Recent Insider Transactions • Jul 01
Chairman of the Board recently sold CN¥137m worth of stock On the 24th of June, Gerald G. Wong sold around 600k shares on-market at roughly CN¥228 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gerald G. has been a net seller over the last 12 months, reducing personal holdings by CN¥100m. Tillkännagivande • Jun 30
CIG Shanghai Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 CIG Shanghai Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Recent Insider Transactions • Jun 19
Chairman of the Board recently bought CN¥183m worth of stock On the 15th of June, Gerald G. Wong bought around 983k shares on-market at roughly CN¥187 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Gerald G. has been a buyer over the last 12 months, purchasing a net total of CN¥37m worth in shares. Tillkännagivande • Jun 05
CIG Shanghai Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.975896 billion. CIG Shanghai Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.975896 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 15,600,000
Price\Range: HKD 126.66
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jun 04
Chairman of the Board recently sold CN¥114m worth of stock On the 29th of May, Gerald G. Wong sold around 700k shares on-market at roughly CN¥163 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gerald G.'s only on-market trade for the last 12 months. Tillkännagivande • May 30
CIG Shanghai Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.975896 billion. CIG Shanghai Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.975896 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 15,600,000
Price\Range: HKD 126.66
Transaction Features: Subsequent Direct Listing Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Shuk Yee Yuen was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 03
CIG Shanghai Co., Ltd., Annual General Meeting, Apr 28, 2026 CIG Shanghai Co., Ltd., Annual General Meeting, Apr 28, 2026, at 13:30 China Standard Time. Location: Building A, No. 800, Puxing Highway, Minhang District, Shanghai China Tillkännagivande • Mar 30
CIG Shanghai Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 CIG Shanghai Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Tillkännagivande • Dec 26
CIG Shanghai Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 CIG Shanghai Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Tillkännagivande • Oct 21
CIG Shanghai Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 4.615683 billion. CIG Shanghai Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 4.615683 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 6,701,050
Price(maximum): HKD 68.88
Discount Per Security: HKD 0.6888
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 27,546,700
Price(maximum): HKD 68.88
Discount Per Security: HKD 0.6888
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 32,762,750
Price(maximum): HKD 68.88
Discount Per Security: HKD 0.6888
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Tillkännagivande • Sep 30
CIG Shanghai Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 CIG Shanghai Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Tillkännagivande • Jun 30
CIG Shanghai Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 CIG Shanghai Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Tillkännagivande • Apr 08
CIG ShangHai Co., Ltd., Annual General Meeting, Apr 28, 2025 CIG ShangHai Co., Ltd., Annual General Meeting, Apr 28, 2025, at 13:30 China Standard Time. Location: Building A, No. 800, Puxing Highway, Minhang District, Shanghai China Tillkännagivande • Mar 28
CIG ShangHai Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 CIG ShangHai Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Tillkännagivande • Dec 27
CIG ShangHai Co., Ltd. to Report Fiscal Year 2024 Results on Apr 08, 2025 CIG ShangHai Co., Ltd. announced that they will report fiscal year 2024 results on Apr 08, 2025 New Risk • Nov 15
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 10% 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 Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). New Risk • Oct 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Reported Earnings • Oct 19
Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.13 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.13 loss in 3Q 2023). Revenue: CN¥1.00b (up 70% from 3Q 2023). Net income: CN¥71.7m (up CN¥107.4m from 3Q 2023). Profit margin: 7.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Buy Or Sell Opportunity • Sep 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 5.2% to CN¥34.16. The fair value is estimated to be CN¥27.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. Tillkännagivande • Sep 30
CIG ShangHai Co., Ltd. to Report Q3, 2024 Results on Oct 19, 2024 CIG ShangHai Co., Ltd. announced that they will report Q3, 2024 results on Oct 19, 2024 New Risk • Sep 10
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 6.8% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.32 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.32 in 2Q 2023). Revenue: CN¥912.9m (up 37% from 2Q 2023). Net income: CN¥54.0m (down 36% from 2Q 2023). Profit margin: 5.9% (down from 13% in 2Q 2023). Tillkännagivande • Jun 28
CIG ShangHai Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024 CIG ShangHai Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.27 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.27 in 1Q 2023). Revenue: CN¥849.5m (down 21% from 1Q 2023). Net income: CN¥26.0m (down 64% from 1Q 2023). Profit margin: 3.1% (down from 6.7% in 1Q 2023). Tillkännagivande • Mar 30
CIG ShangHai Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 CIG ShangHai Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Tillkännagivande • Mar 19
CIG ShangHai Co., Ltd., Annual General Meeting, Apr 08, 2024 CIG ShangHai Co., Ltd., Annual General Meeting, Apr 08, 2024, at 14:00 China Standard Time. Location: Building A, No. 800, Puxing Highway, Minhang District, Shanghai China Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.67 in FY 2022) Full year 2023 results: EPS: CN¥0.36 (down from CN¥0.67 in FY 2022). Revenue: CN¥3.09b (down 19% from FY 2022). Net income: CN¥95.0m (down 45% from FY 2022). Profit margin: 3.1% (down from 4.5% in FY 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥41.25, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 35x in the Communications industry in China. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥38.08, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 44x in the Communications industry in China. Tillkännagivande • Dec 29
CIG ShangHai Co., Ltd. to Report Fiscal Year 2023 Results on Mar 15, 2024 CIG ShangHai Co., Ltd. announced that they will report fiscal year 2023 results on Mar 15, 2024 Reported Earnings • Oct 20
Third quarter 2023 earnings released: CN¥0.13 loss per share (vs CN¥0.64 profit in 3Q 2022) Third quarter 2023 results: CN¥0.13 loss per share (down from CN¥0.64 profit in 3Q 2022). Revenue: CN¥590.7m (down 58% from 3Q 2022). Net loss: CN¥35.6m (down 122% from profit in 3Q 2022). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥42.88, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 54x in the Communications industry in China. Tillkännagivande • Sep 30
CIG ShangHai Co., Ltd. to Report Q3, 2023 Results on Oct 20, 2023 CIG ShangHai Co., Ltd. announced that they will report Q3, 2023 results on Oct 20, 2023 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥52.91, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 52x in the Communications industry in China. Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.078 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.078 in 2Q 2022). Revenue: CN¥665.5m (down 31% from 2Q 2022). Net income: CN¥84.5m (up 321% from 2Q 2022). Profit margin: 13% (up from 2.1% in 2Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥53.69, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 52x in the Communications industry in China. Board Change • Jun 20
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. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Guisen Qin 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. Insufficient board refreshment. 
