Shenma IndustryLtd（600810）株式概要神馬産業株式会社は、中国、ヨーロッパ、アメリカ、アジア、および国際的な化学品および化学繊維事業に従事しています。 詳細600810 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金0/6リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去5年間で収益は年間63.2%減少しました。 すべてのリスクチェックを見る600810 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥6.8641.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-175m14b2016201920222025202620282031Revenue CN¥13.7bEarnings CN¥1.3bAdvancedSet Fair ValueView all narrativesShenma Industry Co.Ltd 競合他社Shenzhen Jdd Tech New MaterialSymbol: SZSE:301538Market cap: CN¥7.3bZhejiang Tiantie Science and TechnologySymbol: SZSE:300587Market cap: CN¥5.9bJiangxi Black Cat Carbon BlackLtdSymbol: SZSE:002068Market cap: CN¥7.5bZhejiang Zhongcheng Packing MaterialSymbol: SZSE:002522Market cap: CN¥6.4b価格と性能株価の高値、安値、推移の概要Shenma IndustryLtd過去の株価現在の株価CN¥6.8652週高値CN¥12.1752週安値CN¥5.66ベータ0.441ヶ月の変化-1.01%3ヶ月変化-12.50%1年変化-19.77%3年間の変化2.54%5年間の変化-45.16%IPOからの変化152.99%最新ニュースお知らせ • Jun 01Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan ChinaReported Earnings • Apr 22Full year 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.13 profit in FY 2024)Full year 2025 results: CN¥0.22 loss per share (down from CN¥0.13 profit in FY 2024). Revenue: CN¥12.6b (down 9.9% from FY 2024). Net loss: CN¥216.6m (down 261% from profit in FY 2024). 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 5% per year, which means it is well ahead of earnings.New Risk • Apr 08New major risk - Revenue and earnings growthEarnings have declined by 41% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin).お知らせ • Mar 30Shenma Industry Co.Ltd to Report Q1, 2026 Results on Apr 30, 2026Shenma Industry Co.Ltd announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Shenma Industry Co.Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Shenma Industry Co.Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026New Risk • Nov 11New 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 7.7% 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: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).最新情報をもっと見るRecent updatesお知らせ • Jun 01Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan ChinaReported Earnings • Apr 22Full year 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.13 profit in FY 2024)Full year 2025 results: CN¥0.22 loss per share (down from CN¥0.13 profit in FY 2024). Revenue: CN¥12.6b (down 9.9% from FY 2024). Net loss: CN¥216.6m (down 261% from profit in FY 2024). 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 5% per year, which means it is well ahead of earnings.New Risk • Apr 08New major risk - Revenue and earnings growthEarnings have declined by 41% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin).お知らせ • Mar 30Shenma Industry Co.Ltd to Report Q1, 2026 Results on Apr 30, 2026Shenma Industry Co.Ltd announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Shenma Industry Co.Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Shenma Industry Co.Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026New Risk • Nov 11New 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 7.7% 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: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).お知らせ • Sep 30Shenma Industry Co.Ltd to Report Q3, 2025 Results on Oct 31, 2025Shenma Industry Co.Ltd announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 188% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 188% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).Major Estimate Revision • Sep 05Consensus EPS estimates fall by 80%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥15.6b to CN¥15.1b. EPS estimate also fell from CN¥0.205 per share to CN¥0.04 per share. Net income forecast to grow 11% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target up from CN¥7.50 to CN¥11.00. Share price rose 6.7% to CN¥10.72 over the past week.Declared Dividend • Jul 11Dividend reduced to CN¥0.05Dividend of CN¥0.05 is 64% lower than last year. Ex-date: 17th July 2025 Payment date: 17th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 30Shenma Industry Co.Ltd to Report First Half, 2025 Results on Aug 30, 2025Shenma Industry Co.Ltd announced that they will report first half, 2025 results on Aug 30, 2025Reported Earnings • May 05First quarter 2025 earnings released: CN¥0.02 loss per share (vs CN¥0.046 profit in 1Q 2024)First quarter 2025 results: CN¥0.02 loss per share (down from CN¥0.046 profit in 1Q 2024). Revenue: CN¥3.24b (down 6.2% from 1Q 2024). Net loss: CN¥17.9m (down 138% from profit in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.お知らせ • Apr 30Shenma Industry Co.Ltd, Annual General Meeting, May 20, 2025Shenma Industry Co.Ltd, Annual General Meeting, May 20, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan ChinaValuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥7.16, the stock trades at a forward P/E ratio of 179x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 23% over the past three years.New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 100% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).お知らせ • Mar 28Shenma Industry Co.Ltd to Report Q1, 2025 Results on Apr 30, 2025Shenma Industry Co.Ltd announced that they will report Q1, 2025 results on Apr 30, 2025Reported Earnings • Mar 20Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.03 (down from CN¥0.12 in FY 2023). Revenue: CN¥14.0b (up 8.1% from FY 2023). Net income: CN¥33.5m (down 73% from FY 2023). Profit margin: 0.2% (down from 1.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.New Risk • Mar 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 1.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin).お知らせ • Dec 27Shenma Industry Co.Ltd to Report Fiscal Year 2024 Results on Mar 20, 2025Shenma Industry Co.Ltd announced that they will report fiscal year 2024 results on Mar 20, 2025お知らせ • Dec 19+ 1 more updateShenma Industry Co.Ltd (SHSE:600810) agreed to acquire 44.55% stake in Henan Shenma Catalytic Technology Co., Ltd. from China Pingmei Shenma Holding Group Co.,Ltd for approximately CNY 330 million.Shenma Industry Co.Ltd (SHSE:600810) agreed to acquire 44.55% stake in Henan Shenma Catalytic Technology Co., Ltd. from China Pingmei Shenma Holding Group Co.,Ltd for approximately CNY 330 million on December 16, 2024. A cash consideration of CNY 328.19 million will be paid by Shenma Industry Co.Ltd. As part of consideration, CNY 328.19 million is paid towards common equity of Henan Shenma Catalytic Technology Co., Ltd. As of June 30, 2024, Henan Shenma Catalytic Technology Co., Ltd. reported total assets of CNY 546.94 million and total common equity of CNY 463.56 million. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.分析記事 • Dec 03Shenma IndustryLtd (SHSE:600810) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...お知らせ • Nov 16Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 300 million worth of its shares.Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 300 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.77 per share. The purpose of the program is to protect the company's value and shareholders' rights. The shares repurchased will be sold 12 months after the disclosure of the repurchase results and the announcement of the share changes, and the sale will be completed within three years after the disclosure of the repurchase results and the announcement of the share changes. If the company fails to complete the sale within the above period, the unsold shares will be cancelled after completing the relevant procedures. The program will be funded from company’s own funds and a special loan provided by the Henan Branch of Industrial and Commercial Bank of China. The program will be valid for not more than 3 months.Major Estimate Revision • Nov 07Consensus EPS estimates fall by 52%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥13.9b to CN¥14.2b. EPS estimate fell from CN¥0.29 to CN¥0.14 per share. Net income forecast to grow 277% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target of CN¥7.50 unchanged from last update. Share price rose 8.0% to CN¥7.59 over the past week.分析記事 • Nov 06We Think That There Are Issues Underlying Shenma IndustryLtd's (SHSE:600810) EarningsShenma Industry Co.Ltd ( SHSE:600810 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...New Risk • Oct 31New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 187% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 187% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.Reported Earnings • Oct 31Third quarter 2024 earnings released: CN¥0.056 loss per share (vs CN¥0.11 profit in 3Q 2023)Third quarter 2024 results: CN¥0.056 loss per share (down from CN¥0.11 profit in 3Q 2023). Revenue: CN¥3.24b (down 14% from 3Q 2023). Net loss: CN¥27.7m (down 126% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.お知らせ • Sep 30Shenma Industry Co.Ltd to Report Q3, 2024 Results on Oct 31, 2024Shenma Industry Co.Ltd announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥7.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years.New Risk • Sep 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Major Estimate Revision • Sep 05Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥14.3b to CN¥13.9b. EPS estimate also fell from CN¥0.42 per share to CN¥0.29 per share. Net income forecast to grow 109% next year vs 46% growth forecast for Chemicals industry in China. Consensus price target down from CN¥9.30 to CN¥7.50. Share price fell 3.6% to CN¥6.11 over the past week.Price Target Changed • Sep 04Price target decreased by 21% to CN¥7.50Down from CN¥9.50, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥6.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.12 last year.分析記事 • Aug 29What Is Shenma Industry Co.Ltd's (SHSE:600810) Share Price Doing?Shenma Industry Co.Ltd ( SHSE:600810 ), might not be a large cap stock, but it saw a decent share price growth of 12...お知らせ • Aug 28Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 200 million worth of its shares.Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.12 per share. The shares repurchased will be used for ESOP or equity incentives, or shares for the Company’s convertible bonds. The program will be valid for not more than 12 months.分析記事 • Jul 19The Market Doesn't Like What It Sees From Shenma Industry Co.Ltd's (SHSE:600810) Revenues YetYou may think that with a price-to-sales (or "P/S") ratio of 0.5x Shenma Industry Co.Ltd ( SHSE:600810 ) is a stock...お知らせ • Jun 28Shenma Industry Co.Ltd to Report First Half, 2024 Results on Aug 31, 2024Shenma Industry Co.Ltd announced that they will report first half, 2024 results on Aug 31, 2024分析記事 • May 24Does Shenma IndustryLtd (SHSE:600810) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...お知らせ • Apr 29Shenma Industry Co.Ltd, Annual General Meeting, May 17, 2024Shenma Industry Co.Ltd, Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan ChinaReported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.02 loss in 1Q 2023)First quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.02 loss in 1Q 2023). Revenue: CN¥3.35b (up 21% from 1Q 2023). Net income: CN¥30.8m (up CN¥51.3m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.お知らせ • Mar 29Shenma Industry Co.Ltd to Report Q1, 2024 Results on Apr 27, 2024Shenma Industry Co.Ltd announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Mar 27Shenma IndustryLtd's (SHSE:600810) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsShenma Industry Co.Ltd's ( SHSE:600810 ) recent weak earnings report didn't cause a big stock movement. However, we...Reported Earnings • Mar 20Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.12 (down from CN¥0.41 in FY 2022). Revenue: CN¥12.9b (down 4.7% from FY 2022). Net income: CN¥123.4m (down 71% from FY 2022). Profit margin: 1.0% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Dec 30Shenma Industry Co.Ltd to Report Fiscal Year 2023 Results on Mar 20, 2024Shenma Industry Co.Ltd announced that they will report fiscal year 2023 results on Mar 20, 2024New Risk • Oct 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 17x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.07% net profit margin).お知らせ • Sep 30Shenma Industry Co.Ltd to Report Q3, 2023 Results on Oct 12, 2023Shenma Industry Co.Ltd announced that they will report Q3, 2023 results on Oct 12, 2023お知らせ • Sep 09Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 100 million worth of its shares.Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.56 per share. The shares repurchased will be used for ESOP or equity incentives, or shares for the Company’s convertible bonds. The program will be valid for not more than 6 months.お知らせ • Jun 28Shenma Industry Co.Ltd to Report First Half, 2023 Results on Aug 26, 2023Shenma Industry Co.Ltd announced that they will report first half, 2023 results on Aug 26, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Xian Shang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 29Third quarter 2022 earnings released: CN¥0.011 loss per share (vs CN¥0.68 profit in 3Q 2021)Third quarter 2022 results: CN¥0.011 loss per share (down from CN¥0.68 profit in 3Q 2021). Revenue: CN¥3.06b (down 16% from 3Q 2021). Net loss: CN¥12.0m (down 102% from profit in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.70 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.70 in 2Q 2021). Revenue: CN¥3.74b (up 14% from 2Q 2021). Net income: CN¥158.9m (down 75% from 2Q 2021). Profit margin: 4.2% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 40% growth forecast for the Chemicals industry in China. 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 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.40 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.35. Revenue: CN¥3.86b (up 29% from 1Q 2021). Net income: CN¥367.6m (up 6.4% from 1Q 2021). Profit margin: 9.5% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 42% growth forecast for the industry in China.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Jun An Wu 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.Reported Earnings • Apr 04Full year 2021 earnings released: EPS: CN¥2.30 (vs CN¥0.58 in FY 2020)Full year 2021 results: EPS: CN¥2.30 (up from CN¥0.58 in FY 2020). Revenue: CN¥13.4b (up 51% from FY 2020). Net income: CN¥2.14b (up 479% from FY 2020). Profit margin: 16% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Buying Opportunity • Mar 02Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥15.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years.Buying Opportunity • Jan 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.1%. The fair value is estimated to be CN¥14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.048 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥3.63b (down 2.6% from 3Q 2020). Net income: CN¥643.7m (up CN¥577.5m from 3Q 2020). Profit margin: 18% (up from 1.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥13.33, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.81 per share.お知らせ • Sep 03Shenma Industrial Co., Ltd. (SHSE:600810) entered into a share transfer agreement to acquire an additional 5% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from Pingdingshan Eastern Investment Co., Ltd. for CNY 0.Shenma Industrial Co., Ltd. (SHSE:600810) entered into a share transfer agreement to acquire an additional 5% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from Pingdingshan Eastern Investment Co., Ltd. for CNY 0 on September 1, 2021. Under the agreement, Shenma Industrial Co., Ltd. will acquire the investment rights corresponding to CNY 60 million registered capital in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. In a related transaction, Shenma Industrial Co., Ltd. also agreed to acquire an additional 10.2% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Group Co., Ltd. for approximately CNY 130 million on September 1, 2021. Following the acquisitions, Shenma Industrial Co., Ltd. will increase its stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from 55.8% to 71%. As of June 30, 2021, Henan Pingmei Shenma Polycarbon Materials Co., Ltd. reported total assets of CNY 2.9 billion and owner's equity of CNY 1.1 billion.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥16.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.77 per share.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.03 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.29b (up 141% from 2Q 2020). Net income: CN¥629.3m (up CN¥597.2m from 2Q 2020). Profit margin: 19% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥13.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.16 per share.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥13.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 3.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.19 per share.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.04 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.00b (up 9.1% from 1Q 2020). Net income: CN¥345.6m (up CN¥322.1m from 1Q 2020). Profit margin: 12% (up from 0.9% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 18New 90-day high: CN¥11.17The company is up 1.0% from its price of CN¥11.01 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥334 per share.Is New 90 Day High Low • Nov 12New 90-day high: CN¥9.46The company is up 9.0% from its price of CN¥8.71 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period.Valuation Update With 7 Day Price Move • Nov 12Market bids up stock over the past weekAfter last week's 23% share price gain to CN¥9.46, the stock is trading at a trailing P/E ratio of 42.6x, up from the previous P/E ratio of 34.6x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 70%.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 17% share price gain to CN¥8.64, the stock is trading at a trailing P/E ratio of 38.9x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 54%.お知らせ • Oct 29Shenma Industrial Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Shenma Industrial Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020お知らせ • Jul 30Shenma Industrial Co., Ltd. (SHSE:600810) completed the acquisition of an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd.Shenma Industrial Co., Ltd. (SHSE:600810) agreed to acquire an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. for nil consideration on December 30, 2019. Post transaction, Shenma Industrial Co., Ltd. will hold 55% stake and China Pingmei Shenma Energy & Chemical Group Co., Ltd. will hold 10.2% stake in Henan Pingmei Shenma Polycarbon Materials. Henan Pingmei Shenma Polycarbon Materials reported total assets of CNY 12.21 million, net assets of CNY 12 million and nil revenues as of December 31, 2018. The transaction is subject to approval from shareholders of Shenma Industrial Co., Ltd. The transaction is approved by the Board of Shenma Industrial Co., Ltd. Shenma Industrial Co., Ltd. (SHSE:600810) completed the acquisition of an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. on March 11, 2020.お知らせ • Jul 18Shenma Industrial Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020Shenma Industrial Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020株主還元600810CN ChemicalsCN 市場7D7.0%6.0%5.7%1Y-19.8%69.1%34.9%株主還元を見る業界別リターン: 600810過去 1 年間で69.1 % の収益を上げたCN Chemicals業界を下回りました。リターン対市場: 600810は、過去 1 年間で34.9 % のリターンを上げたCN市場を下回りました。価格変動Is 600810's price volatile compared to industry and market?600810 volatility600810 Average Weekly Movement7.0%Chemicals Industry Average Movement7.1%Market Average Movement6.7%10% most volatile stocks in CN Market10.6%10% least volatile stocks in CN Market4.4%安定した株価: 600810 、 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: 600810の 週次ボラティリティ ( 7% ) 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19938,310Xiao Wuwww.shenma.com神馬産業株式会社は中国、ヨーロッパ、アメリカ大陸、アジア、および国際的な化学および化学繊維事業に従事している。ナイロン工業用糸とコード織物、ナイロン塩とスライスを提供。また、エアバッグ用ワイヤー、アジピン酸、カプロラクタチン、1,6-ヘキサンジアミン、シクロヘキサノール、シクロヘキサン、硝酸、アラミド繊維、ディップコードファブリック、ナイロン樹脂および変性エンジニアリングプラスチック、化学繊維キャンバス、紙・木製品、ナイロン66製品も提供している。同社は1993年に設立され、中国の屏頂山に本社を置く。神馬実業有限公司は中国平米神馬集団有限公司の子会社である。もっと見るShenma Industry Co.Ltd 基礎のまとめShenma IndustryLtd の収益と売上を時価総額と比較するとどうか。600810 基礎統計学時価総額CN¥7.23b収益（TTM）-CN¥174.63m売上高(TTM)CN¥12.46b0.6xP/Sレシオ-41.4xPER（株価収益率600810 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600810 損益計算書（TTM）収益CN¥12.46b売上原価CN¥11.45b売上総利益CN¥1.01bその他の費用CN¥1.18b収益-CN¥174.63m直近の収益報告Mar 31, 2026次回決算日Jun 24, 2026一株当たり利益（EPS）-0.17グロス・マージン8.08%純利益率-1.40%有利子負債／自己資本比率114.4%600810 の長期的なパフォーマンスは？過去の実績と比較を見る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2026/06/19 21:38終値2026/06/18 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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Shenma Industry 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。3 アナリスト機関Zhe WangCitic Securities Co., Ltd.Wei LiuHaitong International Research LimitedNan XieZhongtai Securities Co. Ltd.
お知らせ • Jun 01Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China
Reported Earnings • Apr 22Full year 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.13 profit in FY 2024)Full year 2025 results: CN¥0.22 loss per share (down from CN¥0.13 profit in FY 2024). Revenue: CN¥12.6b (down 9.9% from FY 2024). Net loss: CN¥216.6m (down 261% from profit in FY 2024). 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 5% per year, which means it is well ahead of earnings.
New Risk • Apr 08New major risk - Revenue and earnings growthEarnings have declined by 41% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin).
お知らせ • Mar 30Shenma Industry Co.Ltd to Report Q1, 2026 Results on Apr 30, 2026Shenma Industry Co.Ltd announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Shenma Industry Co.Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Shenma Industry Co.Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026
New Risk • Nov 11New 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 7.7% 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: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).
お知らせ • Jun 01Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China
Reported Earnings • Apr 22Full year 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.13 profit in FY 2024)Full year 2025 results: CN¥0.22 loss per share (down from CN¥0.13 profit in FY 2024). Revenue: CN¥12.6b (down 9.9% from FY 2024). Net loss: CN¥216.6m (down 261% from profit in FY 2024). 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 5% per year, which means it is well ahead of earnings.
New Risk • Apr 08New major risk - Revenue and earnings growthEarnings have declined by 41% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin).
お知らせ • Mar 30Shenma Industry Co.Ltd to Report Q1, 2026 Results on Apr 30, 2026Shenma Industry Co.Ltd announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Shenma Industry Co.Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Shenma Industry Co.Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026
New Risk • Nov 11New 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 7.7% 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: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin).
お知らせ • Sep 30Shenma Industry Co.Ltd to Report Q3, 2025 Results on Oct 31, 2025Shenma Industry Co.Ltd announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 188% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 188% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).
Major Estimate Revision • Sep 05Consensus EPS estimates fall by 80%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥15.6b to CN¥15.1b. EPS estimate also fell from CN¥0.205 per share to CN¥0.04 per share. Net income forecast to grow 11% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target up from CN¥7.50 to CN¥11.00. Share price rose 6.7% to CN¥10.72 over the past week.
Declared Dividend • Jul 11Dividend reduced to CN¥0.05Dividend of CN¥0.05 is 64% lower than last year. Ex-date: 17th July 2025 Payment date: 17th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 30Shenma Industry Co.Ltd to Report First Half, 2025 Results on Aug 30, 2025Shenma Industry Co.Ltd announced that they will report first half, 2025 results on Aug 30, 2025
Reported Earnings • May 05First quarter 2025 earnings released: CN¥0.02 loss per share (vs CN¥0.046 profit in 1Q 2024)First quarter 2025 results: CN¥0.02 loss per share (down from CN¥0.046 profit in 1Q 2024). Revenue: CN¥3.24b (down 6.2% from 1Q 2024). Net loss: CN¥17.9m (down 138% from profit in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 30Shenma Industry Co.Ltd, Annual General Meeting, May 20, 2025Shenma Industry Co.Ltd, Annual General Meeting, May 20, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥7.16, the stock trades at a forward P/E ratio of 179x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 23% over the past three years.
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 100% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
お知らせ • Mar 28Shenma Industry Co.Ltd to Report Q1, 2025 Results on Apr 30, 2025Shenma Industry Co.Ltd announced that they will report Q1, 2025 results on Apr 30, 2025
Reported Earnings • Mar 20Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.03 (down from CN¥0.12 in FY 2023). Revenue: CN¥14.0b (up 8.1% from FY 2023). Net income: CN¥33.5m (down 73% from FY 2023). Profit margin: 0.2% (down from 1.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.
New Risk • Mar 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 1.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin).
お知らせ • Dec 27Shenma Industry Co.Ltd to Report Fiscal Year 2024 Results on Mar 20, 2025Shenma Industry Co.Ltd announced that they will report fiscal year 2024 results on Mar 20, 2025
お知らせ • Dec 19+ 1 more updateShenma Industry Co.Ltd (SHSE:600810) agreed to acquire 44.55% stake in Henan Shenma Catalytic Technology Co., Ltd. from China Pingmei Shenma Holding Group Co.,Ltd for approximately CNY 330 million.Shenma Industry Co.Ltd (SHSE:600810) agreed to acquire 44.55% stake in Henan Shenma Catalytic Technology Co., Ltd. from China Pingmei Shenma Holding Group Co.,Ltd for approximately CNY 330 million on December 16, 2024. A cash consideration of CNY 328.19 million will be paid by Shenma Industry Co.Ltd. As part of consideration, CNY 328.19 million is paid towards common equity of Henan Shenma Catalytic Technology Co., Ltd. As of June 30, 2024, Henan Shenma Catalytic Technology Co., Ltd. reported total assets of CNY 546.94 million and total common equity of CNY 463.56 million. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.
分析記事 • Dec 03Shenma IndustryLtd (SHSE:600810) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
お知らせ • Nov 16Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 300 million worth of its shares.Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 300 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.77 per share. The purpose of the program is to protect the company's value and shareholders' rights. The shares repurchased will be sold 12 months after the disclosure of the repurchase results and the announcement of the share changes, and the sale will be completed within three years after the disclosure of the repurchase results and the announcement of the share changes. If the company fails to complete the sale within the above period, the unsold shares will be cancelled after completing the relevant procedures. The program will be funded from company’s own funds and a special loan provided by the Henan Branch of Industrial and Commercial Bank of China. The program will be valid for not more than 3 months.
Major Estimate Revision • Nov 07Consensus EPS estimates fall by 52%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥13.9b to CN¥14.2b. EPS estimate fell from CN¥0.29 to CN¥0.14 per share. Net income forecast to grow 277% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target of CN¥7.50 unchanged from last update. Share price rose 8.0% to CN¥7.59 over the past week.
分析記事 • Nov 06We Think That There Are Issues Underlying Shenma IndustryLtd's (SHSE:600810) EarningsShenma Industry Co.Ltd ( SHSE:600810 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
New Risk • Oct 31New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 187% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 187% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Oct 31Third quarter 2024 earnings released: CN¥0.056 loss per share (vs CN¥0.11 profit in 3Q 2023)Third quarter 2024 results: CN¥0.056 loss per share (down from CN¥0.11 profit in 3Q 2023). Revenue: CN¥3.24b (down 14% from 3Q 2023). Net loss: CN¥27.7m (down 126% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 30Shenma Industry Co.Ltd to Report Q3, 2024 Results on Oct 31, 2024Shenma Industry Co.Ltd announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥7.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years.
New Risk • Sep 10New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Major Estimate Revision • Sep 05Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥14.3b to CN¥13.9b. EPS estimate also fell from CN¥0.42 per share to CN¥0.29 per share. Net income forecast to grow 109% next year vs 46% growth forecast for Chemicals industry in China. Consensus price target down from CN¥9.30 to CN¥7.50. Share price fell 3.6% to CN¥6.11 over the past week.
Price Target Changed • Sep 04Price target decreased by 21% to CN¥7.50Down from CN¥9.50, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥6.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.12 last year.
分析記事 • Aug 29What Is Shenma Industry Co.Ltd's (SHSE:600810) Share Price Doing?Shenma Industry Co.Ltd ( SHSE:600810 ), might not be a large cap stock, but it saw a decent share price growth of 12...
お知らせ • Aug 28Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 200 million worth of its shares.Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.12 per share. The shares repurchased will be used for ESOP or equity incentives, or shares for the Company’s convertible bonds. The program will be valid for not more than 12 months.
分析記事 • Jul 19The Market Doesn't Like What It Sees From Shenma Industry Co.Ltd's (SHSE:600810) Revenues YetYou may think that with a price-to-sales (or "P/S") ratio of 0.5x Shenma Industry Co.Ltd ( SHSE:600810 ) is a stock...
お知らせ • Jun 28Shenma Industry Co.Ltd to Report First Half, 2024 Results on Aug 31, 2024Shenma Industry Co.Ltd announced that they will report first half, 2024 results on Aug 31, 2024
分析記事 • May 24Does Shenma IndustryLtd (SHSE:600810) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
お知らせ • Apr 29Shenma Industry Co.Ltd, Annual General Meeting, May 17, 2024Shenma Industry Co.Ltd, Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.02 loss in 1Q 2023)First quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.02 loss in 1Q 2023). Revenue: CN¥3.35b (up 21% from 1Q 2023). Net income: CN¥30.8m (up CN¥51.3m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 29Shenma Industry Co.Ltd to Report Q1, 2024 Results on Apr 27, 2024Shenma Industry Co.Ltd announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Mar 27Shenma IndustryLtd's (SHSE:600810) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsShenma Industry Co.Ltd's ( SHSE:600810 ) recent weak earnings report didn't cause a big stock movement. However, we...
Reported Earnings • Mar 20Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.12 (down from CN¥0.41 in FY 2022). Revenue: CN¥12.9b (down 4.7% from FY 2022). Net income: CN¥123.4m (down 71% from FY 2022). Profit margin: 1.0% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 30Shenma Industry Co.Ltd to Report Fiscal Year 2023 Results on Mar 20, 2024Shenma Industry Co.Ltd announced that they will report fiscal year 2023 results on Mar 20, 2024
New Risk • Oct 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 17x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.07% net profit margin).
お知らせ • Sep 30Shenma Industry Co.Ltd to Report Q3, 2023 Results on Oct 12, 2023Shenma Industry Co.Ltd announced that they will report Q3, 2023 results on Oct 12, 2023
お知らせ • Sep 09Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 100 million worth of its shares.Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.56 per share. The shares repurchased will be used for ESOP or equity incentives, or shares for the Company’s convertible bonds. The program will be valid for not more than 6 months.
お知らせ • Jun 28Shenma Industry Co.Ltd to Report First Half, 2023 Results on Aug 26, 2023Shenma Industry Co.Ltd announced that they will report first half, 2023 results on Aug 26, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Xian Shang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 29Third quarter 2022 earnings released: CN¥0.011 loss per share (vs CN¥0.68 profit in 3Q 2021)Third quarter 2022 results: CN¥0.011 loss per share (down from CN¥0.68 profit in 3Q 2021). Revenue: CN¥3.06b (down 16% from 3Q 2021). Net loss: CN¥12.0m (down 102% from profit in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.70 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.70 in 2Q 2021). Revenue: CN¥3.74b (up 14% from 2Q 2021). Net income: CN¥158.9m (down 75% from 2Q 2021). Profit margin: 4.2% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 40% growth forecast for the Chemicals industry in China. 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 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.40 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.35. Revenue: CN¥3.86b (up 29% from 1Q 2021). Net income: CN¥367.6m (up 6.4% from 1Q 2021). Profit margin: 9.5% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 42% growth forecast for the industry in China.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Jun An Wu 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.
Reported Earnings • Apr 04Full year 2021 earnings released: EPS: CN¥2.30 (vs CN¥0.58 in FY 2020)Full year 2021 results: EPS: CN¥2.30 (up from CN¥0.58 in FY 2020). Revenue: CN¥13.4b (up 51% from FY 2020). Net income: CN¥2.14b (up 479% from FY 2020). Profit margin: 16% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Buying Opportunity • Mar 02Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥15.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years.
Buying Opportunity • Jan 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.1%. The fair value is estimated to be CN¥14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.048 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥3.63b (down 2.6% from 3Q 2020). Net income: CN¥643.7m (up CN¥577.5m from 3Q 2020). Profit margin: 18% (up from 1.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥13.33, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.81 per share.
お知らせ • Sep 03Shenma Industrial Co., Ltd. (SHSE:600810) entered into a share transfer agreement to acquire an additional 5% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from Pingdingshan Eastern Investment Co., Ltd. for CNY 0.Shenma Industrial Co., Ltd. (SHSE:600810) entered into a share transfer agreement to acquire an additional 5% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from Pingdingshan Eastern Investment Co., Ltd. for CNY 0 on September 1, 2021. Under the agreement, Shenma Industrial Co., Ltd. will acquire the investment rights corresponding to CNY 60 million registered capital in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. In a related transaction, Shenma Industrial Co., Ltd. also agreed to acquire an additional 10.2% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Group Co., Ltd. for approximately CNY 130 million on September 1, 2021. Following the acquisitions, Shenma Industrial Co., Ltd. will increase its stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from 55.8% to 71%. As of June 30, 2021, Henan Pingmei Shenma Polycarbon Materials Co., Ltd. reported total assets of CNY 2.9 billion and owner's equity of CNY 1.1 billion.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥16.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.77 per share.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.03 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.29b (up 141% from 2Q 2020). Net income: CN¥629.3m (up CN¥597.2m from 2Q 2020). Profit margin: 19% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥13.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.16 per share.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥13.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 3.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.19 per share.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.04 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.00b (up 9.1% from 1Q 2020). Net income: CN¥345.6m (up CN¥322.1m from 1Q 2020). Profit margin: 12% (up from 0.9% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 18New 90-day high: CN¥11.17The company is up 1.0% from its price of CN¥11.01 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥334 per share.
Is New 90 Day High Low • Nov 12New 90-day high: CN¥9.46The company is up 9.0% from its price of CN¥8.71 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period.
Valuation Update With 7 Day Price Move • Nov 12Market bids up stock over the past weekAfter last week's 23% share price gain to CN¥9.46, the stock is trading at a trailing P/E ratio of 42.6x, up from the previous P/E ratio of 34.6x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 70%.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 17% share price gain to CN¥8.64, the stock is trading at a trailing P/E ratio of 38.9x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 54%.
お知らせ • Oct 29Shenma Industrial Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Shenma Industrial Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020
お知らせ • Jul 30Shenma Industrial Co., Ltd. (SHSE:600810) completed the acquisition of an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd.Shenma Industrial Co., Ltd. (SHSE:600810) agreed to acquire an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. for nil consideration on December 30, 2019. Post transaction, Shenma Industrial Co., Ltd. will hold 55% stake and China Pingmei Shenma Energy & Chemical Group Co., Ltd. will hold 10.2% stake in Henan Pingmei Shenma Polycarbon Materials. Henan Pingmei Shenma Polycarbon Materials reported total assets of CNY 12.21 million, net assets of CNY 12 million and nil revenues as of December 31, 2018. The transaction is subject to approval from shareholders of Shenma Industrial Co., Ltd. The transaction is approved by the Board of Shenma Industrial Co., Ltd. Shenma Industrial Co., Ltd. (SHSE:600810) completed the acquisition of an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. on March 11, 2020.
お知らせ • Jul 18Shenma Industrial Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020Shenma Industrial Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020
