New Risk • 8h
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Board Change • May 20
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. 4 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Kam Le Hong was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Mar 30
Jiangsu Lopal Tech. Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Lopal Tech. Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Dec 26
Jiangsu Lopal Tech. Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Jiangsu Lopal Tech. Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Ankündigung • Sep 30
Jiangsu Lopal Tech. Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jiangsu Lopal Tech. Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Ankündigung • Jun 30
Jiangsu Lopal Tech. Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Jiangsu Lopal Tech. Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Ankündigung • Jun 13
Jiangsu Lopal Tech. Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 120 million. Jiangsu Lopal Tech. Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 120 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: HKD 6
Discount Per Security: HKD 0.16
Transaction Features: Subsequent Direct Listing Ankündigung • Jun 05
Jiangsu Lopal Tech. Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 120 million. Jiangsu Lopal Tech. Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 120 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: HKD 6
Discount Per Security: HKD 0.16
Transaction Features: Subsequent Direct Listing Ankündigung • May 06
Jiangsu Lopal Tech. Co., Ltd., Annual General Meeting, May 28, 2025 Jiangsu Lopal Tech. Co., Ltd., Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Location: 2nd floor, large conference room, no. 6 hengtong avenue, nanjing economic and, technological development zone, jiangsu province, nanjing China Ankündigung • Mar 28
Jiangsu Lopal Tech. Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Lopal Tech. Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Ankündigung • Jan 23
Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) completed the acquisition of Shandong Meiduo Technology Co., Ltd. from Shi Junfeng Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) agreed to acquire Shandong Meiduo Technology Co., Ltd. from Shi Junfeng for CNY 100 million on March 6, 2024. As per the announcement dated January 16, 2025 all conditions have been fulfilled.
Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) completed the acquisition of Shandong Meiduo Technology Co., Ltd. from Shi Junfeng on January 21, 2025. Ankündigung • Jan 17
Jiangsu Lopal Tech. Co., Ltd. Provides Earnings Guidance for the Year 2024 Jiangsu Lopal Tech. Co., Ltd. provided earnings guidance for the year 2024. For the year, the company showed indications of impairment within the scope of consolidation, and recognized corresponding provision for impairment losses on the assets whose recoverable amounts are lower than their respective carrying amounts based on the impairment test results, which is expected to reduce the net profit attributable to owners of the Company by an estimated range of RMB 140.04 million to RMB 164.86 million, as the exact amount has yet to be
determined. The aforementioned provision for impairment losses is expected to reduce the net profit attributable to the owners of the Company by an estimated range of approximately RMB 140.04 million to RMB 164.86 million, as the exact amount has yet to be determined. The amount of the provision for impairment losses has not been audited, and the final accounting treatment and its impact on the Group's financial results for the year 2024 shall be subject to the 2024 annual report of the Company to be published by the Company in due course. Ankündigung • Dec 27
Jiangsu Lopal Tech. Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Jiangsu Lopal Tech. Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Nov 03
Third quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.15 loss in 3Q 2023) Third quarter 2024 results: CN¥0.15 loss per share (in line with 3Q 2023). Revenue: CN¥2.09b (down 22% from 3Q 2023). Net loss: CN¥81.9m (loss widened 13% from 3Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Ankündigung • Oct 29
Jiangsu Lopal Tech. Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 550 million. Jiangsu Lopal Tech. Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 550 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: HKD 5.5
Discount Per Security: HKD 0.12375
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: HKD 5.5
Discount Per Security: HKD 0.12375
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: HKD 5.5
Discount Per Security: HKD 0.12375
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Ankündigung • Oct 24
Jiangsu Lopal Tech. Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 700 million. Jiangsu Lopal Tech. Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 700 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: HKD 4.5 to HKD 7
Discount Per Security: HKD 0.1575
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: HKD 4.5 to HKD 7
Discount Per Security: HKD 0.1575
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: HKD 4.5 to HKD 7
Discount Per Security: HKD 0.1575
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (136% net debt to equity). Shareholders have been diluted in the past year (17% increase in shares outstanding). Ankündigung • Sep 30
Jiangsu Lopal Tech. Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Lopal Tech. Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: CN¥0.25 loss per share (vs CN¥0.76 loss in 2Q 2023) Second quarter 2024 results: CN¥0.25 loss per share (improved from CN¥0.76 loss in 2Q 2023). Revenue: CN¥2.09b (up 21% from 2Q 2023). Net loss: CN¥142.8m (loss narrowed 67% from 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to CN¥7.94. The fair value is estimated to be CN¥9.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CN¥7.79. The fair value is estimated to be CN¥9.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Jun 28
Jiangsu Lopal Tech. Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Jiangsu Lopal Tech. Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Ankündigung • Apr 30
Jiangsu Lopal Tech. Co., Ltd., Annual General Meeting, May 24, 2024 Jiangsu Lopal Tech. Co., Ltd., Annual General Meeting, May 24, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Reported Earnings • Apr 29
Full year 2023 earnings released: CN¥2.18 loss per share (vs CN¥1.42 profit in FY 2022) Full year 2023 results: CN¥2.18 loss per share (down from CN¥1.42 profit in FY 2022). Revenue: CN¥8.73b (down 38% from FY 2022). Net loss: CN¥1.23b (down 264% from profit in FY 2022). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Ankündigung • Mar 29
Jiangsu Lopal Tech. Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Lopal Tech. Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Ankündigung • Mar 07
Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) agreed to acquire Shandong Meiduo Technology Co., Ltd. from Shi Junfeng for CNY 100 million Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) agreed to acquire Shandong Meiduo Technology Co., Ltd. from Shi Junfeng for CNY 100 million on March 6, 2024. New Risk • Feb 05
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 6.6% 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 (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Ankündigung • Dec 30
Jiangsu Lopal Tech. Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Jiangsu Lopal Tech. Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.76 loss per share (vs CN¥0.43 profit in 2Q 2022) Second quarter 2023 results: CN¥0.76 loss per share (down from CN¥0.43 profit in 2Q 2022). Revenue: CN¥1.73b (down 50% from 2Q 2022). Net loss: CN¥431.4m (down 296% from profit in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Ankündigung • May 19
Jiangsu Lopal Tech. Co., Ltd. announced a financing transaction Jiangsu Lopal Tech. Co., Ltd. announced a private placement of common shares on May 17, 2023. The transaction has been approved in the annual general meeting of shareholders. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥1.42 (vs CN¥0.73 in FY 2021) Full year 2022 results: EPS: CN¥1.42 (up from CN¥0.73 in FY 2021). Revenue: CN¥14.1b (up 247% from FY 2021). Net income: CN¥752.9m (up 115% from FY 2021). Profit margin: 5.4% (down from 8.7% in FY 2021). The decrease in margin was driven by higher expenses. 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. 7 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Qingwen Li 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 31
Third quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.10 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.51 (up from CN¥0.10 in 3Q 2021). Revenue: CN¥3.93b (up 278% from 3Q 2021). Net income: CN¥274.9m (up 473% from 3Q 2021). Profit margin: 7.0% (up from 4.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥34.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Chemicals industry in China. Reported Earnings • Aug 08
Second quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.17 in 2Q 2021). Revenue: CN¥3.45b (up 407% from 2Q 2021). Net income: CN¥220.3m (up 157% from 2Q 2021). Profit margin: 6.4% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 94%, compared to a 41% growth forecast for the industry in China. Board Change • Jun 15
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. 8 experienced directors. 4 highly experienced directors. Member of Supervisory Board Meng Sheng was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
