Declared Dividend • Jun 08
Dividend reduced to CN¥0.18 Dividend of CN¥0.18 is 16% lower than last year. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 5 years and payments have been stable during that time. 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 • May 22
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 8.4% 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. This is currently the only risk that has been identified for the company. New Risk • May 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 308% Cash payout ratio: 338% Dividend yield: 4.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥38.82, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 49x in the Chemicals industry in China. Total returns to shareholders of 34% over the past three years. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.15 (down from CN¥0.16 in 1Q 2025). Revenue: CN¥148.0m (down 8.9% from 1Q 2025). Net income: CN¥29.3m (down 7.9% from 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공시 • Apr 25
Hangzhou Greenda Electronic Materials Co., Ltd., Annual General Meeting, May 20, 2026 Hangzhou Greenda Electronic Materials Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: No. 9936-1, Hongshiwu Road, Linjiang Industrial Park, Xiaoshan District, Hangzhou, Zhejiang China 공시 • Mar 30
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.02, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 45x in the Chemicals industry in China. Total loss to shareholders of 18% over the past three years. 공시 • Dec 26
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥33.50, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 42x in the Chemicals industry in China. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥36.39, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 42x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years. New Risk • Nov 27
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 7.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥165.4m (flat on 3Q 2024). Net income: CN¥30.9m (down 7.1% from 3Q 2024). Profit margin: 19% (down from 20% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 공시 • Sep 30
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.22 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.22 in 2Q 2024). Revenue: CN¥152.8m (down 12% from 2Q 2024). Net income: CN¥29.6m (down 32% from 2Q 2024). Profit margin: 19% (down from 25% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 공시 • Jun 30
Hangzhou Greenda Electronic Materials Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Declared Dividend • Jun 12
Dividend of CN¥0.22 announced Shareholders will receive a dividend of CN¥0.22. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 4 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.16 (down from CN¥0.17 in 1Q 2024). Revenue: CN¥162.4m (down 4.9% from 1Q 2024). Net income: CN¥31.8m (down 6.7% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. 공시 • Apr 26
Hangzhou Greenda Electronic Materials Co., Ltd., Annual General Meeting, May 20, 2025 Hangzhou Greenda Electronic Materials Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: No. 9936, Hongshiwu Road, Linjiang Industrial Park, Xiaoshan District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥23.30, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years. New Risk • Apr 07
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 7.8% 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. This is currently the only risk that has been identified for the company. 공시 • Mar 28
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.74, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 36x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years. Buy Or Sell Opportunity • Jan 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to CN¥22.61. The fair value is estimated to be CN¥18.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has grown by 6.8%. 공시 • Dec 27
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥24.20, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 34x in the Chemicals industry in China. Negligible returns to shareholders over past three years. Buy Or Sell Opportunity • Nov 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥22.76. The fair value is estimated to be CN¥18.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Earnings per share has grown by 6.8%. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.22 in 3Q 2023). Revenue: CN¥165.7m (down 7.1% from 3Q 2023). Net income: CN¥33.3m (down 26% from 3Q 2023). Profit margin: 20% (down from 25% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 18
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at CN¥21.05. The fair value is estimated to be CN¥17.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. 공시 • Sep 30
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥21.09, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 2.5% over the past three years. Buy Or Sell Opportunity • Sep 30
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to CN¥21.09. The fair value is estimated to be CN¥17.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥174.4m (down 2.2% from 2Q 2023). Net income: CN¥43.6m (down 13% from 2Q 2023). Profit margin: 25% (down from 28% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. 공시 • Jun 28
Hangzhou Greenda Electronic Materials Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.87, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 6.3% over the past three years. 공시 • Apr 27
Hangzhou Greenda Electronic Materials Co., Ltd., Annual General Meeting, May 28, 2024 Hangzhou Greenda Electronic Materials Co., Ltd., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: No. 9936, Hongshiwu Road, Linjiang Industrial Park, Xiaoshan District, Hangzhou, Zhejiang China Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥170.7m (up 5.8% from 1Q 2023). Net income: CN¥34.1m (up 22% from 1Q 2023). Profit margin: 20% (up from 17% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥17.17, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 18% over the past three years. Buy Or Sell Opportunity • Apr 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CN¥20.13. The fair value is estimated to be CN¥26.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.8%. 공시 • Mar 29
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Mar 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥20.78. The fair value is estimated to be CN¥26.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.8%. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to CN¥20.62. The fair value is estimated to be CN¥26.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.8%. Buy Or Sell Opportunity • Jan 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to CN¥19.57. The fair value is estimated to be CN¥24.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.8%. 공시 • Dec 29
Hangzhou Greenda Electronic Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Hangzhou Greenda Electronic Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.23 in 3Q 2022). Revenue: CN¥178.5m (down 5.1% from 3Q 2022). Net income: CN¥44.7m (down 3.3% from 3Q 2022). Profit margin: 25% (in line with 3Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.27 in 2Q 2022). Revenue: CN¥178.4m (down 16% from 2Q 2022). Net income: CN¥49.8m (down 6.9% from 2Q 2022). Profit margin: 28% (up from 25% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.20 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.20 in 1Q 2022). Revenue: CN¥161.4m (down 33% from 1Q 2022). Net income: CN¥27.9m (down 29% from 1Q 2022). Profit margin: 17% (in line with 1Q 2022). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥32.55, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 71% over the past year. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥30.25, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 21% over the past year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23 (up from CN¥0.19 in 3Q 2021). Revenue: CN¥188.0m (down 5.9% from 3Q 2021). Net income: CN¥46.2m (up 20% from 3Q 2021). Profit margin: 25% (up from 19% in 3Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥26.41, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 15% over the past year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥213.1m (up 33% from 2Q 2021). Net income: CN¥53.5m (up 71% from 2Q 2021). Profit margin: 25% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. 공시 • Aug 11
Zhejiang Kaisn Fluorochemical Co., Ltd. completed the acquisition of additional 49% stake in Zhejiang kaisn Electronic Materials Co., Ltd from Hangzhou Greenda Electronic Materials Co., Ltd. (SHSE:603931). Zhejiang Kaisn Fluorochemical Co., Ltd. agreed to acquire remaining 49% stake in Zhejiang kaisn Electronic Materials Co., Ltd from Hangzhou Greenda Electronic Materials Co., Ltd. (SHSE:603931) for approximately CNY 12 million on August 1, 2022. After the completion of the equity transfer Zhejiang kaisn Electronic Materials Co., Ltd will become become a wholly-owned subsidiary of the buyer. as of June 30, 2022, Zhejiang kaisn Electronic Materials reported total revenues of 47.001683 million, Total assets of 55.180667 million, Net income of 0.166591 million and total common equity of 18.745647 million. This transaction has been approved at the 13th meeting of the second board of directors.
Zhejiang Kaisn Fluorochemical Co., Ltd. completed the acquisition of remaining 49% stake in Zhejiang kaisn Electronic Materials Co., Ltd from Hangzhou Greenda Electronic Materials Co., Ltd. (SHSE:603931) on August 9, 2022. 공시 • Aug 04
Zhejiang Kaisn Fluorochemical Co., Ltd. agreed to acquire additional 49% stake in Zhejiang kaisn Electronic Materials Co., Ltd from Hangzhou Greenda Electronic Materials Co., Ltd. (SHSE:603931) for approximately CNY 12 million. Zhejiang Kaisn Fluorochemical Co., Ltd. agreed to acquire additional 49% stake in Zhejiang kaisn Electronic Materials Co., Ltd from Hangzhou Greenda Electronic Materials Co., Ltd. (SHSE:603931) for approximately CNY 12 million on August 1, 2022. After the completion of the equity transfer Zhejiang kaisn Electronic Materials Co., Ltd will become become a wholly-owned subsidiary of the buyer. as of June 30, 2022, Zhejiang kaisn Electronic Materials reported total revenues of 47.001683 million, Total assets of 55.180667 million, Net income of 0.166591 million and total common equity of 18.745647 million. This transaction has been approved at the 13th meeting of the second board of directors. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.22 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.22 in 1Q 2021). Revenue: CN¥241.7m (up 41% from 1Q 2021). Net income: CN¥39.5m (up 26% from 1Q 2021). Profit margin: 16% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.25 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥199.7m (up 26% from 3Q 2020). Net income: CN¥38.7m (up 30% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.22 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥160.7m (up 27% from 2Q 2020). Net income: CN¥31.3m (up 32% from 2Q 2020). Profit margin: 20% (in line with 2Q 2020). Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥40.03, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 29x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥44.49, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 29x in the Chemicals industry in China. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥1.34 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥583.5m (up 11% from FY 2019). Net income: CN¥100.8m (down 1.6% from FY 2019). Profit margin: 17% (down from 20% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥43.35, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥38.33, the stock is trading at a trailing P/E ratio of 29x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 35x in the Chemicals industry in China. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥36.15 The company is down 20% from its price of CN¥45.25 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 Chemicals industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥38.05 The company is down 26% from its price of CN¥51.21 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥38.88, the stock is trading at a trailing P/E ratio of 29.4x, down from the previous P/E ratio of 34.7x. This compares to an average P/E of 35x in the Chemicals industry in China. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥43.28 The company is down 17% from its price of CN¥52.05 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to CN¥53.60, the stock is trading at a trailing P/E ratio of 40.6x, up from the previous P/E ratio of 34.3x. This compares to an average P/E of 39x in the Chemicals industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥103.7m, up 4.5% from the prior year. Total revenue was CN¥550.7m over the last 12 months, up 5.6% from the prior year. 