Anuncio • Jun 30
Yueyang Forest & Paper Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Yueyang Forest & Paper Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.01 (vs CN¥0.03 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.01 (down from CN¥0.03 in 1Q 2025). Revenue: CN¥1.95b (down 7.3% from 1Q 2025). Net income: CN¥12.9m (down 73% from 1Q 2025). Profit margin: 0.7% (down from 2.2% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Anuncio • Mar 30
Yueyang Forest & Paper Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Yueyang Forest & Paper Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Board Change • Mar 19
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, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Haifeng Hu is the most experienced director on the board, commencing their role in 2022. Independent Director Yan Yang 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. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 12
Full year 2025 earnings released: CN¥0.13 loss per share (vs CN¥0.09 profit in FY 2024) Full year 2025 results: CN¥0.13 loss per share (down from CN¥0.09 profit in FY 2024). Revenue: CN¥8.67b (up 6.8% from FY 2024). Net loss: CN¥235.0m (down 237% from profit in FY 2024). 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. Anuncio • Mar 11
Yueyang Forest & Paper Co., Ltd., Annual General Meeting, Apr 02, 2026 Yueyang Forest & Paper Co., Ltd., Annual General Meeting, Apr 02, 2026, at 14:00 China Standard Time. Location: 19F, Office Building, No. 001, Xingang Multimodal Transport Logistics Park, Yunxi District, Yueyang, Hunan China Anuncio • Dec 26
Yueyang Forest & Paper Co., Ltd. to Report Fiscal Year 2025 Results on Mar 11, 2026 Yueyang Forest & Paper Co., Ltd. announced that they will report fiscal year 2025 results on Mar 11, 2026 Board Change • Dec 12
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 Yan Yang 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. New Risk • Oct 28
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: 1.2% Last year net profit margin: 1.9% 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: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 28% per year over the past 5 years. 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 (1.2% net profit margin). Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.011 (vs CN¥0.022 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.011 (up from CN¥0.022 loss in 3Q 2024). Revenue: CN¥2.08b (up 32% from 3Q 2024). Net income: CN¥21.0m (up CN¥67.3m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Anuncio • Sep 30
Yueyang Forest & Paper Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Yueyang Forest & Paper Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Anuncio • Jun 30
Yueyang Forest & Paper Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Yueyang Forest & Paper Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Apr 24
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: 0.8% Last year net profit margin: 1.4% 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: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). 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 (0.8% net profit margin). Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.05 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.03 (down from CN¥0.05 in 1Q 2024). Revenue: CN¥2.11b (up 7.6% from 1Q 2024). Net income: CN¥46.9m (down 42% from 1Q 2024). Profit margin: 2.2% (down from 4.1% in 1Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Anuncio • Mar 28
Yueyang Forest & Paper Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Yueyang Forest & Paper Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Mar 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Mar 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.09 (up from CN¥0.13 loss in FY 2023). Revenue: CN¥8.13b (down 5.9% from FY 2023). Net income: CN¥166.7m (up CN¥404.7m from FY 2023). Profit margin: 2.0% (up from net loss in FY 2023). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Forestry industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Anuncio • Mar 12
Yueyang Forest & Paper Co., Ltd., Annual General Meeting, Apr 02, 2025 Yueyang Forest & Paper Co., Ltd., Annual General Meeting, Apr 02, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yueyang, Hunan China Board Change • Feb 01
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. 6 experienced directors. No highly experienced directors. Independent Director Haifeng Hu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Dec 27
Yueyang Forest & Paper Co., Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Yueyang Forest & Paper Co., Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Anuncio • Nov 29
Yueyang Forest & Paper Co., Ltd. (SHSE:600963) agreed to acquire Hunan Juntai New Material Technology Co., Ltd. from Hunan Tiger Forest & Paper Group Co., Ltd. for CNY 1.3 billion. Yueyang Forest & Paper Co., Ltd. (SHSE:600963) agreed to acquire Hunan Juntai New Material Technology Co., Ltd. from Hunan Tiger Forest & Paper Group Co., Ltd. for CNY 1.3 billion on November 25, 2024. A cash consideration of CNY 1.28 billion will be paid by Yueyang Forest & Paper Co., Ltd. As part of consideration, CNY 1.28 billion is paid towards common equity of Hunan Juntai New Material Technology Co., Ltd.
The transaction is subject to approval of offer by acquirer shareholders and approval of offer by acquirer board. The deal has been approved by the board. Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.096 loss in 3Q 2023) Third quarter 2024 results: CN¥0.022 loss per share (improved from CN¥0.096 loss in 3Q 2023). Revenue: CN¥1.58b (down 20% from 3Q 2023). Net loss: CN¥46.4m (loss narrowed 73% from 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Anuncio • Sep 30
Yueyang Forest & Paper Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Yueyang Forest & Paper Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.08 loss per share (vs CN¥0.009 profit in 2Q 2023) Second quarter 2024 results: CN¥0.08 loss per share (down from CN¥0.009 profit in 2Q 2023). Revenue: CN¥1.61b (down 26% from 2Q 2023). Net loss: CN¥129.5m (down CN¥144.9m from profit in 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Anuncio • Jun 28
Yueyang Forest & Paper Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Yueyang Forest & Paper Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Apr 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Anuncio • Apr 04
Yueyang Forest & Paper Co., Ltd., Annual General Meeting, Apr 29, 2024 Yueyang Forest & Paper Co., Ltd., Annual General Meeting, Apr 29, 2024, at 14:00 China Standard Time. Reported Earnings • Apr 04
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.13 loss per share (down from CN¥0.35 profit in FY 2022). Revenue: CN¥8.64b (down 12% from FY 2022). Net loss: CN¥237.9m (down 139% from profit in FY 2022). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Anuncio • Mar 29
Yueyang Forest & Paper Co., Ltd. to Report Q1, 2024 Results on Apr 19, 2024 Yueyang Forest & Paper Co., Ltd. announced that they will report Q1, 2024 results on Apr 19, 2024 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¥4.51, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Forestry industry in China. Total returns to shareholders of 3.4% over the past three years. Anuncio • Dec 30
Yueyang Forest & Paper Co., Ltd. to Report Fiscal Year 2023 Results on Mar 12, 2024 Yueyang Forest & Paper Co., Ltd. announced that they will report fiscal year 2023 results on Mar 12, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.099 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.009 (down from CN¥0.099 in 3Q 2022). Revenue: CN¥1.92b (down 25% from 3Q 2022). Net income: CN¥13.2m (down 92% from 3Q 2022). Profit margin: 0.7% (down from 6.8% in 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Nov 01
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: 2.6% Last year net profit margin: 4.9% 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: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 462% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). New Risk • Sep 06
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: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.10 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.009 (down from CN¥0.10 in 2Q 2022). Revenue: CN¥2.17b (down 1.1% from 2Q 2022). Net income: CN¥15.4m (down 91% from 2Q 2022). Profit margin: 0.7% (down from 8.0% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Jun 28
Yueyang Forest & Paper Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Yueyang Forest & Paper Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Anuncio • May 30
Yueyang Forest & Paper Co., Ltd. (SHSE:600963) announces an Equity Buyback for CNY 100 million worth of its shares. Yueyang Forest & Paper Co., Ltd. (SHSE:600963) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 12 months. Reported Earnings • Mar 11
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.35 (up from CN¥0.17 in FY 2021). Revenue: CN¥9.78b (up 25% from FY 2021). Net income: CN¥615.6m (up 107% from FY 2021). Profit margin: 6.3% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Peng Yang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.026 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.099 (up from CN¥0.026 in 3Q 2021). Revenue: CN¥2.56b (up 37% from 3Q 2021). Net income: CN¥174.3m (up 270% from 3Q 2021). Profit margin: 6.8% (up from 2.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.083 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.083 in 2Q 2021). Revenue: CN¥2.20b (up 13% from 2Q 2021). Net income: CN¥175.4m (up 23% from 2Q 2021). Profit margin: 8.0% (up from 7.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.88, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 23x in the Forestry industry in China. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.23, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 21x in the Forestry industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.093 in 1Q 2021). Revenue: CN¥1.67b (down 15% from 1Q 2021). Net income: CN¥124.2m (down 26% from 1Q 2021). Profit margin: 7.4% (down from 8.5% in 1Q 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging 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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board of Directors Xin Huang was the last director to join the board, commencing their role in 2015. 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 28
Third quarter 2021 earnings released: EPS CN¥0.026 (vs CN¥0.072 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¥1.87b (up 1.3% from 3Q 2020). Net income: CN¥47.1m (down 63% from 3Q 2020). Profit margin: 2.5% (down from 6.9% 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 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.083 (vs CN¥0.031 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.95b (up 9.0% from 2Q 2020). Net income: CN¥143.2m (up 169% from 2Q 2020). Profit margin: 7.4% (up from 3.0% 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 13% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥8.72, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 24x in the Forestry industry in China. Total returns to shareholders of 133% over the past three years. Anuncio • Jul 23
China Chengtong Ecological Co., Ltd. sign an equity transfer agreement to acquire a 51% stake in Hunan Chengtong Tianyue Environmental Technology Co., Ltd. from Yueyang Forest & Paper Co., Ltd. (SHSE:600963) for CNY 36 million. China Chengtong Ecological Co., Ltd. sign an equity transfer agreement to acquire a 51% stake in Hunan Chengtong Tianyue Environmental Technology Co., Ltd. from Yueyang Forest & Paper Co., Ltd. (SHSE:600963) for CNY 36 million on July 21, 2021. Under the terms of the transaction, 70% of the total price will be paid to the bank account designated by Yueyang Forest Paper within 7 working days after the approval of China Chengtong Holding Group Co., Ltd. and the industrial and commercial company of the equity transfer within 7 working days after the change registration is completed, the remaining 30% of the price shall be paid to the bank account designated by Yueyang Forest Paper. As of June 2, 2021, Hunan Chengtong Tianyue Environmental Technology Co., Ltd. has unaudited total assets of CNY 21.75 million and unaudited net assets of CNY 9.2 million. The transaction has been unanimously approved by the Board of Directors of Yueyang Forest & Paper Co., Ltd. The transaction has been approved by China Chengtong Holding Group Co., Ltd., parent of China Chengtong Ecological Co., Ltd. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.38, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Forestry industry in China. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.80, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Forestry industry in China. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.44, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Forestry industry in China. Total returns to shareholders of 43% over the past three years. Reported Earnings • Apr 11
Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.17 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥7.12b (flat on FY 2019). Net income: CN¥414.3m (up 32% from FY 2019). Profit margin: 5.8% (up from 4.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Forestry industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.17 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥7.12b (flat on FY 2019). Net income: CN¥414.3m (up 32% from FY 2019). Profit margin: 5.8% (up from 4.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue misses expectations Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 19%, compared to a 31% growth forecast for the Forestry industry in China. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.47, the stock is trading at a trailing P/E ratio of 20.9x, up from the previous P/E ratio of 17.8x. This compares to an average P/E of 24x in the Forestry industry in China. Total returns to shareholders over the past three years are 20%. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥5.27 The company is up 21% from its price of CN¥4.37 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.85 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.02, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 24x in the Forestry industry in China. Total returns to shareholders over the past three years are 13%. Anuncio • Jan 21
Yueyang Forest & Paper Co., Ltd. to Report Fiscal Year 2020 Results on Mar 17, 2021 Yueyang Forest & Paper Co., Ltd. announced that they will report fiscal year 2020 results on Mar 17, 2021 Is New 90 Day High Low • Jan 18
New 90-day high: CN¥4.53 The company is up 9.0% from its price of CN¥4.14 on 20 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.88 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥466.1m, up 229% from the prior year. Total revenue was CN¥7.09b over the last 12 months, up 2.4% from the prior year. Anuncio • Jul 08
Yueyang Forest & Paper Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Yueyang Forest & Paper Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020 
