Fujian Kuncai Material Technology（603826）株式概要福建君才材料技術有限公司 詳細603826 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長6/6過去の実績0/6財務の健全性1/6配当金2/6報酬収益は年間72.25%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 0.48%の配当は利益で十分にカバーされていない すべてのリスクチェックを見る603826 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¥31.0817.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-42m17b2016201920222025202620282031Revenue CN¥16.7bEarnings CN¥1.5bAdvancedSet Fair ValueView all narrativesFujian Kuncai Material Technology Co., Ltd. 競合他社Shaanxi Huaqin Technology IndustryLtdSymbol: SHSE:688281Market cap: CN¥20.4bGCH TechnologySymbol: SHSE:688625Market cap: CN¥24.5bShanghai Skychem TechnologySymbol: SHSE:688603Market cap: CN¥24.1bShenzhen RongDa Photosensitive Science & TechnologySymbol: SZSE:300576Market cap: CN¥20.1b価格と性能株価の高値、安値、推移の概要Fujian Kuncai Material Technology過去の株価現在の株価CN¥31.0852週高値CN¥38.0052週安値CN¥15.81ベータ0.00351ヶ月の変化-14.64%3ヶ月変化35.31%1年変化63.41%3年間の変化-11.20%5年間の変化11.31%IPOからの変化478.38%最新ニュースNew Risk • May 12New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.8% average weekly change).New Risk • Apr 24New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).Reported Earnings • Apr 23First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.036 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.036 in 1Q 2025). Revenue: CN¥412.3m (up 60% from 1Q 2025). Net income: CN¥74.3m (up 212% from 1Q 2025). Profit margin: 18% (up from 9.3% in 1Q 2025). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 23Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian Chinaお知らせ • Mar 30Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin).最新情報をもっと見るRecent updatesNew Risk • May 12New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.8% average weekly change).New Risk • Apr 24New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).Reported Earnings • Apr 23First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.036 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.036 in 1Q 2025). Revenue: CN¥412.3m (up 60% from 1Q 2025). Net income: CN¥74.3m (up 212% from 1Q 2025). Profit margin: 18% (up from 9.3% in 1Q 2025). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 23Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian Chinaお知らせ • Mar 30Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin).お知らせ • Dec 26Fujian Kuncai Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Fujian Kuncai Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.018 (vs CN¥0.025 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.018 (down from CN¥0.025 in 3Q 2024). Revenue: CN¥283.5m (up 8.3% from 3Q 2024). Net income: CN¥11.7m (down 28% from 3Q 2024). Profit margin: 4.1% (down from 6.2% in 3Q 2024). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year.お知らせ • Sep 30Fujian Kuncai Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Major Estimate Revision • Sep 26Consensus revenue estimates fall by 72%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.77b to CN¥1.32b. EPS estimate fell from CN¥1.63 to CN¥0.17 per share. Net income forecast to grow 342% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target down from CN¥45.00 to CN¥22.00. Share price fell 2.3% to CN¥18.88 over the past week.Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.039 (vs CN¥0.036 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.039 (up from CN¥0.036 in 2Q 2024). Revenue: CN¥314.6m (up 14% from 2Q 2024). Net income: CN¥25.6m (up 7.2% from 2Q 2024). Profit margin: 8.1% (down from 8.6% in 2Q 2024). Revenue is forecast to grow 25% 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, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 22% per year.お知らせ • Jun 30Fujian Kuncai Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025お知らせ • May 13Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, Jun 12, 2025Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, Jun 12, 2025, at 14:30 China Standard Time. Location: The Company Wholly-owned Subsidiary's Meeting Room, Fuqing, Fujian ChinaReported Earnings • Apr 28First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: CN¥257.8m (up 1.1% from 1Q 2024). Net income: CN¥23.9m (up 18% from 1Q 2024). Profit margin: 9.3% (up from 8.0% in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.分析記事 • Mar 31Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Not Lagging Industry On Growth Or PricingWhen close to half the companies in the Chemicals industry in China have price-to-sales ratios (or "P/S") below 2.4x...お知らせ • Mar 28Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025分析記事 • Mar 09Returns On Capital Signal Tricky Times Ahead For Fujian Kuncai Material Technology (SHSE:603826)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Dec 30Is Fujian Kuncai Material Technology (SHSE:603826) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Dec 27Fujian Kuncai Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025分析記事 • Nov 24With A 25% Price Drop For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) You'll Still Get What You Pay ForUnfortunately for some shareholders, the Fujian Kuncai Material Technology Co., Ltd. ( SHSE:603826 ) share price has...New Risk • Nov 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Large one-off items impacting financial results.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.042 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.042 in 3Q 2023). Revenue: CN¥261.7m (up 23% from 3Q 2023). Net income: CN¥16.2m (down 41% from 3Q 2023). Profit margin: 6.2% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.分析記事 • Oct 23There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Major Estimate Revision • Oct 01Consensus revenue estimates fall by 60%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.32b to CN¥1.34b. EPS estimate fell from CN¥1.30 to CN¥0.18 per share. Net income forecast to grow 549% next year vs 45% growth forecast for Chemicals industry in China. Consensus price target down from CN¥46.43 to CN¥45.00. Share price rose 14% to CN¥31.25 over the past week.お知らせ • Sep 30Fujian Kuncai Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024分析記事 • Sep 17Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Aug 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.9% average weekly change).Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: CN¥0.085 (vs CN¥0.036 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.085. Revenue: CN¥276.9m (up 41% from 2Q 2023). Net income: CN¥23.8m (flat on 2Q 2023). Profit margin: 8.6% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 91% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China.分析記事 • Jul 23Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Stocks Pounded By 25% But Not Lagging Industry On Growth Or PricingFujian Kuncai Material Technology Co., Ltd. ( SHSE:603826 ) shares have had a horrible month, losing 25% after a...分析記事 • Jul 16Fujian Kuncai Material Technology (SHSE:603826) Will Want To Turn Around Its Return TrendsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...お知らせ • Jun 29Fujian Kuncai Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 10, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 10, 2024分析記事 • Jun 07Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • May 21The Price Is Right For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826)When you see that almost half of the companies in the Chemicals industry in China have price-to-sales ratios (or "P/S...お知らせ • Apr 27Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 16, 2024Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company Wholly-owned Subsidiary's Meeting Room, Fuqing, Fujian ChinaMajor Estimate Revision • Apr 22Consensus revenue estimates decrease by 22%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥4.25b to CN¥3.32b. EPS estimate increased from CN¥1.63 to CN¥1.82 per share. Net income forecast to grow 914% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target of CN¥65.00 unchanged from last update. Share price rose 6.4% to CN¥43.75 over the past week.Reported Earnings • Apr 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.18 (down from CN¥0.19 in FY 2022). Revenue: CN¥829.0m (up 1.2% from FY 2022). Net income: CN¥83.9m (down 4.6% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 73% 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, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Apr 08There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...お知らせ • Mar 30Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024お知らせ • Dec 29Fujian Kuncai Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024New Risk • Oct 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Large one-off items impacting financial results.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.05 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.059 (up from CN¥0.05 in 3Q 2022). Revenue: CN¥212.7m (down 14% from 3Q 2022). Net income: CN¥27.7m (up 19% from 3Q 2022). Profit margin: 13% (up from 9.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 67% 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 fallen by 30% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: CN¥0.051 (vs CN¥0.065 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.051 (down from CN¥0.065 in 2Q 2022). Revenue: CN¥196.7m (down 4.9% from 2Q 2022). Net income: CN¥23.9m (down 21% from 2Q 2022). Profit margin: 12% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 50% 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 fallen by 24% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.029 (vs CN¥0.057 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.029 (down from CN¥0.057 in 1Q 2022). Revenue: CN¥241.9m (up 22% from 1Q 2022). Net income: CN¥13.5m (down 50% from 1Q 2022). Profit margin: 5.6% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.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. 8 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.089 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.089 in 3Q 2021). Revenue: CN¥247.0m (up 16% from 3Q 2021). Net income: CN¥23.3m (down 44% from 3Q 2021). Profit margin: 9.4% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.065 (vs CN¥0.092 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.065 (down from CN¥0.092 in 2Q 2021). Revenue: CN¥206.9m (down 14% from 2Q 2021). Net income: CN¥30.4m (down 29% from 2Q 2021). Profit margin: 15% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.057 (down from CN¥0.094 in 1Q 2021). Revenue: CN¥198.8m (down 7.0% from 1Q 2021). Net income: CN¥26.7m (down 39% from 1Q 2021). Profit margin: 13% (down from 21% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.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. 8 experienced directors. No highly experienced directors. 2 independent directors (3 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.お知らせ • Apr 15Fujian Kuncai Material Technology Co., Ltd. announced that it expects to receive CNY 3.85 billion in fundingFujian Kuncai Material Technology Co., Ltd. announced a private placement of not more than 60,000,000 shares for gross proceeds of not more than CNY 3,850,000,000 on April 13, 2022. The transaction will include participation from not more than 35 investors including, securities investment fund management companies, securities companies, asset management companies, trust investment companies, financial companies, insurance institutional investors, and qualified foreign institutions Investors, other legal person investors and natural persons. The pricing base date of this offering is the first day of the company's non-public offering of shares. The number of shares in this non-public offering shall not exceed 30% of the company's total share capital. The issue price of this offering shall not be lower than 80% of the company's average stock trading price in the 20 trading days prior to the pricing benchmark date. The shares will not be transferred within six months from the date of the end of the transaction. The transaction has been reviewed and approved at ninth meeting of the third board of directors and subject to the approval of the shareholders, and China Securities Regulatory Commission.Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.31 (down from CN¥0.34 in FY 2020). Revenue: CN¥893.1m (up 19% from FY 2020). Net income: CN¥143.7m (down 8.5% from FY 2020). Profit margin: 16% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.089 (vs CN¥0.11 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥212.4m (up 6.3% from 3Q 2020). Net income: CN¥41.7m (down 16% from 3Q 2020). Profit margin: 20% (down from 25% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.068 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥241.8m (up 45% from 2Q 2020). Net income: CN¥42.9m (up 34% from 2Q 2020). Profit margin: 18% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings.Reported Earnings • Apr 27First quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.076 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥213.8m (up 29% from 1Q 2020). Net income: CN¥44.0m (up 25% from 1Q 2020). Profit margin: 21% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Jan 26New 90-day low: CN¥33.06The company is down 10.0% from its price of CN¥36.93 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 24% over the same period.Is New 90 Day High Low • Nov 10New 90-day high: CN¥38.99The company is up 49% from its price of CN¥26.20 on 12 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥148.6m, down 4.5% from the prior year. Total revenue was CN¥710.6m over the last 12 months, up 21% from the prior year.Is New 90 Day High Low • Oct 21New 90-day high: CN¥36.30The company is up 17% from its price of CN¥31.05 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period.お知らせ • Jul 09Fujian Kuncai Material Technology Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020Fujian Kuncai Material Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020株主還元603826CN ChemicalsCN 市場7D-1.2%6.0%5.7%1Y63.4%69.1%34.9%株主還元を見る業界別リターン: 603826過去 1 年間で69.1 % の収益を上げたCN Chemicals業界を下回りました。リターン対市場: 603826過去 1 年間で34.9 % の収益を上げたCN市場を上回りました。価格変動Is 603826's price volatile compared to industry and market?603826 volatility603826 Average Weekly Movement8.3%Chemicals Industry Average Movement7.1%Market Average Movement6.7%10% most volatile stocks in CN Market10.6%10% least volatile stocks in CN Market4.4%安定した株価: 603826 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 603826の 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1999827Bing Kun Xiewww.fjkuncai.com福建昆彩材料科技有限公司は、合成雲母ベースの顔料を開発し、中国および海外で製造している。自動車用塗料、プラスチック、化粧品、印刷インキ、工業用塗料、消費財、種子用塗料、紙用塗料、セラミック・ガラス、複合材料、パーソナルケア製品、その他産業用の顔料を提供している。Fujian Kuncai Material Technology Co., Ltd.は1999年に設立され、中国の福州を拠点としている。もっと見るFujian Kuncai Material Technology Co., Ltd. 基礎のまとめFujian Kuncai Material Technology の収益と売上を時価総額と比較するとどうか。603826 基礎統計学時価総額CN¥20.36b収益（TTM）-CN¥41.61m売上高(TTM)CN¥1.41b14.4xP/Sレシオ-489.3xPER（株価収益率603826 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603826 損益計算書（TTM）収益CN¥1.41b売上原価CN¥1.38b売上総利益CN¥30.44mその他の費用CN¥72.06m収益-CN¥41.61m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.064グロス・マージン2.15%純利益率-2.94%有利子負債／自己資本比率97.2%603826 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0.5%現在の配当利回り-236%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2026/06/19 19:42終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Fujian Kuncai Material Technology 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。2 アナリスト機関Zhe WangCitic Securities Co., Ltd.Changsheng ShengTianfeng Securities Brokerage Co., Ltd
New Risk • May 12New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.8% average weekly change).
New Risk • Apr 24New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).
Reported Earnings • Apr 23First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.036 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.036 in 1Q 2025). Revenue: CN¥412.3m (up 60% from 1Q 2025). Net income: CN¥74.3m (up 212% from 1Q 2025). Profit margin: 18% (up from 9.3% in 1Q 2025). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 23Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China
お知らせ • Mar 30Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin).
New Risk • May 12New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.8% average weekly change).
New Risk • Apr 24New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change).
Reported Earnings • Apr 23First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.036 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.036 in 1Q 2025). Revenue: CN¥412.3m (up 60% from 1Q 2025). Net income: CN¥74.3m (up 212% from 1Q 2025). Profit margin: 18% (up from 9.3% in 1Q 2025). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 23Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China
お知らせ • Mar 30Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin).
お知らせ • Dec 26Fujian Kuncai Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Fujian Kuncai Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026
Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.018 (vs CN¥0.025 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.018 (down from CN¥0.025 in 3Q 2024). Revenue: CN¥283.5m (up 8.3% from 3Q 2024). Net income: CN¥11.7m (down 28% from 3Q 2024). Profit margin: 4.1% (down from 6.2% in 3Q 2024). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year.
お知らせ • Sep 30Fujian Kuncai Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Major Estimate Revision • Sep 26Consensus revenue estimates fall by 72%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.77b to CN¥1.32b. EPS estimate fell from CN¥1.63 to CN¥0.17 per share. Net income forecast to grow 342% next year vs 51% growth forecast for Chemicals industry in China. Consensus price target down from CN¥45.00 to CN¥22.00. Share price fell 2.3% to CN¥18.88 over the past week.
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.039 (vs CN¥0.036 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.039 (up from CN¥0.036 in 2Q 2024). Revenue: CN¥314.6m (up 14% from 2Q 2024). Net income: CN¥25.6m (up 7.2% from 2Q 2024). Profit margin: 8.1% (down from 8.6% in 2Q 2024). Revenue is forecast to grow 25% 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, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 22% per year.
お知らせ • Jun 30Fujian Kuncai Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025
お知らせ • May 13Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, Jun 12, 2025Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, Jun 12, 2025, at 14:30 China Standard Time. Location: The Company Wholly-owned Subsidiary's Meeting Room, Fuqing, Fujian China
Reported Earnings • Apr 28First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: CN¥257.8m (up 1.1% from 1Q 2024). Net income: CN¥23.9m (up 18% from 1Q 2024). Profit margin: 9.3% (up from 8.0% in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
分析記事 • Mar 31Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Not Lagging Industry On Growth Or PricingWhen close to half the companies in the Chemicals industry in China have price-to-sales ratios (or "P/S") below 2.4x...
お知らせ • Mar 28Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
分析記事 • Mar 09Returns On Capital Signal Tricky Times Ahead For Fujian Kuncai Material Technology (SHSE:603826)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Dec 30Is Fujian Kuncai Material Technology (SHSE:603826) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Dec 27Fujian Kuncai Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Fujian Kuncai Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
分析記事 • Nov 24With A 25% Price Drop For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) You'll Still Get What You Pay ForUnfortunately for some shareholders, the Fujian Kuncai Material Technology Co., Ltd. ( SHSE:603826 ) share price has...
New Risk • Nov 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.042 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.042 in 3Q 2023). Revenue: CN¥261.7m (up 23% from 3Q 2023). Net income: CN¥16.2m (down 41% from 3Q 2023). Profit margin: 6.2% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
分析記事 • Oct 23There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Major Estimate Revision • Oct 01Consensus revenue estimates fall by 60%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.32b to CN¥1.34b. EPS estimate fell from CN¥1.30 to CN¥0.18 per share. Net income forecast to grow 549% next year vs 45% growth forecast for Chemicals industry in China. Consensus price target down from CN¥46.43 to CN¥45.00. Share price rose 14% to CN¥31.25 over the past week.
お知らせ • Sep 30Fujian Kuncai Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
分析記事 • Sep 17Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Aug 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.9% average weekly change).
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: CN¥0.085 (vs CN¥0.036 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.085. Revenue: CN¥276.9m (up 41% from 2Q 2023). Net income: CN¥23.8m (flat on 2Q 2023). Profit margin: 8.6% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 91% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China.
分析記事 • Jul 23Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Stocks Pounded By 25% But Not Lagging Industry On Growth Or PricingFujian Kuncai Material Technology Co., Ltd. ( SHSE:603826 ) shares have had a horrible month, losing 25% after a...
分析記事 • Jul 16Fujian Kuncai Material Technology (SHSE:603826) Will Want To Turn Around Its Return TrendsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
お知らせ • Jun 29Fujian Kuncai Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 10, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 10, 2024
分析記事 • Jun 07Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • May 21The Price Is Right For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826)When you see that almost half of the companies in the Chemicals industry in China have price-to-sales ratios (or "P/S...
お知らせ • Apr 27Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 16, 2024Fujian Kuncai Material Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company Wholly-owned Subsidiary's Meeting Room, Fuqing, Fujian China
Major Estimate Revision • Apr 22Consensus revenue estimates decrease by 22%, EPS upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥4.25b to CN¥3.32b. EPS estimate increased from CN¥1.63 to CN¥1.82 per share. Net income forecast to grow 914% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target of CN¥65.00 unchanged from last update. Share price rose 6.4% to CN¥43.75 over the past week.
Reported Earnings • Apr 17Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.18 (down from CN¥0.19 in FY 2022). Revenue: CN¥829.0m (up 1.2% from FY 2022). Net income: CN¥83.9m (down 4.6% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 73% 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, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Apr 08There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
お知らせ • Mar 30Fujian Kuncai Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
お知らせ • Dec 29Fujian Kuncai Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Fujian Kuncai Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024
New Risk • Oct 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.05 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.059 (up from CN¥0.05 in 3Q 2022). Revenue: CN¥212.7m (down 14% from 3Q 2022). Net income: CN¥27.7m (up 19% from 3Q 2022). Profit margin: 13% (up from 9.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 67% 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 fallen by 30% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: CN¥0.051 (vs CN¥0.065 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.051 (down from CN¥0.065 in 2Q 2022). Revenue: CN¥196.7m (down 4.9% from 2Q 2022). Net income: CN¥23.9m (down 21% from 2Q 2022). Profit margin: 12% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 50% 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 fallen by 24% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.029 (vs CN¥0.057 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.029 (down from CN¥0.057 in 1Q 2022). Revenue: CN¥241.9m (up 22% from 1Q 2022). Net income: CN¥13.5m (down 50% from 1Q 2022). Profit margin: 5.6% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
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. 8 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.089 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.089 in 3Q 2021). Revenue: CN¥247.0m (up 16% from 3Q 2021). Net income: CN¥23.3m (down 44% from 3Q 2021). Profit margin: 9.4% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.065 (vs CN¥0.092 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.065 (down from CN¥0.092 in 2Q 2021). Revenue: CN¥206.9m (down 14% from 2Q 2021). Net income: CN¥30.4m (down 29% from 2Q 2021). Profit margin: 15% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.057 (down from CN¥0.094 in 1Q 2021). Revenue: CN¥198.8m (down 7.0% from 1Q 2021). Net income: CN¥26.7m (down 39% from 1Q 2021). Profit margin: 13% (down from 21% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.
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. 8 experienced directors. No highly experienced directors. 2 independent directors (3 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.
お知らせ • Apr 15Fujian Kuncai Material Technology Co., Ltd. announced that it expects to receive CNY 3.85 billion in fundingFujian Kuncai Material Technology Co., Ltd. announced a private placement of not more than 60,000,000 shares for gross proceeds of not more than CNY 3,850,000,000 on April 13, 2022. The transaction will include participation from not more than 35 investors including, securities investment fund management companies, securities companies, asset management companies, trust investment companies, financial companies, insurance institutional investors, and qualified foreign institutions Investors, other legal person investors and natural persons. The pricing base date of this offering is the first day of the company's non-public offering of shares. The number of shares in this non-public offering shall not exceed 30% of the company's total share capital. The issue price of this offering shall not be lower than 80% of the company's average stock trading price in the 20 trading days prior to the pricing benchmark date. The shares will not be transferred within six months from the date of the end of the transaction. The transaction has been reviewed and approved at ninth meeting of the third board of directors and subject to the approval of the shareholders, and China Securities Regulatory Commission.
Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.31 (down from CN¥0.34 in FY 2020). Revenue: CN¥893.1m (up 19% from FY 2020). Net income: CN¥143.7m (down 8.5% from FY 2020). Profit margin: 16% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.089 (vs CN¥0.11 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥212.4m (up 6.3% from 3Q 2020). Net income: CN¥41.7m (down 16% from 3Q 2020). Profit margin: 20% (down from 25% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.068 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥241.8m (up 45% from 2Q 2020). Net income: CN¥42.9m (up 34% from 2Q 2020). Profit margin: 18% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 27First quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.076 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥213.8m (up 29% from 1Q 2020). Net income: CN¥44.0m (up 25% from 1Q 2020). Profit margin: 21% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Jan 26New 90-day low: CN¥33.06The company is down 10.0% from its price of CN¥36.93 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 24% over the same period.
Is New 90 Day High Low • Nov 10New 90-day high: CN¥38.99The company is up 49% from its price of CN¥26.20 on 12 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥148.6m, down 4.5% from the prior year. Total revenue was CN¥710.6m over the last 12 months, up 21% from the prior year.
Is New 90 Day High Low • Oct 21New 90-day high: CN¥36.30The company is up 17% from its price of CN¥31.05 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period.
お知らせ • Jul 09Fujian Kuncai Material Technology Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020Fujian Kuncai Material Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020
