View Financial HealthIntco Recycling Resources 配当と自社株買い配当金 基準チェック /36Intco Recycling Resources配当を支払う会社であり、現在の利回りは0.6%で、収益によって十分にカバーされています。主要情報0.6%配当利回り-0.5%バイバック利回り総株主利回り0.1%将来の配当利回り0.6%配当成長6.9%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向15%最近の配当と自社株買いの更新お知らせ • Apr 09Intco Recycling Resources Co., Ltd. (SHSE:688087) announces an Equity Buyback for CNY 80 million worth of its shares.Intco Recycling Resources Co., Ltd. (SHSE:688087) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 41.44 per share. The purpose of the program is to use the repurchased share for employee stock ownership plans and/or equity incentives. The program will be funded from company's own funds and dedicated loans for stock buyback. The program will be valid for 12 months.すべての更新を表示Recent updatesお知らせ • Jun 30Intco Recycling Resources Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026Intco Recycling Resources Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥31.99, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 37% over the past three years.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yede Huang 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.お知らせ • Apr 28Intco Recycling Resources Co., Ltd., Annual General Meeting, May 19, 2026Intco Recycling Resources Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai Chinaお知らせ • Mar 30Intco Recycling Resources Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Intco Recycling Resources Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 26Intco Recycling Resources Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Intco Recycling Resources Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026お知らせ • Sep 30Intco Recycling Resources Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Intco Recycling Resources Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Intco Recycling Resources Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Intco Recycling Resources Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025お知らせ • Apr 28Intco Recycling Resources Co., Ltd., Annual General Meeting, May 20, 2025Intco Recycling Resources Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: Meeting Room of Shandong Yinglang Environmental Protection Technology Co., Ltd., Zibo, Shandong Chinaお知らせ • Apr 09Intco Recycling Resources Co., Ltd. (SHSE:688087) announces an Equity Buyback for CNY 80 million worth of its shares.Intco Recycling Resources Co., Ltd. (SHSE:688087) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 41.44 per share. The purpose of the program is to use the repurchased share for employee stock ownership plans and/or equity incentives. The program will be funded from company's own funds and dedicated loans for stock buyback. The program will be valid for 12 months.お知らせ • Mar 28Intco Recycling Resources Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025Intco Recycling Resources Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025お知らせ • Dec 27Intco Recycling Resources Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025Intco Recycling Resources Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥30.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 22% over the past year.お知らせ • Sep 30Intco Recycling Resources Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Intco Recycling Resources Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.44 (vs CN¥0.55 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.44 (down from CN¥0.55 in 2Q 2023). Revenue: CN¥801.4m (up 30% from 2Q 2023). Net income: CN¥82.8m (down 23% from 2Q 2023). Profit margin: 10% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.お知らせ • Jun 28Intco Recycling Resources Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Intco Recycling Resources Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.064 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.064 in 1Q 2023). Revenue: CN¥633.1m (up 23% from 1Q 2023). Net income: CN¥72.3m (up CN¥60.6m from 1Q 2023). Profit margin: 11% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.Reported Earnings • Apr 19Full year 2023 earnings released: EPS: CN¥1.05 (vs CN¥1.24 in FY 2022)Full year 2023 results: EPS: CN¥1.05 (down from CN¥1.24 in FY 2022). Revenue: CN¥2.46b (up 19% from FY 2022). Net income: CN¥195.7m (down 15% from FY 2022). Profit margin: 8.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.お知らせ • Apr 16Shandong Intco Recycling Resources Co., Ltd., Annual General Meeting, May 24, 2024Shandong Intco Recycling Resources Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: Weisan Road, Linzi District, Zibo, Shandong Chinaお知らせ • Mar 29Shandong Intco Recycling Resources Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Shandong Intco Recycling Resources Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥1.00 (vs CN¥1.24 in FY 2022)Full year 2023 results: EPS: CN¥1.00 (down from CN¥1.24 in FY 2022). Revenue: CN¥2.47b (up 20% from FY 2022). Net income: CN¥187.2m (down 19% from FY 2022). Profit margin: 7.6% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥21.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Chemicals industry in China.お知らせ • Dec 30Shandong Intco Recycling Resources Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Shandong Intco Recycling Resources Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.36 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.20 (down from CN¥0.36 in 3Q 2022). Revenue: CN¥690.3m (up 36% from 3Q 2022). Net income: CN¥37.1m (down 44% from 3Q 2022). Profit margin: 5.4% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China.Valuation Update With 7 Day Price Move • Oct 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥21.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in China.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.55 (vs CN¥0.51 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.55 (up from CN¥0.51 in 2Q 2022). Revenue: CN¥617.5m (up 8.9% from 2Q 2022). Net income: CN¥107.0m (up 13% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China.Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥1.73 (vs CN¥2.11 in FY 2021)Full year 2022 results: EPS: CN¥1.73 (down from CN¥2.11 in FY 2021). Revenue: CN¥2.06b (up 3.3% from FY 2021). Net income: CN¥230.8m (down 3.8% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China.Board Change • Mar 15Less 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. 5 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Wei Guan 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.決済の安定と成長配当データの取得安定した配当: 688087は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 688087の配当金は増加していますが、同社は4年間しか配当金を支払っていません。配当利回り対市場Intco Recycling Resources 配当利回り対市場688087 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (688087)0.6%市場下位25% (CN)0.4%市場トップ25% (CN)2.2%業界平均 (Chemicals)1.3%アナリスト予想 (688087) (最長3年)0.6%注目すべき配当: 688087の配当金 ( 0.6% ) はCN市場の配当金支払者の下位 25% ( 0.42% ) よりも高くなっています。高配当: 688087の配当金 ( 0.6% ) はCN市場の配当金支払者の上位 25% ( 2.17% ) と比較すると低いです。株主への利益配当収益カバレッジ: 688087は低い 配当性向 ( 15.5% ) であるため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 688087は低い 現金配当性向 ( 17.1% ) であるため、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YCN 市場の強力な配当支払い企業。View Management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2026/08/10 14:39終値2026/08/07 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Intco Recycling Resources 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。5 アナリスト機関Chao LiCitic Securities Co., Ltd.Weijia WangHuatai ResearchLili GuoTianfeng Securities Brokerage Co., Ltd2 その他のアナリストを表示
お知らせ • Apr 09Intco Recycling Resources Co., Ltd. (SHSE:688087) announces an Equity Buyback for CNY 80 million worth of its shares.Intco Recycling Resources Co., Ltd. (SHSE:688087) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 41.44 per share. The purpose of the program is to use the repurchased share for employee stock ownership plans and/or equity incentives. The program will be funded from company's own funds and dedicated loans for stock buyback. The program will be valid for 12 months.
お知らせ • Jun 30Intco Recycling Resources Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026Intco Recycling Resources Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥31.99, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 37% over the past three years.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yede Huang 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.
お知らせ • Apr 28Intco Recycling Resources Co., Ltd., Annual General Meeting, May 19, 2026Intco Recycling Resources Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China
お知らせ • Mar 30Intco Recycling Resources Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Intco Recycling Resources Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 26Intco Recycling Resources Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Intco Recycling Resources Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026
お知らせ • Sep 30Intco Recycling Resources Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Intco Recycling Resources Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Intco Recycling Resources Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Intco Recycling Resources Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
お知らせ • Apr 28Intco Recycling Resources Co., Ltd., Annual General Meeting, May 20, 2025Intco Recycling Resources Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: Meeting Room of Shandong Yinglang Environmental Protection Technology Co., Ltd., Zibo, Shandong China
お知らせ • Apr 09Intco Recycling Resources Co., Ltd. (SHSE:688087) announces an Equity Buyback for CNY 80 million worth of its shares.Intco Recycling Resources Co., Ltd. (SHSE:688087) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 41.44 per share. The purpose of the program is to use the repurchased share for employee stock ownership plans and/or equity incentives. The program will be funded from company's own funds and dedicated loans for stock buyback. The program will be valid for 12 months.
お知らせ • Mar 28Intco Recycling Resources Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025Intco Recycling Resources Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025
お知らせ • Dec 27Intco Recycling Resources Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025Intco Recycling Resources Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥30.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 22% over the past year.
お知らせ • Sep 30Intco Recycling Resources Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Intco Recycling Resources Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.44 (vs CN¥0.55 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.44 (down from CN¥0.55 in 2Q 2023). Revenue: CN¥801.4m (up 30% from 2Q 2023). Net income: CN¥82.8m (down 23% from 2Q 2023). Profit margin: 10% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.
お知らせ • Jun 28Intco Recycling Resources Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Intco Recycling Resources Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.064 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.064 in 1Q 2023). Revenue: CN¥633.1m (up 23% from 1Q 2023). Net income: CN¥72.3m (up CN¥60.6m from 1Q 2023). Profit margin: 11% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.
Reported Earnings • Apr 19Full year 2023 earnings released: EPS: CN¥1.05 (vs CN¥1.24 in FY 2022)Full year 2023 results: EPS: CN¥1.05 (down from CN¥1.24 in FY 2022). Revenue: CN¥2.46b (up 19% from FY 2022). Net income: CN¥195.7m (down 15% from FY 2022). Profit margin: 8.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China.
お知らせ • Apr 16Shandong Intco Recycling Resources Co., Ltd., Annual General Meeting, May 24, 2024Shandong Intco Recycling Resources Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: Weisan Road, Linzi District, Zibo, Shandong China
お知らせ • Mar 29Shandong Intco Recycling Resources Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Shandong Intco Recycling Resources Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥1.00 (vs CN¥1.24 in FY 2022)Full year 2023 results: EPS: CN¥1.00 (down from CN¥1.24 in FY 2022). Revenue: CN¥2.47b (up 20% from FY 2022). Net income: CN¥187.2m (down 19% from FY 2022). Profit margin: 7.6% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥21.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Chemicals industry in China.
お知らせ • Dec 30Shandong Intco Recycling Resources Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Shandong Intco Recycling Resources Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.36 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.20 (down from CN¥0.36 in 3Q 2022). Revenue: CN¥690.3m (up 36% from 3Q 2022). Net income: CN¥37.1m (down 44% from 3Q 2022). Profit margin: 5.4% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Oct 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥21.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Chemicals industry in China.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.55 (vs CN¥0.51 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.55 (up from CN¥0.51 in 2Q 2022). Revenue: CN¥617.5m (up 8.9% from 2Q 2022). Net income: CN¥107.0m (up 13% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China.
Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥1.73 (vs CN¥2.11 in FY 2021)Full year 2022 results: EPS: CN¥1.73 (down from CN¥2.11 in FY 2021). Revenue: CN¥2.06b (up 3.3% from FY 2021). Net income: CN¥230.8m (down 3.8% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China.
Board Change • Mar 15Less 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. 5 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Wei Guan 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.