New Risk • Jun 12
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 8.9% 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 Dividend is not well covered by earnings (92% payout ratio). Share price has been volatile over the past 3 months (8.9% average weekly change). Declared Dividend • May 14
Dividend of CN¥0.28 announced Shareholders will receive a dividend of CN¥0.28. Ex-date: 18th May 2026 Payment date: 18th May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.2% to bring the payout ratio under control. EPS is expected to grow by 96% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 10
Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, May 07, 2026 Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, May 07, 2026, at 14:30 China Standard Time. Location: No. 67, Shengpu Pingsheng Road, Suzhou Industrial Park, Suzhou, Jiangsu China Reported Earnings • Apr 10
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.46 (up from CN¥0.41 in FY 2024). Revenue: CN¥2.59b (up 9.9% from FY 2024). Net income: CN¥319.8m (up 18% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Announcement • Mar 31
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Jan 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Announcement • Dec 31
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥655.4m (up 2.2% from 3Q 2024). Net income: CN¥93.0m (up 7.0% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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 Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. New Risk • Oct 14
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 7.3% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.14 in 2Q 2024). Revenue: CN¥601.5m (down 1.9% from 2Q 2024). Net income: CN¥112.3m (up 16% from 2Q 2024). Profit margin: 19% (up from 16% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to CN¥31.57. The fair value is estimated to be CN¥40.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 64% in the next 2 years. Announcement • Jul 02
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Buy Or Sell Opportunity • Jul 02
Now 20% undervalued Over the last 90 days, the stock has risen 1.9% to CN¥31.73. The fair value is estimated to be CN¥39.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 64% in the next 2 years. Buy Or Sell Opportunity • May 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to CN¥31.10. The fair value is estimated to be CN¥39.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Buy Or Sell Opportunity • May 08
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥33.27. The fair value is estimated to be CN¥47.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Declared Dividend • May 05
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 9th May 2025 Payment date: 9th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • Apr 09
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥2.66b to CN¥2.93b. EPS estimate fell from CN¥0.693 to CN¥0.61 per share. Net income forecast to grow 29% next year vs 48% growth forecast for Chemicals industry in China. Consensus price target of CN¥46.00 unchanged from last update. Share price was steady at CN¥37.39 over the past week. Announcement • Apr 04
Jiangsu Nata Opto-Electronic Material Co., Ltd. Proposes Final Cash Dividend for the Year 2024 On 3 April, 2025, Jiangsu Nata Opto-electronic Material Co., Ltd. announced profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.00000000. Announcement • Apr 03
Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, Apr 24, 2025 Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, Apr 24, 2025, at 14:30 China Standard Time. Location: No. 67, Shengpu Pingsheng Road, Suzhou Industrial Park, Suzhou, Jiangsu China Announcement • Mar 31
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.12 in 3Q 2022). Revenue: CN¥454.3m (up 10% from 3Q 2022). Net income: CN¥63.1m (down 5.5% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 4 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Sep 30
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Sep 20
Jiangsu Nata Opto-Electronic Material Co., Ltd. Approves Interim Cash Dividend for the 2024 Jiangsu Nata Opto-electronic Material Co., Ltd. at its EGM held on September 18, 2024 approved interim cash dividend of CNY 0.50000000 per 10 shares (tax included) for the 2024. Reported Earnings • Sep 01
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.12 in 3Q 2022). Revenue: CN¥454.3m (up 10% from 3Q 2022). Net income: CN¥63.1m (down 5.5% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 4 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 31
Jiangsu Nata Opto-Electronic Material Co., Ltd. Announces the Profit Distribution Proposal for the First Half of 2024 Jiangsu Nata Opto-electronic Material Co., Ltd. announced the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 0.50000000. Announcement • Jun 29
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 20
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 8.5% 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 Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥509.3m (up 28% from 1Q 2023). Net income: CN¥82.1m (up 9.5% from 1Q 2023). Profit margin: 16% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, May 07, 2024 Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, May 07, 2024, at 14:00 China Standard Time. Location: No. 67, Shengpu Pingsheng Road, Suzhou Industrial Park, Suzhou, Jiangsu China Reported Earnings • Apr 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.34 in FY 2022). Revenue: CN¥1.70b (up 7.7% from FY 2022). Net income: CN¥211.5m (up 13% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.29, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Dec 30
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 10, 2024 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 10, 2024 Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Decai Fang was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.12 in 3Q 2022). Revenue: CN¥454.3m (up 10% from 3Q 2022). Net income: CN¥63.1m (down 5.5% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
Jiangsu Nata Opto-Electronic Material Co., Ltd. Announces Implementation of 2023 Interim Profit Distribution Plan, Payable on 28 September 2023 Jiangsu Nata Opto-electronic Material Co., Ltd. announced implementation of 2023 interim profit distribution plan (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 27 September 2023. Ex-date: 28 September 2023. Payment date: 28 September 2023. Announcement • Sep 19
Jiangsu Nata Opto-Electronic Material Co., Ltd. Approves 2023 Interim Profit Distribution Plan Jiangsu Nata Opto-electronic Material Co., Ltd. approved 2023 interim profit distribution plan at the Extraordinary General Meeting of 2023 on 15 September 2023. The company approved Cash dividend/10 shares (tax included)CNY 0.50000000. Announcement • Sep 01
Jiangsu Nata Opto-Electronic Material Co., Ltd. Announces the Profit Distribution Proposal for the First Half of 2023 Jiangsu Nata Opto-electronic Material Co., Ltd. announced on 30 August 2023 the profit distribution proposal for the first half of 2023 as follows: Cash dividend per 10 shares (tax included) of CNY 0.50000000. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥428.0m (down 1.8% from 2Q 2022). Net income: CN¥77.3m (up 21% from 2Q 2022). Profit margin: 18% (up from 15% in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Jiangsu Nata Opto-electronic Material Co., Ltd. announced a financing transaction Jiangsu Nata Opto-electronic Material Co., Ltd. announced a private placement to issue shares at a par value of CNY 1 per share of not more than 30% of the total share capital for an aggregate gross proceeds of not more than 100.00% of the transaction consideration for purchasing assets by issuing shares on July 11, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors. The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved by the twenty-second meeting of the eighth board of directors. The transaction is still subject to approval from Shenzhen Stock Exchange and the China Securities Regulatory Commission. Price Target Changed • Jul 06
Price target increased by 185% to CN¥43.00 Up from CN¥15.08, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.39. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of CN¥0.46 for next year compared to CN¥0.34 last year. Reported Earnings • Mar 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.34 (up from CN¥0.26 in FY 2021). Revenue: CN¥1.58b (up 61% from FY 2021). Net income: CN¥186.7m (up 37% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.073 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.073 in 3Q 2021). Revenue: CN¥412.0m (up 55% from 3Q 2021). Net income: CN¥66.8m (up 74% from 3Q 2021). Profit margin: 16% (up from 14% in 3Q 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 44% per year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.08 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.08 in 2Q 2021). Revenue: CN¥436.1m (up 88% from 2Q 2021). Net income: CN¥63.7m (up 49% from 2Q 2021). Profit margin: 15% (down from 19% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 40% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Jiangsu Nata Opto-Electronic Material Co., Ltd. Announces 2021 Final Profit Distribution Plan on A Shares, Payable on 10 May 2022 Jiangsu Nata Opto-electronic Material Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 09 May 2022. Ex-date: 10 May 2022. Payment date: 10 May 2022. Reported Earnings • Apr 29
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥411.0m (up 95% from 1Q 2021). Net income: CN¥80.7m (up 89% from 1Q 2021). Profit margin: 20% (in line with 1Q 2021). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 12%, compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 24
Jiangsu Nata Opto-Electronic Material Co., Ltd. Approves Cash Dividend for the Year 2021 Jiangsu Nata Opto-electronic Material Co., Ltd. at its annual general meeting of 2021 held on 21 April 2022, approved 2021 profit distribution plan as cash dividend (tax included) of CNY 0.50000000 per ten shares. Announcement • Apr 02
Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, Apr 21, 2022 Jiangsu Nata Opto-electronic Material Co., Ltd., Annual General Meeting, Apr 21, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual report and its summary; to 2021 annual accounts; to Application for comprehensive credit line to financial institutions by the Company and its subsidiaries and estimated external guarantee quota; to Purchase of wealth management products with idle proprietary funds; to Reappointment of audit firm; to 2022 remuneration plan for supervisors; to Plan for issuance of convertible corporate bonds to non-specific parties; to Demonstration analysis report on issuance of convertible corporate bonds to non-specific parties; and to consider other matter. Reported Earnings • Apr 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.34 (up from CN¥0.22 in FY 2020). Revenue: CN¥984.4m (up 66% from FY 2020). Net income: CN¥136.2m (up 57% from FY 2020). Profit margin: 14% (in line with FY 2020). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 14%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 01
Nata Opto-Elect Announces Final Cash Dividend Proposal for 2021 Nata Opto-Elect announced on 31 March 2022 the final cash dividend proposal for 2021. Cash dividend/10 shares (tax included): CNY 0.50000000. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.095 (vs CN¥0.003 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥266.0m (up 59% from 3Q 2020). Net income: CN¥38.5m (up CN¥37.4m from 3Q 2020). Profit margin: 14% (up from 0.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.13 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥231.6m (up 63% from 2Q 2020). Net income: CN¥42.9m (down 20% from 2Q 2020). Profit margin: 19% (down from 38% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Jiangsu Nata Opto-Electronic Material Co., Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 27, 2021 Jiangsu Nata Opto-electronic Material Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares), payable on May 27, 2021. The company announced Cash dividend/10 shares (tax included) of CNY 0.40000000. Record date is May 26, 2021. Ex-date is May 27, 2021. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Announcement • May 16
Jiangsu Nata Opto-Electronic Material Co., Ltd. Approves Cash Dividend for 2020 Jiangsu Nata Opto-electronic Material Co., Ltd. approved cash dividend of CNY 0.40000000 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS CN¥0.11 The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥211.2m (up 77% from 1Q 2020). Net income: CN¥42.6m (up 22% from 1Q 2020). Profit margin: 20% (down from 29% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 37% per year. Is New 90 Day High Low • Mar 15
New 90-day low: CN¥28.30 The company is down 16% from a price of CN¥33.76 on 15 December 2020. Underperformed the Chinese market, which is flat over the last 90 days. Lagged the Chemicals industry, which is up 11% over the same period. Announcement • Mar 09
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Fiscal Year 2020 Results on Apr 22, 2021 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report fiscal year 2020 results on Apr 22, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥29.42 The company is down 11% from its price of CN¥33.09 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. Announcement • Jan 13
Jiangsu Nata Opto-Electronic Material Co., Ltd. Approves Directorate Elections Jiangsu Nata Opto-electronic Material Co., Ltd. at its EGM held on January 11, 2021 approved the election of Joseph Reiser and Wang Luping as non-independent directors. The company approved election of Yao Genyuan and Yang Jinning as non-employee supervisors. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥41.23 The company is up 12% from its price of CN¥36.88 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Announcement • Nov 07
Jiangsu Nata Opto-electronic Material Co., Ltd. announced that it expects to receive CNY 635 million in funding Jiangsu Nata Opto-electronic Material Co., Ltd. (SZSE:300346) announced a private placement of not more than 122,067,253 series A shares for a total gross proceeds of not more than CNY 635,000,000 on November 6, 2020. The transaction will include participation from not more than 35 specific investors. The number of A shares to be issued under the issuance shall not exceed 30% of the total share capital of the company prior to the issuance. The transaction is subject to approval by the shares holders of the company and the China Securities Regulatory Commission. The transaction has been approved at 30th meeting of the 7th directorate of the company. All the securities in the transaction will subject to a hold period of six month from the date of closing. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥99.1m, up 112% from the prior year. Total revenue was CN¥531.8m over the last 12 months, up 100% from the prior year. Is New 90 Day High Low • Oct 23
New 90-day low: CN¥33.21 The company is down 9.0% from its price of CN¥36.40 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Announcement • Oct 20
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Announcement • Oct 01
Jiangsu Nata Opto-electronic Material Co., Ltd. (SZSE:300346) agreed to acquire 17.07% stake in Shandong Feiyuan Gas Co., Ltd. from Shandong Huantai Lutai Road Engineering Co., Ltd. for CNY 36.9 million. Jiangsu Nata Opto-electronic Material Co., Ltd. (SZSE:300346) agreed to acquire 17.07% stake in Shandong Feiyuan Gas Co., Ltd. from Shandong Huantai Lutai Road Engineering Co., Ltd. for CNY 36.9 million on August 5, 2019. in related transaction, Jiangsu Nata Opto-electronic Material will use CNY 210 million to subscribe to CNY 62.68 million newly increased registered capital of Shandong Feiyuan Gas. Post completion, Jiangsu Nata Opto-electronic Material, Shandong Huantai Lutai Road Engineering, Song Xuezhang, Zhejiang Xinhu Chemical Technology Co., Ltd. and Zibo Feiyuan Chemical Co., Ltd. will hold 57.97%, 11.6%, 15.58%, 7.85% and 7.01% stake in Shandong Feiyuan Gas respectively.
As of December 31, 2018, Shandong Feiyuan Gas reported total assets of CNY 291.91 million, total common equity of CNY 62.14 million, revenue of CNY 107.69 million, negative EBIT of CNY 23.13 million and net loss of CNY 19.69 million. The transaction is subject to Jiangsu Nata Opto-electronic Material's shareholders approval. The transaction was approved by th board of directors of Jiangsu Nata Opto-electronic Material's 7th directorate in its 18th meeting held on August 5, 2019. As on August 21, 2019, the transaction was approved by the shareholders of Jiangsu Nata Opto-electronic Material. Announcement • Aug 13
Jiangsu Nata Opto-electronic Material Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Jiangsu Nata Opto-electronic Material Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 