Shida Shinghwa Advanced Material Group（603026）株式概要志太新華先進材料集団有限公司 詳細603026 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長6/6過去の実績1/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より59.8%で取引されている 収益は年間50.21%増加すると予測されています 今年は黒字化を達成 リスク分析高いレベルの非現金収入 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 CN市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る603026 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¥87.7057.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-40m35b2016201920222025202620282031Revenue CN¥34.8bEarnings CN¥1.5bAdvancedSet Fair ValueView all narrativesShida Shinghwa Advanced Material Group Co., Ltd. 競合他社SKSHU PaintLtdSymbol: SHSE:603737Market cap: CN¥21.5bLily GroupSymbol: SHSE:603823Market cap: CN¥20.7bCrystal Clear Electronic MaterialLtdSymbol: SZSE:300655Market cap: CN¥21.9bInner Mongolia Berun ChemicalSymbol: SZSE:000683Market cap: CN¥22.1b価格と性能株価の高値、安値、推移の概要Shida Shinghwa Advanced Material Group過去の株価現在の株価CN¥87.7052週高値CN¥122.1652週安値CN¥35.57ベータ0.241ヶ月の変化0.011%3ヶ月変化1.21%1年変化135.18%3年間の変化47.40%5年間の変化-50.22%IPOからの変化835.97%最新ニュースValuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥96.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥102, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 54% over the past three years.New Risk • Apr 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).New Risk • Apr 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).New Risk • Apr 10New 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 8.3% 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results.New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.7x 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥96.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥102, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 54% over the past three years.New Risk • Apr 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).New Risk • Apr 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).New Risk • Apr 10New 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 8.3% 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results.New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.7x 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.08 in FY 2024)Full year 2025 results: EPS: CN¥0.07 (down from CN¥0.08 in FY 2024). Revenue: CN¥6.81b (up 23% from FY 2024). Net income: CN¥15.9m (down 3.2% from FY 2024). Profit margin: 0.2% (down from 0.3% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance.お知らせ • Mar 31Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, Apr 20, 2026Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 198, Tongxing Road, Kenli District, Dongying, Shandong Chinaお知らせ • Mar 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026New Risk • Feb 15New major risk - Revenue and earnings growthEarnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).お知らせ • Dec 26Shida Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.17 loss in 3Q 2024)Third quarter 2025 results: CN¥0.027 loss per share (improved from CN¥0.17 loss in 3Q 2024). Revenue: CN¥1.62b (up 5.5% from 3Q 2024). Net loss: CN¥5.86m (loss narrowed 78% from 3Q 2024). Revenue is forecast to grow 7.1% 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 122 percentage points per year, which is a significant difference in performance.New Risk • Oct 30New 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 7.6% 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 Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).お知らせ • Sep 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 31Second quarter 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.051 profit in 2Q 2024)Second quarter 2025 results: CN¥0.14 loss per share (down from CN¥0.051 profit in 2Q 2024). Revenue: CN¥1.42b (up 1.6% from 2Q 2024). Net loss: CN¥27.8m (down 368% from profit in 2Q 2024). Revenue is forecast to grow 6.9% 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 97 percentage points per year, which is a significant difference in performance.お知らせ • Jun 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025New Risk • Apr 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 11Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.09 in FY 2023). Revenue: CN¥5.55b (down 1.6% from FY 2023). Net income: CN¥16.4m (down 12% from FY 2023). Profit margin: 0.3% (in line with FY 2023). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 8.1% 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 69 percentage points per year, which is a significant difference in performance.お知らせ • Apr 11Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 06, 2025Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: Office Building, No. 198, Tongxing Road, Kenli District, Dongying, Shandong Chinaお知らせ • Mar 28Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Shida Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025分析記事 • Nov 22Shida Shinghwa Advanced Material Group Co., Ltd.'s (SHSE:603026) Price Is Right But Growth Is Lacking After Shares Rocket 25%Shida Shinghwa Advanced Material Group Co., Ltd. ( SHSE:603026 ) shares have continued their recent momentum with a 25...Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.23 profit in 3Q 2023)Third quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.23 profit in 3Q 2023). Revenue: CN¥1.54b (flat on 3Q 2023). Net loss: CN¥26.8m (down 153% from profit in 3Q 2023). Revenue is forecast to grow 7.2% 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 39 percentage points per year, which is a significant difference in performance.分析記事 • Oct 01Shida Shinghwa Advanced Material Group Co., Ltd. (SHSE:603026) Shares Fly 25% But Investors Aren't Buying For GrowthShida Shinghwa Advanced Material Group Co., Ltd. ( SHSE:603026 ) shares have had a really impressive month, gaining 25...お知らせ • Sep 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024分析記事 • Sep 05Shida Shinghwa Advanced Material Group's (SHSE:603026) Weak Earnings May Only Reveal A Part Of The Whole PictureA lackluster earnings announcement from Shida Shinghwa Advanced Material Group Co., Ltd. ( SHSE:603026 ) last week...Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.061 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥1.40b (flat on 2Q 2023). Net income: CN¥10.4m (down 8.1% from 2Q 2023). Profit margin: 0.7% (down from 0.8% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance.お知らせ • Jun 28Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024Declared Dividend • Jun 27Dividend of CN¥0.04 announcedShareholders will receive a dividend of CN¥0.04. Ex-date: 2nd July 2024 Payment date: 2nd July 2024 Dividend yield will be 0.1%, which is lower than the industry average of 2.6%.分析記事 • May 24Does Shida Shinghwa Advanced Material Group (SHSE:603026) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • Apr 27Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥4.39 in FY 2022)Full year 2023 results: EPS: CN¥0.09 (down from CN¥4.39 in FY 2022). Revenue: CN¥5.63b (down 32% from FY 2022). Net income: CN¥18.7m (down 98% from FY 2022). Profit margin: 0.3% (down from 11% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.お知らせ • Apr 27Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 16, 2024Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China分析記事 • Apr 12Shinghwa Advanced Material Group Co., Ltd.'s (SHSE:603026) Revenues Are Not Doing Enough For Some InvestorsShinghwa Advanced Material Group Co., Ltd.'s ( SHSE:603026 ) price-to-sales (or "P/S") ratio of 1.5x might make it look...Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥38.62, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 41% over the past three years.お知らせ • Mar 30Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥34.57, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 48% over the past three years.New Risk • Jan 16New 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 6.2% 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 Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin).お知らせ • Dec 30Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥1.04 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (down from CN¥1.04 in 3Q 2022). Revenue: CN¥1.54b (down 54% from 3Q 2022). Net income: CN¥50.9m (down 76% from 3Q 2022). Profit margin: 3.3% (down from 6.4% in 3Q 2022). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year.Board Change • Oct 05Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. 2 highly experienced directors. 2 independent directors (3 non-independent directors). GM & Director Haiming Yu is the most experienced director on the board, commencing their role in 2006. Independent Director Sheng Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Sep 30Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.99 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.99 in 2Q 2022). Revenue: CN¥1.40b (down 18% from 2Q 2022). Net income: CN¥11.3m (down 94% from 2Q 2022). Profit margin: 0.8% (down from 12% in 2Q 2022). Revenue is forecast to grow 37% 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 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jul 21Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥5.98 to CN¥4.83. Revenue forecast unchanged from CN¥10.5b at last update. Net income forecast to grow 145% next year vs 47% growth forecast for Chemicals industry in China. Consensus price target of CN¥82.06 unchanged from last update. Share price rose 2.8% to CN¥60.00 over the past week.お知らせ • Jun 28Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023New Risk • Jun 23New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.6% net profit margin).Price Target Changed • Feb 28Price target decreased by 9.4% to CN¥91.78Down from CN¥101, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥92.46. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥4.93 for next year compared to CN¥1.28 last year.Buying Opportunity • Dec 21Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be CN¥119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Buying Opportunity • Nov 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Price Target Changed • Nov 16Price target decreased to CN¥102Down from CN¥110, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥107. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥4.93 for next year compared to CN¥1.28 last year.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. 12 experienced directors. No highly experienced directors. 2 independent directors (10 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.Price Target Changed • Nov 05Price target decreased to CN¥102Down from CN¥110, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥104. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥4.93 for next year compared to CN¥1.28 last year.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.74 in 3Q 2021)Third quarter 2022 results: EPS: CN¥1.04 (up from CN¥0.74 in 3Q 2021). Revenue: CN¥3.32b (up 136% from 3Q 2021). Net income: CN¥210.9m (up 40% from 3Q 2021). Profit margin: 6.4% (down from 11% in 3Q 2021). 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 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be CN¥121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 35% per annum. Earnings is also forecast to grow by 26% per annum over the same time period.Buying Opportunity • Sep 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.99 (vs CN¥1.78 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.99 (down from CN¥1.78 in 2Q 2021). Revenue: CN¥1.71b (down 13% from 2Q 2021). Net income: CN¥200.8m (down 44% from 2Q 2021). Profit margin: 12% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 33% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 15Shandong Shida Shenghua Chemical Group Company Limited announced that it expects to receive CNY 4.5 billion in fundingShandong Shida Shenghua Chemical Group Company Limited announced that it will issue not more than 60,804,000 A shares for total gross proceeds of not more than CNY 4,500,000,000 on July 14, 2022. The transaction will include participation from no more than 35 specific investors, which may include securities investment fund management companies, securities companies, insurance institutional investors, trust companies, financial companies, asset management companies, qualified foreign institutional investors, qualified foreign institutional investors and other legal persons, natural persons or other qualified investors among them, securities investment fund management companies, securities companies, qualified foreign institutional investors, and qualified foreign institutional investors. The issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. All the securities issued in the transaction will subject to a hold period of six months. The transaction has been approved in the twentieth meeting of the seventh session of the board of directors and approved at the tenth meeting of the seventh board of supervisors of the company. The transaction is still needs to be reviewed and approved by the general meeting of shareholders and the approval from the China Securities Regulatory Commission.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥135, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 332% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥132 per share.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥140, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥128 per share.Major Estimate Revision • Jun 01Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥7.42b to CN¥6.70b. EPS estimate also fell from CN¥5.88 per share to CN¥5.09 per share. Net income forecast to shrink 12% next year vs 40% growth forecast for Chemicals industry in China . Consensus price target down from CN¥143 to CN¥75.00. Share price rose 2.7% to CN¥107 over the past week.Price Target Changed • Apr 27Price target decreased to CN¥143Down from CN¥238, the current price target is an average from 2 analysts. New target price is 52% above last closing price of CN¥94.16. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥5.88 for next year compared to CN¥5.81 last year.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. 2 independent directors (10 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.Buying Opportunity • Apr 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 42%. The fair value is estimated to be CN¥134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥115, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 197% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥134 per share.Reported Earnings • Apr 10Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: CN¥5.81 (up from CN¥1.28 in FY 2020). Revenue: CN¥7.06b (up 58% from FY 2020). Net income: CN¥1.18b (up 354% from FY 2020). Profit margin: 17% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 12%, compared to a 51% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥151, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 561% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥136 per share.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.74 (vs CN¥0.49 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.41b (up 19% from 3Q 2020). Net income: CN¥150.5m (up 51% from 3Q 2020). Profit margin: 11% (up from 8.5% 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 49% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥241, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 1,388% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥116 per share.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥320, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 1,409% over the past three years.Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improved over the past weekAfter last week's 26% share price gain to CN¥286, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 1,355% over the past three years.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥1.78 (vs CN¥0.12 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.96b (up 127% from 2Q 2020). Net income: CN¥359.0m (up CN¥383.6m from 2Q 2020). Profit margin: 18% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥139, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 516% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥65.93 per share.Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥101, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 355% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.98 per share.Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥84.77, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 273% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.89 per share.Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥1.14 (vs CN¥0.09 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.68b (up 94% from 1Q 2020). Net income: CN¥231.9m (up CN¥249.7m from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥75.93, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 280% over the past three years.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥1.28 (vs CN¥1.52 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.48b (down 3.6% from FY 2019). Net income: CN¥259.8m (down 16% from FY 2019). Profit margin: 5.8% (down from 6.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.お知らせ • Mar 05Shandong Shida Shenghua Chemical Group Company Limited to Report Fiscal Year 2020 Results on Mar 30, 2021Shandong Shida Shenghua Chemical Group Company Limited announced that they will report fiscal year 2020 results on Mar 30, 2021Is New 90 Day High Low • Jan 11New 90-day low: CN¥43.29The company is down 11% from its price of CN¥48.47 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.22 per share.Is New 90 Day High Low • Nov 16New 90-day high: CN¥56.31The company is up 52% from its price of CN¥36.95 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.16 per share.Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS CN¥0.49The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥1.18b (down 1.8% from 3Q 2019). Net income: CN¥99.9m (up 28% from 3Q 2019). Profit margin: 8.5% (up from 6.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.お知らせ • Oct 30Shandong Shida Shenghua Chemical Group Company Limited to Report Q3, 2020 Results on Oct 31, 2020Shandong Shida Shenghua Chemical Group Company Limited announced that they will report Q3, 2020 results on Oct 31, 2020お知らせ • Jul 18Qingdao Military-Civilian Integration Development Group Co.,Ltd. and Qingdao Development Zone Investment Construction Group Co., Ltd completed the acquisition of 15% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from China University of Petroleum Holdings Ltd.Qingdao Military-Civilian Integration Development Group Co.,Ltd. and Qingdao Development Zone Investment Construction Group Co., Ltd. entered into an agreement to acquire 15% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from China University of Petroleum Holdings Ltd. for approximately CNY 980 million on March 24, 2020. The transfer price is CNY 32.27 per share. As a part of the transaction, buyers will acquire 30.42 million shares each will acquire 15.2 million shares representing 7.5% stake in Shandong Shida Shenghua Chemical. As of June 29, 2020, Ministry of Finance approved the acquisition. Qingdao Military-Civilian Integration Development Group Co.,Ltd. and Qingdao Development Zone Investment Construction Group Co., Ltd completed the acquisition of 15% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from China University of Petroleum Holdings Ltd. on July 14, 2020お知らせ • Jul 08Shandong Shida Shenghua Chemical Group Company Limited to Report First Half, 2020 Results on Aug 20, 2020Shandong Shida Shenghua Chemical Group Company Limited announced that they will report first half, 2020 results on Aug 20, 2020株主還元603026CN ChemicalsCN 市場7D-8.2%2.3%-1.9%1Y135.2%67.2%28.6%株主還元を見る業界別リターン: 603026過去 1 年間で67.2 % 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: 603026過去 1 年間で28.6 % の収益を上げたCN市場を上回りました。価格変動Is 603026's price volatile compared to industry and market?603026 volatility603026 Average Weekly Movement9.3%Chemicals Industry Average Movement7.0%Market Average Movement6.7%10% most volatile stocks in CN Market10.7%10% least volatile stocks in CN Market4.1%安定した株価: 603026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: 603026の weekly volatility ( 9% ) 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20021,992Haiming Yuwww.sinodmc.com志太新華先進材料集団有限公司は、中国で化学製品の製造・販売を行っている。メチルtert-ブチルエーテル、プロピレンオキシド、ジメチルカーボネート、プロピレンカーボネート、エチレンカーボネート、エチルメチルカーボネート、その他カーボネート製品、六フッ化リン酸リチウム、その他製品。旧社名は新華先進材料集団有限公司で、2024年5月に志太新華先進材料集団有限公司に社名変更。志太新華先進材料集団有限公司は2002年に設立され、中国東営市に本社を置く。もっと見るShida Shinghwa Advanced Material Group Co., Ltd. 基礎のまとめShida Shinghwa Advanced Material Group の収益と売上を時価総額と比較するとどうか。603026 基礎統計学時価総額CN¥20.41b収益（TTM）CN¥326.04m売上高(TTM)CN¥7.45b62.6xPER（株価収益率2.7xP/Sレシオ603026 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603026 損益計算書（TTM）収益CN¥7.45b売上原価CN¥6.55b売上総利益CN¥903.24mその他の費用CN¥577.20m収益CN¥326.04m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）1.40グロス・マージン12.12%純利益率4.38%有利子負債／自己資本比率86.1%603026 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0.05%現在の配当利回り3%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2026/06/29 23:54終値2026/06/29 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Shida Shinghwa Advanced Material Group Co., Ltd. 1 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。4 アナリスト機関Weichen WuCitic Securities Co., Ltd.Wei LiuHaitong International Research LimitedXi LiuHuatai Research1 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥96.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥102, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 54% over the past three years.
New Risk • Apr 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).
New Risk • Apr 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).
New Risk • Apr 10New 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 8.3% 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results.
New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.7x 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥96.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥102, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 54% over the past three years.
New Risk • Apr 30New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).
New Risk • Apr 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).
New Risk • Apr 10New 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 8.3% 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results.
New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.7x 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 (0.7x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.08 in FY 2024)Full year 2025 results: EPS: CN¥0.07 (down from CN¥0.08 in FY 2024). Revenue: CN¥6.81b (up 23% from FY 2024). Net income: CN¥15.9m (down 3.2% from FY 2024). Profit margin: 0.2% (down from 0.3% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 31Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, Apr 20, 2026Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 198, Tongxing Road, Kenli District, Dongying, Shandong China
お知らせ • Mar 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
New Risk • Feb 15New major risk - Revenue and earnings growthEarnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).
お知らせ • Dec 26Shida Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.17 loss in 3Q 2024)Third quarter 2025 results: CN¥0.027 loss per share (improved from CN¥0.17 loss in 3Q 2024). Revenue: CN¥1.62b (up 5.5% from 3Q 2024). Net loss: CN¥5.86m (loss narrowed 78% from 3Q 2024). Revenue is forecast to grow 7.1% 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 122 percentage points per year, which is a significant difference in performance.
New Risk • Oct 30New 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 7.6% 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 Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).
お知らせ • Sep 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 31Second quarter 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.051 profit in 2Q 2024)Second quarter 2025 results: CN¥0.14 loss per share (down from CN¥0.051 profit in 2Q 2024). Revenue: CN¥1.42b (up 1.6% from 2Q 2024). Net loss: CN¥27.8m (down 368% from profit in 2Q 2024). Revenue is forecast to grow 6.9% 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 97 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
New Risk • Apr 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 11Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.09 in FY 2023). Revenue: CN¥5.55b (down 1.6% from FY 2023). Net income: CN¥16.4m (down 12% from FY 2023). Profit margin: 0.3% (in line with FY 2023). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 8.1% 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 69 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 11Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 06, 2025Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: Office Building, No. 198, Tongxing Road, Kenli District, Dongying, Shandong China
お知らせ • Mar 28Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Shida Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025
分析記事 • Nov 22Shida Shinghwa Advanced Material Group Co., Ltd.'s (SHSE:603026) Price Is Right But Growth Is Lacking After Shares Rocket 25%Shida Shinghwa Advanced Material Group Co., Ltd. ( SHSE:603026 ) shares have continued their recent momentum with a 25...
Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.23 profit in 3Q 2023)Third quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.23 profit in 3Q 2023). Revenue: CN¥1.54b (flat on 3Q 2023). Net loss: CN¥26.8m (down 153% from profit in 3Q 2023). Revenue is forecast to grow 7.2% 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 39 percentage points per year, which is a significant difference in performance.
分析記事 • Oct 01Shida Shinghwa Advanced Material Group Co., Ltd. (SHSE:603026) Shares Fly 25% But Investors Aren't Buying For GrowthShida Shinghwa Advanced Material Group Co., Ltd. ( SHSE:603026 ) shares have had a really impressive month, gaining 25...
お知らせ • Sep 30Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
分析記事 • Sep 05Shida Shinghwa Advanced Material Group's (SHSE:603026) Weak Earnings May Only Reveal A Part Of The Whole PictureA lackluster earnings announcement from Shida Shinghwa Advanced Material Group Co., Ltd. ( SHSE:603026 ) last week...
Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.061 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥1.40b (flat on 2Q 2023). Net income: CN¥10.4m (down 8.1% from 2Q 2023). Profit margin: 0.7% (down from 0.8% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 28Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
Declared Dividend • Jun 27Dividend of CN¥0.04 announcedShareholders will receive a dividend of CN¥0.04. Ex-date: 2nd July 2024 Payment date: 2nd July 2024 Dividend yield will be 0.1%, which is lower than the industry average of 2.6%.
分析記事 • May 24Does Shida Shinghwa Advanced Material Group (SHSE:603026) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Apr 27Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥4.39 in FY 2022)Full year 2023 results: EPS: CN¥0.09 (down from CN¥4.39 in FY 2022). Revenue: CN¥5.63b (down 32% from FY 2022). Net income: CN¥18.7m (down 98% from FY 2022). Profit margin: 0.3% (down from 11% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 27Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 16, 2024Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China
分析記事 • Apr 12Shinghwa Advanced Material Group Co., Ltd.'s (SHSE:603026) Revenues Are Not Doing Enough For Some InvestorsShinghwa Advanced Material Group Co., Ltd.'s ( SHSE:603026 ) price-to-sales (or "P/S") ratio of 1.5x might make it look...
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥38.62, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 41% over the past three years.
お知らせ • Mar 30Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥34.57, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 48% over the past three years.
New Risk • Jan 16New 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 6.2% 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 Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin).
お知らせ • Dec 30Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥1.04 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (down from CN¥1.04 in 3Q 2022). Revenue: CN¥1.54b (down 54% from 3Q 2022). Net income: CN¥50.9m (down 76% from 3Q 2022). Profit margin: 3.3% (down from 6.4% in 3Q 2022). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year.
Board Change • Oct 05Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. 2 highly experienced directors. 2 independent directors (3 non-independent directors). GM & Director Haiming Yu is the most experienced director on the board, commencing their role in 2006. Independent Director Sheng Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Sep 30Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.99 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.99 in 2Q 2022). Revenue: CN¥1.40b (down 18% from 2Q 2022). Net income: CN¥11.3m (down 94% from 2Q 2022). Profit margin: 0.8% (down from 12% in 2Q 2022). Revenue is forecast to grow 37% 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 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jul 21Consensus EPS estimates fall by 19%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥5.98 to CN¥4.83. Revenue forecast unchanged from CN¥10.5b at last update. Net income forecast to grow 145% next year vs 47% growth forecast for Chemicals industry in China. Consensus price target of CN¥82.06 unchanged from last update. Share price rose 2.8% to CN¥60.00 over the past week.
お知らせ • Jun 28Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023
New Risk • Jun 23New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.6% net profit margin).
Price Target Changed • Feb 28Price target decreased by 9.4% to CN¥91.78Down from CN¥101, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥92.46. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥4.93 for next year compared to CN¥1.28 last year.
Buying Opportunity • Dec 21Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.2%. The fair value is estimated to be CN¥119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Buying Opportunity • Nov 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Price Target Changed • Nov 16Price target decreased to CN¥102Down from CN¥110, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥107. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥4.93 for next year compared to CN¥1.28 last year.
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. 12 experienced directors. No highly experienced directors. 2 independent directors (10 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.
Price Target Changed • Nov 05Price target decreased to CN¥102Down from CN¥110, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥104. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥4.93 for next year compared to CN¥1.28 last year.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.74 in 3Q 2021)Third quarter 2022 results: EPS: CN¥1.04 (up from CN¥0.74 in 3Q 2021). Revenue: CN¥3.32b (up 136% from 3Q 2021). Net income: CN¥210.9m (up 40% from 3Q 2021). Profit margin: 6.4% (down from 11% in 3Q 2021). 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 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be CN¥121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 35% per annum. Earnings is also forecast to grow by 26% per annum over the same time period.
Buying Opportunity • Sep 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.99 (vs CN¥1.78 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.99 (down from CN¥1.78 in 2Q 2021). Revenue: CN¥1.71b (down 13% from 2Q 2021). Net income: CN¥200.8m (down 44% from 2Q 2021). Profit margin: 12% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 33% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 15Shandong Shida Shenghua Chemical Group Company Limited announced that it expects to receive CNY 4.5 billion in fundingShandong Shida Shenghua Chemical Group Company Limited announced that it will issue not more than 60,804,000 A shares for total gross proceeds of not more than CNY 4,500,000,000 on July 14, 2022. The transaction will include participation from no more than 35 specific investors, which may include securities investment fund management companies, securities companies, insurance institutional investors, trust companies, financial companies, asset management companies, qualified foreign institutional investors, qualified foreign institutional investors and other legal persons, natural persons or other qualified investors among them, securities investment fund management companies, securities companies, qualified foreign institutional investors, and qualified foreign institutional investors. The issue price for the shares to be issued in the private placement shall not be lower than 80% of the average stock price 20 trading days before the pricing reference date. All the securities issued in the transaction will subject to a hold period of six months. The transaction has been approved in the twentieth meeting of the seventh session of the board of directors and approved at the tenth meeting of the seventh board of supervisors of the company. The transaction is still needs to be reviewed and approved by the general meeting of shareholders and the approval from the China Securities Regulatory Commission.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥135, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 332% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥132 per share.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥140, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥128 per share.
Major Estimate Revision • Jun 01Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥7.42b to CN¥6.70b. EPS estimate also fell from CN¥5.88 per share to CN¥5.09 per share. Net income forecast to shrink 12% next year vs 40% growth forecast for Chemicals industry in China . Consensus price target down from CN¥143 to CN¥75.00. Share price rose 2.7% to CN¥107 over the past week.
Price Target Changed • Apr 27Price target decreased to CN¥143Down from CN¥238, the current price target is an average from 2 analysts. New target price is 52% above last closing price of CN¥94.16. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥5.88 for next year compared to CN¥5.81 last year.
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. 2 independent directors (10 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.
Buying Opportunity • Apr 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 42%. The fair value is estimated to be CN¥134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥115, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 197% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥134 per share.
Reported Earnings • Apr 10Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: CN¥5.81 (up from CN¥1.28 in FY 2020). Revenue: CN¥7.06b (up 58% from FY 2020). Net income: CN¥1.18b (up 354% from FY 2020). Profit margin: 17% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 12%, compared to a 51% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥151, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 561% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥136 per share.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.74 (vs CN¥0.49 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.41b (up 19% from 3Q 2020). Net income: CN¥150.5m (up 51% from 3Q 2020). Profit margin: 11% (up from 8.5% 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 49% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥241, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 1,388% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥116 per share.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥320, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 1,409% over the past three years.
Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improved over the past weekAfter last week's 26% share price gain to CN¥286, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 1,355% over the past three years.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥1.78 (vs CN¥0.12 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.96b (up 127% from 2Q 2020). Net income: CN¥359.0m (up CN¥383.6m from 2Q 2020). Profit margin: 18% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 131% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥139, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 516% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥65.93 per share.
Valuation Update With 7 Day Price Move • Jun 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥101, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 355% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.98 per share.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥84.77, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 273% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.89 per share.
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥1.14 (vs CN¥0.09 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.68b (up 94% from 1Q 2020). Net income: CN¥231.9m (up CN¥249.7m from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥75.93, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 280% over the past three years.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥1.28 (vs CN¥1.52 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.48b (down 3.6% from FY 2019). Net income: CN¥259.8m (down 16% from FY 2019). Profit margin: 5.8% (down from 6.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
お知らせ • Mar 05Shandong Shida Shenghua Chemical Group Company Limited to Report Fiscal Year 2020 Results on Mar 30, 2021Shandong Shida Shenghua Chemical Group Company Limited announced that they will report fiscal year 2020 results on Mar 30, 2021
Is New 90 Day High Low • Jan 11New 90-day low: CN¥43.29The company is down 11% from its price of CN¥48.47 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.22 per share.
Is New 90 Day High Low • Nov 16New 90-day high: CN¥56.31The company is up 52% from its price of CN¥36.95 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.16 per share.
Reported Earnings • Nov 04Third quarter 2020 earnings released: EPS CN¥0.49The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥1.18b (down 1.8% from 3Q 2019). Net income: CN¥99.9m (up 28% from 3Q 2019). Profit margin: 8.5% (up from 6.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
お知らせ • Oct 30Shandong Shida Shenghua Chemical Group Company Limited to Report Q3, 2020 Results on Oct 31, 2020Shandong Shida Shenghua Chemical Group Company Limited announced that they will report Q3, 2020 results on Oct 31, 2020
お知らせ • Jul 18Qingdao Military-Civilian Integration Development Group Co.,Ltd. and Qingdao Development Zone Investment Construction Group Co., Ltd completed the acquisition of 15% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from China University of Petroleum Holdings Ltd.Qingdao Military-Civilian Integration Development Group Co.,Ltd. and Qingdao Development Zone Investment Construction Group Co., Ltd. entered into an agreement to acquire 15% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from China University of Petroleum Holdings Ltd. for approximately CNY 980 million on March 24, 2020. The transfer price is CNY 32.27 per share. As a part of the transaction, buyers will acquire 30.42 million shares each will acquire 15.2 million shares representing 7.5% stake in Shandong Shida Shenghua Chemical. As of June 29, 2020, Ministry of Finance approved the acquisition. Qingdao Military-Civilian Integration Development Group Co.,Ltd. and Qingdao Development Zone Investment Construction Group Co., Ltd completed the acquisition of 15% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from China University of Petroleum Holdings Ltd. on July 14, 2020
お知らせ • Jul 08Shandong Shida Shenghua Chemical Group Company Limited to Report First Half, 2020 Results on Aug 20, 2020Shandong Shida Shenghua Chemical Group Company Limited announced that they will report first half, 2020 results on Aug 20, 2020
