Declared Dividend • May 17
Dividend reduced to CN¥0.075 Dividend of CN¥0.075 is 25% lower than last year. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 23
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: 9.3% 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 cash flows (109% cash payout ratio). Profit margins are more than 30% lower than last year (9.3% net profit margin). Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.28 in FY 2024) Full year 2025 results: EPS: CN¥0.25 (down from CN¥0.28 in FY 2024). Revenue: CN¥1.67b (up 5.1% from FY 2024). Net income: CN¥193.1m (down 12% from FY 2024). Profit margin: 12% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year. Announcement • Apr 17
Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, May 11, 2026 Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, May 11, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suqian, Jiangsu China Announcement • Mar 31
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.078 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.078 in 3Q 2024). Revenue: CN¥396.6m (up 5.5% from 3Q 2024). Net income: CN¥38.9m (down 36% from 3Q 2024). Profit margin: 9.8% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • Sep 30
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.061 (vs CN¥0.064 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.061. Revenue: CN¥391.2m (up 8.1% from 2Q 2024). Net income: CN¥48.0m (flat on 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Announcement • Jul 02
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 New Risk • Jul 02
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 8.2% 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 (8.2% average weekly change). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥6.64, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 27x in the Consumer Durables industry in China. Total loss to shareholders of 16% over the past three years. Declared Dividend • May 18
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 19th May 2025 Payment date: 19th May 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 18
Jiangsu Xiuqiang Glasswork Co., Ltd. Proposes Final Cash Dividend for 2024 Jiangsu Xiuqiang Glasswork Co., Ltd. announced on 17 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 1.00000000. Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.27 in FY 2023) Full year 2024 results: EPS: CN¥0.28 (up from CN¥0.27 in FY 2023). Revenue: CN¥1.59b (up 10% from FY 2023). Net income: CN¥219.4m (up 5.5% from FY 2023). Profit margin: 14% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Apr 17
Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, May 08, 2025 Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suqian, Jiangsu China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥4.59, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total loss to shareholders of 36% over the past three years. Announcement • Mar 31
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.078 (vs CN¥0.071 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.078 (up from CN¥0.071 in 3Q 2023). Revenue: CN¥376.0m (down 2.8% from 3Q 2023). Net income: CN¥60.5m (up 11% from 3Q 2023). Profit margin: 16% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥5.52, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total loss to shareholders of 18% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.077 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.062 (down from CN¥0.077 in 2Q 2023). Revenue: CN¥361.9m (up 8.9% from 2Q 2023). Net income: CN¥47.7m (down 20% from 2Q 2023). Profit margin: 13% (down from 18% 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 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • May 15
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 17th May 2024 Payment date: 17th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.27. Revenue: CN¥1.44b (down 4.6% from FY 2022). Net income: CN¥208.0m (up 13% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Announcement • Apr 10
Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, May 08, 2024 Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suqian, Jiangsu China Announcement • Mar 30
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.27. Revenue: CN¥1.44b (down 4.6% from FY 2022). Net income: CN¥207.6m (up 13% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥4.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 28% over the past three years. Announcement • Dec 30
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Fiscal Year 2023 Results on Apr 10, 2024 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report fiscal year 2023 results on Apr 10, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.06 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.071 (up from CN¥0.06 in 3Q 2022). Revenue: CN¥386.9m (down 1.0% from 3Q 2022). Net income: CN¥54.6m (up 37% from 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.10 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.077. Revenue: CN¥332.3m (down 8.4% from 2Q 2022). Net income: CN¥59.7m (flat on 2Q 2022). Profit margin: 18% (up from 16% in 2Q 2022). The increase in margin was driven by lower expenses. Announcement • Jul 14
Jiangsu Xiuqiang Glasswork Co., Ltd. Approves Management Appointments Jiangsu Xiuqiang Glasswork Co., Ltd. announced at the EGM held on July 12, 2023 that the company approved election of Lu Xiangqi as non-independent director; Zhang Caiwen and Tao Xiaohui as independent directors and Li Xuejia as non-employee supervisor. Announcement • Jul 01
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Announcement • May 11
Jiangsu Xiuqiang Glasswork Co., Ltd. Announces Final Profit Distribution for 2022, Payable on 16 May 2023 Jiangsu Xiuqiang Glasswork Co., Ltd. announced 2022 final profit distribution plan to be implemented of CNY 1.00000000 per 10 A shares (tax included). The dividend payment date is 16 May 2023 with record date of 15 May 2023 and ex-date is 16 May 2023. Announcement • May 06
Jiangsu Xiuqiang Glasswork Co., Ltd. Approves Cash Dividend for 2022 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that at its AGM held on 4 May 2023, approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Apr 12
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.30 (up from CN¥0.23 in FY 2021). Revenue: CN¥1.50b (up 3.0% from FY 2021). Net income: CN¥182.7m (up 33% from FY 2021). Profit margin: 12% (up from 9.4% in FY 2021). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.23 in FY 2021) Full year 2022 results: EPS: CN¥0.30 (up from CN¥0.23 in FY 2021). Revenue: CN¥1.50b (up 3.0% from FY 2021). Net income: CN¥182.7m (up 33% from FY 2021). Profit margin: 12% (up from 9.4% in FY 2021). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.13, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Consumer Durables industry in China. Negligible returns to shareholders over past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Bai Heng Zhang was the last independent 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: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.096 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.06 (down from CN¥0.096 in 3Q 2021). Revenue: CN¥390.8m (flat on 3Q 2021). Net income: CN¥39.8m (down 26% from 3Q 2021). Profit margin: 10% (down from 14% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.097 (up from CN¥0.029 in 1Q 2021). Revenue: CN¥411.2m (up 27% from 1Q 2021). Net income: CN¥59.8m (up 230% from 1Q 2021). Profit margin: 14% (up from 5.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. 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. 12 experienced directors. No highly experienced directors. Independent Director Bai Zhang 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 20
Jiangsu Xiuqiang Glasswork Co., Ltd. Announces Final Profit Distribution for 2021, Payable on 25 April 2022 Jiangsu Xiuqiang Glasswork Co., Ltd. announced 2021 final profit distribution plan to be implemented of CNY 1.00000000 per 10 A shares (tax included). The dividend payment date is 25 April 2022 with record date of 22 April 2022 and ex-date is 25 April 2022. The 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. The tax on cash dividend per 10 shares is CNY 0.10000000 (10% x CNY 1.00000000). The net cash dividend per 10 shares after tax: CNY 0.90000000 (CNY 1.00000000- CNY 0.10000000). Announcement • Apr 13
Jiangsu Xiuqiang Glasswork Co., Ltd. Approves Cash Dividend for 2021 Jiangsu Xiuqiang Glasswork Co., Ltd. at its Annual General Meeting of 2021 on 11 April 2022 approved cash dividend of CNY 1.00000000 (tax included) per 10 shares for 2021. Announcement • Mar 23
Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, Apr 11, 2022 Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, Apr 11, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider 2022 application for comprehensive credit line to banks; and to consider purchase of liability insurance for directors, supervisors and senior management. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.23 (up from CN¥0.20 in FY 2020). Revenue: CN¥1.46b (up 13% from FY 2020). Net income: CN¥136.6m (up 12% from FY 2020). Profit margin: 9.4% (in line with FY 2020). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.23 (up from CN¥0.20 in FY 2020). Revenue: CN¥1.46b (up 13% from FY 2020). Net income: CN¥136.6m (up 12% from FY 2020). Profit margin: 9.4% (in line with FY 2020). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.082 (vs CN¥0.056 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥384.5m (up 12% from 3Q 2020). Net income: CN¥50.7m (up 46% from 3Q 2020). Profit margin: 13% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS CN¥0.048 (vs CN¥0.039 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥326.8m (up 24% from 2Q 2020). Net income: CN¥30.0m (up 23% from 2Q 2020). Profit margin: 9.2% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.27, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 23x in the Consumer Durables industry in China. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 31% share price gain to CN¥8.14, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 27x in the Consumer Durables industry in China. Total returns to shareholders of 109% over the past three years. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.053 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥323.9m (up 20% from 1Q 2020). Net income: CN¥18.1m (down 45% from 1Q 2020). Profit margin: 5.6% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 23
Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, Mar 12, 2021 Jiangsu Xiuqiang Glasswork Co., Ltd., Annual General Meeting, Mar 12, 2021, at 14:00 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to 2020 work report of the supervisory committee; to 2020 annual accounts; to 2020 annual report and its summary; to 2020 profit distribution plan; and to 2021 application for comprehensive credit line to banks. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.21 in FY 2019) The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: CN¥1.29b (up 1.4% from FY 2019). Net income: CN¥121.9m (down 2.4% from FY 2019). Profit margin: 9.5% (in line with FY 2019). 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. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥6.64 The company is down 27% from its price of CN¥9.15 on 30 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 Consumer Durables industry, which is up 14% over the same period. Announcement • Jan 22
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Fiscal Year 2020 Results on Mar 13, 2021 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report fiscal year 2020 results on Mar 13, 2021 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥6.82, the stock is trading at a trailing P/E ratio of 38.7x, down from the previous P/E ratio of 48.2x. This compares to an average P/E of 31x in the Consumer Durables industry in China. Total return to shareholders over the past three years is a loss of 1.3%. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥7.51 The company is down 11% from its price of CN¥8.44 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 22% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market pulls back on stock over the past week After last week's 16% share price decline to CN¥9.98, the stock is trading at a trailing P/E ratio of 56.6x, down from the previous P/E ratio of 67x. This compares to an average P/E of 34x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 31%. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 23% share price gain to CN¥11.82, the stock is trading at a trailing P/E ratio of 67x, up from the previous P/E ratio of 54.5x. This compares to an average P/E of 36x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 52%. Is New 90 Day High Low • Nov 04
New 90-day high: CN¥11.82 The company is up 60% from its price of CN¥7.38 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 9.0% over the same period. Announcement • Oct 20
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 15% share price gain to CN¥9.20, the stock is trading at a trailing P/E ratio of 52.8x, up from the previous P/E ratio of 45.8x. This compares to an average P/E of 36x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 17%. Announcement • Jul 18
Jiangsu Xiuqiang Glasswork Co., Ltd. to Report First Half, 2020 Results on Aug 07, 2020 Jiangsu Xiuqiang Glasswork Co., Ltd. announced that they will report first half, 2020 results on Aug 07, 2020