Declared Dividend • Jun 04
Dividend increased to CN¥0.23 Dividend of CN¥0.23 is 7.1% higher than last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (121% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.76 (up from CN¥0.70 in FY 2024). Revenue: CN¥2.40b (up 3.1% from FY 2024). Net income: CN¥436.6m (up 9.8% from FY 2024). Profit margin: 18% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 11% 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 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 12, 2026 Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 30
Zhejiang Huangma Technology Co.,Ltd to Report Q1, 2026 Results on Apr 22, 2026 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 22, 2026 Price Target Changed • Feb 26
Price target increased by 11% to CN¥18.40 Up from CN¥16.56, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥17.76. Stock is up 61% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.70 last year. Announcement • Dec 26
Zhejiang Huangma Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026 Zhejiang Huangma Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥625.7m (up 2.0% from 3Q 2024). Net income: CN¥118.7m (up 25% from 3Q 2024). Profit margin: 19% (up from 16% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% 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 remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥17.05, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Announcement • Sep 30
Zhejiang Huangma Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.18 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.18 in 2Q 2024). Revenue: CN¥590.6m (up 2.3% from 2Q 2024). Net income: CN¥116.9m (up 14% from 2Q 2024). Profit margin: 20% (up from 18% in 2Q 2024). Revenue is forecast to grow 11% 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 6% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.04, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.74 per share. Announcement • Jun 30
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2025 Results on Aug 23, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 23, 2025 Declared Dividend • Jun 07
Dividend increased to CN¥0.21 Dividend of CN¥0.21 is 40% higher than last year. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (29% 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 16% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 21
Price target increased by 14% to CN¥13.92 Up from CN¥12.18, the current price target is an average from 3 analysts. New target price is 17% above last closing price of CN¥11.92. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.70 last year. Reported Earnings • Apr 18
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.70 (up from CN¥0.57 in FY 2023). Revenue: CN¥2.33b (up 23% from FY 2023). Net income: CN¥397.8m (up 23% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Revenue is forecast to grow 11% 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 11% per year whereas the company’s share price has fallen by 6% per year. Announcement • Apr 18
Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 08, 2025 Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.96, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 28
Zhejiang Huangma Technology Co.,Ltd to Report Q1, 2025 Results on Apr 18, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Dec 27
Zhejiang Huangma Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.29, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years. Announcement • Oct 28
Zigong Zhongtiansheng New Materials Technology Co., Ltd. agreed to acquire 46.92% stake in Zhejiang Zhongke Yaan New Materials Co., Ltd. from Zhejiang Huangma Technology Co.,Ltd and Wang Weisong for CNY 8.4 million. Zigong Zhongtiansheng New Materials Technology Co., Ltd. agreed to acquire 46.92% stake in Zhejiang Zhongke Yaan New Materials Co., Ltd. from Zhejiang Huangma Technology Co.,Ltd and Wang Weisong for CNY 8.4 million on October 24, 2024. A cash consideration of CNY 8.43 million will be paid by Zigong Zhongtiansheng New Materials Technology Co., Ltd. As part of transaction Wang Weisong is selling 22.30 stake. As of September 30, 2024, Zhejiang Zhongke Yaan New Materials Co., Ltd. reported total assets of CNY 27.61 million and total common equity of CNY 24.41 million.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. Price Target Changed • Oct 28
Price target increased by 7.9% to CN¥12.18 Up from CN¥11.29, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥10.81. Stock is down 3.9% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.57 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥613.2m (up 21% from 3Q 2023). Net income: CN¥94.9m (up 12% from 3Q 2023). Profit margin: 16% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 12% per year whereas the company’s share price has fallen by 11% per year. Announcement • Sep 30
Zhejiang Huangma Technology Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 22% over the past three years. Price Target Changed • Aug 22
Price target decreased by 10% to CN¥11.29 Down from CN¥12.57, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥8.69. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.57 last year. Announcement • Jun 28
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2024 Results on Aug 22, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 22, 2024 Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥531.8m (up 23% from 1Q 2023). Net income: CN¥87.9m (up 12% from 1Q 2023). Profit margin: 17% (down from 18% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% 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 6% per year and the company’s share price has also fallen by 6% per year. Announcement • Apr 27
Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 16, 2024 Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China New Risk • Apr 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.57 (down from CN¥0.82 in FY 2022). Revenue: CN¥1.89b (down 13% from FY 2022). Net income: CN¥324.7m (down 32% from FY 2022). Profit margin: 17% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 9.5%. 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 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Mar 29
Zhejiang Huangma Technology Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 29
Zhejiang Huangma Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024 Board Change • Dec 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Yan Jian Zhu 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 • Nov 08
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.68b to CN¥2.62b. EPS estimate also fell from CN¥0.783 per share to CN¥0.63 per share. Net income forecast to grow 31% next year vs 72% growth forecast for Chemicals industry in China. Consensus price target down from CN¥13.77 to CN¥12.89. Share price was steady at CN¥11.20 over the past week. Price Target Changed • Nov 07
Price target decreased by 10% to CN¥12.89 Down from CN¥14.35, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥11.25. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.82 last year. Announcement • Sep 30
Zhejiang Huangma Technology Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.29 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.29 in 2Q 2022). Revenue: CN¥464.9m (down 24% from 2Q 2022). Net income: CN¥71.3m (down 57% from 2Q 2022). Profit margin: 15% (down from 27% in 2Q 2022). 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 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 22
Price target decreased by 9.6% to CN¥14.35 Down from CN¥15.87, the current price target is an average from 3 analysts. New target price is 33% above last closing price of CN¥10.75. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥0.82 last year. Announcement • Jun 28
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2023 Results on Aug 22, 2023 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 22, 2023 Price Target Changed • Apr 17
Price target decreased by 9.4% to CN¥15.41 Down from CN¥17.01, the current price target is an average from 2 analysts. New target price is 31% above last closing price of CN¥11.78. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.82 last year. Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.82 (up from CN¥0.76 in FY 2021). Revenue: CN¥2.18b (down 6.6% from FY 2021). Net income: CN¥477.1m (up 6.4% from FY 2021). Profit margin: 22% (up from 19% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 29% p.a. on average during the next 2 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 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥490.2m (down 22% from 3Q 2021). Net income: CN¥81.9m (down 49% from 3Q 2021). Profit margin: 17% (down from 26% in 3Q 2021). 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 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 22
Price target increased to CN¥19.64 Up from CN¥18.14, the current price target is an average from 3 analysts. New target price is 27% above last closing price of CN¥15.50. Stock is down 1.9% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.76 last year. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.29 (up from CN¥0.21 in 2Q 2021). Revenue: CN¥614.5m (down 3.2% from 2Q 2021). Net income: CN¥166.7m (up 33% from 2Q 2021). Profit margin: 27% (up from 20% in 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 41% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 31% per year. Price Target Changed • May 01
Price target decreased to CN¥16.44 Down from CN¥18.14, the current price target is an average from 2 analysts. New target price is 8.9% above last closing price of CN¥15.09. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥0.76 last year. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥616.1m (up 20% from 1Q 2021). Net income: CN¥129.9m (up 59% from 1Q 2021). Profit margin: 21% (up from 16% in 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 24%, compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.76 (up from CN¥0.55 in FY 2020). Revenue: CN¥2.34b (up 20% from FY 2020). Net income: CN¥448.4m (up 40% from FY 2020). Profit margin: 19% (up from 17% in FY 2020). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 34%, compared to a 49% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Announcement • Mar 31
Zhejiang Huangma Technology Co.,Ltd (SHSE:603181) announces an Equity Buyback for CNY 60 million worth of its shares. Zhejiang Huangma Technology Co.,Ltd (SHSE:603181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 20 per share. The shares purchased will be used for the follow-up employee stock ownership plan. The program will be funded out of the company's own funds. The program will be valid till 12 months. Price Target Changed • Nov 03
Price target increased to CN¥16.85 Up from CN¥15.68, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥14.92. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.54 last year. Reported Earnings • Oct 14
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.16 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥624.9m (up 13% from 3Q 2020). Net income: CN¥159.1m (up 71% from 3Q 2020). Profit margin: 26% (up from 17% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥634.9m (up 39% from 2Q 2020). Net income: CN¥125.1m (up 47% from 2Q 2020). Profit margin: 20% (up from 19% in 2Q 2020). 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 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 18
Zhejiang Huangma Technology Co.,Ltd (SHSE:603181) announces an Equity Buyback for CNY 60 million worth of its shares. Zhejiang Huangma Technology Co.,Ltd (SHSE:603181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 25 per share. The shares purchased will be used for the company's equity incentive plan. The program will be funded out of the company's own funds. The program will be valid till earlier of 12 months, or when the repurchase reaches the maximum limit, unless terminated by the Board earlier. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS CN¥0.79 (vs CN¥0.64 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.95b (up 2.7% from FY 2019). Net income: CN¥320.3m (up 25% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 09
Price target increased to CN¥23.81 Up from CN¥21.71, the current price target is an average from 5 analysts. New target price is 27% above last closing price of CN¥18.80. Stock is up 80% over the past year. Is New 90 Day High Low • Mar 02
New 90-day low: CN¥18.18 The company is down 9.0% from its price of CN¥20.00 on 02 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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¥4.47 per share. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.40, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 25x. This compares to an average P/E of 36x in the Chemicals industry in China. Total returns to shareholders over the past three years are 92%. Is New 90 Day High Low • Jan 15
New 90-day high: CN¥21.91 The company is up 16% from its price of CN¥18.94 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.48 per share. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥21.06 The company is up 20% from its price of CN¥17.52 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.76 per share. Reported Earnings • Oct 16
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥309.4m, up 26% from the prior year. Total revenue was CN¥1.87b over the last 12 months, up 1.5% from the prior year. Announcement • Jul 09
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2020 Results on Aug 21, 2020 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 21, 2020 
