Valuation Update With 7 Day Price Move • 7h
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥63.12, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 47x in the Electrical industry in China. Total returns to shareholders of 26% over the past year. 공고 • Jun 30
Cytech Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Cytech Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • May 25
Dividend of CN¥0.90 announced Shareholders will receive a dividend of CN¥0.90. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 38% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. New Risk • Apr 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 9.9% 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: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin). New Risk • Apr 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥2.09 (vs CN¥3.17 in FY 2024) Full year 2025 results: EPS: CN¥2.09 (down from CN¥3.17 in FY 2024). Revenue: CN¥1.18b (up 12% from FY 2024). Net income: CN¥88.9m (down 16% from FY 2024). Profit margin: 7.5% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. 공고 • Apr 28
Cytech Group Co., Ltd., Annual General Meeting, May 20, 2026 Cytech Group Co., Ltd., Annual General Meeting, May 20, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Changzhou, Jiangsu China 공고 • Mar 31
Cytech Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Cytech Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥108, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 61x in the Electrical industry in China. Total returns to shareholders of 28% over the past year. 공고 • Dec 31
Jiangsu Changyou Environmental Protection Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiangsu Changyou Environmental Protection Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥137, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 49x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥111, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 53x in the Electrical industry in China. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.51 (vs CN¥0.90 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.51 (down from CN¥0.90 in 3Q 2024). Revenue: CN¥325.3m (up 7.7% from 3Q 2024). Net income: CN¥22.4m (down 25% from 3Q 2024). Profit margin: 6.9% (down from 9.9% in 3Q 2024). The decrease in margin was driven by higher expenses. 공고 • Sep 30
Jiangsu Changyou Environmental Protection Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Jiangsu Changyou Environmental Protection Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. 공고 • Jul 02
Jiangsu Changyou Environmental Protection Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu Changyou Environmental Protection Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released First quarter 2025 results: EPS: CN¥0.30. Net income: CN¥11.0m (up CN¥11.0m from 1Q 2024). 공고 • Apr 23
Jiangsu Changyou Environmental Protection Technology Co., Ltd., Annual General Meeting, May 16, 2025 Jiangsu Changyou Environmental Protection Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 13:00 China Standard Time.