Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥49.46, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.04 per share. Board Change • May 20
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. 5 experienced directors. 4 highly experienced directors. CFO & Non-Independent Director Yuan An was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 23
Sunresin New Materials Co.,Ltd, Annual General Meeting, May 19, 2026 Sunresin New Materials Co.,Ltd, Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Annuncio • Mar 31
Sunresin New Materials Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026 Sunresin New Materials Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026 Annuncio • Dec 31
Sunresin New Materials Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Sunresin New Materials Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Annuncio • Sep 30
Sunresin New Materials Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Sunresin New Materials Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Annuncio • Sep 12
Sunresin New Materials Co.,Ltd Approves Interim Cash Dividend for the Year 2025 Sunresin New Materials Co.,Ltd at its Extraordinary General Meeting held on 10 September 2025, approved interim cash dividend/10 shares (tax included) of CNY 1.80000000 for the year 2025. Annuncio • Aug 21
Sunresin New Materials Co.,Ltd Proposes Interim Cash Dividend for the Year 2025 Sunresin New Materials Co.,Ltd proposed interim cash dividend of CNY 1.8000000 per tens shares (tax included) for the year 2025 at extraordinary general meeting of 2025 to be held on 10 September 2025. Annuncio • Jul 02
Sunresin New Materials Co.,Ltd to Report First Half, 2025 Results on Aug 20, 2025 Sunresin New Materials Co.,Ltd announced that they will report first half, 2025 results on Aug 20, 2025 Annuncio • Apr 25
Sunresin New Materials Co.,Ltd Proposes Final Cash Dividend for the Year 2024 Sunresin New Materials Co.,Ltd announced on 23 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 6.00000000. Annuncio • Apr 23
Sunresin New Materials Co.,Ltd, Annual General Meeting, May 19, 2025 Sunresin New Materials Co.,Ltd, Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Annuncio • Mar 31
Sunresin New Materials Co.,Ltd to Report Q1, 2025 Results on Apr 23, 2025 Sunresin New Materials Co.,Ltd announced that they will report Q1, 2025 results on Apr 23, 2025 Annuncio • Dec 31
Sunresin New Materials Co.,Ltd to Report Fiscal Year 2024 Results on Apr 23, 2025 Sunresin New Materials Co.,Ltd announced that they will report fiscal year 2024 results on Apr 23, 2025 Annuncio • Nov 14
Sunresin New Materials Co.,Ltd Approves Cash Dividend for the Third Quarter of 2024 Sunresin New Materials Co.,Ltd at its EGM held on November 12, 2024 approved cash dividend of CNY 1.19 per 10 shares (tax included) for the third quarter of 2024. Annuncio • Oct 25
Sunresin New Materials Co.,Ltd Announces the Profit Distribution Proposal for the Third Quarter of 2024 Sunresin New Materials Co.,Ltd announced on 24 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 1.19000000. New Risk • Oct 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 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 7.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Annuncio • Sep 30
Sunresin New Materials Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024 Sunresin New Materials Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥49.01, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.35 per share. Annuncio • Jul 18
Sunresin New Materials Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 24 July 2024 Sunresin New Materials Co.,Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 5.68000000 for the year 2023, payable on 24 July 2024. Record date is 23 July 2024. Ex-date is 24 July 2024. Annuncio • Jun 29
Sunresin New Materials Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Sunresin New Materials Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.27 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.34 (up from CN¥0.27 in 1Q 2023). Revenue: CN¥630.9m (up 26% from 1Q 2023). Net income: CN¥169.1m (up 26% from 1Q 2023). Profit margin: 27% (in line with 1Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 37% per year. Annuncio • Mar 30
Sunresin New Materials Co.,Ltd to Report Q1, 2024 Results on Apr 22, 2024 Sunresin New Materials Co.,Ltd announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥50.95, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Chemicals industry in China. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.66 per share. Annuncio • Dec 29
Sunresin New Materials Co.,Ltd to Report Fiscal Year 2023 Results on Apr 22, 2024 Sunresin New Materials Co.,Ltd announced that they will report fiscal year 2023 results on Apr 22, 2024 Annuncio • Dec 01
Sunresin New Materials Co.,Ltd (SZSE:300487) announces an Equity Buyback for CNY 30 million worth of its shares. Sunresin New Materials Co.,Ltd (SZSE:300487) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be repurchased at a price not more than CNY 80 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.34 (up from CN¥0.23 in 3Q 2022). Revenue: CN¥569.2m (up 34% from 3Q 2022). Net income: CN¥172.2m (up 48% from 3Q 2022). Profit margin: 30% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. 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 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.23 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.42 (up from CN¥0.23 in 2Q 2022). Revenue: CN¥506.6m (up 20% from 2Q 2022). Net income: CN¥212.1m (up 81% from 2Q 2022). Profit margin: 42% (up from 28% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 42% per year. Upcoming Dividend • Jun 19
Upcoming dividend of CN¥0.64 per share at 0.7% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (1.9%). Reported Earnings • Mar 14
Full year 2022 earnings released: EPS: CN¥1.63 (vs CN¥0.95 in FY 2021) Full year 2022 results: EPS: CN¥1.63 (up from CN¥0.95 in FY 2021). Revenue: CN¥1.90b (up 59% from FY 2021). Net income: CN¥537.8m (up 73% from FY 2021). Profit margin: 28% (up from 26% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Sui Dang Li 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 25
Third quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.26 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.26 in 3Q 2021). Revenue: CN¥424.5m (up 27% from 3Q 2021). Net income: CN¥116.2m (up 33% from 3Q 2021). Profit margin: 27% (up from 26% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥81.22, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 319% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥80.64 per share. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥421.0m (up 60% from 2Q 2021). Net income: CN¥116.9m (up 86% from 2Q 2021). Profit margin: 28% (up from 24% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 54%, compared to a 42% growth forecast for the industry in China. 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 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.41 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.37 (down from CN¥0.41 in 1Q 2021). Revenue: CN¥331.9m (up 13% from 1Q 2021). Net income: CN¥80.5m (down 7.8% from 1Q 2021). Profit margin: 24% (down from 30% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 35%, compared to a 43% growth forecast for the 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 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Sui Dang Li 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 • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥1.44 (up from CN¥0.97 in FY 2020). Revenue: CN¥1.20b (up 30% from FY 2020). Net income: CN¥311.3m (up 54% from FY 2020). Profit margin: 26% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 30%, compared to a 47% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥98.35, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 297% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.31 per share. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥91.19, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 78% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.86 per share. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥335.3m (up 36% from 3Q 2020). Net income: CN¥87.4m (up 82% from 3Q 2020). Profit margin: 26% (up from 19% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥79.36, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 64% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥130 per share. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥85.19, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 66% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥78.22 per share. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥80.80, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 112% over the past year. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥78.97, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 154% over the past year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 35% share price gain to CN¥70.00, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 162% over the past year. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥47.88, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 77% over the past year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥293.2m (up 126% from 1Q 2020). Net income: CN¥87.3m (up 230% from 1Q 2020). Profit margin: 30% (up from 21% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥40.30 The company is down 13% from its price of CN¥46.40 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥43.11, the stock is trading at a trailing P/E ratio of 47.6x, down from the previous P/E ratio of 56.5x. This compares to an average P/E of 36x in the Chemicals industry in China. Total returns to shareholders over the past year are 15%. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥42.19 The company is down 26% from its price of CN¥57.10 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥185.1m, down 35% from the prior year. Total revenue was CN¥844.1m over the last 12 months, down 21% from the prior year.