Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥30.04, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Announcement • Jun 30
Zhejiang Xinhua Chemical Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥34.79, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Chemicals industry in China. Negligible returns to shareholders over past three years. Declared Dividend • Jun 15
Dividend reduced to CN¥0.40 Dividend of CN¥0.40 is 11% lower than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (379% cash payout ratio). The dividend has increased over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥42.15, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 25% over the past three years. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.37 (vs CN¥0.38 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.37. Revenue: CN¥821.6m (up 7.4% from 1Q 2025). Net income: CN¥81.3m (up 14% from 1Q 2025). Profit margin: 9.9% (in line with 1Q 2025). Announcement • Apr 25
Zhejiang Xinhua Chemical Co.,Ltd, Annual General Meeting, May 15, 2026 Zhejiang Xinhua Chemical Co.,Ltd, Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: No. 909, Xin'anjiang Road, Yangxi Subdistrict, Jiande, Zhejiang China Announcement • Mar 30
Zhejiang Xinhua Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥36.48, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 27x in the Chemicals industry in China. Total loss to shareholders of 5.3% over the past three years. New Risk • Jan 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Dec 26
Zhejiang Xinhua Chemical Co.,Ltd to Report Fiscal Year 2025 Results on Apr 25, 2026 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in 3Q 2024). Revenue: CN¥715.1m (up 1.3% from 3Q 2024). Net income: CN¥36.9m (up 12% from 3Q 2024). Profit margin: 5.2% (up from 4.7% in 3Q 2024). Revenue is forecast to grow 13% 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 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 30
Zhejiang Xinhua Chemical Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Zhejiang Xinhua Chemical Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 15
Dividend of CN¥0.45 announced Dividend of CN¥0.45 is the same as last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.7% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Zhejiang Xinhua Chemical Co.,Ltd, Annual General Meeting, May 20, 2025 Zhejiang Xinhua Chemical Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Announcement • Mar 28
Zhejiang Xinhua Chemical Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Zhejiang Xinhua Chemical Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.35 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥706.2m (up 9.3% from 3Q 2023). Net income: CN¥33.0m (down 50% from 3Q 2023). Profit margin: 4.7% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 increased by 4% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 3.9% over the past three years. Announcement • Sep 30
Zhejiang Xinhua Chemical Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥23.75, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 2.3% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.33 in 2Q 2023). Revenue: CN¥739.1m (up 24% from 2Q 2023). Net income: CN¥71.1m (up 19% from 2Q 2023). Profit margin: 9.6% (in line with 2Q 2023). Revenue is forecast to grow 18% 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 increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Zhejiang Xinhua Chemical Co.,Ltd to Report First Half, 2024 Results on Aug 21, 2024 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report first half, 2024 results on Aug 21, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.42 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.41 (down from CN¥0.42 in 1Q 2023). Revenue: CN¥743.8m (up 12% from 1Q 2023). Net income: CN¥76.1m (down 2.8% from 1Q 2023). Profit margin: 10% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% 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 11% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 27
Zhejiang Xinhua Chemical Co.,Ltd, Annual General Meeting, May 16, 2024 Zhejiang Xinhua Chemical Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiande, Zhejiang China Announcement • Mar 29
Zhejiang Xinhua Chemical Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥21.18, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Chemicals industry in China. Total returns to shareholders of 24% over the past three years. Announcement • Dec 30
Zhejiang Xinhua Chemical Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Announcement • Dec 13
Zhejiang Xinhua Chemical Co.,Ltd (SHSE:603867) announces an Equity Buyback for CNY 60 million worth of its shares. Zhejiang Xinhua Chemical Co.,Ltd (SHSE:603867) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. Shares will be repurchased at a price not more than CNY 48.59 per Share. All the shares repurchased will be used for ESOP or equity incentives. The program will be valid for a period of 12 months. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.30 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.30 in 3Q 2022). Revenue: CN¥645.8m (up 3.6% from 3Q 2022). Net income: CN¥66.4m (up 19% from 3Q 2022). Profit margin: 10% (up from 9.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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 19% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.50 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.33 (down from CN¥0.50 in 2Q 2022). Revenue: CN¥595.5m (down 13% from 2Q 2022). Net income: CN¥59.6m (down 35% from 2Q 2022). Profit margin: 10.0% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% 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 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Zhejiang Xinhua Chemical Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.55 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.42 (down from CN¥0.55 in 1Q 2022). Revenue: CN¥662.1m (down 7.3% from 1Q 2022). Net income: CN¥78.3m (down 22% from 1Q 2022). Profit margin: 12% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). CFO & Director Yiqin Hong was the last director to join the board, commencing their role in 2021. 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 • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥31.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Chemicals industry in China. Total returns to shareholders of 82% over the past three years. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.069 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.069 in 3Q 2021). Revenue: CN¥623.3m (up 14% from 3Q 2021). Net income: CN¥55.9m (up 341% from 3Q 2021). Profit margin: 9.0% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% 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 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CN¥0.93 (vs CN¥0.22 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.93 (up from CN¥0.22 in 2Q 2021). Revenue: CN¥682.2m (up 4.1% from 2Q 2021). Net income: CN¥91.8m (up 127% from 2Q 2021). Profit margin: 14% (up from 6.2% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥34.82, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥26.00, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.71 (up from CN¥0.41 in 1Q 2021). Revenue: CN¥713.8m (up 6.0% from 1Q 2021). Net income: CN¥100.4m (up 77% from 1Q 2021). Profit margin: 14% (up from 8.4% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.23 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥548.7m (down 11% from 3Q 2020). Net income: CN¥12.7m (down 61% from 3Q 2020). Profit margin: 2.3% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥36.20, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 33% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.73 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥655.3m (down 8.6% from 2Q 2020). Net income: CN¥40.5m (down 61% from 2Q 2020). Profit margin: 6.2% (down from 14% in 2Q 2020). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥27.39, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 4.4% over the past year. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥28.37, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥27.34, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 19% over the past year. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥1.47 (vs CN¥1.01 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.32b (up 35% from FY 2019). Net income: CN¥205.5m (up 66% from FY 2019). Profit margin: 8.9% (up from 7.2% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥22.10 The company is down 21% from its price of CN¥27.85 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.39 per share. Is New 90 Day High Low • Dec 17
New 90-day low: CN¥24.93 The company is down 12% from its price of CN¥28.20 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.45 per share. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥30.19 The company is up 13% from its price of CN¥26.60 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.64 per share. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥25.31 The company is down 9.0% from its price of CN¥27.80 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.59 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥172.3m, up 11% from the prior year. Total revenue was CN¥2.08b over the last 12 months, up 9.9% from the prior year. Announcement • Jul 10
Zhejiang Xinhua Chemical Co.,Ltd to Report First Half, 2020 Results on Aug 28, 2020 Zhejiang Xinhua Chemical Co.,Ltd announced that they will report first half, 2020 results on Aug 28, 2020 
