Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Chemicals industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.65 per share. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥20.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.54 per share. Declared Dividend • May 18
Dividend reduced to CN¥0.20 Dividend of CN¥0.20 is 76% lower than last year. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 179% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 15
Price target decreased by 7.1% to CN¥26.98 Down from CN¥29.05, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥22.66. Stock is down 3.9% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥0.63 last year. Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.63 (down from CN¥1.01 in FY 2024). Revenue: CN¥4.91b (down 7.4% from FY 2024). Net income: CN¥347.1m (down 38% from FY 2024). Profit margin: 7.1% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 19% 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 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 15
Anhui Jinhe Industrial Co.,Ltd., Annual General Meeting, May 07, 2026 Anhui Jinhe Industrial Co.,Ltd., Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: 6F, Executive Office Building, Area C, No. 127, Chengdong Avenue, Lai'an County, Chuzhou, Anhui China Buy Or Sell Opportunity • Apr 03
Now 24% undervalued Over the last 90 days, the stock has risen 9.8% to CN¥22.80. The fair value is estimated to be CN¥30.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 176% in the next 2 years. Announcement • Mar 31
Anhui Jinhe Industrial Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Anhui Jinhe Industrial Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Mar 19
Now 23% undervalued Over the last 90 days, the stock has risen 7.9% to CN¥22.51. The fair value is estimated to be CN¥29.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 176% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥27.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 27x in the Chemicals industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.93 per share. Buy Or Sell Opportunity • Jan 14
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to CN¥21.58. The fair value is estimated to be CN¥27.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 183% in the next 2 years. Announcement • Dec 31
Anhui Jinhe Industrial Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 Anhui Jinhe Industrial Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.30 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.30 in 3Q 2024). Revenue: CN¥1.10b (down 27% from 3Q 2024). Net income: CN¥56.8m (down 65% from 3Q 2024). Profit margin: 5.2% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Anhui Jinhe Industrial Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Anhui Jinhe Industrial Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.21 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.21 in 2Q 2024). Revenue: CN¥1.14b (down 14% from 2Q 2024). Net income: CN¥92.3m (down 22% from 2Q 2024). Profit margin: 8.1% (down from 8.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% 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 fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Anhui Jinhe Industrial Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Anhui Jinhe Industrial Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • May 17
Dividend increased to CN¥0.83 Dividend of CN¥0.83 is 315% higher than last year. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 106% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 13
Anhui Jinhe Industrial Co.,Ltd. Approves Cash Dividend for the Year 2024 Anhui Jinhe Industrial Co.,Ltd. at its AGM held on May 9, 2025 approved cash dividend of CNY 8.30 per 10 shares (tax included) for the year 2024. Board Change • May 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. 7 experienced directors. 3 highly experienced directors. Independent Director Xiaoming Hu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Apr 27
Price target increased by 7.5% to CN¥29.05 Up from CN¥27.02, the current price target is an average from 4 analysts. New target price is 17% above last closing price of CN¥24.90. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥1.93 for next year compared to CN¥1.01 last year. Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.01 (down from CN¥1.27 in FY 2023). Revenue: CN¥5.30b (flat on FY 2023). Net income: CN¥556.7m (down 21% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 15% 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 36% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Apr 19
Anhui Jinhe Industrial Co.,Ltd. Proposes Final Cash Dividend for 2024 Anhui Jinhe Industrial Co.,Ltd. announced on 18 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 8.30000000. Announcement • Apr 18
Anhui Jinhe Industrial Co.,Ltd., Annual General Meeting, May 09, 2025 Anhui Jinhe Industrial Co.,Ltd., Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: 6F, Executive Office Building, Area C, No. 127, Chengdong Street, Lai'an County, Chuzhou, Anhui China Announcement • Mar 31
Anhui Jinhe Industrial Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Anhui Jinhe Industrial Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Anhui Jinhe Industrial Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Anhui Jinhe Industrial Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.29 in 3Q 2023). Revenue: CN¥1.50b (up 6.0% from 3Q 2023). Net income: CN¥162.1m (up 1.2% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 15% 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 fallen by 26% per year whereas the company’s share price has fallen by 22% per year. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.35, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.32 per share. New Risk • Sep 30
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 7.0% 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 High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Sep 30
Anhui Jinhe Industrial Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Anhui Jinhe Industrial Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.29 in 2Q 2023). Revenue: CN¥1.32b (up 2.6% from 2Q 2023). Net income: CN¥117.9m (down 25% from 2Q 2023). Profit margin: 8.9% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 14% per year and the company’s share price has also fallen by 14% per year. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.09 per share. Announcement • Jun 29
Anhui Jinhe Industrial Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Anhui Jinhe Industrial Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jun 13
Now 22% undervalued Over the last 90 days, the stock has risen 12% to CN¥20.44. The fair value is estimated to be CN¥26.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Declared Dividend • May 20
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (19% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 91% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 04
Consensus revenue estimates increase by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥5.33b to CN¥6.27b. EPS estimate unchanged at CN¥1.42. Net income forecast to grow 15% next year vs 56% growth forecast for Chemicals industry in China. Consensus price target up from CN¥25.76 to CN¥26.95. Share price rose 8.9% to CN¥24.61 over the past week. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.44 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.44 in 1Q 2023). Revenue: CN¥1.21b (down 12% from 1Q 2023). Net income: CN¥129.2m (down 47% from 1Q 2023). Profit margin: 11% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% 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 fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Apr 29
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥24.39. The fair value is estimated to be CN¥19.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.34b to CN¥6.10b. EPS estimate also fell from CN¥1.86 per share to CN¥1.39 per share. Net income forecast to grow 14% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥25.76. Share price rose 3.3% to CN¥21.82 over the past week. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.27 (down from CN¥3.05 in FY 2022). Revenue: CN¥5.31b (down 27% from FY 2022). Net income: CN¥704.2m (down 59% from FY 2022). Profit margin: 13% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 6.2%. Revenue is forecast to grow 8.6% 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 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 16
Anhui Jinhe Industrial Co.,Ltd., Annual General Meeting, May 10, 2024 Anhui Jinhe Industrial Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: 6F, Executive Office Building, Area C, No. 127, Chengdong Avenue, Lai'an County, Chuzhou, Anhui China Announcement • Mar 30
Anhui Jinhe Industrial Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Anhui Jinhe Industrial Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.78 per share. Announcement • Dec 29
Anhui Jinhe Industrial Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Anhui Jinhe Industrial Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.85 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.85 in 3Q 2022). Revenue: CN¥1.42b (down 26% from 3Q 2022). Net income: CN¥160.2m (down 67% from 3Q 2022). Profit margin: 11% (down from 25% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% 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 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Anhui Jinhe Industrial Co.,Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Anhui Jinhe Industrial Co.,Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Price Target Changed • Sep 06
Price target decreased by 9.4% to CN¥27.70 Down from CN¥30.57, the current price target is an average from 5 analysts. New target price is 21% above last closing price of CN¥22.91. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥1.72 for next year compared to CN¥3.05 last year. Price Target Changed • Sep 01
Price target decreased by 7.9% to CN¥29.17 Down from CN¥31.67, the current price target is an average from 5 analysts. New target price is 31% above last closing price of CN¥22.20. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥3.05 last year. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.74 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.74 in 2Q 2022). Revenue: CN¥1.29b (down 24% from 2Q 2022). Net income: CN¥158.0m (down 62% from 2Q 2022). Profit margin: 12% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% 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 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 23
Anhui Jinhe Industrial Co.,Ltd. Approves Cash Dividend Anhui Jinhe Industrial Co.,Ltd. held its Annual General Meeting of 2022 on 19 May 2023, during which it approved: Cash dividend/10 shares (tax included): CNY 8.00000000. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.79 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.44 (down from CN¥0.79 in 1Q 2022). Revenue: CN¥1.38b (down 27% from 1Q 2022). Net income: CN¥245.3m (down 45% from 1Q 2022). Profit margin: 18% (down from 23% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% 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 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 08
Price target decreased by 8.1% to CN¥49.72 Down from CN¥54.09, the current price target is an average from 4 analysts. New target price is 50% above last closing price of CN¥33.06. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥3.17 for next year compared to CN¥2.10 last year. Announcement • Jan 07
Anhui Jinhe Industrial Co.,Ltd. (SZSE:002597) announces an Equity Buyback for CNY 200 million worth of its shares. Anhui Jinhe Industrial Co.,Ltd. (SZSE:002597) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 50 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds. The program will be valid for 12 months. Board Change • Nov 16
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. Independent Director Wang Yuchun 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 18
Third quarter 2022 earnings released: EPS: CN¥0.85 (vs CN¥0.49 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.85 (up from CN¥0.49 in 3Q 2021). Revenue: CN¥1.93b (up 25% from 3Q 2021). Net income: CN¥478.9m (up 75% from 3Q 2021). Profit margin: 25% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% 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 31% per year whereas the company’s share price has increased by 29% per year. Announcement • Sep 26
Anhui Jinhe Industrial Co.,Ltd. (SZSE:002597) announces an Equity Buyback for CNY 100 million worth of its shares. Anhui Jinhe Industrial Co.,Ltd. (SZSE:002597) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The share swill be repurchased at CNY 60 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be valid for 12 months. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.74 (vs CN¥0.41 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.74 (up from CN¥0.41 in 2Q 2021). Revenue: CN¥1.70b (up 27% from 2Q 2021). Net income: CN¥411.8m (up 80% from 2Q 2021). Profit margin: 24% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10.0%, compared to a 42% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 28
Price target decreased to CN¥51.16 Down from CN¥55.88, the current price target is an average from 6 analysts. New target price is 21% above last closing price of CN¥42.38. Stock is up 22% over the past year. The company is forecast to post earnings per share of CN¥3.23 for next year compared to CN¥2.10 last year. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.79 (up from CN¥0.37 in 1Q 2021). Revenue: CN¥1.90b (up 67% from 1Q 2021). Net income: CN¥441.9m (up 110% from 1Q 2021). Profit margin: 23% (up from 19% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 13%, compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
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. Independent Director Min Chu is the most experienced director on the board, commencing their role in 2022. 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 26
Anhui Jinhe Industrial Co.,Ltd. Proposes Final Cash Dividend on A Shares for the Year 2021, Payable on April 29, 2022 Anhui Jinhe Industrial Co.,Ltd. proposed final cash dividend per ten shares (tax included) on A shares of CNY 6.50000000 for the year 2021, payable on April 29, 2022. Record date to be April 28, 2022. Ex-date to be April 29, 2022. Announcement • Apr 20
Anhui Jinhe Industrial Co.,Ltd. Approves Cash Dividend for 2021 Anhui Jinhe Industrial Co.,Ltd. approved the cash dividend distribution proposal for 2021 of CNY 6.50000000 per 10 shares (tax included) in Annual General Meeting of 2021 held on 15 April 2022. Announcement • Apr 19
Anhui Jinhe Industrial Co.,Ltd. Approves Executive Changes Anhui Jinhe Industrial Co.,Ltd. elected non-independent directors: Yang Le, Tao Changwen and Sun Qingyuan. The election of independent directors includes: Xing Xianjun, Hu Xiaoming and Chu Min. THE Election of non-employee supervisors includes: Yang Chenghu. The elections are approved in Annual General Meeting of 2021 held on 15 April 2022. Major Estimate Revision • Mar 24
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥6.96b to CN¥7.38b. EPS estimate increased from CN¥2.56 to CN¥3.22 per share. Net income forecast to grow 53% next year vs 44% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥55.88. Share price rose 5.3% to CN¥40.36 over the past week. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥2.09 (up from CN¥1.29 in FY 2020). Revenue: CN¥5.85b (up 59% from FY 2020). Net income: CN¥1.17b (up 63% from FY 2020). Profit margin: 20% (in line with FY 2020). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 37%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥45.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.0% per annum over the last 3 years. Price Target Changed • Jan 04
Price target increased to CN¥56.86 Up from CN¥51.39, the current price target is an average from 8 analysts. New target price is 20% above last closing price of CN¥47.40. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥1.85 for next year compared to CN¥1.29 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.31 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¥1.54b (up 75% from 3Q 2020). Net income: CN¥274.1m (up 55% from 3Q 2020). Profit margin: 18% (down from 20% in 3Q 2020). 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 but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Price Target Changed • Oct 31
Price target increased to CN¥45.42 Up from CN¥41.11, the current price target is an average from 8 analysts. New target price is 5.5% below last closing price of CN¥48.08. Stock is up 69% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.29 last year. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥40.82, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 172% over the past three years. Announcement • Sep 02
Yang Le entered into an agreement to acquire 60% stake in Nanjing Jinhe Yikang Biotechnology Co., Ltd., from Anhui Jinhe Industrial Co., Ltd. (SZSE:002597) for CNY 12 million. Yang Le entered into an agreement to acquire 60% stake in Nanjing Jinhe Yikang Biotechnology Co., Ltd., from Anhui Jinhe Industrial Co., Ltd. (SZSE:002597) for CNY 12 million on August 29, 2021. As a result of the transaction, stake of Anhui Jinhe Industrial Co., Ltd., in Nanjing Jinhe Yikang Biotechnology Co., Ltd., will be decreased from 100% to 40%. In addition, post completion of the transaction, Yang Le shall also carry out a capital increase, pursuant to which the share capital of Nanjing Jinhe Yikang Biotechnology Co., Ltd., will be increased and consequently stake of Anhui Jinhe Industrial Co., Ltd., will be decreased to 30%, whereas the stake of Yang Le will be increased to 70%. As of June 30, 2021, Nanjing Jinhe Yikang Biotechnology Co., Ltd., had total assets of CNY 41.7 million and net assets of CNY 2.79 million. The eighteenth meeting of the fifth board of directors of Anhui Jinhe Industrial Co., Ltd., held on August 29, 2021 deliberated and passed the transaction. The related director Yang Le has to avoid voting on this motion. The transaction does not need to be submitted to Anhui Jinhe Industrial Co., Ltd.'s shareholders meeting for deliberation. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.37 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¥1.34b (up 38% from 2Q 2020). Net income: CN¥229.1m (up 12% from 2Q 2020). Profit margin: 17% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥34.63, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.74 per share. Announcement • May 15
Anhui Jinhe Industrial Co., Ltd. Announces Final Cash Dividend for Year of 2020, Payable on 21 May 2021 Anhui Jinhe Industrial Co., Ltd. announced final cash dividend of CNY 4.50 per ten A shares (tax included) for year of 2020, payable on 21 May 2021. The record date is 20 May 2021 and the ex-date is 21 May 2021. Announcement • May 08
Anhui Jinhe Industrial Co., Ltd. Approves Cash dividend for 2020 Anhui Jinhe Industrial Co., Ltd. at its AGM held on 06 May 2021 approved Cash dividend/10 shares (tax included) of CNY 4.50000000 for year of 2020. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.27 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥1.14b (up 33% from 1Q 2020). Net income: CN¥210.2m (up 38% from 1Q 2020). Profit margin: 19% (in line with 1Q 2020). 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 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥31.39, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.99 per share. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS CN¥1.29 (vs CN¥1.45 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥3.67b (down 7.7% from FY 2019). Net income: CN¥718.5m (down 11% from FY 2019). Profit margin: 20% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥40.95, the stock is trading at a trailing P/E ratio of 31.5x, down from the previous P/E ratio of 39.9x. This compares to an average P/E of 37x in the Chemicals industry in China. Total returns to shareholders over the past three years are 64%. Announcement • Feb 24
Anhui Jinhe Industrial Co., Ltd. to Report Fiscal Year 2020 Results on Apr 09, 2021 Anhui Jinhe Industrial Co., Ltd. announced that they will report fiscal year 2020 results on Apr 09, 2021 Is New 90 Day High Low • Feb 09
New 90-day high: CN¥51.68 The company is up 55% from its price of CN¥33.26 on 11 November 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.70 per share. Is New 90 Day High Low • Jan 21
New 90-day high: CN¥43.13 The company is up 38% from its price of CN¥31.19 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.62 per share. 
