 2012 to December 2019, and as the chief executive officer from January 2020 to June 2022. Mr. WU is the founder of Shanghai MiAO Worlds Technology Co. Ltd. and has served as the chief executive officer since July 2022. Mr. WU graduated from Shuangyashan City Forestry School in Heilongjiang Province in 2004. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.82 loss in 1H 2022) First half 2023 results: EPS: CN¥0.19 (up from CN¥0.82 loss in 1H 2022). Revenue: CN¥1.75b (up 10.0% from 1H 2022). Net income: CN¥90.2m (up CN¥476.3m from 1H 2022). Profit margin: 5.1% (up from net loss in 1H 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Aug 19
XD Inc. to Report First Half, 2023 Results on Aug 31, 2023 XD Inc. announced that they will report first half, 2023 results on Aug 31, 2023 Buying Opportunity • May 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be HK$30.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: CN¥1.17 loss per share (improved from CN¥1.86 loss in FY 2021). Revenue: CN¥3.43b (up 27% from FY 2021). Net loss: CN¥553.5m (loss narrowed 36% from FY 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Lily Liu 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. Reported Earnings • Oct 02
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: CN¥0.82 loss per share (further deteriorated from CN¥0.71 loss in 1H 2021). Revenue: CN¥1.59b (up 16% from 1H 2021). Net loss: CN¥386.1m (loss widened 19% from 1H 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Entertainment industry in Hong Kong. Reported Earnings • Sep 01
First half 2022 earnings released: CN¥0.82 loss per share (vs CN¥0.71 loss in 1H 2021) First half 2022 results: CN¥0.82 loss per share (down from CN¥0.71 loss in 1H 2021). Revenue: CN¥1.59b (up 16% from 1H 2021). Net loss: CN¥386.1m (loss widened 19% from 1H 2021). Over the next year, revenue is forecast to grow 23%, compared to a 32% growth forecast for the Entertainment industry in Hong Kong. Reported Earnings • Apr 28
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: CN¥1.86 loss per share (down from CN¥0.021 profit in FY 2020). Revenue: CN¥2.70b (down 5.1% from FY 2020). Net loss: CN¥863.8m (down CN¥873.0m from profit in FY 2020). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 11%, compared to a 29% growth forecast for the industry in Hong Kong. Board Change • Apr 27
Less than half of directors are independent There are 6 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: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Founder, Chairman & CEO Yimeng Huang is the most experienced director on the board, commencing their role in 2019. Independent Non Executive Director Lily Liu 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. Major Estimate Revision • Apr 06
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.31b to CN¥3.07b. Losses expected to increase from CN¥0.99 per share to CN¥1.10. Entertainment industry in Hong Kong expected to see average net income growth of 71% next year. Consensus price target down from HK$47.24 to HK$44.06. Share price rose 2.1% to HK$24.80 over the past week. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: CN¥1.86 loss per share (down from CN¥0.021 profit in FY 2020). Revenue: CN¥2.70b (down 5.1% from FY 2020). Net loss: CN¥863.8m (down CN¥873.0m from profit in FY 2020). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 15%, compared to a 28% growth forecast for the industry in Hong Kong. Recent Insider Transactions • Jan 19
Founder recently bought HK$4.0m worth of stock On the 14th of January, Yimeng Huang bought around 120k shares on-market at roughly HK$33.40 per share. In the last 3 months, they made an even bigger purchase worth HK$4.4m. Yimeng has been a buyer over the last 12 months, purchasing a net total of HK$250m worth in shares. Recent Insider Transactions • Dec 23
Founder recently bought HK$3.7m worth of stock On the 20th of December, Yimeng Huang bought around 100k shares on-market at roughly HK$37.35 per share. In the last 3 months, they made an even bigger purchase worth HK$4.4m. Yimeng has been a buyer over the last 12 months, purchasing a net total of HK$246m worth in shares. Recent Insider Transactions • Dec 08
Founder recently bought HK$4.3m worth of stock On the 6th of December, Yimeng Huang bought around 100k shares on-market at roughly HK$43.50 per share. In the last 3 months, they made an even bigger purchase worth HK$4.4m. Yimeng has been a buyer over the last 12 months, purchasing a net total of HK$242m worth in shares. Recent Insider Transactions • Nov 04
Founder recently bought HK$4.4m worth of stock On the 27th of October, Yimeng Huang bought around 100k shares on-market at roughly HK$44.15 per share. In the last 3 months, they made an even bigger purchase worth HK$5.7m. Yimeng has been a buyer over the last 12 months, purchasing a net total of HK$238m worth in shares.