Declared Dividend • Jun 15
Dividend increased to CN¥0.50 Dividend of CN¥0.50 is 67% higher than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (72% cash payout ratio). The dividend has increased by an average of 28% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 40% EPS growth achieved over the last 5 years. New Risk • Apr 28
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: 21% Last year net profit margin: 40% 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 (21% net profit margin). Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: CN¥1.36 (vs CN¥2.35 in FY 2024) Full year 2025 results: EPS: CN¥1.36 (down from CN¥2.35 in FY 2024). Revenue: CN¥2.29b (down 34% from FY 2024). Net income: CN¥714.1m (down 40% from FY 2024). Profit margin: 31% (down from 34% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, May 22, 2026 Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhenjiang, Jiangsu China New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Mar 31
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥23.13, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 343% over the past three years. Announcement • Dec 31
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.085 (vs CN¥1.04 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.085 (down from CN¥1.04 in 3Q 2024). Revenue: CN¥465.8m (down 62% from 3Q 2024). Net income: CN¥44.9m (down 92% from 3Q 2024). Profit margin: 9.6% (down from 44% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 19
Jiangsu Zhengdan Chemical Industry Co., Ltd. Announces Interim Cash Dividend on A Shares for 2025, Payable on 25 September 2025 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced interim Cash dividend/10 shares (tax included) on A shares of CNY 3.00000000 for 2025. Record date: 24 September 2025. Ex-date: 25 September 2025. Payment date: 25 September 2025. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.46 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.47 (up from CN¥0.46 in 2Q 2024). Revenue: CN¥575.6m (down 33% from 2Q 2024). Net income: CN¥241.5m (up 6.4% from 2Q 2024). Profit margin: 42% (up from 26% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report First Half, 2025 Results on Aug 01, 2025 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report first half, 2025 results on Aug 01, 2025 Announcement • May 22
Jiangsu Zhengdan Chemical Industry Co., Ltd. Approves Cash Dividend for 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that at its AGM held on 16 May 2025, the shareholders approved 2024 profit distribution plan: cash dividend/10 shares (tax included) of CNY 3.00000000. Announcement • Apr 17
Jiangsu Zhengdan Chemical Industry Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2024. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: CN¥2.35 (vs CN¥0.02 in FY 2023) Full year 2024 results: EPS: CN¥2.35 (up from CN¥0.02 in FY 2023). Revenue: CN¥3.48b (up 126% from FY 2023). Net income: CN¥1.19b (up CN¥1.18b from FY 2023). Profit margin: 34% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, May 16, 2025 Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhenjiang, Jiangsu China Announcement • Mar 31
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Dec 31
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Fiscal Year 2024 Results on Apr 16, 2025 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report fiscal year 2024 results on Apr 16, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.77, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 291% over the past three years. Announcement • Nov 09
Jiangsu Zhengdan Chemical Industry Co., Ltd. Announces Interim Cash Dividend for the Year 2024, Payable on 14 November 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced interim cash dividend of CNY 4.00000000 per ten A shares (tax included) for the year 2024. Record date: 13 November 2024. Ex-date: 14 November 2024. Payment date: 14 November 2024. Announcement • Oct 17
Jiangsu Zhengdan Chemical Industry Co., Ltd. Proposes Interim Cash Dividend for the First Half of 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. proposed interim cash dividend of CNY 4.00000000 per 10 shares (tax included) for the first half of 2024. Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: CN¥1.04 (vs CN¥0.003 in 3Q 2023) Third quarter 2024 results: EPS: CN¥1.04 (up from CN¥0.003 in 3Q 2023). Revenue: CN¥1.21b (up 214% from 3Q 2023). Net income: CN¥539.0m (up CN¥537.5m from 3Q 2023). Profit margin: 44% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q3, 2024 Results on Oct 16, 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q3, 2024 results on Oct 16, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥20.86, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 193% over the past three years. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.031 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.46 (up from CN¥0.031 in 2Q 2023). Revenue: CN¥864.1m (up 155% from 2Q 2023). Net income: CN¥226.9m (up CN¥212.8m from 2Q 2023). Profit margin: 26% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Announcement • Jun 29
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report First Half, 2024 Results on Aug 06, 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report first half, 2024 results on Aug 06, 2024 New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.02 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.02 in 1Q 2023). Revenue: CN¥518.1m (up 29% from 1Q 2023). Net income: CN¥59.0m (up 413% from 1Q 2023). Profit margin: 11% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Apr 27
Jiangsu Zhengdan Chemical Industry Co., Ltd. Proposes Final Cash Dividend for 2023 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: final cash dividend per ten shares (tax included): CNY 0.20000000. Announcement • Apr 26
Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, May 16, 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhenjiang, Jiangsu China Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.11 in FY 2022) Full year 2023 results: EPS: CN¥0.02 (down from CN¥0.11 in FY 2022). Revenue: CN¥1.54b (down 20% from FY 2022). Net income: CN¥9.88m (down 82% from FY 2022). Profit margin: 0.6% (down from 2.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Apr 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Dividend is not well covered by earnings (284% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Announcement • Mar 30
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (284% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Announcement • Dec 29
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (284% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.024 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.003 (down from CN¥0.024 in 3Q 2022). Revenue: CN¥386.2m (down 21% from 3Q 2022). Net income: CN¥1.42m (down 89% from 3Q 2022). Profit margin: 0.4% (down from 2.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% 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. Announcement • Sep 30
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Announcement • Jul 23
Jiangsu Zhengdan Chemical Industry Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 26, 2023 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY0.50000000 on A shares for the year 2022. Record date is July 25, 2023. Ex-date is July 26, 2023. Payment date is July 26, 2023. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.065 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.065 in 1Q 2022). Revenue: CN¥402.3m (down 22% from 1Q 2022). Net income: CN¥11.5m (down 63% from 1Q 2022). Profit margin: 2.9% (down from 6.0% in 1Q 2022). The decrease in margin was driven by lower revenue. 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 5% per year, which means it is significantly lagging earnings growth. 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. 4 non-independent directors. Independent Director Ming Fan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.024 (vs CN¥0.038 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.024 (down from CN¥0.038 in 3Q 2021). Revenue: CN¥491.0m (up 15% from 3Q 2021). Net income: CN¥12.4m (down 36% from 3Q 2021). Profit margin: 2.5% (down from 4.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.071 (vs CN¥0.06 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.071 (up from CN¥0.06 in 2Q 2021). Revenue: CN¥541.0m (up 28% from 2Q 2021). Net income: CN¥30.1m (up 11% from 2Q 2021). Profit margin: 5.6% (down from 6.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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¥6.41, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 18% over the past three years. Announcement • May 12
Jiangsu Zhengdan Chemical Industry Co., Ltd. Announces Final Cash Dividend for the Year 2021, Payable on 16 May 2022 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced final cash dividend (tax included) of CNY 0.50000000 per 10 shares for the year 2021. Record date on 13 May 2022, Ex-date on 16 May 2022 and Payment date on 16 May 2022. Announcement • May 08
Jiangsu Zhengdan Chemical Industry Co., Ltd. Approves Cash Dividend for the Year 2021 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that at its AGM held on April 29, 2022, shareholders approved the cash dividend of CNY 0.50 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.06 (down from CN¥0.07 in 1Q 2021). Revenue: CN¥486.3m (up 24% from 1Q 2021). Net income: CN¥31.4m (down 9.0% from 1Q 2021). Profit margin: 6.5% (down from 8.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 8 experienced directors. 4 highly experienced directors. Deputy GM & Non-Independent Director Cui Cao was the last 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: Insufficient board refreshment. Announcement • Apr 10
Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, Apr 29, 2022 Jiangsu Zhengdan Chemical Industry Co., Ltd., Annual General Meeting, Apr 29, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider Amendments to the Company's articles of association; to consider Amendments to the Company's rules of procedure governing shareholders' general meetings; to consider Amendments to the Company's rules of procedure governing the board meetings; to consider Amendments to the work system for independent directors; to consider Amendments to the management measures on financing and external guarantee; to consider Amendments to the raised funds management system; and to consider other matter also. Announcement • Apr 08
Jiangsu Zhengdan Chemical Industry Declares Profit Distribution for 2021 Jiangsu Zhengdan Chemical Industry Co., Ltd. declared profit distribution of CNY 0.50000000 per 10 shares (tax included) for 2021. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: CN¥0.21 (vs CN¥0.09 in FY 2020) Full year 2021 results: EPS: CN¥0.21 (up from CN¥0.09 in FY 2020). Revenue: CN¥1.76b (up 34% from FY 2020). Net income: CN¥104.5m (up 143% from FY 2020). Profit margin: 5.9% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.038 (vs CN¥0.036 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥426.4m (up 17% from 3Q 2020). Net income: CN¥19.5m (up 10% from 3Q 2020). Profit margin: 4.6% (down from 4.9% 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 12% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.25, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.001 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥422.8m (up 39% from 2Q 2020). Net income: CN¥27.1m (up CN¥27.6m from 2Q 2020). Profit margin: 6.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥8.94, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 32x in the Chemicals industry in China. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥7.00, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 13% over the past three years. Announcement • May 16
Jiangsu Zhengdan Chemical Industry Co., Ltd. Approves Cash Dividend for the Year 2020 Jiangsu Zhengdan Chemical Industry Co., Ltd. held its Annual General Meeting of 2020 on 12 May 2021, during which it approved cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2020. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.08 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥1.32b (flat on FY 2019). Net income: CN¥43.0m (up 6.3% from FY 2019). Profit margin: 3.3% (up from 3.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.95, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS CN¥0.087 (vs CN¥0.08 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥1.32b (flat on FY 2019). Net income: CN¥42.7m (up 5.6% from FY 2019). Profit margin: 3.2% (up from 3.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Mar 08
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: CN¥8.15 The company is up 30% from its price of CN¥6.25 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥4.41, the stock is trading at a trailing P/E ratio of 74.4x, down from the previous P/E ratio of 90.3x. 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 45%. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥5.28 The company is down 3.0% from its price of CN¥5.44 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 • Oct 27
New 90-day high: CN¥7.49 The company is up 41% from its price of CN¥5.30 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥30.1m, down 3.4% from the prior year. Total revenue was CN¥1.31b over the last 12 months, up 8.1% from the prior year. Announcement • Oct 16
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Announcement • Jul 24
Jiangsu Zhengdan Chemical Industry Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Jiangsu Zhengdan Chemical Industry Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020