Reported Earnings • Apr 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.14 loss per share (improved from CN¥0.30 loss in FY 2024). Revenue: CN¥5.63b (up 2.5% from FY 2024). Net loss: CN¥630.0m (loss narrowed 55% from FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.14 loss per share (improved from CN¥0.30 loss in FY 2024). Revenue: CN¥5.63b (up 2.5% from FY 2024). Net loss: CN¥630.0m (loss narrowed 55% from FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Beijing Capital International Airport Company Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Beijing Capital International Airport Company Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CN¥1.45b (up 1.8% from 3Q 2024). Net loss: CN¥74.8m (loss narrowed 10% from 3Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 30
Second quarter 2025 earnings released: CN¥0.008 loss per share (vs CN¥0.05 loss in 2Q 2024) Second quarter 2025 results: CN¥0.008 loss per share (improved from CN¥0.05 loss in 2Q 2024). Revenue: CN¥1.41b (up 4.2% from 2Q 2024). Net loss: CN¥38.9m (loss narrowed 83% from 2Q 2024). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 01
Now 20% undervalued Over the last 90 days, the stock has risen 3.2% to HK$2.91. The fair value is estimated to be HK$3.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 41%. Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥1.41b (up 4.2% from 2Q 2024). Net loss: CN¥38.9m (loss narrowed 83% from 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Beijing Capital International Airport Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Beijing Capital International Airport Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 06
Beijing Capital International Airport Company Limited, Annual General Meeting, Jun 27, 2025 Beijing Capital International Airport Company Limited, Annual General Meeting, Jun 27, 2025, at 10:00 China Standard Time. Location: conference room 112, t he office building of the company, no. 9 siwei road, capital airport, beijing China Reported Earnings • May 01
First quarter 2025 earnings released First quarter 2025 results: Revenue: CN¥1.34b (up 1.0% from 1Q 2024). Net loss: CN¥125.0m (loss narrowed 16% from 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.30 loss per share (improved from CN¥0.37 loss in FY 2023). Revenue: CN¥5.49b (up 21% from FY 2023). Net loss: CN¥1.39b (loss narrowed 18% from FY 2023). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 10
Beijing Capital International Airport Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Beijing Capital International Airport Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Feb 17
Beijing Capital International Airport Company Limited Announces Executive Changes The board of directors of Beijing Capital International Airport Company Limited announced that, since Mr. Han Zhiliang ("Mr. Han"), an executive director of the Company who is concurrently the general manager of the Company, has reached the retirement age, Mr. Han has resigned as the general manager of the Company with effect from the date of this announcement. Following his resignation as the general manager, Mr. Han will remain as an executive director of the Company and a member of each of the Nomination Committee and the Strategy and Sustainable Development (ESG) Committee of the Board. As approved by the Board, in accordance with relevant laws and regulations and the Company's Articles of Association, Mr. Deng Xianshan, as a deputy general manager of the Company, will temporarily perform all duties of the Company's general manager, effective from the date of this announcement. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥1.42b (up 15% from 3Q 2023). Net loss: CN¥83.4m (loss narrowed 72% from 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥1.35b (up 19% from 2Q 2023). Net loss: CN¥227.3m (loss narrowed 54% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 07
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CN¥0.037 to -CN¥0.044 per share. Revenue forecast unchanged at CN¥6.16b. Infrastructure industry in Hong Kong expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at HK$3.09. Share price fell 4.2% to HK$2.49 over the past week. Announcement • Aug 01
Beijing Capital International Airport Company Limited to Report First Half, 2024 Results on Aug 28, 2024 Beijing Capital International Airport Company Limited announced that they will report first half, 2024 results on Aug 28, 2024 Major Estimate Revision • Jun 27
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CN¥0.036 to -CN¥0.041 per share. Revenue forecast unchanged at CN¥6.17b. Infrastructure industry in Hong Kong expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at HK$3.05. Share price fell 4.4% to HK$2.58 over the past week. Announcement • May 03
Beijing Capital International Airport Company Limited, Annual General Meeting, May 23, 2024 Beijing Capital International Airport Company Limited, Annual General Meeting, May 23, 2024, at 15:00 China Standard Time. Location: Conference Room 112, the Office Building of the Company, No. 9 Siwei Road, Capital Airport, Beijing China Agenda: To consider and approve the report of the board of directors of the Company (the "Board") for the year ended 31 December 2023; to consider and approve the report of the supervisory committee of the Company for the year ended 31 December 2023; to consider and approve the audited financial statements of the Company and the independent auditor's report for the year ended 31 December 2023; to consider and approve the profit distribution proposal of the Company (i.e. no dividend being proposed) for the year ended 31 December 2023; to consider and approve the resolution in relation to the losses of the Company not made up amounting to one-third of the total paid-up share capital; and to consider other matters. Reported Earnings • May 01
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥1.33b (up 58% from 1Q 2023). Net loss: CN¥149.2m (loss narrowed 73% from 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.37 loss per share (improved from CN¥0.77 loss in FY 2022). Revenue: CN¥4.56b (up 104% from FY 2022). Net loss: CN¥1.70b (loss narrowed 52% from FY 2022). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Feb 02
Beijing Capital International Airport Company Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Beijing Capital International Airport Company Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Feb 01
Beijing Capital International Airport Company Limited Announces Resignation of Wang Weiyu as Deputy General Manager The board of directors of Beijing Capital International Airport Company Limited announced that, since Mr. Wang Weiyu ("Mr. Wang"), a deputy general manager of the Company, has reached the retirement age, Mr. Wang has resigned as a deputy general manager of the Company with effect from 1 February 2024. Announcement • Dec 28
Beijing Capital International Airport Company Limited Announces Executive Changes Beijing Capital International Airport Company Limited announced that Rreference is made to the announcement of Beijing Capital International Airport Company Limited dated 27 September 2023 in relation to the resignation of Mr. Meng Xianwei ("Mr. Meng") as the secretary to the board of directors (the "Board") of the Company and the appointment of Ms. Li Bo ("Ms. Li") as the secretary to the Board with effect from 27 September 2023. As a result of further adjustment of work allocation, Mr. Meng has tendered his resignation as the company secretary of the Company and has ceased to act as an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 28 December 2023. The Board hereby expresses its gratitude to Mr. Meng for his contribution during his term of office. The Board hereby announced that Ms. Li and Ms. Liu Jiong ("Ms. Liu") have been appointed as the joint company secretaries of the Company with effect from 28 December 2023 (the "Appointment Date"). Ms. Li has also been appointed as the Authorised Representative with effect from the Appointment Date. Ms. Li Bo, aged 45, is a senior economist and tenderer. Ms. Li graduated from Civil Aviation University of China (formerly known as Civil Aviation College of China) majoring in business administration, and holds a master's degree in business administration majoring in business administration of Guanghua School of Management of Peking University with ample experience in aspects such as business operation, international affairs, terminal management, procurement management and airport operation. Ms. Li started her career in August 2001 and successively served as an assistant of the Operation Management Department and an assistant for strategicplanning of the Planning & Development Department of the Company from August 2002 to June 2004. She served as a project manager of the Business Department in Civil Airport Management Limited from June 2004 to November 2007, during which she studied at Guanghua School of Management of Peking University and obtained a master's degree in business administration from September 2004 to July 2007. She was employed by Capital AirportsHoldings Limited (the "Parent Company"), which is the controlling shareholder of the Company, from November 2007 to August 2009 and served as a business manager for overseas market development in the Overseas Affairs Department of the Parent Company during the period from March 2008 to August 2009. She then worked as a deputy manager of the Operation Monitoring & Command Center/Operation Control Center of the Company from September 2009 to May 2012, and a deputy manager of the Technical Procurement Department of the Company from May 2012 to March 2014. She successively served as an assistant to the general manager and a deputy general manager of the Terminal Management Department of the Company from March 2014 to June 2015. From June 2015 to November 2016, she served as a general manager of the International Affairs Department of the Company and has been serving as the general manager of the Commercial Development Department of the Company since November 2016. Ms. Li has been appointed as secretary to the Board since 27 September 2023. Ms. Liu Jiong ("Ms. Liu") is a solicitor as defined in the Legal Practitioners Ordinance (Chapter 159 of the Laws of Hong Kong) and is currently an of counsel of corporate team of Eversheds Sutherland, a global multi-national law practice. Ms. Liu is a solicitor practising in Hong Kong, and has extensive experience in handling equity capital market and general corporate matters. In particular, she is proficient in advising clients on initial public offerings ("IPOs") in Hong Kong, post-IPO compliance issues and mergers and acquisitions. Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥1.24b (up 90% from 3Q 2022). Net loss: CN¥294.1m (loss narrowed 57% from 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
Beijing Capital International Airport Company Limited Announces Board Changes Beijing Capital International Airport Company Limited announces that Mr. Meng Xianwei ("Mr. Meng") has tendered his resignation as the Secretary to the Board of the Company (the "Secretary to the Board") due to job re-assignment with effect from 27 September 2023. Mr. Meng has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board hereby announces that Ms. Li Bo ("Ms. Li") has been appointed as the Secretary to the Board with effect from 27 September 2023. The biography of Ms. Li is set out as below: Ms. Li Bo, aged 44, is a senior economist and tenderer. Ms. Li graduated from Civil Aviation University of China majoring in business administration, and holds a master's degree in business administration majoring in business administration of Guanghua School of Management of Peking University with ample experience in aspects such as business operation, international affairs, terminal management, procurement management and airport operation. Ms. Li started her career in August 2001 and successively served as an assistant of the Operation Management Department and an assistant for strategic planning of the Planning & Development Department of the Company from August 2002 to June 2004. She served as a project manager of the Business Department in Civil Airport Management Limited from June 2004 to November 2007, during which she studied at Guanghua School of Management of Peking University and obtained a master's degree in business administration from September 2004 to July 2007. She was employed by Capital Airports Holdings Limited (the "Parent Company") from November 2007 to August 2009 and served as a business manager for overseas market development in the Overseas Affairs Department of the Parent Company during the period from March 2008 to August 2009, a deputy manager of the Operation Monitoring & Command Center/Operation Control Center of the Company from September 2009 to May 2012, and a deputy manager of the Technical Procurement Department of the Company from May 2012 to March 2014. She successively served as an assistant to the general manager and a deputy general manager of the Terminal Management Department of the Company from March 2014 to June 2015. From June 2015 to November 2016, she served as a general manager of the International Affairs Department of the Company and has been serving as the general manager of the Commercial Development Department of the Company since November 2016. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.11 loss per share (vs CN¥0.18 loss in 2Q 2022) Second quarter 2023 results: CN¥0.11 loss per share (improved from CN¥0.18 loss in 2Q 2022). Revenue: CN¥1.14b (up 158% from 2Q 2022). Net loss: CN¥490.3m (loss narrowed 41% from 2Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 19
Consensus estimates of losses per share improve by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥6.04b to CN¥6.12b. EPS estimate increased from -CN¥0.083 per share to -CN¥0.07 per share. Infrastructure industry in Hong Kong expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at HK$6.42. Share price was steady at HK$5.70 over the past week. Announcement • May 06
Beijing Capital International Airport Company Limited, Annual General Meeting, Jun 20, 2023 Beijing Capital International Airport Company Limited, Annual General Meeting, Jun 20, 2023, at 15:00 China Standard Time. Location: Conference Room, Room 112, the Office Building of the Company No. 9 Siwei Road, Capital Airpor Beijing Beijing Province China Agenda: To consider and approve the report of the Board of Directors of the Company (the "Board") for the year ended 31 December 2022; to consider and approve the report of the Supervisory Committee of the Company for the year ended 31 December 2022; to consider and approve the audited Financial Statements and the Independent Auditor's Report for the year ended 31 December 2022; to consider and approve the profit distribution proposal of the Company for the year ended 31 December 2022; to consider and approve the re-appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers, as the Company's PRC and international auditors, respectively, for the year ending 31 December 2023 and the granting of the authorization to the Board to determine their remuneration; and to consider and approve the profit distribution adjustment proposal of the Company. Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CN¥0.77 loss per share (further deteriorated from CN¥0.46 loss in FY 2021). Revenue: CN¥2.23b (down 33% from FY 2021). Net loss: CN¥3.53b (loss widened 67% from FY 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Infrastructure 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 88 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 7 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: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Huacheng Wang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥652.7m (down 31% from 3Q 2021). Net loss: CN¥677.6m (loss widened 51% from 3Q 2021). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Infrastructure industry in Hong Kong. Reported Earnings • Sep 01
Second quarter 2022 earnings released: CN¥0.18 loss per share (vs CN¥0.081 loss in 2Q 2021) Second quarter 2022 results: CN¥0.18 loss per share (down from CN¥0.081 loss in 2Q 2021). Revenue: CN¥442.7m (down 54% from 2Q 2021). Net loss: CN¥826.3m (loss widened 124% from 2Q 2021). Over the next year, revenue is forecast to grow 105%, compared to a 9.0% growth forecast for the Infrastructure 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 90 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -CN¥0.30 to -CN¥0.41 per share. Revenue forecast unchanged at CN¥4.40b. Infrastructure industry in Hong Kong expected to see average net income growth of 4.5% next year. Consensus price target broadly unchanged at HK$5.43. Share price fell 5.4% to HK$4.60 over the past week. Major Estimate Revision • May 21
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥4.90b to CN¥4.69b. Losses expected to increase from CN¥0.24 per share to CN¥0.27. Infrastructure industry in Hong Kong expected to see average net income growth of 7.5% next year. Consensus price target broadly unchanged at HK$5.18. Share price rose 4.6% to HK$4.31 over the past week. Major Estimate Revision • May 06
Consensus estimates of losses per share improve by 15% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥4.56b to CN¥4.75b. EPS estimate increased from -CN¥0.29 per share to -CN¥0.24 per share. Infrastructure industry in Hong Kong expected to see average net income growth of 10% next year. Consensus price target broadly unchanged at HK$5.31. Share price fell 5.3% to HK$4.10 over the past week. Major Estimate Revision • May 06
Consensus estimates of losses per share improve by 15% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥4.56b to CN¥4.75b. EPS estimate increased from -CN¥0.29 per share to -CN¥0.24 per share. Infrastructure industry in Hong Kong expected to see average net income growth of 10% next year. Consensus price target broadly unchanged at HK$5.31. Share price fell 5.3% to HK$4.10 over the past week. Reported Earnings • Apr 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.46 loss per share (down from CN¥0.44 loss in FY 2020). Revenue: CN¥3.34b (down 6.8% from FY 2020). Net loss: CN¥2.12b (loss widened 4.0% from FY 2020). Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 36%, compared to a 7.4% 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 92 percentage points per year, which is a significant difference in performance. 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, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Stanley Hui 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. Major Estimate Revision • Mar 24
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥3.81b to CN¥3.71b. Losses expected to increase from CN¥0.37 per share to CN¥0.46. Infrastructure industry in Hong Kong expected to see average net income growth of 3.0% next year. Consensus price target down from HK$5.68 to HK$5.42. Share price rose 3.0% to HK$4.41 over the past week. Reported Earnings • Nov 03
Third quarter 2021 earnings released The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥946.5m (up 7.4% from 3Q 2020). Net loss: CN¥448.6m (loss widened 29% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 31
Consensus EPS estimates increase to -CN¥0.17 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥5.20b to CN¥5.34b. EPS estimate increased from -CN¥0.20 to -CN¥0.17. Infrastructure industry in Hong Kong expected to see average net income growth of 8.4% next year. Consensus price target broadly unchanged at HK$6.58. Share price fell 7.5% to HK$4.46 over the past week. Executive Departure • Jul 06
Joint Company Secretary Chung Kwan Mok has left the company On the 28th of June, Chung Kwan Mok's tenure as Joint Company Secretary ended after 4.6 years in the role. We don't have any record of a personal shareholding under Chung Kwan's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years. Major Estimate Revision • May 07
Consensus EPS estimates fall to -CN¥0.14 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥5.85b to CN¥5.62b. Losses expected to increase from -CN¥0.11 to -CN¥0.14. Infrastructure industry in Hong Kong expected to see average net income growth of 9.1% next year. Consensus price target broadly unchanged at HK$6.89. Share price was steady at HK$5.73 over the past week. Reported Earnings • May 01
Full year 2020 earnings released: CN¥0.44 loss per share (vs CN¥0.55 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¥3.59b (down 67% from FY 2019). Net loss: CN¥2.03b (down 184% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 19
Consensus EPS estimates increase to -CN¥0.11 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥5.58b to CN¥5.74b. EPS estimate increased from -CN¥0.16 to -CN¥0.11. Infrastructure industry in Hong Kong expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at HK$6.79. Share price rose 2.0% to HK$6.11 over the past week. Reported Earnings • Mar 25
Full year 2020 earnings released: CN¥0.44 loss per share (vs CN¥0.55 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¥3.59b (down 67% from FY 2019). Net loss: CN¥2.03b (down 184% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% 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. Is New 90 Day High Low • Dec 08
New 90-day high: HK$6.52 The company is up 30% from its price of HK$5.02 on 09 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$5.06 per share. Is New 90 Day High Low • Nov 10
New 90-day high: HK$6.00 The company is up 8.0% from its price of HK$5.56 on 12 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$6.03 per share. 
