Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.21, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 58% over the past three years. Price Target Changed • Apr 29
Price target increased by 9.9% to CN¥17.37 Up from CN¥15.80, the current price target is an average from 3 analysts. New target price is 24% above last closing price of CN¥14.01. Stock is down 2.2% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.23 last year. New Risk • Apr 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.4% net profit margin). Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.086 (vs CN¥0.10 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.086 (down from CN¥0.10 in 1Q 2025). Revenue: CN¥494.9m (up 25% from 1Q 2025). Net income: CN¥40.8m (down 15% from 1Q 2025). Profit margin: 8.2% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% 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 43% 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 • Apr 23
Nanjing COSMOS Chemical Co., Ltd., Annual General Meeting, May 14, 2026 Nanjing COSMOS Chemical Co., Ltd., Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Announcement • Mar 31
Nanjing COSMOS Chemical Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Nanjing COSMOS Chemical Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
Nanjing COSMOS Chemical Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Nanjing COSMOS Chemical Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin). Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.027 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.027 (down from CN¥0.20 in 3Q 2024). Revenue: CN¥394.9m (down 13% from 3Q 2024). Net income: CN¥12.6m (down 86% from 3Q 2024). Profit margin: 3.2% (down from 21% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 26% 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 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Nanjing COSMOS Chemical Co., Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Nanjing COSMOS Chemical Co., Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Reported Earnings • Sep 01
Second quarter 2025 earnings released: EPS: CN¥0.037 (vs CN¥0.42 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.037 (down from CN¥0.42 in 2Q 2024). Revenue: CN¥324.5m (down 53% from 2Q 2024). Net income: CN¥17.5m (down 91% from 2Q 2024). Profit margin: 5.4% (down from 29% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Nanjing COSMOS Chemical Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Nanjing COSMOS Chemical Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Board Change • May 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Bing Song was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • May 03
Consensus revenue estimates fall by 36% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.26b to CN¥2.09b. EPS estimate fell from CN¥2.57 to CN¥1.23 per share. Net income forecast to grow 37% next year vs 44% growth forecast for Chemicals industry in China. Consensus price target down from CN¥38.97 to CN¥32.27. Share price was steady at CN¥20.06 over the past week. Announcement • Apr 25
Nanjing Cosmos Chemical Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Nanjing COSMOS Chemical Co., Ltd. proposed final Cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.65 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.65 in 1Q 2024). Revenue: CN¥396.6m (down 44% from 1Q 2024). Net income: CN¥48.0m (down 78% from 1Q 2024). Profit margin: 12% (down from 31% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Nanjing COSMOS Chemical Co., Ltd., Annual General Meeting, May 15, 2025 Nanjing COSMOS Chemical Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.84, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 55% over the past three years. Announcement • Mar 31
Nanjing COSMOS Chemical Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Nanjing COSMOS Chemical Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Dec 31
Nanjing COSMOS Chemical Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Nanjing COSMOS Chemical Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Price Target Changed • Dec 26
Price target decreased by 14% to CN¥38.97 Down from CN¥45.46, the current price target is an average from 3 analysts. New target price is 47% above last closing price of CN¥26.50. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥2.22 for next year compared to CN¥2.17 last year. Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.05b to CN¥2.77b. EPS estimate also fell from CN¥2.57 per share to CN¥2.28 per share. Net income forecast to grow 27% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target down from CN¥45.46 to CN¥42.88. Share price fell 18% to CN¥26.17 over the past week. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.55 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.27 (down from CN¥0.55 in 3Q 2023). Revenue: CN¥452.9m (down 23% from 3Q 2023). Net income: CN¥92.7m (down 50% from 3Q 2023). Profit margin: 21% (down from 32% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥28.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 133% over the past three years. Announcement • Sep 30
Nanjing COSMOS Chemical Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Nanjing COSMOS Chemical Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥29.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 130% over the past three years. New Risk • Sep 02
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 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 (7.0% average weekly change). Announcement • Aug 21
Nanjing COSMOS Chemical Co., Ltd. Proposes Cash Dividend for the First Half of 2024 Nanjing COSMOS Chemical Co., Ltd. announced on 19 August 2024 the profit distribution proposal for the first half of 2024 as follows: Cash dividend/10 shares (tax included) of CNY 6.00000000. Price Target Changed • Aug 17
Price target increased by 25% to CN¥65.82 Up from CN¥52.69, the current price target is an average from 4 analysts. New target price is 116% above last closing price of CN¥30.41. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.17 last year. Price Target Changed • Jul 22
Price target increased by 25% to CN¥65.82 Up from CN¥52.57, the current price target is an average from 4 analysts. New target price is 106% above last closing price of CN¥31.90. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.17 last year. Announcement • Jun 29
Nanjing COSMOS Chemical Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Nanjing COSMOS Chemical Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Board Change • Jun 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. 2 experienced directors. 3 highly experienced directors. Independent Director Bing Song 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. Price Target Changed • May 19
Price target increased by 23% to CN¥65.69 Up from CN¥53.20, the current price target is an average from 4 analysts. New target price is 63% above last closing price of CN¥40.36. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.81 for next year compared to CN¥2.17 last year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 54% After last week's 54% share price decline to CN¥40.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥1.30 (vs CN¥0.95 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.30 (up from CN¥0.95 in 1Q 2023). Revenue: CN¥711.8m (up 21% from 1Q 2023). Net income: CN¥219.6m (up 37% from 1Q 2023). Profit margin: 31% (up from 27% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 63% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Nanjing COSMOS Chemical Co., Ltd., Annual General Meeting, May 07, 2024 Nanjing COSMOS Chemical Co., Ltd., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Announcement • Mar 30
Nanjing COSMOS Chemical Co., Ltd. to Report Q1, 2024 Results on Apr 17, 2024 Nanjing COSMOS Chemical Co., Ltd. announced that they will report Q1, 2024 results on Apr 17, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥76.49, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥137 per share. Price Target Changed • Feb 29
Price target decreased by 7.6% to CN¥102 Down from CN¥111, the current price target is an average from 4 analysts. New target price is 57% above last closing price of CN¥65.10. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥4.30 for next year compared to CN¥2.29 last year. Announcement • Dec 29
Nanjing COSMOS Chemical Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Nanjing COSMOS Chemical Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 23
Third quarter 2023 earnings released: EPS: CN¥1.10 (vs CN¥0.63 in 3Q 2022) Third quarter 2023 results: EPS: CN¥1.10 (up from CN¥0.63 in 3Q 2022). Revenue: CN¥584.1m (up 36% from 3Q 2022). Net income: CN¥185.7m (up 73% from 3Q 2022). Profit margin: 32% (up from 25% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 53% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 19
Price target increased by 14% to CN¥111 Up from CN¥97.15, the current price target is an average from 4 analysts. New target price is 51% above last closing price of CN¥73.15. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥3.96 for next year compared to CN¥2.29 last year. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥1.12 (vs CN¥0.53 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.12 (up from CN¥0.53 in 2Q 2022). Revenue: CN¥602.5m (up 48% from 2Q 2022). Net income: CN¥190.3m (up 114% from 2Q 2022). Profit margin: 32% (up from 22% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Nanjing COSMOS Chemical Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Nanjing COSMOS Chemical Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • Jun 01
Nanjing Cosmos Chemical Co., Ltd. Approves Cash Dividend on A shares for 2022, Payable on 02 June 2023 Nanjing COSMOS Chemical Co., Ltd. approved Cash dividend/10 shares (tax included) (A shares): CNY 10.00000000 for 2022. Record date: 01 June 2023. Ex-date: 02 June 2023. Payment date: 02 June 2023. Reported Earnings • Apr 21
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥2.29 (up from CN¥0.79 in FY 2021). Revenue: CN¥1.76b (up 62% from FY 2021). Net income: CN¥388.1m (up 192% from FY 2021). Profit margin: 22% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥64.94, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 123% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥54.12 per share. Buying Opportunity • Dec 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥60.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 4.2%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 83% in the next 2 years. Buying Opportunity • Nov 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥66.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 4.2%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 68% in the next 2 years. Price Target Changed • Nov 16
Price target increased to CN¥86.55 Up from CN¥79.34, the current price target is an average from 3 analysts. New target price is 64% above last closing price of CN¥52.75. Stock is up 49% over the past year. The company is forecast to post earnings per share of CN¥1.85 for next year compared to CN¥0.78 last year. Price Target Changed • Nov 05
Price target increased to CN¥86.55 Up from CN¥79.34, the current price target is an average from 3 analysts. New target price is 53% above last closing price of CN¥56.53. Stock is up 66% over the past year. The company is forecast to post earnings per share of CN¥1.85 for next year compared to CN¥0.78 last year. Major Estimate Revision • Nov 03
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥1.62b to CN¥1.66b. EPS estimate increased from CN¥1.61 to CN¥1.81 per share. Net income forecast to grow 29% next year vs 44% growth forecast for Chemicals industry in China. Consensus price target up from CN¥79.34 to CN¥82.80. Share price fell 12% to CN¥55.74 over the past week. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.63 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.63 (up from CN¥0.15 in 3Q 2021). Revenue: CN¥428.6m (up 83% from 3Q 2021). Net income: CN¥107.3m (up 325% from 3Q 2021). Profit margin: 25% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. 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¥71.31, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 156% over the past year. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥60.01, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 122% over the past year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.53 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.53 (up from CN¥0.23 in 2Q 2021). Revenue: CN¥407.4m (up 63% from 2Q 2021). Net income: CN¥88.8m (up 131% from 2Q 2021). Profit margin: 22% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 42% growth forecast for the Chemicals industry in China. Price Target Changed • Aug 12
Price target increased to CN¥47.66 Up from CN¥38.53, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥48.07. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥1.31 for next year compared to CN¥0.78 last year. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥46.40, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 69% over the past year. Announcement • Jun 23
Nanjing COSMOS Chemical Co., Ltd. Approves Final Cash Dividend on A Shares for the Year 2021, Payable on June 27, 2022 Nanjing COSMOS Chemical Co., Ltd. approved cash dividend per 10 shares (A shares) (tax included) of CNY 3.00000000 for the year 2021. Record date is 24 June 2022. Ex-date is 27 June 2022. Payment date is 27 June 2022. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥60.30, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 31% share price gain to CN¥47.28, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 5.7% over the past year. Announcement • Apr 27
Nanjing COSMOS Chemical Co., Ltd. Proposes Final Cash Dividend for 2021 Nanjing COSMOS Chemical Co., Ltd. announced profit distribution proposal for 2021 as final Cash dividend per 10 shares (tax included): CNY 3.00000000. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.51 (up from CN¥0.42 in 1Q 2021). Revenue: CN¥413.0m (up 60% from 1Q 2021). Net income: CN¥58.0m (up 21% from 1Q 2021). Profit margin: 14% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 21%, compared to a 43% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥58.85, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 34x in the Chemicals industry in China. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥48.97, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 21% over the past year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.24 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥234.8m (up 22% from 3Q 2020). Net income: CN¥25.3m (flat on 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.55 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥249.9m (down 6.2% from 2Q 2020). Net income: CN¥38.5m (down 17% from 2Q 2020). Profit margin: 15% (down from 18% in 2Q 2020). The decrease in margin was driven by lower revenue. Announcement • May 21
Nanjing COSMOS Chemical Co., Ltd. Approves Dividend for 2020 Nanjing COSMOS Chemical Co., Ltd. approved cash dividend/10 shares (tax included) of CNY 1.50000000 for 2020 at the Annual General Meeting held on 18 May 2021. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥1.70 (vs CN¥1.82 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¥1.01b (down 8.4% from FY 2019). Net income: CN¥163.5m (up 6.3% from FY 2019). Profit margin: 16% (up from 14% in FY 2019). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥48.85, the stock trades at a trailing P/E ratio of 25.6x, down from the previous P/E ratio of 30.5x. Average P/E is 35x in the Chemicals industry in China. Announcement • Mar 09
Nanjing COSMOS Chemical Co., Ltd. to Report Fiscal Year 2020 Results on Apr 17, 2021 Nanjing COSMOS Chemical Co., Ltd. announced that they will report fiscal year 2020 results on Apr 17, 2021 Is New 90 Day High Low • Feb 04
New 90-day low: CN¥47.28 The company is down 31% from its price of CN¥68.13 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥53.57 The company is down 36% from its price of CN¥83.68 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥62.04 The company is down 29% from its price of CN¥87.70 on 11 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 Chemicals industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥66.85 The company is down 14% from its price of CN¥77.97 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 20% share price decline to CN¥66.85, the stock is trading at a trailing P/E ratio of 35x, down from the previous P/E ratio of 43.9x. This compares to an average P/E of 38x in the Chemicals industry in China. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥170.8m, up 25% from the prior year. Total revenue was CN¥1.07b over the last 12 months, largely unchanged from the prior year. Announcement • Oct 17
Nanjing COSMOS Chemical Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Nanjing COSMOS Chemical Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020