Valuation Update With 7 Day Price Move • 4h
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥25.16, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 53% over the past three years. Annuncio • Jun 30
Ningbo Exciton Technology Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Ningbo Exciton Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 New Risk • Jun 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 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (8.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥36.95, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.96, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 56% over the past three years. Declared Dividend • Jun 06
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 11th June 2026 Payment date: 11th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
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 Guofang Luo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 29
Ningbo Exciton Technology Co., Ltd., Annual General Meeting, May 20, 2026 Ningbo Exciton Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Annuncio • Mar 31
Ningbo Exciton Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ningbo Exciton Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Dec 31
Ningbo Exciton Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Ningbo Exciton Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Annuncio • Sep 30
Ningbo Exciton Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Ningbo Exciton Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Annuncio • Jul 02
Ningbo Exciton Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Ningbo Exciton Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Annuncio • Jun 26
Ningbo Exciton Technology Co., Ltd. Approves Board Appointments, Effective 24 June 2025 Ningbo Exciton Technology Co., Ltd. at its Extraordinary General Meeting held on 24 June 2025, approved election of Zhang Yan, Tang Haijiang, Jiang Lin, Huang Chao and Leng Jiajia as non-independent directors and election of Luo Guofang, Ma Ji and Yan Qun as independent directors. Annuncio • Apr 23
Ningbo Exciton Technology Co., Ltd. Proposes Final Cash Dividend Distribution for 2024 Ningbo Exciton Technology Co., Ltd. announced on 22 April 2025 the profit distribution proposal of CNY 2.00000000 final Cash dividend per ten shares (tax included) for 2024. Annuncio • Apr 22
Ningbo Exciton Technology Co., Ltd., Annual General Meeting, May 13, 2025 Ningbo Exciton Technology Co., Ltd., Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Annuncio • Mar 31
Ningbo Exciton Technology Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Ningbo Exciton Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Annuncio • Dec 31
Ningbo Exciton Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Ningbo Exciton Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 New Risk • Oct 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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. Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥520.2m (down 22% from 3Q 2023). Net income: CN¥44.8m (up 16% from 3Q 2023). Profit margin: 8.6% (up from 5.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Annuncio • Sep 30
Ningbo Exciton Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Ningbo Exciton Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.36, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 5.2% over the past year. New Risk • Sep 27
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 6.7% 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 (6.7% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.081 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.081 in 2Q 2023). Revenue: CN¥580.7m (up 3.3% from 2Q 2023). Net income: CN¥75.4m (up 246% from 2Q 2023). Profit margin: 13% (up from 3.9% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Buy Or Sell Opportunity • Aug 22
Now 21% undervalued Over the last 90 days, the stock has risen 1.3% to CN¥14.69. The fair value is estimated to be CN¥18.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Buy Or Sell Opportunity • Jul 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to CN¥12.74. The fair value is estimated to be CN¥16.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Annuncio • Jun 29
Ningbo Exciton Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Ningbo Exciton Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • May 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 (124% cash payout ratio). Large one-off items impacting financial results. Annuncio • Apr 21
Ningbo Exciton Technology Co., Ltd., Annual General Meeting, May 10, 2024 Ningbo Exciton Technology Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.11 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥538.1m (up 30% from 1Q 2023). Net income: CN¥49.2m (up 75% from 1Q 2023). Profit margin: 9.1% (up from 6.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Buy Or Sell Opportunity • Apr 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to CN¥12.50. The fair value is estimated to be CN¥15.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 30%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Annuncio • Mar 30
Ningbo Exciton Technology Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Ningbo Exciton Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Annuncio • Feb 08
Ningbo Exciton Technology Co., Ltd. (SZSE:300566) announces an Equity Buyback for CNY 60 million worth of its shares. Ningbo Exciton Technology Co., Ltd. (SZSE:300566) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 60 million worth of its shares. The repurchases will made at maximum price of CNY 18 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.75, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.68, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Chemicals industry in China. Annuncio • Dec 29
Ningbo Exciton Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Ningbo Exciton Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.016 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.016 loss in 3Q 2022). Revenue: CN¥666.1m (up 33% from 3Q 2022). Net income: CN¥38.5m (up CN¥42.8m from 3Q 2022). Profit margin: 5.8% (up from net loss in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Annuncio • Sep 30
Ningbo Exciton Technology Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Ningbo Exciton Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.081 (vs CN¥0.003 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.081 (up from CN¥0.003 in 2Q 2022). Revenue: CN¥562.0m (up 9.2% from 2Q 2022). Net income: CN¥21.8m (up CN¥21.1m from 2Q 2022). Profit margin: 3.9% (up from 0.1% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Annuncio • Jul 01
Ningbo Exciton Technology Co., Ltd. to Report First Half, 2023 Results on Aug 23, 2023 Ningbo Exciton Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 23, 2023 Annuncio • Jun 10
Ningbo Exciton Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Ningbo Exciton Technology Co., Ltd. announced final cash dividend of CNY 0.50 per 10 shares on A shares for the year 2022. Record date is June 15, 2023, Ex-Date is June 16, 2023 and Payment Date is June 16, 2023. Annuncio • May 19
Ningbo Exciton Technology Co., Ltd. Approves Final Cash Dividend for the Year 2022 Ningbo Exciton Technology Co., Ltd. at its AGM held on May 16, 2023, approved final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2022. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.14 in 1Q 2022). Revenue: CN¥414.9m (down 20% from 1Q 2022). Net income: CN¥28.2m (down 25% from 1Q 2022). Profit margin: 6.8% (down from 7.3% in 1Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Board Change • Mar 14
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 Qingqing Yu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
