Ningxia Building Materials GroupLtd（600449）株式概要寧夏建材集団有限公司は、中国でセメント、セメントクリンカー、コンクリート、骨材を製造・販売しています。 詳細600449 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績1/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より53.8%で取引されている リスク分析過去5年間で収益は年間35.9%減少しました。 不安定な配当実績 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る600449 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW468,992 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA468,992 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥13.2123.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture011b2016201920222025202620282031Revenue CN¥5.5bEarnings CN¥214.2mAdvancedSet Fair ValueView all narrativesNingxia Building Materials Group Co.,Ltd 競合他社Guangdong Tapai GroupSymbol: SZSE:002233Market cap: CN¥8.3bXinjiang Qingsong Building Materials and Chemicals GroupSymbol: SHSE:600425Market cap: CN¥5.7bNingbo FudaSymbol: SHSE:600724Market cap: CN¥7.3bBBMG Jidong Cement GroupSymbol: SZSE:000401Market cap: CN¥9.3b価格と性能株価の高値、安値、推移の概要Ningxia Building Materials GroupLtd過去の株価現在の株価CN¥13.2152週高値CN¥15.5052週安値CN¥10.60ベータ0.431ヶ月の変化12.91%3ヶ月変化-12.05%1年変化-7.62%3年間の変化-13.26%5年間の変化18.90%IPOからの変化388.39%最新ニュースお知らせ • Aug 12Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces an Equity Buyback for CNY 200 million worth of its shares.Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 19.47 per share. The shares repurchased will be used for protecting the company’s value and shareholders’ interest. The program will be valid for a period of 3 months.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥13.78, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 39x in the Basic Materials industry in China. Total loss to shareholders of 11% over the past three years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 41x in the Basic Materials industry in China. Total loss to shareholders of 15% over the past three years.お知らせ • Jun 30Ningxia Building Materials Group Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026Board Change • Jun 26Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Libang Luo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Jun 01Dividend reduced to CN¥0.16Dividend of CN¥0.16 is 24% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 28% EPS decline seen over the last 5 years.最新情報をもっと見るRecent updatesお知らせ • Aug 12Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces an Equity Buyback for CNY 200 million worth of its shares.Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 19.47 per share. The shares repurchased will be used for protecting the company’s value and shareholders’ interest. The program will be valid for a period of 3 months.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥13.78, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 39x in the Basic Materials industry in China. Total loss to shareholders of 11% over the past three years.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 41x in the Basic Materials industry in China. Total loss to shareholders of 15% over the past three years.お知らせ • Jun 30Ningxia Building Materials Group Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026Board Change • Jun 26Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Libang Luo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Jun 01Dividend reduced to CN¥0.16Dividend of CN¥0.16 is 24% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 28% EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥15.39, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 50x in the Basic Materials industry in China. Total returns to shareholders of 12% over the past three years.お知らせ • Mar 30Ningxia Building Materials Group Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026New Risk • Mar 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% 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: Major Risk Earnings have declined by 35% 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.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.50 in FY 2024)Full year 2025 results: EPS: CN¥0.38 (down from CN¥0.50 in FY 2024). Revenue: CN¥5.17b (down 40% from FY 2024). Net income: CN¥182.1m (down 25% from FY 2024). Profit margin: 3.5% (up from 2.8% in FY 2024). 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 7% per year, which means it has not declined as severely as earnings.お知らせ • Mar 25Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2026Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2026, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia ChinaNew Risk • Feb 22New major risk - Revenue and earnings growthEarnings have declined by 34% 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 34% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Dec 26Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2025 Results on Mar 26, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2025 results on Mar 26, 2026Reported Earnings • Oct 22Third quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.25 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.24 (down from CN¥0.25 in 3Q 2024). Revenue: CN¥1.49b (down 40% from 3Q 2024). Net income: CN¥115.8m (down 2.2% from 3Q 2024). Profit margin: 7.8% (up from 4.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Sep 30Ningxia Building Materials Group Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025Reported Earnings • Sep 01Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.15 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.15 in 2Q 2024). Revenue: CN¥1.68b (down 39% from 2Q 2024). Net income: CN¥114.1m (up 68% from 2Q 2024). Profit margin: 6.8% (up from 2.5% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Jun 30Ningxia Building Materials Group Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025Declared Dividend • May 31Dividend reduced to CN¥0.21Dividend of CN¥0.21 is 16% lower than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 25First quarter 2025 earnings released: CN¥0.02 loss per share (vs CN¥0.03 loss in 1Q 2024)First quarter 2025 results: CN¥0.02 loss per share (improved from CN¥0.03 loss in 1Q 2024). Revenue: CN¥877.8m (down 44% from 1Q 2024). Net loss: CN¥8.41m (loss narrowed 46% from 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Apr 04New minor risk - Earnings qualityThe 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.お知らせ • Mar 28Ningxia Building Materials Group Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025Reported Earnings • Mar 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥0.50 (down from CN¥0.62 in FY 2023). Revenue: CN¥8.65b (down 17% from FY 2023). Net income: CN¥241.4m (down 19% from FY 2023). Profit margin: 2.8% (down from 2.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 29%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Mar 27Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2025Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2025, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia ChinaValuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.93, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Basic Materials industry in China. Total returns to shareholders of 49% over the past three years.分析記事 • Mar 04Not Many Are Piling Into Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Just YetIt's not a stretch to say that Ningxia Building Materials Group Co.,Ltd's ( SHSE:600449 ) price-to-earnings (or "P/E...お知らせ • Dec 27Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2024 Results on Mar 27, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2024 results on Mar 27, 2025分析記事 • Nov 25We Think Ningxia Building Materials GroupLtd (SHSE:600449) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.29 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥2.47b (down 23% from 3Q 2023). Net income: CN¥118.3m (down 16% from 3Q 2023). Profit margin: 4.8% (up from 4.3% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Sep 30Ningxia Building Materials Group Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥12.92, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Basic Materials industry in China. Total returns to shareholders of 26% over the past three years.分析記事 • Sep 27Market Might Still Lack Some Conviction On Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Even After 29% Share Price BoostNingxia Building Materials Group Co.,Ltd ( SHSE:600449 ) shareholders would be excited to see that the share price has...Price Target Changed • Aug 29Price target decreased by 45% to CN¥11.41Down from CN¥20.57, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥9.46. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.62 last year.Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.48 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.48 in 2Q 2023). Revenue: CN¥2.73b (down 13% from 2Q 2023). Net income: CN¥68.0m (down 53% from 2Q 2023). Profit margin: 2.5% (down from 4.6% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.分析記事 • Jul 24Benign Growth For Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Underpins Its Share PriceNingxia Building Materials Group Co.,Ltd's ( SHSE:600449 ) price-to-earnings (or "P/E") ratio of 18.1x might make it...お知らせ • Jun 28Ningxia Building Materials Group Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024分析記事 • May 28Ningxia Building Materials GroupLtd (SHSE:600449) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Apr 30Ningxia Building Materials GroupLtd's (SHSE:600449) Shareholders Have More To Worry About Than Only Soft EarningsDespite Ningxia Building Materials Group Co.,Ltd's ( SHSE:600449 ) most recent earnings report having soft headline...お知らせ • Mar 29Ningxia Building Materials Group Co.,Ltd to Report Q1, 2024 Results on Apr 24, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 24, 2024Reported Earnings • Mar 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.62 (down from CN¥1.11 in FY 2022). Revenue: CN¥10.4b (up 20% from FY 2022). Net income: CN¥297.4m (down 44% from FY 2022). Profit margin: 2.9% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Mar 28Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 23, 2024Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 23, 2024, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia ChinaBuy Or Sell Opportunity • Mar 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to CN¥17.12. The fair value is estimated to be CN¥22.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 200% in the next 2 years.分析記事 • Mar 11Why Investors Shouldn't Be Surprised By Ningxia Building Materials Group Co.,Ltd's (SHSE:600449) 26% Share Price SurgeNingxia Building Materials Group Co.,Ltd ( SHSE:600449 ) shareholders are no doubt pleased to see that the share price...New Risk • Jan 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Profit margins are more than 30% lower than last year (2.3% net profit margin).Valuation Update With 7 Day Price Move • Jan 19Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥14.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.64 per share.Buying Opportunity • Jan 18Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥20.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 200% in the next 2 years.お知らせ • Dec 29Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2023 Results on Mar 28, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2023 results on Mar 28, 2024Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.45 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥3.22b (up 8.1% from 3Q 2022). Net income: CN¥140.1m (down 35% from 3Q 2022). Profit margin: 4.3% (down from 7.2% in 3Q 2022). 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 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Buying Opportunity • Oct 20Now 24% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be CN¥25.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 150% in the next 2 years.New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.0% 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 (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin).お知らせ • Sep 30Ningxia Building Materials Group Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.79 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.48 (down from CN¥0.79 in 2Q 2022). Revenue: CN¥3.12b (up 25% from 2Q 2022). Net income: CN¥145.1m (down 61% from 2Q 2022). Profit margin: 4.6% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 22Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: CN¥1.11 (down from CN¥1.68 in FY 2021). Revenue: CN¥8.66b (up 50% from FY 2021). Net income: CN¥529.0m (down 34% from FY 2021). Profit margin: 6.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 39%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in China are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.41 per share.Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Basic Materials industry in China. Total returns to shareholders of 65% over the past three years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.64 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.45 (down from CN¥0.64 in 3Q 2021). Revenue: CN¥2.98b (up 60% from 3Q 2021). Net income: CN¥214.5m (down 30% from 3Q 2021). Profit margin: 7.2% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.79 (vs CN¥0.80 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.79 (down from CN¥0.80 in 2Q 2021). Revenue: CN¥2.51b (up 47% from 2Q 2021). Net income: CN¥368.8m (down 4.1% from 2Q 2021). Profit margin: 15% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.6% compared to a 17% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 29First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.004 in 1Q 2021). Revenue: CN¥981.4m (up 71% from 1Q 2021). Net income: CN¥14.7m (up CN¥13.0m from 1Q 2021). Profit margin: 1.5% (up from 0.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 4.9%, compared to a 19% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.Board Change • Apr 29Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Mar 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥6.11b to CN¥6.24b. EPS estimate fell from CN¥2.53 to CN¥2.27 per share. Net income forecast to grow 11% next year vs 28% growth forecast for Basic Materials industry in China. Consensus price target of CN¥14.80 unchanged from last update. Share price rose 8.8% to CN¥12.52 over the past week.Reported Earnings • Mar 11Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.68 (down from CN¥2.02 in FY 2020). Revenue: CN¥5.78b (up 13% from FY 2020). Net income: CN¥801.2m (down 17% from FY 2020). Profit margin: 14% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 5.7%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.64 (vs CN¥0.83 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¥1.86b (up 9.6% from 3Q 2020). Net income: CN¥305.6m (down 23% from 3Q 2020). Profit margin: 16% (down from 23% 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 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥13.35, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 89% over the past three years.Reported Earnings • Aug 20Second quarter 2021 earnings released: EPS CN¥0.80 (vs CN¥0.83 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.71b (down 4.8% from 2Q 2020). Net income: CN¥384.5m (down 13% from 2Q 2020). Profit margin: 23% (down from 25% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 24Upcoming dividend of CN¥0.67 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 31 May 2021. Trailing yield: 3.7%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.6%).Reported Earnings • May 03First quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.04 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥575.3m (up 52% from 1Q 2020). Net income: CN¥1.75m (up CN¥18.7m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 22Full year 2020 earnings released: EPS CN¥2.02 (vs CN¥1.61 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.11b (up 6.7% from FY 2019). Net income: CN¥964.9m (up 26% from FY 2019). Profit margin: 19% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 07Full year 2020 earnings released: EPS CN¥2.02 (vs CN¥1.61 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.11b (up 6.7% from FY 2019). Net income: CN¥964.9m (up 26% from FY 2019). Profit margin: 19% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Mar 07Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 14%, compared to a 22% growth forecast for the Basic Materials industry in China.Is New 90 Day High Low • Mar 03New 90-day high: CN¥15.12The company is up 1.0% from its price of CN¥14.92 on 03 December 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 12% over the same period.Is New 90 Day High Low • Jan 25New 90-day low: CN¥12.61The company is down 17% from its price of CN¥15.11 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period.お知らせ • Jan 21Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2020 Results on Mar 19, 2021Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2020 results on Mar 19, 2021Is New 90 Day High Low • Dec 28New 90-day low: CN¥12.84The company is down 12% from its price of CN¥14.54 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥43.76 per share.Is New 90 Day High Low • Dec 11New 90-day low: CN¥14.07The company is down 7.0% from its price of CN¥15.18 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥43.76 per share.Price Target Changed • Nov 12Price target raised to CN¥23.00Up from CN¥20.57, the current price target is an average from 4 analysts. The new target price is 43% above the current share price of CN¥16.06. As of last close, the stock is up 60% over the past year.Is New 90 Day High Low • Nov 03New 90-day low: CN¥14.12The company is down 25% from its price of CN¥18.84 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.13 per share.Reported Earnings • Oct 21Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥980.9m, up 42% from the prior year. Total revenue was CN¥5.03b over the last 12 months, up 7.2% from the prior year.お知らせ • Oct 19Ningxia Building Materials Group Co., Ltd. to Report Q3, 2020 Results on Oct 21, 2020Ningxia Building Materials Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 21, 2020お知らせ • Jul 08Ningxia Building Materials Group Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020Ningxia Building Materials Group Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020株主還元600449CN Basic MaterialsCN 市場7D8.5%-1.9%-1.5%1Y-7.6%9.1%3.9%株主還元を見る業界別リターン: 600449過去 1 年間で9.1 % の収益を上げたCN Basic Materials業界を下回りました。リターン対市場: 600449は、過去 1 年間で3.9 % のリターンを上げたCN市場を下回りました。価格変動Is 600449's price volatile compared to industry and market?600449 volatility600449 Average Weekly Movement9.1%Basic Materials Industry Average Movement6.7%Market Average Movement7.4%10% most volatile stocks in CN Market12.6%10% least volatile stocks in CN Market4.4%安定した株価: 600449 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 600449の 週次ボラティリティ ( 9% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19982,439Minggang Jiangwww.4008874005.com寧夏建築材料集団有限公司は中国国内でセメント、セメントクリンカー、コンクリート、骨材を製造販売している。また、サイマ、双路、青通厦、双路、寧中寧、曹源のブランド名で、普通珪酸塩、珪酸塩セメント、道路珪酸塩セメント、熱セメント、油井セメント、ダムセメントなどを提供している。さらに、同社はデジタル物流事業にも携わっている。同社の製品は主に道路、鉄道、橋梁、その他のインフラ、不動産建設に使用されている。2011年12月に寧夏建材集団有限公司に社名変更。寧夏建材集団有限公司は1998年に設立され、中国銀川市に本社を置く。もっと見るNingxia Building Materials Group Co.,Ltd 基礎のまとめNingxia Building Materials GroupLtd の収益と売上を時価総額と比較するとどうか。600449 基礎統計学時価総額CN¥5.88b収益（TTM）CN¥185.99m売上高(TTM)CN¥4.76b34.0xPER（株価収益率1.3xP/Sレシオ600449 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計600449 損益計算書（TTM）収益CN¥4.76b売上原価CN¥4.07b売上総利益CN¥686.39mその他の費用CN¥500.40m収益CN¥185.99m直近の収益報告Mar 31, 2026次回決算日Aug 26, 2026一株当たり利益（EPS）0.39グロス・マージン14.43%純利益率3.91%有利子負債／自己資本比率0.9%600449 の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.2%現在の配当利回り42%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/24 14:56終値2026/08/24 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ningxia Building Materials Group Co.,Ltd 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Xuan WangChina Stock Investment Research Co. Ltd. (DeepValue.online)Jianping PANCitic Securities Co., Ltd.Haowu ChenEverbright Securities Co. Ltd.4 その他のアナリストを表示
お知らせ • Aug 12Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces an Equity Buyback for CNY 200 million worth of its shares.Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 19.47 per share. The shares repurchased will be used for protecting the company’s value and shareholders’ interest. The program will be valid for a period of 3 months.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥13.78, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 39x in the Basic Materials industry in China. Total loss to shareholders of 11% over the past three years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 41x in the Basic Materials industry in China. Total loss to shareholders of 15% over the past three years.
お知らせ • Jun 30Ningxia Building Materials Group Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026
Board Change • Jun 26Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Libang Luo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jun 01Dividend reduced to CN¥0.16Dividend of CN¥0.16 is 24% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 28% EPS decline seen over the last 5 years.
お知らせ • Aug 12Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces an Equity Buyback for CNY 200 million worth of its shares.Ningxia Building Materials Group Co.,Ltd (SHSE:600449) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 19.47 per share. The shares repurchased will be used for protecting the company’s value and shareholders’ interest. The program will be valid for a period of 3 months.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥13.78, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 39x in the Basic Materials industry in China. Total loss to shareholders of 11% over the past three years.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 41x in the Basic Materials industry in China. Total loss to shareholders of 15% over the past three years.
お知らせ • Jun 30Ningxia Building Materials Group Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026
Board Change • Jun 26Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Libang Luo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jun 01Dividend reduced to CN¥0.16Dividend of CN¥0.16 is 24% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 28% EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥15.39, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 50x in the Basic Materials industry in China. Total returns to shareholders of 12% over the past three years.
お知らせ • Mar 30Ningxia Building Materials Group Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026
New Risk • Mar 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% 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: Major Risk Earnings have declined by 35% 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.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.50 in FY 2024)Full year 2025 results: EPS: CN¥0.38 (down from CN¥0.50 in FY 2024). Revenue: CN¥5.17b (down 40% from FY 2024). Net income: CN¥182.1m (down 25% from FY 2024). Profit margin: 3.5% (up from 2.8% in FY 2024). 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 7% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 25Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2026Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2026, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia China
New Risk • Feb 22New major risk - Revenue and earnings growthEarnings have declined by 34% 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 34% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Dec 26Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2025 Results on Mar 26, 2026Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2025 results on Mar 26, 2026
Reported Earnings • Oct 22Third quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.25 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.24 (down from CN¥0.25 in 3Q 2024). Revenue: CN¥1.49b (down 40% from 3Q 2024). Net income: CN¥115.8m (down 2.2% from 3Q 2024). Profit margin: 7.8% (up from 4.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Ningxia Building Materials Group Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025
Reported Earnings • Sep 01Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.15 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.15 in 2Q 2024). Revenue: CN¥1.68b (down 39% from 2Q 2024). Net income: CN¥114.1m (up 68% from 2Q 2024). Profit margin: 6.8% (up from 2.5% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Jun 30Ningxia Building Materials Group Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025
Declared Dividend • May 31Dividend reduced to CN¥0.21Dividend of CN¥0.21 is 16% lower than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 25First quarter 2025 earnings released: CN¥0.02 loss per share (vs CN¥0.03 loss in 1Q 2024)First quarter 2025 results: CN¥0.02 loss per share (improved from CN¥0.03 loss in 1Q 2024). Revenue: CN¥877.8m (down 44% from 1Q 2024). Net loss: CN¥8.41m (loss narrowed 46% from 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Apr 04New minor risk - Earnings qualityThe 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.
お知らせ • Mar 28Ningxia Building Materials Group Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025
Reported Earnings • Mar 27Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥0.50 (down from CN¥0.62 in FY 2023). Revenue: CN¥8.65b (down 17% from FY 2023). Net income: CN¥241.4m (down 19% from FY 2023). Profit margin: 2.8% (down from 2.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 29%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Mar 27Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2025Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 24, 2025, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia China
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.93, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Basic Materials industry in China. Total returns to shareholders of 49% over the past three years.
分析記事 • Mar 04Not Many Are Piling Into Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Just YetIt's not a stretch to say that Ningxia Building Materials Group Co.,Ltd's ( SHSE:600449 ) price-to-earnings (or "P/E...
お知らせ • Dec 27Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2024 Results on Mar 27, 2025Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2024 results on Mar 27, 2025
分析記事 • Nov 25We Think Ningxia Building Materials GroupLtd (SHSE:600449) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.29 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥2.47b (down 23% from 3Q 2023). Net income: CN¥118.3m (down 16% from 3Q 2023). Profit margin: 4.8% (up from 4.3% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Ningxia Building Materials Group Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥12.92, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Basic Materials industry in China. Total returns to shareholders of 26% over the past three years.
分析記事 • Sep 27Market Might Still Lack Some Conviction On Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Even After 29% Share Price BoostNingxia Building Materials Group Co.,Ltd ( SHSE:600449 ) shareholders would be excited to see that the share price has...
Price Target Changed • Aug 29Price target decreased by 45% to CN¥11.41Down from CN¥20.57, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥9.46. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.62 last year.
Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.48 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.48 in 2Q 2023). Revenue: CN¥2.73b (down 13% from 2Q 2023). Net income: CN¥68.0m (down 53% from 2Q 2023). Profit margin: 2.5% (down from 4.6% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 24Benign Growth For Ningxia Building Materials Group Co.,Ltd (SHSE:600449) Underpins Its Share PriceNingxia Building Materials Group Co.,Ltd's ( SHSE:600449 ) price-to-earnings (or "P/E") ratio of 18.1x might make it...
お知らせ • Jun 28Ningxia Building Materials Group Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024
分析記事 • May 28Ningxia Building Materials GroupLtd (SHSE:600449) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Apr 30Ningxia Building Materials GroupLtd's (SHSE:600449) Shareholders Have More To Worry About Than Only Soft EarningsDespite Ningxia Building Materials Group Co.,Ltd's ( SHSE:600449 ) most recent earnings report having soft headline...
お知らせ • Mar 29Ningxia Building Materials Group Co.,Ltd to Report Q1, 2024 Results on Apr 24, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 24, 2024
Reported Earnings • Mar 29Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.62 (down from CN¥1.11 in FY 2022). Revenue: CN¥10.4b (up 20% from FY 2022). Net income: CN¥297.4m (down 44% from FY 2022). Profit margin: 2.9% (down from 6.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Mar 28Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 23, 2024Ningxia Building Materials Group Co.,Ltd, Annual General Meeting, Apr 23, 2024, at 14:00 China Standard Time. Location: 16F, No. 219, Renmin Square East Street, Jinfeng District, Yinchuan, Ningxia China
Buy Or Sell Opportunity • Mar 12Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to CN¥17.12. The fair value is estimated to be CN¥22.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 200% in the next 2 years.
分析記事 • Mar 11Why Investors Shouldn't Be Surprised By Ningxia Building Materials Group Co.,Ltd's (SHSE:600449) 26% Share Price SurgeNingxia Building Materials Group Co.,Ltd ( SHSE:600449 ) shareholders are no doubt pleased to see that the share price...
New Risk • Jan 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Profit margins are more than 30% lower than last year (2.3% net profit margin).
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥14.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.64 per share.
Buying Opportunity • Jan 18Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥20.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 200% in the next 2 years.
お知らせ • Dec 29Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2023 Results on Mar 28, 2024Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2023 results on Mar 28, 2024
Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.45 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥3.22b (up 8.1% from 3Q 2022). Net income: CN¥140.1m (down 35% from 3Q 2022). Profit margin: 4.3% (down from 7.2% in 3Q 2022). 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 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Buying Opportunity • Oct 20Now 24% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be CN¥25.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 150% in the next 2 years.
New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.0% 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 (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin).
お知らせ • Sep 30Ningxia Building Materials Group Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023Ningxia Building Materials Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.79 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.48 (down from CN¥0.79 in 2Q 2022). Revenue: CN¥3.12b (up 25% from 2Q 2022). Net income: CN¥145.1m (down 61% from 2Q 2022). Profit margin: 4.6% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 22Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: CN¥1.11 (down from CN¥1.68 in FY 2021). Revenue: CN¥8.66b (up 50% from FY 2021). Net income: CN¥529.0m (down 34% from FY 2021). Profit margin: 6.1% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 39%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in China are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.41 per share.
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Basic Materials industry in China. Total returns to shareholders of 65% over the past three years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.64 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.45 (down from CN¥0.64 in 3Q 2021). Revenue: CN¥2.98b (up 60% from 3Q 2021). Net income: CN¥214.5m (down 30% from 3Q 2021). Profit margin: 7.2% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.79 (vs CN¥0.80 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.79 (down from CN¥0.80 in 2Q 2021). Revenue: CN¥2.51b (up 47% from 2Q 2021). Net income: CN¥368.8m (down 4.1% from 2Q 2021). Profit margin: 15% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.6% compared to a 17% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 29First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.004 in 1Q 2021). Revenue: CN¥981.4m (up 71% from 1Q 2021). Net income: CN¥14.7m (up CN¥13.0m from 1Q 2021). Profit margin: 1.5% (up from 0.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 4.9%, compared to a 19% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.
Board Change • Apr 29Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Mar 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥6.11b to CN¥6.24b. EPS estimate fell from CN¥2.53 to CN¥2.27 per share. Net income forecast to grow 11% next year vs 28% growth forecast for Basic Materials industry in China. Consensus price target of CN¥14.80 unchanged from last update. Share price rose 8.8% to CN¥12.52 over the past week.
Reported Earnings • Mar 11Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.68 (down from CN¥2.02 in FY 2020). Revenue: CN¥5.78b (up 13% from FY 2020). Net income: CN¥801.2m (down 17% from FY 2020). Profit margin: 14% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 5.7%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.64 (vs CN¥0.83 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¥1.86b (up 9.6% from 3Q 2020). Net income: CN¥305.6m (down 23% from 3Q 2020). Profit margin: 16% (down from 23% 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 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥13.35, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 89% over the past three years.
Reported Earnings • Aug 20Second quarter 2021 earnings released: EPS CN¥0.80 (vs CN¥0.83 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.71b (down 4.8% from 2Q 2020). Net income: CN¥384.5m (down 13% from 2Q 2020). Profit margin: 23% (down from 25% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 24Upcoming dividend of CN¥0.67 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 31 May 2021. Trailing yield: 3.7%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.6%).
Reported Earnings • May 03First quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.04 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥575.3m (up 52% from 1Q 2020). Net income: CN¥1.75m (up CN¥18.7m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 22Full year 2020 earnings released: EPS CN¥2.02 (vs CN¥1.61 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.11b (up 6.7% from FY 2019). Net income: CN¥964.9m (up 26% from FY 2019). Profit margin: 19% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 07Full year 2020 earnings released: EPS CN¥2.02 (vs CN¥1.61 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.11b (up 6.7% from FY 2019). Net income: CN¥964.9m (up 26% from FY 2019). Profit margin: 19% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Mar 07Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 14%, compared to a 22% growth forecast for the Basic Materials industry in China.
Is New 90 Day High Low • Mar 03New 90-day high: CN¥15.12The company is up 1.0% from its price of CN¥14.92 on 03 December 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 12% over the same period.
Is New 90 Day High Low • Jan 25New 90-day low: CN¥12.61The company is down 17% from its price of CN¥15.11 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period.
お知らせ • Jan 21Ningxia Building Materials Group Co.,Ltd to Report Fiscal Year 2020 Results on Mar 19, 2021Ningxia Building Materials Group Co.,Ltd announced that they will report fiscal year 2020 results on Mar 19, 2021
Is New 90 Day High Low • Dec 28New 90-day low: CN¥12.84The company is down 12% from its price of CN¥14.54 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥43.76 per share.
Is New 90 Day High Low • Dec 11New 90-day low: CN¥14.07The company is down 7.0% from its price of CN¥15.18 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥43.76 per share.
Price Target Changed • Nov 12Price target raised to CN¥23.00Up from CN¥20.57, the current price target is an average from 4 analysts. The new target price is 43% above the current share price of CN¥16.06. As of last close, the stock is up 60% over the past year.
Is New 90 Day High Low • Nov 03New 90-day low: CN¥14.12The company is down 25% from its price of CN¥18.84 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.13 per share.
Reported Earnings • Oct 21Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥980.9m, up 42% from the prior year. Total revenue was CN¥5.03b over the last 12 months, up 7.2% from the prior year.
お知らせ • Oct 19Ningxia Building Materials Group Co., Ltd. to Report Q3, 2020 Results on Oct 21, 2020Ningxia Building Materials Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 21, 2020
お知らせ • Jul 08Ningxia Building Materials Group Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020Ningxia Building Materials Group Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020
