Tillkännagivande • Apr 24
Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 18, 2026 Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: No. 148, Zhijiang Road, Hangzhou, Zhejiang China Tillkännagivande • Mar 31
Songcheng Performance Development Co.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Songcheng Performance Development Co.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Tillkännagivande • Dec 31
Songcheng Performance Development Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Songcheng Performance Development Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Tillkännagivande • Dec 10
Songcheng Performance Development Co.,Ltd (SZSE:300144) announces an Equity Buyback for CNY 200 million worth of its shares. Songcheng Performance Development Co.,Ltd (SZSE:300144) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at no more than CNY 12 per share. The purpose of the program is to reduce the share capital by cancelling the repurchased shares. The program will be funded from company's own funds. The program is subject to approval from shareholders. The program will be valid for 12 months from the shareholders' approval. Tillkännagivande • Sep 30
Songcheng Performance Development Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Songcheng Performance Development Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Tillkännagivande • Jul 02
Songcheng Performance Development Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Songcheng Performance Development Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Tillkännagivande • May 22
Songcheng Performance Development Co.,Ltd Approves Cash Dividend for 2024 Songcheng Performance Development Co.,Ltd in its Annual General Meeting of 2024 held on 20 May 2025 approved Cash dividend/10 shares (tax included): CNY 2.00000000. Tillkännagivande • Apr 25
Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 20, 2025 Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Tillkännagivande • Mar 31
Songcheng Performance Development Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Songcheng Performance Development Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Tillkännagivande • Dec 31
Songcheng Performance Development Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Songcheng Performance Development Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.18 in 3Q 2023). Revenue: CN¥836.0m (down 4.7% from 3Q 2023). Net income: CN¥457.4m (down 5.5% from 3Q 2023). Profit margin: 55% (in line with 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Sep 30
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 Chinese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (190% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Tillkännagivande • Sep 30
Songcheng Performance Development Co.,Ltd to Report Q3, 2024 Results on Oct 25, 2024 Songcheng Performance Development Co.,Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.093 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.093 in 2Q 2023). Revenue: CN¥617.8m (up 22% from 2Q 2023). Net income: CN¥298.7m (up 23% from 2Q 2023). Profit margin: 48% (in line with 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 29
Songcheng Performance Development Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024 Songcheng Performance Development Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • Jun 19
Dividend increased to CN¥0.10 Dividend of CN¥0.10 is 100% higher than last year. Ex-date: 21st June 2024 Payment date: 21st June 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (321% earnings payout ratio). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 257% to bring the payout ratio under control. EPS is expected to grow by 231% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Buy Or Sell Opportunity • May 23
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at CN¥10.16. The fair value is estimated to be CN¥12.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 1,810% in the next 2 years. Tillkännagivande • Apr 28
Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 21, 2024 Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider reappointment of 2024 audit firm; to consider confirmation of 2023 remuneration for directors and determination of 2024 remuneration plan to consider confirmation of 2023 remuneration for supervisors and determination of 2024 remuneration plan; and to consider 2024 estimated continuing connected transactions. Tillkännagivande • Apr 27
Songcheng Performance Development Co.,Ltd Proposes Final Dividend for 2023 Songcheng Performance Development Co.,Ltd proposed final cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2023. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.096 (vs CN¥0.023 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.096 (up from CN¥0.023 in 1Q 2023). Revenue: CN¥559.6m (up 139% from 1Q 2023). Net income: CN¥251.7m (up 317% from 1Q 2023). Profit margin: 45% (up from 26% in 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 30
Songcheng Performance Development Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Songcheng Performance Development Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.36, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Hospitality industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.15 per share. Tillkännagivande • Dec 30
Songcheng Performance Development Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024 Songcheng Performance Development Co.,Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.04 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.04 in 3Q 2022). Revenue: CN¥877.2m (up 217% from 3Q 2022). Net income: CN¥484.3m (up 362% from 3Q 2022). Profit margin: 55% (up from 38% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 30
Songcheng Performance Development Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023 Songcheng Performance Development Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.093 (vs CN¥0.004 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.093 (up from CN¥0.004 in 2Q 2022). Revenue: CN¥506.1m (up CN¥479.7m from 2Q 2022). Net income: CN¥242.5m (up CN¥233.0m from 2Q 2022). Profit margin: 48% (up from 36% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 03
Songcheng Performance Development Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 09 June 2023 Songcheng Performance Development Co.,Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2022, payable on 09 June 2023. Record date is 08 June 2023. Ex-date is 09 June 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.023 (vs CN¥0.015 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.023 (up from CN¥0.015 loss in 1Q 2022). Revenue: CN¥234.4m (up 175% from 1Q 2022). Net income: CN¥60.3m (up CN¥98.9m from 1Q 2022). Profit margin: 26% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Mar 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Director Xiayun Song was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Director Xiayun Song was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.021 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.021 in 3Q 2021). Revenue: CN¥276.4m (down 1.7% from 3Q 2021). Net income: CN¥104.9m (up 94% from 3Q 2021). Profit margin: 38% (up from 19% in 3Q 2021). Revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Director Xiayun Song was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.094 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.004 (down from CN¥0.094 in 2Q 2021). Revenue: CN¥26.4m (down 94% from 2Q 2021). Net income: CN¥9.47m (down 96% from 2Q 2021). Profit margin: 36% (down from 57% in 2Q 2021). Over the next year, revenue is forecast to grow 243%, compared to a 31% growth forecast for the Hospitality industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Board Change • Jun 05
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Shuzhe Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Shuzhe Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.015 loss per share (vs CN¥0.051 profit in 1Q 2021) First quarter 2022 results: CN¥0.015 loss per share (down from CN¥0.051 profit in 1Q 2021). Revenue: CN¥85.3m (down 72% from 1Q 2021). Net loss: CN¥38.6m (down 129% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 65%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.036 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥281.1m (down 16% from 3Q 2020). Net income: CN¥54.2m (down 42% from 3Q 2020). Profit margin: 19% (down from 28% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.004 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¥428.1m (up 188% from 2Q 2020). Net income: CN¥245.9m (up CN¥256.1m from 2Q 2020). Profit margin: 57% (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 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 25
Full year 2020 earnings released: CN¥0.67 loss per share (vs CN¥0.51 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¥902.6m (down 65% from FY 2019). Net loss: CN¥1.75b (down 231% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 27
New 90-day high: CN¥20.15 The company is up 1.0% from its price of CN¥19.96 on 27 November 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Hospitality industry, which is also up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.71 per share. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥15.98 The company is down 4.0% from its price of CN¥16.64 on 15 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.29 per share. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥19.06 The company is up 8.0% from its price of CN¥17.61 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.16 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥203.5m, down 86% from the prior year. Total revenue was CN¥1.02b over the last 12 months, down 65% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 59% at CN¥335.6m. Revenue is forecast to grow 179% over the next year, compared to a 32% growth forecast for the Hospitality industry in China.