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Pu'er Lancang Ancient Tea Co., Ltd.
(6911)
Pu'er Lancang Ancient Tea Co., Ltd. (6911) vs. iShares MSCI Hong Kong ETF (EWH)
Pu'er Lancang Ancient Tea Co., Ltd. Business Overview & Revenue Model
Pu'er Lancang Ancient Tea Co., Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 361.33M | 527.35M | 538.26M | 673.32M | 455.62M |
| Gross Profit | 188.01M | 353.12M | 304.38M | 407.65M | 299.86M |
| EBITDA | -219.39M | 168.42M | 147.70M | 191.98M | 169.81M |
| Net Income | -307.55M | 80.08M | 72.20M | 131.01M | 122.88M |
Balance Sheet | |||||
| Total Assets | 1.34B | 1.63B | 1.58B | 1.46B | 1.07B |
| Cash, Cash Equivalents and Short-Term Investments | 109.80M | 262.31M | 101.08M | 173.15M | 206.20M |
| Total Debt | 436.34M | 385.26M | 427.10M | 346.72M | 210.11M |
| Total Liabilities | 668.95M | 617.67M | 686.70M | 534.71M | 375.29M |
| Stockholders Equity | 671.87M | 1.01B | 891.72M | 915.07M | 695.01M |
Cash Flow | |||||
| Free Cash Flow | -163.82M | 6.12M | -27.14M | -60.90M | 81.68M |
| Operating Cash Flow | -107.54M | 21.72M | 46.09M | -10.83M | 105.55M |
| Investing Cash Flow | -98.64M | -14.24M | -93.98M | -56.95M | -21.86M |
| Financing Cash Flow | 9.24M | 164.81M | -12.02M | 28.77M | -70.97M |
Pu'er Lancang Ancient Tea Co., Ltd. Technical Analysis
Pu'er Lancang Ancient Tea Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | $6.66B | 8.65 | -12.38% | 6.20% | 14.63% | 5.17% | |
51 Neutral | HK$68.76M | ― | -22.83% | ― | 0.23% | -43.18% | |
44 Neutral | HK$88.51M | 5.66 | -36.56% | 9.65% | -32.63% | -477.69% | |
| ― | $4.74M | ― | -9.29% | ― | ― | ― | |
| ― | $4.18M | ― | -20.62% | ― | ― | ― | |
| ― | HK$89.96M | ― | ― | ― | ― |
Pu'er Lancang Ancient Tea Co., Ltd. Corporate Events
Pu’er Lancang Ancient Tea Co., Ltd. has announced the nomination of Ms. Huang Lin as an independent non-executive director for the third session of its Board. Ms. Huang brings a wealth of experience in economics, financial and securities industries, and corporate management, which aligns with the company’s strategic goals and enhances board diversity.
Pu’er Lancang Ancient Tea Co., Ltd. has announced the issuance of 24,000,000 H shares under a general mandate, with the subscription price set at HKD2.46 per share. This issuance represents a significant portion of the company’s H shares and total issued shares, potentially impacting the company’s market positioning and shareholder value.
Pu’er Lancang Ancient Tea Co., Ltd. has announced a supplemental update regarding an inventory shortfall of a subsidiary, detailing the progress of a product exchange agreement. The company has exchanged mid-to-high-end products that have seen a decline in price and sales for products that meet quality standards and can be used as raw materials for new consumer products. This strategic move is expected to enhance the company’s product offerings and market value, aligning with its business strategy amidst a challenging market environment.
Pu’er Lancang Ancient Tea Co., Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with revenue dropping by 31.5% and a shift from profit to a substantial loss. The company’s gross profit also decreased by 46.8%, and it reported a loss attributable to owners of RMB307.5 million, highlighting a challenging year for the company and its stakeholders.
Pu’er Lancang Ancient Tea Co., Ltd. has announced a board meeting scheduled for June 30, 2025, to discuss and approve the annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment, which could impact the company’s financial distribution to stakeholders.
Pu’er Lancang Ancient Tea Co., Ltd. held its 2025 Second Extraordinary General Meeting (EGM) on 30 May 2025, where a resolution regarding the change in use of proceeds was unanimously approved by shareholders. The meeting saw participation from shareholders holding 71.12% of the company’s issued share capital. Despite the successful resolution, trading of the company’s shares remains suspended on the Hong Kong Stock Exchange until the publication of its 2024 annual results, with stakeholders advised to exercise caution.
Pu’er Lancang Ancient Tea Co., Ltd. announced progress regarding an inventory shortfall involving its subsidiary, where a product exchange agreement was reached to swap 35 tonnes of new tea for 160 tonnes of aged tea with a Guangzhou trader. This strategic move is expected to enhance the company’s competitiveness and address consumer demand, while the company also reviews its internal inventory management to prevent future discrepancies.
Pu’er Lancang Ancient Tea Co., Ltd. has entered into a loan agreement with Agricultural Bank of China Limited for a term loan facility of up to RMB24,300,000. This agreement aims to diversify the company’s financing channels, support its operational capital needs, and optimize its liability structure. The loan is secured by the company’s inventory of Pu’er tea products. Trading of the company’s shares on the Hong Kong Stock Exchange remains suspended pending the release of its 2024 annual results.
Pu’er Lancang Ancient Tea Co., Ltd. has announced an extraordinary general meeting (EGM) scheduled for May 30, 2025, to consider and approve a change in the use of proceeds. This decision could potentially impact the company’s financial strategy and operational focus, affecting its stakeholders and market positioning.
Pu’er Lancang Ancient Tea Co., Ltd. announced the resignation of Ms. Wang Juan from her position as a non-executive director due to personal career development reasons. Despite her resignation, her acting-in-concert agreement with Ms. Du Chunyi remains valid. The company also announced changes in the composition of its board committees, with new appointments to the audit, nomination, remuneration, and strategy committees. Additionally, the trading of the company’s shares remains suspended pending the publication of its 2024 annual results.
Pu’er Lancang Ancient Tea Co., Ltd. announced that a significant portion of its shares, specifically 15.83% of the total issued shares, has been pledged by its controlling shareholder, Ms. Wang Juan, and Guangzhou Tiansu Information Technology Co., Ltd. This pledge is not intended to guarantee the company’s debts or support other obligations. Additionally, trading of the company’s shares has been suspended since April 1, 2025, pending the release of its 2024 annual results, with further updates to be provided as necessary.
Pu’er Lancang Ancient Tea Co., Ltd. has announced the appointment of Mr. Zhou Xinzhong as the new general manager, replacing Ms. Du Chunyi. This leadership change is accompanied by Mr. Zhou’s re-designation from a non-executive to an executive director, aligning his role with the company’s strategic goals. Additionally, the company has suspended trading of its shares on the Stock Exchange until the release of its 2024 annual results, indicating a period of operational adjustment and potential strategic shifts.
Pu’er Lancang Ancient Tea Co., Ltd. has announced a proposed change in the use of proceeds from its global offering. The company plans to reallocate RMB14.0 million of the unutilised net proceeds for working capital and general corporate purposes, shifting funds originally intended for sales channel building and IT infrastructure upgrades. This strategic reallocation aims to optimize the company’s financial flexibility and support its ongoing operations, potentially impacting its market positioning and stakeholder interests.