Announcement • Jul 01
Xiamen Yanjan New Material Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Xiamen Yanjan New Material Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 17% 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 17% per year over the past 5 years. 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 (10% average weekly change). Declared Dividend • Jun 15
Dividend increased to CN¥0.06 Dividend of CN¥0.06 is 100% higher than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 60% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to CN¥13.92, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 111% over the past three years. New Risk • May 12
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: 0.6% 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: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 23
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.12 (up from CN¥0.08 in FY 2024). Revenue: CN¥1.74b (up 17% from FY 2024). Net income: CN¥40.5m (up 49% from FY 2024). Profit margin: 2.3% (up from 1.8% in FY 2024). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Announcement • Apr 23
Xiamen Yanjan New Material Co., Ltd., Annual General Meeting, May 15, 2026 Xiamen Yanjan New Material Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 5F, No. 666, Houdi Road, Industrial Cluster Area, Xiang'an District, Xiamen, Fujian China Announcement • Mar 31
Xiamen Yanjan New Material Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Xiamen Yanjan New Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Board Change • Jan 19
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. 6 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Yingbin Wang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 31
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 9.2% 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 (9.2% average weekly change). Minor Risks High level of debt (55% net debt to equity). Large one-off items impacting financial results. Announcement • Dec 31
Xiamen Yanjan New Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Xiamen Yanjan New Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 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 7.6% 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: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks High level of debt (55% net debt to equity). 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 (7.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.047 (vs CN¥0.018 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.047 (up from CN¥0.018 in 3Q 2024). Revenue: CN¥451.9m (up 17% from 3Q 2024). Net income: CN¥16.7m (up 209% from 3Q 2024). Profit margin: 3.7% (up from 1.4% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 30
Xiamen Yanjan New Material Co., Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Xiamen Yanjan New Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.047 (vs CN¥0.051 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.047 (down from CN¥0.051 in 2Q 2024). Revenue: CN¥406.9m (up 16% from 2Q 2024). Net income: CN¥14.7m (down 21% from 2Q 2024). Profit margin: 3.6% (down from 5.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Xiamen Yanjan New Material Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Xiamen Yanjan New Material Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • Jun 18
Dividend of CN¥0.03 announced Shareholders will receive a dividend of CN¥0.03. Ex-date: 23rd June 2025 Payment date: 23rd June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (82% 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 decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 9.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 26% EPS decline seen over the last 5 years. Announcement • Apr 23
Xiamen Yanjan New Material Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Xiamen Yanjan New Material Co., Ltd. proposed final cash dividend/10 shares (tax included) is CNY 0.300000 for the year 2024. Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.06 in FY 2023) Full year 2024 results: EPS: CN¥0.08 (up from CN¥0.06 in FY 2023). Revenue: CN¥1.48b (up 18% from FY 2023). Net income: CN¥27.3m (up 31% from FY 2023). Profit margin: 1.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Apr 21
Xiamen Yanjan New Material Co., Ltd., Annual General Meeting, May 15, 2025 Xiamen Yanjan New Material Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: 5F, No. 666, Houdi Road, Industrial Cluster Area, Xiang'an District, Xiamen, Fujian China Announcement • Mar 31
Xiamen Yanjan New Material Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Xiamen Yanjan New Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Xiamen Yanjan New Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Xiamen Yanjan New Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.022 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.018 (down from CN¥0.022 in 3Q 2023). Revenue: CN¥387.5m (up 7.4% from 3Q 2023). Net income: CN¥5.39m (down 30% from 3Q 2023). Profit margin: 1.4% (down from 2.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Xiamen Yanjan New Material Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Xiamen Yanjan New Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥5.61, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 21x in the Luxury industry in China. Total loss to shareholders of 35% over the past three years. New Risk • Sep 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 40% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (104% payout ratio). Profit margins are more than 30% lower than last year (2.0% net profit margin). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Yingbin Wang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Aug 30
Xiamen Yanjan New Material Co., Ltd. Proposes Interim Dividend for the First Half of 2024 Xiamen Yanjan New Material Co., Ltd. proposed interim cash dividend/10 shares (tax included) of CNY 0.40000000 for the first half of 2024. New Risk • Aug 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.05 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.05 in 2Q 2023). Revenue: CN¥350.6m (up 23% from 2Q 2023). Net income: CN¥18.6m (up 17% from 2Q 2023). Profit margin: 5.3% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Xiamen Yanjan New Material Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Xiamen Yanjan New Material Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 08
Xiamen Yanjan New Material Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 13 June 2024 Xiamen Yanjan New Material Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY0.35000000 on A shares for the year 2023. Record date is 12 June 2024. Ex-date is 13 June 2024. Payment date is 13 June 2024. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.13, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 20x in the Luxury industry in China. Total loss to shareholders of 59% over the past three years. New Risk • May 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 34% 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
Xiamen Yanjan New Material Co., Ltd., Annual General Meeting, May 20, 2024 Xiamen Yanjan New Material Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 5F, No. 666, Houdi Road, Industrial Cluster Area, Xiang'an District, Xiamen, Fujian China Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.10 in FY 2022) Full year 2023 results: EPS: CN¥0.06 (down from CN¥0.10 in FY 2022). Revenue: CN¥1.26b (up 2.3% from FY 2022). Net income: CN¥20.9m (down 29% from FY 2022). Profit margin: 1.7% (down from 2.4% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Apr 17
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 11% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥4.16, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 23x in the Luxury industry in China. Total loss to shareholders of 68% over the past three years. Announcement • Mar 30
Xiamen Yanjan New Material Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Xiamen Yanjan New Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Feb 20
Xiamen Yanjan New Material Co., Ltd. (SZSE:300658) announces an Equity Buyback for CNY 50 million worth of its shares. Xiamen Yanjan New Material Co., Ltd. (SZSE:300658) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 9.41 per share. The repurchased shares will be sold in accordance with relevant regulations, 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 own funds. The program will be valid for 3 months. Buy Or Sell Opportunity • Feb 08
Now 29% overvalued Over the last 90 days, the stock has fallen 40% to CN¥4.17. The fair value is estimated to be CN¥3.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has declined by 100%. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to CN¥4.08, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 21x in the Luxury industry in China. Total loss to shareholders of 63% over the past three years. New Risk • Feb 05
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 6.8% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.90, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 27x in the Luxury industry in China. Total loss to shareholders of 55% over the past three years. Announcement • Dec 29
Xiamen Yanjan New Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Xiamen Yanjan New Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.022 (vs CN¥0.01 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.022 (up from CN¥0.01 in 3Q 2022). Revenue: CN¥361.0m (up 24% from 3Q 2022). Net income: CN¥7.74m (up 74% from 3Q 2022). Profit margin: 2.1% (up from 1.5% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.034 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.034 in 2Q 2022). Revenue: CN¥285.0m (down 2.3% from 2Q 2022). Net income: CN¥15.9m (up 67% from 2Q 2022). Profit margin: 5.6% (up from 3.2% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.07 in FY 2021) Full year 2022 results: EPS: CN¥0.12 (up from CN¥0.07 in FY 2021). Revenue: CN¥1.23b (down 1.5% from FY 2021). Net income: CN¥29.4m (up 74% from FY 2021). Profit margin: 2.4% (up from 1.3% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.012 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.012 (in line with 3Q 2021). Revenue: CN¥292.4m (down 6.2% from 3Q 2021). Net income: CN¥4.45m (up 28% from 3Q 2021). Profit margin: 1.5% (up from 1.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.012 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.012 loss in 2Q 2021). Revenue: CN¥291.6m (up 8.7% from 2Q 2021). Net income: CN¥9.48m (up CN¥11.6m from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% 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. 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. 2 experienced directors. No highly experienced directors. Non-Independent Director Jihua Xie is the most experienced director on the board, commencing their role in 2021. 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 27
Third quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.05 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥311.9m (down 2.4% from 3Q 2020). Net income: CN¥3.49m (down 69% from 3Q 2020). Profit margin: 1.1% (down from 3.6% in 3Q 2020). 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. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CN¥0.012 loss per share (vs CN¥1.17 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥268.3m (down 60% from 2Q 2020). Net loss: CN¥2.14m (down 101% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥12.80, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 23x in the Luxury industry in China. Total returns to shareholders of 44% over the past three years. Upcoming Dividend • May 31
Upcoming dividend of CN¥0.65 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 07 June 2021. Trailing yield: 3.4%. Within top quartile of Chinese dividend payers (1.8%). Higher than average of industry peers (2.1%). Announcement • May 29
Xiamen Yanjan New Material Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on 7 June 2021 Xiamen Yanjan New Material Co., Ltd. announced final cash dividend (tax included) of CNY 6.50000000 per 10 shares (A shares) for the year 2020. The dividend is payable on 7 June 2021 to shareholders on record of 4 June 2021 with ex-date as 7 June 2021. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.041 (vs CN¥0.26 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥296.6m (up 8.1% from 1Q 2020). Net income: CN¥6.21m (down 84% from 1Q 2020). Profit margin: 2.1% (down from 14% 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 66% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥20.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Luxury industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.99 (vs CN¥0.55 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.59b (up 53% from FY 2019). Net income: CN¥299.5m (up 264% from FY 2019). Profit margin: 19% (up from 7.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 19
Xiamen Yanjan New Material Co., Ltd. announced that it expects to receive CNY 400 million in funding Xiamen Yanjan New Material Co., Ltd. (SZSE:300658) announced a private placement of up to CNY 400 million on March 18, 2021. The company will issue shares in the transaction. Announcement • Feb 24
Xiamen Yanjan New Material Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Xiamen Yanjan New Material Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥22.85, the stock is trading at a trailing P/E ratio of 10.3x, down from the previous P/E ratio of 12.4x. This compares to an average P/E of 26x in the Luxury industry in China. Total returns to shareholders over the past three years are 35%. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥24.23 The company is down 23% from its price of CN¥31.50 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 12% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥25.90, the stock is trading at a trailing P/E ratio of 11.7x, down from the previous P/E ratio of 14x. This compares to an average P/E of 25x in the Luxury industry in China. Total returns to shareholders over the past three years are 36%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥29.42, the stock is trading at a trailing P/E ratio of 13.3x, up from the previous P/E ratio of 11x. This compares to an average P/E of 28x in the Luxury industry in China. Total returns to shareholders over the past three years are 53%. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥29.34, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 11.5x. This compares to an average P/E of 29x in the Luxury industry in China. Total returns to shareholders over the past three years are 52%. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥26.11 The company is down 28% from its price of CN¥36.13 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: CN¥28.95 The company is down 2.0% from its price of CN¥29.65 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period. Valuation Update With 7 Day Price Move • Nov 05
Market pulls back on stock over the past week After last week's 20% share price decline to CN¥31.20, the stock is trading at a trailing P/E ratio of 14.3x, down from the previous P/E ratio of 17.8x. This compares to an average P/E of 31x in the Luxury industry in China. Total returns to shareholders over the past three years are 32%. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥334.3m, up 326% from the prior year. Total revenue was CN¥1.54b over the last 12 months, up 53% from the prior year. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 18% share price gain to CN¥40.50, the stock is trading at a trailing P/E ratio of 18x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 29x in the Luxury industry in China. Total returns to shareholders over the past three years are 88%. Is New 90 Day High Low • Oct 14
New 90-day high: CN¥40.50 The company is up 23% from its price of CN¥33.03 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 1.0% over the same period. Announcement • Aug 13
Xiamen Yanjan New Material Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Xiamen Yanjan New Material Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020