Announcement • Jun 30
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report First Half, 2026 Results on Aug 26, 2026 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report first half, 2026 results on Aug 26, 2026 Reported Earnings • Apr 23
First quarter 2026 earnings released: CN¥0.03 loss per share (vs CN¥0.05 profit in 1Q 2025) First quarter 2026 results: CN¥0.03 loss per share (down from CN¥0.05 profit in 1Q 2025). Revenue: CN¥307.9m (down 36% from 1Q 2025). Net loss: CN¥17.6m (down 158% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD., Annual General Meeting, May 18, 2026 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 2F, Building 4, Zhihe Plaza, Tianning District, Changzhou, Jiangsu China New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 7.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (124% payout ratio). Announcement • Mar 30
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Q1, 2026 Results on Apr 23, 2026 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report Q1, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.28, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Metals and Mining industry in China. Total loss to shareholders of 5.2% over the past three years. Reported Earnings • Mar 05
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.14 (down from CN¥0.22 in FY 2024). Revenue: CN¥2.31b (down 13% from FY 2024). Net income: CN¥78.1m (down 38% from FY 2024). Profit margin: 3.4% (down from 4.7% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 20% 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 fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Dec 26
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Fiscal Year 2025 Results on Apr 23, 2026 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report fiscal year 2025 results on Apr 23, 2026 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 Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Dividend is not well covered by earnings (124% payout ratio). Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.052 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.052 in 3Q 2024). Revenue: CN¥597.4m (up 7.0% from 3Q 2024). Net income: CN¥11.3m (down 63% from 3Q 2024). Profit margin: 1.9% (down from 5.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Oct 13
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 7.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Announcement • Sep 30
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Q3, 2025 Results on Oct 29, 2025 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report Q3, 2025 results on Oct 29, 2025 Buy Or Sell Opportunity • Sep 25
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to CN¥8.88. The fair value is estimated to be CN¥7.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 327% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.55, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.07 per share. New Risk • Sep 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Announcement • Jun 30
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report First Half, 2025 Results on Aug 27, 2025 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report first half, 2025 results on Aug 27, 2025 Price Target Changed • Apr 30
Price target decreased by 22% to CN¥5.40 Down from CN¥6.90, the current price target is provided by 1 analyst. New target price is 5.7% above last closing price of CN¥5.11. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.22 last year. Reported Earnings • Apr 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.22 (down from CN¥0.63 in FY 2023). Revenue: CN¥2.65b (down 25% from FY 2023). Net income: CN¥125.7m (down 64% from FY 2023). Profit margin: 4.7% (down from 10.0% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD., Annual General Meeting, May 20, 2025 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Staff Training Room, Changzhou, Jiangsu China Announcement • Mar 28
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Q1, 2025 Results on Apr 28, 2025 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Dec 27
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Fiscal Year 2024 Results on Apr 28, 2025 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.052 (vs CN¥0.16 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.052 (down from CN¥0.16 in 3Q 2023). Revenue: CN¥558.4m (down 37% from 3Q 2023). Net income: CN¥30.7m (down 66% from 3Q 2023). Profit margin: 5.5% (down from 10.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 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 increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.52b to CN¥3.24b. EPS estimate also fell from CN¥0.635 per share to CN¥0.55 per share. Net income forecast to grow 8.8% next year vs 39% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥6.70 to CN¥6.90. Share price was steady at CN¥5.61 over the past week. Announcement • Sep 30
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 45% over the past three years. Announcement • Sep 10
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878) announces an Equity Buyback for CNY 30 million worth of its shares. Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878) 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 8.28 per share. The company intends to repurchase shares for the implementation of employee stock ownership plans or equity incentives. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months. Major Estimate Revision • Sep 03
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.12b to CN¥3.52b. EPS estimate fell from CN¥0.805 to CN¥0.635 per share. Net income forecast to grow 24% next year vs 40% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥10.25 to CN¥6.70. Share price fell 2.9% to CN¥5.08 over the past week. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Jian Dong Mao was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥801.6m (down 17% from 2Q 2023). Net income: CN¥71.9m (down 36% from 2Q 2023). Profit margin: 9.0% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to CN¥6.42. The fair value is estimated to be CN¥8.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Announcement • Jun 29
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Jun 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥6.93. The fair value is estimated to be CN¥8.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥7.01, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.73 per share. Buy Or Sell Opportunity • May 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to CN¥8.57. The fair value is estimated to be CN¥7.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Apr 27
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD., Annual General Meeting, May 21, 2024 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: The Company's Staff Training Room, Changzhou, Jiangsu China Price Target Changed • Apr 26
Price target increased by 14% to CN¥10.25 Up from CN¥9.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥8.47. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.39 last year. Major Estimate Revision • Apr 26
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¥4.68b to CN¥4.32b. EPS estimate also fell from CN¥1.06 per share to CN¥0.935 per share. Net income forecast to grow 43% next year vs 37% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥9.00 to CN¥10.25. Share price fell 9.3% to CN¥8.47 over the past week. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.34, 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 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.05 per share. Announcement • Mar 29
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Mar 29
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to CN¥8.87. The fair value is estimated to be CN¥7.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. 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¥5.86, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.60 per share. Announcement • Dec 29
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.16 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥892.3m (up 16% from 3Q 2022). Net income: CN¥88.9m (up 46% from 3Q 2022). Profit margin: 10.0% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 12% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.16 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥892.3m (up 16% from 3Q 2022). Net income: CN¥88.9m (up 46% from 3Q 2022). Profit margin: 10.0% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 12% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.094 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.094 in 2Q 2022). Revenue: CN¥960.1m (up 37% from 2Q 2022). Net income: CN¥111.4m (up 123% from 2Q 2022). Profit margin: 12% (up from 7.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jun 28
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report First Half, 2023 Results on Aug 22, 2023 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 06
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.54 (up from CN¥0.44 in FY 2021). Revenue: CN¥2.83b (up 4.9% from FY 2021). Net income: CN¥215.1m (up 22% from FY 2021). Profit margin: 7.6% (up from 6.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 31% 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 fallen by 22% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Feb 02
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.54 (up from CN¥0.44 in FY 2021). Revenue: CN¥2.83b (up 4.9% from FY 2021). Net income: CN¥215.2m (up 22% from FY 2021). Profit margin: 7.6% (up from 6.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 31% p.a. on average during the next 2 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 fallen by 22% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yu Tao 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. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.14 in 3Q 2021). Revenue: CN¥770.3m (up 18% from 3Q 2021). Net income: CN¥60.8m (up 6.3% from 3Q 2021). Profit margin: 7.9% (down from 8.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10.0% 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 26% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥9.86, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 65% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥701.2m (flat on 2Q 2021). Net income: CN¥50.1m (up 1.7% from 2Q 2021). Profit margin: 7.1% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.4%, 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 fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.08 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥566.9m (down 12% from 1Q 2021). Net income: CN¥32.4m (down 36% from 1Q 2021). Profit margin: 5.7% (down from 7.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.44 (down from CN¥0.55 in FY 2020). Revenue: CN¥2.70b (up 12% from FY 2020). Net income: CN¥174.8m (down 21% from FY 2020). Profit margin: 6.5% (down from 9.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is expected to shrink by 5.7% compared to a 26% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.14 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥654.4m (up 7.6% from 3Q 2020). Net income: CN¥57.2m (up 1.8% from 3Q 2020). Profit margin: 8.7% (down from 9.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Price Target Changed • Aug 28
Price target decreased to CN¥7.86 Down from CN¥10.02, the current price target is provided by 1 analyst. New target price is 11% above last closing price of CN¥7.07. Stock is down 14% over the past year. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.20 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥699.8m (flat on 2Q 2020). Net income: CN¥49.2m (down 37% from 2Q 2020). Profit margin: 7.0% (down from 11% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.14 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥644.9m (up 40% from 1Q 2020). Net income: CN¥50.6m (down 11% from 1Q 2020). Profit margin: 7.8% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 11
New 90-day high: CN¥8.20 The company is up 5.0% from its price of CN¥7.84 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥7.02 The company is down 12% from its price of CN¥8.02 on 28 October 2020. The Chinese market is up 12% 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. Is New 90 Day High Low • Dec 31
New 90-day low: CN¥7.62 The company is down 14% from its price of CN¥8.89 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥7.84 The company is down 15% from its price of CN¥9.21 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥8.02 The company is down 2.0% from its price of CN¥8.21 on 30 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Metals and Mining industry, which is down 8.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥258.3m, down 14% from the prior year. Total revenue was CN¥2.35b over the last 12 months, up 2.5% from the prior year. Announcement • Oct 19
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. to Report Q3, 2020 Results on Oct 23, 2020 Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. announced that they will report Q3, 2020 results on Oct 23, 2020 Price Target Changed • Oct 14
Price target raised to CN¥11.72 Up from CN¥10.02, the current price target is provided by 1 analyst. The new target price is 33% above the current share price of CN¥8.78. As of last close, the stock is up 25% over the past year. Is New 90 Day High Low • Sep 18
New 90-day high: CN¥9.61 The company is up 14% from its price of CN¥8.43 on 19 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period.