Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥7.36, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 105% over the past three years. Annuncio • Jun 30
Beijing Lier High-temperature Materials Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • Jun 29
Dividend increased to CN¥0.035 Dividend of CN¥0.035 is 6.1% higher than last year. Ex-date: 6th July 2026 Payment date: 6th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 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 8.6% 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 Dividend is not well covered by cash flows (99% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.81, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.61, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 201% over the past three years. New Risk • Apr 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% 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 Dividend is not well covered by cash flows (99% cash payout ratio). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥8.66, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 159% over the past three years. Reported Earnings • Apr 10
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.34 (up from CN¥0.27 in FY 2024). Revenue: CN¥6.97b (up 10% from FY 2024). Net income: CN¥401.0m (up 26% from FY 2024). Profit margin: 5.8% (up from 5.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 09
Beijing Lier High-temperature Materials Co.,Ltd., Annual General Meeting, May 11, 2026 Beijing Lier High-temperature Materials Co.,Ltd., Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: Meeting Room of Luoyang Lier Functional Materials Co., Ltd., Luoyang, Henan China Annuncio • Mar 31
Beijing Lier High-temperature Materials Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Annuncio • Jan 30
Beijing Lier High-temperature Materials Co.,Ltd. announced that it expects to receive CNY 1.0344456 billion in funding Beijing Lier High-temperature Materials Co.,Ltd. announced a private placement of not more than 357,147,251 A shares at a price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 1,034,445,600 on January 29, 2026. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 14th meeting of the company’s 6th directorate of the company. The transaction is subject to the approval of the company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Annuncio • Dec 31
Beijing Lier High-temperature Materials Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 16
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.08 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.08 in 3Q 2024). Revenue: CN¥1.99b (up 9.2% from 3Q 2024). Net income: CN¥130.2m (up 34% from 3Q 2024). Profit margin: 6.5% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 30
Beijing Lier High-temperature Materials Co.,Ltd. to Report Q3, 2025 Results on Oct 16, 2025 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report Q3, 2025 results on Oct 16, 2025 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥10.17, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 172% over the past three years. New Risk • Sep 15
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.072 (vs CN¥0.11 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.072 (down from CN¥0.11 in 2Q 2024). Revenue: CN¥1.79b (up 6.7% from 2Q 2024). Net income: CN¥91.2m (down 30% from 2Q 2024). Profit margin: 5.1% (down from 7.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.71, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 93% over the past three years. Annuncio • Jul 02
Beijing Lier High-temperature Materials Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Board Change • Jun 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Lei Liu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 30
Beijing Lier High-Temperature Materials Co.,Ltd. Approves Cash Dividend for 2024 Beijing Lier High-temperature Materials Co.,Ltd. at its AGM held on 26 May 2025, approved a cash dividend of CNY 0.33000000 per 10 shares (tax included) for 2024. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.08, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 111% over the past three years. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.07 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.07 in 1Q 2024). Revenue: CN¥1.67b (up 12% from 1Q 2024). Net income: CN¥126.5m (up 54% from 1Q 2024). Profit margin: 7.6% (up from 5.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 29
Beijing Lier High-temperature Materials Co.,Ltd., Annual General Meeting, May 26, 2025 Beijing Lier High-temperature Materials Co.,Ltd., Annual General Meeting, May 26, 2025, at 15:00 China Standard Time. Annuncio • Mar 31
Beijing Lier High-temperature Materials Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 31
Beijing Lier High-temperature Materials Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.75, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 1.2% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.089 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.089 in 3Q 2023). Revenue: CN¥1.82b (up 18% from 3Q 2023). Net income: CN¥96.9m (down 8.7% from 3Q 2023). Profit margin: 5.3% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Annuncio • Sep 30
Beijing Lier High-temperature Materials Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Beijing Lier High-temperature 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 26% After last week's 26% share price gain to CN¥3.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 16% over the past three years. Board Change • Sep 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. 8 experienced directors. 4 highly experienced directors. CFO & Non Independent Director Guo Xin 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 • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.095 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.095 in 2Q 2023). Revenue: CN¥1.67b (up 28% from 2Q 2023). Net income: CN¥130.5m (up 15% from 2Q 2023). Profit margin: 7.8% (down from 8.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annuncio • Jul 24
Beijing Lier High-Temperature Materials Co.,Ltd. Approves Board Elections Beijing Lier High-temperature Materials Co.,Ltd. at its EGM held on July 22, 2024 approved election of Ren Lin as director, Yuan Lin and Song Fei as independent directors and Zhou Shengqiang and Zhao Xianhua as supervisors. Annuncio • Jun 29
Beijing Lier High-temperature Materials Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 27
Dividend increased to CN¥0.063 Dividend of CN¥0.063 is 85% higher than last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (19% 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 9.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 25
Beijing Lier High-temperature Materials Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Beijing Lier High-temperature Materials Co.,Ltd. announced final cash dividend of CNY 0.63 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024. Price Target Changed • May 04
Price target decreased by 11% to CN¥4.85 Down from CN¥5.42, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥3.66. Stock is up 0.8% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.33 last year. Annuncio • May 01
Beijing Lier High-temperature Materials Co.,Ltd., Annual General Meeting, May 21, 2024 Beijing Lier High-temperature Materials Co.,Ltd., Annual General Meeting, May 21, 2024, at 15:00 China Standard Time. Location: Meeting Room of Luoyang Lier Functional Materials Co., Ltd., Luoyang, Henan China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.066 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.066 in 1Q 2023). Revenue: CN¥1.49b (up 21% from 1Q 2023). Net income: CN¥82.4m (up 5.5% from 1Q 2023). Profit margin: 5.5% (down from 6.3% 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 15% 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. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.15, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 31% over the past three years. New Risk • Apr 12
New major risk - Revenue and earnings growth Earnings have declined by 5.3% 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 5.3% 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. Annuncio • Mar 30
Beijing Lier High-temperature Materials Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥2.84, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 29% over the past three years. Annuncio • Dec 30
Beijing Lier High-temperature Materials Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.089 (vs CN¥0.055 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.089 (up from CN¥0.055 in 3Q 2022). Revenue: CN¥1.55b (up 26% from 3Q 2022). Net income: CN¥106.1m (up 62% from 3Q 2022). Profit margin: 6.9% (up from 5.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. 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. New Risk • Aug 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 (4.7% net profit margin). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.095 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.095 (down from CN¥0.13 in 2Q 2022). Revenue: CN¥1.31b (down 3.0% from 2Q 2022). Net income: CN¥113.2m (down 26% from 2Q 2022). Profit margin: 8.7% (down from 11% in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. 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 12% per year, which means it has not declined as severely as earnings. Annuncio • Jul 01
Beijing Lier High-temperature Materials Co.,Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Annuncio • May 31
Beijing Lier High-temperature Materials Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 06 June 2023 Beijing Lier High-temperature Materials Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.34000000 for the year 2022, payable on 06 June 2023. Record date is 05 June 2023. Ex-date is 06 June 2023. Major Estimate Revision • Mar 30
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.31b to CN¥5.31b. EPS estimate fell from CN¥0.435 to CN¥0.265 per share. Net income forecast to grow 24% next year vs 46% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥5.60 to CN¥4.52. Share price fell 6.4% to CN¥3.50 over the past week. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CFO & Non Independent Director Guo Xin was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.055 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.055 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥1.22b (down 6.2% from 3Q 2021). Net income: CN¥65.6m (down 54% from 3Q 2021). Profit margin: 5.4% (down from 11% in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.11 in 2Q 2021). Revenue: CN¥1.35b (up 6.0% from 2Q 2021). Net income: CN¥152.4m (up 18% from 2Q 2021). Profit margin: 11% (up from 10% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.059 (down from CN¥0.096 in 1Q 2021). Revenue: CN¥1.16b (down 5.2% from 1Q 2021). Net income: CN¥70.1m (down 37% from 1Q 2021). Profit margin: 6.1% (down from 9.2% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 29%, compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. 3 highly experienced directors. Suprvisor Chen Dongming is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.12 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥1.31b (up 16% from 3Q 2020). Net income: CN¥142.7m (flat on 3Q 2020). Profit margin: 11% (down from 13% 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 14% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥4.82, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥4.95, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 34% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.12 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.27b (up 21% from 2Q 2020). Net income: CN¥128.9m (down 3.4% from 2Q 2020). Profit margin: 10% (down from 13% 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 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS CN¥0.38 (vs CN¥0.35 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥4.31b (up 15% from FY 2019). Net income: CN¥453.3m (up 9.0% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 08
Beijing Lier High-temperature Materials Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 21, 2021 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 21, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥3.99 The company is down 22% from its price of CN¥5.09 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 Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.53 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥4.05 The company is down 32% from its price of CN¥5.98 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.41 per share. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥4.66 The company is down 22% from its price of CN¥5.98 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.69 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥479.3m, up 19% from the prior year. Total revenue was CN¥4.39b over the last 12 months, up 28% from the prior year. Annuncio • Aug 12
Beijing Lier High-temperature Materials Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Beijing Lier High-temperature Materials Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020