Buy Or Sell Opportunity • 5h
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to HK$0.26. The fair value is estimated to be HK$0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • May 27
Upcoming dividend of CN¥0.02 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 30 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.0%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (3.5%). Recent Insider Transactions • May 26
Executive Chairman recently bought HK$542k worth of stock On the 21st of May, Hsiao-Po Chou bought around 2m shares on-market at roughly HK$0.35 per share. This transaction amounted to 83% 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 Hsiao-Po's only on-market trade for the last 12 months. New Risk • Apr 08
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: 6.7% 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 58% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$211.7m market cap, or US$27.0m). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.039 loss in FY 2024) Full year 2025 results: EPS: CN¥0.005 (up from CN¥0.039 loss in FY 2024). Revenue: CN¥8.62b (down 1.4% from FY 2024). Net income: CN¥3.13m (up CN¥27.2m from FY 2024). Profit margin: 0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 02
Dividend of CN¥0.02 announced Shareholders will receive a dividend of CN¥0.02. Ex-date: 3rd June 2026 Payment date: 30th June 2026 Dividend yield will be 5.9%, which is higher than the industry average of 5.5%. Announcement • Mar 31
BetterLife Holding Limited, Annual General Meeting, May 29, 2026 BetterLife Holding Limited, Annual General Meeting, May 29, 2026. New Risk • Mar 31
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 Risk Earnings have declined by 58% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$230.3m market cap, or US$29.4m). Announcement • Mar 19
BetterLife Holding Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 BetterLife Holding Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 31, 2026 New Risk • Jan 13
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 9.6% 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 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (HK$273.9m market cap, or US$35.1m). Reported Earnings • Sep 01
First half 2025 earnings released: EPS: CN¥0.012 (vs CN¥0.054 in 1H 2024) First half 2025 results: EPS: CN¥0.012 (down from CN¥0.054 in 1H 2024). Revenue: CN¥3.81b (down 11% from 1H 2024). Net income: CN¥7.13m (down 79% from 1H 2024). Profit margin: 0.2% (down from 0.8% in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
BetterLife Holding Limited to Report First Half, 2025 Results on Aug 28, 2025 BetterLife Holding Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 30
BetterLife Holding Limited Approves Final Dividend for the Year Ended December 31, 2024, Payable on or Before June 30, 2025 BetterLife Holding Limited at its AGM held on 30 May 2025, approved final dividend of RMB 2.0 cents per ordinary share in respect of the year ended December 31, 2024 and will be paid in cash on or before June 30, 2025 to the Shareholders whose names appear on the register of members of the Company on June 10, 2025. Upcoming Dividend • May 27
Upcoming dividend of CN¥0.02 per share Eligible shareholders must have bought the stock before 03 June 2025. Payment date: 30 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (2.5%). Board Change • May 08
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 Fumin Chu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
BetterLife Holding Limited, Annual General Meeting, May 30, 2025 BetterLife Holding Limited, Annual General Meeting, May 30, 2025. Announcement • Mar 20
BetterLife Holding Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 BetterLife Holding Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Announcement • Jan 02
BetterLife Holding Limited Announces Change of Directors, Chairman of the Board and Composition of Board Committees, Effective January 1, 2025 The board of directors of BetterLife Holding Limited announced that, with effect from 1 January 2025, Dr. Chou Som Po has resigned from his positions as a non-executive Director, the chairman of the Board, a member of the remuneration committee, the chairman of the nomination committee and the chairman of the strategic development committee of the
Board to devote more time to his other business commitments. Dr. Chou has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the
shareholders of the Company and the Stock Exchange. Following Dr. Chou's resignation, the Board further announces that, Mr. Chou Patrick Hsiao-Po has been appointed as an executive Director, the chairman of the Board, a member of the Remuneration Committee, the chairman of the Nomination Committee and the chairman of the Strategic Development Committee, with effect from 1 January 2025. Mr. Chou Patrick Hsiao-Po, aged 55, is the younger brother of Dr. Chou. Mr.
Chou is the founder of the Group and was appointed as a Director of the Company in May 2018. He was appointed as the chairman of the Board, the chief executive officer, re-designated as an executive Director in December 2020 and resigned his positions due to his personal endeavors in March 2024. During his service in the Company, Mr. Chou was responsible for the overall strategy and operation of the Group and served as a director of certain subsidiaries of the Group. From 1987 to 1992, Mr. Chou worked for his family business in Germany (including serving as the general manager of Chou Dynasty GmbH, which primarily focused on trade, investment and catering business between China and Germany). From 1992 to
1998, Mr. Chou served as the chairman of the board of directors of Dynasty (Tianjin) International Trade Co. Ltd. in China which primarily focused on wholesaling business. Mr. Chou founded the Group in September 1998 and principally devoted his time and resources to the Group's development, particularly in the areas of business development and operational management. He led the signing of the dealership agreement of Audi automobiles in China in 1999 and the dealership agreement of Porsche automobiles in China in 2000. Mr. Chou has accumulated over 25 years of experiences in the car dealing industry from his founding and development of the Group. Mr. Chou received education in Braunschweig, Germany in the 1980s and completed grade 10 education at Sidonienstraße school in 1987. New Risk • Dec 19
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 19% 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 (19% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (HK$498.0m market cap, or US$64.1m). Announcement • Oct 10
BetterLife Holding Limited Appoints Tu Jing as Joint Company Secretary The board of directors of BetterLife Holding Limited announced that Ms. Tu Jing has been appointed as a joint company secretary of the Company with effect from 10 October 2024. The current company secretary of the Company, namely Mr. Leung Chi Kit ("Mr. Leung''), will become the other joint company secretary with effect from the same day and assist Ms. Tu in discharging her duties as a joint company secretary. Ms. Tu Jing, aged 34, joined the Group in March 2018 as the financial assistant of the office of the Board and was promoted to and has served as the financial manager of the office of the Board since February 2022. Prior to joining the Group in March 2018, Ms. Tu worked as an auditor in KPMG Huazhen LLP. (from October 2014 to October 2016. From November 2016 to March 2018, Ms.) Tu worked in the direct investment department in Zhongsheng Youxin Management (Tianjin) Co. Ltd. Ms. Tu received a bachelor's degree in economics from Nankai University in Tianjin, the PRC, majoring in economics in June 2012, and a master's degree in accounting from University of Pittsburgh in the U.S. in May 2014. Mr. Leung Chi Kit, a manager of the Listing Services Department of TMF Hong Kong Limited (a global corporate services provider), has more than 10 years of experience in company secretarial field. He obtained a bachelor's degree in Accounting and Marketing in 2004. Mr. Leung is also an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Board Change • Oct 09
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, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Fumin Chu was the last independent director to join the board, commencing their role in 2024. 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 • Oct 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$1.02, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 79% over the past three years. Upcoming Dividend • Sep 03
Upcoming dividend of HK$0.033 per share Eligible shareholders must have bought the stock before 10 September 2024. Payment date: 28 November 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (8.3%). Lower than average of industry peers (6.7%). Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.054 (vs CN¥0.057 in 1H 2023) First half 2024 results: EPS: CN¥0.054 (down from CN¥0.057 in 1H 2023). Revenue: CN¥4.28b (down 20% from 1H 2023). Net income: CN¥33.9m (down 4.6% from 1H 2023). Profit margin: 0.8% (up from 0.7% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
BetterLife Holding Limited to Report First Half, 2024 Results on Aug 28, 2024 BetterLife Holding Limited announced that they will report first half, 2024 results on Aug 28, 2024 Upcoming Dividend • Apr 26
Upcoming dividend of CN¥0.03 per share Eligible shareholders must have bought the stock before 03 May 2024. Payment date: 13 August 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Hong Kong dividend payers (8.1%). In line with average of industry peers (5.1%). Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.28 in FY 2022) Full year 2023 results: EPS: CN¥0.09 (down from CN¥0.28 in FY 2022). Revenue: CN¥10.7b (up 6.4% from FY 2022). Net income: CN¥56.8m (down 67% from FY 2022). Profit margin: 0.5% (down from 1.7% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Mar 23
BetterLife Holding Limited, Annual General Meeting, Apr 30, 2024 BetterLife Holding Limited, Annual General Meeting, Apr 30, 2024. Announcement • Mar 13
BetterLife Holding Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 BetterLife Holding Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Reported Earnings • Dec 21
First half 2023 earnings released: EPS: CN¥0.057 (vs CN¥0.26 in 1H 2022) First half 2023 results: EPS: CN¥0.057 (down from CN¥0.26 in 1H 2022). Revenue: CN¥5.36b (up 17% from 1H 2022). Net income: CN¥35.5m (down 78% from 1H 2022). Profit margin: 0.7% (down from 3.5% in 1H 2022). The decrease in margin was driven by higher expenses. New Risk • Dec 13
New major risk - Revenue and earnings growth Earnings have declined by 9.9% 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. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (HK$597.6m market cap, or US$76.5m). Board Change • Dec 12
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 Sai Tong Lou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 30
BetterLife Holding Limited to Report First Half, 2023 Results on Dec 11, 2023 BetterLife Holding Limited announced that they will report first half, 2023 results on Dec 11, 2023 Announcement • Nov 15
Betterlife Holding Limited Appoints Lou Sai Tong as an Independent Non-Executive Director, the Chairman of the Audit Committee and A Member of the Nomination Committee of the Board The board of directors of BetterLife Holding Limited announced that Mr. Lou Sai Tong is appointed as an independent non-executive Director, the chairman of the audit committee and a member of the nomination committee of the Board, with effect from November 13, 2023. Mr. Lou Sai Tong (), aged 56, has over 30 years of professional and extensive experience working in international audit firms and as chief financial officer/company secretary in various publicly listed companies, including companies listed on The Stock Exchange of Hong Kong Limited. Mr. Lou currently serves as the managing director of Full Capital Group Co. Ltd. From May 2019 to November 2020, Mr. Lou served as an independent non-executive director of Sino Vision Worldwide Holdings Limited (a company previously listed on the growth enterprise market of the Stock Exchange with stock code 8086). From June 2000 to July 2017, Mr. Lou served as the chief financial officer and/or the company secretary of various companies listed or previously listed on the Stock Exchange or Singapore Exchange, including SMI Holdings Group Limited (a company previously listed on the Main Board of the Stock Exchange with stock code 0198), China Kingstone Mining Holdings Limited (a company listed on the Main Board of the Stock Exchange with stock code 1380), China Shineway Pharmaceutical Group Limited (a company listed on the Main Board of the Stock Exchange with stock code 2877), China NT Pharma Group Company Limited (a company listed on the Main Board of the Stock Exchange with stock code 1011), C&G Environmental Protection Holdings Limited (a company previously listed on the Main Board of the Singapore Exchange with stock code D79) and China Everbright Technology Limited (a company listed on the Main Board of the Stock Exchange with stock code 256, and currently known as Citychamp Watch & Jewellery Group Limited). Mr. Lou graduated from University of South Australia and received a master's degree in business administration. He is a member of Association of International Accountants as well as a member of Hong Kong Institute of Certified Public Accountants. Taking into consideration of Mr. Lou's background and qualifications, the Directors (including the independent non-executive Directors) consider Mr. Lou is suitable to act as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee. Following the appointment of Mr. Lou as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee, the number of independent non-executive Directors and the number of members of the Audit Committee and the number of independent non-executive Directors in the Nomination Committee meet the requirements under Rules 3.10(1), 3.21 and 3.27A of the Listing Rules. Announcement • Nov 01
BetterLife Holding Limited Announces Board Changes BetterLife Holding Limited announced that Mr. Yau Ka Chi has resigned as an independent non-executive Director with effect from October 31, 2023. Upon Mr. Yau's resignation as an independent non-executive Director, he also ceased to be the chairman of the audit committee and a member of the nomination committee of the Board. The resignation of Mr. Yau was due to his desire to focus on his other commitments. The Board refers to the announcement of the Company dated September 29, 2023 in relation to, among other things, the appointment of the independent board committee (the ``IBC''), which comprised Mr. Liu Dengqing, Mr. Wong Ka Kit and Mr. Yau Ka Chi, to consider and advise the independent shareholders of the Company on the terms of certain connected transactions and continuing connected transactions and the annual caps thereunder. Due to the resignation of Mr. Yau, the Board announces that with effect from the date of this announcement, Mr. Yau ceased to be a member of the IBC and the IBC comprises Mr. Liu Dengqing and Mr. Wong Ka Kit, being the remaining independent non-executive Directors. Announcement • Aug 30
Betterlife Holding Limited Announces Executive Appointments BetterLife Holding Limited appointed Ms. Sun Jing an Executive Director, Director, as the deputy chairlady of the Board for a term commencing from August 29, 2023 up to and including the earlier of 30 June 2024 and the date of the general meeting of the Company in which the audited consolidated financial statements of the Company for the year ending 31 December 2023 is to be tabled for approval by the shareholders of the Company, or such earlier date as otherwise determined by the Board. As the Deputy Chairlady, Ms. Sun shall be primarily responsible for providing leadership for the Board and performing the duties of the chairperson of the Board under the constitutional documents of the Company and the Listing Rules. The company appointed Ms. Wei Hongjing as the deputy chief executive officer of the Company for a term commencing from 29 August 2023 up to and including the earlier of (i) 30 June 2024 and (ii) the date of the general meeting of the Company in which the audited consolidated financial statements of the Company for the year ending 31 December 2023 is to be tabled for approval by the shareholders of the Company, or such earlier date as otherwise determined by the Board. As the Deputy Chief Executive Officer, Ms. Wei will be primarily responsible for managing the day-to-day operations of the Group and execution of the Group's strategy with the support of the management team of the Group which she leads. Ms. Wei Hongjing (), aged 53, first joined the Group in June 2002 and has extensive knowledge of the business and operation of Group as well as the industry. During the periods of July 2015 to December 2015 and July 2004 to June 2009, Ms. Wei served as the general manager of the Beijing Yizhuang Porsche Center operated by Beijing BetterLife Group and was primarily responsible for formulating strategy, sales goals and operation plans and adjustment of marketing strategy of such center. Ms. Wei served as the assistant to the chief executive officer of the Group from July 2014 to July 2015. Ms. Wei served as the general manager of Chengdu Jinniu Porsche Center operated by Chengdu Jinbao from January 2016 to December 2020, the general manager of Chengdu Airport Porsche Center operated by Chengdu Xinbao from January 2018 to December 2020, an executive Director from December 2020 to December 2021. Ms. Wei resigned as an executive Director on 31 December 2021 in order to devote more time to her family. Ms. Wei rejoined the Group when she was appointed as an executive vice president of the Company in 21 August 2023, before she was appointed as the Deputy Chief Executive Officer on 29 August 2023. Ms. Wei graduated from Tianjin United Yeyu University in July 1993 and attended training courses provided by Porsche Business Excellence International Dealer Academy the Executive School of Management, Technology and Law of the University of St. Gallen in Switzerland, from February 2017 to March 2018. Ms. Wei has entered into a service contract with the Company as an executive vice president for the term of one year commencing from 21 August 2023. A supplemental agreement has been entered into by Ms. Wei and the Company in relation to the appointment of the Deputy Chief Executive Officer. Ms. Wei is entitled to a remuneration of RMB80,000 per month and a discretionary bonus, which is determined by the Board upon recommendation of the remuneration committee of the Board based on her qualification and experience, duties and responsibilities with the Company, prevailing market rates of similar positions, and the remuneration policy of the Company. Announcement • Aug 22
BetterLife Holding Limited to Report First Half, 2023 Results on Aug 31, 2023 BetterLife Holding Limited announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • Aug 21
Betterlife Holding Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2023 BetterLife Holding Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2023. For the period, Group expects to record a decrease of no more than 85% in the profit attributable to owners of the Company, as compared to the profit attributable to owners of the Company of approximately RMB 159.1 million recorded for the six months ended June 30, 2022. New Risk • Aug 17
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 9.5% 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 High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to HK$2.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 54% over the past year. Major Estimate Revision • Jul 20
Consensus EPS estimates fall by 76% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.715 to CN¥0.169 per share. Revenue forecast steady at CN¥10.8b. Net income forecast to shrink 38% next year vs 48% growth forecast for Specialty Retail industry in Hong Kong . Consensus price target down from HK$7.74 to HK$3.60. Share price was steady at HK$3.08 over the past week. Announcement • Jun 29
BetterLife Holding Limited Declares Final Dividend for Year Ended December 31, 2022 Payable on or Before August 15, 2023 BetterLife Holding Limited at the AGM held on June 28, 2023 declared a final dividend of RMB 0.03 per ordinary share in respect of the year ended December 31, 2022 out of the share premium account of the Company. Dividend will be paid in cash on or before August 15, 2023. For determining the Shareholder's entitlement to the proposed final dividend of the Company, the register of members of the Company will be closed from July 5, 2023 to July 10, 2023 (both days inclusive). Upcoming Dividend • Jun 26
Upcoming dividend of CN¥0.03 per share at 1.1% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (3.9%). Reported Earnings • Apr 19
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.28 (down from CN¥0.86 in FY 2021). Revenue: CN¥10.1b (up 1.2% from FY 2021). Net income: CN¥171.5m (down 62% from FY 2021). Profit margin: 1.7% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Specialty Retail industry in Hong Kong. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to HK$2.40, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 58% over the past year. Recent Insider Transactions • Jan 03
Executive Chairman of the Board & CEO recently bought HK$366k worth of stock On the 28th of December, Hsiao-Po Chou bought around 115k shares on-market at roughly HK$3.18 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$420k. Hsiao-Po has been a buyer over the last 12 months, purchasing a net total of HK$4.9m worth in shares. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 26% share price gain to HK$3.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 37% over the past year. Recent Insider Transactions • Nov 29
Executive Chairman of the Board & CEO recently bought HK$145k worth of stock On the 24th of November, Hsiao-Po Chou bought around 48k shares on-market at roughly HK$3.02 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$420k. Hsiao-Po has been a buyer over the last 12 months, purchasing a net total of HK$4.3m worth in shares. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 27% share price gain to HK$3.30, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 41% over the past year. Recent Insider Transactions • Nov 20
Executive Chairman of the Board & CEO recently bought HK$420k worth of stock On the 17th of November, Hsiao-Po Chou bought around 150k shares on-market at roughly HK$2.80 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hsiao-Po has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. Board Change • Nov 16
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). Executive Chairman of the Board & CEO Patrick Chou is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Ka Kit Wong 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. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$3.38, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 52% over the past year. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.47 in 1H 2021) First half 2022 results: EPS: CN¥0.26 (down from CN¥0.47 in 1H 2021). Revenue: CN¥4.58b (down 7.4% from 1H 2021). Net income: CN¥159.1m (down 24% from 1H 2021). Profit margin: 3.5% (down from 4.2% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 47%, compared to a 16% growth forecast for the Specialty Retail industry in Hong Kong. Announcement • Aug 17
BetterLife Holding Limited to Report First Half, 2022 Results on Aug 29, 2022 BetterLife Holding Limited announced that they will report first half, 2022 results on Aug 29, 2022 Recent Insider Transactions • Aug 09
Executive Chairman of the Board & CEO recently bought HK$2.4m worth of stock On the 2nd of August, Hsiao-Po Chou bought around 551k shares on-market at roughly HK$4.35 per share. This was the largest purchase by an insider in the last 3 months. Hsiao-Po has been a buyer over the last 12 months, purchasing a net total of HK$4.8m worth in shares. Buying Opportunity • Aug 08
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 8.7%. The fair value is estimated to be HK$5.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Announcement • Jul 28
BetterLife Holding Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022 BetterLife Holding Limited provides earnings guidance for the six months ended June 30, 2022. The Group is expected to record a decrease of no more than 35% in the profit attributable to owners of the Company, as compared to the unaudited profit attributable to owners of the Company of approximately RMB 209.1 million recorded for the six months ended June 30, 2021. The expected decrease in the Group's profit was mainly due to the decrease in revenue and gross profits for the Period, as compared to the corresponding period in 2021. During the Period, operations have been negatively affected by regional outbreaks and public health control measures at the cities which the Group has 4S dealership stores in operation, resulting in a decline in the operating results of the Group in the first half of 2022 as compared to the same period in 2021. Announcement • Jun 29
BetterLife Holding Limited Approves Final Dividend for the Year Ended December 31, 2021 Payable on or Before July 26, 2022 BetterLife Holding Limited at Annual General Meeting Held on June 28, 2022, approved the payment of the final dividend of 22.0 RMB cents per ordinary share out of the share premium account of the Company for the year ended December 31, 2021 and will be paid in cash on or before July 26, 2022 to the Shareholders whose names appear on the register of members of the Company on July 4, 2022. Buying Opportunity • Jun 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be HK$5.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Jun 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 8.3%. The fair value is estimated to be HK$5.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Recent Insider Transactions • May 19
Executive Chairman of the Board & CEO recently bought HK$902k worth of stock On the 12th of May, Hsiao-Po Chou bought around 194k shares on-market at roughly HK$4.65 per share. This was the largest purchase by an insider in the last 3 months. Hsiao-Po has been a buyer over the last 12 months, purchasing a net total of HK$2.4m worth in shares. Buying Opportunity • May 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be HK$5.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. 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). Executive Chairman of the Board & CEO Patrick Chou is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Ka Kit Wong 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 23
BetterLife Holding Limited, Annual General Meeting, Jun 28, 2022 BetterLife Holding Limited, Annual General Meeting, Jun 28, 2022, at 10:00 China Standard Time. Location: No. 143 The 4th West Wing North Road, Haidian District, Beijing China Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the directors and auditor of the company for the year ended December 31, 2021; to declare a final dividend of RMB0.22 per ordinary share in respect of the year ended December 31, 2021 out of the share premium account of the company; to re-elect Mr. Chou Patrick Hsiao-Po as an executive Director; to re-elect Ms. Sun Jing as an executive Director; to re-elect Mr. Xu Tao as an executive Director; to re-elect Mr. Chau Kwok Keung as an executive Director; and to authorize the board of Directors to fix the respective Directors' remuneration; to re-appoint Ernst & Young as the Company's auditor and to authorize the Board to fix their remuneration; and to transact other business. Major Estimate Revision • Apr 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥13.5b to CN¥12.6b. EPS estimate rose from CN¥0.82 to CN¥0.98. Net income forecast to grow 22% next year vs 20% growth forecast for Specialty Retail industry in Hong Kong. Consensus price target down from HK$11.58 to HK$10.49. Share price rose 4.8% to HK$4.98 over the past week. Reported Earnings • Mar 30
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.86 (up from CN¥0.52 in FY 2020). Revenue: CN¥9.96b (up 17% from FY 2020). Net income: CN¥456.0m (up 94% from FY 2020). Profit margin: 4.6% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 30%. Over the next year, revenue is forecast to grow 35%, compared to a 20% growth forecast for the retail industry in Hong Kong. Announcement • Mar 29
BetterLife Holding Limited Declares Final Dividend for the Fiscal Year Ended December 31, 2021 BetterLife Holding Limited declared final dividend of RMB 0.22 per share for the fiscal year ended December 31, 2021. Ex dividend date is on June 30, 2022, record date is on July 8, 2022 and payable on July 26, 2022. Announcement • Jan 20
BetterLife Holding Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2021 BetterLife Holding Limited provided earnings guidance for the year ended December 31, 2021. For the year, the company is expected to record an unaudited profit attributable to owners of the Company of no less than RMB 430.0 million for the Year, as compared to the profit attributable to owners of the Company of approximately RMB 235.0 million recorded for the year ended 31 December 2020. The expected increase in the Group's profit is mainly due to the increase in revenue from both of sales of vehicles and after sales services, the increase in transaction volume and average selling price as well as the increase in the commission income from other value-added automobile services for the Year, as compared to the corresponding period in 2020. Recent Insider Transactions • Oct 13
Executive Chairman of the Board & CEO recently bought HK$497k worth of stock On the 11th of October, Hsiao-Po Chou bought around 87k shares on-market at roughly HK$5.71 per share. This was the largest purchase by an insider in the last 3 months. This was Hsiao-Po's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$5.25, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in Hong Kong. 
