Announcement • Apr 30
China Merchants Land Limited, Annual General Meeting, Jun 05, 2026 China Merchants Land Limited, Annual General Meeting, Jun 05, 2026, at 10:30 China Standard Time. Location: cm+ hotels and serviced apartments, 3/f, south tower, 16 connaught road west, sheung wan, Hong Kong Reported Earnings • Mar 13
Full year 2025 earnings released: CN¥0.45 loss per share (vs CN¥0.38 loss in FY 2024) Full year 2025 results: CN¥0.45 loss per share (further deteriorated from CN¥0.38 loss in FY 2024). Revenue: CN¥26.3b (up 27% from FY 2024). Net loss: CN¥2.20b (loss widened 19% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 74% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Feb 27
China Merchants Land Limited to Report Fiscal Year 2025 Results on Mar 12, 2026 China Merchants Land Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 12, 2026 Reported Earnings • Aug 17
First half 2025 earnings released: CN¥0.047 loss per share (vs CN¥0.067 loss in 1H 2024) First half 2025 results: CN¥0.047 loss per share (improved from CN¥0.067 loss in 1H 2024). Revenue: CN¥4.90b (down 6.6% from 1H 2024). Net loss: CN¥230.9m (loss narrowed 30% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
China Merchants Land Limited to Report First Half, 2025 Results on Aug 15, 2025 China Merchants Land Limited announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • Apr 29
China Merchants Land Limited, Annual General Meeting, Jun 05, 2025 China Merchants Land Limited, Annual General Meeting, Jun 05, 2025, at 10:30 China Standard Time. Location: cm+ hotels and serviced apartments, 3/f, south tower, 16 connaught road west, sheung wan, Hong Kong Reported Earnings • Mar 13
Full year 2024 earnings released: CN¥0.38 loss per share (vs CN¥0.027 profit in FY 2023) Full year 2024 results: CN¥0.38 loss per share (down from CN¥0.027 profit in FY 2023). Revenue: CN¥20.7b (down 28% from FY 2023). Net loss: CN¥1.85b (down CN¥1.98b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Feb 28
China Merchants Land Limited to Report Fiscal Year 2024 Results on Mar 12, 2025 China Merchants Land Limited announced that they will report fiscal year 2024 results on Mar 12, 2025 New Risk • Oct 02
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 49% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Aug 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 49% per year over the past 5 years. Announcement • Aug 09
China Merchants Land Limited to Report First Half, 2024 Results on Aug 29, 2024 China Merchants Land Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jul 04
China Merchants Land Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on July 31, 2024 China Merchants Land Limited approved Final dividend of HKD 0.012 per share for the year ended 31 December 2022. Payment date July 31, 2024. Ex-dividend date is July 8, 2024. Record date is July 12, 2024. Date of shareholders approval June 28, 2024. Upcoming Dividend • Jul 01
Upcoming dividend of HK$0.012 per share Eligible shareholders must have bought the stock before 08 July 2024. Payment date: 13 July 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (6.2%). Upcoming Dividend • May 23
Upcoming dividend of HK$0.012 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (5.2%). Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.067 in FY 2022) Full year 2023 results: EPS: CN¥0.027 (down from CN¥0.067 in FY 2022). Revenue: CN¥28.8b (down 3.6% from FY 2022). Net income: CN¥133.4m (down 60% from FY 2022). Profit margin: 0.5% (down from 1.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 25
Dividend reduced to HK$0.012 Dividend of HK$0.012 is 60% lower than last year. Ex-date: 30th May 2024 Payment date: 28th June 2024 Dividend yield will be 4.4%, which is lower than the industry average of 6.6%. Sustainability & Growth The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 36% EPS decline seen over the last 5 years. Announcement • Apr 24
China Merchants Land Limited, Annual General Meeting, May 24, 2024 China Merchants Land Limited, Annual General Meeting, May 24, 2024, at 10:30 China Standard Time. Location: CM+ Hotels and Serviced Apartments, 3/F, South Tower, 16 Connaught Road West Sheung Wan Hong Kong Agenda: To receive and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditors of the Company for the year ended 31 December 2023; to re-elect Mr. JIANG Tiefeng as a non-executive Director; to re-elect Mr. WONG King Yuen as an executive Director; to appoint PricewaterhouseCoopers as the auditor of the Company in place of the retiring auditor, Messrs. Deloitte Touche Tohmatsu, to hold office until the conclusion of the next annual general meeting of the Company and to authorise the Board to fix the auditor's remuneration; and to consider other matters. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.067 in FY 2022) Full year 2023 results: EPS: CN¥0.027 (down from CN¥0.067 in FY 2022). Revenue: CN¥28.8b (down 3.6% from FY 2022). Net income: CN¥133.4m (down 60% from FY 2022). Profit margin: 0.5% (down from 1.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Announcement • Mar 15
China Merchants Land Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 30 June 2024 China Merchants Land Limited proposed final dividend of HKD 0.012 per share for the year ended 31 December 2023. Payment date is 30 June 2024. Announcement • Mar 02
China Merchants Land Limited to Report Fiscal Year 2023 Results on Mar 14, 2024 China Merchants Land Limited announced that they will report fiscal year 2023 results on Mar 14, 2024 Announcement • Sep 26
China Merchants Land Limited Announces Board Changes The board of directors of China Merchants Land Limited announced that, due to reaching the statutory retirement age in the PRC, Mr. Xu Yongjun (Mr. Xu) has resigned as a non-executive director and the chairman of the board and will cease to be the chairman of the nomination committee of the company (the nomination committee), with effect from 25 September 2023. The board further announced that Mr. Jiang Tiefeng (Mr. Jiang) has been appointed as a non-executive director, the chairman of the board and the chairman of the nomination committee. Mr. JIANG Tiefeng, aged 50, is a senior engineer. He is currently the chairman of the board of directors and secretary of the Party Committee of China Merchants Shekou Industrial Zone Holdings Co. Ltd. (CMSK). He has been a director of CMSK since October 2019 and the general manager of CMSK from October 2019 to September 2023. He has been the assistant general manager, deputy general manager and general manager of China Merchants Property Development Co. Ltd. Nanjing Company; the general manager of CMSK's Shanghai Company, the executive deputy general manager of the East China region, the general manager of the East China region and the general manager of the Jiangnan region; and the deputy general manager of CMSK. Mr. Jiang graduated from Huazhong University of Science and Technology with a Bachelor's Degree in Civil Engineering, majoring in Architectural Engineering, and later studied at Tsinghua University with a Master's Degree in Engineering. Reported Earnings • Aug 24
First half 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.051 in 1H 2022) First half 2023 results: EPS: CN¥0.017 (down from CN¥0.051 in 1H 2022). Revenue: CN¥9.81b (down 29% from 1H 2022). Net income: CN¥84.1m (down 66% from 1H 2022). Profit margin: 0.9% (down from 1.8% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
China Merchants Land Limited to Report First Half, 2023 Results on Aug 23, 2023 China Merchants Land Limited announced that they will report first half, 2023 results on Aug 23, 2023 Upcoming Dividend • May 23
Upcoming dividend of HK$0.03 per share at 6.2% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (5.2%). Announcement • May 06
China Merchants Land Limited Announces Executive Changes The board of directors of China Merchants Land Limited announced that, with effect from 5 May 2023, Mr. He Qi has resigned as an independent non-executive Director due to other personal career plans. Mr. Yu Zhiliang has also tendered his resignation as a non-executive Director due to change in work arrangements, and will cease to serve as a member of the audit committee of the Company. The Board further announced that Mr. Li Yao has been appointed as a non-executive Director and a member of the Audit Committee. Mr. LI Yao, aged 36, is currently the Deputy General Manager of the Overseas Development Division of China Merchants Shekou Industrial Zone Holdings Co. Ltd. He joined China Merchants Holdings (International) Company Limited in 2012 and has since served as the Engineer and Assistant Department Manager of the Engineering Department and Administration Department of China Merchants Colombo International Container Terminals Ltd., the Manager of the Administration Department of China Merchants Holdings (International) Company Limited, the Manager of the Overseas Business Department of China Merchants Holdings (International) Company Limited, the Permanent Representative of China Merchants Group Representative Office in Djibouti, the Manager of Overseas Department and International Cooperation Department of China Merchants Group Headquarters, Deputy Director of Executive Office of China Merchants Group Headquarters. Mr. Li graduated from Tianjin University with a bachelor's degree in engineering management and English in July 2009 and later graduated from Tianjin University with a master's degree in management in engineering management in January 2012. The Board further announces that (i) Mr. Wong King Yuen, an executive Director, has been appointed as the Process Agent; and (ii) Ms. Chen Yan, an executive Director, has been appointed as the Authorised Representative, with effect from 5 May 2023. Mr. IP Man Ki Ryan, aged 33, joined Our Hong Kong Foundation in January 2017 and is now the Foundation's Vice President and Co Head of Research. He worked as an economist at Hong Kong Monetary Authority from May 2016 to December 2016 and a real estate analyst at Jones Lang LaSalle from July 2014 to April 2016. Mr. Ip participates in various public offices. He is a member of the Hong Kong Government's Land and Development Advisory Committee and Advisory Committee on the Northern Metropolis, Executive Committee member of the China Real Estate Chamber of Commerce Hong Kong and International Chapter, International Advisory Committee member of the Research Institute for Land and Space at the Hong Kong Polytechnic University, and board member of the Hong Kong PropTech Association. Mr. Ip is also an Interview Assessor for Chartered qualification of the Royal Institution of Chartered Surveyors, a member of the Housing Committee of the Urban Land Institute and a member of the Land and Housing Supply Working Group of Hong Kong General Chamber of Commerce. He obtained a bachelor's degree in economics from The Chinese University of Hong Kong in July 2012 and a Master of Science degree in Economics from the London School of Economics and Political Science in July 2013. Mr. Ip is a Chartered Surveyor (MRICS) and a Chartered Financial Analyst (CFA). Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.11 in FY 2021) Full year 2022 results: EPS: CN¥0.067 (down from CN¥0.11 in FY 2021). Revenue: CN¥29.9b (up 15% from FY 2021). Net income: CN¥329.7m (down 41% from FY 2021). Profit margin: 1.1% (down from 2.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Feb 11
China Merchants Land Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2022 The board of directors of the China Merchants Land Limited informed the shareholders of the Company and potential investors that based on the Board's preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2022, which have not been reviewed by the Company's auditors, the net profit attributable to the owners of the Company is expected to decrease by approximately 40%, as compared to the corresponding period in 2021 (approximately RMB 560 million). Announcement • Feb 04
China Merchants Land Limited Announces Change of Directors and Board Committee Members The board of directors of China Merchants Land Limited announced that, with effect from 3 February 2023: Ms. Liu Ning has resigned as a non-executive Director and a member of the audit committee of the Company due to age reason; Mr. Yu Zhiliang has resigned as the general manager of the Company due to change in work arrangements and has been re-designated as a non-executive Director and appointed as a member of the Audit Committee; and Ms. Chen Yan has been appointed as an executive Director and will continue to serve as the chief financial officer of the Company. The biographical details of Mr. Yu and Ms. Chen are set out as follows: Mr. Yu Zhiliang, aged 44, has joined the Company as an executive director since 2 June 2012. He served as the general manager of the Company from 18 August 2016 to 3 February 2023 and the chief financial officer of the Company from 29 June 2012 to 17 August 2016. Mr. Yu has served as a director of Champion Apex Limited since January 2013 and a director of Harvest Allied Investments Limited since April 2013. Mr. Yu is responsible for strategic development, and to facilitate and implement the operational plans of the Group. Mr. Yu has served as the chief financial officer of Xiamen company of China Merchants Property Development Co. Ltd. and Fujian Zhong Lian Sheng Estate Development Ltd. since 2010. Mr. Yu is a director of certain major subsidiaries of the Company. He has been appointed as a non-executive director of the REIT Manager of China Merchants Commercial Real Estate Investment Trust, the units of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited since 11 July 2019. Mr. Yu is also a director of China Merchants Property Operation & Service Co. Ltd. He currently serves as the Board Secretary of China Merchants Shekou Industrial Zone Holdings Co. Ltd. since 16 January 2023. He obtained a bachelor's degree in accounting from Xiamen University and a master's degree in business administration (finance) from the Chinese University of Hong Kong. Mr. Yu is an accountant in the People's Republic of China. Mr. Wong King Yuen, aged 55, was appointed as an executive director of the Company on 18 March 2016. Ms. Chen Yan, aged 44, has been the chief financial officer of the Company since January 2018 and was the deputy chief financial officer of the Company from May 2017 to January 2018. She joined CMSK, an intermediate controlling shareholder of the Company, in October 2009 as a senior manager of the finance department until July 2016. She was also appointed as the senior chief financial manager of the finance department of CMSK from July 2016 to May 2017. She also has been the internal auditor of the REIT Manager of China Merchants Commercial Real Estate Investment Trust since December 2019. Ms. Chen graduated from the School of Management of Sun Yat-Sen University in 2002 with a master's degree in accounting and business studies. In 2002, she was qualified as a certified public accountant in the PRC. Buying Opportunity • Nov 22
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$0.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 39%. 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. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Qi He was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be HK$0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 39%. Buying Opportunity • Oct 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be HK$0.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 39%. Reported Earnings • Aug 19
First half 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.06 in 1H 2021) First half 2022 results: EPS: CN¥0.051 (down from CN¥0.06 in 1H 2021). Revenue: CN¥13.8b (up 89% from 1H 2021). Net income: CN¥249.8m (down 16% from 1H 2021). Profit margin: 1.8% (down from 4.1% in 1H 2021). The decrease in margin was driven by higher expenses. 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 16% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jul 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be HK$0.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 25%. Buying Opportunity • Jun 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be HK$0.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 25%. Buying Opportunity • May 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be HK$0.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 25%. Upcoming Dividend • May 23
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 7.6%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (5.5%). Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in FY 2020) Full year 2021 results: EPS: CN¥0.11 (down from CN¥0.14 in FY 2020). Revenue: CN¥25.9b (up 37% from FY 2020). Net income: CN¥560.6m (down 20% from FY 2020). Profit margin: 2.2% (down from 3.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Qi He was the last independent director to join the board, commencing their role in 2013. 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 • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.11 (down from CN¥0.14 in FY 2020). Revenue: CN¥25.9b (up 37% from FY 2020). Net income: CN¥560.6m (down 20% from FY 2020). Profit margin: 2.2% (down from 3.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 26
First half 2021 earnings released: EPS CN¥0.06 (vs CN¥0.017 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥7.30b (up 145% from 1H 2020). Net income: CN¥296.7m (up 258% from 1H 2020). Profit margin: 4.1% (up from 2.8% 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 19% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 22
First half 2021 earnings released: EPS CN¥0.06 (vs CN¥0.017 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥7.30b (up 145% from 1H 2020). Net income: CN¥296.7m (up 258% from 1H 2020). Profit margin: 4.1% (up from 2.8% 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 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 21
Upcoming dividend of HK$0.07 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 30 June 2021. Trailing yield: 5.9%. Within top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (4.5%). Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.37 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥19.0b (down 2.6% from FY 2019). Net income: CN¥701.3m (down 61% from FY 2019). Profit margin: 3.7% (down from 9.2% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.37 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥19.0b (down 2.6% from FY 2019). Net income: CN¥701.3m (down 61% from FY 2019). Profit margin: 3.7% (down from 9.2% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of CN¥1.39b, up 8.0% from the prior year. Total revenue was CN¥19.5b over the last 12 months, up 68% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: HK$1.13 The company is down 4.0% from its price of HK$1.18 on 26 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 Real Estate industry, which is down 3.0% over the same period.