Board Change • Jul 23
High number of new directors Non-Independent Director Yiding Lang was the last director to join the board, commencing their role in 2026. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to CN¥5.71, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 32x in the Luxury industry in China. Total returns to shareholders of 71% over the past three years. New Risk • Jul 02
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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Ningbo Xianfeng New Material Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026 Ningbo Xianfeng New Material Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.34, the stock trades at a trailing P/E ratio of 73.9x. Average trailing P/E is 30x in the Luxury industry in China. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.54, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 40x in the Luxury industry in China. Total returns to shareholders of 72% over the past three years. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.02 loss in FY 2024) Full year 2025 results: EPS: CN¥0.15 (up from CN¥0.02 loss in FY 2024). Revenue: CN¥220.2m (down 15% from FY 2024). Net income: CN¥69.9m (up CN¥79.6m from FY 2024). Profit margin: 32% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Ningbo Xianfeng New Material Co.,Ltd, Annual General Meeting, May 19, 2026 Ningbo Xianfeng New Material Co.,Ltd, Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Announcement • Mar 31
Ningbo Xianfeng New Material Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Ningbo Xianfeng New Material Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.57, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 36x in the Luxury industry in China. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.66, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 35x in the Luxury industry in China. Total returns to shareholders of 50% over the past three years. Announcement • Dec 31
Ningbo Xianfeng New Material Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Ningbo Xianfeng New Material Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.36, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 33x in the Luxury industry in China. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to CN¥5.18, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 32x in the Luxury industry in China. Total returns to shareholders of 55% over the past three years. New Risk • Oct 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.035 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.035 loss in 3Q 2024). Revenue: CN¥46.3m (down 20% from 3Q 2024). Net income: CN¥33.3m (up CN¥49.7m from 3Q 2024). Profit margin: 72% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Oct 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Ningbo Xianfeng New Material Co.,Ltd to Report Q3, 2025 Results on Oct 27, 2025 Ningbo Xianfeng New Material Co.,Ltd announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Ningbo Xianfeng New Material Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Ningbo Xianfeng New Material Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 04
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 9.1% 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 Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 76% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Apr 29
Ningbo Xianfeng New Material Co.,Ltd, Annual General Meeting, May 20, 2025 Ningbo Xianfeng New Material Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Announcement • Mar 31
Ningbo Xianfeng New Material Co.,Ltd to Report Q1, 2025 Results on Apr 28, 2025 Ningbo Xianfeng New Material Co.,Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Jan 17
Lang Haitao completed the acquisition of 2.04% stake in Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) from Xu Peifei Lang Haitao signed a letter of intent to acquire 2.04% stake in Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) from Xu Peifei for CNY 28.9 million on December 11, 2024. A cash consideration of CNY 28.85 million will be paid by the buyer. As part of consideration, CNY 28.85 million is paid towards common equity of Ningbo Xianfeng New Material Co.,Ltd.
Lang Haitao completed the acquisition of 2.04% stake in Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) from Xu Peifei on January 16, 2025. Announcement • Dec 31
Ningbo Xianfeng New Material Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Ningbo Xianfeng New Material Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.035 loss per share (vs CN¥0.001 profit in 3Q 2023) Third quarter 2024 results: CN¥0.035 loss per share (down from CN¥0.001 profit in 3Q 2023). Revenue: CN¥57.9m (up 1.1% from 3Q 2023). Net loss: CN¥16.4m (down CN¥16.9m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Ningbo Xianfeng New Material Co.,Ltd to Report Q3, 2024 Results on Oct 25, 2024 Ningbo Xianfeng New Material Co.,Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥692.0m market cap, or US$97.6m). Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.003 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.035 (up from CN¥0.003 in 2Q 2023). Revenue: CN¥69.3m (up 9.3% from 2Q 2023). Net income: CN¥16.5m (up CN¥15.0m from 2Q 2023). Profit margin: 24% (up from 2.4% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Ningbo Xianfeng New Material Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Ningbo Xianfeng New Material Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.012 loss per share (vs CN¥0.011 loss in 1Q 2023) First quarter 2024 results: CN¥0.012 loss per share (further deteriorated from CN¥0.011 loss in 1Q 2023). Revenue: CN¥63.1m (down 8.3% from 1Q 2023). Net loss: CN¥5.67m (loss widened 8.5% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Announcement • May 01
Ningbo Xianfeng New Material Co.,Ltd, Annual General Meeting, May 20, 2024 Ningbo Xianfeng New Material Co.,Ltd, Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China New Risk • Apr 15
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 10% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Ningbo Xianfeng New Material Co.,Ltd to Report Q1, 2024 Results on Apr 29, 2024 Ningbo Xianfeng New Material Co.,Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Dec 30
Ningbo Xianfeng New Material Co.,Ltd to Report Fiscal Year 2023 Results on Apr 24, 2024 Ningbo Xianfeng New Material Co.,Ltd announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.003 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.001 (down from CN¥0.003 in 3Q 2022). Revenue: CN¥57.3m (down 17% from 3Q 2022). Net income: CN¥507.1k (down 61% from 3Q 2022). Profit margin: 0.9% (down from 1.9% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.012 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.003 (down from CN¥0.012 in 2Q 2022). Revenue: CN¥63.4m (down 39% from 2Q 2022). Net income: CN¥1.50m (down 74% from 2Q 2022). Profit margin: 2.4% (down from 5.5% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 24
Full year 2022 earnings released: CN¥0.004 loss per share (vs CN¥0.007 loss in FY 2021) Full year 2022 results: CN¥0.004 loss per share (improved from CN¥0.007 loss in FY 2021). Revenue: CN¥304.7m (flat on FY 2021). Net loss: CN¥1.72m (loss narrowed 51% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be CN¥3.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 06
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥3.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Dec 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be CN¥4.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Supervisor Shenghong Chen is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.003 (vs CN¥0.003 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.003 (up from CN¥0.003 loss in 3Q 2021). Revenue: CN¥68.8m (up 4.0% from 3Q 2021). Net income: CN¥1.29m (up CN¥2.55m from 3Q 2021). Profit margin: 1.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Oct 12
Ningbo Xianfeng New Material Co.,Ltd Announces Directorate Changes Ningbo Xianfeng New Material Co.,Ltd announced that at the Extraordinary General Meeting of 2022 held on 10 October 2022 approved the Dismissal of Wang Tao as an independent director and Dismissal of Bai Ruichen as a non-independent director. The company approved Election of Yang Guang as independent director and election of Ling Saizhen as non-independent director. Buying Opportunity • Sep 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.3%. The fair value is estimated to be CN¥4.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.012 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.012 (vs CN¥0.012 in 2Q 2021). Revenue: CN¥103.7m (up 21% from 2Q 2021). Net income: CN¥5.75m (flat on 2Q 2021). Profit margin: 5.5% (down from 6.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
Full year 2021 earnings released: CN¥0.007 loss per share (vs CN¥0.038 profit in FY 2020) Full year 2021 results: CN¥0.007 loss per share (down from CN¥0.038 profit in FY 2020). Revenue: CN¥306.3m (up 11% from FY 2020). Net loss: CN¥3.48m (down 119% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Supervisor Shenghong Chen is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.003 loss per share (vs CN¥0.004 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥66.1m (down 26% from 3Q 2020). Net loss: CN¥1.27m (loss narrowed 41% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.02 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥85.7m (down 2.1% from 2Q 2020). Net income: CN¥5.76m (down 40% from 2Q 2020). Profit margin: 6.7% (down from 11% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.003 (vs CN¥0.001 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥79.6m (up 60% from 1Q 2020). Net income: CN¥1.32m (up CN¥1.92m from 1Q 2020). Profit margin: 1.7% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Ningbo Xianfeng New Material Co.,Ltd to Report Fiscal Year 2020 Results on Mar 31, 2021 Ningbo Xianfeng New Material Co.,Ltd announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Jan 12
New 90-day low: CN¥3.14 The company is down 36% from its price of CN¥4.88 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 13% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥3.49 The company is down 21% from its price of CN¥4.43 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 3.0% over the same period. Announcement • Oct 06
Liu Yong cancelled the acquisition of 5% stake in Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) from Lu Xianfeng. Liu Yong signed share transfer agreement to acquire 5% stake in Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) from Lu Xianfeng for CNY 74.2 million on September 27, 2019. Before the share change registration, Liu Yong shall prepay CNY 40 million to Lu Xianfeng, and the balance shall be paid by Liu Yong in installments or in one lump sum within 12 months after the prepayment; Within 2 working days after the official signing of the agreement, both parties shall jointly apply to the Shenzhen Stock Exchange for compliance confirmation. Lu Xianfeng shall, within 5 working days after Lu Xianfeng completes the prepayment of the equity transfer, go to the registration and settlement company to complete the formalities of transferring the underlying shares to the transferee. The lock up period for Mr. Liu Yong is 6 months.
Liu Yong cancelled the acquisition of 5% stake in Ningbo Xianfeng New Material Co.,Ltd (SZSE:300163) from Lu Xianfeng on September 27, 2020. Announcement • Aug 11
Ningbo Xianfeng New Material Co.,Ltd to Report First Half, 2020 Results on Aug 27, 2020 Ningbo Xianfeng New Material Co.,Ltd announced that they will report first half, 2020 results on Aug 27, 2020 
