Upcoming Dividend • Nov 04
Upcoming dividend of HK$0.039 per share Eligible shareholders must have bought the stock before 11 November 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$11.48, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 513% over the past three years. Announcement • Oct 17
A consortium led by Centurium Capital Partners 2018, L.P., Centurium Capital Partners II, L.P managed by Centurium Capital Management Ltd., Temasek Holdings (Private) Limited, True Light Fund I managed by True Light Capital Pte. Ltd. and proposed to acquire 75.68% stake in ANE (Cayman) Inc. (SEHK:9956). A consortium led by Centurium Capital Partners 2018, L.P., Centurium Capital Partners II, L.P managed by Centurium Capital Management Ltd., Temasek Holdings (Private) Limited, True Light Fund I managed by True Light Capital Pte. Ltd. and proposed to acquire 75.68% stake in ANE (Cayman) Inc. (SEHK:9956) on September 17, 2025. As at the date of this Announcement, Centurium Capital is interested in 285,989,754 ordinary shares of the Company (representing approximately 24.32% of the total number of issued Shares and Temasek and True Light do not hold any Shares. Board Change • Oct 17
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Cheung Fuk Hung 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. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$9.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 239% over the past three years. New Risk • Aug 21
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.0% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥3.04b (up 4.4% from 2Q 2024). Net income: CN¥194.2m (down 4.2% from 2Q 2024). Profit margin: 6.4% (down from 7.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 52% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
ANE (Cayman) Inc. to Report First Half, 2025 Results on Aug 19, 2025 ANE (Cayman) Inc. announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • May 29
ANE (Cayman) Inc., Annual General Meeting, Jun 19, 2025 ANE (Cayman) Inc., Annual General Meeting, Jun 19, 2025, at 10:00 China Standard Time. Location: caine room, level 7, conrad hong kong, pacific place, 88 queensway., Hong Kong Announcement • May 14
ANE (Cayman) Inc. to Report Q1, 2025 Results on May 26, 2025 ANE (Cayman) Inc. announced that they will report Q1, 2025 results on May 26, 2025 Reported Earnings • May 05
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.65 (up from CN¥0.34 in FY 2023). Revenue: CN¥11.6b (up 17% from FY 2023). Net income: CN¥749.7m (up 91% from FY 2023). Profit margin: 6.5% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 11
CEO, President & Executive Co-Chairman recently bought HK$2.1m worth of stock On the 7th of April, Xinghua Qin bought around 250k shares on-market at roughly HK$8.48 per share. This trade did not impact their existing holding. In the last 3 months, they made an even bigger purchase worth HK$6.4m. Xinghua has been a buyer over the last 12 months, purchasing a net total of HK$20m worth in shares. Recent Insider Transactions • Mar 27
CEO, President & Executive Co-Chairman recently bought HK$800k worth of stock On the 24th of March, Xinghua Qin bought around 100k shares on-market at roughly HK$8.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Xinghua's only on-market trade for the last 12 months. Reported Earnings • Mar 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.65 (up from CN¥0.34 in FY 2023). Revenue: CN¥11.6b (up 17% from FY 2023). Net income: CN¥749.7m (up 91% from FY 2023). Profit margin: 6.5% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 10% p.a. on average during the next 2 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 110% 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 • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$8.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Transportation industry in Asia. Total returns to shareholders of 92% over the past three years. Announcement • Mar 10
ANE (Cayman) Inc. to Report Fiscal Year 2024 Results on Mar 20, 2025 ANE (Cayman) Inc. announced that they will report fiscal year 2024 results on Mar 20, 2025 Reported Earnings • Nov 16
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥3.04b (up 13% from 3Q 2023). Net income: CN¥188.8m (up 62% from 3Q 2023). Profit margin: 6.2% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation industry in Asia. Announcement • Nov 04
ANE (Cayman) Inc. to Report Q3, 2024 Results on Nov 14, 2024 ANE (Cayman) Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$8.76, 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 43% over the past year. Reported Earnings • Sep 28
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥2.91b (up 17% from 2Q 2023). Net income: CN¥202.8m (up 76% from 2Q 2023). Profit margin: 7.0% (up from 4.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Asia. Announcement • Aug 05
ANE (Cayman) Inc. to Report First Half, 2024 Results on Aug 15, 2024 ANE (Cayman) Inc. announced that they will report first half, 2024 results on Aug 15, 2024 Announcement • May 26
ANE (Cayman) Inc., Annual General Meeting, Jun 19, 2024 ANE (Cayman) Inc., Annual General Meeting, Jun 19, 2024, at 14:00 China Standard Time. Location: 34th floor, elephant international center, xiaoshan district, hangzhou China Announcement • May 10
ANE (Cayman) Inc. to Report Q1, 2024 Results on May 21, 2024 ANE (Cayman) Inc. announced that they will report Q1, 2024 results on May 21, 2024 Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.34 (up from CN¥0.34 loss in FY 2022). Revenue: CN¥9.92b (up 6.2% from FY 2022). Net income: CN¥392.4m (up CN¥792.3m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Transportation industry in Asia. Major Estimate Revision • Apr 03
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.432 to CN¥0.486. Revenue forecast steady at CN¥11.3b. Net income forecast to grow 43% next year vs 17% growth forecast for Transportation industry in Hong Kong. Consensus price target up from HK$8.74 to HK$9.04. Share price rose 5.8% to HK$4.92 over the past week. Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.34 (up from CN¥0.35 loss in FY 2022). Revenue: CN¥9.92b (up 6.2% from FY 2022). Net income: CN¥392.4m (up CN¥800.8m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Transportation industry in Asia. Announcement • Mar 15
ANE (Cayman) Inc. to Report Fiscal Year 2023 Results on Mar 26, 2024 ANE (Cayman) Inc. announced that they will report fiscal year 2023 results on Mar 26, 2024 Announcement • Jan 18
ANE (Cayman) Inc. Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2023 ANE (Cayman) Inc. provided unaudited consolidated earnings guidance for the year ended December 31, 2023. For the period, the company expected that the Group will record a non-HKFRS profit of not less than RMB 500 million for the Period as compared to a non-HKFRS loss of approximately RMB 217.9 million for the year ended December 31, 2022. Announcement • Jan 09
ANE (Cayman) Inc. Announces Change of Chief Financial Officer The board of directors of ANE (Cayman) Inc. announced with effect from December 31, 2023, Mr. Lin Sam Disheng (‘Mr. Lin’) has resigned as Chief Financial Officer of the Company (the ‘Resignation’) in order to devote more time on his personal business ventures. Mr. Lin has confirmed that he has no disagreement with the Board and there is no matter relating to the Resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board further announced Mr. Xu Hao (‘ Mr. Xu ‘) has been appointed as Chief Financial Officer of the Company with effect from January 8, 2024. Mr. Xu, aged 41, has joined the Company since January 2024. Mr. Xu has over 18 years of experience in the corporate finance field. Prior to joining the Company, Mr. Xu worked at Shanghai Fosun High Technology (Group) Co., Limited (an affiliate of Fosun International Limited as the Chief Financial Officer of the Healthcare Consumer Group. Prior to that, Mr. Xu started his career as a management trainee of Unilever (China) in July 2005 and later served as financial director, vice president, head of operations and other high-level management positions in consumer and retail companies with leading logistics and supply chain capabilities, such as Yihaodian, Columbia Sportswear, and Hema. Mr. Xu obtained a bachelor's degree in economics from Fudan University in July 2005 and a master's degree in business administration from Shanghai Advanced Institute of Finance (SAIF) of Shanghai Jiao Tong University in July 2014. Announcement • Nov 21
ANE (Cayman) Inc. Announces Management Changes ANE (Cayman) Inc. announced with effect from November 20, 2023, Mr. Lam Man Kwong (" Mr. Lam ") resigned as independent non-executive Director, and ceased to be a member of the audit committee, nomination committee and environmental, social and governance committee of the Company and the chairman of remuneration committee of the Company (collectively, the "Resignations") to devote more time on his personal business ventures. The Board further announces Mr. Hung Cheung Fuk ("Mr. Hung") has been appointed as an independent non-executive Director with effect from November 20, 2023. Mr. Hung is primarily responsible for supervising and providing independent opinion and judgement to the Board. Mr. Hung, aged 51, joined the Company in November 2023. Mr. Hung has over 28 years of experience in the investment banking industry. He was co-head of Investment Banking and Capital Markets, Asia Pacific, and later served as vice chairman at Credit Suisse until January 2023. During his 25 years tenure at Credit Suisse, Mr. Hung has led various products and industry groups as well as in senior management roles, based in Hong Kong and Shanghai, providing strategic and financing solutions to corporates and shareholders. Mr. Hung began his investment banking career at BZW Asia Limited in 1995 and joined Credit Suisse First Boston in 1998. The Board further announces that, Mr. Hung has been appointed as a member of the audit committee, nomination committee and environmental, social and governance committee of the Company and the chairman of remuneration committee of the Company with effect from November 20, 2023. Reported Earnings • Oct 03
First half 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.15 loss in 1H 2022) First half 2023 results: EPS: CN¥0.14 (up from CN¥0.15 loss in 1H 2022). Revenue: CN¥4.55b (up 9.9% from 1H 2022). Net income: CN¥159.4m (up CN¥334.2m from 1H 2022). Profit margin: 3.5% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Transportation industry in Asia. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.15 loss in 1H 2022) First half 2023 results: EPS: CN¥0.14 (up from CN¥0.15 loss in 1H 2022). Revenue: CN¥4.55b (up 9.9% from 1H 2022). Net income: CN¥159.4m (up CN¥334.2m from 1H 2022). Profit margin: 3.5% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Transportation industry in Asia. Announcement • Aug 16
ANE (Cayman) Inc. to Report First Half, 2023 Results on Aug 30, 2023 ANE (Cayman) Inc. announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Aug 05
ANE (Cayman) Inc. Announces Executive Changes The board of directors of ANE (Cayman) Inc. announced with effect from August 4, 2023, Mr. Wang Jian resigned as the non-executive Director, and ceased to be a member of the strategy committee of the Company to devote more time on his personal business ventures. The Board further announces Mr. Zhang Yinghao has been appointed as a non-executive Director with effect from August 4, 2023. Mr. Zhang, aged 46, joined the Company in August 2023. Mr. Zhang has been working at Beijing Panmao Investment Management Co. Ltd. since January 2019. From August 2004 to January 2009, Mr. Zhang served as the managing director of China Life Insurance Co. Ltd. a company that specialises in asset management, where he last served as the division manager in the investment management department. From January 2009 to August 2011, Mr. Zhang served as the managing director of CITIC Private Equity Funds Management Co. Ltd. a company that specialises in asset management. Since November 2016, Mr. Zhang has served as the director of CIIC Guanaitong (Shanghai) Technology Co. Ltd. an employee benefit solutions provider listed on the National Equities Exchange and Quotations Co. Ltd. Mr. Zhang currently serves as the non- executive director of ManpowerGroup Greater China Limited a company listed on the Stock Exchange. Mr. Zhang obtained a bachelor's degree in science from Henan University in the PRC in July 1998. Mr. Zhang also obtained a master's degree in management from Lancaster Universityin the United Kingdom in November 2001 and a master's degree in finance from The University of Manchester in the United Kingdom in November 2002.The Board further announces that, Mr. Zhang has been appointed as a member of the Strategy Committee with effect from August 4, 2023. Announcement • Jul 01
ANE (Cayman) Inc. Appoints Sha Sha as an Independent Non-Executive Director and A Member of Audit Committee of the Board The board of directors of ANE (Cayman) Inc. announced Ms. Sha Sha ("Ms. Sha ") has been appointed as an independent non-executive Director and a member of audit committee of the Board with effect from June 30, 2023. Ms. Sha is primarily responsible for supervising and providing independent opinion and judgement to the Board. Ms. Sha, aged 50, joined the Company in June 2023. Ms. Sha joined McKinsey in 1996 and held a broad range of senior positions in McKinsey until her retirement in September 2022. During the 25 years with McKinsey, she was the founding leader of McKinsey Analytics in Greater China from 2014 to 2021, co-leader of McKinsey Digital Asia from 2017 to 2021 and she also served as the Council Member of McKinsey Global Institute from 2019 to 2022. Through her work with McKinsey Digital, she helped many leading companies accelerate their digital transformation and innovation. As the first Chinese female senior partner in McKinsey, Ms. Sha is deeply committed in driving the all-in, diversity and inclusion at workspace. Ms. Sha holds a Bachelor of Arts degree in International Economics from Peking University, and a Master of Business Administration degree from Harvard University. Announcement • May 29
ANE (Cayman) Inc., Annual General Meeting, Jun 19, 2023 ANE (Cayman) Inc., Annual General Meeting, Jun 19, 2023, at 11:00 China Standard Time. Location: 33rd Floor, Elephant International Center, Hangzhou China Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the directors (the "Directors") and auditor of the Company for the year ended December 31, 2022; to re-elect Mr. Jin Yun as an executive Director; to re-elect Mr. Wei Bin as a non-executive Director; to re-elect Mr. Wang Jian as a non-executive Director; to re-elect Mr. Lam Man Kwong as an independent non-executive Director; to re-elect Mr. Geh George Shalchu as an independent non-executive Director; to authorize the board of Directors (the "Board") to fix the respective Directors' remuneration; to re-appoint Ernst & Young as auditor of the Company and to authorize the Board to fix their remuneration; and to consider other matters. Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CN¥0.35 loss per share (improved from CN¥5.08 loss in FY 2021). Revenue: CN¥9.33b (down 3.2% from FY 2021). Net loss: CN¥408.4m (loss narrowed 80% from FY 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Transportation industry in Asia. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$5.36, the stock trades at a forward P/E ratio of 483x. Average forward P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 2.7% over the past year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to HK$5.67, the stock trades at a forward P/E ratio of 503x. Average forward P/E is 13x in the Transportation industry in Asia. Total loss to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$3.45 per share. Announcement • Jan 11
ANE (Cayman) Inc. Announces Management Changes The board (Board) of directors of ANE (Cayman) Inc. announced that with effect from January 9, 2023, Mr. Wang Yongjun (Mr. Wang) resigned as the chairman of the Board and the executive Director, and ceased to be the authorised representative of the Company (Authorised Representative) pursuant to Rule 3.05 of the Rules (Listing Rules) Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (Stock Exchange), the chairman of the nomination committee of the Company (Nomination Committee), a member of each of the environmental, social and governance committee (ESG Committee) and the strategy committee of the Company (Strategy Committee) (collectively, the "Resignations") due to work reallocation. Following the Resignations, Mr. Wang remains in the Company and acts as a senior consultant with effect from January 9, 2023. Mr. Wang has confirmed that he has no disagreement with the Board and there is no matter relating to the Resignations that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announced that, following the resignation of Mr. Wang, Mr. Qin Xinghua ("Mr. Qin"), an executive Director and the chief executive officer of the Company and Mr. Chen Weihao, a non-executive Director of the Company, have been appointed as the co-chairmen of the Board with effect from January 9, 2023. The Board further announced that, Mr. Qin has been appointed as the Authorised Representative with effect from January 9, 2023. The Board further announces that, Mr. Qin has been appointed as the chairman of the Nomination Committee and a member of the ESG Committee with effect from January 9, 2023. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$3.69, the stock trades at a forward P/E ratio of 338x. Average forward P/E is 14x in the Transportation industry in Asia. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$3.45 per share. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 18% share price gain to HK$2.68, the stock trades at a forward P/E ratio of 253x. Average forward P/E is 15x in the Transportation industry in Asia. Total loss to shareholders of 73% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$3.29 per share. Board Change • Nov 16
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, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Wilson Li was the last independent director to join the board, commencing their role in 2021. 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 • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to HK$2.25, the stock trades at a forward P/E ratio of 213x. Average forward P/E is 15x in the Transportation industry in Asia. Simply Wall St's valuation model estimates the intrinsic value at HK$3.17 per share. Buying Opportunity • Sep 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be HK$3.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to decline by 44% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 22% share price gain to HK$3.55, the stock trades at a forward P/E ratio of 324x. Average forward P/E is 16x in the Transportation industry in Asia. Simply Wall St's valuation model estimates the intrinsic value at HK$3.25 per share. Announcement • Sep 02
ANE (Cayman) Inc. Announces Executive Changes The board of directors of ANE (Cayman) Inc. announced that with effect from September 1, 2022, Mr. Zhu Jianhui (Mr. Zhu) resigned as an executive Director and chief operating officer of the company to devote more time on his personal business ventures. In addition, the Board resolves to engage Mr. Zhu as a consultant for his continuing advice to the Group for the period from September 10, 2022 to September 1, 2024 for quarterly consultancy fees of $250,000. The Board further announced that Mr. Jin Yun (Mr. Jin) has been appointed as an executive Director with effect from September 1, 2022. Mr. Jin is primarily responsible for the overall strategic planning and general management and execution of the business operations of Group. Mr. Jin, aged 47, joined the Group in February 2012 and has been working in a principal subsidiary of the Company, Anneng Juchuang Supply Chain Management (Shenzhen) Co. Ltd., since then, where he currently serves as the general manager. Prior to joining the Group, Mr. Jin worked at Guangzhou Feifan Aviation Passenger and Cargo Service Co. Ltd. from March 2000 to December 2011, where his last position was the marketing manager. Mr. Jin graduated from North China Institute of Aerospace Engineering with tertiary education qualification in accounting and auditing in June 1999. Mr. Jin did not hold any directorship in the last three years before the date of this announcement in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. Jin shall enter into a service contract with the Company for a term of three years from September 1, 2022, subject to retirement by rotation and re-election at the annual general meeting in accordance with the articles of association of the Company. The Board announced the establishment of a strategic committee and Mr. Chen Weihao, Mr. Wang Jian, Ms. Li Dan and Mr. Wang Yongjun and Mr. Qin Xinghua were appointed as initial members of the Strategy Committee with effect from September 1, 2022. Mr. Chen Weihao will serve as the chairman of the Strategy Committee. The main functions of the Strategy Committee are to, without limitation, review, formulate andapprove the Group's vision, goals, strategies and management policies, to identify, assess and manage material operational and industry risks, and update the assessment results to the Board on a regular basis, to advise the Board on material organization changes of the Group, and to monitormanagement performance and make management improvement suggestions. Mr. Zhu was an executive Director and the chief operating officer of the Company and served as directors of subsidiaries of the Company. He resigned from all positions within the Group with effect from September 1, 2022. Announcement • Aug 13
ANE (Cayman) Inc. to Report First Half, 2022 Results on Aug 25, 2022 ANE (Cayman) Inc. announced that they will report first half, 2022 results on Aug 25, 2022 Announcement • Aug 05
ANE (Cayman) Inc. Provides Earnings Guidance for the Six Months Ended June 30, 2022 ANE (Cayman) Inc. provided earnings guidance for the six months ended June 30, 2022. For the period, the group expects to record a non-HKFRS loss (as defined below) of not more than RMB 100 million for the 2022 Interim Period as compared to a non-HKFRS profit (as defined below) of approximately RMB 243 million for the six months ended June 30, 2021. Announcement • Jun 25
ANE (Cayman) Inc. Announces Company Secretary Change The board of directors of ANE (Cayman) Inc. announced that Mr. LONG Jianyao ("Mr. Long") has tendered his resignation as the joint company secretary of the Company (the "Joint Company Secretary") with effect from June 24, 2022. Mr. Long confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board further announces that due to the resignation of Ms. LO Ka Man ("Ms. Lo"), she has ceased to act as (i) a Joint Company Secretary of the Company, (ii) an authorised representative of the Company pursuant to Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities of the Stock Exchange (the "Authorised Representative"); and (iii) an agent for acceptance of service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from June 24, 2022. Ms. Lo confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announces that Ms. PUN Ka Ying ("Ms. Pun") has been appointed as the sole company secretary of the Company, the Authorised Representative and the sole Process Agent with effect from June 24, 2022. Ms. Pun possesses more than 14 years of experience in the company secretary profession. She is familiar with the Listing Rules, the Companies Ordinance as well as compliance work for offshore companies. She is now a Senior Manager of Corporate Services of Tricor Services Limited and has been providing corporate secretarial and compliance services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Pun is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Announcement • May 17
ANE (Cayman) Inc., Annual General Meeting, Jun 08, 2022 ANE (Cayman) Inc., Annual General Meeting, Jun 08, 2022, at 10:00 Singapore Standard Time. Location: Unit 1603-1604, 16/F, Causeway Bay Plaza I, 489 Hennessy Road, Causeway Bay, Hong Kong CausewayBay Hong Kong 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 31 December 2021; to re-elect Directors; to re-appoint Ernst & Young as auditor of the Company and to authorize the Board to fix their remuneration; to grant a general mandate to the Directors to allot, issue and deal with additional shares in the Company not exceeding 20% of the total number of issued shares of the Company as at the date of passing of this resolution; to approve the amendment and restatement of the nineteenth amended and restated memorandum and articles of association of the Company currently in effect by the deletion in their entirety and the substitution in their place of the twentieth amended and restated memorandum and articles of association as set out in the circular of the Company dated May 17, 2022; and to consider any other matters. Reported Earnings • May 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: CN¥5.08 loss per share (down from CN¥1.29 profit in FY 2020). Revenue: CN¥9.65b (up 36% from FY 2020). Net loss: CN¥2.01b (down CN¥2.23b from profit in FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 19%, compared to a 17% growth forecast for the industry in Hong Kong. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$4.58, the stock trades at a trailing P/E ratio of 19.7x. Average forward P/E is 14x in the Transportation industry in Hong Kong. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$5.79, the stock trades at a trailing P/E ratio of 25.2x. Average forward P/E is 14x in the Transportation industry in Hong Kong. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to HK$9.60, the stock trades at a trailing P/E ratio of 41.8x. Average forward P/E is 13x in the Transportation industry in Hong Kong.