Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Announcement • Jun 30
Shandong Head Group Co.,Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Shandong Head Group Co.,Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥25.14, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 50% over the past three years. Announcement • Apr 27
Shandong Head Group Co.,Ltd., Annual General Meeting, May 20, 2026 Shandong Head Group Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Announcement • Mar 31
Shandong Head Group Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Shandong Head Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.65 in FY 2024) Full year 2025 results: EPS: CN¥0.44 (down from CN¥0.65 in FY 2024). Revenue: CN¥1.92b (down 2.1% from FY 2024). Net income: CN¥150.4m (down 32% from FY 2024). Profit margin: 7.9% (down from 11% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Price Target Changed • Feb 14
Price target increased by 26% to CN¥21.50 Up from CN¥17.00, the current price target is an average from 2 analysts. New target price is 12% above last closing price of CN¥19.13. Stock is up 54% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.65 last year. New Risk • Feb 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 7.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.77, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Chemicals industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.49, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 26% over the past three years. Announcement • Dec 31
Shandong Head Group Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Shandong Head Group Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥15.99, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Chemicals industry in China. Total loss to shareholders of 27% over the past three years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.078 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.078 (down from CN¥0.22 in 3Q 2024). Revenue: CN¥465.0m (down 7.0% from 3Q 2024). Net income: CN¥26.2m (down 65% from 3Q 2024). Profit margin: 5.6% (down from 15% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Shandong Head Group Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shandong Head Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
Shandong Head Group Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Shandong Head Group Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.13 (down from CN¥0.16 in 1Q 2024). Revenue: CN¥466.9m (up 7.2% from 1Q 2024). Net income: CN¥45.2m (down 16% from 1Q 2024). Profit margin: 9.7% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 1.2% 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 Risk Earnings have declined by 1.2% 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. Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • Apr 26
Shandong Head Group Co.,Ltd., Annual General Meeting, May 20, 2025 Shandong Head Group Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Announcement • Apr 17
Shandong Head Group Co.,Ltd. (SZSE:002810) announces an Equity Buyback for CNY 100 million worth of its shares. Shandong Head Group Co.,Ltd. (SZSE:002810) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its class A common stock. The shares will be repurchased at a purchase price of CNY 18 per share. The program will be funded from own funds. The buyback is for the company's convertible bonds. The program will be valid for 12 months. Announcement • Mar 31
Shandong Head Group Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shandong Head Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.06b to CN¥2.02b. EPS estimate also fell from CN¥0.898 per share to CN¥0.683 per share. Net income forecast to grow 62% next year vs 49% growth forecast for Chemicals industry in China. Consensus price target down from CN¥17.00 to CN¥14.00. Share price fell 2.6% to CN¥12.89 over the past week. Announcement • Dec 31
Shandong Head Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shandong Head Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Announcement • Oct 30
Shandong Head Group Co.,Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Shandong Head Group Co.,Ltd. announced the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend per 10 shares (tax included): CNY 1.50000000. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.21 in 3Q 2023). Revenue: CN¥500.0m (up 17% from 3Q 2023). Net income: CN¥74.1m (up 2.1% from 3Q 2023). Profit margin: 15% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Shandong Head Group Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong Head Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 68% over the past three years. Major Estimate Revision • Aug 26
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.30b to CN¥2.06b. EPS estimate fell from CN¥1.03 to CN¥0.856 per share. Net income forecast to grow 77% next year vs 49% growth forecast for Chemicals industry in China. Consensus price target down from CN¥19.50 to CN¥17.00. Share price rose 5.8% to CN¥11.66 over the past week. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥499.8m (up 33% from 2Q 2023). Net income: CN¥70.3m (down 16% from 2Q 2023). Profit margin: 14% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Jul 02
Shandong Head Group Co.,Ltd. Announces Final Cash Dividend of A Shares for 2023, Payable on 05 July 2024 Shandong Head Group Co.,Ltd. announced final cash dividend of CNY 2.00000000 per 10 A shares (tax included) for 2023. Record date: 04 July 2024. Ex-date: 05 July 2024. Payment date: 05 July 2024. Announcement • Jun 29
Shandong Head Group Co.,Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Shandong Head Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 New Risk • May 13
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: 12% Last year net profit margin: 19% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (12% net profit margin). Announcement • Apr 29
Shandong Head Group Co.,Ltd., Annual General Meeting, May 20, 2024 Shandong Head Group Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Announcement • Mar 30
Shandong Head Group Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shandong Head Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.97, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 40% over the past three years. Announcement • Dec 29
Shandong Head Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shandong Head Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.24 in 3Q 2022). Revenue: CN¥428.1m (flat on 3Q 2022). Net income: CN¥72.6m (down 9.8% from 3Q 2022). Profit margin: 17% (down from 19% in 3Q 2022). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Sep 26
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. 3 highly experienced directors. Non-Independent Director Binggang Yang was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Sep 14
Price target decreased by 15% to CN¥25.00 Down from CN¥29.50, the current price target is an average from 2 analysts. New target price is 45% above last closing price of CN¥17.24. Stock is down 50% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥1.04 last year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.38 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.38 in 2Q 2022). Revenue: CN¥375.4m (down 27% from 2Q 2022). Net income: CN¥84.1m (down 35% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 14
Shandong Head Group Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Shandong Head Group Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.00000000 on A shares for the year 2022. Record date is June 15, 2023. Ex-date is May June 16, 2023. Payment date is June 16, 2023. Announcement • May 18
Shandong Head Group Co.,Ltd. Approves Dividend for the 2022 Shandong Head Group Co.,Ltd. approves cash dividend of (tax included) CNY 3.00000000 per 10 shares at its Annual General Meeting held on 16 May 2023. Major Estimate Revision • May 02
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.32b to CN¥1.95b. EPS estimate fell from CN¥1.38 to CN¥1.01 per share. Net income forecast to grow 101% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target down from CN¥36.00 to CN¥33.00. Share price rose 2.5% to CN¥19.76 over the past week. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.28 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.28 in 1Q 2022). Revenue: CN¥375.0m (down 4.3% from 1Q 2022). Net income: CN¥72.8m (down 24% from 1Q 2022). Profit margin: 19% (down from 25% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Board Change • Nov 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 3 highly experienced directors. Deputy GM, Secretary of the Board of Directors & Director Song Ling Bi is the most experienced director on the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Nov 16
Price target decreased to CN¥54.97 Down from CN¥66.00, the current price target is an average from 2 analysts. New target price is 109% above last closing price of CN¥26.35. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥1.19 for next year compared to CN¥0.97 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.24 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥424.7m (up 1.5% from 3Q 2021). Net income: CN¥80.5m (down 11% from 3Q 2021). Profit margin: 19% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥42.12, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 445% over the past three years. Reported Earnings • Jul 26
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.38 (up from CN¥0.32 in 2Q 2021). Revenue: CN¥515.5m (up 22% from 2Q 2021). Net income: CN¥129.0m (up 22% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 47%, compared to a 43% growth forecast for the 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 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 09
Shandong Head Group Co.,Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 15 July 2022 Shandong Head Group Co.,Ltd. announced final cash dividend of CNY 1.00000000 per 10 shares on A shares for 2021. Record date: 14 July 2022, Ex-date: 15 July 2022 and Payment date: 15 July 2022. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥40.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 391% over the past three years. Announcement • May 21
Shandong Head Group Co., Ltd. Approves Cash Dividend for 2021 Shandong Head Group Co., Ltd. at its AGM held on May 18, 2022, approved Cash dividend/10 shares (tax included) of CNY 1.00000000 for 2021. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥43.89, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 384% over the past three years. Announcement • Apr 27
Shandong Head Group Co., Ltd. Proposes Final Cash Dividend for 2021 Shandong Head Group Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY 1.00000000 for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.24 in 1Q 2021). Revenue: CN¥391.8m (up 19% from 1Q 2021). Net income: CN¥96.3m (up 21% from 1Q 2021). Profit margin: 25% (in line with 1Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 46%, compared to a 43% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥46.40, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 426% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.92 per share. Price Target Changed • Oct 26
Price target increased to CN¥67.00 Up from CN¥48.91, the current price target is an average from 5 analysts. New target price is 43% above last closing price of CN¥47.00. Stock is up 117% over the past year. The company is forecast to post earnings per share of CN¥1.11 for next year compared to CN¥0.79 last year. Reported Earnings • Oct 19
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.25 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥418.3m (up 19% from 3Q 2020). Net income: CN¥90.9m (up 16% from 3Q 2020). Profit margin: 22% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥42.37, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 670% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.82 per share. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.26 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥423.6m (up 20% from 2Q 2020). Net income: CN¥106.0m (up 28% from 2Q 2020). Profit margin: 25% (up from 23% 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 52% per year but the company’s share price has increased by 107% 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 18% share price gain to CN¥51.81, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 861% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.04 per share. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥82.90, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 512% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.83 per share. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥329.1m (up 25% from 1Q 2020). Net income: CN¥79.8m (up 108% from 1Q 2020). Profit margin: 24% (up from 15% 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 56% 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 • Mar 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥64.13, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 438% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥99.34 per share. Announcement • Mar 19
Shandong Head Co.,Ltd. Proposes No Final Cash Dividend for 2020 Shandong Head Co.,Ltd. proposed final cash dividend of CNY 0.00000000 per 10 shares (tax included) for 2020. Announcement • Mar 18
Shandong Head Co.,Ltd., Annual General Meeting, Apr 07, 2021 Shandong Head Co.,Ltd., Annual General Meeting, Apr 07, 2021, at 14:30 China Standard Time. Agenda: To consider the 2020 annual report and its summary; to consider the 2020 work report of the board of directors; to consider the 2020 work report of the supervisory committee; to consider the 2020 profit distribution plan; to consider the 2020 annual accounts; to consider the Special report on the deposit and use of raised funds in 2020; to consider the reappointment of 2021 audit firm; to consider the Provision of guarantee for subsidiaries within the scope of consolidated financial statements; to consider the remuneration for directors, supervisors and senior management; and to consider the repurchase and cancellation of some locked restricted stocks granted to plan participants. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS CN¥1.35 (vs CN¥0.85 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.31b (up 18% from FY 2019). Net income: CN¥252.2m (up 60% from FY 2019). Profit margin: 19% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. 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 73% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 18
Shandong Head Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 18, 2021 Shandong Head Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 18, 2021 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥56.60, the stock is trading at a trailing P/E ratio of 45.1x, up from the previous P/E ratio of 39x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 391%. Is New 90 Day High Low • Jan 29
New 90-day high: CN¥51.68 The company is up 43% from its price of CN¥36.18 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥40.89, the stock is trading at a trailing P/E ratio of 32.5x, up from the previous P/E ratio of 25.9x. This compares to an average P/E of 36x in the Chemicals industry in China. Total returns to shareholders over the past three years are 230%. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥33.44 The company is down 5.0% from its price of CN¥35.28 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 Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: CN¥39.95 The company is up 3.0% from its price of CN¥38.92 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 3.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day low: CN¥34.25 The company is down 9.0% from its price of CN¥37.79 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥233.8m, up 67% from the prior year. Total revenue was CN¥1.25b over the last 12 months, up 16% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥34.40 The company is down 8.0% from its price of CN¥37.31 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 Chemicals industry, which is up 7.0% over the same period. Announcement • Jul 23
Shandong Head Co.,Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Shandong Head Co.,Ltd. announced that they will report first half, 2020 results on Aug 18, 2020