1Q20 weak performance due to COVID-19 impact Yangzijiang (YZJ) announced its 1Q20 results on 29 April. Its 1Q20 revenue declined by 44% YoY to CNY3.5bn while earnings dropped a more hefty 51% to CNY404m. At this current run-rate, annualized earnings are expected to be at CNY1.6bn compared to the street estimate of approx CNY2.8bn prior … Read more
Yangzijiang announced its 4Q19 on 28 Feb 2020 where its earnings were down 30% YoY compared to 4Q18 to RMB642m. We see the company as a steady ship, but one that is heading into a major storm in 2020. Yangzijiang’s share price declined by approx 3% post-4Q19 results, slightly underperforming the broader market, which has … Read more
Yangzijiang’s share price is currently up 7%. The company is set to report its 3Q19 results on 7th November. Is the market expecting a set of solid results from the company this coming Thursday? Yangzijiang’s share price impacted by Chairman’s investigation Share price of the counter has declined by about 40% since hitting the peak … Read more
