Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.17, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.46, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 21% over the past three years. Announcement • Jun 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report First Half, 2026 Results on Aug 29, 2026 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report first half, 2026 results on Aug 29, 2026 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¥23.55, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Apr 30
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: CN¥0.56 (up from CN¥0.34 in FY 2024). Revenue: CN¥26.3b (up 9.5% from FY 2024). Net income: CN¥512.9m (up 70% from FY 2024). Profit margin: 1.9% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Apr 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd, Annual General Meeting, May 20, 2026 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd, Annual General Meeting, May 20, 2026, at 10:30 China Standard Time. Location: The Company's Wholly-owned Subsidiary's Meeting Room, Hangzhou, Zhejiang China Price Target Changed • Apr 21
Price target increased by 33% to CN¥10.50 Up from CN¥7.90, the current price target is provided by 1 analyst. New target price is 60% below last closing price of CN¥25.98. Stock is up 218% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.34 last year. Announcement • Mar 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.83, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 3.7% over the past three years. Announcement • Mar 14
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd (SHSE:603876) announces an Equity Buyback for CNY 140 million worth of its shares. Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd (SHSE:603876) announces a share repurchase program. Under the program, the company will repurchase up to CNY 140 million worth of its shares. The shares will be repurchased at CNY 28 per share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from Own Funds and/or Self-Financing. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.17, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Metals and Mining industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Dec 26
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.03, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Metals and Mining industry in China. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.65, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Metals and Mining industry in China. Total loss to shareholders of 49% over the past three years. New Risk • Nov 21
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 7.5% 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 (7.5% average weekly change). Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.035 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.035 in 3Q 2024). Revenue: CN¥6.29b (up 2.6% from 3Q 2024). Net income: CN¥118.8m (up 190% from 3Q 2024). Profit margin: 1.9% (up from 0.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Metals and Mining industry in China. Total loss to shareholders of 57% over the past three years. Announcement • Sep 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.78, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Metals and Mining industry in China. Total loss to shareholders of 63% over the past three years. New Risk • Sep 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Jun 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 29
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd, Annual General Meeting, May 20, 2025 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd, Annual General Meeting, May 20, 2025, at 13:00 China Standard Time. Announcement • Mar 28
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Metals and Mining industry in China. Total loss to shareholders of 43% over the past three years. Announcement • Dec 27
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.16, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.09 per share. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.035 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥6.13b (up 22% from 3Q 2023). Net income: CN¥40.9m (down 65% from 3Q 2023). Profit margin: 0.7% (down from 2.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥9.32, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 62% over the past three years. Announcement • Sep 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥10.71, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.05 per share. New Risk • Sep 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.7% net profit margin). Announcement • Jun 28
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • May 29
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 8.6% 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 (8.6% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Apr 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.61 (down from CN¥1.57 in FY 2022). Revenue: CN¥19.1b (down 12% from FY 2022). Net income: CN¥534.8m (down 61% from FY 2022). Profit margin: 2.8% (down from 6.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd, Annual General Meeting, May 13, 2024 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd, Annual General Meeting, May 13, 2024, at 13:00 China Standard Time. Location: Meeting Room of Hangzhou Wuxing Aluminum Co., Ltd., Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.67, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 73% over the past three years. Announcement • Mar 29
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.53, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 45% over the past three years. Announcement • Dec 30
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd to Report Fiscal Year 2023 Results on Apr 23, 2024 Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd announced that they will report fiscal year 2023 results on Apr 23, 2024 Price Target Changed • Nov 17
Price target decreased by 43% to CN¥17.20 Down from CN¥29.94, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥14.06. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥1.54 for next year compared to CN¥1.57 last year. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.50 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.50 in 3Q 2022). Revenue: CN¥5.02b (down 3.5% from 3Q 2022). Net income: CN¥117.7m (down 73% from 3Q 2022). Profit margin: 2.3% (down from 8.4% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.43 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.43 in 2Q 2022). Revenue: CN¥4.71b (down 19% from 2Q 2022). Net income: CN¥195.7m (down 49% from 2Q 2022). Profit margin: 4.2% (down from 6.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd (SHSE:603876) acquired Slim Aluminium S.p.A. from Quantum Capital Partners AG for a enterprise value of €120.5 million. Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd (SHSE:603876) acquired Slim Aluminium S.p.A. from Quantum Capital Partners AG for a enterprise value of €120.5 million on July 13, 2023.In 2022 Slim Aluminium reported consolidated revenue of €326.8 million, a net result of €9.6 million and the EBITDA amounted to €18.9 million. The transaction received all authorisations needed, including the Golden Power clearance by the Italian Presidency of the Council of Ministers. Quantum Capital Partners AG was assisted by K&L Gates with a team composed of Pasquale Marini, Francesco Peruffo and Gaia Bacchi for the corporate/M&A aspects of the transaction, while a Milan-Berlin multi-jurisdictional team, composed of Chiara Toccagni, Annette Mutschler-Siebert, Alexander Rospert and Martina Maggioni, assisted in connection with the Golden Power clearance.Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd (SHSE:603876) completed the acquisition of Slim Aluminium S.p.A. from Quantum Capital Partners AG on July 13, 2023. Reported Earnings • Apr 28
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥2.82 (up from CN¥0.94 in FY 2021). Revenue: CN¥21.6b (up 19% from FY 2021). Net income: CN¥1.38b (up 221% from FY 2021). Profit margin: 6.4% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 7.2%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be CN¥52.47, 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 60%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 93% in the next 2 years. Buying Opportunity • Mar 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥50.40, 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 60%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 93% in the next 2 years. Buying Opportunity • Dec 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be CN¥59.19, 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 60%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Jianming Wang is the most experienced director on the board, commencing their role in 2020. Independent Director Xiufeng Yue was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥57.10, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 299% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.90 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.90 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥5.20b (up 8.0% from 3Q 2021). Net income: CN¥436.3m (up 294% from 3Q 2021). Profit margin: 8.4% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥51.51, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 241% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.78 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.78 (up from CN¥0.23 in 2Q 2021). Revenue: CN¥5.80b (up 25% from 2Q 2021). Net income: CN¥381.4m (up 254% from 2Q 2021). Profit margin: 6.6% (up from 2.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 5.8% compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 19
Now 21% undervalued Over the last 90 days, the stock is up 94%. The fair value is estimated to be CN¥75.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.2% in 2 years. Earnings is forecast to grow by 156% in the next 2 years. Announcement • Jul 21
Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd announced that it expects to receive CNY 2.7 billion in funding Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd announced that it it will issue not more than 80,000,000 A shares at a price of not less than 80% of the average price in the 20 trading days before for gross proceeds of not more than CNY 2,700,000,000 on July 20, 2022. The transaction will include participation from not more than 35 investors. The securities issued in the transaction will be subject to a hold period of six months from the date of closing. The transaction has been approved at the 25th Meeting of the company’s 5th Directorate and the 17th Meeting of the 5th Supervisory board and is subject to the approvals of the company’s Shareholders and the China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥63.45, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 333% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥76.59 per share. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥51.85, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥78.53 per share. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥41.73, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥74.76 per share. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.44 (up from CN¥0.10 in 1Q 2021). Revenue: CN¥5.65b (up 66% from 1Q 2021). Net income: CN¥215.4m (up 388% from 1Q 2021). Profit margin: 3.8% (up from 1.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Over the next year, revenue is expected to shrink by 4.5% compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
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. 11 experienced directors. No highly experienced directors. 2 independent directors (7 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. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥37.94, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 125% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥1.66 (vs CN¥0.12 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥4.64b (up 53% from 2Q 2020). Net income: CN¥107.9m (up CN¥157.3m from 2Q 2020). Profit margin: 2.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.09 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥3.41b (up 30% from 1Q 2020). Net income: CN¥44.2m (up 20% from 1Q 2020). Profit margin: 1.3% (down from 1.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥11.92 The company is down 1.0% from its price of CN¥12.10 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥12.90, the stock is trading at a trailing P/E ratio of 50.2x, down from the previous P/E ratio of 59.7x. This compares to an average P/E of 30x in the Metals and Mining industry in China. Total return to shareholders over the past year is a loss of 18%. Is New 90 Day High Low • Dec 17
New 90-day high: CN¥14.75 The company is up 2.0% from its price of CN¥14.50 on 18 September 2020. The Chinese market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Metals and Mining industry, which is up 5.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥105.0m, down 64% from the prior year. Total revenue was CN¥11.9b over the last 12 months, up 8.9% from the prior year. Announcement • Oct 30
Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd to Report Q3, 2020 Results on Oct 30, 2020 Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 28
New 90-day low: CN¥13.14 The company is down 20% from its price of CN¥16.39 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 Metals and Mining industry, which is down 8.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥13.15 The company is down 5.0% from its price of CN¥13.88 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. Announcement • Jul 10
Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd to Report First Half, 2020 Results on Aug 28, 2020 Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd announced that they will report first half, 2020 results on Aug 28, 2020 
