Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥14.01, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years. Announcement • Jun 30
Zhuzhou Times New Material Technology Co., Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥15.73, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 49% over the past three years. Board Change • May 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Zhifang Zhou was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 08
Zhuzhou Times New Material Technology Co., Ltd., Annual General Meeting, May 28, 2026 Zhuzhou Times New Material Technology Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: No. 639, Heilongjiang Road, Tianyuan District, Zhuzhou, Hunan China Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.17. Revenue: CN¥4.46b (up 7.2% from 1Q 2025). Net income: CN¥158.2m (up 4.4% from 1Q 2025). Profit margin: 3.5% (in line with 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Mar 30
Zhuzhou Times New Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.59 (up from CN¥0.55 in FY 2024). Revenue: CN¥21.5b (up 7.1% from FY 2024). Net income: CN¥513.6m (up 16% from FY 2024). Profit margin: 2.4% (up from 2.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 14% 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 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
Zhuzhou Times New Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.10 in 3Q 2024). Revenue: CN¥5.69b (up 29% from 3Q 2024). Net income: CN¥124.9m (up 51% from 3Q 2024). Profit margin: 2.2% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Announcement • Sep 30
Zhuzhou Times New Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Aug 28
Zhejiang Bofay Electric Co., Ltd. (SZSE:001255) agreed to acquire remaining 10% stake in Zhuzhou Times Electrical Insulation Co., Ltd. from Zhuzhou Times New Material Technology Co., Ltd. (SHSE:600458) for CNY 17.2 million. Zhejiang Bofay Electric Co., Ltd. (SZSE:001255) agreed to acquire remaining 10% stake in Zhuzhou Times Electrical Insulation Co., Ltd. from Zhuzhou Times New Material Technology Co., Ltd. (SHSE:600458) for CNY 17.2 million on March 21, 2025. Zhejiang Bofay Electric Co., Ltd. (SZSE:001255) signed a contract to acquire remaining 10% stake in Zhuzhou Times Electrical Insulation Co., Ltd. from Zhuzhou Times New Material Technology Co., Ltd. on April 14, 2025. A cash consideration of CNY 17.2 million will be paid by Zhejiang Bofay Electric Co., Ltd. Upon completion, Zhejiang Bofay Electric Co., Ltd. will own 100% stake in Zhuzhou Times Electrical Insulation Co., Ltd. The transaction will be financed through equity investment of CNY 17.2 million.
The transaction has been approved by the board of Zhuzhou Times New Material Technology. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.12 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.12 in 2Q 2024). Revenue: CN¥5.10b (up 14% from 2Q 2024). Net income: CN¥151.7m (up 49% from 2Q 2024). Profit margin: 3.0% (up from 2.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Zhuzhou Times New Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Apr 30
Zhuzhou Times New Material Technology Co., Ltd., Annual General Meeting, May 21, 2025 Zhuzhou Times New Material Technology Co., Ltd., Annual General Meeting, May 21, 2025, at 14:00 China Standard Time. Location: No. 639, Heilongjiang Road, Tianyuan District, Zhuzhou, Hunan China Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: CN¥0.55 (vs CN¥0.48 in FY 2023) Full year 2024 results: EPS: CN¥0.55 (up from CN¥0.48 in FY 2023). Revenue: CN¥20.1b (up 14% from FY 2023). Net income: CN¥444.9m (up 15% from FY 2023). Profit margin: 2.2% (in line with FY 2023). Revenue is forecast to grow 10% 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 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Zhuzhou Times New Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Zhuzhou Times New Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.09 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.09 in 3Q 2023). Revenue: CN¥4.40b (flat on 3Q 2023). Net income: CN¥82.8m (up 16% from 3Q 2023). Profit margin: 1.9% (up from 1.6% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.62, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 18% over the past three years. Announcement • Sep 30
Zhuzhou Times New Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Zhuzhou Times New Material Technology 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 23% After last week's 23% share price gain to CN¥10.81, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 11% over the past three years. New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.807 to CN¥0.723 per share. Revenue forecast steady at CN¥19.4b. Net income forecast to grow 57% next year vs 45% growth forecast for Chemicals industry in China. Consensus price target down from CN¥13.93 to CN¥12.13. Share price was steady at CN¥9.25 over the past week. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥4.46b (up 6.0% from 2Q 2023). Net income: CN¥101.9m (up 8.1% from 2Q 2023). Profit margin: 2.3% (up from 2.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 23
Price target decreased by 7.2% to CN¥13.93 Down from CN¥15.00, the current price target is an average from 2 analysts. New target price is 54% above last closing price of CN¥9.06. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.82 for next year compared to CN¥0.48 last year. Announcement • Jun 28
Zhuzhou Times New Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • May 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Dividend is not well covered by cash flows (426% cash payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Announcement • May 01
Zhuzhou Times New Material Technology Co., Ltd., Annual General Meeting, May 22, 2024 Zhuzhou Times New Material Technology Co., Ltd., Annual General Meeting, May 22, 2024, at 14:00 China Standard Time. Location: No. 18, Haitian Road, Tianyuan District, Zhuzhou, Hunan China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥4.21b (up 4.8% from 1Q 2023). Net income: CN¥120.0m (up 11% from 1Q 2023). Profit margin: 2.9% (up from 2.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 03
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.48 (up from CN¥0.44 in FY 2022). Revenue: CN¥17.5b (up 17% from FY 2022). Net income: CN¥386.2m (up 8.3% from FY 2022). Profit margin: 2.2% (down from 2.4% in FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 12% p.a. on average during the next 3 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 3% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 53% over the past three years. Announcement • Mar 29
Zhuzhou Times New Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Chemicals industry in China. Total returns to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.15 per share. Announcement • Dec 29
Zhuzhou Times New Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Dec 28
Zhuzhou Times New Material Technology Co., Ltd. announced that it expects to receive CNY 661.31 million in funding from CRRC Corporation Limited Zhuzhou Times New Material Technology Co., Ltd. announced that it has entered into a share purchase agreement to issue 247,361,446 A shares at a price of CNY 2.673456 for the gross proceeds of CNY 661,310,000 on December 26, 2023. The transaction will include participation from new investor, CRRC Corporation Limited. Announcement • Dec 27
Zhuzhou Times New Material Technology Co., Ltd. announced that it expects to receive CNY 1.3 billion in funding from CRRC Corporation Limited and other investors Zhuzhou Times New Material Technology Co., Ltd. announced a private placement of 247,361,446 A shares for the gross proceeds of CNY 1,300,000,000 on December 26, 2023. The transaction will include participation from new investor CRRC Corporation Limited and other 34 investors. The transaction has been approved by the 30th (Extraordinary) Meeting of the Company’s 9th Directorate and the 22nd (Extraordinary) Meeting of the 9th Supervisory Board, and is subject to the approvals of the Company’s Shareholders, the State-owned Assets Supervision and Administration Commission or its authorized unit, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. CRRC Corporation Limited will invest CNY 661,310,000. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.08 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.08 in 2Q 2022). Revenue: CN¥4.20b (up 26% from 2Q 2022). Net income: CN¥94.3m (up 47% from 2Q 2022). Profit margin: 2.2% (up from 1.9% in 2Q 2022). Revenue is forecast to grow 10% 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 11% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥0.44 (vs CN¥0.23 in FY 2021) Full year 2022 results: EPS: CN¥0.44 (up from CN¥0.23 in FY 2021). Revenue: CN¥15.0b (up 7.0% from FY 2021). Net income: CN¥356.5m (up 97% from FY 2021). Profit margin: 2.4% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. 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. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Jun Yang was the last 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. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.021 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.021 in 3Q 2021). Revenue: CN¥3.42b (up 9.1% from 3Q 2021). Net income: CN¥66.5m (up 298% from 3Q 2021). Profit margin: 1.9% (up from 0.5% in 3Q 2021). 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.071 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.071 in 2Q 2021). Revenue: CN¥3.33b (down 13% from 2Q 2021). Net income: CN¥64.1m (up 11% from 2Q 2021). Profit margin: 1.9% (up from 1.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥11.11, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 32% over the past three years. Board Change • Jun 20
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. 3 independent directors (4 non-independent directors). Director Jun Yang was the last 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. Insufficient board refreshment. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.10 (vs CN¥0.10 in 1Q 2021). Revenue: CN¥3.80b (flat on 1Q 2021). Net income: CN¥77.1m (flat on 1Q 2021). Profit margin: 2.0% (in line with 1Q 2021). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 300%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.23 (down from CN¥0.41 in FY 2020). Revenue: CN¥14.1b (down 6.8% from FY 2020). Net income: CN¥181.4m (down 44% from FY 2020). Profit margin: 1.3% (down from 2.2% in FY 2020). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 300%. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥14.01, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 32x in the Chemicals industry in China. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.10, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 99% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥3.13b (down 25% from 3Q 2020). Net income: CN¥16.7m (down 88% from 3Q 2020). Profit margin: 0.5% (down from 3.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥9.93, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 31% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.071 (vs CN¥0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.84b (up 8.4% from 2Q 2020). Net income: CN¥57.7m (up 402% from 2Q 2020). Profit margin: 1.5% (up from 0.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.01 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.79b (up 63% from 1Q 2020). Net income: CN¥76.7m (up CN¥68.3m from 1Q 2020). Profit margin: 2.0% (up from 0.4% in 1Q 2020). The increase in margin was driven by higher revenue. 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 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.41 (vs CN¥0.07 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥15.1b (up 34% from FY 2019). Net income: CN¥326.6m (up CN¥272.7m from FY 2019). Profit margin: 2.2% (up from 0.5% in FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 09
Zhuzhou Times New Material Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥7.13, the stock is trading at a trailing P/E ratio of 33.2x, down from the previous P/E ratio of 41.3x. This compares to an average P/E of 34x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 6.5%. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥7.34 The company is down 1.0% from its price of CN¥7.44 on 06 November 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 20% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥9.15 The company is up 39% from its price of CN¥6.58 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: CN¥8.15 The company is up 15% from its price of CN¥7.06 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥7.92 The company is up 9.0% from its price of CN¥7.24 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 7.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥195.8m, with earnings increasing by CN¥690.0m from the prior year. Total revenue was CN¥13.3b over the last 12 months, up 14% from the prior year. Announcement • Oct 30
Zhuzhou Times New Material Technology Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥6.58 The company is down 1.0% from its price of CN¥6.64 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 Chemicals industry, which is up 15% over the same period. Announcement • Jul 09
Zhuzhou Times New Material Technology Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Zhuzhou Times New Material Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 
