Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 41x in the Basic Materials industry in China. Total loss to shareholders of 15% over the past three years. Ankündigung • Jun 30
Ningxia Building Materials Group Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026 Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026 Board Change • Jun 26
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 Libang Luo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 30
Dividend reduced to CN¥0.16 Dividend of CN¥0.16 is 24% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 28% EPS decline seen over the last 5 years. Ankündigung • Mar 30
Ningxia Building Materials Group Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Ankündigung • Mar 25
Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2026 Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2026, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia China Ankündigung • Dec 26
Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2025 Results on Mar 26, 2026 Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2025 results on Mar 26, 2026 Ankündigung • Sep 30
Ningxia Building Materials Group Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Ankündigung • Jun 30
Ningxia Building Materials Group Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Ankündigung • Mar 28
Ningxia Building Materials Group Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Ankündigung • Mar 27
Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2025 Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2025, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia China Ankündigung • Dec 27
Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2024 Results on Mar 27, 2025 Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥2.47b (down 23% from 3Q 2023). Net income: CN¥118.3m (down 16% from 3Q 2023). Profit margin: 4.8% (up from 4.3% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥12.92, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Basic Materials industry in China. Total returns to shareholders of 26% over the past three years. Ankündigung • Sep 30
Ningxia Building Materials Group Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024 Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.48 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.48 in 2Q 2023). Revenue: CN¥2.73b (down 13% from 2Q 2023). Net income: CN¥68.0m (down 53% from 2Q 2023). Profit margin: 2.5% (down from 4.6% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Ankündigung • Jun 28
Ningxia Building Materials Group Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • Apr 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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 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 (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Ankündigung • Mar 29
Ningxia Building Materials Group Co.,Ltd to Report Q1, 2024 Results on Apr 24, 2024 Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 24, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.62 (vs CN¥1.11 in FY 2022) Full year 2023 results: EPS: CN¥0.62 (down from CN¥1.11 in FY 2022). Revenue: CN¥10.4b (up 20% from FY 2022). Net income: CN¥297.4m (down 44% from FY 2022). Profit margin: 2.9% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Basic Materials industry in China. 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 4% per year, which means it is well ahead of earnings. Ankündigung • Mar 28
Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 23, 2024 Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 23, 2024, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia China Buy Or Sell Opportunity • Mar 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to CN¥17.12. The fair value is estimated to be CN¥21.99, 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 declined by 35%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 200% in the next 2 years. New Risk • Jan 25
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 7.9% 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 Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.66, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.93 per share. Buying Opportunity • Jan 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥20.68, 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 declined by 35%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 200% in the next 2 years. Ankündigung • Dec 29
Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2023 Results on Mar 28, 2024 Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.45 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥3.22b (up 8.1% from 3Q 2022). Net income: CN¥140.1m (down 35% from 3Q 2022). Profit margin: 4.3% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buying Opportunity • Oct 20
Now 24% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be CN¥25.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 150% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥21.54, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Basic Materials industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.16 per share. Ankündigung • Sep 30
Ningxia Building Materials Group Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023 Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.79 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.48 (down from CN¥0.79 in 2Q 2022). Revenue: CN¥3.12b (up 25% from 2Q 2022). Net income: CN¥145.1m (down 61% from 2Q 2022). Profit margin: 4.6% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: CN¥1.11 (vs CN¥1.68 in FY 2021) Full year 2022 results: EPS: CN¥1.11 (down from CN¥1.68 in FY 2021). Revenue: CN¥8.66b (up 50% from FY 2021). Net income: CN¥529.0m (down 34% from FY 2021). Profit margin: 6.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in China are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.41 per share. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥15.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Basic Materials industry in China. Total returns to shareholders of 65% over the past three years. Board Change • Nov 16
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. 10 experienced directors. No highly experienced directors. 3 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.64 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.45 (down from CN¥0.64 in 3Q 2021). Revenue: CN¥2.98b (up 60% from 3Q 2021). Net income: CN¥214.5m (down 30% from 3Q 2021). Profit margin: 7.2% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.79 (vs CN¥0.80 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.79 (down from CN¥0.80 in 2Q 2021). Revenue: CN¥2.51b (up 47% from 2Q 2021). Net income: CN¥368.8m (down 4.1% from 2Q 2021). Profit margin: 15% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.6% compared to a 19% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 06
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. 10 experienced directors. No highly experienced directors. 3 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.68 (down from CN¥2.02 in FY 2020). Revenue: CN¥5.78b (up 13% from FY 2020). Net income: CN¥801.2m (down 17% from FY 2020). Profit margin: 14% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 5.7%, compared to a 14% growth forecast for the industry in China. 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.64 (vs CN¥0.83 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¥1.86b (up 9.6% from 3Q 2020). Net income: CN¥305.6m (down 23% from 3Q 2020). Profit margin: 16% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.80 (vs CN¥0.83 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.71b (down 4.8% from 2Q 2020). Net income: CN¥384.5m (down 13% from 2Q 2020). Profit margin: 23% (down from 25% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 24
Upcoming dividend of CN¥0.67 per share Eligible shareholders must have bought the stock before 31 May 2021. Payment date: 31 May 2021. Trailing yield: 3.8%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.6%). Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.04 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¥575.3m (up 52% from 1Q 2020). Net income: CN¥1.75m (up CN¥18.7m from 1Q 2020). Profit margin: 0.3% (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 increased by 39% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 22
Full year 2020 earnings released: EPS CN¥2.02 (vs CN¥1.61 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.11b (up 6.7% from FY 2019). Net income: CN¥964.9m (up 26% from FY 2019). Profit margin: 19% (up from 16% 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 41% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS CN¥2.02 (vs CN¥1.61 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.11b (up 6.7% from FY 2019). Net income: CN¥964.9m (up 26% from FY 2019). Profit margin: 19% (up from 16% 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 41% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 04
New 90-day high: CN¥15.12 The company is up 2.0% from its price of CN¥14.88 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥12.61 The company is down 17% from its price of CN¥15.13 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥12.84 The company is down 12% from its price of CN¥14.61 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥43.76 per share. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥14.07 The company is down 7.0% from its price of CN¥15.18 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥43.76 per share. Is New 90 Day High Low • Nov 03
New 90-day low: CN¥14.12 The company is down 25% from its price of CN¥18.84 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.13 per share. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥980.9m, up 42% from the prior year. Total revenue was CN¥5.03b over the last 12 months, up 7.2% from the prior year.