New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Annonce • Jun 30
Grinm Advanced Materials Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 New Risk • May 11
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 Risks Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2025). Revenue: CN¥2.96b (up 61% from 1Q 2025). Net income: CN¥88.3m (up 31% from 1Q 2025). Profit margin: 3.0% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 25
Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026 Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.95, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 94x in the Semiconductor industry in China. Total returns to shareholders of 89% over the past three years. Annonce • Mar 30
Grinm Advanced Materials Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.97, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 100x in the Semiconductor industry in China. Total returns to shareholders of 91% over the past three years. Annonce • Dec 26
Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.087 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.087 in 3Q 2024). Revenue: CN¥2.67b (up 20% from 3Q 2024). Net income: CN¥115.2m (up 56% from 3Q 2024). Profit margin: 4.3% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 26% growth forecast for the Semiconductor industry in China. 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 17% per year, which means it is well ahead of earnings. Annonce • Sep 30
Grinm Advanced Materials Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 08
New major risk - Revenue and earnings growth Earnings have declined by 0.6% 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 0.6% per year over the past 5 years. 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. Annonce • Jun 30
Grinm Advanced Materials Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Annonce • Apr 30
Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 29, 2025 Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.27 in FY 2023) Full year 2024 results: EPS: CN¥0.17 (down from CN¥0.27 in FY 2023). Revenue: CN¥9.15b (down 16% from FY 2023). Net income: CN¥147.7m (down 35% from FY 2023). Profit margin: 1.6% (down from 2.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥17.55, the stock trades at a trailing P/E ratio of 73.8x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past three years. New Risk • Apr 07
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 7.9% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Annonce • Mar 28
Grinm Advanced Materials Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.48, the stock trades at a trailing P/E ratio of 73.5x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 28% over the past three years. New Risk • Jan 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Annonce • Dec 27
Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.94, the stock trades at a trailing P/E ratio of 79.6x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past three years. New Risk • Nov 26
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 11% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.29, the stock trades at a trailing P/E ratio of 55.9x. Average forward P/E is 38x in the Semiconductor industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥2.22b (down 17% from 3Q 2023). Net income: CN¥73.7m (down 15% from 3Q 2023). Profit margin: 3.3% (in line with 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • Sep 30
Grinm Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥10.88, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 15% over the past three years. New Risk • Sep 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.016 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.032 (up from CN¥0.016 in 2Q 2023). Revenue: CN¥2.28b (down 13% from 2Q 2023). Net income: CN¥40.4m (up 187% from 2Q 2023). Profit margin: 1.8% (up from 0.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Annonce • Jun 28
Grinm Advanced Materials Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Board Change • Jun 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. Chairman Hai Yang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.046 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.046 in 1Q 2023). Revenue: CN¥2.26b (down 25% from 1Q 2023). Net income: CN¥455.4k (down 99% from 1Q 2023). Profit margin: 0% (down from 1.3% in 1Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.32 in FY 2022) Full year 2023 results: EPS: CN¥0.27 (down from CN¥0.32 in FY 2022). Revenue: CN¥10.8b (down 29% from FY 2022). Net income: CN¥226.5m (down 16% from FY 2022). Profit margin: 2.1% (up from 1.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Annonce • Apr 13
Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 13, 2024 Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 13, 2024, at 14:00 China Standard Time. Annonce • Mar 29
Grinm Advanced Materials Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Feb 28
Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces an Equity Buyback for CNY 60 million worth of its shares. Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.53 per share. The shares repurchased are intended to be used to maintain the company's value and shareholders' rights or to be used for equity incentives and employee stock ownership plans at appropriate times in the future. The funds for the repurchases are a part of the company’s over-raised funds. The program will be valid for a period of 3 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.97, the stock trades at a trailing P/E ratio of 50.7x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years. Annonce • Dec 30
Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 New Risk • Oct 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.092 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.092 in 3Q 2022). Revenue: CN¥2.67b (down 38% from 3Q 2022). Net income: CN¥86.8m (up 22% from 3Q 2022). Profit margin: 3.3% (up from 1.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Annonce • Sep 30
Grinm Advanced Materials Co., Ltd. to Report Q3, 2023 Results on Oct 19, 2023 Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2023 results on Oct 19, 2023 New Risk • Aug 26
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: 1.0% Last year net profit margin: 1.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.0% net profit margin). Annonce • Jun 28
Grinm Advanced Materials Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.12 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.12 in 1Q 2022). Revenue: CN¥3.02b (down 23% from 1Q 2022). Net income: CN¥38.8m (down 63% from 1Q 2022). Profit margin: 1.3% (down from 2.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.094 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.092. Revenue: CN¥4.33b (down 6.8% from 3Q 2021). Net income: CN¥70.9m (up 1.3% from 3Q 2021). Profit margin: 1.6% (up from 1.5% in 3Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.099 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.099 in 2Q 2021). Revenue: CN¥3.50b (down 12% from 2Q 2021). Net income: CN¥85.2m (up 5.9% from 2Q 2021). Profit margin: 2.4% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. 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 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥15.12, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 56x in the Semiconductor industry in China. Total returns to shareholders of 48% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.07 in 1Q 2021). Revenue: CN¥3.91b (up 7.3% from 1Q 2021). Net income: CN¥104.1m (up 69% from 1Q 2021). Profit margin: 2.7% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.30 (vs CN¥0.20 in FY 2020) Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.20 in FY 2020). Revenue: CN¥16.1b (up 24% from FY 2020). Net income: CN¥238.8m (up 40% from FY 2020). Profit margin: 1.5% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 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. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.74, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 61x in the Semiconductor industry in China. Total returns to shareholders of 62% over the past three years. Board Change • Mar 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. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.098 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¥4.64b (up 28% from 3Q 2020). Net income: CN¥70.0m (down 16% from 3Q 2020). Profit margin: 1.5% (down from 2.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.072 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥3.98b (up 39% from 2Q 2020). Net income: CN¥80.5m (up 35% from 2Q 2020). Profit margin: 2.0% (down from 2.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.13 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥13.0b (up 24% from FY 2019). Net income: CN¥170.3m (up 61% from FY 2019). Profit margin: 1.3% (up from 1.0% 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 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥12.58 The company is down 9.0% from its price of CN¥13.76 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥13.07 The company is down 1.0% from its price of CN¥13.23 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 15% over the same period. Annonce • Nov 20
GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in Grinm Advanced Materials Co., Ltd. (SHSE:600206) from Beijing GRINM RS Semiconductor Technology Co., Ltd. GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in Grinm Advanced Materials Co., Ltd. (SHSE:600206) from Beijing GRINM RS Semiconductor Technology Co., Ltd. on November 19, 2020.
As per terms, GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. and GRITEK Employee Stock Ownership Association will acquire 25.6%, 3.14% , 23.51% and 5% stake respectively. Upon completion, Beijing GRINM RS Semiconductor Technology Co., Ltd. will hold 42.75% stake in Grinm Advanced Materials Co., Ltd. Is New 90 Day High Low • Nov 17
New 90-day high: CN¥15.60 The company is up 8.0% from its price of CN¥14.43 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 7.0% over the same period. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥180.2m, up 109% from the prior year. Total revenue was CN¥12.0b over the last 12 months, up 37% from the prior year. Annonce • Oct 16
Grinm Advanced Materials Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: CN¥13.35 The company is down 3.0% from its price of CN¥13.81 on 24 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 Semiconductor industry, which is up 5.0% over the same period. Annonce • Jul 09
Grinm Advanced Materials Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
