Announcement • May 29
China Qidian Guofeng Holdings Limited, Annual General Meeting, Jun 22, 2026 China Qidian Guofeng Holdings Limited, Annual General Meeting, Jun 22, 2026, at 10:00 China Standard Time. Location: conference room, room 3602, jingxing sea building, no. 3125, linhai avenue, nanshan street, qianhai shenzhen-hongkong cooperation zone, shenzhen., China Reported Earnings • Apr 04
Full year 2025 earnings released: CN¥0.23 loss per share (vs CN¥2.52 loss in FY 2024) Full year 2025 results: CN¥0.23 loss per share (improved from CN¥2.52 loss in FY 2024). Revenue: CN¥356.6m (down 19% from FY 2024). Net loss: CN¥418.4m (loss narrowed 81% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Mar 13
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 Hong Kong stocks, typically moving 11% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥27m free cash flow). Earnings have declined by 77% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Mar 09
China Qidian Guofeng Holdings Limited to Report Fiscal Year 2025 Results on Mar 23, 2026 China Qidian Guofeng Holdings Limited announced that they will report fiscal year 2025 results on Mar 23, 2026 Reported Earnings • Sep 01
First half 2025 earnings released: CN¥0.011 loss per share (vs CN¥0.088 loss in 1H 2024) First half 2025 results: CN¥0.011 loss per share (improved from CN¥0.088 loss in 1H 2024). Revenue: CN¥181.9m (up 4.9% from 1H 2024). Net loss: CN¥19.3m (loss narrowed 41% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
China Qidian Guofeng Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 China Qidian Guofeng Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 17
China Qidian Guofeng Holdings Limited, Annual General Meeting, May 12, 2025 China Qidian Guofeng Holdings Limited, Annual General Meeting, May 12, 2025, at 10:00 China Standard Time. Location: conference room, room 3602, jingxing sea building, no. 3125, linhai avenue, nanshan street, qianhai shenzhen-hongkong cooperation zone, shenzhen China New Risk • Mar 31
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 Hong Kong stocks, typically moving 12% 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: Major Risks Earnings have declined by 64% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥2.52 loss per share (vs CN¥0.26 profit in FY 2023) Full year 2024 results: CN¥2.52 loss per share (down from CN¥0.26 profit in FY 2023). Revenue: CN¥442.0m (up 38% from FY 2023). Net loss: CN¥2.22b (down CN¥2.28b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
China Qidian Guofeng Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 28, 2025 China Qidian Guofeng Holdings Limited announced that they will report fiscal year 2024 final results on Mar 28, 2025 Announcement • Feb 12
China Qidian Guofeng Holdings Limited Announces Change of Company Secretary The board of directors of China Qidian Guofeng Holdings Limited announced that Ms. Wong Yuen Ki ("Ms. Wong") has tendered her resignation as the company secretary of the Company (the "Company Secretary") and ceased to act as an authorised representative of the Company with effect from 12 February 2025. Ms. Wong has confirmed that she has no disagreement with the Board and there is no matter in relation to her resignation that should be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board announced that Ms. Mu Weiwei ("Ms. Mu") has been appointed as the Company Secretary and the Authorised Representative with effect from 12 February 2025. Ms. Mu, aged 43, has more than 15 years of experience in corporate secretarial matters and investor relationship management. Ms. Mu joined the Company as the secretary of the Board in November 2019. Prior to joining the Group, from December 2007 to December 2010, Ms. Mu served as the head of investor relations of GOME Retail Holdings Limited, where she was responsible for investor relationship management. From December 2010 to July 2016, she served as project manager of Beijing Branch of Shenzhen Jiufu Investment Advisor Co. Ltd., where she was responsible for investor relationship management. From August 2016 to December 2018, she served as the securities affairs representative of A Metaverse Company, where she was responsible for secretarial works. Ms. Mu obtained a bachelor's degree in literature from Hebei Normal University in June 2004 and a master's degree in finance from the University of International Business and Economics in the PRC in January 2015. Ms. Mu is a Chartered Secretary, a Chartered Governance Professional and a fellow of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute. New Risk • Jan 19
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 Hong Kong stocks, typically moving 9.7% 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: Major Risks Negative equity (-CN¥258m). Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Buy Or Sell Opportunity • Aug 30
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to HK$1.37. The fair value is estimated to be HK$1.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 48%. Reported Earnings • Aug 29
First half 2024 earnings released: CN¥0.088 loss per share (vs CN¥0.40 profit in 1H 2023) First half 2024 results: CN¥0.088 loss per share (down from CN¥0.40 profit in 1H 2023). Revenue: CN¥173.3m (up 23% from 1H 2023). Net loss: CN¥32.6m (down 138% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to HK$1.36, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 7x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 33% over the past three years. Announcement • Aug 15
China Qidian Guofeng Holdings Limited to Report First Half, 2024 Results on Aug 26, 2024 China Qidian Guofeng Holdings Limited announced that they will report first half, 2024 results on Aug 26, 2024 Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 122% After last week's 122% share price gain to HK$1.10, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 8x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 12% over the past three years. New Risk • Jul 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-CN¥416m). Shareholders have been substantially diluted in the past year (262% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$499.7m market cap, or US$64.0m). Announcement • Jun 06
China Qidian Guofeng Holdings Limited, Annual General Meeting, Jun 26, 2024 China Qidian Guofeng Holdings Limited, Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: conference room, 11th floor, block 1, wangjing chengying centre, laiguangying west road, chaoyang district, beijing, China Announcement • May 29
China Qidian Guofeng Holdings Limited Announces CEO Changes China Qidian Guofeng Holdings Limited announced that Mr. Sun Yue has been appointed as CEO with effect from 27 May 2024. Mr. Sun, aged 56, has over 30 years of management experience in the Chinese baijiu and beer industry. Mr. Sun, has been the chairman of the board of directors of Sishijiufang Liquor Co. Ltd. since November 2021. Prior to that, from October 2009 to September 2021, Mr. Sun held various positions in Luzhou Laojiao Group Co. Ltd. and its subsidiary Laojiao Co. Ltd. From October 2009 to June 2010 and from June 2010 to June 2015, Mr. Sun served as a deputy general manager and special assistant of the general manger of Laojiao Co, respectively. From June 2015 to December 2015, he served as a vice president of Laojiao Group. Mr. Sun served as a vice chairman and president of Laojiao Group from December 2015 to September 2021. Before joining Luzhou Laojiao, Mr. Sun served as various roles in Tsingtao Brewery Company Limited and its subsidiaries from July 1993 to October 2009. During his employment with Qingdao Brewery and its subsidiaries, his last positions were the chairman and general manager of Tsingtao Brewery (Chengdu) Co. Ltd. and Tsingtao Brewery. Mr. Sun graduated from Qingdao University of Science and Technology with a bachelor's degree in engineering in July 1993 and obtained a doctoral degree in business administration from Southwestern University of Finance and Economics in July 2008. With the appointment of Mr. Sun, Mr. Yuan Li will cease to be the Interim CEO of the Company on 27 May 2024. New Risk • May 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 262% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Negative equity (-CN¥416m). Shareholders have been substantially diluted in the past year (262% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$594.9m market cap, or US$76.1m). Announcement • May 26
China Qidian Guofeng Holdings Limited announced that it has received HKD 185.5 million in funding On May 24, 2024, China Qidian Guofeng Holdings Limited closed the transaction. New Risk • Apr 14
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$3.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-CN¥416m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$3.8m sold). Market cap is less than US$100m (HK$128.9m market cap, or US$16.5m). Announcement • Mar 19
China Qidian Guofeng Holdings Limited announced that it expects to receive HKD 185.5 million in funding China Qidian Guofeng Holdings Limited announced a private placement to issue 530,000,000 subscription shares at an issue price of KKD 0.35 per share for the gross proceeds of HKD 185,500,000 on March 17, 2024. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.62 loss in FY 2022) Full year 2023 results: EPS: CN¥0.26 (up from CN¥0.62 loss in FY 2022). Revenue: CN¥319.8m (up 22% from FY 2022). Net income: CN¥55.9m (up CN¥192.6m from FY 2022). Profit margin: 18% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Mar 07
China Qidian Guofeng Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 16, 2024 China Qidian Guofeng Holdings Limited announced that they will report fiscal year 2023 final results on Mar 16, 2024 Announcement • Feb 15
China Qidian Guofeng Holdings Limited Announces Removal of Ms. Xu Honghong as the Non-Executive Director China Qidian Guofeng Holdings Limited announced the removal of Ms. Xu Honghong ("Ms. Xu") as the non-executive Director of the Company. Ms. Xu expressed her disagreement with the Board in relation to the Removal and alleged that the Removal was actually due to her disapproval of the Subscription. While the Board respects and values the importance of independent judgment and diverse opinions from the Directors, the Board reiterates that the allegations made by Ms. Xu were unfounded and unsubstantiated. Ms. Xu was removed from the Board mainly due to the reason that during her term as a non-executive Director Ms. Xu repeatedly failed to review the relevant documents before various Board meetings, exhibited the lack of knowledge over the issues to be discussed at such Board meetings and constantly neglected the relevant documents sent to her work email which resulted in unnecessary delays for the work and process of the Board. The Board meeting to discuss the Subscription was no exception. During the Board meeting in relation to the Subscription, Ms. Xu claimed that she was not aware of the proposal concerning the Subscription and requested a deferral of her vote until after the Board meeting, although the notice and relevant documents had been circulated to her work email in accordance with the Articles of Association. Her vote against the Subscription was made after the formal proceedings of the Board meeting had concluded. Based on the foregoing, the Board is of the view that Ms. Xu failed to fulfil her duties as a Director and the Removal is in the best interests of the Company and its shareholders as a whole. New Risk • Jan 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Negative equity (-CN¥384m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$215.8m market cap, or US$27.6m). Announcement • Jan 22
China Qidian Guofeng Holdings Limited Announces Board Changes The board of directors of China Qidian Guofeng Holdings Limited announced that Mr. Gu Changchao has been appointed as a non-executive Director of the Company with effect from 21 January 2024. The biographical details of Mr. Gu are set out as follows: Mr. Gu, aged 49, is currently the secretary-general of Global Leadership Program at Tsinghua University. Mr. Gu has over 15 years of teaching, consulting, and management experience in the fields of operations and global supply chain management, strategic innovation and business transformation, green development, and international cooperation. He has been appointed as a distinguished expert in leadership and operations management at the New York Finance Institute since July 2022. He served as a system engineer at Motorola Solutions (China) Co. Ltd. from 1996 to 1998 and the marketing director of Dell Computer (China) Co. Ltd. from 1998 to 2001. From 2005 to 2006, he served as the director of strategic alliance at Amazon China. Mr. Gu has also served as vice dean of HR Committee at China’s Academy of Management since October 2010. From September 2014 to August 2015, Mr. Gu served as a Senior Visiting Scholar at the Kennedy School of Government, Harvard University. He is also a board member of the Tsinghua University Alumni Association in Germany. Mr. Gu obtained an MBA degree in operations management from Tsinghua University School of Economics and Management in July 2004. The Board resolved on 21 January 2024 to remove Ms. Xu Honghong as the non-executive Director of the Company. Announcement • Jan 16
China Qidian Guofeng Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 30.260604 million. China Qidian Guofeng Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 30.260604 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 43,855,948
Price\Range: HKD 0.69 Board Change • Dec 11
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 Yihua Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 13
Zhuang Liangbao, Yuan Yang, Dong Xiujuan, Xu Xinying, Sun Lejiu and others cancelled the acquisition of Qidian International Co., Ltd. (SEHK:1280) in a reverse manger transaction. Zhuang Liangbao, Yuan Yang, Dong Xiujuan, Xu Xinying, Sun Lejiu and others agreed to acquire Qidian International Co., Ltd. (SEHK:1280) in a reverse manger transaction HKD 120 million on August 23, 2022. Others include, Zhuang Liangbao, Yuan Yang, Dong Xiujuan, Xu Xinying, Sun Lejiu, Liu Liying, Yuan Li, Wang Yue, Beijing Heimazhidi , Beijing Guangsuduoer, Beijing Dixingjingliu, Beijing Houyishengrong and Liu Shixiu. (Offeror) Under the terms, consideration amount will be settles through allotment of shares. Transaction is suject to approval from shareholders of Qidian International, due diligence. Guosen Securities (Hong Kong) Capital Company Limited acted as financial advisor to the offeror and Gram Capital Limited acted as financial adviser appointed by the Qidian International Co to advise the Independent BoardCommittee and the Independent Shareholders.Zhuang Liangbao, Yuan Yang, Dong Xiujuan, Xu Xinying, Sun Lejiu and others cancelled the acquisition of Qidian International Co., Ltd. (SEHK:1280) in a reverse manger transaction on September 11, 2023. Board Change • Sep 05
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 Yihua Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 04
First half 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.14 loss in 1H 2022) First half 2023 results: EPS: CN¥0.40 (up from CN¥0.14 loss in 1H 2022). Revenue: CN¥140.7m (up 9.6% from 1H 2022). Net income: CN¥86.6m (up CN¥118.4m from 1H 2022). Profit margin: 62% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 29
Qidian International Co., Ltd. Announces Appointment of Zhuang Liangbao as Executive Director The board of directors of Qidian International Co., Ltd. announced that Mr. Zhuang Liangbao has been appointed as an executive Director of the Company with effect from 28 August 2023. Mr. Zhuang, aged 61, is currently the executive director and chief financial officer of Shenzhen Qidian Education Technology Co., Ltd. Prior to joining the Group, Mr. Zhuang served as a secretary to the board, a deputy general manager and a director of Beijing Shengshang Entrepreneurial Technology Co., Ltd. from November 2020 to July 2023. He held the positions as a deputy general manager and a director of Suzhou Gold Mantis Construction Decoration Co., Ltd. from April 2004 to April 2013. From December 2000 to September 2003, Mr. Zhuang worked as the board secretary, head of finance department and deputy general manager at Zhejiang Huahai Pharmaceutical Co., Ltd. From October 1995 to December 2000, he served as the finance manager and finance director at Suzhou New District Hi-Tech Industrial Co., Ltd. Mr. Zhuang was the director of Suzhou Jinchi Commercial Development Co., Ltd., which was established in the PRC and was deregistered on 14 December 2010. Mr. Zhuang received a master’s degree in Regional Economics at East China Normal University in July 2001. Mr. Zhuang has been a certified public accountant in the People’s Republic of China (the “PRC”) since October 1994 and has held the title of a senior economist since October 2010. Announcement • Aug 22
Qidian International Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023 Qidian International Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023 New Risk • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥32m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-CN¥471m). Minor Risk Market cap is less than US$100m (HK$212.7m market cap, or US$27.1m). Announcement • May 23
Qidian International Co., Ltd., Annual General Meeting, Jun 15, 2023 Qidian International Co., Ltd., Annual General Meeting, Jun 15, 2023, at 10:30 China Standard Time. Location: Conference Room, 11th Floor, Block 1, Wangjing Chengying Centre Laiguangying West Road, Chaoyang District, Beijing Beijing China Agenda: to receive and consider the audited financial statements and the reports of the Company for the year ended 31 December 2022; to re-elect directors of the Company: to authorise the board of directors of the Company to fix the remuneration of directors of the Company; to re-appoint Elite Partners CPA Limited as the auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; and to consider any other matter if any. Reported Earnings • Mar 18
Full year 2022 earnings released: CN¥0.62 loss per share (vs CN¥0.29 loss in FY 2021) Full year 2022 results: CN¥0.62 loss per share (further deteriorated from CN¥0.29 loss in FY 2021). Revenue: CN¥262.3m (down 13% from FY 2021). Net loss: CN¥136.8m (loss widened 128% from FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Feb 18
Qidian International Co., Ltd. to Report Fiscal Year 2022 Results on Feb 28, 2023 Qidian International Co., Ltd. announced that they will report fiscal year 2022 results on Feb 28, 2023 Announcement • Aug 24
Qidian International Co., Ltd. Announces Board Changes Qidian International Co., Ltd. has applied to the Executive for its consent to the resignation of Mr. Zhao Jinyong pursuant to Note 2 to Rule 7 of the Takeovers Code with effect from the date of this joint announcement and the Executive has granted the consent. Mr. Zhao Jinyong () has resigned as independent non-executive Director with effect from the date of this joint announcement. Mr. Zhao Jinyong has confirmed to the Company that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to bebrought to the attention of the shareholders of the Company. The Board announced that with effect from the date of this joint announcement, Mr. Zhang Yihua has been appointed as an independent non-executive Director, the chairman of each of the audit committee and remuneration committee of the Company and a member of the nomination committee of the Company. Mr. Zhang Yihua is independent of, and not acting in concert with, the Concerted Group. Following the above changes, the Board comprises three executive Directors, namelyMr. Yuan Li, Mr. Xu Xinying and Ms. Liu Simei, a non-executive Director, namely Ms. Xu Honghong and three independent non-executiveDirectors, namely Mr. Zhang Yihua, Mr. Chen Rui and Mr. Fung Tak Choi. Reported Earnings • Aug 06
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up CN¥26.1m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Announcement • Jul 26
Qidian International Co., Ltd. to Report First Half, 2022 Results on Aug 04, 2022 Qidian International Co., Ltd. announced that they will report first half, 2022 results on Aug 04, 2022 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. 8 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Tak Choi Fung 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. Announcement • Apr 22
Qidian International Co., Ltd., Annual General Meeting, May 19, 2022 Qidian International Co., Ltd., Annual General Meeting, May 19, 2022, at 09:30 China Standard Time. Location: Conference Room, 11th Floor, Block 1, Wangjing Chengying Centre, Laiguangying West Road Chaoyang District Beijing Province China Agenda: To receive and consider the audited financial statements and the reports of the Company for the year ended 31 December 2021; to consider directorate reelections; to consider re-appoint Elite Partners CPA Limited as the auditors of the Company and to authorize the board of directors of the Company to fix their remuneration; and to consider other matters. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥0.29 loss per share (up from CN¥0.55 loss in FY 2020). Revenue: CN¥301.2m (down 14% from FY 2020). Net loss: CN¥60.0m (loss narrowed 28% from FY 2020). Revenue was in line with analyst estimates. Announcement • Mar 06
Qidian International Co., Ltd. to Report Fiscal Year 2021 Results on Mar 15, 2022 Qidian International Co., Ltd. announced that they will report fiscal year 2021 results on Mar 15, 2022 Executive Departure • Dec 01
Company Secretary Chit San Cheung has left the company On the 19th of November, Chit San Cheung's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Chit San's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 30
First half 2021 earnings released: CN¥0.16 loss per share (vs CN¥0.42 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: CN¥161.8m (up 37% from 1H 2020). Net loss: CN¥26.1m (loss narrowed 53% from 1H 2020). Reported Earnings • Mar 24
Full year 2020 earnings released: CN¥0.55 loss per share (vs CN¥0.86 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: CN¥351.7m (down 25% from FY 2019). Net loss: CN¥83.2m (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Qidian International Co., Ltd. to Report Fiscal Year 2020 Results on Mar 22, 2021 Qidian International Co., Ltd. announced that they will report fiscal year 2020 results on Mar 22, 2021 Is New 90 Day High Low • Mar 03
New 90-day high: HK$1.58 The company is up 22% from its price of HK$1.29 on 03 December 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 2.0% over the same period. Executive Departure • Feb 10
Company Secretary has left the company On the 5th of February, Yin Yee Wan's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Yin Yee's name. A total of 4 executives have left over the last 12 months. Announcement • Feb 06
Qidian International Co., Ltd. Announces Executive Changes The board of directors of Qidian International Co., Ltd. announced that Ms. Wan Yin Yee has resigned as company secretary of the Company and an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Authorised Representative") with effect from 5 February 2021. The Board announced that Ms. Cheung Chit San has been appointed as the Company Secretary and the Authorized Representative with effect from 5 February 2021. Ms. Cheung is a manager of the Corporate Services division of Tricor Services Limited. She has over 10 years of experience in the company secretary profession and has been providing corporate secretarial and compliance services to listed companies as well as multinational, private and offshore companies. Is New 90 Day High Low • Jan 22
New 90-day low: HK$0.98 The company is down 36% from its price of HK$1.53 on 23 October 2020. The Hong Kong market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day low: HK$1.19 The company is down 14% from its price of HK$1.38 on 30 September 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: HK$1.28 The company is down 17% from its price of HK$1.55 on 27 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 18% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of CN¥134.0m, with losses widening by 29% from the prior year. Total revenue was CN¥360.2m over the last 12 months, down 38% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: HK$1.32 The company is down 9.0% from its price of HK$1.45 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period. Announcement • Sep 10
Qidian International Co., Ltd. announced that it expects to receive HKD 39.287621 million in funding from Oupu Shanwei (International) Holdings Limited, Hong Kong Teng Chun Tak Sing International Co., Limited Qidian International Co., Ltd. (SEHK:1280) announced a private placement of an aggregate of 30,455,520 shares at a subscription price of HKD 1.29 per share for gross proceeds of HKD 39,287,620.8 on September 7, 2020. The company entered into subscription agreement one with new investor Oupu Shanwei (International) Holdings Limited for 23,755,306 shares for 13% stake and subscription agreement two with existing investor Hong Kong Teng Chun Tak Sing International Co., Limited for 6,700,214 shares. Post completion the returning investors' stake will increase from 4.58% to 7.49% in the company. The transaction is expected to close upon expiry of 3 months from the date of subscription agreement or such other date as the respective parties to subscription agreement may agree in writing. All securities to be issued under the transaction are subject to a lock up period of 6 months form the date of completion. An application will be made for listing of subscription shares in the stock exchange. The company will have related professional fees and all related expenses of approximately HKD 400,000 and net proceeds of HKD 38,887,620.8. The transaction is subject to the approval of board of directors and approval of stock exchange. The subscription shares represent approximately 20% of the existing issued share capital and 16.67% of the issued share capital of the company as enlarged by the allotment and issue of subscription shares. Announcement • Aug 31
Qidian International Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Qidian International Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
