Announcement • Jun 30
Guangshen Railway Company Limited to Report First Half, 2026 Results on Aug 26, 2026 Guangshen Railway Company Limited announced that they will report first half, 2026 results on Aug 26, 2026 Upcoming Dividend • Jun 10
Upcoming dividend of CN¥0.09 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (7.0%). In line with average of industry peers (4.3%). Declared Dividend • May 22
Dividend of CN¥0.09 announced Shareholders will receive a dividend of CN¥0.09. Ex-date: 17th June 2026 Payment date: 7th August 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.9%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.8% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range. Announcement • May 20
Guangshen Railway Company Limited, Annual General Meeting, Jun 10, 2026 Guangshen Railway Company Limited, Annual General Meeting, Jun 10, 2026, at 10:00 China Standard Time. Location: company`s meeting room, 3/floor, no. 1052 heping road, luohu district, shenzhen, guangdong province., China Announcement • Apr 30
Guangshen Railway Company Limited (SEHK:525) announces an Equity Buyback for CNY 100 million worth of its shares. Guangshen Railway Company Limited (SEHK:525) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at no more than CNY 4.62 per share. The purpose of the program is to be used for cancellation and reduction of the company's registered capital. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.20 (up from CN¥0.15 in FY 2024). Revenue: CN¥28.7b (up 5.9% from FY 2024). Net income: CN¥1.43b (up 35% from FY 2024). Profit margin: 5.0% (up from 3.9% in FY 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Guangshen Railway Company Limited to Report Q1, 2026 Results on Apr 30, 2026 Guangshen Railway Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Guangshen Railway Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Guangshen Railway Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Dec 04
Guangshen Railway Company Limited Announces Appointment of Non-Executive Directors Guangshen Railway Company Limited held an Extraordinary General Meeting on December 4, 2025, at which all resolutions set out in the EGM Notice were passed by poll. At the EGM, Ms. Zhong Ning and Mr. Li Danjiang were appointed as non-executive directors of the tenth session of the Board. The term of office of the appointed directors shall be the remaining term of the tenth session of the Board, which ends on the date of the 2025 annual general meeting of the Company. Ms. Su Lan and Ms. Gao Xiaomin, attorneys from Haiwen & Partners Shenzhen Office, witnessed the EGM and issued a legal opinion certifying that the procedures to call and convene the EGM, the qualifications of attendees and the voting process were in compliance with relevant laws, regulations and the Articles of Association and that the poll results of the EGM were lawful and valid. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.049 (vs CN¥0.042 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.049 (up from CN¥0.042 in 3Q 2024). Revenue: CN¥7.26b (up 2.2% from 3Q 2024). Net income: CN¥347.4m (up 17% from 3Q 2024). Profit margin: 4.8% (up from 4.2% in 3Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Guangshen Railway Company Limited to Report Q3, 2025 Results on Oct 30, 2025 Guangshen Railway Company Limited announced that they will report Q3, 2025 results at 12:30 PM, China Standard Time on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.091 (vs CN¥0.052 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.091 (up from CN¥0.052 in 2Q 2024). Revenue: CN¥7.07b (up 12% from 2Q 2024). Net income: CN¥640.7m (up 75% from 2Q 2024). Profit margin: 9.1% (up from 5.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.29, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 106% over the past three years. Announcement • Jun 30
Guangshen Railway Company Limited to Report First Half, 2025 Results on Aug 29, 2025 Guangshen Railway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 18
Guangshen Railway Company Limited Approves Final Ordinary Dividend for Year 2024, Payable on 15 August 2025 Guangshen Railway Company Limited approved final ordinary dividend of RMB 0.07 per share for Year 2024, will be distributed to the Shareholders whose names appear on the register of members of the H Shares (the "H Shareholders") on2 July 2025. The register of members of the Company will be closed from 27 June 2025 to 2 July 2025 (both days inclusive), during which period no transfer of Shares will be registered. For any H Shareholders to be qualified for the 2024 Final Dividend, all transfers, accompanied by the relevant share certificates, must be lodged with the Company's registrar for H Shares, Computershare Hong Kong Investor Services Limited, on 26 June 2025. The 2024 Final Dividend payable to the H Shareholders will be paid by the Receiving Agent and dispatched on 15 August 2025. Upcoming Dividend • Jun 18
Upcoming dividend of CN¥0.07 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (7.4%). In line with average of industry peers (4.5%). Declared Dividend • May 31
Dividend of CN¥0.07 announced Shareholders will receive a dividend of CN¥0.07. Ex-date: 25th June 2025 Payment date: 15th August 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.9%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 22% over the next year. However, it would need to fall by 44% to increase the payout ratio to a potentially unsustainable range. Announcement • May 26
Guangshen Railway Company Limited, Annual General Meeting, Jun 18, 2025 Guangshen Railway Company Limited, Annual General Meeting, Jun 18, 2025, at 10:00 China Standard Time. Location: meeting room, 3/f, no. 1052 heping road, luohu district, shenzhen, guangdong province, prc., China Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.066 (vs CN¥0.077 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.066 (down from CN¥0.077 in 1Q 2024). Revenue: CN¥6.90b (up 4.5% from 1Q 2024). Net income: CN¥468.2m (down 14% from 1Q 2024). Profit margin: 6.8% (down from 8.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 03
Consensus EPS estimates increase by 21%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥27.8b to CN¥26.5b. EPS estimate rose from CN¥0.115 to CN¥0.14. Net income forecast to shrink 12% next year vs 7.7% growth forecast for Transportation industry in Hong Kong . Consensus price target down from HK$2.59 to HK$2.33. Share price fell 9.2% to HK$1.78 over the past week. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in FY 2023) Full year 2024 results: EPS: CN¥0.15 (in line with FY 2023). Revenue: CN¥27.1b (up 3.4% from FY 2023). Net income: CN¥1.06b (flat on FY 2023). Profit margin: 3.9% (down from 4.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Guangshen Railway Company Limited to Report Q1, 2025 Results on Apr 30, 2025 Guangshen Railway Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 37% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.213 to CN¥0.134 per share. Revenue forecast steady at CN¥26.7b. Net income forecast to grow 5.7% next year vs 12% growth forecast for Transportation industry in Hong Kong. Consensus price target down from HK$2.95 to HK$2.59. Share price fell 2.0% to HK$1.94 over the past week. Announcement • Dec 27
Guangshen Railway Company Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Guangshen Railway Company Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.048 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.042 (down from CN¥0.048 in 3Q 2023). Revenue: CN¥7.11b (up 4.5% from 3Q 2023). Net income: CN¥296.9m (down 13% from 3Q 2023). Profit margin: 4.2% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$2.61, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.33 per share. Buy Or Sell Opportunity • Jul 26
Now 21% undervalued Over the last 90 days, the stock has risen 18% to HK$2.38. The fair value is estimated to be HK$3.00, 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 14% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Announcement • Jun 28
Guangshen Railway Company Limited to Report First Half, 2024 Results on Aug 29, 2024 Guangshen Railway Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 Upcoming Dividend • Jun 17
Upcoming dividend of CN¥0.07 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 16 August 2024. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.1%). Major Estimate Revision • May 07
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.166 to CN¥0.20. Revenue forecast unchanged at CN¥28.5b. Net income forecast to grow 4.5% next year vs 17% growth forecast for Transportation industry in Hong Kong. Consensus price target up from HK$2.72 to HK$2.84. Share price rose 2.8% to HK$2.19 over the past week. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.077 (vs CN¥0.057 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.077 (up from CN¥0.057 in 1Q 2023). Revenue: CN¥6.60b (up 7.4% from 1Q 2023). Net income: CN¥546.9m (up 35% from 1Q 2023). Profit margin: 8.3% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Guangshen Railway Company Limited, Annual General Meeting, Jun 18, 2024 Guangshen Railway Company Limited, Annual General Meeting, Jun 18, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Agenda: To consider work report of the board of directors of the Company for the year 2023 be and is hereby reviewed and approved; to consider work report of the supervisory committee of the Company for the year 2023 be and is hereby reviewed and approved; to consider the audited financial statements of the Company for the year 2023 be and are hereby reviewed and approved; to consider the appointment Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditor of the Company for the year 2024 and their remuneration be and is hereby review and approved; and to discuss other matters. Major Estimate Revision • Apr 05
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥27.5b to CN¥28.4b. EPS estimate fell from CN¥0.175 to CN¥0.148 per share. Net income forecast to grow 12% next year vs 17% growth forecast for Transportation industry in Hong Kong. Consensus price target broadly unchanged at HK$2.64. Share price was steady at HK$1.78 over the past week. Announcement • Mar 29
Guangshen Railway Company Limited to Report Q1, 2024 Results on Apr 30, 2024 Guangshen Railway Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.28 loss in FY 2022) Full year 2023 results: EPS: CN¥0.15 (up from CN¥0.28 loss in FY 2022). Revenue: CN¥26.2b (up 31% from FY 2022). Net income: CN¥1.06b (up CN¥3.05b from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 29
Guangshen Railway Company Limited Proposes Ordinary Final Dividend for the Year Ended 31 December 2023 Guangshen Railway Company Limited proposed Ordinary Final Dividend of RMB 0.07 per share for the Year Ended 31 December 2023. Announcement • Feb 06
Guangshen Railway Company Limited Announces Executive Changes Guangshen Railway Company Limited at is EGM held on February 6, 2024, appointed Mr. Wei Hao as an executive director of the company. Mr. Wu Yong has resigned as the Chairman of the tenth session of the Board, an executive Director, a member of the remuneration committee of the Company and a member of the nomination committee of the Company with effect from the conclusion of the EGM due to retirement. Mr. Wei Hao has been appointed as (i) the Chairman of the tenth session of the Board; and (ii) a member of each of the Remuneration Committee and the Nomination Committee. Please refer to the Circular for biographic details of Mr. Wei Hao and Mr. Luo Jinglun. The term of office of the appointed Directors shall be the remaining term of the tenth session of the Board, which ends on the date of the 2025 annual general meeting of the Company. Announcement • Jan 25
Guangshen Railway Company Limited Provides Preliminary Earnings Guidance for the Period from January 1, 2023 to December 31, 2023 Guangshen Railway Company Limited provided preliminary earnings guidance for the period from January 1, 2023 to December 31, 2023. For the period, the net profit attributable to shareholders of the listed company for the year 2023 is estimated to be approximately RMB 1.02 billion to RMB 1.12 billion, which will turn losses into profits compared to the same period last year (according to the disclosure data). It is expected that the net profit attributable to shareholders of the listed company after deducting the non-recurring gain or loss for the year 2023 is estimated to be approximately RMB 0.98 billion to RMB 1.08 billion. Announcement • Dec 30
Guangshen Railway Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024 Guangshen Railway Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Dec 22
Guangshen Railway Company Limited Announces Resignation of Mr. Xiang Lihua as Shareholder Representative Supervisor The board of directors of Guangshen Railway Company Limited announced that Mr. Xiang Lihua (Mr. Xiang) has tendered his resignation to the Company as a Shareholder Representative Supervisor of the Company with effect from 22 December 2023 due to change of work arrangements. Mr. Xiang has confirmed that there is no disagreement between him and the supervisory committee of the Company and the company, and there is no other matter relating to his resignation that has to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. Announcement • Nov 01
Guangshen Railway Company Limited Announces Resignation of Guo Jiming to the Board The board of directors of Guangshen Railway Company Limited hereby announced that Mr. Guo Jiming ("Mr. Guo") has submitted his resignation to the Board on 31 October 2023, resigning from his position as a non-executive director of the Company due to change of work arrangement. Upon his resignation, Mr. Guo will not hold any position with the Company. Pursuant to the provisions of the Company Law and the Articles of Association, the resignation of Mr. Guo shall take effect upon delivery to the Board of the Company. The resignation of Mr. Guo will not result in the Board of the Company falling below the quorum and will not affect the normal operation of the Board of the Company and the Company. The Company will follow the statutory procedures for the supplementary election of directors. Mr. Guo has confirmed that there is no disagreement between himself and the Board of the Company and there are no matters relating to his resignation as a non-executive director of the Company that need to be brought to the attention of the shareholders of the company. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.048 (vs CN¥0.032 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.048 (up from CN¥0.032 loss in 3Q 2022). Revenue: CN¥6.80b (up 18% from 3Q 2022). Net income: CN¥341.5m (up CN¥570.1m from 3Q 2022). Profit margin: 5.0% (up from net loss in 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Guangshen Railway Company Limited to Report Q3, 2023 Results on Oct 31, 2023 Guangshen Railway Company Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Jul 15
Guangshen Railway Company Limited Provides Earnings Guidance for the First Half from January 1, 2023 to June 30, 2023 Guangshen Railway Company Limited provided earnings guidance for the first half January 1, 2023 to June 30, 2023. For the period, the company expects net profit attributable to shareholders of the listed company is estimated to be approximately RMB 600 million to RMB 750 million in the first half of 2023, which will turn losses into profits compared to the same period last year (according to the disclosure data). It is expected that the net profit attributable to shareholders of the listed company after deducting the non-recurring gain or loss is estimated to be approximately RMB 590 million to RMB 740 million in the first half of 2023. Announcement • Jun 28
Guangshen Railway Company Limited to Report First Half, 2023 Results on Aug 30, 2023 Guangshen Railway Company Limited announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 08
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 9.4% 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. Reported Earnings • Apr 15
Full year 2022 earnings released: CN¥0.28 loss per share (vs CN¥0.14 loss in FY 2021) Full year 2022 results: CN¥0.28 loss per share (further deteriorated from CN¥0.14 loss in FY 2021). Revenue: CN¥19.9b (down 1.3% from FY 2021). Net loss: CN¥1.99b (loss widened 105% from FY 2021). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 09
Consensus EPS estimates upgraded to CN¥0.084 loss, revenue downgraded The consensus outlook for fiscal year 2022 has been updated. 2022 revenue forecast fell from CN¥19.8b to CN¥19.4b. 2022 losses expected to reduce from -CN¥0.117 to -CN¥0.084 per share. Transportation industry in Hong Kong expected to see average net income growth of 15% next year. Consensus price target up from HK$1.54 to HK$1.74. Share price was steady at HK$1.41 over the past week. Announcement • Jan 31
Guangshen Railway Company Limited Provides Earnings Guidance for the Year ended December 31, 2022 Guangshen Railway Company Limited provided earnings guidance for the Year ended December 31, 2022. For the period, the net loss attributable to shareholders of the listed company for the year 2022 is estimated to be approximately RMB 1.8 billion to RMB 2.2 billion, the net loss attributable to shareholders of the listed company after deducting the non-recurring gain or loss for the year 2022 is estimated to be approximately RMB 1.9 billion to RMB 2.3 billion. For the year 2021, the Company recorded a net loss attributable to shareholders of the listed company of RMB 973 million and a net loss attributable to shareholders of the listed company after deducting the non-recurring gain or loss of RMB 1,058 million. For the year 2021, the basic loss per share of the Company amounted to RMB 0.14. The estimated loss for the Period of the Company is mainly due to the impact of its main business. In 2022, the main business of passenger and cargo transportation of the Company was affected by the ongoing impact of the Covid-19 epidemic, resulting in a significant decrease in both passenger transportation volume and cargo transportation volume, which led to a loss in the annual operating results of the Company in 2022. In face of the Epidemic, the Company coordinated the prevention and control of the Epidemic with the safe production and operation. On the basis of the regular prevention and control of the Epidemic, the Company actively adjusted the organization of passenger and cargo transportation, strictly controlled costs and strengthened risk prevention and control to minimize the adverse impact of theEpidemic. Board Change • Nov 16
Less than half of directors are independent There are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Shareholder Representative Supervisor Shaohong Chen is the most experienced director on the board, commencing their role in 2008. Independent Non-Executive Director Frederick Ma 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. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.032 loss per share (vs CN¥0.037 loss in 3Q 2021) Third quarter 2022 results: CN¥0.032 loss per share (improved from CN¥0.037 loss in 3Q 2021). Revenue: CN¥5.75b (up 8.9% from 3Q 2021). Net loss: CN¥228.6m (loss narrowed 12% from 3Q 2021). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.052 loss per share (vs CN¥0.014 profit in 2Q 2021) Second quarter 2022 results: CN¥0.052 loss per share (down from CN¥0.014 profit in 2Q 2021). Revenue: CN¥4.49b (down 14% from 2Q 2021). Net loss: CN¥367.0m (down 476% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the Transportation 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 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: CN¥0.056 loss per share (down from CN¥0.013 loss in 1Q 2021). Revenue: CN¥5.00b (up 13% from 1Q 2021). Net loss: CN¥398.4m (loss widened 327% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 547%. Over the next year, revenue is forecast to grow 6.3%, compared to a 16% growth forecast for the 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 63 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Shareholder Representative Supervisor Shaohong Chen is the most experienced director on the board, commencing their role in 2008. Independent Non-Executive Director Frederick Ma 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. Reported Earnings • Apr 03
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: CN¥0.14 loss per share (down from CN¥0.079 loss in FY 2020). Revenue: CN¥20.2b (up 24% from FY 2020). Net loss: CN¥973.1m (loss widened 74% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 547%. Over the next year, revenue is forecast to grow 8.2%, compared to a 17% growth forecast for the 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 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥5.28b (up 29% from 3Q 2020). Net loss: CN¥259.6m (loss narrowed 48% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS CN¥0.014 (vs CN¥0.022 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥5.25b (up 42% from 2Q 2020). Net income: CN¥97.6m (up CN¥249.6m from 2Q 2020). Profit margin: 1.9% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Executive Departure • Jun 22
Chairman of the Supervisory Committee Mengshu Liu has left the company On the 17th of June, Mengshu Liu's tenure as Chairman of the Supervisory Committee ended. We don't have any record of a personal shareholding under Mengshu's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.17 years. Executive Departure • Jun 22
Deputy GM & Executive Director Xiangdong Guo has left the company On the 17th of June, Xiangdong Guo's tenure as Deputy GM & Executive Director ended. As of March 2021, Xiangdong still personally held only 80.00k shares (HK$132k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.17 years. Executive Departure • Jun 22
Non-Executive Director Bin Wang has left the company On the 17th of June, Bin Wang's tenure as Non-Executive Director ended after 1.0 years in the role. We don't have any record of a personal shareholding under Bin's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.17 years. Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.013 loss per share (vs CN¥0.065 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥4.41b (up 17% from 1Q 2020). Net loss: CN¥93.4m (loss narrowed 80% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: CN¥0.08 loss per share (vs CN¥0.11 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥16.3b (down 23% from FY 2019). Net loss: CN¥557.9m (down 175% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 22
New 90-day high: HK$1.57 The company is up 8.0% from its price of HK$1.45 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Transportation industry, which is also up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$0.74 per share.