Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥22.65, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 48x in the Chemicals industry in China. Total loss to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥19.38, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 50x in the Chemicals industry in China. Total loss to shareholders of 18% over the past three years. New Risk • Apr 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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: Major Risk Earnings have declined by 16% per year over the past 5 years. 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. Announcement • Apr 13
Shandong Kaisheng New Materials Co.,Ltd., Annual General Meeting, May 08, 2026 Shandong Kaisheng New Materials Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.13 in FY 2024) Full year 2025 results: EPS: CN¥0.30 (up from CN¥0.13 in FY 2024). Revenue: CN¥1.03b (up 11% from FY 2024). Net income: CN¥128.4m (up 129% from FY 2024). Profit margin: 13% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Shandong Kaisheng New Materials Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 New Risk • Jan 26
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. 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 (9.1% average weekly change). Large one-off items impacting financial results. Announcement • Dec 31
Shandong Kaisheng New Materials Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 Declared Dividend • Nov 17
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 18th November 2025 Payment date: 18th November 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 63% 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: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.065 (vs CN¥0.004 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.065 (up from CN¥0.004 loss in 3Q 2024). Revenue: CN¥241.5m (up 20% from 3Q 2024). Net income: CN¥27.3m (up CN¥29.0m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Oct 08
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 Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
Shandong Kaisheng New Materials Co.,Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 New Risk • Aug 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 103% 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: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.067 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.067 in 2Q 2024). Revenue: CN¥263.2m (up 3.3% from 2Q 2024). Net income: CN¥57.8m (up 104% from 2Q 2024). Profit margin: 22% (up from 11% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Aug 06
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 6.7% 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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Announcement • Jul 02
Shandong Kaisheng New Materials Co.,Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Declared Dividend • Apr 24
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 30th April 2025 Payment date: 30th April 2025 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 31% EPS decline seen over the last 5 years. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.073 (vs CN¥0.061 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.073 (up from CN¥0.061 in 1Q 2024). Revenue: CN¥269.4m (up 12% from 1Q 2024). Net income: CN¥30.7m (up 19% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Apr 15
Shandong Kaisheng New Materials Co.,Ltd. Approves Final Cash Dividend for 2024 Shandong Kaisheng New Materials Co.,Ltd. at its Annual General Meeting of 2024 on 11 April 2025, approved the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000. Announcement • Mar 31
Shandong Kaisheng New Materials Co.,Ltd. to Report Q1, 2025 Results on Apr 19, 2025 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report Q1, 2025 results on Apr 19, 2025 Announcement • Mar 18
Shandong Kaisheng New Materials Co.,Ltd. Proposes Final Dividend for 2024 Shandong Kaisheng New Materials Co.,Ltd. proposed on 17 March 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000. Announcement • Mar 17
Shandong Kaisheng New Materials Co.,Ltd., Annual General Meeting, Apr 11, 2025 Shandong Kaisheng New Materials Co.,Ltd., Annual General Meeting, Apr 11, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.38 in FY 2023) Full year 2024 results: EPS: CN¥0.13 (down from CN¥0.38 in FY 2023). Revenue: CN¥927.9m (down 6.0% from FY 2023). Net income: CN¥56.0m (down 65% from FY 2023). Profit margin: 6.0% (down from 16% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 31
Shandong Kaisheng New Materials Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 15, 2025 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 15, 2025 Announcement • Nov 16
Shandong Kaisheng New Materials Co.,Ltd. Implements Cash Dividend for Third Quarter of 2024, Payable on 21 November 2024 Shandong Kaisheng New Materials Co.,Ltd. implemented cash dividend/10 A shares (tax included) of CNY 0.50000000 for third quarter of 2024, payable on 21 November 2024. Record date: 20 November 2024. Ex-date: 21 November 2024. Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.073 profit in 3Q 2023) Third quarter 2024 results: CN¥0.004 loss per share (down from CN¥0.073 profit in 3Q 2023). Revenue: CN¥201.3m (down 15% from 3Q 2023). Net loss: CN¥1.76m (down 106% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥13.48, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 60% over the past three years. Announcement • Sep 30
Shandong Kaisheng New Materials Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 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¥13.16, the stock trades at a trailing P/E ratio of 50.8x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 59% over the past three years. New Risk • Sep 11
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 6.8% 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 (6.8% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.067 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.067 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥254.7m (up 4.4% from 2Q 2023). Net income: CN¥28.3m (down 46% from 2Q 2023). Profit margin: 11% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jun 29
Shandong Kaisheng New Materials Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • May 17
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 11% 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 (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (214% cash payout ratio). Profit margins are more than 30% lower than last year (14% net profit margin). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.25, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 33% over the past year. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.061 (vs CN¥0.12 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.061 (down from CN¥0.12 in 1Q 2023). Revenue: CN¥239.9m (down 3.3% from 1Q 2023). Net income: CN¥25.7m (down 49% from 1Q 2023). Profit margin: 11% (down from 20% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.56, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 37% over the past year. Announcement • Mar 30
Shandong Kaisheng New Materials Co.,Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Reported Earnings • Mar 19
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.38 (down from CN¥0.56 in FY 2022). Revenue: CN¥986.9m (down 2.3% from FY 2022). Net income: CN¥158.0m (down 33% from FY 2022). Profit margin: 16% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Mar 16
Shandong Kaisheng New Materials Co.,Ltd., Annual General Meeting, Apr 12, 2024 Shandong Kaisheng New Materials Co.,Ltd., Annual General Meeting, Apr 12, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong 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 Special report on the deposit and use of raised funds in 2023; to consider Reappointment of 2024 audit firm; to consider 2024 estimated continuing connected transactions; to consider 2024 application for bank credit line and relevant guarantee; to consider 2024 remuneration (allowance) plan for directors, supervisors and senior management; and to consider Formulation of the work system for independent directors. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥11.91, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in China. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.57, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 48% over the past year. New Risk • Jan 19
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 6.1% 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: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Announcement • Dec 30
Shandong Kaisheng New Materials Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 15, 2024 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 15, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥21.85, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 24% over the past year. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.073 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.073 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥235.8m (flat on 3Q 2022). Net income: CN¥30.6m (down 47% from 3Q 2022). Profit margin: 13% (down from 24% in 3Q 2022). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Sep 30
Shandong Kaisheng New Materials Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Shandong Kaisheng New Materials Co.,Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥243.9m (down 8.2% from 2Q 2022). Net income: CN¥52.4m (down 16% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). The decrease in margin was driven by lower revenue. Announcement • May 31
Shandong Kaisheng New Materials Co.,Ltd. Announces Final Cash Dividend on Share A for 2022, Payable on June 6, 2023 Shandong Kaisheng New Materials Co.,Ltd. announced final Cash dividend/10 shares (tax included): CNY 1.50000000 on share A for 2022. Record date: 05 June 2023, Ex-date: 06 June 2023, Payment date: 06 June 2023. Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.56 (up from CN¥0.52 in FY 2021). Revenue: CN¥1.01b (up 15% from FY 2021). Net income: CN¥234.5m (up 21% from FY 2021). Profit margin: 23% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥32.87, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 41% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Qing Bin Zhu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥237.2m (up 17% from 3Q 2021). Net income: CN¥57.5m (up 23% from 3Q 2021). Profit margin: 24% (up from 23% 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 18% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥265.6m (up 31% from 2Q 2021). Net income: CN¥62.5m (up 44% from 2Q 2021). Profit margin: 24% (up from 21% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 43%, compared to a 41% growth forecast for the Chemicals industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥257.9m (up 31% from 1Q 2021). Net income: CN¥68.8m (up 34% from 1Q 2021). Profit margin: 27% (in line with 1Q 2021). Announcement • Apr 14
Shandong Kaisheng New Materials Co.,Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on April 19, 2022 Shandong Kaisheng New Materials Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.50000000 on A shares for the year 2021. Record date is April 18, 2022. Ex-date is April 19, 2022. Payment date is April 19, 2022. Announcement • Apr 12
Shandong Kaisheng New Materials Co.,Ltd. Approves Cash Dividend for the Year 2021 Shandong Kaisheng New Materials Co.,Ltd. at its Annual General Meeting of 2021 held on 08 April 2022, approved Cash dividend/10 shares (tax included) of CNY 2.50000000 for the year 2021. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.52 (up from CN¥0.45 in FY 2020). Revenue: CN¥879.6m (up 41% from FY 2020). Net income: CN¥193.4m (up 21% from FY 2020). Profit margin: 22% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. 