New Risk • Jun 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 10% 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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 42% per year over the past 5 years. New Risk • May 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: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Apr 24
Full year 2025 earnings released: CN¥0.04 loss per share (vs CN¥0.50 loss in FY 2024) Full year 2025 results: CN¥0.04 loss per share (improved from CN¥0.50 loss in FY 2024). Revenue: CN¥5.03b (down 1.4% from FY 2024). Net loss: CN¥13.5m (loss narrowed 92% from FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Ankündigung • Apr 23
Shandong Daye Co., Ltd., Annual General Meeting, May 18, 2026 Shandong Daye Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhucheng, Shandong China Ankündigung • Mar 30
Shandong Daye Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shandong Daye Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Dec 26
Shandong Daye Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Shandong Daye Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Dec 24
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 7.1% 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: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 47% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.064 loss per share (vs CN¥0.27 loss in 3Q 2024) Third quarter 2025 results: CN¥0.064 loss per share (improved from CN¥0.27 loss in 3Q 2024). Revenue: CN¥1.26b (up 4.0% from 3Q 2024). Net loss: CN¥19.0m (loss narrowed 77% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 30
Shandong Daye Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shandong Daye Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.09 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.09 loss in 2Q 2024). Revenue: CN¥1.31b (down 5.8% from 2Q 2024). Net income: CN¥37.5m (up CN¥69.0m from 2Q 2024). Profit margin: 2.9% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Ankündigung • Jun 30
Shandong Daye Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Shandong Daye Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Reported Earnings • May 03
Third quarter 2024 earnings released: CN¥0.27 loss per share (vs CN¥0.092 profit in 3Q 2023) Third quarter 2024 results: CN¥0.27 loss per share (down from CN¥0.092 profit in 3Q 2023). Revenue: CN¥1.21b (down 19% from 3Q 2023). Net loss: CN¥83.1m (down 396% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • Apr 29
Shandong Daye Co., Ltd., Annual General Meeting, May 28, 2025 Shandong Daye Co., Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Ankündigung • Mar 28
Shandong Daye Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shandong Daye Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Ankündigung • Jan 11
Shandong Daye Co., Ltd. (SHSE:603278) made an offer to acquire remaining 19.44% stake in Shandong Daye New Materials Co., Ltd. from Weifang Urban Construction and Development Investment Group Co.,Ltd. for CNY 430.62 million. Shandong Daye Co., Ltd. (SHSE:603278) made an offer to acquire remaining 19.44% stake in Shandong Daye New Materials Co., Ltd. from Weifang Urban Construction and Development Investment Group Co.,Ltd. on January 9, 2025. Upon completion, Shandong Daye Co., Ltd. will own 100% stake in Shandong Daye New Materials Co., Ltd. The transaction will be financed through equity investment. As of September 30, 2024, Shandong Daye New Materials Co., Ltd. reported total assets of CNY 3.09 billion. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. New Risk • Jan 10
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 12% 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 Risks Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 40% per year over the past 5 years. Ankündigung • Dec 27
Shandong Daye Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shandong Daye Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Dec 09
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 11% 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 Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2024 earnings released: CN¥0.27 loss per share (vs CN¥0.092 profit in 3Q 2023) Third quarter 2024 results: CN¥0.27 loss per share (down from CN¥0.092 profit in 3Q 2023). Revenue: CN¥1.21b (down 19% from 3Q 2023). Net loss: CN¥83.1m (down 396% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Oct 09
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.6% 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 Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 39% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Ankündigung • Sep 30
Shandong Daye Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shandong Daye Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.95, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 24x in the Metals and Mining industry in China. Total loss to shareholders of 35% over the past three years. New Risk • Jul 05
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 39% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding). Ankündigung • Jun 28
Shandong Daye Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Shandong Daye Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥6.39, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 23% over the past three years. Reported Earnings • Apr 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.33 (up from CN¥0.88 loss in FY 2022). Revenue: CN¥5.56b (up 6.6% from FY 2022). Net income: CN¥95.9m (up CN¥351.1m from FY 2022). Profit margin: 1.7% (up from net loss in FY 2022). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 27
Shandong Daye Co., Ltd., Annual General Meeting, May 28, 2024 Shandong Daye Co., Ltd., Annual General Meeting, May 28, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhucheng, Shandong China Ankündigung • Mar 30
Shandong Daye Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shandong Daye Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Ankündigung • Mar 09
Shandong Daye Co., Ltd. (SHSE:603278) announces an Equity Buyback for CNY 40 million worth of its shares. Shandong Daye Co., Ltd. (SHSE:603278) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not more than CNY 10 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds or self-raised funds. The repurchase period will be not more than 6 months. Ankündigung • Dec 29
Shandong Daye Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Shandong Daye Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Nov 20
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 6.4% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.19 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.092 (up from CN¥0.19 loss in 3Q 2022). Revenue: CN¥1.50b (up 2.7% from 3Q 2022). Net income: CN¥28.1m (up CN¥83.0m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.038 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.038 loss in 2Q 2022). Revenue: CN¥1.41b (up 19% from 2Q 2022). Net income: CN¥43.8m (up CN¥54.7m from 2Q 2022). Profit margin: 3.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • May 04
Full year 2022 earnings released: CN¥0.88 loss per share (vs CN¥0.38 profit in FY 2021) Full year 2022 results: CN¥0.88 loss per share (down from CN¥0.38 profit in FY 2021). Revenue: CN¥5.21b (up 26% from FY 2021). Net loss: CN¥255.2m (down 334% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yongmei Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.19 loss per share (vs CN¥0.081 profit in 3Q 2021) Third quarter 2022 results: CN¥0.19 loss per share (down from CN¥0.081 profit in 3Q 2021). Revenue: CN¥1.46b (up 36% from 3Q 2021). Net loss: CN¥54.9m (down 330% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.038 loss per share (vs CN¥0.26 profit in 2Q 2021) Second quarter 2022 results: CN¥0.038 loss per share (down from CN¥0.26 profit in 2Q 2021). Revenue: CN¥1.18b (up 30% from 2Q 2021). Net loss: CN¥10.8m (down 115% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% 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. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Jian Yang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Feb 17
Shandong Daye Co., Ltd. announced that it expects to receive CNY 600 million in funding Shandong Daye Co., Ltd. announced a private placement of not more than 86,987,607 A shares for proceeds of not more than CNY 600,000,000 on February 16, 2021. The transaction will include participation from not more than 35 investors. Issue price will not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance closing date The transaction has been approved at the 13th Meeting of the company’s 4th directorate and is subject to its shareholder's approval and China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥10.30, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total loss to shareholders of 3.7% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.08b (up 27% from 3Q 2020). Net income: CN¥23.8m (down 38% from 3Q 2020). Profit margin: 2.2% (down from 4.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥8.90, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total loss to shareholders of 17% over the past three years. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS CN¥0.26 (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¥911.3m (up 28% from 2Q 2020). Net income: CN¥74.0m (up 59% from 2Q 2020). Profit margin: 8.1% (up from 6.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% 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. Ankündigung • May 15
Shandong Daye Co., Ltd. (SHSE:603278) acquired Shandong Snton Steel Cord Co., Ltd. Shandong Daye Co., Ltd. (SHSE:603278) acquired Shandong Snton Steel Cord Co., Ltd. on May 14, 2021. Fang Litang of DHH acted as legal advisor to Shandong Daye.
Shandong Daye Co., Ltd. (SHSE:603278) completed the acquisition of Shandong Snton Steel Cord Co., Ltd. on May 14, 2021. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.03 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.15b (up 120% from 1Q 2020). Net income: CN¥52.6m (up CN¥59.8m from 1Q 2020). Profit margin: 4.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.35 (vs CN¥0.53 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥3.07b (up 13% from FY 2019). Net income: CN¥102.5m (down 33% from FY 2019). Profit margin: 3.3% (down from 5.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Ankündigung • Mar 05
Shandong Daye Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Shandong Daye Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Dec 23
New 90-day high: CN¥8.84 The company is up 4.0% from its price of CN¥8.50 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥8.24 The company is down 4.0% from its price of CN¥8.61 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 8.0% over the same period. Ankündigung • Oct 19
Shandong Daye Co., Ltd. to Report Q3, 2020 Results on Oct 22, 2020 Shandong Daye Co., Ltd. announced that they will report Q3, 2020 results on Oct 22, 2020 Ankündigung • Jul 08
Shandong Daye Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Shandong Daye Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020 