Access the world's leading financial data and tools

Subscribe for $2
Overview
Profile

Wenye Group Holdings stock

1802.HK
KYG9494A1040

Price

0.06
Today +/-
+0.00
Today %
+3.05 %

Wenye Group Holdings stock price

%
Weekly
Details

Price

ⓘ

Overview

The Quote Chart provides detailed and dynamic insights into the Wenye Group Holdings stock's performance, showcasing daily, weekly, or monthly aggregated quotes. Users can switch between different time frames to analyze the stock's progression meticulously and make informed investment decisions.

Intraday Feature

The intraday feature provides real-time data, allowing investors to view the Wenye Group Holdings stock’s price fluctuations within the trading day, facilitating timely and strategic investment decisions.

Total Return and Relative Price Change

View the total return of the Wenye Group Holdings stock to gauge its profitability over time. The relative price change, based on the first quote available in the selected timeframe, offers insights into the stock’s performance, assisting in evaluating its investment potential.

Interpretation and Investment

Utilize the comprehensive data presented in the Quote Chart to analyze Wenye Group Holdings's market trends, price movements, and potential returns. Make informed investment choices by comparing different time frames and evaluating intraday data for optimized portfolio management.

Wenye Group Holdings Stock Price History

DateWenye Group Holdings Price
12/20/20240.06 undefined
12/19/20240.06 undefined
12/18/20240.06 undefined
12/17/20240.06 undefined
12/16/20240.06 undefined
12/13/20240.06 undefined
12/12/20240.06 undefined
12/11/20240.07 undefined
12/10/20240.07 undefined
12/9/20240.07 undefined
12/6/20240.07 undefined
12/5/20240.07 undefined
12/4/20240.07 undefined
12/3/20240.07 undefined
12/2/20240.07 undefined
11/29/20240.07 undefined
11/28/20240.07 undefined
11/27/20240.06 undefined
11/26/20240.06 undefined
11/25/20240.06 undefined
11/22/20240.06 undefined

Wenye Group Holdings Revenue, EBIT, Net Income

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details

Revenue, EBIT and Profit

ⓘ

Understanding Revenue, EBIT, and Income

Gain insights into Wenye Group Holdings, a comprehensive overview of its financial performance can be obtained by analyzing the Revenue, EBIT, and Income chart. Revenue represents the total income generated by Wenye Group Holdings from its primary operations, showcasing the company’s ability to attract and retain clients. EBIT, or Earnings Before Interest and Taxes, indicates the company’s operational profitability, free from the influence of tax and interest expenses. The Income section reflects Wenye Group Holdings’s net earnings, an ultimate measure of its financial health and profitability.

Yearly Analysis and Comparisons

Observe the yearly bars to understand the annual performance and growth of Wenye Group Holdings. Compare the Revenue, EBIT, and Income to evaluate the company’s efficiency and profitability. A higher EBIT compared to the previous year suggests an improvement in operational efficiency. Likewise, an increase in Income indicates enhanced overall profitability. Analyzing the year-to-year comparison assists investors in understanding the company’s growth trajectory and operational efficiency.

Utilizing Expectations for Investment

The expected values for the forthcoming years offer investors a glimpse into Wenye Group Holdings’s anticipated financial performance. Analyzing these projections alongside historical data aids in making informed investment decisions. Investors can gauge the potential risks and returns, aligning their investment strategies accordingly to optimize profitability and mitigate risks.

Investment Insights

Leveraging the comparison between Revenue and EBIT helps in assessing Wenye Group Holdings’s operational efficiency, while the Revenue and Income comparison reveals the net profitability after accounting for all expenses. Investors can derive valuable insights by meticulously analyzing these financial parameters, laying the foundation for strategic investment decisions aimed at capitalizing on Wenye Group Holdings’s growth potential.

Wenye Group Holdings Revenue, EBIT and net profit per share

DateWenye Group Holdings RevenueWenye Group Holdings EBITWenye Group Holdings Net Income
202381.34 M undefined-47.52 M undefined-63.47 M undefined
2022378.12 M undefined-177.58 M undefined-193.36 M undefined
20211.03 B undefined-1.12 B undefined-1.21 B undefined
20201.25 B undefined37.4 M undefined21.1 M undefined
20191.56 B undefined69.9 M undefined40.1 M undefined
20181.44 B undefined92.6 M undefined60.7 M undefined
20171.27 B undefined83.9 M undefined56 M undefined
20161.25 B undefined67.1 M undefined46.6 M undefined

Wenye Group Holdings Income Statement, Balance Sheet, Cash Flow Statement

  • Simple

  • Expanded

  • Income Statement

  • Balance Sheet

  • Cashflow

 
REVENUE (B)REVENUE GROWTH (%)GROSS MARGIN (%)GROSS INCOME (M)NET INCOME (M)NET INCOME GROWTH (%)SHARES (M)DOCUMENTS
20162017201820192020202120222023
1.251.271.441.561.251.030.380.08
-1.6913.748.13-19.91-17.32-63.34-78.57
9.8810.8211.3211.9511.877.476.088.64
12313716318614877237
4656604021-1,206-193-63
-21.747.14-33.33-47.50-5,842.86-84.00-67.36
445.5445.5445.5444.5588.7593.94593.94593.94
--------
Details

Keystats

ⓘ

Revenue and Growth

The Wenye Group Holdings Revenue and Revenue Growth are pivotal to understanding the company's financial health and operational efficiency. A consistent increase in revenue indicates a company’s ability to effectively market and sell its products or services, while the revenue growth percentage offers insights into the pace at which the company is expanding over the years.

Gross Margin

The Gross Margin is a crucial metric that showcases the percentage of revenue exceeding the cost of goods sold (COGS). A higher gross margin is indicative of a company’s efficiency in controlling its production costs, thereby promising potential profitability and financial stability.

EBIT and EBIT Margin

EBIT (Earnings Before Interest and Taxes) and EBIT Margin offer deep insights into a company’s profitability, excluding the impacts of interest and taxes. Investors often assess these metrics to gauge the operational efficiency and inherent profitability of a business, separate from its financial structure and tax environment.

Income and Growth

Net Income and its subsequent growth are quintessential for investors looking to understand a company’s profitability. Consistent income growth underscores a company’s ability to enhance its profitability over time, reflecting operational efficiency, strategic competitiveness, and financial health.

Shares Outstanding

Shares outstanding refer to the total number of shares a company has issued. It's instrumental in calculating key metrics like Earnings Per Share (EPS) which is pivotal for investors to evaluate a company’s profitability on a per-share basis, offering a more granular view of financial health and valuation.

Interpreting Year to Year Comparison

Comparing yearly data allows investors to identify trends, assess the company’s growth, and anticipate potential future performance. Analyzing how metrics like revenue, income, and margins change year over year can provide valuable insights into the company’s operational efficiency, competitiveness, and overall financial health.

Expectations and Predictions

Investors often juxtapose the current and past financial data with the market’s expectations. This comparison aids in assessing whether the Wenye Group Holdings is performing as anticipated, underperforming or outperforming the market predictions, providing pivotal data for investment decisions.

 
ASSETSCASH BALANCE (M)RECEIVABLES (B)OTHER REC. (M)INVENTORIES (M)OTHER CURRENT LIAB. (M)CURRENT ASSETS (B)TANGIBLE ASSETS (M)LONG-T. INVEST. (M)LONG-T. REC. (M)INTANGIBLE ASSETS (M)GOODWILL (M)OTHER NON-CURRENT ASSETS (M)NON-CURRENT ASSETS (M)TOTAL ASSETS (B)LIABILITIESCOMMON STOCK (k)ADDITIONAL PAID-IN CAPITAL (M)RETAINED EARNINGS (M)OTHER EQUITY (M)UNREAL. GAINS/LOSSES (M)EQUITY (M)LIABILITIES (B)PROVISIONS (M)OTHER SHORT-TERM LIAB. (M)SHORT-TERM DEBTS (M)LONG-TERM DEBT PORTION (M)SHORT-TERM REC. (B)LONG-T. LIAB. (M)DEFERRED TAXES (M)OTHER LIAB. (M)LONG-T. LIABILITIES (M)DEBT (B)TOTAL CAPITAL (B)
20162017201820192020202120222023
               
106.757.487.246.756.922.690.340.18
0.871.011.221.591.740.450.250.16
1123.74.2000030.71
00000000
51.130.81.17.643.966.6130.9844.62
1.041.121.321.651.840.540.290.23
55.450.544.840.125.715.687.87.62
22.319.717.214.62.22.132.050
65.477.558.575.939.911.235.080.4
1.81.410.90.6000
00000000
18.22530.744.641.6000
163.1174.1152.2176.111029.0414.948.01
1.21.291.471.821.950.570.30.24
               
0000100515151
0000130.4130.43130.43130.43
259.4378.5441.3474.7495.8-710.36-903.72-967.19
0000-0.5-0-0.01-0
00000000
259.4378.5441.3474.7625.8-579.89-773.25-836.71
0.760.640.70.880.861.670.731.5
10.89.717.934.438.724.3314.7916.23
79.5105.2141.9206.4229200.67186.92218.39
009.1524.4036.2247.94
41.3119115.8176.5162179.5389.7673.75
0.890.870.991.31.312.081.051.86
47.84438.947.115.51.9818.1932.29
00000000
00000000
47.84438.947.115.51.9818.1932.29
0.940.911.031.351.332.081.071.89
1.21.291.471.821.951.50.31.06
Details

Balance Sheet

ⓘ

Understanding the Balance Sheet

The balance sheet of Wenye Group Holdings provides a detailed financial snapshot, revealing the company's assets, liabilities, and equity at a specific point in time. Analyzing these components is crucial for investors looking to understand Wenye Group Holdings's financial health and stability.

Assets

Wenye Group Holdings's assets represent everything the company owns or controls that has monetary value. These are categorized into current and non-current assets, offering insights into the company's liquidity and long-term investments.

Liabilities

Liabilities are obligations that Wenye Group Holdings must settle in the future. Analyzing the ratio of liabilities to assets provides insights into the company's financial leverage and risk exposure.

Equity

Equity refers to the residual interest in the assets of Wenye Group Holdings after deducting liabilities. It represents the owners’ claim on the company’s assets and earnings.

Year-to-Year Analysis

Comparing balance sheet figures year-to-year allows investors to identify trends, growth patterns, and potential financial risks, facilitating informed investment decisions.

Interpreting the Data

Detailed analysis of assets, liabilities, and equity can provide investors with comprehensive insights into Wenye Group Holdings's financial standing, aiding in investment evaluations and risk assessments.

 
NET INCOME (M)DEPRECIATION (M)DEFERRED TAXES (M)CHANGES IN WORKING CAPITAL (M)NON-CASH ITEM (B)PAID INTEREST (M)PAID TAXES (M)NET CASH FLOW FROM OPERATING ACTIVITIES (M)CAPITAL EXPENDITURES (M)CASH FLOW FROM INVESTING ACTIVITIES (M)CASH FLOW FROM OTHER INVESTING ACTIVITIES (M)INTEREST INCOME AND EXPENSES (M)NET DEBT CHANGE (M)NET CHANGE IN EQUITY (M)CASH FLOW FROM FINANCING ACTIVITIES (M)CASH FLOW FROM OTHER FINANCING ACTIVITIES (M)TOTAL DIVIDENDS PAID (M)NET CHANGE IN CASH FLOW (M)FREE CASH FLOW (M)SHARE-BASED COMPENSATION (M)
2016201720182019202020212022
6376835932-1,162-193
67771186
0000000
-26-284-106-221-196-6126
0.040.040.030.070.051.20.18
4810111312
62427186120
80-16219-85-100-1921
-11000-200
-19-1219300-1
-8-11204100
0000000
1372062-5-17-38
000014200
8126-841111-15-42
-453-8-21-262-4
0000000
69-4929-4010-34-22
69.1-163.918.59-86.63-103.18-20.1321.1
0000000

Wenye Group Holdings stock margins

The Wenye Group Holdings margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Wenye Group Holdings. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Wenye Group Holdings.

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details

Margin

ⓘ

Understanding Gross Margin

The gross margin, expressed as a percentage, delineates the gross profit made from the Wenye Group Holdings's sales revenue. A higher gross margin percentage indicates that the Wenye Group Holdings retains more revenue after accounting for the costs of goods sold. Investors use this metric to gauge financial health and operational efficiency, as well as to compare it with competitors and industry averages.

EBIT Margin Analysis

EBIT margin represents the Wenye Group Holdings's earnings before interest and taxes. Analyzing the EBIT margin over different years provides insights into the operational profitability and efficiency, excluding the effects of financial leverage and tax structure. A growing EBIT margin over the years signifies improving operational performance.

Revenue Margin Insights

The revenue margin demonstrates the Wenye Group Holdings's total revenue generated. When comparing the revenue margin year over year, investors can gauge the Wenye Group Holdings's growth and market expansion. It is essential to compare the revenue margin with the gross and EBIT margins to understand the cost and profit structures better.

Interpreting Expectations

The expected values for gross, EBIT, and revenue margins provide future financial outlook of the Wenye Group Holdings. Investors should compare these expectations with historical data to understand potential growth and risk factors. It is crucial to consider the underlying assumptions and methodologies used in projecting these expected values to make informed investment decisions.

Comparative Analysis

Comparing the gross, EBIT, and revenue margins, both yearly and over multiple years, enables investors to perform a comprehensive analysis of the Wenye Group Holdings's financial health and growth prospects. Evaluating the trends and patterns in these margins helps in identifying strengths, weaknesses, and potential investment opportunities.

Wenye Group Holdings Margin History

Wenye Group Holdings Gross marginWenye Group Holdings Profit marginWenye Group Holdings EBIT marginWenye Group Holdings Profit margin
20238.75 %-58.42 %-78.03 %
20226.26 %-46.96 %-51.14 %
20217.53 %-108.46 %-116.95 %
202011.91 %3 %1.69 %
201912 %4.49 %2.57 %
201811.36 %6.43 %4.21 %
201710.84 %6.62 %4.42 %
20169.93 %5.39 %3.74 %

Wenye Group Holdings Stock Sales Revenue, EBIT, Earnings per Share

The Wenye Group Holdings earnings per share therefore indicates how much revenue Wenye Group Holdings has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details

Revenue, EBIT and Earnings per share

ⓘ

Revenue Per Share

Revenue per share represents the total revenue Wenye Group Holdings earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Wenye Group Holdings's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Wenye Group Holdings’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Wenye Group Holdings's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Wenye Group Holdings Revenue, EBIT and net profit per share

DateWenye Group Holdings Sales per ShareWenye Group Holdings EBIT per shareWenye Group Holdings Earnings per Share
20230.14 undefined-0.08 undefined-0.11 undefined
20220.64 undefined-0.3 undefined-0.33 undefined
20211.74 undefined-1.88 undefined-2.03 undefined
20202.12 undefined0.06 undefined0.04 undefined
20193.5 undefined0.16 undefined0.09 undefined
20183.23 undefined0.21 undefined0.14 undefined
20172.84 undefined0.19 undefined0.13 undefined
20162.8 undefined0.15 undefined0.1 undefined

Wenye Group Holdings business model

Wenye Group Holdings is one of the most popular companies on Eulerpool.com.
LIMITED TIME OFFER

The World’s Best Investors Are On Eulerpool

Subscribe for $2

Wenye Group Holdings Eulerpool Fair Value

Details

Fair Value

ⓘ

Understanding Fair Value

The fair value of a stock provides insights into whether the stock is currently undervalued or overvalued. It is calculated based on profit, revenue, or dividends and offers a comprehensive perspective of the stock’s intrinsic value.

Income-Based Fair Value

This is calculated by multiplying the earnings per share by the average P/E ratio of the selected past years for smoothing. If the fair value is higher than the current market price, it suggests that the stock is undervalued.

Example 2022

Fair Value Profit 2022 = Earnings per Share 2022 / Average P/E Ratio 2019 - 2021 (3 Years Smoothing)

Revenue-Based Fair Value

It is derived by multiplying the revenue per share by the average price-to-sales ratio of the selected past years for smoothing. An undervalued stock is identified if the fair value exceeds the ongoing market price.

Example 2022

Fair Value Revenue 2022 = Revenue per Share 2022 / Average PSR 2019 - 2021 (3 Years Smoothing)

Dividend-Based Fair Value

This value is determined by dividing the dividend per share by the average dividend yield of the selected past years for smoothing. A higher fair value than the market price indicates an undervalued stock.

Example 2022

Fair Value Dividend 2022 = Dividend per Share 2022 * Average Dividend Yield 2019 - 2021 (3 Years Smoothing)

Expectations and Forecasts

Future expectations provide potential trajectories for stock prices and aid investors in decision-making. The expected values are forecasted figures of fair value, taking into account the growth or decline trends of profit, revenue, or dividend.

Comparative Analysis

Comparing the fair value based on profit, revenue, and dividend provides a holistic overview of the stock’s financial health. Observing the annual and per-annual variations contributes to understanding the consistency and reliability of stock performance.

Wenye Group Holdings historical P/E ratio, EBIT multiple, and P/S ratio

LIMITED TIME OFFER

The World’s Best Investors Are On Eulerpool

Subscribe for $2

Wenye Group Holdings shares outstanding

The number of shares was Wenye Group Holdings in 2023 — This indicates how many shares 593.94 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Number of stocks
Details

Revenue, EBIT and Earnings per share

ⓘ

Revenue Per Share

Revenue per share represents the total revenue Wenye Group Holdings earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Wenye Group Holdings's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Wenye Group Holdings’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Wenye Group Holdings's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

LIMITED TIME OFFER

The World’s Best Investors Are On Eulerpool

Subscribe for $2
Unfortunately, there are currently no price targets and forecasts available for Wenye Group Holdings.

Wenye Group Holdings shareholders

%
Name
Stocks
Change
Date
16.66538 % Wenye Elite Holdings Ltd.98,992,350012/31/2023
9.26215 % Fan (Shaozhou)55,017,150-152,582,0001/5/2024
5.53603 % Mak (Ho Fai)32,884,00032,884,0001/8/2024
4.19192 % Li (Pak San)24,900,000-125,100,0001/10/2024
3.25758 % Chen (Li)19,350,000012/31/2023
1.36364 % Deng (Guanghui)8,100,000012/31/2023
1

Wenye Group Holdings Executives and Management Board

Mr. Shaozhou Fan

(53)
Wenye Group Holdings Executive Chairman of the Board, Chief Executive Officer (since 2019)
Compensation 686,000

Mr. Neng Wan

(55)
Wenye Group Holdings Chief Financial Officer (since 2023)
Compensation 548,000

Mr. Li Chen

(60)
Wenye Group Holdings Non-Executive Director
Compensation 104,000

Mr. Guojing Kong

(59)
Wenye Group Holdings Co-Chairman of the Board, Executive Director (since 2023)

Mr. Hongxing Li

(43)
Wenye Group Holdings Non-Executive Director
1
2

Most common questions regarding Wenye Group Holdings

What is the P/E ratio of Wenye Group Holdings 2024?

The P/E ratio cannot be calculated for Wenye Group Holdings at the moment.

What is the P/S ratio of Wenye Group Holdings 2024?

The P/S cannot be calculated for Wenye Group Holdings currently.

What is the Quality Investing of Wenye Group Holdings?

The Quality Investing for Wenye Group Holdings is 1/10.

What is the revenue of Wenye Group Holdings 2024?

The revenue cannot currently be calculated for Wenye Group Holdings.

How high is the profit of Wenye Group Holdings 2024?

The profit cannot currently be calculated for Wenye Group Holdings.

What is the business model of Wenye Group Holdings

No history available for Wenye Group Holdings.

What is the Wenye Group Holdings dividend?

Wenye Group Holdings pays a dividend of 0 CNY distributed over payouts per year.

How often does Wenye Group Holdings pay dividends?

The dividend cannot currently be calculated for Wenye Group Holdings or the company does not pay out a dividend.

What is the Wenye Group Holdings ISIN?

The ISIN of Wenye Group Holdings is KYG9494A1040.

What is the Wenye Group Holdings ticker?

The ticker of Wenye Group Holdings is 1802.HK.

How much dividend does Wenye Group Holdings pay?

Over the past 12 months, Wenye Group Holdings paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Wenye Group Holdings is expected to pay a dividend of 0 CNY.

What is the dividend yield of Wenye Group Holdings?

The current dividend yield of Wenye Group Holdings is .

When does Wenye Group Holdings pay dividends?

Wenye Group Holdings pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Wenye Group Holdings?

Wenye Group Holdings paid dividends every year for the past 0 years.

What is the dividend of Wenye Group Holdings?

For the upcoming 12 months, dividends amounting to 0 CNY are expected. This corresponds to a dividend yield of 0 %.

In which sector is Wenye Group Holdings located?

Wenye Group Holdings is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Wenye Group Holdings kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Wenye Group Holdings from 12/21/2024 amounting to 0 CNY, you needed to have the stock in your portfolio before the ex-date on 12/21/2024.

When did Wenye Group Holdings pay the last dividend?

The last dividend was paid out on 12/21/2024.

What was the dividend of Wenye Group Holdings in the year 2023?

In the year 2023, Wenye Group Holdings distributed 0 CNY as dividends.

In which currency does Wenye Group Holdings pay out the dividend?

The dividends of Wenye Group Holdings are distributed in CNY.

All fundamentals about Wenye Group Holdings

Our stock analysis for Wenye Group Holdings Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Wenye Group Holdings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.