Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.082 (vs CN¥0.049 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.082 (up from CN¥0.049 in 1Q 2025). Revenue: CN¥91.8m (up 4.8% from 1Q 2025). Net income: CN¥6.87m (up 69% from 1Q 2025). Profit margin: 7.5% (up from 4.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Guangdong Kitech New Material Holding Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.10 in FY 2024) Full year 2025 results: EPS: CN¥0.23 (up from CN¥0.10 in FY 2024). Revenue: CN¥375.0m (up 8.3% from FY 2024). Net income: CN¥19.6m (up 126% from FY 2024). Profit margin: 5.2% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Announcement • Mar 11
Guangdong Kitech New Material Holding Co.,Ltd., Annual General Meeting, Apr 02, 2026 Guangdong Kitech New Material Holding Co.,Ltd., Annual General Meeting, Apr 02, 2026, at 14:30 China Standard Time. Location: Office Building, No. 323, Lianhai Road, Jianghai District, Jiangmen, Guangdong China New Risk • Jan 26
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 118% Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (118% payout ratio). Announcement • Dec 31
Guangdong Kitech New Material Holding Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.019 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.05 (up from CN¥0.019 in 3Q 2024). Revenue: CN¥91.5m (down 5.8% from 3Q 2024). Net income: CN¥4.19m (up 158% from 3Q 2024). Profit margin: 4.6% (up from 1.7% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Sep 30
Guangdong Kitech New Material Holding Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Aug 30
Guangdong Kitech New Material Holding Co.,Ltd. Announces Interim Cash Dividend Plan for 2025 Guangdong Kitech New Material Holding Co.,Ltd. at 3rd Extraordinary General Meeting of 2025 to be held on 16 September 2025, to approve the interim profit distribution plan for 2025. For the period, the company's Cash dividend/10 shares (tax included): CNY 0.75000000. Announcement • Jul 02
Guangdong Kitech New Material Holding Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Hong Xie was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 31
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 25% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (135% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 50% to bring the payout ratio under control. However, EPS has declined by 33% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.099 in FY 2023) Full year 2024 results: EPS: CN¥0.10 (up from CN¥0.099 in FY 2023). Revenue: CN¥346.1m (up 22% from FY 2023). Net income: CN¥8.69m (up 4.8% from FY 2023). Profit margin: 2.5% (down from 2.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 16
Guangdong Kitech New Material Holding Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Guangdong Kitech New Material Holding Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.50000000 for the year 2024. Announcement • Apr 15
Guangdong Kitech New Material Holding Co.,Ltd., Annual General Meeting, May 06, 2025 Guangdong Kitech New Material Holding Co.,Ltd., Annual General Meeting, May 06, 2025, at 14:30 China Standard Time. Location: 3F, Office Building, No. 323, Lianhai Road, Jianghai District, Jiangmen, Guangdong China Announcement • Mar 31
Guangdong Kitech New Material Holding Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Guangdong Kitech New Material Holding Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.017 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.019 (up from CN¥0.017 in 3Q 2023). Revenue: CN¥97.1m (up 44% from 3Q 2023). Net income: CN¥1.62m (up 11% from 3Q 2023). Profit margin: 1.7% (down from 2.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Guangdong Kitech New Material Holding Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.006 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.006 (in line with 2Q 2023). Revenue: CN¥86.9m (up 17% from 2Q 2023). Net income: CN¥486.8k (down 1.9% from 2Q 2023). Profit margin: 0.6% (down from 0.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Guangdong Kitech New Material Holding Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 08
Dividend of CN¥0.12 announced Dividend of CN¥0.12 is the same as last year. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 8.8% to bring the payout ratio under control. However, EPS has declined by 30% over the last 5 years so the company would need to reverse this trend. Announcement • Jun 08
Guangdong Kitech New Material Holding Co.,Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 13 June 2024 Guangdong Kitech New Material Holding Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.20000000 on A shares for the year 2023. Record date: 12 June 2024 Ex-date: 13 June 2024 and Payment date: 13 June 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.037 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.041 (up from CN¥0.037 in 1Q 2023). Revenue: CN¥70.5m (up 17% from 1Q 2023). Net income: CN¥3.46m (up 12% from 1Q 2023). Profit margin: 4.9% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Mar 30
Guangdong Kitech New Material Holding Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Mar 28
Guangdong Kitech New Material Holding Co.,Ltd., Annual General Meeting, Apr 17, 2024 Guangdong Kitech New Material Holding Co.,Ltd., Annual General Meeting, Apr 17, 2024, at 15:30 China Standard Time. Location: The Company's Meeting Room, Jiangmen, Guangdong China Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.096 (vs CN¥0.19 in FY 2022) Full year 2023 results: EPS: CN¥0.096 (down from CN¥0.19 in FY 2022). Revenue: CN¥283.2m (up 11% from FY 2022). Net income: CN¥8.03m (down 51% from FY 2022). Profit margin: 2.8% (down from 6.4% in FY 2022). New Risk • Feb 05
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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 215% Paying a dividend despite having no free cash flows. Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Jan 19
Third quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.039 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.017 (down from CN¥0.039 in 3Q 2022). Revenue: CN¥67.5m (up 22% from 3Q 2022). Net income: CN¥1.47m (down 55% from 3Q 2022). Profit margin: 2.2% (down from 5.8% in 3Q 2022). Announcement • Dec 29
Guangdong Kitech New Material Holding Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Guangdong Kitech New Material Holding Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 23
Third quarter 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.039 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.009 (down from CN¥0.039 in 3Q 2022). Revenue: CN¥67.5m (up 22% from 3Q 2022). Net income: CN¥741.5k (down 77% from 3Q 2022). Profit margin: 1.1% (down from 5.8% in 3Q 2022). New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Earnings have declined by 32% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.073 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.006 (down from CN¥0.073 in 2Q 2022). Revenue: CN¥74.2m (up 6.4% from 2Q 2022). Net income: CN¥496.0k (down 92% from 2Q 2022). Profit margin: 0.7% (down from 8.8% in 2Q 2022). New Risk • Aug 01
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Board Change • Jun 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. GM & Chairman of the Board Desheng Rao is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.037 (vs CN¥0.086 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.037 (down from CN¥0.086 in 1Q 2022). Revenue: CN¥60.2m (down 14% from 1Q 2022). Net income: CN¥3.09m (down 57% from 1Q 2022). Profit margin: 5.1% (down from 10% in 1Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.078 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.078 in 3Q 2021). Revenue: CN¥55.5m (down 23% from 3Q 2021). Net income: CN¥3.24m (down 50% from 3Q 2021). Profit margin: 5.8% (down from 9.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.073 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.073 (down from CN¥0.23 in 2Q 2021). Revenue: CN¥69.8m (down 18% from 2Q 2021). Net income: CN¥6.15m (down 60% from 2Q 2021). Profit margin: 8.8% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Announcement • May 31
Guangdong Kitech New Material Holding Co.,Ltd. Implements Final Cash Dividend (A Shares) for 2021, Payable on June 6, 2022 Guangdong Kitech New Material Holding Co.,Ltd. implemented final cash dividend (A Shares) of CNY 2.36000000 per ten shares (tax included) for 2021, payable on June 6, 2022 with record date of June 2, 2022 and ex-date of June 6, 2022. Announcement • May 12
Guangdong Kitech New Material Holding Co.,Ltd. Approves Cash Dividend Guangdong Kitech New Material Holding Co.,Ltd. held its Annual General Meeting of 2021 on 06 May 2022, during which it approved: Cash dividend/10 shares (tax included): CNY 2.36000000. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.086 (vs CN¥0.14 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.086 (down from CN¥0.14 in 1Q 2021). Revenue: CN¥70.3m (up 2.5% from 1Q 2021). Net income: CN¥7.25m (down 19% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.43 (vs CN¥1.33 in FY 2020) Full year 2021 results: EPS: CN¥0.43 (down from CN¥1.33 in FY 2020). Revenue: CN¥319.9m (down 11% from FY 2020). Net income: CN¥32.3m (down 62% from FY 2020). Profit margin: 10% (down from 23% in FY 2020). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.23 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥72.3m (down 11% from 3Q 2020). Net income: CN¥6.50m (down 56% from 3Q 2020). Profit margin: 9.0% (down from 18% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥35.31, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 29x in the Chemicals industry in China. 