Epoxy Base Electronic Material（603002）株式概要エポキシ・ベース・エレクトロニック・マテリアル・コーポレーション・リミテッドは、電子グレードのエポキシ樹脂を中国国内および国際的に製造・販売している。 詳細603002 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績0/6財務の健全性4/6配当金0/6リスク分析CN市場と比較して、過去 3 か月間の株価の変動が非常に大きい過去5年間で収益は年間44.8%減少しました。 高いレベルの非現金収入 利益率(0.8%)は昨年より低い(2%) すべてのリスクチェックを見る603002 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¥16.29135.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture04b2016201920222025202620282031Revenue CN¥2.1bEarnings CN¥17.4mAdvancedSet Fair ValueView all narrativesEpoxy Base Electronic Material Corporation Limited 競合他社Sinofibers TechnologySymbol: SZSE:300777Market cap: CN¥17.4bZhejiang Yonghe RefrigerantSymbol: SHSE:605020Market cap: CN¥17.2bShandong Dawn PolymerLtdSymbol: SZSE:002838Market cap: CN¥16.9bShanghai Huayi GroupSymbol: SHSE:600623Market cap: CN¥18.8b価格と性能株価の高値、安値、推移の概要Epoxy Base Electronic Material過去の株価現在の株価CN¥16.2952週高値CN¥17.5352週安値CN¥5.49ベータ1.181ヶ月の変化17.36%3ヶ月変化68.11%1年変化195.11%3年間の変化218.79%5年間の変化164.45%IPOからの変化185.46%最新ニュースNew Risk • May 07New 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 9.8% 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 Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).Reported Earnings • Apr 24Full year 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in FY 2024)Full year 2025 results: EPS: CN¥0.03 (down from CN¥0.04 in FY 2024). Revenue: CN¥3.08b (up 44% from FY 2024). Net income: CN¥35.4m (down 30% from FY 2024). Profit margin: 1.1% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance.お知らせ • Apr 23Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong Chinaお知らせ • Mar 30Epoxy Base Electronic Material Corporation Limited to Report Q1, 2026 Results on Apr 29, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2026 results on Apr 29, 2026New Risk • Mar 28New 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 8.2% 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 Earnings have declined by 32% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin).お知らせ • Dec 26Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2025 Results on Apr 24, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2025 results on Apr 24, 2026最新情報をもっと見るRecent updatesNew Risk • May 07New 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 9.8% 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 Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).Reported Earnings • Apr 24Full year 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in FY 2024)Full year 2025 results: EPS: CN¥0.03 (down from CN¥0.04 in FY 2024). Revenue: CN¥3.08b (up 44% from FY 2024). Net income: CN¥35.4m (down 30% from FY 2024). Profit margin: 1.1% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance.お知らせ • Apr 23Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong Chinaお知らせ • Mar 30Epoxy Base Electronic Material Corporation Limited to Report Q1, 2026 Results on Apr 29, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2026 results on Apr 29, 2026New Risk • Mar 28New 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 8.2% 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 Earnings have declined by 32% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin).お知らせ • Dec 26Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2025 Results on Apr 24, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2025 results on Apr 24, 2026Reported Earnings • Oct 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: CN¥817.7m (up 49% from 3Q 2024). Net income: CN¥8.18m (down 29% from 3Q 2024). Profit margin: 1.0% (down from 2.1% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 116 percentage points per year, which is a significant difference in performance.お知らせ • Sep 30Epoxy Base Electronic Material Corporation Limited to Report Q3, 2025 Results on Oct 30, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Sep 01Second quarter 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.01 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.004 (down from CN¥0.01 in 2Q 2024). Revenue: CN¥766.7m (up 32% from 2Q 2024). Net income: CN¥9.88m (down 26% from 2Q 2024). Profit margin: 1.3% (down from 2.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.New Risk • Jul 09New 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 7.0% 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: Major Risks Earnings have declined by 19% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin).お知らせ • Jun 30Epoxy Base Electronic Material Corporation Limited to Report First Half, 2025 Results on Aug 27, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2025 results on Aug 27, 2025Declared Dividend • Jun 09Dividend of CN¥0.02 announcedShareholders will receive a dividend of CN¥0.02. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (50% 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 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 27% EPS decline seen over the last 5 years.Reported Earnings • Apr 24Full year 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.09 in FY 2023)Full year 2024 results: EPS: CN¥0.04 (down from CN¥0.09 in FY 2023). Revenue: CN¥2.14b (down 4.3% from FY 2023). Net income: CN¥50.6m (down 42% from FY 2023). Profit margin: 2.4% (down from 3.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 15% 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 76 percentage points per year, which is a significant difference in performance.お知らせ • Apr 24+ 1 more updateEpoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 14, 2025Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 14, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong Chinaお知らせ • Mar 28Epoxy Base Electronic Material Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025分析記事 • Feb 26Investors Appear Satisfied With Epoxy Base Electronic Material Corporation Limited's (SHSE:603002) Prospects As Shares Rocket 28%Epoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shares have had a really impressive month, gaining...分析記事 • Jan 15Is Epoxy Base Electronic Material (SHSE:603002) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Dec 27Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2024 Results on Apr 24, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2024 results on Apr 24, 2025分析記事 • Dec 03Epoxy Base Electronic Material Corporation Limited's (SHSE:603002) 26% Jump Shows Its Popularity With InvestorsEpoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shares have continued their recent momentum with a...分析記事 • Nov 05Epoxy Base Electronic Material's (SHSE:603002) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Epoxy Base Electronic Material Corporation Limited's ( SHSE:603002 ) recent...New Risk • Oct 30New major risk - Revenue and earnings growthEarnings have declined by 3.3% 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 Earnings have declined by 3.3% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.9% net profit margin).Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.013 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.013 in 3Q 2023). Revenue: CN¥550.8m (down 9.3% from 3Q 2023). Net income: CN¥11.6m (down 50% from 3Q 2023). Profit margin: 2.1% (down from 3.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Sep 30Epoxy Base Electronic Material Corporation Limited to Report Q3, 2024 Results on Oct 30, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report Q3, 2024 results on Oct 30, 2024分析記事 • Sep 30Epoxy Base Electronic Material (SHSE:603002) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 2Q 2023). Revenue: CN¥582.5m (up 4.6% from 2Q 2023). Net income: CN¥13.3m (down 35% from 2Q 2023). Profit margin: 2.3% (down from 3.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥5.40, the stock trades at a trailing P/E ratio of 76.5x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 15% over the past three years.お知らせ • Jun 28Epoxy Base Electronic Material Corporation Limited to Report First Half, 2024 Results on Aug 24, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2024 results on Aug 24, 2024分析記事 • Jun 28Is Epoxy Base Electronic Material (SHSE:603002) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥5.00, the stock trades at a trailing P/E ratio of 70.8x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years.Declared Dividend • Jun 07Dividend of CN¥0.05 announcedShareholders will receive a dividend of CN¥0.05. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (64% 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 increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • May 06Epoxy Base Electronic Material's (SHSE:603002) Anemic Earnings Might Be Worse Than You ThinkEpoxy Base Electronic Material Corporation Limited's ( SHSE:603002 ) recent weak earnings report didn't cause a big...Buy Or Sell Opportunity • Apr 26Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to CN¥4.74. The fair value is estimated to be CN¥3.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 11%.お知らせ • Apr 26Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 15, 2024Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 15, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong ChinaReported Earnings • Apr 25Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.62 in FY 2022)Full year 2023 results: EPS: CN¥0.09 (down from CN¥0.62 in FY 2022). Revenue: CN¥2.24b (down 26% from FY 2022). Net income: CN¥86.6m (down 84% from FY 2022). Profit margin: 3.9% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 35% 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, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year.分析記事 • Apr 24Some Epoxy Base Electronic Material Corporation Limited (SHSE:603002) Shareholders Look For Exit As Shares Take 27% PoundingEpoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shareholders won't be pleased to see that the share...Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥4.55, the stock trades at a trailing P/E ratio of 52.3x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years.お知らせ • Mar 29Epoxy Base Electronic Material Corporation Limited to Report Q1, 2024 Results on Apr 29, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2024 results on Apr 29, 2024New Risk • Mar 22New 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 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 234% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding).Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥6.36, the stock trades at a trailing P/E ratio of 73.1x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years.分析記事 • Mar 05Epoxy Base Electronic Material Corporation Limited's (SHSE:603002) 32% Price Boost Is Out Of Tune With RevenuesEpoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shareholders are no doubt pleased to see that the...Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥4.80, the stock trades at a trailing P/E ratio of 55.1x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 3.4% over the past three years.Buy Or Sell Opportunity • Feb 08Now 28% overvaluedOver the last 90 days, the stock has fallen 28% to CN¥4.11. The fair value is estimated to be CN¥3.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has grown by 5.7%.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥4.49, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 10.0% over the past three years.お知らせ • Dec 30Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2023 Results on Apr 25, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2023 results on Apr 25, 2024New Risk • Nov 17New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 234% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding).Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.79, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years.New Risk • Oct 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 234% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding).Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.013 (vs CN¥0.025 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.013. Revenue: CN¥607.5m (down 5.8% from 3Q 2022). Net income: CN¥23.2m (up 5.9% from 3Q 2022). Profit margin: 3.8% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses.お知らせ • Sep 30Epoxy Base Electronic Material Corporation Limited to Report Q3, 2023 Results on Oct 26, 2023Epoxy Base Electronic Material Corporation Limited announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.50 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.50 in 2Q 2022). Revenue: CN¥557.0m (down 35% from 2Q 2022). Net income: CN¥20.3m (down 95% from 2Q 2022). Profit margin: 3.6% (down from 52% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥5.89, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 30% over the past three years.お知らせ • Jun 28Epoxy Base Electronic Material Corporation Limited to Report First Half, 2023 Results on Aug 22, 2023Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2023 results on Aug 22, 2023Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥0.62 (vs CN¥0.41 in FY 2021)Full year 2022 results: EPS: CN¥0.62 (up from CN¥0.41 in FY 2021). Revenue: CN¥3.02b (down 32% from FY 2021). Net income: CN¥556.8m (up 49% from FY 2021). Profit margin: 18% (up from 8.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.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 (6 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 31Third quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.025 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥645.1m (down 48% from 3Q 2021). Net income: CN¥21.9m (down 79% from 3Q 2021). Profit margin: 3.4% (down from 8.4% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.13 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.50 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥854.2m (down 28% from 2Q 2021). Net income: CN¥442.3m (up 286% from 2Q 2021). Profit margin: 52% (up from 9.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less 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. 12 experienced directors. No highly experienced directors. 4 independent directors (7 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 • Apr 21Full year 2021 earnings released: EPS: CN¥0.41 (vs CN¥0.25 in FY 2020)Full year 2021 results: EPS: CN¥0.41 (up from CN¥0.25 in FY 2020). Net income: CN¥374.6m (up CN¥374.6m from FY 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.37, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 134% over the past three years.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.23b (up 178% from 3Q 2020). Net income: CN¥103.7m (up 225% from 3Q 2020). Profit margin: 8.4% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥7.54, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years.Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥9.26, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 124% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.049 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.19b (up 197% from 2Q 2020). Net income: CN¥114.7m (up 277% from 2Q 2020). Profit margin: 9.7% (up from 7.6% 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 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥6.23, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years.Reported Earnings • Apr 24Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.18 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.50b (up 6.5% from FY 2019). Net income: CN¥224.1m (up 39% from FY 2019). Profit margin: 8.9% (up from 6.9% 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 18% per year whereas the company’s share price has increased by 14% per year.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥8.07, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 63% over the past three years.Is New 90 Day High Low • Mar 03New 90-day high: CN¥6.43The company is up 9.0% from its price of CN¥5.88 on 03 December 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 13% over the same period.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥5.24, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 25x. This compares to an average P/E of 37x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 14%.Is New 90 Day High Low • Jan 11New 90-day low: CN¥4.62The company is down 11% from its price of CN¥5.20 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period.お知らせ • Nov 26Epoxy Base Electronic Material Corporation Limited (SHSE:603002) completed the acquisition of Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED.Epoxy Base Electronic Material Corporation Limited (SHSE:603002) agreed to acquire Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED for CNY 1.3 billion on March 17, 2020. Under the terms, Epoxy will issue a total of 263.2 million of its own shares to acquire 398 million shares in the target. As on September 17, 2020, as per equity distribution plan, the issue price of this transaction was adjusted to CNY 3.85 per share and the number of shares to be issues as consideration will be approximately 267.3 million. Grace Electron will sell 75% stake equivalent to approximately 200 million shares of approximately CNY 770 million value and NEWFAME INVESTMENT will sell 25% stake equivalent to 66.8 million shares of approximately CNY 260 million value. In a related transaction, Epoxy will raise funds through a private placement of its shares and are intended to be used to supplement the liquidity of the target company and to pay the related expenses of the transaction. The raised funds will not exceed CNY 120 million. Wuxi Grace Electron Technology Co., Ltd has total assets of CNY 752.8 million, revenue of CNY 740.6 million, operating profit of CNY 98 million, net profit of CNY 85.5 million and net assets of CNY 476.3 million. The transaction needs to be approved by shareholders of Epoxy, the CSRC and the internal decision-making body of the sellers. The transaction has been approved by the board of Wuxi Grace and Epoxy. After the subject assets of this transaction have been audited and evaluated, Epoxy will convene a board meeting again to review the formal plan for this reorganization. On June 17, 2020, the transaction was approved in the Extraordinary Shareholders General Meeting of Epoxy. On November 7, 2020, Epoxy Base received approval of the China Securities Regulatory Commission for issuing shares to purchase assets and raising supporting funds. Soochow Securities Co., Ltd. acted as financial advisor for Epoxy. Cheng Yiqun and Gao Maoying of Commerce & Finance Law Offices acted as legal advisor and Han Yanguang and Mai Jianqing of Baker Tilly China Certified Public Accountants as accountant to Epoxy Base Electronic Material Corporation Limited. Epoxy Base Electronic Material Corporation Limited (SHSE:603002) completed the acquisition of Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED on November 25, 2020. Wuxi Grace Electron Technology Co., Ltd. became the Epoxy Base Electronic's wholly-owned subsidiary. Wuxi Grace Electron Technology Co., Ltd. has completed the industrial and commercial change registration procedures for the transfer of assets of this transaction, and obtained the Wuxi National High-tech Industrial Development Zone (Xinwu District, Wuxi City) "Business License" issued by the Market Supervision Administration (Unified Social Credit Code: 913202147382875036).Is New 90 Day High Low • Nov 09New 90-day high: CN¥6.14The company is up 13% from its price of CN¥5.44 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period.Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 16% share price gain to CN¥5.66, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 27.1x. This compares to an average P/E of 40x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 1.5%.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥109.8m, up 133% from the prior year. Total revenue was CN¥1.59b over the last 12 months, down 5.2% from the prior year.Is New 90 Day High Low • Sep 26New 90-day low: CN¥4.90The company is down 3.0% from its price of CN¥5.07 on 24 June 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 17% over the same period.お知らせ • Sep 26Epoxy Base Electronic Material Corporation Limited (SHSE:603002) agreed to acquire Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED for CNY 1.3 billion.Epoxy Base Electronic Material Corporation Limited (SHSE:603002) agreed to acquire Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED for CNY 1.3 billion on March 17, 2020. Under the terms, Epoxy will issue a total of 263.2 million of its own shares to acquire 398 million shares in the target. As on September 17, 2020, as per equity distribution plan, the issue price of this transaction was adjusted to CNY 3.85 per share and the number of shares to be issues as consideration will be approximately 267.3 million. Grace Electron will sell 75% stake equivalent to approximately 200 million shares of approximately CNY 770 million value and NEWFAME INVESTMENT will sell 25% stake equivalent to 66.8 million shares of approximately CNY 260 million value. In a related transaction, Epoxy will raise funds through a private placement of its shares and are intended to be used to supplement the liquidity of the target company and to pay the related expenses of the transaction. The raised funds will not exceed CNY 120 million. Wuxi Grace Electron Technology Co., Ltd has total assets of CNY 752.8 million, revenue of CNY 740.6 million, operating profit of CNY 98 million, net profit of CNY 85.5 million and net assets of CNY 476.3 million. The transaction needs to be approved by shareholders of Epoxy, the CSRC and the internal decision-making body of the sellers. The transaction has been approved by the board of Wuxi Grace and Epoxy. After the subject assets of this transaction have been audited and evaluated, Epoxy will convene a board meeting again to review the formal plan for this reorganization. On June 17, 2020, the transaction was approved in the Extraordinary Shareholders General Meeting of Epoxy. Soochow Securities Co., Ltd. acted as financial advisor for Epoxy. Cheng Yiqun and Gao Maoying of Commerce & Finance Law Offices acted as legal advisor and Han Yanguang and Mai Jianqing of Baker Tilly China Certified Public Accountants as accountant to Epoxy Base Electronic Material Corporation Limited.お知らせ • Jul 08Epoxy Base Electronic Material Corporation Limited to Report First Half, 2020 Results on Aug 18, 2020Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2020 results on Aug 18, 2020株主還元603002CN ChemicalsCN 市場7D7.6%-1.3%-0.04%1Y195.1%61.8%34.9%株主還元を見る業界別リターン: 603002過去 1 年間で57.5 % の収益を上げたCN Chemicals業界を上回りました。リターン対市場: 603002過去 1 年間で31.5 % の収益を上げたCN市場を上回りました。価格変動Is 603002's price volatile compared to industry and market?603002 volatility603002 Average Weekly Movement10.2%Chemicals Industry Average Movement6.8%Market Average Movement6.4%10% most volatile stocks in CN Market10.1%10% least volatile stocks in CN Market4.2%安定した株価: 603002の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 603002の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1995839Sheng Zhong Jiangwww.graceepoxy.com/enエポキシ・ベース・エレクトロニック・マテリアル・コーポレーション・リミテッドは、電子グレードのエポキシ樹脂を中国国内外で製造・販売している。同社は風力ブレードと液状タイプのエポキシ樹脂、特殊タイプと改質タイプのエポキシ樹脂、銅張積層板、粉体塗装、缶コーティング用の特殊樹脂を提供している。また、専門的な技術アフターサービスも提供している。前身は広州エポキシベース電子材料有限公司で、2008年3月にエポキシベース電子材料有限公司に社名変更した。同社は1995年に設立され、本社は中国の広州にある。もっと見るEpoxy Base Electronic Material Corporation Limited 基礎のまとめEpoxy Base Electronic Material の収益と売上を時価総額と比較するとどうか。603002 基礎統計学時価総額CN¥18.47b収益（TTM）CN¥29.38m売上高(TTM)CN¥3.51b628.7xPER（株価収益率5.3xP/Sレシオ603002 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603002 損益計算書（TTM）収益CN¥3.51b売上原価CN¥3.33b売上総利益CN¥179.46mその他の費用CN¥150.08m収益CN¥29.38m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.026グロス・マージン5.12%純利益率0.84%有利子負債／自己資本比率18.4%603002 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0.09%現在の配当利回り67%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2026/05/22 05:19終値2026/05/22 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Epoxy Base Electronic Material Corporation Limited 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null nullCitic Securities Co., Ltd.Zhe WangCitic Securities Co., Ltd.Qiang PuPing An Securities Co. Ltd.
New Risk • May 07New 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 9.8% 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 Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
Reported Earnings • Apr 24Full year 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in FY 2024)Full year 2025 results: EPS: CN¥0.03 (down from CN¥0.04 in FY 2024). Revenue: CN¥3.08b (up 44% from FY 2024). Net income: CN¥35.4m (down 30% from FY 2024). Profit margin: 1.1% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 23Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
お知らせ • Mar 30Epoxy Base Electronic Material Corporation Limited to Report Q1, 2026 Results on Apr 29, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2026 results on Apr 29, 2026
New Risk • Mar 28New 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 8.2% 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 Earnings have declined by 32% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin).
お知らせ • Dec 26Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2025 Results on Apr 24, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2025 results on Apr 24, 2026
New Risk • May 07New 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 9.8% 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 Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 45% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin).
Reported Earnings • Apr 24Full year 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in FY 2024)Full year 2025 results: EPS: CN¥0.03 (down from CN¥0.04 in FY 2024). Revenue: CN¥3.08b (up 44% from FY 2024). Net income: CN¥35.4m (down 30% from FY 2024). Profit margin: 1.1% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 23Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 13, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
お知らせ • Mar 30Epoxy Base Electronic Material Corporation Limited to Report Q1, 2026 Results on Apr 29, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2026 results on Apr 29, 2026
New Risk • Mar 28New 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 8.2% 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 Earnings have declined by 32% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin).
お知らせ • Dec 26Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2025 Results on Apr 24, 2026Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2025 results on Apr 24, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: CN¥817.7m (up 49% from 3Q 2024). Net income: CN¥8.18m (down 29% from 3Q 2024). Profit margin: 1.0% (down from 2.1% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 116 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 30Epoxy Base Electronic Material Corporation Limited to Report Q3, 2025 Results on Oct 30, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Sep 01Second quarter 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.01 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.004 (down from CN¥0.01 in 2Q 2024). Revenue: CN¥766.7m (up 32% from 2Q 2024). Net income: CN¥9.88m (down 26% from 2Q 2024). Profit margin: 1.3% (down from 2.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.
New Risk • Jul 09New 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 7.0% 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: Major Risks Earnings have declined by 19% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin).
お知らせ • Jun 30Epoxy Base Electronic Material Corporation Limited to Report First Half, 2025 Results on Aug 27, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2025 results on Aug 27, 2025
Declared Dividend • Jun 09Dividend of CN¥0.02 announcedShareholders will receive a dividend of CN¥0.02. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (50% 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 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 27% EPS decline seen over the last 5 years.
Reported Earnings • Apr 24Full year 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.09 in FY 2023)Full year 2024 results: EPS: CN¥0.04 (down from CN¥0.09 in FY 2023). Revenue: CN¥2.14b (down 4.3% from FY 2023). Net income: CN¥50.6m (down 42% from FY 2023). Profit margin: 2.4% (down from 3.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 15% 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 76 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 24+ 1 more updateEpoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 14, 2025Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 14, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
お知らせ • Mar 28Epoxy Base Electronic Material Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025
分析記事 • Feb 26Investors Appear Satisfied With Epoxy Base Electronic Material Corporation Limited's (SHSE:603002) Prospects As Shares Rocket 28%Epoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shares have had a really impressive month, gaining...
分析記事 • Jan 15Is Epoxy Base Electronic Material (SHSE:603002) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Dec 27Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2024 Results on Apr 24, 2025Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2024 results on Apr 24, 2025
分析記事 • Dec 03Epoxy Base Electronic Material Corporation Limited's (SHSE:603002) 26% Jump Shows Its Popularity With InvestorsEpoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shares have continued their recent momentum with a...
分析記事 • Nov 05Epoxy Base Electronic Material's (SHSE:603002) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsThe subdued market reaction suggests that Epoxy Base Electronic Material Corporation Limited's ( SHSE:603002 ) recent...
New Risk • Oct 30New major risk - Revenue and earnings growthEarnings have declined by 3.3% 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 Earnings have declined by 3.3% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.9% net profit margin).
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.013 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.013 in 3Q 2023). Revenue: CN¥550.8m (down 9.3% from 3Q 2023). Net income: CN¥11.6m (down 50% from 3Q 2023). Profit margin: 2.1% (down from 3.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 30Epoxy Base Electronic Material Corporation Limited to Report Q3, 2024 Results on Oct 30, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report Q3, 2024 results on Oct 30, 2024
分析記事 • Sep 30Epoxy Base Electronic Material (SHSE:603002) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 2Q 2023). Revenue: CN¥582.5m (up 4.6% from 2Q 2023). Net income: CN¥13.3m (down 35% from 2Q 2023). Profit margin: 2.3% (down from 3.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥5.40, the stock trades at a trailing P/E ratio of 76.5x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 15% over the past three years.
お知らせ • Jun 28Epoxy Base Electronic Material Corporation Limited to Report First Half, 2024 Results on Aug 24, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2024 results on Aug 24, 2024
分析記事 • Jun 28Is Epoxy Base Electronic Material (SHSE:603002) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥5.00, the stock trades at a trailing P/E ratio of 70.8x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years.
Declared Dividend • Jun 07Dividend of CN¥0.05 announcedShareholders will receive a dividend of CN¥0.05. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (64% 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 increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • May 06Epoxy Base Electronic Material's (SHSE:603002) Anemic Earnings Might Be Worse Than You ThinkEpoxy Base Electronic Material Corporation Limited's ( SHSE:603002 ) recent weak earnings report didn't cause a big...
Buy Or Sell Opportunity • Apr 26Now 22% overvaluedOver the last 90 days, the stock has fallen 15% to CN¥4.74. The fair value is estimated to be CN¥3.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 11%.
お知らせ • Apr 26Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 15, 2024Epoxy Base Electronic Material Corporation Limited, Annual General Meeting, May 15, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
Reported Earnings • Apr 25Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.62 in FY 2022)Full year 2023 results: EPS: CN¥0.09 (down from CN¥0.62 in FY 2022). Revenue: CN¥2.24b (down 26% from FY 2022). Net income: CN¥86.6m (down 84% from FY 2022). Profit margin: 3.9% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 35% 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, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year.
分析記事 • Apr 24Some Epoxy Base Electronic Material Corporation Limited (SHSE:603002) Shareholders Look For Exit As Shares Take 27% PoundingEpoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shareholders won't be pleased to see that the share...
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥4.55, the stock trades at a trailing P/E ratio of 52.3x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years.
お知らせ • Mar 29Epoxy Base Electronic Material Corporation Limited to Report Q1, 2024 Results on Apr 29, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report Q1, 2024 results on Apr 29, 2024
New Risk • Mar 22New 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 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 234% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥6.36, the stock trades at a trailing P/E ratio of 73.1x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years.
分析記事 • Mar 05Epoxy Base Electronic Material Corporation Limited's (SHSE:603002) 32% Price Boost Is Out Of Tune With RevenuesEpoxy Base Electronic Material Corporation Limited ( SHSE:603002 ) shareholders are no doubt pleased to see that the...
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥4.80, the stock trades at a trailing P/E ratio of 55.1x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 3.4% over the past three years.
Buy Or Sell Opportunity • Feb 08Now 28% overvaluedOver the last 90 days, the stock has fallen 28% to CN¥4.11. The fair value is estimated to be CN¥3.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has grown by 5.7%.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥4.49, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 10.0% over the past three years.
お知らせ • Dec 30Epoxy Base Electronic Material Corporation Limited to Report Fiscal Year 2023 Results on Apr 25, 2024Epoxy Base Electronic Material Corporation Limited announced that they will report fiscal year 2023 results on Apr 25, 2024
New Risk • Nov 17New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 234% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.79, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years.
New Risk • Oct 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 234% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (25% increase in shares outstanding).
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.013 (vs CN¥0.025 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.013. Revenue: CN¥607.5m (down 5.8% from 3Q 2022). Net income: CN¥23.2m (up 5.9% from 3Q 2022). Profit margin: 3.8% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses.
お知らせ • Sep 30Epoxy Base Electronic Material Corporation Limited to Report Q3, 2023 Results on Oct 26, 2023Epoxy Base Electronic Material Corporation Limited announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.50 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.50 in 2Q 2022). Revenue: CN¥557.0m (down 35% from 2Q 2022). Net income: CN¥20.3m (down 95% from 2Q 2022). Profit margin: 3.6% (down from 52% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥5.89, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 30% over the past three years.
お知らせ • Jun 28Epoxy Base Electronic Material Corporation Limited to Report First Half, 2023 Results on Aug 22, 2023Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2023 results on Aug 22, 2023
Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥0.62 (vs CN¥0.41 in FY 2021)Full year 2022 results: EPS: CN¥0.62 (up from CN¥0.41 in FY 2021). Revenue: CN¥3.02b (down 32% from FY 2021). Net income: CN¥556.8m (up 49% from FY 2021). Profit margin: 18% (up from 8.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
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 (6 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 31Third quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.025 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥645.1m (down 48% from 3Q 2021). Net income: CN¥21.9m (down 79% from 3Q 2021). Profit margin: 3.4% (down from 8.4% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.13 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.50 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥854.2m (down 28% from 2Q 2021). Net income: CN¥442.3m (up 286% from 2Q 2021). Profit margin: 52% (up from 9.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less 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. 12 experienced directors. No highly experienced directors. 4 independent directors (7 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 • Apr 21Full year 2021 earnings released: EPS: CN¥0.41 (vs CN¥0.25 in FY 2020)Full year 2021 results: EPS: CN¥0.41 (up from CN¥0.25 in FY 2020). Net income: CN¥374.6m (up CN¥374.6m from FY 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.37, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 134% over the past three years.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.23b (up 178% from 3Q 2020). Net income: CN¥103.7m (up 225% from 3Q 2020). Profit margin: 8.4% (up from 7.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥7.54, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years.
Valuation Update With 7 Day Price Move • Sep 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥9.26, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 124% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.049 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.19b (up 197% from 2Q 2020). Net income: CN¥114.7m (up 277% from 2Q 2020). Profit margin: 9.7% (up from 7.6% 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 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 02Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥6.23, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years.
Reported Earnings • Apr 24Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.18 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.50b (up 6.5% from FY 2019). Net income: CN¥224.1m (up 39% from FY 2019). Profit margin: 8.9% (up from 6.9% 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 18% per year whereas the company’s share price has increased by 14% per year.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥8.07, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 63% over the past three years.
Is New 90 Day High Low • Mar 03New 90-day high: CN¥6.43The company is up 9.0% from its price of CN¥5.88 on 03 December 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 13% over the same period.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥5.24, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 25x. This compares to an average P/E of 37x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 14%.
Is New 90 Day High Low • Jan 11New 90-day low: CN¥4.62The company is down 11% from its price of CN¥5.20 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period.
お知らせ • Nov 26Epoxy Base Electronic Material Corporation Limited (SHSE:603002) completed the acquisition of Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED.Epoxy Base Electronic Material Corporation Limited (SHSE:603002) agreed to acquire Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED for CNY 1.3 billion on March 17, 2020. Under the terms, Epoxy will issue a total of 263.2 million of its own shares to acquire 398 million shares in the target. As on September 17, 2020, as per equity distribution plan, the issue price of this transaction was adjusted to CNY 3.85 per share and the number of shares to be issues as consideration will be approximately 267.3 million. Grace Electron will sell 75% stake equivalent to approximately 200 million shares of approximately CNY 770 million value and NEWFAME INVESTMENT will sell 25% stake equivalent to 66.8 million shares of approximately CNY 260 million value. In a related transaction, Epoxy will raise funds through a private placement of its shares and are intended to be used to supplement the liquidity of the target company and to pay the related expenses of the transaction. The raised funds will not exceed CNY 120 million. Wuxi Grace Electron Technology Co., Ltd has total assets of CNY 752.8 million, revenue of CNY 740.6 million, operating profit of CNY 98 million, net profit of CNY 85.5 million and net assets of CNY 476.3 million. The transaction needs to be approved by shareholders of Epoxy, the CSRC and the internal decision-making body of the sellers. The transaction has been approved by the board of Wuxi Grace and Epoxy. After the subject assets of this transaction have been audited and evaluated, Epoxy will convene a board meeting again to review the formal plan for this reorganization. On June 17, 2020, the transaction was approved in the Extraordinary Shareholders General Meeting of Epoxy. On November 7, 2020, Epoxy Base received approval of the China Securities Regulatory Commission for issuing shares to purchase assets and raising supporting funds. Soochow Securities Co., Ltd. acted as financial advisor for Epoxy. Cheng Yiqun and Gao Maoying of Commerce & Finance Law Offices acted as legal advisor and Han Yanguang and Mai Jianqing of Baker Tilly China Certified Public Accountants as accountant to Epoxy Base Electronic Material Corporation Limited. Epoxy Base Electronic Material Corporation Limited (SHSE:603002) completed the acquisition of Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED on November 25, 2020. Wuxi Grace Electron Technology Co., Ltd. became the Epoxy Base Electronic's wholly-owned subsidiary. Wuxi Grace Electron Technology Co., Ltd. has completed the industrial and commercial change registration procedures for the transfer of assets of this transaction, and obtained the Wuxi National High-tech Industrial Development Zone (Xinwu District, Wuxi City) "Business License" issued by the Market Supervision Administration (Unified Social Credit Code: 913202147382875036).
Is New 90 Day High Low • Nov 09New 90-day high: CN¥6.14The company is up 13% from its price of CN¥5.44 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period.
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 16% share price gain to CN¥5.66, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 27.1x. This compares to an average P/E of 40x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 1.5%.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥109.8m, up 133% from the prior year. Total revenue was CN¥1.59b over the last 12 months, down 5.2% from the prior year.
Is New 90 Day High Low • Sep 26New 90-day low: CN¥4.90The company is down 3.0% from its price of CN¥5.07 on 24 June 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 17% over the same period.
お知らせ • Sep 26Epoxy Base Electronic Material Corporation Limited (SHSE:603002) agreed to acquire Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED for CNY 1.3 billion.Epoxy Base Electronic Material Corporation Limited (SHSE:603002) agreed to acquire Wuxi Grace Electron Technology Co., Ltd. from Grace Electron Corp. (Guangzhou) and NEWFAME INVESTMENT LIMITED for CNY 1.3 billion on March 17, 2020. Under the terms, Epoxy will issue a total of 263.2 million of its own shares to acquire 398 million shares in the target. As on September 17, 2020, as per equity distribution plan, the issue price of this transaction was adjusted to CNY 3.85 per share and the number of shares to be issues as consideration will be approximately 267.3 million. Grace Electron will sell 75% stake equivalent to approximately 200 million shares of approximately CNY 770 million value and NEWFAME INVESTMENT will sell 25% stake equivalent to 66.8 million shares of approximately CNY 260 million value. In a related transaction, Epoxy will raise funds through a private placement of its shares and are intended to be used to supplement the liquidity of the target company and to pay the related expenses of the transaction. The raised funds will not exceed CNY 120 million. Wuxi Grace Electron Technology Co., Ltd has total assets of CNY 752.8 million, revenue of CNY 740.6 million, operating profit of CNY 98 million, net profit of CNY 85.5 million and net assets of CNY 476.3 million. The transaction needs to be approved by shareholders of Epoxy, the CSRC and the internal decision-making body of the sellers. The transaction has been approved by the board of Wuxi Grace and Epoxy. After the subject assets of this transaction have been audited and evaluated, Epoxy will convene a board meeting again to review the formal plan for this reorganization. On June 17, 2020, the transaction was approved in the Extraordinary Shareholders General Meeting of Epoxy. Soochow Securities Co., Ltd. acted as financial advisor for Epoxy. Cheng Yiqun and Gao Maoying of Commerce & Finance Law Offices acted as legal advisor and Han Yanguang and Mai Jianqing of Baker Tilly China Certified Public Accountants as accountant to Epoxy Base Electronic Material Corporation Limited.
お知らせ • Jul 08Epoxy Base Electronic Material Corporation Limited to Report First Half, 2020 Results on Aug 18, 2020Epoxy Base Electronic Material Corporation Limited announced that they will report first half, 2020 results on Aug 18, 2020
