Buy Or Sell Opportunity • May 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to CN¥14.04. The fair value is estimated to be CN¥11.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Board Change • May 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Head of the Securities Investment Department, Board Secretary & Director Zhuanyuan Li is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 25
Wuxi Honghui New Materials Technology Co., Ltd., Annual General Meeting, May 18, 2026 Wuxi Honghui New Materials Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Annuncio • Mar 31
Wuxi Honghui New Materials Technology Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annuncio • Dec 31
Wuxi Honghui New Materials Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Annuncio • Sep 30
Wuxi Honghui New Materials Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Annuncio • Jul 02
Wuxi Honghui New Materials Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Annuncio • Jun 11
Wuxi Xigang Qixing Technology Partnership Enterprise (Limited Partnership) completed acquisition of 29.99% stake in Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) from Xiang Hongwei Wuxi Xigang Qixing Technology Partnership Enterprise (Limited Partnership) signed a letter of intent to acquire 29.99% stake in Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) from Xiang Hongwei for CNY 870 million on January 20, 2025. As of April 27, 2025 Wuxi Xigang Qixing will acquire the shares at CNY 15.9077 per share. Wuxi Xigang Qixing will acquire the shares at CNY 16.4562 per share. Wuxi Xigang Qixing Technology Partnership Enterprise (Limited Partnership) signed supplementary agreement to acquire 29.99% stake in Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) from Xiang Hongwei on March 31, 2025. The cut-off date of the relevant terms agreed in the framework agreement have been adjusted from March 31, 2025 to April 30, 2025.
Wuxi Xigang Qixing Technology Partnership Enterprise (Limited Partnership) completed acquisition of 29.99% stake in Wuxi Honghui New Materials Technology Co., Ltd. (SZSE:002802) from Xiang Hongwei on June 10, 2025. Annuncio • May 28
Wuxi Honghui New Materials Technology Co., Ltd. Approves Cash Dividend for the Year 2024 Wuxi Honghui New Materials Technology Co., Ltd. at its Annual General Meeting held on 23 May 2025 approved cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2024. Annuncio • Apr 28
Wuxi Honghui New Materials Technology Co., Ltd., Annual General Meeting, May 23, 2025 Wuxi Honghui New Materials Technology Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Annuncio • Mar 31
Wuxi Honghui New Materials Technology Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Annuncio • Dec 31
Wuxi Honghui New Materials Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Annuncio • Oct 29
Wuxi Honghui New Materials Technology Co., Ltd. Proposes Third Quarter Dividend for 2024 Wuxi Honghui New Materials Technology Co., Ltd. announced on 28 October 2024 the profit distribution proposal for the third quarter of 2024 as Cash dividend/10 shares (tax included): CNY 1.20000000. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10. Revenue: CN¥133.3m (up 50% from 3Q 2023). Net income: CN¥17.1m (up 47% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.01, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 3.2% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥9.59, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years. Annuncio • Sep 30
Wuxi Honghui New Materials Technology Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14. Revenue: CN¥140.4m (up 43% from 2Q 2023). Net income: CN¥23.3m (up 47% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Annuncio • Jul 17
Wuxi Honghui New Materials Technology Co., Ltd. Announces Dividend of A Shares for the Year 2023, Payable on 22 July 2024 Wuxi Honghui New Materials Technology Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 2.50000000 of A shares for the year 2023. Record date is 19 July 2024. Ex-date is 22 July 2024. Payment date is 22 July 2024. Annuncio • Jun 29
Wuxi Honghui New Materials Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥9.81, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥11.29, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 35x in the Chemicals industry in China. Total loss to shareholders of 13% over the past three years. Annuncio • Apr 29
Wuxi Honghui New Materials Technology Co., Ltd., Annual General Meeting, May 24, 2024 Wuxi Honghui New Materials Technology Co., Ltd., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.054 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.054 in 1Q 2023). Revenue: CN¥69.5m (down 16% from 1Q 2023). Net income: CN¥3.79m (down 64% from 1Q 2023). Profit margin: 5.4% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year. New Risk • Apr 17
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: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (123% payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.07, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 26x in the Chemicals industry in China. Total loss to shareholders of 46% over the past three years. Buy Or Sell Opportunity • Apr 02
Now 22% overvalued Over the last 90 days, the stock has fallen 21% to CN¥10.01. The fair value is estimated to be CN¥8.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 8.7%. Annuncio • Mar 30
Wuxi Honghui New Materials Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Board Change • Feb 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director & Supervisor Gang Li 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. Annuncio • Dec 29
Wuxi Honghui New Materials Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 19
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 6.3% 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 0.2% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (123% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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 0.2% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (123% payout ratio). Annuncio • Oct 11
Wuxi Honghui New Materials Technology Co., Ltd. Approves Executive Appointments Wuxi Honghui New Materials Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 on 09 October 2023 approved election of Zhou Wen as of non-independent directors. Election of Li Gang and Wang Yang as independent director. Election of Lu Jingjie and Li Gang, supervisor as supervisors. Annuncio • Sep 30
Wuxi Honghui New Materials Technology Co., Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Wuxi Honghui New Materials Technology Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 30, 2023 Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16. Revenue: CN¥98.3m (down 42% from 2Q 2022). Net income: CN¥15.8m (down 40% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.18, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years. Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.62 in FY 2021) Full year 2022 results: EPS: CN¥0.61 (down from CN¥0.62 in FY 2021). Revenue: CN¥516.5m (down 31% from FY 2021). Net income: CN¥84.6m (down 1.6% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Board Change • Mar 20
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Board Secretary Zhuanyuan Li is the most experienced director on the board, commencing their role in 2020. Independent Director Rongxiang Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 03
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director & Board Secretary Zhuanyuan Li is the most experienced director on the board, commencing their role in 2020. Independent Director Rongxiang Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non-Independent Director Zhuanyuan Li is the most experienced director on the board, commencing their role in 2020. 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 27
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2021). Revenue: CN¥112.1m (down 42% from 3Q 2021). Net income: CN¥18.7m (up 6.5% from 3Q 2021). Profit margin: 17% (up from 9.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.17 in 2Q 2021). Revenue: CN¥169.4m (down 17% from 2Q 2021). Net income: CN¥26.6m (up 12% from 2Q 2021). Profit margin: 16% (up from 12% 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 3% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥16.44, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥144.4m (down 14% from 1Q 2021). Net income: CN¥15.9m (down 6.4% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 27% share price decline to CN¥16.41, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 23x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non-Independent Director Zhuanyuan Li is the most experienced director on the board, commencing their role in 2020. 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 • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.82 (down from CN¥0.87 in FY 2020). Revenue: CN¥749.3m (up 38% from FY 2020). Net income: CN¥86.2m (down 6.2% from FY 2020). Profit margin: 12% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.28 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¥194.4m (up 20% from 3Q 2020). Net income: CN¥17.5m (down 42% from 3Q 2020). Profit margin: 9.0% (down from 19% 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 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.21 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¥203.0m (up 77% from 2Q 2020). Net income: CN¥23.7m (up 4.1% from 2Q 2020). Profit margin: 12% (down from 20% 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 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥22.91, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 5.5% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥33.46, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥27.40, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 2.6% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.14 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥168.0m (up 75% from 1Q 2020). Net income: CN¥17.0m (up 16% from 1Q 2020). Profit margin: 10% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.29, the stock is trading at a trailing P/E ratio of 25.3x, up from the previous P/E ratio of 21.9x. This compares to an average P/E of 37x in the Chemicals industry in China. Total returns to shareholders over the past three years are 1.2%. Is New 90 Day High Low • Feb 06
New 90-day low: CN¥18.97 The company is down 35% from its price of CN¥29.05 on 06 November 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥24.29 The company is down 11% from its price of CN¥27.38 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 Chemicals industry, which is up 9.0% 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¥94.5m, up 19% from the prior year. Total revenue was CN¥509.9m over the last 12 months, down 3.9% from the prior year. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 19% share price gain to CN¥31.77, the stock is trading at a trailing P/E ratio of 40.7x, up from the previous P/E ratio of 34.2x. This compares to an average P/E of 40x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 11%. Is New 90 Day High Low • Oct 10
New 90-day high: CN¥28.88 The company is up 21% from its price of CN¥23.77 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: CN¥28.65 The company is up 25% from its price of CN¥22.99 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period.