Grinm Advanced Materials（600206）株式概要中国の非鉄金属産業における先端材料の研究開発、製造、販売を行う。 詳細600206 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績4/6財務の健全性4/6配当金0/6報酬過去1年間で収益は34.2%増加しました リスク分析CN市場と比較して、過去 3 か月間の株価の変動が非常に大きい高いレベルの非現金収入 すべてのリスクチェックを見る600206 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW468,393 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA468,393 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥52.5243.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture016b2016201920222025202620282031Revenue CN¥14.6bEarnings CN¥400.7mAdvancedSet Fair ValueView all narrativesGrinm Advanced Materials Co., Ltd. 競合他社Wuxi Taiji Industry LimitedSymbol: SHSE:600667Market cap: CN¥44.8bUnigroup Guoxin MicroelectronicsSymbol: SZSE:002049Market cap: CN¥52.2bSigmaStar TechnologySymbol: SZSE:301536Market cap: CN¥49.2bCSI SolarSymbol: SHSE:688472Market cap: CN¥37.7b価格と性能株価の高値、安値、推移の概要Grinm Advanced Materials過去の株価現在の株価CN¥52.5252週高値CN¥69.4052週安値CN¥18.81ベータ0.651ヶ月の変化19.36%3ヶ月変化80.48%1年変化148.56%3年間の変化348.89%5年間の変化221.62%IPOからの変化576.22%最新ニュースReported Earnings • Aug 05Second quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.074 in 2Q 2025)Second quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.074 in 2Q 2025). Revenue: CN¥3.20b (up 42% from 2Q 2025). Net income: CN¥95.1m (up 52% from 2Q 2025). Profit margin: 3.0% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 01New 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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio).お知らせ • Jun 30Grinm Advanced Materials Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change).Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2025). Revenue: CN¥2.96b (up 61% from 1Q 2025). Net income: CN¥88.3m (up 31% from 1Q 2025). Profit margin: 3.0% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 25Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China最新情報をもっと見るRecent updatesReported Earnings • Aug 05Second quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.074 in 2Q 2025)Second quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.074 in 2Q 2025). Revenue: CN¥3.20b (up 42% from 2Q 2025). Net income: CN¥95.1m (up 52% from 2Q 2025). Profit margin: 3.0% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jul 01New 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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio).お知らせ • Jun 30Grinm Advanced Materials Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change).Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2025). Revenue: CN¥2.96b (up 61% from 1Q 2025). Net income: CN¥88.3m (up 31% from 1Q 2025). Profit margin: 3.0% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 25Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing ChinaValuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥25.95, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 94x in the Semiconductor industry in China. Total returns to shareholders of 89% over the past three years.お知らせ • Mar 30Grinm Advanced Materials Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥25.97, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 100x in the Semiconductor industry in China. Total returns to shareholders of 91% over the past three years.お知らせ • Dec 26Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.087 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.087 in 3Q 2024). Revenue: CN¥2.67b (up 20% from 3Q 2024). Net income: CN¥115.2m (up 56% from 3Q 2024). Profit margin: 4.3% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 26% growth forecast for the Semiconductor industry in China. 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 17% per year, which means it is well ahead of earnings.お知らせ • Sep 30Grinm Advanced Materials Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 08New major risk - Revenue and earnings growthEarnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • Jun 30Grinm Advanced Materials Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025お知らせ • Apr 30Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 29, 2025Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing ChinaReported Earnings • Apr 18Full year 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.27 in FY 2023)Full year 2024 results: EPS: CN¥0.17 (down from CN¥0.27 in FY 2023). Revenue: CN¥9.15b (down 16% from FY 2023). Net income: CN¥147.7m (down 35% from FY 2023). Profit margin: 1.6% (down from 2.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥17.55, the stock trades at a trailing P/E ratio of 73.8x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past three years.New Risk • Apr 07New 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.お知らせ • Mar 28Grinm Advanced Materials Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥17.48, the stock trades at a trailing P/E ratio of 73.5x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 28% over the past three years.New Risk • Jan 10New 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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.お知らせ • Dec 27Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025Valuation Update With 7 Day Price Move • Dec 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥18.94, the stock trades at a trailing P/E ratio of 79.6x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past three years.New Risk • Nov 26New 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 11% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.29, the stock trades at a trailing P/E ratio of 55.9x. Average forward P/E is 38x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.10 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥2.22b (down 17% from 3Q 2023). Net income: CN¥73.7m (down 15% from 3Q 2023). Profit margin: 3.3% (in line with 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Sep 30Grinm Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥10.88, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 15% over the past three years.New Risk • Sep 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.016 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.032 (up from CN¥0.016 in 2Q 2023). Revenue: CN¥2.28b (down 13% from 2Q 2023). Net income: CN¥40.4m (up 187% from 2Q 2023). Profit margin: 1.8% (up from 0.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 28Grinm Advanced Materials Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Chairman Hai Yang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.046 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.046 in 1Q 2023). Revenue: CN¥2.26b (down 25% from 1Q 2023). Net income: CN¥455.4k (down 99% from 1Q 2023). Profit margin: 0% (down from 1.3% in 1Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.Reported Earnings • Apr 14Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.32 in FY 2022)Full year 2023 results: EPS: CN¥0.27 (down from CN¥0.32 in FY 2022). Revenue: CN¥10.8b (down 29% from FY 2022). Net income: CN¥226.5m (down 16% from FY 2022). Profit margin: 2.1% (up from 1.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year.お知らせ • Apr 13Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 13, 2024Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 13, 2024, at 14:00 China Standard Time.お知らせ • Mar 29Grinm Advanced Materials Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Feb 28Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces an Equity Buyback for CNY 60 million worth of its shares.Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.53 per share. The shares repurchased are intended to be used to maintain the company's value and shareholders' rights or to be used for equity incentives and employee stock ownership plans at appropriate times in the future. The funds for the repurchases are a part of the company’s over-raised funds. The program will be valid for a period of 3 months.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥8.97, the stock trades at a trailing P/E ratio of 50.7x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years.お知らせ • Dec 30Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024New Risk • Oct 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).Reported Earnings • Oct 20Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.092 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.092 in 3Q 2022). Revenue: CN¥2.67b (down 38% from 3Q 2022). Net income: CN¥86.8m (up 22% from 3Q 2022). Profit margin: 3.3% (up from 1.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.お知らせ • Sep 30Grinm Advanced Materials Co., Ltd. to Report Q3, 2023 Results on Oct 19, 2023Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2023 results on Oct 19, 2023New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (1.0% net profit margin).お知らせ • Jun 28Grinm Advanced Materials Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.12 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.12 in 1Q 2022). Revenue: CN¥3.02b (down 23% from 1Q 2022). Net income: CN¥38.8m (down 63% from 1Q 2022). Profit margin: 1.3% (down from 2.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.094 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.092. Revenue: CN¥4.33b (down 6.8% from 3Q 2021). Net income: CN¥70.9m (up 1.3% from 3Q 2021). Profit margin: 1.6% (up from 1.5% in 3Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.099 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.099 in 2Q 2021). Revenue: CN¥3.50b (down 12% from 2Q 2021). Net income: CN¥85.2m (up 5.9% from 2Q 2021). Profit margin: 2.4% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥15.12, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 56x in the Semiconductor industry in China. Total returns to shareholders of 48% over the past three years.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.07 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.07 in 1Q 2021). Revenue: CN¥3.91b (up 7.3% from 1Q 2021). Net income: CN¥104.1m (up 69% from 1Q 2021). Profit margin: 2.7% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last 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: Insufficient board refreshment.Reported Earnings • Apr 17Full year 2021 earnings released: EPS: CN¥0.30 (vs CN¥0.20 in FY 2020)Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.20 in FY 2020). Revenue: CN¥16.1b (up 24% from FY 2020). Net income: CN¥238.8m (up 40% from FY 2020). Profit margin: 1.5% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last 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: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥15.74, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 61x in the Semiconductor industry in China. Total returns to shareholders of 62% over the past three years.Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last 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: Insufficient board refreshment.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.098 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¥4.64b (up 28% from 3Q 2020). Net income: CN¥70.0m (down 16% from 3Q 2020). Profit margin: 1.5% (down from 2.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.072 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¥3.98b (up 39% from 2Q 2020). Net income: CN¥80.5m (up 35% from 2Q 2020). Profit margin: 2.0% (down from 2.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 17Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.13 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥13.0b (up 24% from FY 2019). Net income: CN¥170.3m (up 61% from FY 2019). Profit margin: 1.3% (up from 1.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 28New 90-day low: CN¥12.58The company is down 9.0% from its price of CN¥13.76 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 24% over the same period.Is New 90 Day High Low • Dec 28New 90-day low: CN¥13.07The company is down 1.0% from its price of CN¥13.23 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 15% over the same period.お知らせ • Nov 20GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in Grinm Advanced Materials Co., Ltd. (SHSE:600206) from Beijing GRINM RS Semiconductor Technology Co., Ltd.GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in Grinm Advanced Materials Co., Ltd. (SHSE:600206) from Beijing GRINM RS Semiconductor Technology Co., Ltd. on November 19, 2020. As per terms, GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. and GRITEK Employee Stock Ownership Association will acquire 25.6%, 3.14% , 23.51% and 5% stake respectively. Upon completion, Beijing GRINM RS Semiconductor Technology Co., Ltd. will hold 42.75% stake in Grinm Advanced Materials Co., Ltd.Is New 90 Day High Low • Nov 17New 90-day high: CN¥15.60The company is up 8.0% from its price of CN¥14.43 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 7.0% over the same period.Reported Earnings • Oct 20Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥180.2m, up 109% from the prior year. Total revenue was CN¥12.0b over the last 12 months, up 37% from the prior year.お知らせ • Oct 16Grinm Advanced Materials Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020Is New 90 Day High Low • Sep 25New 90-day low: CN¥13.35The company is down 3.0% from its price of CN¥13.81 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period.お知らせ • Jul 09Grinm Advanced Materials Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020株主還元600206CN SemiconductorCN 市場7D-6.0%-0.9%-1.5%1Y148.6%47.9%3.9%株主還元を見る業界別リターン: 600206過去 1 年間で47.9 % の収益を上げたCN Semiconductor業界を上回りました。リターン対市場: 600206過去 1 年間で3.9 % の収益を上げたCN市場を上回りました。価格変動Is 600206's price volatile compared to industry and market?600206 volatility600206 Average Weekly Movement15.2%Semiconductor Industry Average Movement11.5%Market Average Movement7.4%10% most volatile stocks in CN Market12.6%10% least volatile stocks in CN Market4.4%安定した株価: 600206の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 600206の 週次ボラティリティ は、過去 1 年間で10%から15%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト19992,166n/awww.griam.cn中国における非鉄金属業界の先端材料の研究開発、製造、販売に携わる。同社は、レアアース永久磁石、レアアース巨大磁歪材料、レアアース磁性冷媒材料などのレアアース（RE）磁性材料、アルミネート、窒化物、ケイフッ化物、金属ハロゲン化物などのレアアース発光材料を提供している。また、RE酸化物からなるRE化合物、無水REハロゲン化物を含む様々な純度、粒径、特殊な微細構造を持つ塩や複合材料、ScZr、YZr、CeZrなどのZr系複合RE酸化物も提供している。さらに、REメタル、DyFe、HoCu、Y-Al、Er-Alを含むRE合金、高純度金属材料からなるオプトエレクトロニクスフィルム材料、電子情報産業で使用されるスパッタターゲットおよび蒸着材料も提供している；SMA血管ステントグラフト、アーチェンテリックステント、開胸矯正器具、歯列矯正器具などのバイオメディカル材料、レアメタル・貴金属、GeCl4、Sicl4などの高純度光ファイバー応用材料。さらに、標準およびマルチスペクトルZnS、CVD ZnSe、カルコゲナイドガラス、各種光学研磨およびコーティング製品からなる赤外光学材料、HB-GaAs、ゲルマニウムおよびGaP単結晶、GaAs単結晶、赤外光学ゲルマニウム単結晶、転位ゲルマニウム単結晶からなる光電材料、および技術コンサルティングサービスを提供している。1999年に設立されたGrinm Advanced Materials Co.もっと見るGrinm Advanced Materials Co., Ltd. 基礎のまとめGrinm Advanced Materials の収益と売上を時価総額と比較するとどうか。600206 基礎統計学時価総額CN¥45.92b収益（TTM）CN¥318.00m売上高(TTM)CN¥11.60b139.8xPER（株価収益率3.8xP/Sレシオ600206 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600206 損益計算書（TTM）収益CN¥11.60b売上原価CN¥10.74b売上総利益CN¥860.75mその他の費用CN¥542.75m収益CN¥318.00m直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）0.38グロス・マージン7.42%純利益率2.74%有利子負債／自己資本比率16.9%600206 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0.2%現在の配当利回り26%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2026/08/24 13:21終値2026/08/24 00:00収益2026/06/30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Grinm Advanced Materials 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。1 アナリスト機関Chao LiCitic Securities Co., Ltd.
Reported Earnings • Aug 05Second quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.074 in 2Q 2025)Second quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.074 in 2Q 2025). Revenue: CN¥3.20b (up 42% from 2Q 2025). Net income: CN¥95.1m (up 52% from 2Q 2025). Profit margin: 3.0% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 01New 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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio).
お知らせ • Jun 30Grinm Advanced Materials Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026
New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change).
Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2025). Revenue: CN¥2.96b (up 61% from 1Q 2025). Net income: CN¥88.3m (up 31% from 1Q 2025). Profit margin: 3.0% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 25Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China
Reported Earnings • Aug 05Second quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.074 in 2Q 2025)Second quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.074 in 2Q 2025). Revenue: CN¥3.20b (up 42% from 2Q 2025). Net income: CN¥95.1m (up 52% from 2Q 2025). Profit margin: 3.0% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jul 01New 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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio).
お知らせ • Jun 30Grinm Advanced Materials Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026
New Risk • May 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.9% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change).
Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2025). Revenue: CN¥2.96b (up 61% from 1Q 2025). Net income: CN¥88.3m (up 31% from 1Q 2025). Profit margin: 3.0% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 25Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥25.95, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 94x in the Semiconductor industry in China. Total returns to shareholders of 89% over the past three years.
お知らせ • Mar 30Grinm Advanced Materials Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥25.97, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 100x in the Semiconductor industry in China. Total returns to shareholders of 91% over the past three years.
お知らせ • Dec 26Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.087 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.087 in 3Q 2024). Revenue: CN¥2.67b (up 20% from 3Q 2024). Net income: CN¥115.2m (up 56% from 3Q 2024). Profit margin: 4.3% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 26% growth forecast for the Semiconductor industry in China. 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 17% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Grinm Advanced Materials Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 08New major risk - Revenue and earnings growthEarnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • Jun 30Grinm Advanced Materials Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
お知らせ • Apr 30Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 29, 2025Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Location: 18F, Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China
Reported Earnings • Apr 18Full year 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.27 in FY 2023)Full year 2024 results: EPS: CN¥0.17 (down from CN¥0.27 in FY 2023). Revenue: CN¥9.15b (down 16% from FY 2023). Net income: CN¥147.7m (down 35% from FY 2023). Profit margin: 1.6% (down from 2.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥17.55, the stock trades at a trailing P/E ratio of 73.8x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past three years.
New Risk • Apr 07New 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.
お知らせ • Mar 28Grinm Advanced Materials Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥17.48, the stock trades at a trailing P/E ratio of 73.5x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 28% over the past three years.
New Risk • Jan 10New 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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
お知らせ • Dec 27Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥18.94, the stock trades at a trailing P/E ratio of 79.6x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past three years.
New Risk • Nov 26New 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 11% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥13.29, the stock trades at a trailing P/E ratio of 55.9x. Average forward P/E is 38x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.10 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥2.22b (down 17% from 3Q 2023). Net income: CN¥73.7m (down 15% from 3Q 2023). Profit margin: 3.3% (in line with 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 30Grinm Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
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¥10.88, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 15% over the past three years.
New Risk • Sep 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Aug 23Second quarter 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.016 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.032 (up from CN¥0.016 in 2Q 2023). Revenue: CN¥2.28b (down 13% from 2Q 2023). Net income: CN¥40.4m (up 187% from 2Q 2023). Profit margin: 1.8% (up from 0.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 28Grinm Advanced Materials Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Chairman Hai Yang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.046 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.046 in 1Q 2023). Revenue: CN¥2.26b (down 25% from 1Q 2023). Net income: CN¥455.4k (down 99% from 1Q 2023). Profit margin: 0% (down from 1.3% in 1Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.
Reported Earnings • Apr 14Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.32 in FY 2022)Full year 2023 results: EPS: CN¥0.27 (down from CN¥0.32 in FY 2022). Revenue: CN¥10.8b (down 29% from FY 2022). Net income: CN¥226.5m (down 16% from FY 2022). Profit margin: 2.1% (up from 1.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year.
お知らせ • Apr 13Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 13, 2024Grinm Advanced Materials Co., Ltd., Annual General Meeting, May 13, 2024, at 14:00 China Standard Time.
お知らせ • Mar 29Grinm Advanced Materials Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Grinm Advanced Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Feb 28Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces an Equity Buyback for CNY 60 million worth of its shares.Grinm Advanced Materials Co., Ltd. (SHSE:600206) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.53 per share. The shares repurchased are intended to be used to maintain the company's value and shareholders' rights or to be used for equity incentives and employee stock ownership plans at appropriate times in the future. The funds for the repurchases are a part of the company’s over-raised funds. The program will be valid for a period of 3 months.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥8.97, the stock trades at a trailing P/E ratio of 50.7x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years.
お知らせ • Dec 30Grinm Advanced Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024Grinm Advanced Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024
New Risk • Oct 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 38% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
Reported Earnings • Oct 20Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.092 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.092 in 3Q 2022). Revenue: CN¥2.67b (down 38% from 3Q 2022). Net income: CN¥86.8m (up 22% from 3Q 2022). Profit margin: 3.3% (up from 1.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.
お知らせ • Sep 30Grinm Advanced Materials Co., Ltd. to Report Q3, 2023 Results on Oct 19, 2023Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2023 results on Oct 19, 2023
New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (1.0% net profit margin).
お知らせ • Jun 28Grinm Advanced Materials Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.12 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.12 in 1Q 2022). Revenue: CN¥3.02b (down 23% from 1Q 2022). Net income: CN¥38.8m (down 63% from 1Q 2022). Profit margin: 1.3% (down from 2.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.094 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.092. Revenue: CN¥4.33b (down 6.8% from 3Q 2021). Net income: CN¥70.9m (up 1.3% from 3Q 2021). Profit margin: 1.6% (up from 1.5% in 3Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.099 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.099 in 2Q 2021). Revenue: CN¥3.50b (down 12% from 2Q 2021). Net income: CN¥85.2m (up 5.9% from 2Q 2021). Profit margin: 2.4% (up from 2.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥15.12, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 56x in the Semiconductor industry in China. Total returns to shareholders of 48% over the past three years.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.07 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.07 in 1Q 2021). Revenue: CN¥3.91b (up 7.3% from 1Q 2021). Net income: CN¥104.1m (up 69% from 1Q 2021). Profit margin: 2.7% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last 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: Insufficient board refreshment.
Reported Earnings • Apr 17Full year 2021 earnings released: EPS: CN¥0.30 (vs CN¥0.20 in FY 2020)Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.20 in FY 2020). Revenue: CN¥16.1b (up 24% from FY 2020). Net income: CN¥238.8m (up 40% from FY 2020). Profit margin: 1.5% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last 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: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥15.74, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 61x in the Semiconductor industry in China. Total returns to shareholders of 62% over the past three years.
Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Independent Director Peng Xia was the last 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: Insufficient board refreshment.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.098 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¥4.64b (up 28% from 3Q 2020). Net income: CN¥70.0m (down 16% from 3Q 2020). Profit margin: 1.5% (down from 2.3% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.072 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¥3.98b (up 39% from 2Q 2020). Net income: CN¥80.5m (up 35% from 2Q 2020). Profit margin: 2.0% (down from 2.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 17Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.13 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥13.0b (up 24% from FY 2019). Net income: CN¥170.3m (up 61% from FY 2019). Profit margin: 1.3% (up from 1.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 28New 90-day low: CN¥12.58The company is down 9.0% from its price of CN¥13.76 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 24% over the same period.
Is New 90 Day High Low • Dec 28New 90-day low: CN¥13.07The company is down 1.0% from its price of CN¥13.23 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 15% over the same period.
お知らせ • Nov 20GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in Grinm Advanced Materials Co., Ltd. (SHSE:600206) from Beijing GRINM RS Semiconductor Technology Co., Ltd.GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in Grinm Advanced Materials Co., Ltd. (SHSE:600206) from Beijing GRINM RS Semiconductor Technology Co., Ltd. on November 19, 2020. As per terms, GRINM Group Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. and GRITEK Employee Stock Ownership Association will acquire 25.6%, 3.14% , 23.51% and 5% stake respectively. Upon completion, Beijing GRINM RS Semiconductor Technology Co., Ltd. will hold 42.75% stake in Grinm Advanced Materials Co., Ltd.
Is New 90 Day High Low • Nov 17New 90-day high: CN¥15.60The company is up 8.0% from its price of CN¥14.43 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 7.0% over the same period.
Reported Earnings • Oct 20Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥180.2m, up 109% from the prior year. Total revenue was CN¥12.0b over the last 12 months, up 37% from the prior year.
お知らせ • Oct 16Grinm Advanced Materials Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020Grinm Advanced Materials Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020
Is New 90 Day High Low • Sep 25New 90-day low: CN¥13.35The company is down 3.0% from its price of CN¥13.81 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period.
お知らせ • Jul 09Grinm Advanced Materials Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020Grinm Advanced Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020
