Buy Or Sell Opportunity • Jun 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to CN¥84.46. The fair value is estimated to be CN¥108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 9.1%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 111% in the next 2 years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥92.85, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 17x in the Commercial Services industry in China. Total returns to shareholders of 242% over the past three years. Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.11 (down from CN¥1.90 in FY 2024). Revenue: CN¥1.23b (up 33% from FY 2024). Net income: CN¥106.1m (down 41% from FY 2024). Profit margin: 8.6% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Science Environmental Protection Co., Ltd., Annual General Meeting, May 19, 2026 Science Environmental Protection Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Announcement • Mar 30
Science Environmental Protection Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Science Environmental Protection Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥89.91, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Commercial Services industry in China. Total returns to shareholders of 188% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥84.32, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Commercial Services industry in China. Total returns to shareholders of 247% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥65.89, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Commercial Services industry in China. Total returns to shareholders of 211% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥54.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Commercial Services industry in China. Total returns to shareholders of 160% over the past three years. Announcement • Dec 26
Science Environmental Protection Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Science Environmental Protection Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Dec 10
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 Chinese stocks, typically moving 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥54.57, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥45.07, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 102% over the past three years. Price Target Changed • Nov 22
Price target increased by 19% to CN¥57.69 Up from CN¥48.30, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥46.02. Stock is up 62% over the past year. The company is forecast to post earnings per share of CN¥2.10 for next year compared to CN¥1.90 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CN¥254.3m (up 11% from 3Q 2024). Net income: CN¥25.0m (down 10% from 3Q 2024). Profit margin: 9.8% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥57.05, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 97% over the past year. New Risk • Oct 08
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 Chinese stocks, typically moving 7.1% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Announcement • Sep 30
Science Environmental Protection Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Science Environmental Protection Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.37 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.33 (down from CN¥0.37 in 2Q 2024). Revenue: CN¥252.7m (flat on 2Q 2024). Net income: CN¥31.3m (down 13% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Price Target Changed • Jul 31
Price target increased by 18% to CN¥48.30 Up from CN¥41.05, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥43.40. Stock is up 72% over the past year. The company is forecast to post earnings per share of CN¥2.10 for next year compared to CN¥1.90 last year. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥43.53, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Commercial Services industry in China. Total returns to shareholders of 101% over the past year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥38.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 47% over the past year. Declared Dividend • Jul 06
Dividend increased to CN¥0.63 Dividend of CN¥0.63 is 26% higher than last year. Ex-date: 8th July 2025 Payment date: 8th July 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 107% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Science Environmental Protection Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Science Environmental Protection Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Price Target Changed • May 03
Price target increased by 7.4% to CN¥40.05 Up from CN¥37.28, the current price target is an average from 2 analysts. New target price is 16% above last closing price of CN¥34.40. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of CN¥2.11 for next year compared to CN¥1.90 last year. Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.90 (up from CN¥0.95 in FY 2023). Revenue: CN¥927.2m (up 15% from FY 2023). Net income: CN¥180.8m (up 100% from FY 2023). Profit margin: 20% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Commercial Services industry in China. Announcement • Apr 25
Science Environmental Protection Co., Ltd., Annual General Meeting, May 19, 2025 Science Environmental Protection Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Announcement • Mar 28
Science Environmental Protection Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Science Environmental Protection Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥2.01 (up from CN¥0.95 in FY 2023). Revenue: CN¥927.6m (up 15% from FY 2023). Net income: CN¥191.2m (up 112% from FY 2023). Profit margin: 21% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Announcement • Dec 27
Science Environmental Protection Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Science Environmental Protection Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.19 in 3Q 2023). Revenue: CN¥228.8m (up 74% from 3Q 2023). Net income: CN¥27.9m (up 56% from 3Q 2023). Profit margin: 12% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Announcement • Sep 30
Science Environmental Protection Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Science Environmental Protection Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.16, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Commercial Services industry in China. Total loss to shareholders of 11% over the past year. Price Target Changed • Jul 19
Price target decreased by 11% to CN¥38.36 Down from CN¥43.32, the current price target is an average from 2 analysts. New target price is 52% above last closing price of CN¥25.23. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥0.95 last year. Announcement • Jun 29
Science Environmental Protection Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Science Environmental Protection Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Price Target Changed • Jun 27
Price target decreased by 18% to CN¥40.00 Down from CN¥48.72, the current price target is provided by 1 analyst. New target price is 43% above last closing price of CN¥27.99. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of CN¥2.05 for next year compared to CN¥0.95 last year. Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.29b to CN¥1.37b. EPS estimate increased from CN¥1.68 to CN¥2.12 per share. Net income forecast to grow 123% next year vs 39% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥48.72 to CN¥46.64. Share price rose 10% to CN¥34.00 over the past week. Announcement • Apr 23
Science Environmental Protection Co., Ltd., Annual General Meeting, May 14, 2024 Science Environmental Protection Co., Ltd., Annual General Meeting, May 14, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Reported Earnings • Apr 22
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CN¥0.95 (up from CN¥0.91 in FY 2022). Revenue: CN¥808.4m (up 48% from FY 2022). Net income: CN¥90.3m (up 36% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Announcement • Mar 30
Science Environmental Protection Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Science Environmental Protection Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Reported Earnings • Feb 25
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: CN¥0.98 (up from CN¥0.91 in FY 2022). Revenue: CN¥808.0m (up 47% from FY 2022). Net income: CN¥93.2m (up 41% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Commercial Services industry in China. New Risk • Feb 02
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 Chinese stocks, typically moving 6.6% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥30.24, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Commercial Services industry in China. Total returns to shareholders of 17% over the past year. Price Target Changed • Jan 17
Price target increased by 19% to CN¥55.42 Up from CN¥46.40, the current price target is provided by 1 analyst. New target price is 48% above last closing price of CN¥37.44. Stock is up 64% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.91 last year. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥43.88, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Commercial Services industry in China. Total returns to shareholders of 89% over the past year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19. Revenue: CN¥131.8m (up 9.0% from 3Q 2022). Net income: CN¥17.8m (up 11% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.24 (down from CN¥0.35 in 2Q 2022). Revenue: CN¥166.7m (up 29% from 2Q 2022). Net income: CN¥23.0m (down 8.0% from 2Q 2022). Profit margin: 14% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.91 (vs CN¥0.63 in FY 2021) Full year 2022 results: EPS: CN¥0.91 (up from CN¥0.63 in FY 2021). Revenue: CN¥548.2m (up 43% from FY 2021). Net income: CN¥66.2m (up 48% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Commercial Services industry in China. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥35.58, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 32x in the Commercial Services industry in China. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: CN¥0.94 (vs CN¥0.63 in FY 2021) Full year 2022 results: EPS: CN¥0.94 (up from CN¥0.63 in FY 2021). Revenue: CN¥551.4m (up 43% from FY 2021). Net income: CN¥68.4m (up 53% from FY 2021). Profit margin: 12% (in line with FY 2021).