Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥19.0b to CN¥19.6b. EPS estimate fell from CN¥2.28 to CN¥1.99 per share. Net income forecast to grow 447% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥65.27. Share price fell 10% to CN¥63.31 over the past week. Price Target Changed • Apr 28
Price target increased by 9.4% to CN¥66.02 Up from CN¥60.32, the current price target is an average from 10 analysts. New target price is 16% below last closing price of CN¥78.51. Stock is up 189% over the past year. The company is forecast to post earnings per share of CN¥2.36 for next year compared to CN¥0.15 last year. New Risk • Apr 24
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 8.1% 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: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Apr 23
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: CN¥0.27 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥3.91b (up 43% from 1Q 2025). Net income: CN¥260.3m (up CN¥234.3m from 1Q 2025). Profit margin: 6.7% (up from 1.0% in 1Q 2025). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 17% 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, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Yunnan Energy New Material (Group) Co., Ltd., Annual General Meeting, May 14, 2026 Yunnan Energy New Material (Group) Co., Ltd., Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: 3F, No. 8, Chunjing Road, Jiulong Area, Hi-tech Zone, Yuxi, Yunnan China Announcement • Mar 31
Yunnan Energy New Material (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Yunnan Energy New Material (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
Yunnan Energy New Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Yunnan Energy New Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Price Target Changed • Dec 15
Price target increased by 29% to CN¥54.91 Up from CN¥42.67, the current price target is an average from 9 analysts. New target price is 10% above last closing price of CN¥49.82. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥0.18 next year compared to a net loss per share of CN¥0.57 last year. Board Change • Dec 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Zhe Li was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. New Risk • Nov 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Price Target Changed • Nov 18
Price target increased by 22% to CN¥48.72 Up from CN¥39.94, the current price target is an average from 10 analysts. New target price is 20% below last closing price of CN¥60.62. Stock is up 52% over the past year. The company is forecast to post earnings per share of CN¥0.18 next year compared to a net loss per share of CN¥0.57 last year. Price Target Changed • Nov 01
Price target increased by 11% to CN¥36.24 Up from CN¥32.64, the current price target is an average from 10 analysts. New target price is 25% below last closing price of CN¥48.52. Stock is up 42% over the past year. The company is forecast to post earnings per share of CN¥0.21 next year compared to a net loss per share of CN¥0.57 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.007 (down from CN¥0.15 in 3Q 2024). Revenue: CN¥3.78b (up 41% from 3Q 2024). Net income: CN¥6.79m (down 96% from 3Q 2024). Profit margin: 0.2% (down from 5.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 34%. Earnings per share (EPS) missed analyst estimates by 96%. 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, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Oct 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 7.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 30
Yunnan Energy New Material Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Yunnan Energy New Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: CN¥0.12 loss per share (down from CN¥0.14 profit in 2Q 2024). Revenue: CN¥3.03b (up 24% from 2Q 2024). Net loss: CN¥119.1m (down 190% from profit in 2Q 2024). Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 15% 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, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 21
Price target decreased by 7.1% to CN¥34.06 Down from CN¥36.68, the current price target is an average from 10 analysts. New target price is 16% above last closing price of CN¥29.24. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of CN¥0.45 next year compared to a net loss per share of CN¥0.57 last year. Announcement • Jul 02
Yunnan Energy New Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Yunnan Energy New Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Reported Earnings • Apr 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.57 loss per share (down from CN¥2.68 profit in FY 2023). Revenue: CN¥10.2b (down 16% from FY 2023). Net loss: CN¥556.3m (down 122% from profit in FY 2023). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 21% 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 fallen by 43% per year whereas the company’s share price has fallen by 47% per year. Announcement • Apr 23
Yunnan Energy New Material Co., Ltd., Annual General Meeting, May 14, 2025 Yunnan Energy New Material Co., Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: 3F, No. 8, Chunjing Road, Jiulong District, Hi-tech Zone, Yuxi, Yunnan China Announcement • Mar 31
Yunnan Energy New Material Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Yunnan Energy New Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Buy Or Sell Opportunity • Mar 19
Now 21% undervalued Over the last 90 days, the stock has risen 1.1% to CN¥33.89. The fair value is estimated to be CN¥42.87, 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 23%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.693 to CN¥0.587 per share. Revenue forecast steady at CN¥10.9b. Net income forecast to grow 17% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target up from CN¥36.05 to CN¥37.87. Share price was steady at CN¥32.60 over the past week. Buy Or Sell Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to CN¥33.87. The fair value is estimated to be CN¥42.70, 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 23%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Major Estimate Revision • Jan 22
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.654 to CN¥0.555 per share. Revenue forecast steady at CN¥11.0b. Net income forecast to grow 33% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥34.87. Share price fell 7.0% to CN¥29.30 over the past week. Announcement • Dec 31
Yunnan Energy New Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Yunnan Energy New Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Buy Or Sell Opportunity • Nov 28
Now 22% undervalued Over the last 90 days, the stock has risen 37% to CN¥36.94. The fair value is estimated to be CN¥47.43, 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 23%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥41.69, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 83% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.76 in 3Q 2023). Revenue: CN¥2.68b (down 24% from 3Q 2023). Net income: CN¥152.5m (down 80% from 3Q 2023). Profit margin: 5.7% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 19% 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 23% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Yunnan Energy New Material Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Yunnan Energy New Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥31.10, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.55 per share. Price Target Changed • Sep 19
Price target decreased by 12% to CN¥35.58 Down from CN¥40.28, the current price target is an average from 12 analysts. New target price is 41% above last closing price of CN¥25.18. Stock is down 58% over the past year. The company is forecast to post earnings per share of CN¥0.80 for next year compared to CN¥2.68 last year. Major Estimate Revision • Sep 03
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥13.1b to CN¥11.2b. EPS estimate fell from CN¥1.81 to CN¥0.805 per share. Net income forecast to grow 12% next year vs 46% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥40.50. Share price rose 4.8% to CN¥26.62 over the past week. Reported Earnings • Aug 30
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.82 in 2Q 2023). Revenue: CN¥2.46b (down 18% from 2Q 2023). Net income: CN¥132.9m (down 82% from 2Q 2023). Profit margin: 5.4% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 22% 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 7% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Aug 21
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¥13.3b to CN¥13.1b. EPS estimate also fell from CN¥2.04 per share to CN¥1.81 per share. Net income forecast to shrink 1.7% next year vs 48% growth forecast for Chemicals industry in China . Consensus price target down from CN¥43.35 to CN¥40.28. Share price fell 4.2% to CN¥26.44 over the past week. Price Target Changed • Aug 15
Price target decreased by 7.1% to CN¥42.61 Down from CN¥45.85, the current price target is an average from 12 analysts. New target price is 54% above last closing price of CN¥27.71. Stock is down 70% over the past year. The company is forecast to post earnings per share of CN¥2.06 for next year compared to CN¥2.68 last year. Price Target Changed • Jul 19
Price target decreased by 7.1% to CN¥46.36 Down from CN¥49.90, the current price target is an average from 12 analysts. New target price is 52% above last closing price of CN¥30.40. Stock is down 67% over the past year. The company is forecast to post earnings per share of CN¥2.19 for next year compared to CN¥2.68 last year. Announcement • Jun 29
Yunnan Energy New Material Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Yunnan Energy New Material Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • May 29
Yunnan Energy New Material Co., Ltd. Announces 2023 Final Distribution on A Shares, Payable on 03 June 2024 Yunnan Energy New Material Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 15.42609700. Record date is 31 May 2024, Ex-date is 03 June 2024 and Payment date is 03 June 2024. Major Estimate Revision • May 23
Consensus EPS estimates increase by 55% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥1.49 to CN¥2.32. Revenue forecast steady at CN¥13.4b. Net income forecast to grow 23% next year vs 52% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥49.90. Share price fell 2.1% to CN¥39.85 over the past week. Price Target Changed • May 04
Price target decreased by 12% to CN¥48.98 Down from CN¥55.64, the current price target is an average from 12 analysts. New target price is 18% above last closing price of CN¥41.61. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥2.68 last year. Major Estimate Revision • May 01
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥15.2b to CN¥13.3b. EPS estimate unchanged at CN¥3.34 per share. Net income forecast to grow 65% next year vs 58% growth forecast for Chemicals industry in China. Consensus price target down from CN¥55.64 to CN¥51.90. Share price rose 10% to CN¥41.61 over the past week. Announcement • Apr 27
Yunnan Energy New Material Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Yunnan Energy New Material Co., Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Final Cash dividend/10 shares (tax included) of CNY 15.51000000. Announcement • Apr 26
Yunnan Energy New Material Co., Ltd., Annual General Meeting, May 16, 2024 Yunnan Energy New Material Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 3F, No. 8, Chunjing Road, Jiulong District, Hi-tech Zone, Yuxi, Yunnan China Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.73 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.73 in 1Q 2023). Revenue: CN¥2.33b (down 9.4% from 1Q 2023). Net income: CN¥158.1m (down 76% from 1Q 2023). Profit margin: 6.8% (down from 25% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 25% 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 8% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Yunnan Energy New Material Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Yunnan Energy New Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Price Target Changed • Mar 21
Price target decreased by 17% to CN¥62.82 Down from CN¥75.74, the current price target is an average from 13 analysts. New target price is 40% above last closing price of CN¥44.72. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥3.00 for next year compared to CN¥4.48 last year. Price Target Changed • Feb 23
Price target decreased by 10% to CN¥75.74 Down from CN¥84.48, the current price target is an average from 13 analysts. New target price is 71% above last closing price of CN¥44.35. Stock is down 65% over the past year. The company is forecast to post earnings per share of CN¥3.02 for next year compared to CN¥4.48 last year. Announcement • Feb 05
Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces an Equity Buyback for CNY 200 million worth of its shares. Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased for a price not more than CNY 77.11 per share. The shares repurchased will be used for ESOP or equity incentives. The plan will be valid for 6 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥40.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.42 per share. Buy Or Sell Opportunity • Jan 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥47.81. The fair value is estimated to be CN¥60.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Announcement • Dec 29
Yunnan Energy New Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Yunnan Energy New Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.76 (down from CN¥1.35 in 3Q 2022). Revenue: CN¥3.52b (flat on 3Q 2022). Net income: CN¥748.9m (down 38% from 3Q 2022). Profit margin: 21% (down from 34% in 3Q 2022). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% 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 fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Oct 20
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 6.2% 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: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Price Target Changed • Oct 06
Price target decreased by 7.0% to CN¥92.77 Down from CN¥99.77, the current price target is an average from 12 analysts. New target price is 55% above last closing price of CN¥59.90. Stock is down 66% over the past year. The company is forecast to post earnings per share of CN¥3.77 for next year compared to CN¥4.48 last year. Announcement • Oct 01
Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces an Equity Buyback for CNY 500 million worth of its shares. Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 500 million worth of its shares. The plan will be valid for 6 months. Announcement • Sep 30
Yunnan Energy New Material Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Yunnan Energy New Material Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Sep 16
Yunnan Energy New Material Co., Ltd. Announces Interim Cash Dividend for A Shares for the Year 2023, Payable on 21 September 2023 Yunnan Energy New Material Co., Ltd. announced interim dividend of Cash dividend/10 shares (tax included) of CNY2.04999900 for A Shares for the Year 2023. Record date is 20 September 2023. Ex-date is 21 September 2023. Payment date is 21 September 2023. Announcement • Sep 13
Yunnan Energy New Material Co., Ltd. Approves 2023 Interim Profit Distribution Plan Yunnan Energy New Material Co., Ltd. announced that the Company held its 4th Extraordinary General Meeting of 2023 on 11 September 2023, during which the 2023 interim profit distribution plan was approved. The detailed profit distribution plan are as follows: Cash dividend/10 shares (tax included): CNY 2.05000000. Board Change • Sep 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Jun Zhai was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Aug 30
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥16.0b to CN¥14.1b. EPS estimate fell from CN¥5.36 to CN¥3.83 per share. Net income forecast to grow 38% next year vs 63% growth forecast for Chemicals industry in China. Consensus price target down from CN¥136 to CN¥107. Share price fell 4.5% to CN¥67.69 over the past week. Announcement • Aug 25
Yunnan Energy New Material Co., Ltd. Proposes Profit Distribution for the First Half of 2023 Yunnan Energy New Material Co., Ltd. announced on 24 August 2023 the profit distribution proposal for the first half of 2023 as Cash dividend/10 shares (tax included): CNY 2.05000000. Price Target Changed • Aug 25
Price target decreased by 14% to CN¥117 Down from CN¥136, the current price target is an average from 12 analysts. New target price is 75% above last closing price of CN¥66.90. Stock is down 67% over the past year. The company is forecast to post earnings per share of CN¥3.93 for next year compared to CN¥4.48 last year. Price Target Changed • Aug 25
Price target decreased by 14% to CN¥117 Down from CN¥136, the current price target is an average from 12 analysts. New target price is 75% above last closing price of CN¥66.90. Stock is down 67% over the past year. The company is forecast to post earnings per share of CN¥3.93 for next year compared to CN¥4.48 last year. Reported Earnings • Aug 24
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.82 (down from CN¥1.23 in 2Q 2022). Revenue: CN¥3.00b (down 5.2% from 2Q 2022). Net income: CN¥755.4m (down 32% from 2Q 2022). Profit margin: 25% (down from 35% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 33% 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 45% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥75.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 2.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥106 per share. Buying Opportunity • Aug 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 85% in 2 years. Earnings is forecast to grow by 88% in the next 2 years. Announcement • Aug 09
Yunnan Energy New Material Co., Ltd. Approves Zhai Jun and Xiang Ming as Directors Yunnan Energy New Material Co., Ltd. held its 3rd Extraordinary General Meeting of 2023 on 07 August 2023 were approved Zhai Jun and Xiang Ming as directors. Announcement • Jul 01
Yunnan Energy New Material Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Yunnan Energy New Material Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Price Target Changed • May 15
Price target decreased by 15% to CN¥148 Down from CN¥173, the current price target is an average from 11 analysts. New target price is 39% above last closing price of CN¥107. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥5.30 for next year compared to CN¥4.48 last year. Announcement • May 06
Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces an Equity Buyback for CNY 150 million worth of its shares. Yunnan Energy New Material Co., Ltd. (SZSE:002812) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 150 million worth of its shares. The plan will be valid for 6 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.73 (vs CN¥1.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.73 (down from CN¥1.03 in 1Q 2022). Revenue: CN¥2.57b (flat on 1Q 2022). Net income: CN¥649.2m (down 29% from 1Q 2022). Profit margin: 25% (down from 35% in 1Q 2022). Revenue is forecast to grow 28% 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 53% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Price Target Changed • Mar 22
Price target decreased by 16% to CN¥174 Down from CN¥208, the current price target is an average from 11 analysts. New target price is 58% above last closing price of CN¥110. Stock is down 52% over the past year. The company is forecast to post earnings per share of CN¥6.09 for next year compared to CN¥4.48 last year. Buying Opportunity • Mar 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 26% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Major Estimate Revision • Mar 09
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥18.3b to CN¥17.5b. EPS estimate also fell from CN¥7.15 per share to CN¥6.26 per share. Net income forecast to grow 43% next year vs 41% growth forecast for Chemicals industry in China. Consensus price target down from CN¥229 to CN¥208. Share price fell 4.8% to CN¥114 over the past week. Price Target Changed • Mar 07
Price target decreased by 8.5% to CN¥209 Down from CN¥229, the current price target is an average from 11 analysts. New target price is 83% above last closing price of CN¥115. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥6.32 for next year compared to CN¥4.48 last year. Reported Earnings • Mar 03
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥4.48 (up from CN¥3.06 in FY 2021). Revenue: CN¥12.6b (up 58% from FY 2021). Net income: CN¥4.00b (up 47% from FY 2021). Profit margin: 32% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 8.5%. 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 58% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥151, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 175% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Non Independent Director Alex Cheng is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.