View Financial HealthZhejiang Oceanking Development 배당 및 자사주 매입배당 기준 점검 1/6Zhejiang Oceanking Development 은(는) 현재 수익률이 1.7% 인 배당금 지급 회사입니다.핵심 정보1.7%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-24.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향152%최근 배당 및 자사주 매입 업데이트Declared Dividend • May 20Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend.Declared Dividend • May 23Dividend reduced to CN¥0.27Dividend of CN¥0.27 is 6.0% lower than last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.모든 업데이트 보기Recent updatesDeclared Dividend • May 20Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Apr 17Full year 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.44 in FY 2024)Full year 2025 results: EPS: CN¥0.17 (down from CN¥0.44 in FY 2024). Revenue: CN¥2.63b (down 9.5% from FY 2024). Net income: CN¥75.6m (down 60% from FY 2024). Profit margin: 2.9% (down from 6.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공시 • Apr 16Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 06, 2026Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 06, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China공시 • Mar 30Zhejiang Oceanking Development Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Zhejiang Oceanking Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026공시 • Dec 26Zhejiang Oceanking Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026Zhejiang Oceanking Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0 (vs CN¥0.092 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0 (down from CN¥0.092 in 3Q 2024). Revenue: CN¥636.8m (down 27% from 3Q 2024). Net income: CN¥49.2k (down 100% from 3Q 2024). Profit margin: 0% (down from 4.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Sep 30Zhejiang Oceanking Development Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Board Change • Sep 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Jianyi Wu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Aug 20New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin).Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥15.20, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 40x in the Chemicals industry in China. Total returns to shareholders of 11% over the past three years.공시 • Jun 30Zhejiang Oceanking Development Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025Declared Dividend • May 23Dividend reduced to CN¥0.27Dividend of CN¥0.27 is 6.0% lower than last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.New Risk • Apr 21New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.6% net profit margin).New Risk • Apr 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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 (35% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 18Full year 2024 earnings released: EPS: CN¥0.44 (vs CN¥0.57 in FY 2023)Full year 2024 results: EPS: CN¥0.44 (down from CN¥0.57 in FY 2023). Revenue: CN¥2.90b (up 37% from FY 2023). Net income: CN¥191.1m (down 23% from FY 2023). Profit margin: 6.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.공시 • Apr 18Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 09, 2025Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang ChinaValuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.45, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 33x in the Chemicals industry in China. Total loss to shareholders of 41% over the past three years.공시 • Mar 28Zhejiang Oceanking Development Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025공시 • Dec 27Zhejiang Oceanking Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025Valuation Update With 7 Day Price Move • Dec 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥8.95, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 60% over the past three years.분석 기사 • Dec 03Zhejiang Oceanking Development (SHSE:603213) May Have Issues Allocating Its CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥10.85, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years.분석 기사 • Nov 07We Think That There Are Some Issues For Zhejiang Oceanking Development (SHSE:603213) Beyond Its Promising EarningsZhejiang Oceanking Development Co., Ltd.'s ( SHSE:603213 ) healthy profit numbers didn't contain any surprises for...Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.16 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.092 (down from CN¥0.16 in 3Q 2023). Revenue: CN¥869.1m (up 61% from 3Q 2023). Net income: CN¥42.5m (down 36% from 3Q 2023). Profit margin: 4.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.공시 • Sep 30Zhejiang Oceanking Development Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Zhejiang Oceanking Development 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 19%After last week's 19% share price gain to CN¥8.88, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 16% over the past year.Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.068 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.068 in 2Q 2023). Revenue: CN¥749.8m (up 49% from 2Q 2023). Net income: CN¥61.7m (up 111% from 2Q 2023). Profit margin: 8.2% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue.공시 • Jun 29Zhejiang Oceanking Development Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Zhejiang Oceanking Development Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024분석 기사 • Jun 06Be Wary Of Zhejiang Oceanking Development (SHSE:603213) And Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Apr 29First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥393.3m (down 20% from 1Q 2023). Net income: CN¥45.2m (down 23% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023).분석 기사 • Apr 21We Think That There Are More Issues For Zhejiang Oceanking Development (SHSE:603213) Than Just Sluggish EarningsZhejiang Oceanking Development Co., Ltd.'s ( SHSE:603213 ) stock wasn't much affected by its recent lackluster earnings...공시 • Apr 12Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 07, 2024Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 07, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang ChinaReported Earnings • Apr 12Full year 2023 earnings released: EPS: CN¥0.57 (vs CN¥0.87 in FY 2022)Full year 2023 results: EPS: CN¥0.57 (down from CN¥0.87 in FY 2022). Revenue: CN¥2.11b (down 18% from FY 2022). Net income: CN¥248.8m (down 34% from FY 2022). Profit margin: 12% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue.공시 • Mar 29Zhejiang Oceanking Development Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024Zhejiang Oceanking Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024Buy Or Sell Opportunity • Feb 22Now 22% overvaluedOver the last 90 days, the stock has fallen 26% to CN¥8.48. The fair value is estimated to be CN¥6.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥8.18, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 46% over the past year.New Risk • Jan 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥12.79, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 34x in the Chemicals industry in China. Total loss to shareholders of 11% over the past year.공시 • Dec 29Zhejiang Oceanking Development Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Zhejiang Oceanking Development Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.16. Revenue: CN¥541.1m (down 13% from 3Q 2022). Net income: CN¥66.7m (down 5.9% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022).Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.33 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.068 (down from CN¥0.33 in 2Q 2022). Revenue: CN¥502.1m (down 33% from 2Q 2022). Net income: CN¥29.3m (down 80% from 2Q 2022). Profit margin: 5.8% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue.Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥0.87 (vs CN¥1.32 in FY 2021)Full year 2022 results: EPS: CN¥0.87 (down from CN¥1.32 in FY 2021). Revenue: CN¥2.56b (up 25% from FY 2021). Net income: CN¥379.4m (down 24% from FY 2021). Profit margin: 15% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 22% share price gain to CN¥16.18, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 19% over the past year.Board Change • Nov 16High number of new directorsIndependent Director Jianyi Wu was the last director to join the board, commencing their role in 2020.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.24 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.24 in 3Q 2021). Revenue: CN¥621.0m (up 26% from 3Q 2021). Net income: CN¥70.9m (down 22% from 3Q 2021). Profit margin: 11% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥748.2m (up 120% from 2Q 2021). Net income: CN¥142.5m (up 152% from 2Q 2021). Profit margin: 19% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 16% compared to a 41% growth forecast for the Chemicals industry in China.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥618.6m (up 82% from 1Q 2021). Net income: CN¥103.9m (up 84% from 1Q 2021). Profit margin: 17% (in line with 1Q 2021). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is expected to shrink by 8.2% compared to a 43% growth forecast for the industry in China.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥20.70, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 32x in the Chemicals industry in China.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥22.28, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 34x in the Chemicals industry in China.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥22.45, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 33x in the Chemicals industry in China.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 603213 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: 603213 4 년 동안만 배당금을 지급해 왔으며 그 이후 지급액이 감소했습니다.배당 수익률 vs 시장Zhejiang Oceanking Development 배당 수익률 vs 시장603213의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (603213)1.7%시장 하위 25% (CN)0.4%시장 상위 25% (CN)2.0%업계 평균 (Chemicals)1.3%분석가 예측 (603213) (최대 3년)n/a주목할만한 배당금: 603213 의 배당금( 1.7% )은 CN 시장에서 배당금 지급자의 하위 25%( 0.37% )보다 높습니다.고배당: 603213 의 배당금( 1.7% )은 CN 시장에서 배당금 지급자의 상위 25%( 2.01% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 152.3% )이 높기 때문에 603213 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 603213 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/29 16:52종가2026/05/29 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Zhejiang Oceanking Development Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wei LiuHaitong International Research Limited
Declared Dividend • May 20Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • May 23Dividend reduced to CN¥0.27Dividend of CN¥0.27 is 6.0% lower than last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Declared Dividend • May 20Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 25th May 2026 Payment date: 25th May 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (152% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 69% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.44 in FY 2024)Full year 2025 results: EPS: CN¥0.17 (down from CN¥0.44 in FY 2024). Revenue: CN¥2.63b (down 9.5% from FY 2024). Net income: CN¥75.6m (down 60% from FY 2024). Profit margin: 2.9% (down from 6.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공시 • Apr 16Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 06, 2026Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 06, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China
공시 • Mar 30Zhejiang Oceanking Development Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Zhejiang Oceanking Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
공시 • Dec 26Zhejiang Oceanking Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026Zhejiang Oceanking Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0 (vs CN¥0.092 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0 (down from CN¥0.092 in 3Q 2024). Revenue: CN¥636.8m (down 27% from 3Q 2024). Net income: CN¥49.2k (down 100% from 3Q 2024). Profit margin: 0% (down from 4.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Sep 30Zhejiang Oceanking Development Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Board Change • Sep 03Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Jianyi Wu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Aug 20New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin).
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥15.20, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 40x in the Chemicals industry in China. Total returns to shareholders of 11% over the past three years.
공시 • Jun 30Zhejiang Oceanking Development Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
Declared Dividend • May 23Dividend reduced to CN¥0.27Dividend of CN¥0.27 is 6.0% lower than last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
New Risk • Apr 21New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.6% net profit margin).
New Risk • Apr 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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 (35% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 18Full year 2024 earnings released: EPS: CN¥0.44 (vs CN¥0.57 in FY 2023)Full year 2024 results: EPS: CN¥0.44 (down from CN¥0.57 in FY 2023). Revenue: CN¥2.90b (up 37% from FY 2023). Net income: CN¥191.1m (down 23% from FY 2023). Profit margin: 6.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
공시 • Apr 18Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 09, 2025Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.45, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 33x in the Chemicals industry in China. Total loss to shareholders of 41% over the past three years.
공시 • Mar 28Zhejiang Oceanking Development Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
공시 • Dec 27Zhejiang Oceanking Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025Zhejiang Oceanking Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥8.95, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 60% over the past three years.
분석 기사 • Dec 03Zhejiang Oceanking Development (SHSE:603213) May Have Issues Allocating Its CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥10.85, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years.
분석 기사 • Nov 07We Think That There Are Some Issues For Zhejiang Oceanking Development (SHSE:603213) Beyond Its Promising EarningsZhejiang Oceanking Development Co., Ltd.'s ( SHSE:603213 ) healthy profit numbers didn't contain any surprises for...
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.16 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.092 (down from CN¥0.16 in 3Q 2023). Revenue: CN¥869.1m (up 61% from 3Q 2023). Net income: CN¥42.5m (down 36% from 3Q 2023). Profit margin: 4.9% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
공시 • Sep 30Zhejiang Oceanking Development Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Zhejiang Oceanking Development 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 19%After last week's 19% share price gain to CN¥8.88, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 16% over the past year.
Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.068 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.068 in 2Q 2023). Revenue: CN¥749.8m (up 49% from 2Q 2023). Net income: CN¥61.7m (up 111% from 2Q 2023). Profit margin: 8.2% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue.
공시 • Jun 29Zhejiang Oceanking Development Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Zhejiang Oceanking Development Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024
분석 기사 • Jun 06Be Wary Of Zhejiang Oceanking Development (SHSE:603213) And Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Apr 29First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥393.3m (down 20% from 1Q 2023). Net income: CN¥45.2m (down 23% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023).
분석 기사 • Apr 21We Think That There Are More Issues For Zhejiang Oceanking Development (SHSE:603213) Than Just Sluggish EarningsZhejiang Oceanking Development Co., Ltd.'s ( SHSE:603213 ) stock wasn't much affected by its recent lackluster earnings...
공시 • Apr 12Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 07, 2024Zhejiang Oceanking Development Co., Ltd., Annual General Meeting, May 07, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China
Reported Earnings • Apr 12Full year 2023 earnings released: EPS: CN¥0.57 (vs CN¥0.87 in FY 2022)Full year 2023 results: EPS: CN¥0.57 (down from CN¥0.87 in FY 2022). Revenue: CN¥2.11b (down 18% from FY 2022). Net income: CN¥248.8m (down 34% from FY 2022). Profit margin: 12% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue.
공시 • Mar 29Zhejiang Oceanking Development Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024Zhejiang Oceanking Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024
Buy Or Sell Opportunity • Feb 22Now 22% overvaluedOver the last 90 days, the stock has fallen 26% to CN¥8.48. The fair value is estimated to be CN¥6.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥8.18, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 46% over the past year.
New Risk • Jan 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥12.79, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 34x in the Chemicals industry in China. Total loss to shareholders of 11% over the past year.
공시 • Dec 29Zhejiang Oceanking Development Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Zhejiang Oceanking Development Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.16. Revenue: CN¥541.1m (down 13% from 3Q 2022). Net income: CN¥66.7m (down 5.9% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022).
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.33 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.068 (down from CN¥0.33 in 2Q 2022). Revenue: CN¥502.1m (down 33% from 2Q 2022). Net income: CN¥29.3m (down 80% from 2Q 2022). Profit margin: 5.8% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue.
Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥0.87 (vs CN¥1.32 in FY 2021)Full year 2022 results: EPS: CN¥0.87 (down from CN¥1.32 in FY 2021). Revenue: CN¥2.56b (up 25% from FY 2021). Net income: CN¥379.4m (down 24% from FY 2021). Profit margin: 15% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 22% share price gain to CN¥16.18, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 19% over the past year.
Board Change • Nov 16High number of new directorsIndependent Director Jianyi Wu was the last director to join the board, commencing their role in 2020.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.24 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.24 in 3Q 2021). Revenue: CN¥621.0m (up 26% from 3Q 2021). Net income: CN¥70.9m (down 22% from 3Q 2021). Profit margin: 11% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥748.2m (up 120% from 2Q 2021). Net income: CN¥142.5m (up 152% from 2Q 2021). Profit margin: 19% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 16% compared to a 41% growth forecast for the Chemicals industry in China.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥618.6m (up 82% from 1Q 2021). Net income: CN¥103.9m (up 84% from 1Q 2021). Profit margin: 17% (in line with 1Q 2021). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is expected to shrink by 8.2% compared to a 43% growth forecast for the industry in China.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥20.70, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 32x in the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥22.28, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 34x in the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥22.45, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 33x in the Chemicals industry in China.