Board Change • May 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 not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yongjiu Gai 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. Insufficient board refreshment. Duyuru • Apr 16
Bros Eastern.,Ltd, Annual General Meeting, May 12, 2026 Bros Eastern.,Ltd, Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: 8F, No. 188, Yongjiang Avenue, Yinzhou District, Ningbo, Zhejiang China Duyuru • Mar 30
Bros Eastern.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Bros Eastern.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Duyuru • Dec 26
Bros Eastern.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026 Bros Eastern.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026 Duyuru • Sep 30
Bros Eastern.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Bros Eastern.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Duyuru • Jun 30
Bros Eastern.,Ltd to Report First Half, 2025 Results on Aug 15, 2025 Bros Eastern.,Ltd announced that they will report first half, 2025 results on Aug 15, 2025 Duyuru • Apr 16
Bros Eastern.,Ltd, Annual General Meeting, May 09, 2025 Bros Eastern.,Ltd, Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: 8F, No. 188, Yongjiang Avenue, Yinzhou District, Ningbo, Zhejiang China Duyuru • Mar 28
Bros Eastern.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Bros Eastern.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 27
Bros Eastern.,Ltd to Report Fiscal Year 2024 Results on Apr 16, 2025 Bros Eastern.,Ltd announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥2.09b (up 11% from 3Q 2023). Net income: CN¥179.9m (down 36% from 3Q 2023). Profit margin: 8.6% (down from 15% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Luxury industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.22 per share. Duyuru • Sep 30
Bros Eastern.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Bros Eastern.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12. Revenue: CN¥2.15b (up 24% from 2Q 2023). Net income: CN¥152.5m (down 19% from 2Q 2023). Profit margin: 7.1% (down from 11% in 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Duyuru • Jun 28
Bros Eastern.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Bros Eastern.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 01
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 40% lower than last year. Ex-date: 5th June 2024 Payment date: 5th June 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (46% cash payout ratio). The dividend has increased by an average of 11% 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 2.2% to bring the payout ratio under control. EPS is expected to grow by 97% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2023). Revenue: CN¥1.83b (up 24% from 1Q 2023). Net income: CN¥80.3m (down 4.5% from 1Q 2023). Profit margin: 4.4% (down from 5.7% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: CN¥0.34 (vs CN¥1.06 in FY 2022) Full year 2023 results: EPS: CN¥0.34 (down from CN¥1.06 in FY 2022). Revenue: CN¥6.91b (down 1.1% from FY 2022). Net income: CN¥504.0m (down 68% from FY 2022). Profit margin: 7.3% (down from 22% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 16
Bros Eastern.,Ltd, Annual General Meeting, May 10, 2024 Bros Eastern.,Ltd, Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Duyuru • Mar 29
Bros Eastern.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Bros Eastern.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Duyuru • Dec 30
Bros Eastern.,Ltd to Report Fiscal Year 2023 Results on Apr 16, 2024 Bros Eastern.,Ltd announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.17 in 3Q 2022). Revenue: CN¥1.87b (up 6.2% from 3Q 2022). Net income: CN¥279.8m (up 7.0% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 30
Bros Eastern.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Bros Eastern.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥1.73b (down 13% from 2Q 2022). Net income: CN¥189.0m (down 56% from 2Q 2022). Profit margin: 11% (down from 22% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 28
Bros Eastern.,Ltd to Report First Half, 2023 Results on Aug 18, 2023 Bros Eastern.,Ltd announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: CN¥1.08 (vs CN¥0.93 in FY 2021) Full year 2022 results: EPS: CN¥1.08 (up from CN¥0.93 in FY 2021). Revenue: CN¥6.99b (down 10% from FY 2021). Net income: CN¥1.60b (up 16% from FY 2021). Profit margin: 23% (up from 18% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.49 per share. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Luxury industry in China. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.30 per share. Board Change • Nov 16
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. 6 non-independent directors. Independent Director Jianming Xia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥1.76b (up 7.8% from 3Q 2021). Net income: CN¥261.6m (up 8.5% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.22 in 2Q 2021). Revenue: CN¥1.99b (down 2.8% from 2Q 2021). Net income: CN¥432.0m (up 32% from 2Q 2021). Profit margin: 22% (up from 16% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 22% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. 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 not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Qian Yabin was the last independent director to join the board, commencing their role in 2017. 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 • Mar 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.94 (up from CN¥0.25 in FY 2020). Revenue: CN¥7.68b (up 25% from FY 2020). Net income: CN¥1.38b (up 278% from FY 2020). Profit margin: 18% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 18%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.46, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.65 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.64b (up 5.7% from 3Q 2020). Net income: CN¥241.1m (up 464% from 3Q 2020). Profit margin: 15% (up from 2.8% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.71 per share. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.041 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.05b (up 61% from 2Q 2020). Net income: CN¥327.5m (up 404% from 2Q 2020). Profit margin: 16% (up from 5.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Luxury industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.20 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥6.13b (down 1.4% from FY 2019). Net income: CN¥378.7m (up 27% from FY 2019). Profit margin: 6.2% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥4.43 The company is up 1.0% from its price of CN¥4.38 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury 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¥18.66 per share. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥3.87 The company is down 5.0% from its price of CN¥4.06 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.65 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥180.3m, down 33% from the prior year. Total revenue was CN¥5.83b over the last 12 months, down 3.0% from the prior year. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 18% share price decline to CN¥4.06, the stock is trading at a trailing P/E ratio of 29x, down from the previous P/E ratio of 35.2x. This compares to an average P/E of 29x in the Luxury industry in China. Total return to shareholders over the past three years is a loss of 21%. Valuation Update With 7 Day Price Move • Oct 28
Market pulls back on stock over the past week After last week's 15% share price decline to CN¥4.44, the stock is trading at a trailing P/E ratio of 31.7x, down from the previous P/E ratio of 37.4x. This compares to an average P/E of 29x in the Luxury industry in China. Total return to shareholders over the past three years is a loss of 15%. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 22% share price gain to CN¥4.49, the stock is trading at a trailing P/E ratio of 32.1x, up from the previous P/E ratio of 26.3x. This compares to an average P/E of 29x in the Luxury industry in China. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Oct 14
New 90-day high: CN¥4.08 The company is up 15% from its price of CN¥3.56 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.26 per share.