Explosive（002096）株式概要Explosive Co., Ltd.は、その子会社とともに、中国において民間爆薬および軍需製品の研究・開発・製造・販売、エンジニアリング発破サービス、その他の事業を行っている。 詳細002096 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1/6過去の実績2/6財務の健全性6/6配当金5/6報酬株価収益率（ 18.9 x） CN市場（ 50 x）を下回っています。収益は年間17.47%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析不安定な配当実績 すべてのリスクチェックを見る002096 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¥11.1927.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture018b2016201920222025202620282031Revenue CN¥18.5bEarnings CN¥1.4bAdvancedSet Fair ValueView all narrativesFeatured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.0% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative14.8kusers have viewed this narrative41users have liked this narrative1users have commented on this narrative284users have followed this narrativeRead narrativeExplosive Co., Ltd. 競合他社Befar GroupLtdSymbol: SHSE:601678Market cap: CN¥10.2bPoly Plastic Masterbatch (SuZhou)LtdSymbol: SZSE:300905Market cap: CN¥11.5bShandong Dawn PolymerLtdSymbol: SZSE:002838Market cap: CN¥16.4bDarbond TechnologySymbol: SHSE:688035Market cap: CN¥11.1b価格と性能株価の高値、安値、推移の概要Explosive過去の株価現在の株価CN¥11.1952週高値CN¥17.0652週安値CN¥10.79ベータ0.481ヶ月の変化-0.44%3ヶ月変化-18.44%1年変化-11.05%3年間の変化-10.41%5年間の変化45.70%IPOからの変化207.98%最新ニュースReported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.087 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.087 (down from CN¥0.13 in 1Q 2025). Revenue: CN¥1.84b (down 8.2% from 1Q 2025). Net income: CN¥107.5m (down 35% from 1Q 2025). Profit margin: 5.8% (down from 8.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% 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 increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 30Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan Chinaお知らせ • Mar 31Explosive Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Explosive Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Reported Earnings • Mar 30Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.64 (up from CN¥0.57 in FY 2024). Revenue: CN¥9.83b (up 15% from FY 2024). Net income: CN¥792.6m (up 11% from FY 2024). Profit margin: 8.1% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 9.7% 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 increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Dec 31Explosive Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Explosive Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.64b (up 11% from 3Q 2024). Net income: CN¥235.5m (up 36% from 3Q 2024). Profit margin: 8.9% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesReported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.087 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.087 (down from CN¥0.13 in 1Q 2025). Revenue: CN¥1.84b (down 8.2% from 1Q 2025). Net income: CN¥107.5m (down 35% from 1Q 2025). Profit margin: 5.8% (down from 8.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% 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 increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 30Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan Chinaお知らせ • Mar 31Explosive Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Explosive Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Reported Earnings • Mar 30Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.64 (up from CN¥0.57 in FY 2024). Revenue: CN¥9.83b (up 15% from FY 2024). Net income: CN¥792.6m (up 11% from FY 2024). Profit margin: 8.1% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 9.7% 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 increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Dec 31Explosive Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Explosive Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.64b (up 11% from 3Q 2024). Net income: CN¥235.5m (up 36% from 3Q 2024). Profit margin: 8.9% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 30Explosive Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Explosive Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.17 in 2Q 2024). Revenue: CN¥2.70b (up 26% from 2Q 2024). Net income: CN¥243.5m (up 13% from 2Q 2024). Profit margin: 9.0% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% 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 remained flat, which means it is significantly lagging earnings.Price Target Changed • Aug 14Price target increased by 11% to CN¥16.68Up from CN¥15.00, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥13.86. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.57 last year.New Risk • Jul 25New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.51, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.78 per share.お知らせ • Jul 02Explosive Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Explosive Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025Buy Or Sell Opportunity • Jun 10Now 20% undervaluedOver the last 90 days, the stock has risen 2.6% to CN¥12.07. The fair value is estimated to be CN¥15.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.お知らせ • Jun 06Explosive Co., Ltd., Annual General Meeting, Jun 26, 2025Explosive Co., Ltd., Annual General Meeting, Jun 26, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan ChinaBuy Or Sell Opportunity • May 15Now 21% undervaluedOver the last 90 days, the stock has risen 10% to CN¥11.75. The fair value is estimated to be CN¥14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.Reported Earnings • May 01First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.11 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥2.01b (up 13% from 1Q 2024). Net income: CN¥165.2m (up 23% from 1Q 2024). Profit margin: 8.2% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 01Explosive Co., Ltd. Proposes Final Cash Dividend for the Year 2024Explosive Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 2.3 for the year 2024.お知らせ • Mar 31Explosive Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Explosive Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 31Explosive Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025Explosive Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025New Risk • Dec 30New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 40% 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 Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin).分析記事 • Nov 13The Returns On Capital At Explosive (SZSE:002096) Don't Inspire ConfidenceIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...お知らせ • Sep 30Explosive Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Explosive Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024分析記事 • Jul 26Returns On Capital At Explosive (SZSE:002096) Paint A Concerning PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...お知らせ • Jun 29Explosive Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024Explosive Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024Price Target Changed • May 29Price target increased by 15% to CN¥15.28Up from CN¥13.33, the current price target is an average from 2 analysts. New target price is 18% above last closing price of CN¥12.95. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of CN¥0.50 for next year compared to CN¥0.13 last year.お知らせ • May 11Explosive Co., Ltd. Announces Cash Dividend of A Share for the Year 2023, Payable on May 17, 2024Explosive Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 2.05000000 of A share for the year 2023. Record date is May 16, 2024. Ex-date is May 17, 2024. Payment date is May 17, 2024.分析記事 • Apr 22Market Participants Recognise Explosive Co., Ltd.'s (SZSE:002096) EarningsExplosive Co., Ltd.'s ( SZSE:002096 ) price-to-earnings (or "P/E") ratio of 69.7x might make it look like a strong sell...お知らせ • Mar 30Explosive Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Explosive Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024お知らせ • Mar 29Explosive Co., Ltd., Annual General Meeting, Apr 19, 2024Explosive Co., Ltd., Annual General Meeting, Apr 19, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China分析記事 • Mar 25Explosive (SZSE:002096) Is Experiencing Growth In Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.01, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in China. Total returns to shareholders of 42% over the past three years.お知らせ • Dec 29Explosive Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024Explosive Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥10.54, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 47% over the past three years.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.04 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.04 in 3Q 2022). Revenue: CN¥2.29b (up 317% from 3Q 2022). Net income: CN¥169.5m (up CN¥154.2m from 3Q 2022). Profit margin: 7.4% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Sep 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 52% 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 Shareholders have been substantially diluted in the past year (226% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.092 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.092 in 2Q 2022). Revenue: CN¥2.30b (up 285% from 2Q 2022). Net income: CN¥174.7m (up 401% from 2Q 2022). Profit margin: 7.6% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 27Hunan Nanling Industrial Explosive Materials Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 30, 2023Hunan Nanling Industrial Explosive Materials Co., Ltd. announced final cash dividend of CNY 0.30 per 10 shares on A shares for the year 2022. Record date is June 29, 2023, Ex-Date is June 30, 2023 and Payment Date is June 30, 2023.お知らせ • May 24Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves 2022 Profit Distribution PlanHunan Nanling Industrial Explosive Materials Co., Ltd. at its Annual General Meeting of 2022 on 19 May 2023 approved 2022 profit distribution plan. Cash dividend/10 shares (tax included): CNY 0.30000000 for 2022.Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.034 loss in 1Q 2022)First quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.034 loss in 1Q 2022). Revenue: CN¥1.70b (up 258% from 1Q 2022). Net income: CN¥129.3m (up CN¥142.4m from 1Q 2022). Profit margin: 7.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. 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 29% per year, which means it is well ahead of earnings.Board Change • Apr 01High number of new and inexperienced directorsThere are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Chairman of the Board Dekun Zeng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Chairman of the Supervisory Board Huiyi Xie was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.036 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.036 in 3Q 2021). Revenue: CN¥547.9m (up 13% from 3Q 2021). Net income: CN¥15.3m (up 15% from 3Q 2021). Profit margin: 2.8% (up from 2.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year.お知らせ • Sep 07Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million.Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million on September 5, 2022. As on July 31, 2022, Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. generated total assets of CNY 307.3 million and net assets of CNY 0.98 million. The transaction is approved by board of directors of Hunan Nanling Industrial Explosive Materials Co., Ltd.Reported Earnings • Aug 21Second quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.10 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.092 (down from CN¥0.10 in 2Q 2021). Revenue: CN¥596.8m (up 32% from 2Q 2021). Net income: CN¥34.9m (down 9.2% from 2Q 2021). Profit margin: 5.8% (down from 8.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 29% per year.お知らせ • Jul 09Hunan Nanling Industrial Explosive Materials Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 13 July 2022Hunan Nanling Industrial Explosive Materials Co., Ltd. Ltd. announced final cash dividend of CNY 0.30000000 per 10 shares on A shares for 2021. Record date: 12 July 2022, Ex-date: 13 July 2022 and Payment date: 13 July 2022.お知らせ • May 20Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves Cash Dividend for 2021Hunan Nanling Industrial Explosive Materials Co., Ltd. held its Annual General Meeting of 2021 on May 18, 2022, approved Cash dividend (tax included) of CNY 0.30000000 per 10 shares. for 2021.Reported Earnings • Apr 28First quarter 2022 earnings released: CN¥0.034 loss per share (vs CN¥0.048 loss in 1Q 2021)First quarter 2022 results: CN¥0.034 loss per share (up from CN¥0.048 loss in 1Q 2021). Revenue: CN¥474.7m (up 17% from 1Q 2021). Net loss: CN¥13.1m (loss narrowed 27% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non Independent Director Dekun Zeng was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.041 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥484.0m (down 9.8% from 3Q 2020). Net income: CN¥13.3m (down 12% from 3Q 2020). Profit margin: 2.7% (down from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Non Independent Director Dekun Zeng was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.041 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥484.0m (down 9.8% from 3Q 2020). Net income: CN¥13.3m (down 12% from 3Q 2020). Profit margin: 2.7% (down from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.14 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥450.8m (down 20% from 2Q 2020). Net income: CN¥38.4m (down 25% from 2Q 2020). Profit margin: 8.5% (down from 9.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year.お知らせ • May 21Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves Final Cash Dividend for the Year 2020Hunan Nanling Industrial Explosive Materials Co., Ltd. announced at the AGM held on May 18, 2021 that the company approved final Cash dividend/10 shares (tax included): CNY 0.20000000 for the year 2020.お知らせ • Apr 29Hunan Nanling Industrial Explosive Materials Co., Ltd. Proposes Final Cash Dividend for the Year 2020Hunan Nanling Industrial Explosive Materials Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY 0.20000000 for the year 2020.Reported Earnings • Apr 29First quarter 2021 earnings released: CN¥0.048 loss per share (vs CN¥0.093 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥405.6m (up 11% from 1Q 2020). Net loss: CN¥17.8m (loss narrowed 48% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.お知らせ • Mar 04Hunan Nanling Industrial Explosive Materials Co., Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021Hunan Nanling Industrial Explosive Materials Co., Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021Is New 90 Day High Low • Jan 14New 90-day low: CN¥6.20The company is down 40% from its price of CN¥10.29 on 16 October 2020. The Chinese market is up 7.0% 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.Is New 90 Day High Low • Dec 22New 90-day low: CN¥8.70The company is down 3.0% from its price of CN¥9.00 on 23 September 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 9.0% over the same period.Is New 90 Day High Low • Nov 10New 90-day high: CN¥11.32The company is up 39% from its price of CN¥8.12 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 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥27.1m, up 3.6% from the prior year. Total revenue was CN¥2.08b over the last 12 months, down 17% from the prior year.Is New 90 Day High Low • Oct 09New 90-day high: CN¥10.10The company is up 54% from its price of CN¥6.56 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 1.0% over the same period.お知らせ • Jul 25Hunan Nanling Industrial Explosive Materials Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020Hunan Nanling Industrial Explosive Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020株主還元002096CN ChemicalsCN 市場7D3.0%1.7%2.3%1Y-11.0%66.6%35.2%株主還元を見る業界別リターン: 002096過去 1 年間で66.6 % 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: 002096は、過去 1 年間で35.2 % のリターンを上げたCN市場を下回りました。価格変動Is 002096's price volatile compared to industry and market?002096 volatility002096 Average Weekly Movement4.7%Chemicals Industry Average Movement6.6%Market Average Movement6.3%10% most volatile stocks in CN Market9.8%10% least volatile stocks in CN Market4.2%安定した株価: 002096 、 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: 002096の 週次ボラティリティ ( 5% ) 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20017,045Xiaoying Dengwww.expl.ceec.net.cnExplosive Co., Ltd.は、その子会社とともに、中国において、民間爆薬および軍需製品の研究開発、生産、販売、エンジニアリング発破サービスなどの事業を展開している。工業用爆薬・雷管、工業用雷管・コード、軍用雷管などの製品のほか、総合的な民間爆薬システム統合サービスも行っている。また、民間爆薬やその他の製品の輸送も行っている。同社の製品は、採鉱、インフラ、建設、その他のエンジニアリング発破サービスに使用されている。同社は以前、湖南省南嶺工業火薬材料有限公司として知られていたが、2023年5月に火薬株式会社に社名を変更した。Explosive Co., Ltd.は2001年に設立され、中国の長沙に本社を置いている。もっと見るExplosive Co., Ltd. 基礎のまとめExplosive の収益と売上を時価総額と比較するとどうか。002096 基礎統計学時価総額CN¥13.88b収益（TTM）CN¥734.92m売上高(TTM)CN¥9.67b18.9xPER（株価収益率1.4xP/Sレシオ002096 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002096 損益計算書（TTM）収益CN¥9.67b売上原価CN¥7.30b売上総利益CN¥2.36bその他の費用CN¥1.63b収益CN¥734.92m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）0.59グロス・マージン24.46%純利益率7.60%有利子負債／自己資本比率6.1%002096 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2.3%現在の配当利回り43%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 07:51終値2026/05/07 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Explosive Co., Ltd. 2 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。6 アナリスト機関Xian Chao ZhangChina Stock Investment Research Co. Ltd. (GZ500..com)Tao WeiGoldman SachsLin YangGuosen Securities Co., Ltd.3 その他のアナリストを表示
Featured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.0% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative14.8kusers have viewed this narrative41users have liked this narrative1users have commented on this narrative284users have followed this narrativeRead narrative
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.087 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.087 (down from CN¥0.13 in 1Q 2025). Revenue: CN¥1.84b (down 8.2% from 1Q 2025). Net income: CN¥107.5m (down 35% from 1Q 2025). Profit margin: 5.8% (down from 8.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% 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 increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 30Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China
お知らせ • Mar 31Explosive Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Explosive Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Reported Earnings • Mar 30Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.64 (up from CN¥0.57 in FY 2024). Revenue: CN¥9.83b (up 15% from FY 2024). Net income: CN¥792.6m (up 11% from FY 2024). Profit margin: 8.1% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 9.7% 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 increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Dec 31Explosive Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Explosive Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.64b (up 11% from 3Q 2024). Net income: CN¥235.5m (up 36% from 3Q 2024). Profit margin: 8.9% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.087 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.087 (down from CN¥0.13 in 1Q 2025). Revenue: CN¥1.84b (down 8.2% from 1Q 2025). Net income: CN¥107.5m (down 35% from 1Q 2025). Profit margin: 5.8% (down from 8.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% 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 increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 30Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China
お知らせ • Mar 31Explosive Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Explosive Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Reported Earnings • Mar 30Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.64 (up from CN¥0.57 in FY 2024). Revenue: CN¥9.83b (up 15% from FY 2024). Net income: CN¥792.6m (up 11% from FY 2024). Profit margin: 8.1% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 9.7% 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 increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Dec 31Explosive Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Explosive Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.64b (up 11% from 3Q 2024). Net income: CN¥235.5m (up 36% from 3Q 2024). Profit margin: 8.9% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 30Explosive Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Explosive Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.17 in 2Q 2024). Revenue: CN¥2.70b (up 26% from 2Q 2024). Net income: CN¥243.5m (up 13% from 2Q 2024). Profit margin: 9.0% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% 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 remained flat, which means it is significantly lagging earnings.
Price Target Changed • Aug 14Price target increased by 11% to CN¥16.68Up from CN¥15.00, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥13.86. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.57 last year.
New Risk • Jul 25New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.51, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.78 per share.
お知らせ • Jul 02Explosive Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Explosive Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
Buy Or Sell Opportunity • Jun 10Now 20% undervaluedOver the last 90 days, the stock has risen 2.6% to CN¥12.07. The fair value is estimated to be CN¥15.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
お知らせ • Jun 06Explosive Co., Ltd., Annual General Meeting, Jun 26, 2025Explosive Co., Ltd., Annual General Meeting, Jun 26, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China
Buy Or Sell Opportunity • May 15Now 21% undervaluedOver the last 90 days, the stock has risen 10% to CN¥11.75. The fair value is estimated to be CN¥14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 37% in the next 2 years.
Reported Earnings • May 01First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.11 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥2.01b (up 13% from 1Q 2024). Net income: CN¥165.2m (up 23% from 1Q 2024). Profit margin: 8.2% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 01Explosive Co., Ltd. Proposes Final Cash Dividend for the Year 2024Explosive Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 2.3 for the year 2024.
お知らせ • Mar 31Explosive Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Explosive Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 31Explosive Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025Explosive Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025
New Risk • Dec 30New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 40% 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 Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin).
分析記事 • Nov 13The Returns On Capital At Explosive (SZSE:002096) Don't Inspire ConfidenceIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
お知らせ • Sep 30Explosive Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Explosive Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
分析記事 • Jul 26Returns On Capital At Explosive (SZSE:002096) Paint A Concerning PictureWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
お知らせ • Jun 29Explosive Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024Explosive Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024
Price Target Changed • May 29Price target increased by 15% to CN¥15.28Up from CN¥13.33, the current price target is an average from 2 analysts. New target price is 18% above last closing price of CN¥12.95. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of CN¥0.50 for next year compared to CN¥0.13 last year.
お知らせ • May 11Explosive Co., Ltd. Announces Cash Dividend of A Share for the Year 2023, Payable on May 17, 2024Explosive Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 2.05000000 of A share for the year 2023. Record date is May 16, 2024. Ex-date is May 17, 2024. Payment date is May 17, 2024.
分析記事 • Apr 22Market Participants Recognise Explosive Co., Ltd.'s (SZSE:002096) EarningsExplosive Co., Ltd.'s ( SZSE:002096 ) price-to-earnings (or "P/E") ratio of 69.7x might make it look like a strong sell...
お知らせ • Mar 30Explosive Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Explosive Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
お知らせ • Mar 29Explosive Co., Ltd., Annual General Meeting, Apr 19, 2024Explosive Co., Ltd., Annual General Meeting, Apr 19, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China
分析記事 • Mar 25Explosive (SZSE:002096) Is Experiencing Growth In Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.01, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in China. Total returns to shareholders of 42% over the past three years.
お知らせ • Dec 29Explosive Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024Explosive Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024
Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥10.54, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.04 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.04 in 3Q 2022). Revenue: CN¥2.29b (up 317% from 3Q 2022). Net income: CN¥169.5m (up CN¥154.2m from 3Q 2022). Profit margin: 7.4% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 52% 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 Shareholders have been substantially diluted in the past year (226% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin).
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.092 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.092 in 2Q 2022). Revenue: CN¥2.30b (up 285% from 2Q 2022). Net income: CN¥174.7m (up 401% from 2Q 2022). Profit margin: 7.6% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 27Hunan Nanling Industrial Explosive Materials Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 30, 2023Hunan Nanling Industrial Explosive Materials Co., Ltd. announced final cash dividend of CNY 0.30 per 10 shares on A shares for the year 2022. Record date is June 29, 2023, Ex-Date is June 30, 2023 and Payment Date is June 30, 2023.
お知らせ • May 24Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves 2022 Profit Distribution PlanHunan Nanling Industrial Explosive Materials Co., Ltd. at its Annual General Meeting of 2022 on 19 May 2023 approved 2022 profit distribution plan. Cash dividend/10 shares (tax included): CNY 0.30000000 for 2022.
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.034 loss in 1Q 2022)First quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.034 loss in 1Q 2022). Revenue: CN¥1.70b (up 258% from 1Q 2022). Net income: CN¥129.3m (up CN¥142.4m from 1Q 2022). Profit margin: 7.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. 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 29% per year, which means it is well ahead of earnings.
Board Change • Apr 01High number of new and inexperienced directorsThere are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Chairman of the Board Dekun Zeng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Chairman of the Supervisory Board Huiyi Xie was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.036 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.036 in 3Q 2021). Revenue: CN¥547.9m (up 13% from 3Q 2021). Net income: CN¥15.3m (up 15% from 3Q 2021). Profit margin: 2.8% (up from 2.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year.
お知らせ • Sep 07Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million.Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million on September 5, 2022. As on July 31, 2022, Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. generated total assets of CNY 307.3 million and net assets of CNY 0.98 million. The transaction is approved by board of directors of Hunan Nanling Industrial Explosive Materials Co., Ltd.
Reported Earnings • Aug 21Second quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.10 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.092 (down from CN¥0.10 in 2Q 2021). Revenue: CN¥596.8m (up 32% from 2Q 2021). Net income: CN¥34.9m (down 9.2% from 2Q 2021). Profit margin: 5.8% (down from 8.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 29% per year.
お知らせ • Jul 09Hunan Nanling Industrial Explosive Materials Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 13 July 2022Hunan Nanling Industrial Explosive Materials Co., Ltd. Ltd. announced final cash dividend of CNY 0.30000000 per 10 shares on A shares for 2021. Record date: 12 July 2022, Ex-date: 13 July 2022 and Payment date: 13 July 2022.
お知らせ • May 20Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves Cash Dividend for 2021Hunan Nanling Industrial Explosive Materials Co., Ltd. held its Annual General Meeting of 2021 on May 18, 2022, approved Cash dividend (tax included) of CNY 0.30000000 per 10 shares. for 2021.
Reported Earnings • Apr 28First quarter 2022 earnings released: CN¥0.034 loss per share (vs CN¥0.048 loss in 1Q 2021)First quarter 2022 results: CN¥0.034 loss per share (up from CN¥0.048 loss in 1Q 2021). Revenue: CN¥474.7m (up 17% from 1Q 2021). Net loss: CN¥13.1m (loss narrowed 27% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non Independent Director Dekun Zeng was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.041 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥484.0m (down 9.8% from 3Q 2020). Net income: CN¥13.3m (down 12% from 3Q 2020). Profit margin: 2.7% (down from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Non Independent Director Dekun Zeng was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.041 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥484.0m (down 9.8% from 3Q 2020). Net income: CN¥13.3m (down 12% from 3Q 2020). Profit margin: 2.7% (down from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.14 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥450.8m (down 20% from 2Q 2020). Net income: CN¥38.4m (down 25% from 2Q 2020). Profit margin: 8.5% (down from 9.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year.
お知らせ • May 21Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves Final Cash Dividend for the Year 2020Hunan Nanling Industrial Explosive Materials Co., Ltd. announced at the AGM held on May 18, 2021 that the company approved final Cash dividend/10 shares (tax included): CNY 0.20000000 for the year 2020.
お知らせ • Apr 29Hunan Nanling Industrial Explosive Materials Co., Ltd. Proposes Final Cash Dividend for the Year 2020Hunan Nanling Industrial Explosive Materials Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY 0.20000000 for the year 2020.
Reported Earnings • Apr 29First quarter 2021 earnings released: CN¥0.048 loss per share (vs CN¥0.093 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥405.6m (up 11% from 1Q 2020). Net loss: CN¥17.8m (loss narrowed 48% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Mar 04Hunan Nanling Industrial Explosive Materials Co., Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021Hunan Nanling Industrial Explosive Materials Co., Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021
Is New 90 Day High Low • Jan 14New 90-day low: CN¥6.20The company is down 40% from its price of CN¥10.29 on 16 October 2020. The Chinese market is up 7.0% 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.
Is New 90 Day High Low • Dec 22New 90-day low: CN¥8.70The company is down 3.0% from its price of CN¥9.00 on 23 September 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 9.0% over the same period.
Is New 90 Day High Low • Nov 10New 90-day high: CN¥11.32The company is up 39% from its price of CN¥8.12 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 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥27.1m, up 3.6% from the prior year. Total revenue was CN¥2.08b over the last 12 months, down 17% from the prior year.
Is New 90 Day High Low • Oct 09New 90-day high: CN¥10.10The company is up 54% from its price of CN¥6.56 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 1.0% over the same period.
お知らせ • Jul 25Hunan Nanling Industrial Explosive Materials Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020Hunan Nanling Industrial Explosive Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020
