Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥28.30, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 79% over the past three years. Annonce • Jun 30
Shandong Dawn Polymer Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Shandong Dawn Polymer Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.32, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 48x in the Chemicals industry in China. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.70, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 104% over the past three years. New Risk • Apr 08
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: 0.5% 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 Earnings have declined by 35% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Annonce • Mar 31
Shandong Dawn Polymer Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shandong Dawn Polymer Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.41 (up from CN¥0.32 in FY 2024). Revenue: CN¥6.06b (up 14% from FY 2024). Net income: CN¥188.9m (up 34% from FY 2024). Profit margin: 3.1% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 31
Shandong Dawn Polymer Co.,Ltd., Annual General Meeting, May 08, 2026 Shandong Dawn Polymer Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Longkou, Shandong China Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.33, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 46x in the Chemicals industry in China. Total returns to shareholders of 67% over the past three years. Annonce • Dec 31
Shandong Dawn Polymer Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shandong Dawn Polymer Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.58, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 42x in the Chemicals industry in China. Total returns to shareholders of 5.7% over the past three years. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥1.57b (up 8.8% from 3Q 2024). Net income: CN¥46.5m (up 48% from 3Q 2024). Profit margin: 3.0% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annonce • Sep 30
Shandong Dawn Polymer Co.,Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Shandong Dawn Polymer Co.,Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.07 in 2Q 2024). Revenue: CN¥1.60b (up 43% from 2Q 2024). Net income: CN¥39.8m (up 26% from 2Q 2024). Profit margin: 2.5% (down from 2.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Aug 22
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 6.7% 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 Earnings have declined by 39% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.33, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 39x in the Chemicals industry in China. Total loss to shareholders of 14% over the past three years. Annonce • Jul 02
Shandong Dawn Polymer Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Shandong Dawn Polymer Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2024). Revenue: CN¥1.29b (up 6.6% from 1Q 2024). Net income: CN¥44.3m (up 25% from 1Q 2024). Profit margin: 3.4% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Apr 10
Shandong Dawn Polymer Co.,Ltd. Approves Final Dividend for 2024 Shandong Dawn Polymer Co.,Ltd. at its Annual General Meeting held on 08 April 2025 approved final cash dividend of CNY 0.65000000 per 10 shares (tax included) for 2024. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥14.07, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 37x in the Chemicals industry in China. Total loss to shareholders of 19% over the past three years. Annonce • Mar 31
Shandong Dawn Polymer Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Shandong Dawn Polymer Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Mar 21
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 8.0% 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 Earnings have declined by 33% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.56, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 38x in the Chemicals industry in China. Total returns to shareholders of 1.4% over the past three years. Annonce • Mar 13
Shandong Dawn Polymer Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Shandong Dawn Polymer Co.,Ltd. announced on 12 March 2025 the profit distribution proposal for 2024 as follows: final Cash dividend/10 shares (tax included)of CNY 0.65. Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.31 in FY 2023) Full year 2024 results: EPS: CN¥0.32 (up from CN¥0.31 in FY 2023). Revenue: CN¥5.30b (up 17% from FY 2023). Net income: CN¥140.9m (flat on FY 2023). Profit margin: 2.7% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% 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. Annonce • Mar 12
Shandong Dawn Polymer Co.,Ltd., Annual General Meeting, Apr 08, 2025 Shandong Dawn Polymer Co.,Ltd., Annual General Meeting, Apr 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Longkou, Shandong China Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥14.36, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 8.3% over the past three years. Annonce • Jan 07
Shandong Dawn Polymer Co.,Ltd. Approves Cash Dividend for the Third Quarter of 2024 Shandong Dawn Polymer Co.,Ltd. announced that at its EGM held on 3 January 2025, the shareholders approved 2024 third quarter profit distribution plan: Cash dividend/10 shares (tax included) of CNY 0.35000000. Annonce • Dec 31
Shandong Dawn Polymer Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 12, 2025 Shandong Dawn Polymer Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 12, 2025 Annonce • Nov 28
Shandong Dawn Polymer Co.,Ltd. (SZSE:002838) signed a letter of intent to acquire Shandong Dawn Titanium Industry Co., Ltd. Shandong Dawn Polymer Co.,Ltd. (SZSE:002838) signed a letter of intent to acquire Shandong Dawn Titanium Industry Co., Ltd. on November 12, 2024. As of September 30, 2024, Shandong Dawn Titanium Industry Co., Ltd. reported total assets of CNY 1.13 billion and total common equity of CNY 597.9 million. Annonce • Oct 26
Shandong Dawn Polymer Co.,Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Shandong Dawn Polymer Co.,Ltd. proposed cash dividend of CNY 0.35 per 10 shares for the third quarter of 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (in line with 3Q 2023). Revenue: CN¥1.45b (up 29% from 3Q 2023). Net income: CN¥31.4m (down 3.6% from 3Q 2023). Profit margin: 2.2% (down from 2.9% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% 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. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.77, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 34x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Annonce • Sep 30
Shandong Dawn Polymer Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Shandong Dawn Polymer Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.99, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 33% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.07 (in line with 2Q 2023). Revenue: CN¥1.12b (down 6.0% from 2Q 2023). Net income: CN¥31.5m (up 2.8% from 2Q 2023). Profit margin: 2.8% (up from 2.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annonce • Jun 29
Shandong Dawn Polymer Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shandong Dawn Polymer Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 24
Dividend reduced to CN¥0.065 Dividend of CN¥0.065 is 7.1% lower than last year. Ex-date: 28th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.2% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Board Change • May 18
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Yimin Wang was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 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 16% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.08 (in line with 1Q 2023). Revenue: CN¥1.21b (up 15% from 1Q 2023). Net income: CN¥35.3m (up 2.0% from 1Q 2023). Profit margin: 2.9% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annonce • Apr 02
Shandong Dawn Polymer Co.,Ltd., Annual General Meeting, May 07, 2024 Shandong Dawn Polymer Co.,Ltd., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Longkou, Shandong China Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.36 in FY 2022) Full year 2023 results: EPS: CN¥0.31 (down from CN¥0.36 in FY 2022). Revenue: CN¥4.54b (flat on FY 2022). Net income: CN¥140.0m (down 8.1% from FY 2022). Profit margin: 3.1% (down from 3.4% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Annonce • Mar 30
Shandong Dawn Polymer Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shandong Dawn Polymer Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.50, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 56% over the past three years. Annonce • Dec 30
Shandong Dawn Polymer Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 02, 2024 Shandong Dawn Polymer Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 02, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.072 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07. Revenue: CN¥1.12b (up 7.1% from 3Q 2022). Net income: CN¥32.6m (up 4.4% from 3Q 2022). Profit margin: 2.9% (in line with 3Q 2022). New Risk • Oct 28
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.0% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). New Risk • Sep 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.10 in 2Q 2022). Revenue: CN¥1.19b (up 11% from 2Q 2022). Net income: CN¥30.6m (down 26% from 2Q 2022). Profit margin: 2.6% (down from 3.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Annonce • Jun 13
Shandong Dawn Polymer Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Shandong Dawn Polymer Co.,Ltd. announced final cash dividend of CNY 0.70 per 10 shares on A shares for the year 2022. Record date is June 15, 2023, Ex-Date is June 16, 2023 and Payment Date is June 16, 2023. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.56 in FY 2021) Full year 2022 results: EPS: CN¥0.36 (down from CN¥0.56 in FY 2021). Revenue: CN¥4.53b (up 6.2% from FY 2021). Net income: CN¥152.3m (down 33% from FY 2021). Profit margin: 3.4% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥24.66, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥21.13, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 113% 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. 5 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Deputy General Manager Zhao Liang was the last director to join the board, commencing their role in 2013. 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 29
Third quarter 2022 earnings released: EPS: CN¥0.072 (vs CN¥0.099 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.072 (down from CN¥0.099 in 3Q 2021). Revenue: CN¥1.05b (up 6.1% from 3Q 2021). Net income: CN¥31.2m (down 20% from 3Q 2021). Profit margin: 3.0% (down from 4.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥29.35, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 128% over the past three years. 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¥26.94, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.15, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 102% over the past three years. Annonce • May 27
Shandong Dawn Polymer Co.,Ltd. Announces Final Profit Distribution Plan for 2021, Payable on June 02, 2022 Shandong Dawn Polymer Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of CNY0.55000000 per 10 shares with Record date: 01 June 2022; Ex-date: 02 June 2022 and Payment date to be 02 June 2022. 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. 5 experienced directors. 7 highly experienced directors. 3 independent directors (7 non-independent directors). Deputy General Manager Zhao Liang was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 24
Shandong Dawn Polymer Approves Cash Dividend for 2021 Shandong Dawn Polymer Co.,Ltd. held its Annual General Meeting of 2021 on 21 April 2022 approved cash dividend/10 shares (tax included): CNY 0.55000000. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥14.75, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 23% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.48 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥990.6m (down 4.0% from 3Q 2020). Net income: CN¥39.2m (down 80% from 3Q 2020). Profit margin: 4.0% (down from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥17.95, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 63% over the past three years. Annonce • May 21
Shandong Dawn Polymer Co.,Ltd. Declares Final Profit Distribution Implementation, Payable on May 26, 2021 Shandong Dawn Polymer Co.,Ltd. declared final profit distribution dividend implementation of CNY 2.00000000 per 10 shares (tax included) for the year 2020, payable on May 26, 2021. Record date is May 25, 2021 and ex-date is May 26, 2021. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥2.11 (vs CN¥0.41 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.42b (up 62% from FY 2019). Net income: CN¥855.1m (up 414% from FY 2019). Profit margin: 19% (up from 6.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥21.38 The company is down 9.0% from its price of CN¥23.56 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period. Annonce • Feb 24
Shandong Dawn Polymer Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 Shandong Dawn Polymer Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Feb 05
New 90-day low: CN¥22.16 The company is down 18% from its price of CN¥27.13 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥23.48, the stock is trading at a trailing P/E ratio of 11.5x, down from the previous P/E ratio of 13.9x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 64%. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 15% share price decline to CN¥22.30, the stock is trading at a trailing P/E ratio of 10.9x, down from the previous P/E ratio of 12.9x. This compares to an average P/E of 38x in the Chemicals industry in China. Total returns to shareholders over the past three years are 82%. Is New 90 Day High Low • Nov 13
New 90-day low: CN¥26.30 The company is down 11% from its price of CN¥29.63 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥819.2m, up 407% from the prior year. Total revenue was CN¥4.05b over the last 12 months, up 58% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥27.86 The company is down 12% from its price of CN¥31.58 on 30 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 Chemicals industry, which is up 3.0% over the same period. Annonce • Oct 20
Shandong Dawn Polymer Co.,Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Shandong Dawn Polymer Co.,Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥27.87 The company is down 5.0% from its price of CN¥29.19 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period. Annonce • Aug 10
Shandong Dawn Polymer Co.,Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Shandong Dawn Polymer Co.,Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 
