Buy Or Sell Opportunity • Jul 20
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to CN¥25.39. The fair value is estimated to be CN¥34.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 27%. Announcement • Jun 30
Suzhou Shihua New Material Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.72, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 51x in the Chemicals industry in China. Total returns to shareholders of 90% over the past three years. Buy Or Sell Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥27.18. The fair value is estimated to be CN¥33.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 27%. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥29.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 65% over the past three years. Announcement • Apr 20
Suzhou Shihua New Material Technology Co., Ltd., Annual General Meeting, May 08, 2026 Suzhou Shihua New Material Technology Co., Ltd., Annual General Meeting, May 08, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Apr 19
First quarter 2026 earnings released: EPS: CN¥0.30 (vs CN¥0.33 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.30 (down from CN¥0.33 in 1Q 2025). Revenue: CN¥239.2m (down 6.4% from 1Q 2025). Net income: CN¥85.4m (down 2.1% from 1Q 2025). Profit margin: 36% (up from 34% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 35% 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 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Suzhou Shihua New Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 18, 2026 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Reported Earnings • Mar 05
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.49 (up from CN¥1.07 in FY 2024). Revenue: CN¥1.09b (up 37% from FY 2024). Net income: CN¥398.9m (up 43% from FY 2024). Profit margin: 37% (up from 35% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 30% 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 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
Suzhou Shihua New Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 New Risk • Nov 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (240% cash payout ratio). Major Estimate Revision • Nov 07
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥1.10b to CN¥1.15b. EPS estimate increased from CN¥1.33 to CN¥1.53 per share. Net income forecast to grow 16% next year vs 52% growth forecast for Chemicals industry in China. Consensus price target of CN¥32.00 unchanged from last update. Share price fell 7.0% to CN¥36.75 over the past week. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.35 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.35 in 3Q 2024). Revenue: CN¥308.7m (up 20% from 3Q 2024). Net income: CN¥123.4m (up 34% from 3Q 2024). Profit margin: 40% (up from 36% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% 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 increased by 23% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥43.15, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Chemicals industry in China. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.34 per share. Announcement • Sep 30
Suzhou Shihua New Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 18
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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.24 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.41 (up from CN¥0.24 in 2Q 2024). Revenue: CN¥280.8m (up 60% from 2Q 2024). Net income: CN¥105.9m (up 70% from 2Q 2024). Profit margin: 38% (up from 36% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% 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 increased by 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥39.35, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.29 per share. Announcement • Jun 30
Suzhou Shihua New Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥26.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 75% over the past three years. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.16 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.33 (up from CN¥0.16 in 1Q 2024). Revenue: CN¥255.7m (up 92% from 1Q 2024). Net income: CN¥87.2m (up 111% from 1Q 2024). Profit margin: 34% (up from 31% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% 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 increased by 12% per year whereas the company’s share price has increased by 14% per year. New Risk • Apr 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.6% 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 cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (9.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.40, 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 10.0% over the past three years. Announcement • Mar 28
Suzhou Shihua New Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Mar 11
Suzhou Shihua New Material Technology Co., Ltd., Annual General Meeting, Mar 31, 2025 Suzhou Shihua New Material Technology Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 27
Suzhou Shihua New Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥257.7m (up 45% from 3Q 2023). Net income: CN¥92.0m (up 22% from 3Q 2023). Profit margin: 36% (down from 42% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% 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 increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Suzhou Shihua New Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.11 per share. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.21 in 2Q 2023). Revenue: CN¥175.6m (up 34% from 2Q 2023). Net income: CN¥62.3m (up 27% from 2Q 2023). Profit margin: 36% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 17% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Suzhou Shihua New Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.50, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 20% over the past three years. Announcement • Apr 19
Suzhou Shihua New Material Technology Co., Ltd., Annual General Meeting, May 08, 2024 Suzhou Shihua New Material Technology Co., Ltd., Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥133.1m (up 63% from 1Q 2023). Net income: CN¥41.3m (up 37% from 1Q 2023). Profit margin: 31% (down from 37% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Suzhou Shihua New Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 18, 2024 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.77 (vs CN¥0.77 in FY 2022) Full year 2023 results: EPS: CN¥0.77 (up from CN¥0.77 in FY 2022). Revenue: CN¥511.5m (up 11% from FY 2022). Net income: CN¥193.5m (up 4.4% from FY 2022). Profit margin: 38% (down from 40% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% 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 (7.7% average weekly change). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). 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¥11.69, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 29% over the past three years. Announcement • Dec 29
Suzhou Shihua New Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.31 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28. Revenue: CN¥177.4m (flat on 3Q 2022). Net income: CN¥75.2m (flat on 3Q 2022). Profit margin: 42% (in line with 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.16 in 2Q 2022). Revenue: CN¥131.3m (up 35% from 2Q 2022). Net income: CN¥49.2m (up 28% from 2Q 2022). Profit margin: 38% (down from 40% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jun 28
Suzhou Shihua New Material Technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Buying Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be CN¥23.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 87% in a year. Earnings is forecast to grow by 83% in the next year. Reported Earnings • Apr 18
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12. Revenue: CN¥81.5m (flat on 1Q 2022). Net income: CN¥30.0m (up 5.5% from 1Q 2022). Profit margin: 37% (up from 35% in 1Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.77 (vs CN¥0.76 in FY 2021) Full year 2022 results: EPS: CN¥0.77 (up from CN¥0.76 in FY 2021). Revenue: CN¥462.3m (up 8.7% from FY 2021). Net income: CN¥185.4m (flat on FY 2021). Profit margin: 40% (down from 43% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Buying Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥23.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 107% in 2 years. Earnings is forecast to grow by 95% in the next 2 years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.25 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.25 in 3Q 2021). Revenue: CN¥175.9m (up 15% from 3Q 2021). Net income: CN¥74.6m (up 23% from 3Q 2021). Profit margin: 42% (up from 40% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥24.79, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥35.55 per share. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥24.38, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 13% over the past year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in 2Q 2021). Revenue: CN¥97.4m (up 16% from 2Q 2021). Net income: CN¥38.5m (up 22% from 2Q 2021). Profit margin: 40% (up from 38% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥20.64, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 26x in the Chemicals industry in China. Total loss to shareholders of 17% over the past year. Buying Opportunity • May 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be CN¥28.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has grown by 6.1%. Revenue is forecast to grow by 88% in a year. Earnings is forecast to grow by 77% in the next year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.19 in 1Q 2021). Revenue: CN¥80.8m (up 24% from 1Q 2021). Net income: CN¥28.5m (down 15% from 1Q 2021). Profit margin: 35% (down from 51% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 88%, compared to a 42% growth forecast for the industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be CN¥33.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 150% in 2 years. Earnings is forecast to grow by 117% in the next 2 years. Reported Earnings • Feb 21
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.07 (up from CN¥0.92 in FY 2020). Revenue: CN¥425.4m (up 29% from FY 2020). Net income: CN¥183.3m (up 42% from FY 2020). Profit margin: 43% (up from 39% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 75%, compared to a 46% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.39 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¥152.7m (up 37% from 3Q 2020). Net income: CN¥60.7m (up 22% from 3Q 2020). Profit margin: 40% (down from 45% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥39.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Chemicals industry in China. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥83.8m (up 47% from 2Q 2020). Net income: CN¥31.7m (up 80% from 2Q 2020). Profit margin: 38% (up from 31% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥46.28, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 30x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥39.35, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 30x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥34.93, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 30x in the Chemicals industry in China. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥65.2m (up 27% from 1Q 2020). Net income: CN¥33.5m (up 129% from 1Q 2020). Profit margin: 51% (up from 29% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Announcement • Mar 05
Suzhou Shihua New Material Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 Suzhou Shihua New Material Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Feb 24
New 90-day low: CN¥23.49 The company is down 21% from its price of CN¥29.62 on 26 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥23.92 The company is down 10.0% from its price of CN¥26.66 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥24.34 The company is down 15% from its price of CN¥28.47 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. 
