Valuation Update With 7 Day Price Move • 5h
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥6.16, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 21% over the past three years. Ankündigung • Jun 30
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 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 8.6% 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: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.95, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 40% over the past three years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Feng Wang was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 30
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Q1, 2026 Results on Apr 14, 2026 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report Q1, 2026 results on Apr 14, 2026 Ankündigung • Mar 19
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd, Annual General Meeting, Apr 09, 2026 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd, Annual General Meeting, Apr 09, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Ankündigung • Mar 12
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that it expects to receive CNY 2.999999996 billion in funding from Anhui Wanwei Group Co., Ltd. Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announces that it has entered Share Subscription Agreement with Anhui Wanwei Group Co., Ltd. to issue not more than 467,289,719 A shares at a price of CNY 6.42 per share for gross proceeds of CNY 2,999,999,995.98 on March 10, 2026. The shares subscribed to in this issuance cannot be transferred within 36 months from the issuance closing date. The shares Anhui Wanwei Group Co., Ltd. held prior to the issuance cannot be transferred within 18 months from the issuance closing date. Anhui Wanwei Group Co., Ltd. will subscribe to all shares. At present, Anhui Wanwei Group Co., Ltd. holds 687,691,350 shares, 33.24% stake. This has been approved in the 18th Meeting of the Company’s 9th Directorate, and is subject to the approvals of the Company’s Shareholders, state-owned enterprise Anhui Wanwei Group Co., Ltd., the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Ankündigung • Dec 26
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Fiscal Year 2025 Results on Mar 20, 2026 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report fiscal year 2025 results on Mar 20, 2026 Ankündigung • Sep 30
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Ankündigung • Jun 30
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report First Half, 2025 Results on Aug 16, 2025 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report first half, 2025 results on Aug 16, 2025 Ankündigung • Mar 28
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Ankündigung • Mar 20
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd, Annual General Meeting, Apr 11, 2025 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd, Annual General Meeting, Apr 11, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Ankündigung • Jan 22
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that it expects to receive CNY 300 million in funding from Anhui Wanwei Group Co., Ltd. Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced a private placement and signed Share Subscription Agreement with returning investor Anhui Wanwei Group Co., Ltd for 33.55% stake and post completion, will hold 35.83% stake to issue 75,000,000 A shares at an issue price of CNY 4 per share for the gross proceeds of CNY 300,000,000 on January 20, 2025. The transaction has been approved in 10th Meeting of the Company’s 9th Directorate, and is subject to the approvals of the Company’s Shareholders, the State-Owned Enterprise, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. The shares Anhui Wanwei Group Co., Ltd. subscribes to cannot be transferred within 36 months from the issuance closing date. The shares Anhui Wanwei Group Co., Ltd. held prior to the issuance cannot be transferred within 18 months from the issuance closing date. Ankündigung • Dec 27
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Fiscal Year 2024 Results on Mar 20, 2025 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report fiscal year 2024 results on Mar 20, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.033 (vs CN¥0.027 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.033 (up from CN¥0.027 in 3Q 2023). Revenue: CN¥2.08b (down 2.8% from 3Q 2023). Net income: CN¥70.6m (up 19% from 3Q 2023). Profit margin: 3.4% (up from 2.8% in 3Q 2023). Revenue is forecast to grow 18% 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 fallen by 54% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 30
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 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¥3.73, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 39% over the past three years. Ankündigung • Jun 28
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report First Half, 2024 Results on Aug 16, 2024 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024 Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.68 in FY 2022) Full year 2023 results: EPS: CN¥0.16 (down from CN¥0.68 in FY 2022). Revenue: CN¥8.26b (down 17% from FY 2022). Net income: CN¥341.7m (down 75% from FY 2022). Profit margin: 4.1% (down from 14% in FY 2022). Revenue is forecast to grow 11% 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 fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 16
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd, Annual General Meeting, May 15, 2024 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd, Annual General Meeting, May 15, 2024, at 14:20 China Standard Time. Location: The Company's R and D Center, Hefei, Anhui China Ankündigung • Mar 29
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥3.21, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Chemicals industry in China. Total loss to shareholders of 9.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.62 per share. Ankündigung • Dec 30
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report Fiscal Year 2023 Results on Mar 22, 2024 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Oct 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.1% net profit margin). New Risk • Aug 13
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: 7.9% Last year net profit margin: 16% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.9% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥2.35b (down 6.7% from 2Q 2022). Net income: CN¥216.8m (down 60% from 2Q 2022). Profit margin: 9.2% (down from 22% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 28
Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd to Report First Half, 2023 Results on Aug 12, 2023 Anhui Wanwei Updated High-Tech Material Industry Co.,Ltd announced that they will report first half, 2023 results on Aug 12, 2023 Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.51 in FY 2021) Full year 2022 results: EPS: CN¥0.68 (up from CN¥0.51 in FY 2021). Revenue: CN¥9.94b (up 23% from FY 2021). Net income: CN¥1.37b (up 39% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.26, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.04 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xinmin Dai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥2.26b (down 7.0% from 3Q 2021). Net income: CN¥334.5m (up 39% from 3Q 2021). Profit margin: 15% (up from 9.9% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.18 in 2Q 2021). Revenue: CN¥2.52b (up 23% from 2Q 2021). Net income: CN¥544.7m (up 55% from 2Q 2021). Profit margin: 22% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.0%, compared to a 41% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 224% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.41, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 181% over the past three years. 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. 8 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Fuqian Fang was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥6.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 80% over the past three years. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.51 (up from CN¥0.32 in FY 2020). Revenue: CN¥8.10b (up 15% from FY 2020). Net income: CN¥982.1m (up 61% from FY 2020). Profit margin: 12% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 28%, compared to a 47% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 58% 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 • Jan 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.50 (up from CN¥0.32 in FY 2020). Revenue: CN¥8.10b (up 15% from FY 2020). Net income: CN¥967.6m (up 58% from FY 2020). Profit margin: 12% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 28%, compared to a 41% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.43b (up 24% from 3Q 2020). Net income: CN¥241.0m (up 58% from 3Q 2020). Profit margin: 9.9% (up from 7.8% 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 62% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.53 per share. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥7.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.11 per share. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.66, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 146% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.08 per share. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.086 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.05b (up 36% from 2Q 2020). Net income: CN¥350.7m (up 116% from 2Q 2020). Profit margin: 17% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥4.53, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 51% over the past three years. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.025 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.70b (up 44% from 1Q 2020). Net income: CN¥129.0m (up 164% from 1Q 2020). Profit margin: 7.6% (up from 4.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 29
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.20 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.05b (up 11% from FY 2019). Net income: CN¥611.2m (up 59% from FY 2019). Profit margin: 8.7% (up from 6.1% in FY 2019). The increase in margin was driven by higher revenue. 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.20 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.05b (up 11% from FY 2019). Net income: CN¥611.2m (up 59% from FY 2019). Profit margin: 8.7% (up from 6.1% in FY 2019). The increase in margin was driven by higher revenue. 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 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥4.56 The company is up 11% from its price of CN¥4.11 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: CN¥4.19 The company is up 21% from its price of CN¥3.46 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 21% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥4.18 The company is up 3.0% from its price of CN¥4.06 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 6.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥447.6m, up 52% from the prior year. Total revenue was CN¥6.12b over the last 12 months, down 3.9% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥3.53 The company is down 2.0% from its price of CN¥3.61 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period.