New Risk • May 22
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 10% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 7.7% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in FY 2024) Full year 2025 results: EPS: CN¥0.31 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.85b (up 33% from FY 2024). Net income: CN¥74.0m (up 12% from FY 2024). Profit margin: 4.0% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 23
Jiangsu Longda Superalloy Co., Ltd., Annual General Meeting, May 13, 2026 Jiangsu Longda Superalloy Co., Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: No. 18, Xiangyun Road, Anzhen Subdistrict, Xishan District, Wuxi, Jiangsu China Announcement • Mar 30
Jiangsu Longda Superalloy Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jiangsu Longda Superalloy Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.27 in FY 2024) Full year 2025 results: EPS: CN¥0.30 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.87b (up 34% from FY 2024). Net income: CN¥75.2m (up 14% from FY 2024). Profit margin: 4.0% (down from 4.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Feb 03
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 9.7% 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 Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Dec 26
Jiangsu Longda Superalloy Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Jiangsu Longda Superalloy Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 21
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 7.4% 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 Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥24.20, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 36x in the Metals and Mining industry in China. Total loss to shareholders of 37% over the past three years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.078 (vs CN¥0.059 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.078 (up from CN¥0.059 in 3Q 2024). Revenue: CN¥480.7m (up 46% from 3Q 2024). Net income: CN¥17.9m (up 29% from 3Q 2024). Profit margin: 3.7% (down from 4.2% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 07
Upcoming dividend of CN¥0.18 per share Eligible shareholders must have bought the stock before 14 October 2025. Payment date: 14 October 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (1.5%). Announcement • Sep 30
Jiangsu Longda Superalloy Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Jiangsu Longda Superalloy Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 144% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 144% Paying a dividend despite having no free cash flows. Earnings have declined by 5.3% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Sep 03
New major risk - Revenue and earnings growth Earnings have declined by 5.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Jun 30
Jiangsu Longda Superalloy Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu Longda Superalloy Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Apr 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥344.0m (up 8.7% from 1Q 2024). Net income: CN¥28.5m (up 3.2% from 1Q 2024). Profit margin: 8.3% (down from 8.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 26
Jiangsu Longda Superalloy Co., Ltd., Annual General Meeting, May 16, 2025 Jiangsu Longda Superalloy Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: No. 18, Xiangyun Road, Anzhen Subdistrict, Xishan District, Wuxi, Jiangsu China Announcement • Mar 28
Jiangsu Longda Superalloy Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Jiangsu Longda Superalloy Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Feb 22
Full year 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.22 in FY 2023) Full year 2024 results: EPS: CN¥0.27 (up from CN¥0.22 in FY 2023). Revenue: CN¥1.38b (up 14% from FY 2023). Net income: CN¥66.6m (up 20% from FY 2023). Profit margin: 4.8% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Dec 27
Jiangsu Longda Superalloy Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Jiangsu Longda Superalloy Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.059 (vs CN¥0.09 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.059 (down from CN¥0.09 in 3Q 2023). Revenue: CN¥330.2m (up 7.0% from 3Q 2023). Net income: CN¥13.9m (down 38% from 3Q 2023). Profit margin: 4.2% (down from 7.2% in 3Q 2023). Announcement • Sep 30
Jiangsu Longda Superalloy Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Longda Superalloy Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.079 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.079 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥399.8m (up 14% from 2Q 2023). Net income: CN¥18.3m (down 43% from 2Q 2023). Profit margin: 4.6% (down from 9.1% in 2Q 2023). Announcement • Jun 28
Jiangsu Longda Superalloy Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu Longda Superalloy Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.10 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥316.5m (up 31% from 1Q 2023). Net income: CN¥27.7m (up 7.2% from 1Q 2023). Profit margin: 8.7% (down from 11% in 1Q 2023). Announcement • Apr 27
Jiangsu Longda Superalloy Co., Ltd., Annual General Meeting, May 17, 2024 Jiangsu Longda Superalloy Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: 3F, No. 18, Xiangyun Road, Anzhen Subdistrict, Xishan District, Wuxi, Jiangsu China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥14.16, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 52% over the past year. Announcement • Mar 29
Jiangsu Longda Superalloy Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Longda Superalloy Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 20
Jiangsu Longda Superalloy Co., Ltd. (SHSE:688231) announces an Equity Buyback for CNY 200 million worth of its shares. Jiangsu Longda Superalloy Co., Ltd. (SHSE:688231) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 23.83 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's over-raised funds. The program will be valid for 6 months. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.45 in FY 2022) Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.45 in FY 2022). Revenue: CN¥1.21b (up 28% from FY 2022). Net income: CN¥56.7m (down 40% from FY 2022). Profit margin: 4.7% (down from 9.9% in FY 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.36, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total loss to shareholders of 60% over the past year. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.088 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.088 in 3Q 2022). Revenue: CN¥308.7m (up 31% from 3Q 2022). Net income: CN¥22.3m (up 8.4% from 3Q 2022). Profit margin: 7.2% (down from 8.7% in 3Q 2022). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.19 in 2Q 2022). Revenue: CN¥349.3m (up 22% from 2Q 2022). Net income: CN¥31.8m (down 10% from 2Q 2022). Profit margin: 9.1% (down from 12% in 2Q 2022). Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.09 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.09 in 1Q 2022). Revenue: CN¥242.5m (up 25% from 1Q 2022). Net income: CN¥25.8m (up 62% from 1Q 2022). Profit margin: 11% (up from 8.2% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.38 in FY 2021) Full year 2022 results: EPS: CN¥0.45 (up from CN¥0.38 in FY 2021). Revenue: CN¥951.6m (up 31% from FY 2021). Net income: CN¥95.7m (up 36% from FY 2021). Profit margin: 10% (in line with FY 2021). Board Change • Nov 16
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. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.088. Net income: CN¥20.6m (up CN¥20.6m from 3Q 2021). Reported Earnings • Aug 26
First half 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.045 in 1H 2021) First half 2022 results: EPS: CN¥0.28 (up from CN¥0.045 in 1H 2021). Revenue: CN¥481.7m (up 203% from 1H 2021). Net income: CN¥51.3m (up 484% from 1H 2021). Profit margin: 11% (up from 5.5% in 1H 2021). 
