Reported Earnings • May 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥3.96 loss per share (further deteriorated from CN¥2.65 loss in FY 2024). Revenue: CN¥683.1m (down 11% from FY 2024). Net loss: CN¥2.23b (loss widened 49% from FY 2024). Revenue missed analyst estimates by 26%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Beijing Tianyishangjia New Material Corp., Ltd., Annual General Meeting, May 20, 2026 Beijing Tianyishangjia New Material Corp., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: Yard No. 7, Yingbin South Street, Doudian Town, Fangshan District, Beijing China Announcement • Mar 30
Beijing Tianyishangjia New Material Corp., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 05
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥3.92 loss per share (further deteriorated from CN¥2.65 loss in FY 2024). Revenue: CN¥683.1m (down 11% from FY 2024). Net loss: CN¥2.21b (loss widened 48% from FY 2024). Revenue missed analyst estimates by 26%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Dec 26
Beijing Tianyishangjia New Material Corp., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 New Risk • Nov 27
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 9.0% 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. Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.29 loss per share (vs CN¥0.17 loss in 3Q 2024) Third quarter 2025 results: CN¥0.29 loss per share (further deteriorated from CN¥0.17 loss in 3Q 2024). Revenue: CN¥141.5m (up 11% from 3Q 2024). Net loss: CN¥161.7m (loss widened 71% from 3Q 2024). Revenue is forecast to grow 41% 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, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 74% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Beijing Tianyishangjia New Material Corp., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Beijing Tianyishangjia New Material Corp., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 61% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥2.65 loss per share (down from CN¥0.25 profit in FY 2023). Revenue: CN¥763.1m (down 64% from FY 2023). Net loss: CN¥1.50b (down CN¥1.64b from profit in FY 2023). Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 139%. Revenue is forecast to grow 24% 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, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
Beijing Tianyishangjia New Material Corp., Ltd., Annual General Meeting, May 12, 2025 Beijing Tianyishangjia New Material Corp., Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: Yard No. 7, Yingbin South Street, Doudian Town, Fangshan District, Beijing China Announcement • Mar 28
Beijing Tianyishangjia New Material Corp., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥2.61 loss per share (down from CN¥0.25 profit in FY 2023). Revenue: CN¥781.5m (down 63% from FY 2023). Net loss: CN¥1.47b (down CN¥1.61b from profit in FY 2023). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates by 135%. Revenue is forecast to grow 23% 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, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Dec 27
Beijing Tianyishangjia New Material Corp., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.19 profit in 3Q 2023) Third quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.19 profit in 3Q 2023). Revenue: CN¥128.0m (down 84% from 3Q 2023). Net loss: CN¥94.4m (down 190% 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 44 percentage points per year, which is a significant difference in performance. New Risk • Sep 30
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 7.4% 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 Earnings have declined by 24% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 30
Beijing Tianyishangjia New Material Corp., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Announcement • Jun 29
Beijing Tianyishangjia New Material Corp., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 9.1% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 08
Beijing Tianyishangjia New Material Corp., Ltd., Annual General Meeting, Jun 27, 2024 Beijing Tianyishangjia New Material Corp., Ltd., Annual General Meeting, Jun 27, 2024, at 14:30 China Standard Time. Location: Yard No. 7, Yingbin South Street, Doudian Town, Fangshan District, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.23 loss per share (vs CN¥0.08 profit in 1Q 2023) First quarter 2024 results: CN¥0.23 loss per share (down from CN¥0.08 profit in 1Q 2023). Revenue: CN¥347.4m (up 12% from 1Q 2023). Net loss: CN¥129.6m (down 386% from profit in 1Q 2023). Revenue is forecast to grow 53% 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 fallen by 8% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Machinery industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Mar 30
Beijing Tianyishangjia New Material Corp., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 19% over the past three years. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.37 in FY 2022) Full year 2023 results: EPS: CN¥0.26. Revenue: CN¥2.22b (up 125% from FY 2022). Net income: CN¥181.7m (up 1.4% from FY 2022). Profit margin: 8.2% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. New Risk • Feb 08
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 7.9% 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 (47% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). 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¥9.72, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.04, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 1.3% over the past three years. Announcement • Jan 09
Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) agreed to acquire the remaining 10% stake in Jiangsu Xinyiyang High-tech Materials Co., Ltd. for CNY 65 million. Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) agreed to acquire the remaining 10% stake in Jiangsu Xinyiyang High-tech Materials Co., Ltd. for CNY 65 million on January 9, 2024. The consideration consists of CNY 65 million in cash. Beijing Tianyishangjia New Material Corp., Ltd. plans now to use CNY 65 million of its own or self-owned Raised funds to acquire a 10% stake. Beijing Tianyishangjia New Material Corp., Ltd. board of directors approved the transaction. Announcement • Dec 29
Beijing Tianyishangjia New Material Corp., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥794.8m (up 214% from 3Q 2022). Net income: CN¥104.7m (up 103% from 3Q 2022). Profit margin: 13% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery 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 3% per year, which means it is significantly lagging earnings growth. Announcement • Aug 19
Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) announces an Equity Buyback for CNY 15 million worth of its shares. Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) announces a share repurchase program. Under the program, the company will repurchase up to CNY 15 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 26 per share. The shares will be repurchased from self-owned funds. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The repurchase program is valid for 6 months. Reported Earnings • Aug 07
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.08 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.08 in 2Q 2022). Revenue: CN¥660.9m (up 188% from 2Q 2022). Net income: CN¥86.4m (up 127% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (40% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Jun 28
Beijing Tianyishangjia New Material Corp., Ltd. to Report First Half, 2023 Results on Aug 07, 2023 Beijing Tianyishangjia New Material Corp., Ltd. announced that they will report first half, 2023 results on Aug 07, 2023 Reported Earnings • Apr 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.37. Revenue: CN¥987.1m (up 47% from FY 2021). Net income: CN¥179.2m (up 2.4% from FY 2021). Profit margin: 18% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Reported Earnings • Mar 02
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.38. Revenue: CN¥984.9m (up 47% from FY 2021). Net income: CN¥190.7m (up 9.0% from FY 2021). Profit margin: 19% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Announcement • Dec 15
Beijing Tianyishangjia New Material Corp., Ltd. announced that it has received CNY 2.319041594 billion in funding On December 14, 2022, Beijing Tianyishangjia New Material Corp., Ltd closed the transaction. The company issued 111,438,808 A shares, with a face value of CNY 1 per share, at an issue price of CNY 20.81 per share for gross proceeds of CNY 2,319,041,594.48 in the transaction. After deducting underwriting and sponsorship fees, issuance registration fees and other transaction fees totaling CNY 22,454,748.24, the net proceeds received by the company was CNY 2,296,586,846.24 in the transaction. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Yuanzhu Lu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) agreed to acquire 90% stake in Jiangsu Jingyiyang New Material Technology Co., Ltd from Li Zhang, Li Hedong, Li Baoquan and Su Feng for CNY 270 million. Beijing Tianyishangjia New Material Corp., Ltd. (SHSE:688033) agreed to acquire 90% stake in Jiangsu Jingyiyang New Material Technology Co., Ltd from Li Zhang, Li Hedong, Li Baoquan and Su Feng for CNY 270 million on November 7, 2022. Under the terms, Li Zhang is selling 60% stake, Li Hedong is selling 20% stake, Li Baoquan is selling 5% stake and Su Feng is selling 5% stake. After the completion, Beijing Tianyishangjia New Material Corp., Ltd. will own 90% stake and Li Zhang will own 10% stake. Beijing Tianyishangjia New Material Corp., Ltd. will use cash or self raised funds to fund the transaction. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥25.26, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.088 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.088 in 3Q 2021). Revenue: CN¥253.5m (up 66% from 3Q 2021). Net income: CN¥51.6m (up 18% from 3Q 2021). Profit margin: 20% (down from 29% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 12% per year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥19.37, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Machinery industry in China. Total loss to shareholders of 40% over the past three years. Major Estimate Revision • Oct 19
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.14b to CN¥1.09b. EPS estimate also fell from CN¥0.76 per share to CN¥0.66 per share. Net income forecast to grow 105% next year vs 58% growth forecast for Machinery industry in China. Consensus price target of CN¥31.50 unchanged from last update. Share price fell 9.7% to CN¥20.28 over the past week. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥24.88, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Machinery industry in China. Total loss to shareholders of 38% over the past three years. Price Target Changed • Aug 16
Price target increased to CN¥31.50 Up from CN¥29.00, the current price target is an average from 2 analysts. New target price is 7.7% above last closing price of CN¥29.24. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.76 for next year compared to CN¥0.39 last year. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥24.26, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Machinery industry in China. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥23.37, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 87% over the past year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.23, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 66% over the past year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.02 in 1Q 2021). Revenue: CN¥173.4m (up 130% from 1Q 2021). Net income: CN¥34.3m (up 234% from 1Q 2021). Profit margin: 20% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 82%, compared to a 31% growth forecast for the industry in China. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Yuanzhu Lu was the last independent director to join the board, commencing their role in 2018. 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 • Apr 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.25 in FY 2020). Revenue: CN¥671.3m (up 62% from FY 2020). Net income: CN¥175.0m (up 53% from FY 2020). Profit margin: 26% (down from 28% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 77%, compared to a 29% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥19.87, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 52% over the past year. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.25 in FY 2020). Revenue: CN¥675.5m (up 63% from FY 2020). Net income: CN¥177.1m (up 55% from FY 2020). Profit margin: 26% (down from 28% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 76%, compared to a 30% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.088 (vs CN¥0.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥152.4m (up 62% from 3Q 2020). Net income: CN¥43.8m (up 74% from 3Q 2020). Profit margin: 29% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥22.80, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Machinery industry in China. Total returns to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥14.73, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 32x in the Machinery industry in China. Total loss to shareholders of 39% over the past year. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.64 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥415.2m (down 29% from FY 2019). Net income: CN¥114.3m (down 58% from FY 2019). Profit margin: 28% (down from 47% in FY 2019). The decrease in margin was driven by lower revenue. Announcement • Mar 03
Beijing Tianyishangjia New Material Plans to Invest in Chengdu Technology Firm Beijing Tianyishangjia New Material Corp.,Ltd. (SHSE:688033) said it plans to invest CNY 213 million ($32.95 million) in Chengdu Technology Firm. Co. will own 64.5% stake in the firm after transaction. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥12.86 The company is down 29% from its price of CN¥18.19 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥13.28 The company is down 32% from its price of CN¥19.62 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥14.84 The company is down 26% from its price of CN¥19.94 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day low: CN¥17.19 The company is down 14% from its price of CN¥20.07 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥18.07 The company is down 12% from its price of CN¥20.49 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Announcement • Jul 17
Beijing Tianyishangjia New Material Corp.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Beijing Tianyishangjia New Material Corp.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020