Board Change • Jul 29
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. 5 highly experienced directors. Independent Director Liping Chen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 13
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 17% lower than last year. Ex-date: 15th July 2026 Payment date: 15th July 2026 Dividend yield will be 0.06%, which is lower than the industry average of 2.0%. Announcement • Jun 30
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • May 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Apr 28
Kunshan Kinglai Hygienic Materials Co.,Ltd., Annual General Meeting, May 19, 2026 Kunshan Kinglai Hygienic Materials Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Announcement • Mar 31
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Oct 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 9.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks High level of debt (66% net debt to equity). Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.088 (vs CN¥0.14 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.088 (down from CN¥0.14 in 3Q 2024). Revenue: CN¥845.3m (up 14% from 3Q 2024). Net income: CN¥37.1m (down 36% from 3Q 2024). Profit margin: 4.4% (down from 7.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 09
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 9.0% 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 (9.0% average weekly change). Minor Risk High level of debt (62% net debt to equity). Announcement • Sep 30
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 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. 5 experienced directors. 6 highly experienced directors. Independent Director Liping Chen was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 18
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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Share price has been volatile over the past 3 months (7.1% average weekly change). Declared Dividend • Jul 16
Dividend of CN¥0.06 announced Shareholders will receive a dividend of CN¥0.06. Ex-date: 18th July 2025 Payment date: 18th July 2025 Dividend yield will be 0.2%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 14%. Announcement • Jul 02
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • May 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 58% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk High level of debt (58% net debt to equity). Buy Or Sell Opportunity • May 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥33.91. The fair value is estimated to be CN¥27.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 136% in the next 2 years. Reported Earnings • Apr 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.56 (down from CN¥0.58 in FY 2023). Revenue: CN¥2.85b (up 5.1% from FY 2023). Net income: CN¥226.3m (down 4.1% from FY 2023). Profit margin: 7.9% (down from 8.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Kunshan Kinglai Hygienic Materials Co.,Ltd., Annual General Meeting, May 27, 2025 Kunshan Kinglai Hygienic Materials Co.,Ltd., Annual General Meeting, May 27, 2025, at 14:30 China Standard Time. Announcement • Mar 31
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.6% 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥33.07, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.73, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Machinery industry in China. Total loss to shareholders of 6.5% over the past three years. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.58 in FY 2023) Full year 2024 results: EPS: CN¥0.61 (up from CN¥0.58 in FY 2023). Revenue: CN¥2.86b (up 5.4% from FY 2023). Net income: CN¥249.4m (up 5.7% from FY 2023). Profit margin: 8.7% (in line with FY 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.26, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 8.1% over the past three years. Announcement • Dec 31
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 New Risk • Oct 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.14 in 3Q 2023). Revenue: CN¥743.3m (up 4.9% from 3Q 2023). Net income: CN¥57.6m (flat on 3Q 2023). Profit margin: 7.7% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥23.31, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Sep 30
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥20.37, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥729.4m (up 16% from 2Q 2023). Net income: CN¥72.0m (up 27% from 2Q 2023). Profit margin: 9.9% (in line with 2Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery 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 fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Jul 23
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Jul 10
Kunshan Kinglai Hygienic Materials Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 16 July 2024 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.60297700 on A shares for the year 2023. Record date: 15 July 2024. Ex-date: 16 July 2024. Payment date: 16 July 2024. Announcement • Jun 29
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥24.77, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 162% over the past three years. Announcement • Apr 28
Kunshan Kinglai Hygienic Materials Co.,Ltd., Annual General Meeting, May 22, 2024 Kunshan Kinglai Hygienic Materials Co.,Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider 2023 annual report and its summary; to consider confirmation of 2023 remuneration for directors, supervisors and senior management and the 2024 remuneration plan; to consider amendments to the company's articles of association; to consider formulation of and amendments to the company's some management systems; to consider application for comprehensive credit line to banks by the company and subsidiaries; to consider provision of guarantee for bank comprehensive credit line of wholly-owned subsidiaries; and to consider other matters. Announcement • Apr 27
Kunshan Kinglai Hygienic Materials Co.,Ltd. Proposes Final Cash Dividend for the Year 2023 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Final cash dividend of CNY 0.60000000 per ten shares (tax included). Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥688.8m (up 7.8% from 1Q 2023). Net income: CN¥68.5m (up 27% from 1Q 2023). Profit margin: 9.9% (up from 8.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.60 (vs CN¥0.84 in FY 2022) Full year 2023 results: EPS: CN¥0.60 (down from CN¥0.84 in FY 2022). Revenue: CN¥2.72b (up 3.9% from FY 2022). Net income: CN¥243.3m (down 29% from FY 2022). Profit margin: 8.9% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥24.32, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 198% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥17.33, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Machinery industry in China. Total returns to shareholders of 146% over the past three years. Announcement • Dec 30
Kunshan Kinglai Hygienic Materials Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.15, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 207% over the past three years. New Risk • Nov 03
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 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.2% average weekly change). High level of non-cash earnings (20% accrual ratio). New Risk • Oct 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Sep 21
Kunshan Kinglai Hygienic Materials Co.,Ltd. Approves Election of Chen Liping as Independent Director Kunshan Kinglai Hygienic Materials Co.,Ltd. at its 3rd Extraordinary General Meeting of 2023 on 19 September 2023 approved Election of Chen Liping as independent director. Announcement • Aug 31
Kunshan Kinglai Hygienic Materials Co.,Ltd. (SZSE:300260) announces an Equity Buyback for CNY 100 million worth of its shares. Kunshan Kinglai Hygienic Materials Co.,Ltd. (SZSE:300260) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price of not more than CNY 43 per share. The repurchased shares will be used for ESOP or equity incentives. The plan will be valid for 12 months from the Board of Directors' approval. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.19 in 2Q 2022). Revenue: CN¥629.4m (up 5.7% from 2Q 2022). Net income: CN¥56.9m (down 25% from 2Q 2022). Profit margin: 9.0% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥68.09, the stock trades at a trailing P/E ratio of 48.4x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 270% over the past three years. Announcement • Jun 10
Kunshan Kinglai Hygienic Materials Co.,Ltd. Implements Final Profit Distribution Plan (A Shares) for 2022, Payable on 16 June 2023 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.60000000. Record date: 15 June 2023, Ex-date: 16 June 2023, Payment date: 16 June 2023. Announcement • May 20
Kunshan Kinglai Hygienic Materials Co.,Ltd. Approves Cash Dividend for the Year 2022 Kunshan Kinglai Hygienic Materials Co.,Ltd. at its Annual General Meeting held on 18 May 2023, approved cash dividend/10 shares (tax included) of CNY 1.60000000 for the year 2022. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.35 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.24 (down from CN¥0.35 in 1Q 2022). Revenue: CN¥638.7m (up 1.6% from 1Q 2022). Net income: CN¥53.8m (down 33% from 1Q 2022). Profit margin: 8.4% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥72.12, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 421% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥78.63, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 464% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥65.88, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 351% over the past three years. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥1.55 (vs CN¥0.75 in FY 2021) Full year 2022 results: EPS: CN¥1.55 (up from CN¥0.75 in FY 2021). Revenue: CN¥2.63b (up 28% from FY 2021). Net income: CN¥350.0m (up 106% from FY 2021). Profit margin: 13% (up from 8.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.52 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥766.1m (up 32% from 3Q 2021). Net income: CN¥119.0m (up 126% from 3Q 2021). Profit margin: 16% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥80.16, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 13x in the Building industry in China. Total returns to shareholders of 563% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥87.48, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 15x in the Building industry in China. Total returns to shareholders of 585% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥595.7m (up 27% from 2Q 2021). Net income: CN¥76.3m (up 113% from 2Q 2021). Profit margin: 13% (up from 7.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 43% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥72.10, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 11x in the Building industry in China. Total returns to shareholders of 518% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥54.13 per share. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥61.44, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 13x in the Building industry in China. Total returns to shareholders of 314% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥54.53 per share. Announcement • Jul 02
Kunshan Kinglai Hygienic Materials Co.,Ltd. Announces Final Cash Dividend for the Year 2021, Payable on July 8, 2022 Kunshan Kinglai Hygienic Materials Co.,Ltd. announced final cash dividend of CNY 0.80000000 per 10 shares (tax included). Record date is 07 July 2022. Ex-date is 08 July 2022. Payment date is 08 July 2022. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥46.54, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 271% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.65 per share. Announcement • May 28
Kunshan Kinglai Hygienic Materials Co.,Ltd. Approves Cash Dividend for the Year 2021 Kunshan Kinglai Hygienic Materials Co.,Ltd. at its annual general meeting held on May 24, 2022, approved profit distribution plan of cash dividend of CNY 0.80000000/10 shares (tax included). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥40.14, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 255% over the past three years. Announcement • Apr 27
Kunshan Kinglai Hygienic Materials Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 Kunshan Kinglai Hygienic Materials Co.,Ltd. proposed final cash dividend CNY 0.80 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥628.6m (up 47% from 1Q 2021). Net income: CN¥79.8m (up 149% from 1Q 2021). Profit margin: 13% (up from 7.5% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 29%, compared to a 23% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Hongqing Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 10
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥0.75 (up from CN¥0.41 in FY 2020). Revenue: CN¥2.05b (up 55% from FY 2020). Net income: CN¥170.6m (up 107% from FY 2020). Profit margin: 8.3% (up from 6.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 32%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 43% per year. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥42.29, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 13x in the Building industry in China. Total returns to shareholders of 234% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥48.72, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 14x in the Building industry in China. Total returns to shareholders of 345% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥581.8m (up 56% from 3Q 2020). Net income: CN¥52.7m (up 82% from 3Q 2020). Profit margin: 9.1% (up from 7.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥36.12, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 291% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥37.31, the stock trades at a trailing P/E ratio of 68.8x. Average trailing P/E is 24x in the Building industry in China. Total returns to shareholders of 221% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥469.7m (up 40% from 2Q 2020). Net income: CN¥35.9m (up 55% from 2Q 2020). Profit margin: 7.6% (up from 6.9% 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 39% per year whereas the company’s share price has increased by 35% per year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥24.87, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 24x in the Building industry in China. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥28.54, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 22x in the Building industry in China. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥24.51, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 24x in the Building industry in China. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥19.91, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 24x in the Building industry in China. Total returns to shareholders of 26% over the past three years. Announcement • May 21
Kunshan Kinglai Hygienic Materials Co.,Ltd. Approves Cash Dividend for 2020 Kunshan Kinglai Hygienic Materials Co.,Ltd. approved Cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2020, at the AGM held on May 18, 2021. Announcement • Apr 29
Kunshan Kinglai Hygienic Materials Co.,Ltd. Proposes Final Cash Dividend for 2020 Kunshan Kinglai Hygienic Materials Co.,Ltd. proposed final cash dividend of CNY 0.50 per ten shares (tax included) for 2020. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.05 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥426.8m (up 57% from 1Q 2020). Net income: CN¥32.0m (up 200% from 1Q 2020). Profit margin: 7.5% (up from 3.9% 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 38% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.