New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 171% Cash payout ratio: 179% Earnings have declined by 9.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.08 (down from CN¥0.94 in FY 2024). Revenue: CN¥2.48b (down 30% from FY 2024). Net income: CN¥42.9m (down 91% from FY 2024). Profit margin: 1.7% (down from 14% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 92%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. 공시 • Apr 29
Luyang Energy-Saving Materials Co., Ltd., Annual General Meeting, May 19, 2026 Luyang Energy-Saving Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China 공시 • Mar 31
Luyang Energy-Saving Materials Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Luyang Energy-Saving Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.49, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 27x in the Chemicals industry in China. Total loss to shareholders of 36% over the past three years. 공시 • Dec 31
Luyang Energy-Saving Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Luyang Energy-Saving Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Board Change • Nov 04
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director William Kaz Piotrowski was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 01
Luyang Energy-Saving Materials Co., Ltd. Announces Board Elections Luyang Energy-Saving Materials Co., Ltd. at its Extraordinary General Meeting of 2025 held on 30 October 2025, approved the election Jason Daniel Merszei, Martin Paul Melhorn and William Kaz Piotrowski as non-independent directors. The company approved Su Liyun and Jiang Hong as independent director. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.27 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.052 (down from CN¥0.27 in 3Q 2024). Revenue: CN¥600.6m (down 35% from 3Q 2024). Net income: CN¥26.8m (down 80% from 3Q 2024). Profit margin: 4.5% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% 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 fallen by 18% per year whereas the company’s share price has fallen by 17% per year. 공시 • Sep 30
Luyang Energy-Saving Materials Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Luyang Energy-Saving Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 122% Dividend yield: 6.7% 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. 공시 • Jul 02
Luyang Energy-Saving Materials Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Luyang Energy-Saving Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 11
Dividend of CN¥0.80 announced Dividend of CN¥0.80 is the same as last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 6.6%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.16 in 1Q 2024). Revenue: CN¥542.2m (down 23% from 1Q 2024). Net income: CN¥60.0m (down 27% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. 공시 • Apr 28
Luyang Energy-Saving Materials Co., Ltd., Annual General Meeting, May 19, 2025 Luyang Energy-Saving Materials Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China 공시 • Mar 31
Luyang Energy-Saving Materials Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Luyang Energy-Saving Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 공시 • Dec 31
Luyang Energy-Saving Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Luyang Energy-Saving Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.27 (down from CN¥0.28 in 3Q 2023). Revenue: CN¥926.8m (up 13% from 3Q 2023). Net income: CN¥134.8m (down 5.7% from 3Q 2023). Profit margin: 14% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 fallen by 7% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.19, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.88 per share. 공시 • Sep 30
Luyang Energy-Saving Materials Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Luyang Energy-Saving Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.47, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.88 per share. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.87b to CN¥3.56b. EPS estimate also fell from CN¥1.12 per share to CN¥0.96 per share. Net income forecast to grow 13% next year vs 46% growth forecast for Chemicals industry in China. Consensus price target down from CN¥16.90 to CN¥13.60. Share price fell 3.7% to CN¥10.17 over the past week. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥912.5m (up 2.4% from 2Q 2023). Net income: CN¥124.5m (down 16% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% 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 fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jul 01
Now 74% overvalued Over the last 90 days, the stock has fallen 22% to CN¥12.35. The fair value is estimated to be CN¥7.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. 공시 • Jun 29
Luyang Energy-Saving Materials Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Luyang Energy-Saving Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥12.87. The fair value is estimated to be CN¥16.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. 공시 • Jun 08
Luyang Energy-Saving Materials Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 14 June 2024 Luyang Energy-Saving Materials Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 8.00000000 on A shares for the year 2023. Record date is 13 June 2024. Ex-date is 14 June 2024. Payment date is 14 June 2024. Declared Dividend • Jun 08
Dividend of CN¥0.80 announced Dividend of CN¥0.80 is the same as last year. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (83% earnings payout ratio) but not covered by cash flows (127% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • Apr 29
Luyang Energy-Saving Materials Co., Ltd., Annual General Meeting, May 24, 2024 Luyang Energy-Saving Materials Co., Ltd., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China Buy Or Sell Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥12.48. The fair value is estimated to be CN¥15.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.27, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.64 per share. 공시 • Mar 30
Luyang Energy-Saving Materials Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Luyang Energy-Saving Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 공시 • Dec 30
Luyang Energy-Saving Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Luyang Energy-Saving Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.29 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28 (down from CN¥0.29 in 3Q 2022). Revenue: CN¥821.9m (down 4.5% from 3Q 2022). Net income: CN¥142.9m (down 2.5% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Revenue is forecast to grow 12% 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 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 18
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Qing Bin Zhu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 13
Price target decreased by 20% to CN¥27.28 Down from CN¥34.01, the current price target is an average from 2 analysts. New target price is 68% above last closing price of CN¥16.25. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥1.15 last year. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.39 in 2Q 2022). Revenue: CN¥890.7m (down 5.2% from 2Q 2022). Net income: CN¥148.9m (down 24% from 2Q 2022). Profit margin: 17% (down from 21% in 2Q 2022). Revenue is forecast to grow 14% 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 17% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jul 01
Luyang Energy-Saving Materials Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Luyang Energy-Saving Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.24 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.24 in 1Q 2022). Revenue: CN¥667.3m (up 2.2% from 1Q 2022). Net income: CN¥98.6m (down 19% from 1Q 2022). Profit margin: 15% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 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 22% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target increased to CN¥38.01 Up from CN¥13.81, the current price target is provided by 1 analyst. New target price is 69% above last closing price of CN¥22.51. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥1.06 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. Non-Employee Representative Supervisor Xiaoming Li is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.28 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.29 (up from CN¥0.28 in 3Q 2021). Revenue: CN¥861.0m (up 2.8% from 3Q 2021). Net income: CN¥146.5m (flat on 3Q 2021). Profit margin: 17% (in line with 3Q 2021). Revenue is forecast to grow 15% 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 26% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.28 in 2Q 2021). Revenue: CN¥940.0m (up 13% from 2Q 2021). Net income: CN¥196.7m (up 36% from 2Q 2021). Profit margin: 21% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 42% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥24.38, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.09 per share. 공시 • Jul 06
Luyang Energy-Saving Materials Co., Ltd. Announces Cash Dividend for 2021 on A Shares, Payable on 8 July 2022 Luyang Energy-Saving Materials Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 07 July 2022. Ex-date: 08 July 2022. Payment date: 08 July 2022. 공시 • May 24
Luyang Energy-Saving Materials Co., Ltd. Approves Cash Dividend for 2021 Luyang Energy-Saving Materials Co., Ltd. at its AGM held on May 20, 2022, approved cash dividend of CNY 7.00000000 per 10 shares (tax included) for 2021. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.23 in 1Q 2021). Revenue: CN¥653.2m (up 6.7% from 1Q 2021). Net income: CN¥121.6m (up 6.9% from 1Q 2021). Profit margin: 19% (in line with 1Q 2021). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 18%, compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Supervisor Yonghua Guo is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 16
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.06 (up from CN¥0.74 in FY 2020). Revenue: CN¥3.16b (up 36% from FY 2020). Net income: CN¥534.7m (up 44% from FY 2020). Profit margin: 17% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.11, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 78% over the past three years. Buying Opportunity • Apr 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be CN¥20.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 33% in the next 2 years. Buying Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CN¥21.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Reported Earnings • Feb 21
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.06 (up from CN¥0.74 in FY 2020). Revenue: CN¥3.16b (up 36% from FY 2020). Net income: CN¥534.7m (up 44% from FY 2020). Profit margin: 17% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 12%, compared to a 46% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.20 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¥837.6m (up 35% from 3Q 2020). Net income: CN¥146.2m (up 42% from 3Q 2020). Profit margin: 17% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥22.89, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥31.95, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 209% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.20 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥835.9m (up 52% from 2Q 2020). Net income: CN¥144.5m (up 85% from 2Q 2020). Profit margin: 17% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥23.82, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 118% over the past three years. 공시 • May 21
Luyang Energy-Saving Materials Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on May 26, 2021 Luyang Energy-Saving Materials Co., Ltd. announced final cash dividend on A shares of CNY 8.50 per 10 shares (tax included) for the year 2020. The dividend is payable on May 26, 2021 with record date as May 25, 2021 and ex-date as May 26, 2021. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥612.0m (up 82% from 1Q 2020). Net income: CN¥113.7m (up 179% from 1Q 2020). Profit margin: 19% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. 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 11% per year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥20.95, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 56% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥1.04 (vs CN¥0.96 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.33b (up 8.3% from FY 2019). Net income: CN¥370.1m (up 8.8% from FY 2019). Profit margin: 16% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.04 (vs CN¥0.96 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.33b (up 8.3% from FY 2019). Net income: CN¥370.1m (up 8.8% from FY 2019). Profit margin: 16% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 19%, compared to a 51% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.62, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.6x. This compares to an average P/E of 37x in the Chemicals industry in China. Total returns to shareholders over the past three years are 58%. Is New 90 Day High Low • Mar 01
New 90-day high: CN¥16.72 The company is up 34% from its price of CN¥12.50 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. 공시 • Feb 25
Luyang Energy-Saving Materials Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Luyang Energy-Saving Materials Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 03
New 90-day high: CN¥14.13 The company is up 26% from its price of CN¥11.18 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥13.83, the stock is trading at a trailing P/E ratio of 15.2x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 33%. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥10.13 The company is down 5.0% from its price of CN¥10.65 on 13 October 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 12% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 20% share price gain to CN¥13.33, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 7.7%. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥11.83 The company is up 19% from its price of CN¥9.91 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.29 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥621.6m (up 37% from 3Q 2019). Net income: CN¥103.3m (up 55% from 3Q 2019). Profit margin: 17% (up from 15% in 3Q 2019). 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 fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 14
New 90-day high: CN¥11.32 The company is up 20% from its price of CN¥9.47 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: CN¥11.01 The company is up 24% from its price of CN¥8.86 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 23% over the same period. 공시 • Aug 07
Luyang Energy-Saving Materials Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Luyang Energy-Saving Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020