Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥6.46, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 52x in the Chemicals industry in China. Total returns to shareholders of 30% over the past three years. New Risk • Apr 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 24
Anhui Jiangnan Chemical Industry Co.,Ltd., Annual General Meeting, May 14, 2026 Anhui Jiangnan Chemical Industry Co.,Ltd., Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.29 (vs CN¥0.34 in FY 2024) Full year 2025 results: EPS: CN¥0.29 (down from CN¥0.34 in FY 2024). Revenue: CN¥9.98b (up 5.3% from FY 2024). Net income: CN¥757.5m (down 15% from FY 2024). Profit margin: 7.6% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥2.27b (flat on 3Q 2024). Net income: CN¥237.5m (down 28% from 3Q 2024). Profit margin: 11% (down from 15% in 3Q 2024). Revenue is forecast to grow 21% 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 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥6.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years. Announcement • Jul 02
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 18
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: 1.4% 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. This is currently the only risk that has been identified for the company. Announcement • Apr 17
Anhui Jiangnan Chemical Industry Co.,Ltd. (SZSE:002226) signed a letter of intent to acquire an additional 2.62% stake in Xinjiang Tianhe Chemical Co., Ltd. from Yang Qian, and Tao Hongxin for CNY 30 million. Anhui Jiangnan Chemical Industry Co.,Ltd. (SZSE:002226) signed a letter of intent to acquire an additional 2.62% stake in Xinjiang Tianhe Chemical Co., Ltd. from Yang Qian, and Tao Hongxin for CNY 30 million on April 17, 2025. Upon completion, Anhui Jiangnan Chemical Industry Co.,Ltd. will own 92.2335% stake in Xinjiang Tianhe Chemical Co., Ltd.
For the period ending December 31, 2024, Xinjiang Tianhe Chemical Co., Ltd. reported total revenue of CNY 2.12 billion and net income of CNY 396.71 million. As of December 31, 2024, Xinjiang Tianhe Chemical Co., Ltd. reported total assets of CNY 2.16 billion and total common equity of CNY 1.66 billion.
The deal has been approved by the board of Anhui Jiangnan Chemical Industry. Reported Earnings • Apr 17
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.34 (up from CN¥0.29 in FY 2023). Revenue: CN¥9.48b (up 6.6% from FY 2023). Net income: CN¥891.0m (up 15% from FY 2023). Profit margin: 9.4% (up from 8.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 17
Anhui Jiangnan Chemical Industry Co.,Ltd., Annual General Meeting, May 08, 2025 Anhui Jiangnan Chemical Industry Co.,Ltd., Annual General Meeting, May 08, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Board Change • Apr 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Xiao Fang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Jan 23
Sichuan Yongshengtong Enterprise Management Services Co., Ltd. completed the acquisition of 55% stake in Sichuan Nanbu Yongsheng Chemical Co., Ltd. from Anhui Jiangnan Chemical Industry Co.,Ltd. (SZSE:002226). Sichuan Yongshengtong Enterprise Management Services Co., Ltd. signed a letter of intent to acquire 55% stake in Sichuan Nanbu Yongsheng Chemical Co., Ltd. from Anhui Jiangnan Chemical Industry Co.,Ltd. (SZSE:002226) for approximately CNY 170 million on December 13, 2024. Sichuan Yongshengtong Enterprise Management Services Co., Ltd. entered into equity transfer contract to acquire 55% stake in Sichuan Nanbu Yongsheng Chemical Co., Ltd. from Anhui Jiangnan Chemical Industry Co.,Ltd. (SZSE:002226) on December 18, 2024. The transaction was listed and publicized on the Chongqing Stock Exchange. On December 13, 2024, Anhui Jiangnan Chemical Industry received the "Transaction Result Notice" from the Chongqing Stock Exchange, confirming that the transferee of this transaction is Sichuan Yongshengtong Enterprise Management Services Co., Ltd. After the successful completion of this transaction, Anhui Jiangnan Chemical Industry will no longer hold shares in Sichuan Nanbu Yongsheng, and Sichuan Nanbu Yongsheng will no longer be included in the company's consolidated financial statements.
This transaction was approved at the 33rd meeting of the 6th Board of Directors of Anhui Jiangnan Chemical Industry held on September 29, 2024.
Sichuan Yongshengtong Enterprise Management Services Co., Ltd. completed the acquisition of 55% stake in Sichuan Nanbu Yongsheng Chemical Co., Ltd. from Anhui Jiangnan Chemical Industry Co.,Ltd. (SZSE:002226) on January 21, 2025. Announcement • Dec 31
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.072 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.072 in 3Q 2023). Revenue: CN¥2.25b (up 10% from 3Q 2023). Net income: CN¥332.0m (up 74% from 3Q 2023). Profit margin: 15% (up from 9.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% 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 fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 4.3% over the past three years. Announcement • Sep 30
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥4.58, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 19% over the past three years. Announcement • Sep 21
Anhui Jiangnan Chemical Industry Co.,Ltd. Approves Interim Cash Dividend Anhui Jiangnan Chemical Industry Co.,Ltd. announced that at the third extraordinary general meeting of 2024 on 19 September 2024, approved interim cash dividend/10 shares (tax included): CNY 0.10000000. Announcement • Aug 30
Anhui Jiangnan Chemical Industry Co.,Ltd. Announces the Profit Distribution Proposal for the First Half of 2024 Anhui Jiangnan Chemical Industry Co.,Ltd. announced on 29 August 2024 the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 0.10000000. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.15 in 2Q 2023). Revenue: CN¥2.47b (down 15% from 2Q 2023). Net income: CN¥273.3m (down 31% from 2Q 2023). Profit margin: 11% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% 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 fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jun 29
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 31
Dividend of CN¥0.06 announced Dividend of CN¥0.06 is the same as last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 30
Anhui Jiangnan Chemical Industry Co.,Ltd. Announces Dividend Implementation for 2023, Payable on 06 June 2024 Anhui Jiangnan Chemical Industry Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.60000000 Record date: 05 June 2024; Ex-date: 06 June 2024; Payment date: 06 June 2024. Price Target Changed • May 24
Price target increased by 11% to CN¥7.00 Up from CN¥6.30, the current price target is provided by 1 analyst. New target price is 44% above last closing price of CN¥4.87. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.29 last year. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.042 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.055 (up from CN¥0.042 in 1Q 2023). Revenue: CN¥1.98b (up 29% from 1Q 2023). Net income: CN¥144.5m (up 29% from 1Q 2023). Profit margin: 7.3% (in line with 1Q 2023). Revenue is forecast to grow 11% 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 fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 30
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Mar 23
Anhui Jiangnan Chemical Industry Co.,Ltd., Annual General Meeting, Apr 12, 2024 Anhui Jiangnan Chemical Industry Co.,Ltd., Annual General Meeting, Apr 12, 2024, at 14:00 China Standard Time. Reported Earnings • Mar 23
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.29 (up from CN¥0.17 in FY 2022). Revenue: CN¥8.89b (up 26% from FY 2022). Net income: CN¥773.1m (up 71% from FY 2022). Profit margin: 8.7% (up from 6.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.38, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.072 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥2.04b (up 8.5% from 3Q 2022). Net income: CN¥191.0m (down 31% from 3Q 2022). Profit margin: 9.4% (down from 15% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 30
Anhui Jiangnan Chemical Industry Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Anhui Jiangnan Chemical Industry Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥2.90b (up 33% from 2Q 2022). Net income: CN¥397.4m (down 1.7% from 2Q 2022). Profit margin: 14% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Announcement • Jun 07
Anhui Jiangnan Chemical Industry Co.,Ltd. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 14 June 2023 Anhui Jiangnan Chemical Industry Co.,Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.6000000. Record date: 13 June 2023, Ex-date: 14 June 2023, Payment date: 14 June 2023. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.40 in FY 2021) Full year 2022 results: EPS: CN¥0.17 (down from CN¥0.40 in FY 2021). Revenue: CN¥7.04b (up 8.7% from FY 2021). Net income: CN¥452.2m (down 57% from FY 2021). Profit margin: 6.4% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. President & Director Yuehua Shen is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10. Revenue: CN¥1.88b (up 49% from 3Q 2021). Net income: CN¥276.2m (up 44% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.11 in 2Q 2021). Revenue: CN¥2.18b (up 60% from 2Q 2021). Net income: CN¥404.1m (up 103% from 2Q 2021). Profit margin: 19% (up from 15% in 2Q 2021). 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 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 10
Anhui Jiangnan Chemical Industry Co., Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on June 16, 2022 Anhui Jiangnan Chemical Industry Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.60000000 on A shares for the year 2021. Record date is June 15, 2022. Ex-date is June 16, 2022. Payment date is June 16, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.059 (vs CN¥0.075 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.059. Revenue: CN¥1.47b (up 47% from 1Q 2021). Net income: CN¥157.3m (up 20% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Non-Employee Supervisor Yan Bo is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 21
Anhui Jiangnan Chemical Industry Co., Ltd. Approves Cash Dividend for the Year 2021 Anhui Jiangnan Chemical Industry Co., Ltd. approved Cash dividend per ten shares (tax included) of CNY 0.60000000 for the year 2021, at its Annual General Meeting of 2021 on 19 April 2022. Announcement • Mar 30
Anhui Jiangnan Chemical Industry Co., Ltd. Proposes Cash Dividend for 2021 Anhui Jiangnan Chemical Industry Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY 0.60000000. Announcement • Mar 29
Anhui Jiangnan Chemical Industry Co., Ltd. (SZSE:002226) agreed to acquire a 60% stake in EKSPLOZIVI RUDEX D.O.O. Anhui Jiangnan Chemical Industry Co., Ltd. (SZSE:002226) agreed to acquire a 60% stake in EKSPLOZIVI RUDEX D.O.O. on March 28, 2022. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.67, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 43% over the past three years. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: CN¥6.48b (up 65% from FY 2020). Net income: CN¥1.05b (up 136% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.10 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.26b (up 15% from 3Q 2020). Net income: CN¥191.7m (up 4.0% from 3Q 2020). Profit margin: 15% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥5.68, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 12% over the past year. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.11 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.36b (up 32% from 2Q 2020). Net income: CN¥198.6m (up 5.8% from 2Q 2020). Profit margin: 15% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • May 21
Anhui Jiangnan Chemical Industry Co., Ltd. Announces 2020 Final Distribution on A Shares, Payable on May 25, 2021 Anhui Jiangnan Chemical Industry Co., Ltd. announced 2020 final distribution plan to be implemented (A shares). The company announced Cash dividend per 10 shares (tax included) is CNY 0.55000000. Record date: 24 May 2021. Ex-date: 25 May 2021. Payment date: 25 May 2021. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.018 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.00b (up 74% from 1Q 2020). Net income: CN¥131.2m (up 473% from 1Q 2020). Profit margin: 13% (up from 4.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.36 (vs CN¥0.32 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥3.92b (up 7.9% from FY 2019). Net income: CN¥446.8m (up 10% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
Anhui Jiangnan Chemical Industry Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021 Anhui Jiangnan Chemical Industry Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Jan 11
New 90-day low: CN¥6.30 The company is down 14% from its price of CN¥7.35 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: CN¥7.49 The company is up 11% from its price of CN¥6.76 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 3.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥437.3m, up 19% from the prior year. Total revenue was CN¥3.89b over the last 12 months, up 18% from the prior year. Announcement • Oct 17
Anhui Jiangnan Chemical Industry Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Anhui Jiangnan Chemical Industry Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Aug 11
Anhui Jiangnan Chemical Industry Co., Ltd. (SZSE:002226) entered into an agreement to acquire North Blasting/Beifang Mining/North Mining/Shaanxi Qinghua/Guangxi Jinjianhua from a group of seller. Anhui Jiangnan Chemical Industry Co., Ltd. (SZSE:002226) entered into an agreement to acquire North Blasting/Beifang Mining/North Mining/Shaanxi Qinghua/Guangxi Jinjianhua from a group of seller on August 7, 2020. Under the term, Anhui Jiangnan Chemical Industry will pay ordinary A shares as a consideration with a purchase price of CNY 4.98 per share. The number of shares to be issued in this transaction has not yet been finalized. Post completion, North Blasting Technology Co., Ltd., Beifang Mining Services Company Limited and North Mining Investments Pte. Ltd. will become Anhui Jiangnan Chemical Industry's wholly-owned subsidiaries. Shaanxi Qinghua Vehicle Safety Systems Co., Ltd. and Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. will become Anhui Jiangnan Chemical Industry's holding subsidiary. Announcement • Aug 02
Anhui Jiangnan Chemical Industry Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Anhui Jiangnan Chemical Industry Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
