Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.63 (vs CN¥0.27 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.63 (up from CN¥0.27 loss in 1Q 2025). Revenue: CN¥327.0m (up 97% from 1Q 2025). Net income: CN¥97.0m (up CN¥140.1m from 1Q 2025). Profit margin: 30% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 70% 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 33% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. New Risk • Apr 30
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 9.8% 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 Share price has been highly volatile over the past 3 months (9.8% average weekly change). High level of non-cash earnings (26% accrual ratio). Announcement • Mar 31
Jiangsu HSC New Energy Materials Co.,LTD., Annual General Meeting, Apr 20, 2026 Jiangsu HSC New Energy Materials Co.,LTD., Annual General Meeting, Apr 20, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Yangtze River International Chemical Industrial Park, Jiangsu China Announcement • Mar 30
Jiangsu HSC New Energy Materials Co.,LTD. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CN¥0.08 (vs CN¥1.10 loss in FY 2024) Full year 2025 results: EPS: CN¥0.08 (up from CN¥1.10 loss in FY 2024). Revenue: CN¥869.5m (up 72% from FY 2024). Net income: CN¥13.3m (up CN¥187.9m from FY 2024). Profit margin: 1.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 67% 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, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Announcement • Dec 26
Jiangsu HSC New Energy Materials Co.,LTD. to Report Fiscal Year 2025 Results on Mar 31, 2026 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: CN¥0.19 loss per share (vs CN¥0.39 loss in 3Q 2024) Third quarter 2025 results: CN¥0.19 loss per share (improved from CN¥0.39 loss in 3Q 2024). Revenue: CN¥188.7m (up 47% from 3Q 2024). Net loss: CN¥30.2m (loss narrowed 49% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Jiangsu HSC New Energy Materials Co.,LTD. to Report Q3, 2025 Results on Oct 27, 2025 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jun 30
Jiangsu HSC New Energy Materials Co.,LTD. to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 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 9.1% 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 Earnings have declined by 77% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Apr 25
First quarter 2025 earnings released: CN¥0.27 loss per share (vs CN¥0.08 loss in 1Q 2024) First quarter 2025 results: CN¥0.27 loss per share (further deteriorated from CN¥0.08 loss in 1Q 2024). Revenue: CN¥166.1m (up 63% from 1Q 2024). Net loss: CN¥43.1m (loss widened 237% from 1Q 2024). Announcement • Apr 25
Jiangsu HSC New Energy Materials Co.,LTD., Annual General Meeting, May 15, 2025 Jiangsu HSC New Energy Materials Co.,LTD., Annual General Meeting, May 15, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Yangtze River International Chemical Industrial Park, Jiangsu China Announcement • Mar 28
Jiangsu HSC New Energy Materials Co.,LTD. to Report Q1, 2025 Results on Apr 25, 2025 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Mar 25
Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) announces an Equity Buyback for CNY 100 million worth of its shares. Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 32 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The company intends to use its own funds and the special loan provided by the Agricultural Bank of China Zhangjiagang Branch to repurchase its own shares. The program will be valid for 12 months. Reported Earnings • Mar 02
Full year 2024 earnings released: CN¥1.09 loss per share (vs CN¥0.15 loss in FY 2023) Full year 2024 results: CN¥1.09 loss per share (further deteriorated from CN¥0.15 loss in FY 2023). Revenue: CN¥504.7m (down 3.9% from FY 2023). Net loss: CN¥173.3m (loss widened CN¥149.4m from FY 2023). Announcement • Dec 27
Jiangsu HSC New Energy Materials Co.,LTD. to Report Fiscal Year 2024 Results on Apr 25, 2025 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Dec 10
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 13% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.39 loss per share (vs CN¥0.039 profit in 3Q 2023) Third quarter 2024 results: CN¥0.39 loss per share (down from CN¥0.039 profit in 3Q 2023). Revenue: CN¥128.5m (down 20% from 3Q 2023). Net loss: CN¥59.2m (down CN¥65.2m from profit in 3Q 2023). Announcement • Oct 09
Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) announces an Equity Buyback for CNY 50 million worth of its shares. Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be purchased at a price not exceeding CNY 24.21 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from self-owned and/or self-raised funds. The program will be valid for 12 months. Announcement • Sep 30
Jiangsu HSC New Energy Materials Co.,LTD. to Report Q3, 2024 Results on Oct 25, 2024 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: CN¥0.37 loss per share (vs CN¥0.051 profit in 2Q 2023) Second quarter 2024 results: CN¥0.37 loss per share (down from CN¥0.051 profit in 2Q 2023). Revenue: CN¥101.2m (down 18% from 2Q 2023). Net loss: CN¥59.7m (down CN¥68.4m from profit in 2Q 2023). New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Jun 28
Jiangsu HSC New Energy Materials Co.,LTD. to Report First Half, 2024 Results on Aug 23, 2024 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • Apr 26
Jiangsu HSC New Energy Materials Co.,LTD., Annual General Meeting, May 15, 2024 Jiangsu HSC New Energy Materials Co.,LTD., Annual General Meeting, May 15, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yangtze River International Chemical Industrial Park, Jiangsu China Reported Earnings • Apr 25
First quarter 2024 earnings released: CN¥0.08 loss per share (vs CN¥0.069 profit in 1Q 2023) First quarter 2024 results: CN¥0.08 loss per share (down from CN¥0.069 profit in 1Q 2023). Revenue: CN¥102.2m (down 9.8% from 1Q 2023). Net loss: CN¥12.8m (down 216% from profit in 1Q 2023). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Mar 30
Jiangsu HSC New Energy Materials Co.,LTD. to Report Q1, 2024 Results on Apr 25, 2024 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Feb 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.15 loss per share (down from CN¥1.92 profit in FY 2022). Revenue: CN¥526.0m (down 39% from FY 2022). Net loss: CN¥24.3m (down 109% from profit in FY 2022). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.17 in 3Q 2022). Revenue: CN¥161.0m (down 15% from 3Q 2022). Net income: CN¥5.99m (down 75% from 3Q 2022). Profit margin: 3.7% (down from 13% in 3Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Announcement • Aug 29
Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) announces an Equity Buyback for CNY 30 million worth of its shares. Jiangsu HSC New Energy Materials Co.,LTD. (SHSE:688353) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 50 per share. The repurchased shares will be used for ESOP and/or equity incentives. The program will be valid for a period of 12 months. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.051 (vs CN¥0.41 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.051 (down from CN¥0.41 in 2Q 2022). Revenue: CN¥122.9m (down 24% from 2Q 2022). Net income: CN¥8.65m (down 82% from 2Q 2022). Profit margin: 7.0% (down from 30% in 2Q 2022). Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jun 28
Jiangsu HSC New Energy Materials Co.,LTD. to Report First Half, 2023 Results on Aug 29, 2023 Jiangsu HSC New Energy Materials Co.,LTD. announced that they will report first half, 2023 results on Aug 29, 2023 Buying Opportunity • Apr 25
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥76.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 36% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥2.78 (vs CN¥5.13 in FY 2021) Full year 2022 results: EPS: CN¥2.78 (down from CN¥5.13 in FY 2021). Revenue: CN¥862.0m (down 15% from FY 2021). Net income: CN¥260.1m (down 38% from FY 2021). Profit margin: 30% (down from 42% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.24. Net income: CN¥24.3m (up CN¥24.3m from 3Q 2021). Revenue is forecast to grow 30% 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 • Oct 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥77.49, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Chemicals industry in China. Reported Earnings • Sep 02
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.59. Net income: CN¥48.2m (up CN¥48.2m from 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 33% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥92.71, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Chemicals industry in China.