Reported Earnings • May 01
First quarter 2026 earnings released: CN¥0.013 loss per share (vs CN¥0.018 loss in 1Q 2025) First quarter 2026 results: CN¥0.013 loss per share (improved from CN¥0.018 loss in 1Q 2025). Revenue: CN¥734.8m (down 11% from 1Q 2025). Net loss: CN¥33.7m (loss narrowed 6.2% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 28
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 9.9% 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 (9.9% average weekly change). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Annuncio • Mar 30
Sichuan Hongda Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Sichuan Hongda Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 24
Full year 2025 earnings released: CN¥0.032 loss per share (vs CN¥0.018 profit in FY 2024) Full year 2025 results: CN¥0.032 loss per share (down from CN¥0.018 profit in FY 2024). Revenue: CN¥3.79b (up 11% from FY 2024). Net loss: CN¥74.3m (down 306% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Annuncio • Mar 23
Sichuan Hongda Co.,Ltd, Annual General Meeting, Apr 14, 2026 Sichuan Hongda Co.,Ltd, Annual General Meeting, Apr 14, 2026, at 14:00 China Standard Time. Location: 2F, Hongda Jinqiao Grand Hotel, Shifang, Sichuan China New Risk • Feb 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 7.5% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Annuncio • Dec 26
Sichuan Hongda Co.,Ltd to Report Fiscal Year 2025 Results on Apr 01, 2026 Sichuan Hongda Co.,Ltd announced that they will report fiscal year 2025 results on Apr 01, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.011 (vs CN¥0.018 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.011 (up from CN¥0.018 loss in 3Q 2024). Revenue: CN¥1.01b (up 54% from 3Q 2024). Net income: CN¥28.3m (up CN¥65.3m from 3Q 2024). Profit margin: 2.8% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Sichuan Hongda Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Sichuan Hongda Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Sep 02
Second quarter 2025 earnings released: CN¥0.019 loss per share (vs CN¥0.031 profit in 2Q 2024) Second quarter 2025 results: CN¥0.019 loss per share (down from CN¥0.031 profit in 2Q 2024). Revenue: CN¥989.4m (down 5.6% from 2Q 2024). Net loss: CN¥39.1m (down 161% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. New Risk • Jul 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (30% increase in shares outstanding). Annuncio • Jun 30
Sichuan Hongda Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Sichuan Hongda Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 05
First quarter 2025 earnings released: CN¥0.018 loss per share (vs CN¥0.003 loss in 1Q 2024) First quarter 2025 results: CN¥0.018 loss per share (further deteriorated from CN¥0.003 loss in 1Q 2024). Revenue: CN¥821.6m (up 15% from 1Q 2024). Net loss: CN¥35.9m (loss widened CN¥30.5m from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Board Change • Apr 25
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 Jun Li 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 • Mar 30
Full year 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.047 loss in FY 2023) Full year 2024 results: EPS: CN¥0.018 (up from CN¥0.047 loss in FY 2023). Revenue: CN¥3.41b (up 13% from FY 2023). Net income: CN¥36.1m (up CN¥132.0m from FY 2023). Profit margin: 1.1% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Annuncio • Mar 29
Sichuan Hongda Co.,Ltd, Annual General Meeting, Apr 18, 2025 Sichuan Hongda Co.,Ltd, Annual General Meeting, Apr 18, 2025, at 10:00 China Standard Time. Location: 2F, Hongda Jinqiao Grand Hotel, Shifang, Sichuan China Annuncio • Mar 28
Sichuan Hongda Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Sichuan Hongda Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 27
Sichuan Hongda Co.,Ltd to Report Fiscal Year 2024 Results on Mar 29, 2025 Sichuan Hongda Co.,Ltd announced that they will report fiscal year 2024 results on Mar 29, 2025 Annuncio • Nov 01
Shudao Investment Group Co.,Ltd. made an offer to acquire 68.69% stake in Sichuan Hongda Co.,Ltd (SHSE:600331) for CNY 6.4 billion. Shudao Investment Group Co.,Ltd. made an offer to acquire 68.69% stake in Sichuan Hongda Co.,Ltd (SHSE:600331) for CNY 6.4 billion on October 9, 2024. As per the transaction, Shudao Investment Group Co.,Ltd. will acquire 1.39 billion shares at CNY 4.55 per share.
The transaction is subject to approval of offer by acquirer shareholders. The transaction is expected to close on December 3, 2024. AVIC Securities Co., Ltd. acted as financial advisor and Zhong Lun Law Firm acted as legal advisor to Shudao Investment Group Co.,Ltd. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.018 loss per share (vs CN¥0.001 loss in 3Q 2023) Third quarter 2024 results: CN¥0.018 loss per share (further deteriorated from CN¥0.001 loss in 3Q 2023). Revenue: CN¥657.4m (down 17% from 3Q 2023). Net loss: CN¥37.0m (loss widened CN¥34.6m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. New Risk • Sep 30
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 6.9% 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: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Annuncio • Sep 30
Sichuan Hongda Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Sichuan Hongda Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.037 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.037 loss in 2Q 2023). Revenue: CN¥1.05b (up 70% from 2Q 2023). Net income: CN¥63.8m (up CN¥139.4m from 2Q 2023). Profit margin: 6.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 28
Sichuan Hongda Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Sichuan Hongda Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.005 profit in 1Q 2023) First quarter 2024 results: CN¥0.003 loss per share (down from CN¥0.005 profit in 1Q 2023). Revenue: CN¥714.2m (down 15% from 1Q 2023). Net loss: CN¥5.47m (down 161% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Annuncio • May 01
Sichuan Hongda Co.,Ltd, Annual General Meeting, May 21, 2024 Sichuan Hongda Co.,Ltd, Annual General Meeting, May 21, 2024, at 10:00 China Standard Time. Location: 2F, Hongda Jinqiao Grand Hotel, Shifang, Sichuan China Annuncio • Mar 30
Sichuan Hongda Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Sichuan Hongda Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Annuncio • Dec 29
Sichuan Hongda Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Sichuan Hongda Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Oct 30
Third quarter 2023 earnings released: CN¥0.001 loss per share (vs CN¥0.009 loss in 3Q 2022) Third quarter 2023 results: CN¥0.001 loss per share (improved from CN¥0.009 loss in 3Q 2022). Revenue: CN¥787.5m (up 89% from 3Q 2022). Net loss: CN¥2.46m (loss narrowed 87% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Oct 25
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 6.2% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥4.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.037 loss per share (vs CN¥0.04 profit in 2Q 2022) Second quarter 2023 results: CN¥0.037 loss per share (down from CN¥0.04 profit in 2Q 2022). Revenue: CN¥617.4m (down 28% from 2Q 2022). Net loss: CN¥75.6m (down 192% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.03 (down from CN¥0.15 in FY 2021). Revenue: CN¥2.94b (up 1.1% from FY 2021). Net income: CN¥60.2m (down 80% from FY 2021). Profit margin: 2.0% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥3.43, the stock trades at a trailing P/E ratio of 64.5x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total returns to shareholders of 37% over the past three years. Board Change • Nov 16
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. 5 non-independent directors. Independent Director Yaguang Zheng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.009 loss per share (vs CN¥0.035 profit in 3Q 2021) Third quarter 2022 results: CN¥0.009 loss per share (down from CN¥0.035 profit in 3Q 2021). Revenue: CN¥416.4m (down 43% from 3Q 2021). Net loss: CN¥18.8m (down 127% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.092 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.092 in 2Q 2021). Revenue: CN¥852.3m (up 11% from 2Q 2021). Net income: CN¥82.0m (down 56% from 2Q 2021). Profit margin: 9.6% (down from 24% in 2Q 2021). 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 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.61, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 10% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.018 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.018 in 1Q 2021). Revenue: CN¥746.8m (up 22% from 1Q 2021). Net income: CN¥32.6m (down 10% from 1Q 2021). Profit margin: 4.4% (down from 5.9% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 6 non-independent directors. Independent Director Yaguang Zheng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.035 (vs CN¥0.11 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥735.0m (up 22% from 3Q 2020). Net income: CN¥70.5m (up CN¥298.3m from 3Q 2020). Profit margin: 9.6% (up from net loss in 3Q 2020). 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 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.029 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥766.4m (up 37% from 2Q 2020). Net income: CN¥186.7m (up CN¥245.3m from 2Q 2020). Profit margin: 24% (up from net loss in 2Q 2020). 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 20% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Full year 2020 earnings released: CN¥1.11 loss per share (vs CN¥0.042 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥2.28b (down 10% from FY 2019). Net loss: CN¥2.25b (down CN¥2.33b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 21% per year. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥2.08 The company is down 5.0% from its price of CN¥2.19 on 29 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 Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 21
New 90-day high: CN¥2.73 The company is up 3.0% from its price of CN¥2.65 on 21 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 4.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥290.9m, with losses narrowing by 89% from the prior year. Total revenue was CN¥2.32b over the last 12 months, up 131% from the prior year. Annuncio • Oct 30
Sichuan Hongda Co.,Ltd to Report Q3, 2020 Results on Oct 31, 2020 Sichuan Hongda Co.,Ltd announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 25
New 90-day low: CN¥2.25 The company is down 1.0% from its price of CN¥2.27 on 27 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 3.0% over the same period. Annuncio • Jul 18
Sichuan Hongda Co.,Ltd to Report First Half, 2020 Results on Aug 29, 2020 Sichuan Hongda Co.,Ltd announced that they will report first half, 2020 results on Aug 29, 2020