Buy Or Sell Opportunity • Jul 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥7.25. The fair value is estimated to be CN¥9.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Anuncio • Jun 30
Qifeng New Material Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Qifeng New Material Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Buy Or Sell Opportunity • Jun 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to CN¥7.45. The fair value is estimated to be CN¥9.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Anuncio • May 29
Qifeng New Material Co., Ltd. Announces Cash Dividend as Final Profit Distribution Plan to Be Implemented (A Shares) for 2025 , Payable on 01 June 2026 Qifeng New Material Co., Ltd. announced Dividend Implementation for 2025 final profit distribution plan to be implemented (A shares) as Cash dividend of CNY 1.70000000 per 10 shares (tax included) . Record date: 29 May 2026 . Ex-date: 01 June 2026. Payment date: 01 June 2026. Net cash dividend per 10 shares after tax: CNY 1.53000000(CNY 1.70000000- CNY 0.17000000). Anuncio • Apr 28
Qifeng New Material Co., Ltd., Annual General Meeting, May 21, 2026 Qifeng New Material Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.22 in FY 2024) Full year 2025 results: EPS: CN¥0.28 (up from CN¥0.22 in FY 2024). Revenue: CN¥3.36b (down 1.0% from FY 2024). Net income: CN¥154.8m (up 38% from FY 2024). Profit margin: 4.6% (up from 3.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Anuncio • Mar 31
Qifeng New Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Qifeng New Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Anuncio • Dec 31
Qifeng New Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Qifeng New Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 15
Third quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.006 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.006 loss in 3Q 2024). Revenue: CN¥850.4m (up 8.1% from 3Q 2024). Net income: CN¥39.3m (up CN¥41.9m from 3Q 2024). Profit margin: 4.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. New Risk • Oct 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (159% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Anuncio • Sep 30
Qifeng New Material Co., Ltd. to Report Q3, 2025 Results on Oct 15, 2025 Qifeng New Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 15, 2025 Anuncio • Sep 09
Qifeng New Material Co., Ltd. Approves Interim Cash Dividend for 2025 Qifeng New Material Co., Ltd. at the Extraordinary General Meeting of 2025 on 08 September 2025, approved 2025 interim profit distribution plan. Cash dividend per 10 shares (tax included) of CNY 1.00000000. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.082 (vs CN¥0.12 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.082 (down from CN¥0.12 in 2Q 2024). Revenue: CN¥842.8m (down 6.6% from 2Q 2024). Net income: CN¥45.2m (down 22% from 2Q 2024). Profit margin: 5.4% (down from 6.4% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Anuncio • Aug 23
Qifeng New Material Co., Ltd. Proposes Interim Cash Dividend for the Year 2025 Qifeng New Material Co., Ltd. at its EGM to be held on September 8, 2025, proposed interim cash dividend/10 shares (tax included): CNY1.00000000 for the year 2025. Anuncio • Jul 02
Qifeng New Material Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Qifeng New Material Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Declared Dividend • May 14
Dividend increased to CN¥0.30 Dividend of CN¥0.30 is 50% higher than last year. Ex-date: 19th May 2025 Payment date: 19th May 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (202% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 124% to bring the payout ratio under control. However, EPS has declined by 14% over the last 5 years so the company would need to reverse this trend. New Risk • Apr 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 202% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 202% Paying a dividend despite having no free cash flows. Earnings have declined by 0.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.3% net profit margin). Anuncio • Apr 15
Qifeng New Material Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Qifeng New Material Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2024. Anuncio • Apr 14
Qifeng New Material Co., Ltd., Annual General Meeting, May 08, 2025 Qifeng New Material Co., Ltd., Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Reported Earnings • Apr 12
First quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.10 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.03 (down from CN¥0.10 in 1Q 2024). Revenue: CN¥837.1m (down 2.9% from 1Q 2024). Net income: CN¥17.9m (down 65% from 1Q 2024). Profit margin: 2.1% (down from 5.9% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. 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 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to CN¥9.61. The fair value is estimated to be CN¥12.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 37%. Anuncio • Mar 31
Qifeng New Material Co., Ltd. to Report Q1, 2025 Results on Apr 12, 2025 Qifeng New Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 12, 2025 Anuncio • Dec 31
Qifeng New Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 Qifeng New Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 12
Third quarter 2024 earnings released: CN¥0.006 loss per share (vs CN¥0.21 profit in 3Q 2023) Third quarter 2024 results: CN¥0.006 loss per share (down from CN¥0.21 profit in 3Q 2023). Revenue: CN¥786.9m (down 21% from 3Q 2023). Net loss: CN¥2.61m (down 102% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Anuncio • Sep 30
Qifeng New Material Co., Ltd. to Report Q3, 2024 Results on Oct 12, 2024 Qifeng New Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 12, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.98, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 21x in the Forestry industry in China. Total returns to shareholders of 71% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.11 in 2Q 2023). Revenue: CN¥902.6m (down 2.6% from 2Q 2023). Net income: CN¥57.9m (up 16% from 2Q 2023). Profit margin: 6.4% (up from 5.4% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 29
Qifeng New Material Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Qifeng New Material Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • May 29
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 8.5% 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: 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 (8.5% average weekly change). Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.68, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Forestry industry in China. Total returns to shareholders of 84% over the past three years. Anuncio • May 11
Qifeng New Material Co., Ltd. Implements Cash Dividend on A Shares for 2023, Payable on 17 May 2024 Qifeng New Material Co., Ltd. implemented cash dividend on A shares of CNY 2.00000000 for 2023. Record date: 16 May 2024. Ex-date: 17 May 2024. Payment date: 17 May 2024. Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.004 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.004 loss in 1Q 2023). Revenue: CN¥861.9m (up 8.3% from 1Q 2023). Net income: CN¥51.2m (up CN¥53.0m from 1Q 2023). Profit margin: 5.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Anuncio • Apr 13
Qifeng New Material Co., Ltd., Annual General Meeting, May 07, 2024 Qifeng New Material Co., Ltd., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.51, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 32x in the Forestry industry in China. Total returns to shareholders of 87% over the past three years. Anuncio • Mar 30
Qifeng New Material Co., Ltd. to Report Q1, 2024 Results on Apr 13, 2024 Qifeng New Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 13, 2024 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.33, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 30x in the Forestry industry in China. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.43, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 39x in the Forestry industry in China. Total returns to shareholders of 63% over the past three years. Anuncio • Dec 29
Qifeng New Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 Qifeng New Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.21 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.21 loss in 3Q 2022). Revenue: CN¥990.9m (up 23% from 3Q 2022). Net income: CN¥109.4m (up CN¥121.6m from 3Q 2022). Profit margin: 11% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.009 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.009 loss in 2Q 2022). Revenue: CN¥926.5m (up 14% from 2Q 2022). Net income: CN¥49.8m (up CN¥54.5m from 2Q 2022). Profit margin: 5.4% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Anuncio • Jul 18
Qifeng New Material Co., Ltd. Approves Management Elections Qifeng New Material Co., Ltd. at its Extraordinary General Meeting held on 14 July 2023 approved the election of Li Xianming as non-independent director. The company also approved the election of Wang Dongming as non-employee supervisor. Anuncio • Jul 01
Qifeng New Material Co., Ltd. to Report First Half, 2023 Results on Aug 12, 2023 Qifeng New Material Co., Ltd. announced that they will report first half, 2023 results on Aug 12, 2023 Anuncio • Jun 14
Qifeng New Material Co., Ltd. Announces Implementation of Final Cash Dividend for 2022, Payable on 19 June 2023 Qifeng New Material Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): cash dividend (tax included): CNY 1.00000000 per 10 shares. Record date: 16 June 2023; Ex-date: 19 June 2023; Payment date: 19 June 2023. Board Change • May 02
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. 7 experienced directors. 3 highly experienced directors. Deputy GM & Non-Independent Director Wen Hai Li was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.33 in FY 2021) Full year 2022 results: EPS: CN¥0.02 (down from CN¥0.33 in FY 2021). Revenue: CN¥3.12b (down 16% from FY 2021). Net income: CN¥8.48m (down 95% from FY 2021). Profit margin: 0.3% (down from 4.5% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Oct 26
Third quarter 2022 earnings released: CN¥0.21 loss per share (vs CN¥0.012 profit in 3Q 2021) Third quarter 2022 results: CN¥0.21 loss per share (down from CN¥0.012 profit in 3Q 2021). Revenue: CN¥804.9m (down 14% from 3Q 2021). Net loss: CN¥12.1m (down 299% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: CN¥0.009 loss per share (vs CN¥0.13 profit in 2Q 2021) Second quarter 2022 results: CN¥0.009 loss per share (down from CN¥0.13 profit in 2Q 2021). Revenue: CN¥815.4m (down 21% from 2Q 2021). Net loss: CN¥4.71m (down 108% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Anuncio • May 27
Qifeng New Material Co., Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on May 31, 2022 Qifeng New Material Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2021. Record date is May 30, 2022. Ex-date is May 31, 2022. Payment date is May 31, 2022. Anuncio • May 20
Qifeng New Material Co., Ltd. Approves Cash Dividend for the Year 2021 Qifeng New Material Co., Ltd. announced that at its Annual General Meeting held on 18 May 2022, approved cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.18 in 1Q 2021). Revenue: CN¥838.2m (down 5.0% from 1Q 2021). Net income: CN¥20.6m (down 77% from 1Q 2021). Profit margin: 2.5% (down from 10% in 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 74%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Anuncio • Apr 26
Qifeng New Material Co., Ltd. Announces Profit Distribution Proposal for 2021 Qifeng New Material Co., Ltd. announced on 25 April 2022 the profit distribution proposal for 2021 as follows: Cash dividend/10 shares (tax included) is CNY 1.00000000. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.33 (up from CN¥0.32 in FY 2020). Revenue: CN¥3.70b (up 32% from FY 2020). Net income: CN¥165.2m (up 3.3% from FY 2020). Profit margin: 4.5% (down from 5.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 74%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.12 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¥940.0m (up 18% from 3Q 2020). Net income: CN¥6.11m (down 90% from 3Q 2020). Profit margin: 0.7% (down from 7.3% 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 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.12 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¥940.0m (up 18% from 3Q 2020). Net income: CN¥6.11m (down 90% from 3Q 2020). Profit margin: 0.7% (down from 7.3% 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 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.16, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 23x in the Forestry industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.069 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.04b (up 40% from 2Q 2020). Net income: CN¥62.9m (up 87% from 2Q 2020). Profit margin: 6.1% (up from 4.5% 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 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Anuncio • May 15
Qifeng New Material Co., Ltd. Announces 2020 Final Distribution Plan to Be Implemented (A Shares), Payable on 20 May 2021 Qifeng New Material Co., Ltd. announced 2020 final distribution plan to be implemented (A shares) of CNY 1.00000000 per 10 shares (tax included), with record date: 19 May 2021, ex-date: 20 May 2021 and payment date: 20 May 2021. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.03 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥882.1m (up 74% from 1Q 2020). Net income: CN¥90.1m (up CN¥76.4m from 1Q 2020). Profit margin: 10% (up from 2.7% 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 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.27 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.81b (down 14% from FY 2019). Net income: CN¥159.5m (up 20% from FY 2019). Profit margin: 5.7% (up from 4.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.27 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.81b (down 14% from FY 2019). Net income: CN¥159.5m (up 20% from FY 2019). Profit margin: 5.7% (up from 4.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.27, the stock is trading at a trailing P/E ratio of 26x, up from the previous P/E ratio of 21.8x. This compares to an average P/E of 23x in the Forestry industry in China. Total return to shareholders over the past three years is a loss of 12%. Anuncio • Feb 24
Qifeng New Material Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Qifeng New Material Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Feb 23
New 90-day high: CN¥6.15 The company is up 5.0% from its price of CN¥5.85 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: CN¥6.08 The company is up 7.0% from its price of CN¥5.66 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥5.42 The company is down 12% from its price of CN¥6.19 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 Forestry industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥5.46 The company is down 8.0% from its price of CN¥5.91 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is down 2.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥142.4m, up 45% from the prior year. Total revenue was CN¥2.79b over the last 12 months, down 16% from the prior year. Anuncio • Oct 17
Qifeng New Material Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Qifeng New Material Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Oct 04
New 90-day low: CN¥5.56 The company is down 2.0% from its price of CN¥5.70 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 10.0% over the same period. Anuncio • Aug 08
Qifeng New Material Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Qifeng New Material Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020