View Financial HealthNovoray 배당 및 자사주 매입배당 기준 점검 2/6Novoray 수익으로 충분히 충당되는 현재 수익률 0.47% 보유한 배당금 지급 회사입니다.핵심 정보0.5%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률0.9%배당 성장률18.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향40%최근 배당 및 자사주 매입 업데이트Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. 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 covered by earnings (40% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 38% over the next year, which should provide support to the dividend and adequate earnings cover.Declared Dividend • May 26Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Declared Dividend • Jun 03Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 21% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover.모든 업데이트 보기Recent updates공고 • Jun 30Novoray Corporation to Report First Half, 2026 Results on Aug 15, 2026Novoray Corporation announced that they will report first half, 2026 results on Aug 15, 2026Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. 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 covered by earnings (40% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 38% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.21 (up from CN¥1.04 in FY 2024). Revenue: CN¥1.12b (up 16% from FY 2024). Net income: CN¥292.6m (up 16% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.공고 • Apr 21Novoray Corporation, Annual General Meeting, May 18, 2026Novoray Corporation, Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 2F, Comprehensive Building, No. 6, Zhujiang Road, Xinpu Economic Development Zone, Haizhou District, Lianyungang, Jiangsu China공고 • Mar 30Novoray Corporation to Report Q1, 2026 Results on Apr 28, 2026Novoray Corporation announced that they will report Q1, 2026 results on Apr 28, 2026Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥77.18, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 137% over the past three years.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥83.30, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Chemicals industry in China. Total returns to shareholders of 187% over the past three years.New Risk • Mar 08New 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. This is currently the only risk that has been identified for the company.Reported Earnings • Feb 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.21 (up from CN¥1.04 in FY 2024). Revenue: CN¥1.12b (up 16% from FY 2024). Net income: CN¥292.6m (up 16% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥72.00, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 157% over the past three years.공고 • Dec 26Novoray Corporation to Report Fiscal Year 2025 Results on Apr 22, 2026Novoray Corporation announced that they will report fiscal year 2025 results on Apr 22, 2026Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.28 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.28 in 3Q 2024). Revenue: CN¥304.6m (up 22% from 3Q 2024). Net income: CN¥81.4m (up 21% from 3Q 2024). Profit margin: 27% (in line with 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥53.56, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Chemicals industry in China. Total returns to shareholders of 114% over the past three years.공고 • Sep 30Novoray Corporation to Report Q3, 2025 Results on Oct 30, 2025Novoray Corporation announced that they will report Q3, 2025 results on Oct 30, 2025New Risk • Sep 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change).Valuation Update With 7 Day Price Move • Sep 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥53.13, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 82% over the past three years.New Risk • Aug 22New 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥59.60, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 107% over the past three years.공고 • Jun 30Novoray Corporation to Report First Half, 2025 Results on Aug 27, 2025Novoray Corporation announced that they will report first half, 2025 results on Aug 27, 2025Valuation Update With 7 Day Price Move • May 28Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to CN¥38.78, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 9.8% over the past three years.Declared Dividend • May 26Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥47.91, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 45% over the past three years.공고 • Mar 28Novoray Corporation to Report Q1, 2025 Results on Apr 29, 2025Novoray Corporation announced that they will report Q1, 2025 results on Apr 29, 2025Reported Earnings • Mar 27Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥1.35 (up from CN¥0.94 in FY 2023). Revenue: CN¥960.4m (up 35% from FY 2023). Net income: CN¥251.4m (up 45% from FY 2023). Profit margin: 26% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year.공고 • Mar 26Novoray Corporation, Annual General Meeting, Apr 17, 2025Novoray Corporation, Annual General Meeting, Apr 17, 2025, at 14:00 China Standard Time. Location: 3F, Comprehensive Building, No. 6, Zhujiang Road, Xinpu Economic Development Zone, Haizhou District, Lianyungang, Jiangsu China분석 기사 • Mar 06We Ran A Stock Scan For Earnings Growth And Novoray (SHSE:688300) Passed With EaseIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...분석 기사 • Feb 07These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt SafelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...분석 기사 • Jan 24Novoray (SHSE:688300) Is Reinvesting At Lower Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...분석 기사 • Jan 09Is There Now An Opportunity In Novoray Corporation (SHSE:688300)?Novoray Corporation ( SHSE:688300 ), is not the largest company out there, but it saw a significant share price rise of...공고 • Dec 27Novoray Corporation to Report Fiscal Year 2024 Results on Mar 26, 2025Novoray Corporation announced that they will report fiscal year 2024 results on Mar 26, 2025분석 기사 • Dec 26Novoray Corporation's (SHSE:688300) Shares Climb 31% But Its Business Is Yet to Catch UpNovoray Corporation ( SHSE:688300 ) shares have continued their recent momentum with a 31% gain in the last month...Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥69.76, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 41% over the past three years.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥61.88, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 46% over the past three years.분석 기사 • Nov 29Is Now The Time To Put Novoray (SHSE:688300) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥57.50, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 43% over the past three years.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.28 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥250.4m (up 27% from 3Q 2023). Net income: CN¥67.4m (up 30% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.분석 기사 • Oct 18Market Participants Recognise Novoray Corporation's (SHSE:688300) Earnings Pushing Shares 34% HigherNovoray Corporation ( SHSE:688300 ) shareholders would be excited to see that the share price has had a great month...분석 기사 • Oct 16These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Sep 30New 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 7.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change).공고 • Sep 30Novoray Corporation to Report Q3, 2024 Results on Oct 31, 2024Novoray Corporation announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥44.57, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 62% over the past three years.분석 기사 • Sep 26What Does Novoray Corporation's (SHSE:688300) Share Price Indicate?Novoray Corporation ( SHSE:688300 ), might not be a large cap stock, but it saw a decent share price growth of 11% on...Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥241.1m (up 43% from 2Q 2023). Net income: CN¥65.8m (up 49% from 2Q 2023). Profit margin: 27% (up from 26% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.분석 기사 • Aug 20If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...분석 기사 • Jul 29Novoray's (SHSE:688300) Returns On Capital Not Reflecting Well On The BusinessDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Price Target Changed • Jul 15Price target increased by 18% to CN¥65.00Up from CN¥55.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥53.67. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of CN¥1.29 for next year compared to CN¥0.94 last year.분석 기사 • Jul 13What Novoray Corporation's (SHSE:688300) P/E Is Not Telling YouNovoray Corporation's ( SHSE:688300 ) price-to-earnings (or "P/E") ratio of 48.4x might make it look like a strong sell...공고 • Jun 28Novoray Corporation to Report First Half, 2024 Results on Aug 26, 2024Novoray Corporation announced that they will report first half, 2024 results on Aug 26, 2024분석 기사 • Jun 19Why Novoray Corporation (SHSE:688300) Could Be Worth WatchingWhile Novoray Corporation ( SHSE:688300 ) might not have the largest market cap around , it saw a significant share...Declared Dividend • Jun 03Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 21% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • May 13If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.15 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.15 in 1Q 2023). Revenue: CN¥202.3m (up 40% from 1Q 2023). Net income: CN¥51.7m (up 80% from 1Q 2023). Profit margin: 26% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Apr 23Does Novoray (SHSE:688300) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Apr 01Novoray's (SHSE:688300) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsA lackluster earnings announcement from Novoray Corporation ( SHSE:688300 ) last week didn't sink the stock price. We...공고 • Mar 29Novoray Corporation to Report Q1, 2024 Results on Apr 26, 2024Novoray Corporation announced that they will report Q1, 2024 results on Apr 26, 2024분석 기사 • Mar 28Earnings Miss: Novoray Corporation Missed EPS By 8.5% And Analysts Are Revising Their ForecastsNovoray Corporation ( SHSE:688300 ) missed earnings with its latest annual results, disappointing overly-optimistic...공고 • Mar 26Novoray Corporation, Annual General Meeting, Apr 19, 2024Novoray Corporation, Annual General Meeting, Apr 19, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Lianyungang, Jiangsu ChinaReported Earnings • Mar 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.94 (down from CN¥1.01 in FY 2022). Revenue: CN¥711.7m (up 7.5% from FY 2022). Net income: CN¥174.0m (down 7.6% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 17% 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 increased by 22% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Mar 01Subdued Growth No Barrier To Novoray Corporation (SHSE:688300) With Shares Advancing 28%Novoray Corporation ( SHSE:688300 ) shareholders are no doubt pleased to see that the share price has bounced 28% in...분석 기사 • Feb 27When Should You Buy Novoray Corporation (SHSE:688300)?Novoray Corporation ( SHSE:688300 ), is not the largest company out there, but it received a lot of attention from a...Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥35.82, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years.New Risk • Nov 15New 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 6.4% 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. 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. Share price has been volatile over the past 3 months (6.4% average weekly change).Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥57.99, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 149% over the past three years.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.21 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.21 in 3Q 2022). Revenue: CN¥196.7m (up 43% from 3Q 2022). Net income: CN¥51.8m (up 33% from 3Q 2022). Profit margin: 26% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% 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 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.26 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥169.1m (down 2.4% from 2Q 2022). Net income: CN¥44.3m (down 11% from 2Q 2022). Profit margin: 26% (down from 29% in 2Q 2022). Revenue is forecast to grow 26% 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 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 11Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥53.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 76% in 2 years. Earnings is forecast to grow by 94% in the next 2 years.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥51.75, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.12 per share.Reported Earnings • May 02First quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 1Q 2022). Revenue: CN¥145.0m (down 18% from 1Q 2022). Net income: CN¥28.7m (down 33% from 1Q 2022). Profit margin: 20% (down from 24% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 24% per year whereas the company’s share price has increased by 23% per year.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 32%After last week's 32% share price gain to CN¥87.58, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 175% over the past three years.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥67.18, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 95% over the past three years.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CN¥1.51 (vs CN¥1.39 in FY 2021)Full year 2022 results: EPS: CN¥1.51 (up from CN¥1.39 in FY 2021). Revenue: CN¥662.0m (up 6.0% from FY 2021). Net income: CN¥188.2m (up 8.9% from FY 2021). Profit margin: 28% (in line with FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 2 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 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target decreased to CN¥54.21Down from CN¥81.66, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥52.00. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.81 for next year compared to CN¥1.39 last year.Board Change • Nov 16Less 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. 4 non-independent directors. Independent Director Dong Hui Pan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥73.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 7.0% over the past year.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.58 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.46 (down from CN¥0.58 in 3Q 2021). Revenue: CN¥137.2m (down 18% from 3Q 2021). Net income: CN¥39.0m (down 22% from 3Q 2021). Profit margin: 28% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥89.02, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 23% over the past year.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: CN¥0.57 (vs CN¥0.49 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.57 (up from CN¥0.49 in 2Q 2021). Revenue: CN¥173.2m (up 16% from 2Q 2021). Net income: CN¥49.5m (up 17% from 2Q 2021). Profit margin: 29% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 39%, compared to a 42% growth forecast for the Chemicals industry in China.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥97.51, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 41% over the past year.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥79.70, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 35% over the past year.Price Target Changed • Apr 27Price target increased to CN¥118Up from CN¥69.68, the current price target is an average from 2 analysts. New target price is 100% above last closing price of CN¥59.14. Stock is up 3.6% over the past year. The company is forecast to post earnings per share of CN¥2.99 for next year compared to CN¥2.01 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chunyan Lu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Mar 04Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.01 (up from CN¥1.29 in FY 2020). Revenue: CN¥624.7m (up 55% from FY 2020). Net income: CN¥172.9m (up 56% from FY 2020). Profit margin: 28% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 43%, compared to a 48% growth forecast for the industry in China.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥107, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 105% over the past year.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.58 (vs CN¥0.33 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥166.3m (up 54% from 3Q 2020). Net income: CN¥49.8m (up 77% from 3Q 2020). Profit margin: 30% (up from 26% in 3Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.29 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥149.6m (up 49% from 2Q 2020). Net income: CN¥42.4m (up 70% from 2Q 2020). Profit margin: 28% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥77.89, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 40% over the past year.Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥74.43, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 16% over the past year.Price Target Changed • Apr 28Price target increased to CN¥69.68Up from CN¥64.45, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥57.11. Stock is up 14% over the past year.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.21 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥139.4m (up 99% from 1Q 2020). Net income: CN¥36.7m (up 106% from 1Q 2020). Profit margin: 26% (in line with 1Q 2020).Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥53.20, the stock is trading at a trailing P/E ratio of 47.7x, up from the previous P/E ratio of 40.5x. This compares to an average P/E of 37x in the Chemicals industry in China. Total return to shareholders over the past year is a loss of 1.1%.Is New 90 Day High Low • Feb 05New 90-day low: CN¥40.31The company is down 25% from its price of CN¥54.00 on 06 November 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 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.50 per share.Is New 90 Day High Low • Jan 13New 90-day low: CN¥40.48The company is down 24% from its price of CN¥53.29 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.41 per share.Is New 90 Day High Low • Dec 23New 90-day low: CN¥47.02The company is down 9.0% from its price of CN¥51.88 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.50 per share.Valuation Update With 7 Day Price Move • Nov 16Market pulls back on stock over the past weekAfter last week's 15% share price decline to CN¥47.12, the stock is trading at a trailing P/E ratio of 42.3x, down from the previous P/E ratio of 49.9x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past year are 27%.Is New 90 Day High Low • Nov 03New 90-day low: CN¥50.10The company is down 25% from its price of CN¥66.52 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 3.0% over the same period.Reported Earnings • Oct 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥92.2m, up 32% from the prior year. Total revenue was CN¥367.2m over the last 12 months, up 22% from the prior year.Major Estimate Revision • Oct 24Analysts lower revenue estimates to CN¥394.0mThe 2020 consensus revenue estimate decreased from CN¥489.0m. Earning per share (EPS) estimate was also lowered from CN¥1.40 to CN¥1.14 for the same period. Net income is expected to grow by 38% next year compared to 42% growth forecast for the Chemicals industry in China. The consensus price target was lowered from CN¥79.55 to CN¥69.75. Share price is up 1.8% to CN¥53.10 over the past week.공고 • Oct 19Novoray Corporation to Report Q3, 2020 Results on Oct 22, 2020Novoray Corporation announced that they will report Q3, 2020 results on Oct 22, 2020Is New 90 Day High Low • Sep 24New 90-day low: CN¥51.88The company is down 20% from its price of CN¥64.56 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 배당금 지급이 안정적인 반면, 688300 은(는) 배당금을 지급한 지 10년도 채 되지 않았습니다.배당금 증가: 688300 의 배당금 지급이 증가했지만 회사는 6 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Novoray 배당 수익률 vs 시장688300의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (688300)0.5%시장 하위 25% (CN)0.4%시장 상위 25% (CN)2.2%업계 평균 (Chemicals)1.5%분석가 예측 (688300) (최대 3년)0.9%주목할만한 배당금: 688300 의 배당금( 0.47% )은 CN 시장에서 배당금 지급자의 하위 25%( 0.45% )보다 높습니다.고배당: 688300 의 배당금( 0.47% )은 CN 시장에서 배당금 지급자의 상위 25%( 2.23% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 40% )로 688300 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 90.8% )이 높기 때문에 688300 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/01 01:48종가2026/07/31 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Novoray Corporation는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yilin HouChina International Capital Corporation LimitedChao LiCitic Securities Co., Ltd.Wei LiuHaitong International Research Limited
Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. 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 covered by earnings (40% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 38% over the next year, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • May 26Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • Jun 03Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 21% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Jun 30Novoray Corporation to Report First Half, 2026 Results on Aug 15, 2026Novoray Corporation announced that they will report first half, 2026 results on Aug 15, 2026
Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. 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 covered by earnings (40% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 38% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.21 (up from CN¥1.04 in FY 2024). Revenue: CN¥1.12b (up 16% from FY 2024). Net income: CN¥292.6m (up 16% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Apr 21Novoray Corporation, Annual General Meeting, May 18, 2026Novoray Corporation, Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 2F, Comprehensive Building, No. 6, Zhujiang Road, Xinpu Economic Development Zone, Haizhou District, Lianyungang, Jiangsu China
공고 • Mar 30Novoray Corporation to Report Q1, 2026 Results on Apr 28, 2026Novoray Corporation announced that they will report Q1, 2026 results on Apr 28, 2026
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥77.18, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 137% over the past three years.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥83.30, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Chemicals industry in China. Total returns to shareholders of 187% over the past three years.
New Risk • Mar 08New 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Feb 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.21 (up from CN¥1.04 in FY 2024). Revenue: CN¥1.12b (up 16% from FY 2024). Net income: CN¥292.6m (up 16% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥72.00, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 157% over the past three years.
공고 • Dec 26Novoray Corporation to Report Fiscal Year 2025 Results on Apr 22, 2026Novoray Corporation announced that they will report fiscal year 2025 results on Apr 22, 2026
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.28 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.28 in 3Q 2024). Revenue: CN¥304.6m (up 22% from 3Q 2024). Net income: CN¥81.4m (up 21% from 3Q 2024). Profit margin: 27% (in line with 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥53.56, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Chemicals industry in China. Total returns to shareholders of 114% over the past three years.
공고 • Sep 30Novoray Corporation to Report Q3, 2025 Results on Oct 30, 2025Novoray Corporation announced that they will report Q3, 2025 results on Oct 30, 2025
New Risk • Sep 03New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change).
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥53.13, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 82% over the past three years.
New Risk • Aug 22New 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥59.60, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 107% over the past three years.
공고 • Jun 30Novoray Corporation to Report First Half, 2025 Results on Aug 27, 2025Novoray Corporation announced that they will report first half, 2025 results on Aug 27, 2025
Valuation Update With 7 Day Price Move • May 28Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to CN¥38.78, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 9.8% over the past three years.
Declared Dividend • May 26Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥47.91, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 45% over the past three years.
공고 • Mar 28Novoray Corporation to Report Q1, 2025 Results on Apr 29, 2025Novoray Corporation announced that they will report Q1, 2025 results on Apr 29, 2025
Reported Earnings • Mar 27Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥1.35 (up from CN¥0.94 in FY 2023). Revenue: CN¥960.4m (up 35% from FY 2023). Net income: CN¥251.4m (up 45% from FY 2023). Profit margin: 26% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year.
공고 • Mar 26Novoray Corporation, Annual General Meeting, Apr 17, 2025Novoray Corporation, Annual General Meeting, Apr 17, 2025, at 14:00 China Standard Time. Location: 3F, Comprehensive Building, No. 6, Zhujiang Road, Xinpu Economic Development Zone, Haizhou District, Lianyungang, Jiangsu China
분석 기사 • Mar 06We Ran A Stock Scan For Earnings Growth And Novoray (SHSE:688300) Passed With EaseIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
분석 기사 • Feb 07These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt SafelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
분석 기사 • Jan 24Novoray (SHSE:688300) Is Reinvesting At Lower Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
분석 기사 • Jan 09Is There Now An Opportunity In Novoray Corporation (SHSE:688300)?Novoray Corporation ( SHSE:688300 ), is not the largest company out there, but it saw a significant share price rise of...
공고 • Dec 27Novoray Corporation to Report Fiscal Year 2024 Results on Mar 26, 2025Novoray Corporation announced that they will report fiscal year 2024 results on Mar 26, 2025
분석 기사 • Dec 26Novoray Corporation's (SHSE:688300) Shares Climb 31% But Its Business Is Yet to Catch UpNovoray Corporation ( SHSE:688300 ) shares have continued their recent momentum with a 31% gain in the last month...
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥69.76, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 41% over the past three years.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥61.88, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 46% over the past three years.
분석 기사 • Nov 29Is Now The Time To Put Novoray (SHSE:688300) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥57.50, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 43% over the past three years.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.28 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥250.4m (up 27% from 3Q 2023). Net income: CN¥67.4m (up 30% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.
분석 기사 • Oct 18Market Participants Recognise Novoray Corporation's (SHSE:688300) Earnings Pushing Shares 34% HigherNovoray Corporation ( SHSE:688300 ) shareholders would be excited to see that the share price has had a great month...
분석 기사 • Oct 16These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Sep 30New 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 7.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change).
공고 • Sep 30Novoray Corporation to Report Q3, 2024 Results on Oct 31, 2024Novoray Corporation announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥44.57, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 62% over the past three years.
분석 기사 • Sep 26What Does Novoray Corporation's (SHSE:688300) Share Price Indicate?Novoray Corporation ( SHSE:688300 ), might not be a large cap stock, but it saw a decent share price growth of 11% on...
Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥241.1m (up 43% from 2Q 2023). Net income: CN¥65.8m (up 49% from 2Q 2023). Profit margin: 27% (up from 26% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.
분석 기사 • Aug 20If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
분석 기사 • Jul 29Novoray's (SHSE:688300) Returns On Capital Not Reflecting Well On The BusinessDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
Price Target Changed • Jul 15Price target increased by 18% to CN¥65.00Up from CN¥55.00, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥53.67. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of CN¥1.29 for next year compared to CN¥0.94 last year.
분석 기사 • Jul 13What Novoray Corporation's (SHSE:688300) P/E Is Not Telling YouNovoray Corporation's ( SHSE:688300 ) price-to-earnings (or "P/E") ratio of 48.4x might make it look like a strong sell...
공고 • Jun 28Novoray Corporation to Report First Half, 2024 Results on Aug 26, 2024Novoray Corporation announced that they will report first half, 2024 results on Aug 26, 2024
분석 기사 • Jun 19Why Novoray Corporation (SHSE:688300) Could Be Worth WatchingWhile Novoray Corporation ( SHSE:688300 ) might not have the largest market cap around , it saw a significant share...
Declared Dividend • Jun 03Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 21% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • May 13If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An OpportunityIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.15 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.15 in 1Q 2023). Revenue: CN¥202.3m (up 40% from 1Q 2023). Net income: CN¥51.7m (up 80% from 1Q 2023). Profit margin: 26% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Apr 23Does Novoray (SHSE:688300) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Apr 01Novoray's (SHSE:688300) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsA lackluster earnings announcement from Novoray Corporation ( SHSE:688300 ) last week didn't sink the stock price. We...
공고 • Mar 29Novoray Corporation to Report Q1, 2024 Results on Apr 26, 2024Novoray Corporation announced that they will report Q1, 2024 results on Apr 26, 2024
분석 기사 • Mar 28Earnings Miss: Novoray Corporation Missed EPS By 8.5% And Analysts Are Revising Their ForecastsNovoray Corporation ( SHSE:688300 ) missed earnings with its latest annual results, disappointing overly-optimistic...
공고 • Mar 26Novoray Corporation, Annual General Meeting, Apr 19, 2024Novoray Corporation, Annual General Meeting, Apr 19, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Lianyungang, Jiangsu China
Reported Earnings • Mar 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.94 (down from CN¥1.01 in FY 2022). Revenue: CN¥711.7m (up 7.5% from FY 2022). Net income: CN¥174.0m (down 7.6% from FY 2022). Profit margin: 24% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 17% 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 increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Mar 01Subdued Growth No Barrier To Novoray Corporation (SHSE:688300) With Shares Advancing 28%Novoray Corporation ( SHSE:688300 ) shareholders are no doubt pleased to see that the share price has bounced 28% in...
분석 기사 • Feb 27When Should You Buy Novoray Corporation (SHSE:688300)?Novoray Corporation ( SHSE:688300 ), is not the largest company out there, but it received a lot of attention from a...
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥35.82, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years.
New Risk • Nov 15New 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 6.4% 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. 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. Share price has been volatile over the past 3 months (6.4% average weekly change).
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥57.99, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 149% over the past three years.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.21 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.21 in 3Q 2022). Revenue: CN¥196.7m (up 43% from 3Q 2022). Net income: CN¥51.8m (up 33% from 3Q 2022). Profit margin: 26% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% 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 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.26 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥169.1m (down 2.4% from 2Q 2022). Net income: CN¥44.3m (down 11% from 2Q 2022). Profit margin: 26% (down from 29% in 2Q 2022). Revenue is forecast to grow 26% 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 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 11Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥53.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 76% in 2 years. Earnings is forecast to grow by 94% in the next 2 years.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥51.75, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.12 per share.
Reported Earnings • May 02First quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 1Q 2022). Revenue: CN¥145.0m (down 18% from 1Q 2022). Net income: CN¥28.7m (down 33% from 1Q 2022). Profit margin: 20% (down from 24% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 24% per year whereas the company’s share price has increased by 23% per year.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 32%After last week's 32% share price gain to CN¥87.58, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 175% over the past three years.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥67.18, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 95% over the past three years.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CN¥1.51 (vs CN¥1.39 in FY 2021)Full year 2022 results: EPS: CN¥1.51 (up from CN¥1.39 in FY 2021). Revenue: CN¥662.0m (up 6.0% from FY 2021). Net income: CN¥188.2m (up 8.9% from FY 2021). Profit margin: 28% (in line with FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 2 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 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target decreased to CN¥54.21Down from CN¥81.66, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥52.00. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.81 for next year compared to CN¥1.39 last year.
Board Change • Nov 16Less 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. 4 non-independent directors. Independent Director Dong Hui Pan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥73.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 7.0% over the past year.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.58 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.46 (down from CN¥0.58 in 3Q 2021). Revenue: CN¥137.2m (down 18% from 3Q 2021). Net income: CN¥39.0m (down 22% from 3Q 2021). Profit margin: 28% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥89.02, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 23% over the past year.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: CN¥0.57 (vs CN¥0.49 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.57 (up from CN¥0.49 in 2Q 2021). Revenue: CN¥173.2m (up 16% from 2Q 2021). Net income: CN¥49.5m (up 17% from 2Q 2021). Profit margin: 29% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 39%, compared to a 42% growth forecast for the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥97.51, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 41% over the past year.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥79.70, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 35% over the past year.
Price Target Changed • Apr 27Price target increased to CN¥118Up from CN¥69.68, the current price target is an average from 2 analysts. New target price is 100% above last closing price of CN¥59.14. Stock is up 3.6% over the past year. The company is forecast to post earnings per share of CN¥2.99 for next year compared to CN¥2.01 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chunyan Lu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Mar 04Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.01 (up from CN¥1.29 in FY 2020). Revenue: CN¥624.7m (up 55% from FY 2020). Net income: CN¥172.9m (up 56% from FY 2020). Profit margin: 28% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 43%, compared to a 48% growth forecast for the industry in China.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥107, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 105% over the past year.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.58 (vs CN¥0.33 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥166.3m (up 54% from 3Q 2020). Net income: CN¥49.8m (up 77% from 3Q 2020). Profit margin: 30% (up from 26% in 3Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.29 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥149.6m (up 49% from 2Q 2020). Net income: CN¥42.4m (up 70% from 2Q 2020). Profit margin: 28% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥77.89, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 40% over the past year.
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥74.43, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 16% over the past year.
Price Target Changed • Apr 28Price target increased to CN¥69.68Up from CN¥64.45, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥57.11. Stock is up 14% over the past year.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.21 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥139.4m (up 99% from 1Q 2020). Net income: CN¥36.7m (up 106% from 1Q 2020). Profit margin: 26% (in line with 1Q 2020).
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥53.20, the stock is trading at a trailing P/E ratio of 47.7x, up from the previous P/E ratio of 40.5x. This compares to an average P/E of 37x in the Chemicals industry in China. Total return to shareholders over the past year is a loss of 1.1%.
Is New 90 Day High Low • Feb 05New 90-day low: CN¥40.31The company is down 25% from its price of CN¥54.00 on 06 November 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 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.50 per share.
Is New 90 Day High Low • Jan 13New 90-day low: CN¥40.48The company is down 24% from its price of CN¥53.29 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.41 per share.
Is New 90 Day High Low • Dec 23New 90-day low: CN¥47.02The company is down 9.0% from its price of CN¥51.88 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.50 per share.
Valuation Update With 7 Day Price Move • Nov 16Market pulls back on stock over the past weekAfter last week's 15% share price decline to CN¥47.12, the stock is trading at a trailing P/E ratio of 42.3x, down from the previous P/E ratio of 49.9x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past year are 27%.
Is New 90 Day High Low • Nov 03New 90-day low: CN¥50.10The company is down 25% from its price of CN¥66.52 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is down 3.0% over the same period.
Reported Earnings • Oct 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥92.2m, up 32% from the prior year. Total revenue was CN¥367.2m over the last 12 months, up 22% from the prior year.
Major Estimate Revision • Oct 24Analysts lower revenue estimates to CN¥394.0mThe 2020 consensus revenue estimate decreased from CN¥489.0m. Earning per share (EPS) estimate was also lowered from CN¥1.40 to CN¥1.14 for the same period. Net income is expected to grow by 38% next year compared to 42% growth forecast for the Chemicals industry in China. The consensus price target was lowered from CN¥79.55 to CN¥69.75. Share price is up 1.8% to CN¥53.10 over the past week.
공고 • Oct 19Novoray Corporation to Report Q3, 2020 Results on Oct 22, 2020Novoray Corporation announced that they will report Q3, 2020 results on Oct 22, 2020
Is New 90 Day High Low • Sep 24New 90-day low: CN¥51.88The company is down 20% from its price of CN¥64.56 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period.