New Risk • Apr 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Apr 28
Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 28, 2026 Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.04 in FY 2024) Full year 2025 results: EPS: CN¥0.06 (up from CN¥0.04 in FY 2024). Revenue: CN¥1.19b (down 22% from FY 2024). Net income: CN¥58.9m (up 30% from FY 2024). Profit margin: 5.0% (up from 3.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Oct 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Sep 30
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 20
Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) announces an Equity Buyback for CNY 200 million worth of its shares. Shanghai Shunho New Materials Technology Co.,Ltd. d. (SZSE:002565) announces a share repurchase program. Under the program, the company will repurchase CNY 200 million worth of its shares. The shares will be repurchased at a CNY 11.82 per share. The program will be financed via special Repurchase Loans and Own Funds. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be valid for 12 months. Announcement • Sep 08
Shanghai Shunho New Materials Technology Co.,Ltd. Elects Zhang Shancong as A Non-Independent Director Shanghai Shunho New Materials Technology Co.,Ltd. IN its 1st Extraordinary General Meeting of 2025 on 05 September 2025, approved the Election of Zhang Shancong as a non-independent director. Buy Or Sell Opportunity • Aug 25
Now 23% undervalued Over the last 90 days, the stock has risen 98% to CN¥8.18. The fair value is estimated to be CN¥10.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.007 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.019 (up from CN¥0.007 in 2Q 2024). Revenue: CN¥294.4m (down 13% from 2Q 2024). Net income: CN¥20.0m (up 167% from 2Q 2024). Profit margin: 6.8% (up from 2.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Shanghai Shunho New Materials Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (116% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • May 31
Shanghai Shunho New Materials Technology Co.,Ltd. Approves Cash Dividend for 2024 Shanghai Shunho New Materials Technology Co.,Ltd. approved a cash dividend of CNY 0.40000000 per 10 shares (tax included) for 2024, at its 2024 AGM held on May 29, 2025. Announcement • Apr 29
Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 29, 2025 Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥3.70, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 31x in the Packaging industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Mar 31
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 05
Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) announces an Equity Buyback for CNY 100 million worth of its shares. Shanghai Shunho New Materials Technology Co.,Ltd. d. (SZSE:002565) announces a share repurchase program. Under the program, the company will repurchase CNY 100 million worth of its shares. The shares will be repurchased at a CNY 4.55 per share.The program will be financed via special repurchase loan funds and the company's own funds. The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase program is valid for 12 months. Announcement • Dec 31
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥3.87, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 32x in the Packaging industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.027 (up from CN¥0.02 in 3Q 2023). Revenue: CN¥426.2m (down 3.9% from 3Q 2023). Net income: CN¥28.9m (up 35% from 3Q 2023). Profit margin: 6.8% (up from 4.8% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 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¥3.02, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 27x in the Packaging industry in China. Total loss to shareholders of 30% over the past three years. New Risk • Sep 03
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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (7.1% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.001 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.001 loss in 2Q 2023). Revenue: CN¥340.1m (up 22% from 2Q 2023). Net income: CN¥7.48m (up CN¥8.74m from 2Q 2023). Profit margin: 2.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Shanghai Shunho New Materials Technology Co.,Ltd. Appoints Ma Duanzheng as Non-Employee Supervisor Shanghai Shunho New Materials Technology Co.,Ltd. at its Extra Ordinary General Meeting held on June 28, 2024, approved the appointment of Ma Duanzheng as non-employee supervisor. Announcement • Jun 29
Shanghai Shunho New Materials Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Announcement • May 01
Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 27, 2024 Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 27, 2024, at 14:00 China Standard Time. Location: 1F, No. 200, Zhenchen Road, Putuo District, Shanghai China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.008 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.019 (up from CN¥0.008 in 1Q 2023). Revenue: CN¥365.4m (up 31% from 1Q 2023). Net income: CN¥19.6m (up 136% from 1Q 2023). Profit margin: 5.4% (up from 3.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Buy Or Sell Opportunity • Feb 23
Now 23% overvalued Over the last 90 days, the stock has fallen 22% to CN¥2.73. The fair value is estimated to be CN¥2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has grown by 26%. Announcement • Dec 29
Shanghai Shunho New Materials Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.002 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (up from CN¥0.002 loss in 3Q 2022). Revenue: CN¥443.5m (up 24% from 3Q 2022). Net income: CN¥21.4m (up CN¥23.5m from 3Q 2022). Profit margin: 4.8% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2023 earnings released: CN¥0.001 loss per share (vs CN¥0.002 profit in 2Q 2022) Second quarter 2023 results: CN¥0.001 loss per share (down from CN¥0.002 profit in 2Q 2022). Revenue: CN¥278.1m (down 6.7% from 2Q 2022). Net loss: CN¥1.26m (down 149% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Shanghai Shunho New Materials Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.008 (vs CN¥0.003 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.008 (up from CN¥0.003 loss in 1Q 2022). Revenue: CN¥278.9m (down 22% from 1Q 2022). Net income: CN¥8.30m (up CN¥11.2m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Independent Director Hongbing Xie 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. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.012 loss in 3Q 2021) Third quarter 2022 results: CN¥0.002 loss per share (improved from CN¥0.012 loss in 3Q 2021). Revenue: CN¥358.8m (up 6.9% from 3Q 2021). Net loss: CN¥2.08m (loss narrowed 84% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.001 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.002 (up from CN¥0.001 in 2Q 2021). Revenue: CN¥298.1m (down 17% from 2Q 2021). Net income: CN¥2.55m (up 60% from 2Q 2021). Profit margin: 0.9% (up from 0.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buying Opportunity • Jun 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be CN¥6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jun 15
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CN¥6.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 07
Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 25, 2022 Shanghai Shunho New Materials Technology Co.,Ltd., Annual General Meeting, May 25, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider the special report on the deposit and use of raised funds in 2021; to consider an appointment of audit firm; to consider the securities investment with idle proprietary funds; and to consider the remuneration plan for directors, supervisors and senior management. Reported Earnings • May 02
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: CN¥0.003 loss per share (down from CN¥0.001 profit in 1Q 2021). Revenue: CN¥357.3m (down 20% from 1Q 2021). Net loss: CN¥2.89m (down 349% from profit in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non Independent Director Yun Bo Du was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.012 loss per share (vs CN¥0.005 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥335.7m (down 17% from 3Q 2020). Net loss: CN¥12.6m (down 328% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.009 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥359.3m (down 21% from 2Q 2020). Net income: CN¥1.59m (down 82% from 2Q 2020). Profit margin: 0.4% (down from 2.0% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Aug 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non Independent Director Yun Bo Du was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.007 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥448.7m (up 70% from 1Q 2020). Net income: CN¥1.16m (up CN¥9.10m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.01 (vs CN¥0.19 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.60b (down 7.8% from FY 2019). Net income: CN¥7.83m (up CN¥206.2m from FY 2019). Profit margin: 0.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥4.13 The company is down 16% from its price of CN¥4.90 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 Packaging industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥4.27 The company is down 12% from its price of CN¥4.86 on 25 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 Packaging industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥4.38 The company is down 18% from its price of CN¥5.34 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 5.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥265.2m, with earnings decreasing by CN¥372.8m from the prior year. Total revenue was CN¥1.56b over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 15
New 90-day low: CN¥4.65 The company is down 14% from its price of CN¥5.43 on 17 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥4.91 The company is down 7.0% from its price of CN¥5.28 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 20% over the same period. Announcement • Sep 22
Tonghe County Mingyu New Environmental Protection Building Materials Co., Ltd. entered into Equity Transfer Agreement to acquire Heilongjiang Shunho Biological Technology Development Co., Ltd. from Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) for CNY 4.8 million. Tonghe County Mingyu New Environmental Protection Building Materials Co., Ltd. entered into Equity Transfer Agreement to acquire Heilongjiang Shunho Biological Technology Development Co., Ltd. from Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) for CNY 4.8 million on September 18, 2020. As per terms of transaction consideration will be paid with in 7 days of signing of agreement. For the year ended December 31, 2019, Heilongjiang Shunho Biological Technology Development Co., Ltd. reported total assets of CNY 838.94 million, net assets of CNY -797.69 million, operating revenue of CNY 22.19 million, operating profit of CNY -749.77 million and net profit of CNY -747.77 million. Announcement • Jul 18
Shanghai Shunho New Materials Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 07, 2020 Shanghai Shunho New Materials Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 07, 2020 
