Reported Earnings • Apr 10
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (down from CN¥0.13 in 1Q 2025). Revenue: CN¥264.4m (up 22% from 1Q 2025). Net income: CN¥25.9m (down 4.3% from 1Q 2025). Profit margin: 9.8% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Announcement • Mar 31
Yangzhou Chenhua New Material Co., Ltd. to Report Q1, 2026 Results on Apr 10, 2026 Yangzhou Chenhua New Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 10, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥10.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Chemicals industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Dec 31
Yangzhou Chenhua New Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Yangzhou Chenhua New Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 19
Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥218.4m (down 3.0% from 3Q 2024). Net income: CN¥600.0k (down 98% from 3Q 2024). Profit margin: 0.3% (down from 12% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% 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 10% per year whereas the company’s share price has fallen by 8% per year. Announcement • Sep 30
Yangzhou Chenhua New Material Co., Ltd. to Report Q3, 2025 Results on Oct 18, 2025 Yangzhou Chenhua New Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.08 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.08 in 2Q 2024). Revenue: CN¥218.3m (down 6.9% from 2Q 2024). Net income: CN¥25.2m (up 47% from 2Q 2024). Profit margin: 12% (up from 7.3% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jul 02
Yangzhou Chenhua New Material Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Yangzhou Chenhua New Material Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Board Change • Jul 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Deputy GM & Non-Independent Director Xiao Hong Dong was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Jul 02
Price target increased by 14% to CN¥12.25 Up from CN¥10.75, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥11.73. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.39 last year. Announcement • Jun 25
Yangzhou Chenhua New Material Co., Ltd. Approves Board Appointments Yangzhou Chenhua New Material Co., Ltd. at its Extraordinary General Meeting of 2025 held on 23 June 2025, approved the appointment of Dong Xiaohong as non-independent director; Xu Gaoyan and Yang Weicai as independent director. Declared Dividend • Jun 23
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 11% higher than last year. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 20% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.10 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.10 in 1Q 2024). Revenue: CN¥216.2m (down 4.3% from 1Q 2024). Net income: CN¥27.0m (up 23% from 1Q 2024). Profit margin: 13% (up from 9.7% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% 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 26% 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 • Apr 19
Yangzhou Chenhua New Material Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Yangzhou Chenhua New Material Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2024. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.55, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.93 per share. Buy Or Sell Opportunity • Apr 07
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥8.55. The fair value is estimated to be CN¥12.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Announcement • Mar 31
Yangzhou Chenhua New Material Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Yangzhou Chenhua New Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Buy Or Sell Opportunity • Feb 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to CN¥10.15. The fair value is estimated to be CN¥12.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Reported Earnings • Feb 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.38 (up from CN¥0.29 in FY 2023). Revenue: CN¥911.3m (down 2.0% from FY 2023). Net income: CN¥81.4m (up 35% from FY 2023). Profit margin: 8.9% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 10
Now 20% overvalued Over the last 90 days, the stock has fallen 2.4% to CN¥10.17. The fair value is estimated to be CN¥8.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 36%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Announcement • Dec 31
Yangzhou Chenhua New Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Yangzhou Chenhua New Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Buy Or Sell Opportunity • Dec 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to CN¥10.54. The fair value is estimated to be CN¥8.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 36%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Buy Or Sell Opportunity • Nov 20
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to CN¥10.87. The fair value is estimated to be CN¥8.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 36%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Buy Or Sell Opportunity • Oct 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to CN¥10.40. The fair value is estimated to be CN¥8.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 36%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.069 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.069 in 3Q 2023). Revenue: CN¥225.2m (down 11% from 3Q 2023). Net income: CN¥27.6m (up 69% from 3Q 2023). Profit margin: 12% (up from 6.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% 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 36% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Yangzhou Chenhua New Material Co., Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Yangzhou Chenhua New Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥9.73, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.23 per share. Buy Or Sell Opportunity • Sep 27
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to CN¥8.67. The fair value is estimated to be CN¥7.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.039 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.039 in 2Q 2023). Revenue: CN¥234.3m (up 2.7% from 2Q 2023). Net income: CN¥17.1m (up 121% from 2Q 2023). Profit margin: 7.3% (up from 3.4% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.5% 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 39% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Yangzhou Chenhua New Material Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Yangzhou Chenhua New Material Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Major Estimate Revision • Apr 24
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.25b to CN¥939.1m. EPS estimate fell from CN¥0.62 to CN¥0.33 per share. Net income forecast to grow 29% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target down from CN¥13.36 to CN¥11.79. Share price rose 3.5% to CN¥9.09 over the past week. Announcement • Apr 19
Yangzhou Chenhua New Material Co., Ltd., Annual General Meeting, May 13, 2024 Yangzhou Chenhua New Material Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Baoying County, Jiangsu China Price Target Changed • Apr 19
Price target decreased by 9.9% to CN¥11.79 Down from CN¥13.08, the current price target is an average from 2 analysts. New target price is 36% above last closing price of CN¥8.68. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.29 last year. Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.07 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.07 in 1Q 2023). Revenue: CN¥226.0m (down 4.1% from 1Q 2023). Net income: CN¥22.0m (up 46% from 1Q 2023). Profit margin: 9.7% (up from 6.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 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¥8.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.26 per share. Announcement • Mar 30
Yangzhou Chenhua New Material Co., Ltd. to Report Q1, 2024 Results on Apr 18, 2024 Yangzhou Chenhua New Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥10.12, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.30 per share. Reported Earnings • Feb 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.26 (down from CN¥0.56 in FY 2022). Revenue: CN¥928.7m (down 14% from FY 2022). Net income: CN¥55.6m (down 53% from FY 2022). Profit margin: 6.0% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. 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 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥8.23, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.89 per share. Announcement • Dec 29
Yangzhou Chenhua New Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Yangzhou Chenhua New Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 13
Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.069 (down from CN¥0.12 in 3Q 2022). Revenue: CN¥254.2m (up 3.3% from 3Q 2022). Net income: CN¥16.3m (down 38% from 3Q 2022). Profit margin: 6.4% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.30b to CN¥1.25b. EPS estimate also fell from CN¥0.633 per share to CN¥0.53 per share. Net income forecast to grow 154% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target down from CN¥13.90 to CN¥13.08. Share price fell 7.4% to CN¥10.44 over the past week. New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 14% 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 Dividend is not well covered by earnings (135% payout ratio). Profit margins are more than 30% lower than last year (5.5% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.23 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.23 in 2Q 2022). Revenue: CN¥228.3m (down 29% from 2Q 2022). Net income: CN¥7.73m (down 84% from 2Q 2022). Profit margin: 3.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% 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 fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Yangzhou Chenhua New Material Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Yangzhou Chenhua New Material Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Announcement • Jun 28
Yangzhou Chenhua New Material Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented (A Shares) for 2022, Payable on 05 July 2023 Yangzhou Chenhua New Material Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 3.30000000. Record date: 04 July 2023, Ex-date: 05 July 2023, Payment date: 05 July 2023. Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.20 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.20 in 1Q 2022). Revenue: CN¥235.7m (down 14% from 1Q 2022). Net income: CN¥15.0m (down 64% from 1Q 2022). Profit margin: 6.4% (down from 15% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target decreased to CN¥15.80 Down from CN¥18.54, the current price target is provided by 1 analyst. New target price is 13% above last closing price of CN¥13.99. Stock is down 5.9% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.73 last year. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.17 in 3Q 2021). Revenue: CN¥246.1m (down 19% from 3Q 2021). Net income: CN¥26.3m (down 27% from 3Q 2021). Profit margin: 11% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% 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 17% per year whereas the company’s share price has increased by 16% per year. Price Target Changed • Oct 22
Price target increased to CN¥18.54 Up from CN¥15.94, the current price target is provided by 1 analyst. New target price is 25% above last closing price of CN¥14.86. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.73 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.23. Revenue: CN¥322.5m (flat on 2Q 2021). Net income: CN¥48.9m (up 33% from 2Q 2021). Profit margin: 15% (up from 11% in 2Q 2021). Over the next year, revenue is forecast to grow 36%, compared to a 42% growth forecast for the Chemicals industry in China. Board Change • Jul 31
High number of new directors Non-Independent Director Qiao Ling Hao was the last director to join the board, commencing their role in 2022. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.85, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 144% over the past three years. Announcement • Jun 29
Yangzhou Chenhua New Material Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on July 6, 2022 Yangzhou Chenhua New Material Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares), payable on July 6, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 3.50000000. The record date is July 5, 2022 and ex-date is July 6, 2022. Announcement • Jun 24
Yangzhou Chenhua New Material Co., Ltd. Approves the Election of Hao Qiaoling and Shi Yongbing as Non-Independent Directors Yangzhou Chenhua New Material Co., Ltd. held its 1st Extraordinary General Meeting of 2022 on 22 June 2022, approved the election of Hao Qiaoling and Shi Yongbing as non-independent directors. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥15.79, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 94% over the past three years. Announcement • May 18
Yangzhou Chenhua New Material Co., Ltd. Approves Cash Dividend for 2021 Yangzhou Chenhua New Material Co., Ltd. approved cash dividend per 10 shares (tax included) of CNY 3.50000000 for 2021, at its AGM held on May 13, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.24 in 1Q 2021). Revenue: CN¥273.1m (down 10% from 1Q 2021). Net income: CN¥41.3m (down 18% from 1Q 2021). Profit margin: 15% (down from 17% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 32%, compared to a 43% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Head of Quality & Technology Department and Director Ji Bi was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Yangzhou Chenhua New Material Co., Ltd. Proposes Final Cash Dividend for 2021 Yangzhou Chenhua New Material Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 3.50000000 for 2021. Reported Earnings • Feb 25
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.72 (up from CN¥0.65 in FY 2020). Revenue: CN¥1.19b (up 32% from FY 2020). Net income: CN¥151.2m (up 10% from FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the next year, revenue is forecast to grow 30%, compared to a 47% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥17.41, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.63, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.32, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 118% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.19 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥305.0m (up 30% from 3Q 2020). Net income: CN¥36.1m (down 11% from 3Q 2020). Profit margin: 12% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥22.60, 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 192% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥17.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 131% over the past three years. Price Target Changed • Aug 26
Price target increased to CN¥20.58 Up from CN¥15.94, the current price target is provided by 1 analyst. New target price is 7.4% above last closing price of CN¥19.16. Stock is up 40% over the past year. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.17 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥325.2m (up 50% from 2Q 2020). Net income: CN¥36.7m (up 3.0% from 2Q 2020). Profit margin: 11% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥15.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥12.16, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 26% share price decline to CN¥13.19, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Chemicals industry in China. Total loss to shareholders of 10% over the past three years. Announcement • May 20
Yangzhou Chenhua New Material Co., Ltd. Approves Final Cash Dividend for the Year 2020 Yangzhou Chenhua New Material Co., Ltd. announced that it has approved final cash dividend CNY 4.00 per 10 shares (tax included) for the year 2020. Announcement • Apr 27
Yangzhou Chenhua New Material Co., Ltd. Announces Final Dividend for the Year 2020 Yangzhou Chenhua New Material Co., Ltd. announced final cash dividend CNY 4.00 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥304.6m (up 82% from 1Q 2020). Net income: CN¥50.4m (up 155% from 1Q 2020). Profit margin: 17% (up from 12% 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 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.80, the stock is trading at a trailing P/E ratio of 19.3x, up from the previous P/E ratio of 16.5x. This compares to an average P/E of 37x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 4.6%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥13.94, the stock is trading at a trailing P/E ratio of 17x, down from the previous P/E ratio of 20.2x. This compares to an average P/E of 35x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 9.7%. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥15.53 The company is down 14% from its price of CN¥18.04 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥17.32 The company is down 4.0% from its price of CN¥18.04 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: CN¥22.50 The company is up 50% from its price of CN¥14.97 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 3.0% 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¥123.9m, up 38% from the prior year. Total revenue was CN¥825.5m over the last 12 months, up 5.1% from the prior year. Announcement • Oct 20
Yangzhou Chenhua New Material Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Yangzhou Chenhua New Material Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Aug 06
Yangzhou Chenhua New Material Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Yangzhou Chenhua New Material Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
