New Risk • Jun 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Declared Dividend • Jun 01
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 2nd June 2026 Payment date: 2nd June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • May 30
Shandong Sinocera Functional Material Co., Ltd. Approves Cash Dividend on A Shares for 2025, Payable on 02 June 2026 Shandong Sinocera Functional Material Co., Ltd. announced: Cash dividend/10 A shares (tax included): CNY 1.00000000 for 2025. Record date: 01 June 2026; Ex-date: 02 June 2026; and Payment date:02 June 2026. Price Target Changed • May 28
Price target increased by 15% to CN¥44.76 Up from CN¥39.02, the current price target is an average from 8 analysts. New target price is 16% below last closing price of CN¥52.99. Stock is up 220% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥0.62 last year. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥48.40, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.96 per share. Buy Or Sell Opportunity • May 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to CN¥41.01. The fair value is estimated to be CN¥33.78, however this is not to be taken as a sell 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 12%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Board Change • May 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Non-Independent Director Han Chen was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 24
Price target increased by 7.8% to CN¥38.24 Up from CN¥35.48, the current price target is an average from 8 analysts. New target price is 7.7% above last closing price of CN¥35.51. Stock is up 113% over the past year. The company is forecast to post earnings per share of CN¥0.83 for next year compared to CN¥0.62 last year. New Risk • Apr 22
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 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 (8.7% average weekly change). Price Target Changed • Apr 21
Price target increased by 9.2% to CN¥37.24 Up from CN¥34.10, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CN¥35.88. Stock is up 114% over the past year. The company is forecast to post earnings per share of CN¥0.87 for next year compared to CN¥0.62 last year. Reported Earnings • Apr 21
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.62 (up from CN¥0.61 in FY 2024). Revenue: CN¥4.58b (up 13% from FY 2024). Net income: CN¥610.3m (flat on FY 2024). Profit margin: 13% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 14% 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 12% per year whereas the company’s share price has increased by 9% per year. 공시 • Apr 21
Shandong Sinocera Functional Material Co., Ltd., Annual General Meeting, May 15, 2026 Shandong Sinocera Functional Material Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China Buy Or Sell Opportunity • Apr 10
Now 23% overvalued Over the last 90 days, the stock has fallen 3.0% to CN¥32.86. The fair value is estimated to be CN¥26.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. 공시 • Mar 31
Shandong Sinocera Functional Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shandong Sinocera Functional Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Mar 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to CN¥31.75. The fair value is estimated to be CN¥26.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥30.80, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.59 per share. Price Target Changed • Mar 02
Price target increased by 11% to CN¥34.10 Up from CN¥30.60, the current price target is an average from 8 analysts. New target price is 11% below last closing price of CN¥38.51. Stock is up 99% over the past year. The company is forecast to post earnings per share of CN¥0.69 for next year compared to CN¥0.61 last year. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥36.60, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.56 per share. Buy Or Sell Opportunity • Feb 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to CN¥30.99. The fair value is estimated to be CN¥25.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Price Target Changed • Jan 17
Price target increased by 14% to CN¥30.60 Up from CN¥26.78, the current price target is an average from 8 analysts. New target price is 7.8% below last closing price of CN¥33.18. Stock is up 94% over the past year. The company is forecast to post earnings per share of CN¥0.69 for next year compared to CN¥0.61 last year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥33.88, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.92 per share. 공시 • Dec 31
Shandong Sinocera Functional Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Shandong Sinocera Functional Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Price Target Changed • Dec 29
Price target increased by 10.0% to CN¥26.78 Up from CN¥24.34, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CN¥27.69. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.61 last year. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 24x in the Chemicals industry in China. Total loss to shareholders of 5.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.00 per share. Buy Or Sell Opportunity • Dec 12
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to CN¥28.00. The fair value is estimated to be CN¥21.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥1.13b (up 12% from 3Q 2024). Net income: CN¥157.7m (up 3.9% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 18% 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 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Oct 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% 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 (7.3% average weekly change). New Risk • Oct 16
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 • Sep 30
Shandong Sinocera Functional Material Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shandong Sinocera Functional Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 공시 • Sep 08
Shandong Sinocera Functional Material Co., Ltd. Appoints Chen Han as Non-Independent Director Shandong Sinocera Functional Material Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 05 September 2025, Approved the appointment of Chen Han as non-independent director. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Non-Independent Director Yue Wang was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Aug 25
Price target increased by 7.9% to CN¥24.11 Up from CN¥22.34, the current price target is an average from 9 analysts. New target price is 17% above last closing price of CN¥20.57. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.61 last year. 공시 • Aug 22
Shandong Sinocera Functional Material Co., Ltd. Announces the Profit Distribution Proposal for the First Half of 2025 Shandong Sinocera Functional Material Co., Ltd. announced on 19 August 2025 the profit distribution proposal for the first half of 2025 as follows: Cash dividend per 10 shares (tax included) of CNY 0.50000000. Reported Earnings • Aug 21
Second quarter 2025 earnings: EPS in line with expectations, revenues disappoint Second quarter 2025 results: EPS: CN¥0.19 (down from CN¥0.20 in 2Q 2024). Revenue: CN¥1.18b (up 4.7% from 2Q 2024). Net income: CN¥195.9m (flat on 2Q 2024). Profit margin: 17% (in line with 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 공시 • Jul 02
Shandong Sinocera Functional Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Shandong Sinocera Functional Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Declared Dividend • Jun 04
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 50% higher than last year. Ex-date: 9th June 2025 Payment date: 9th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to CN¥16.45. The fair value is estimated to be CN¥20.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 5.6%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Major Estimate Revision • May 02
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.97b to CN¥4.87b. EPS estimate also fell from CN¥0.873 per share to CN¥0.729 per share. Net income forecast to grow 30% next year vs 44% growth forecast for Chemicals industry in China. Consensus price target down from CN¥24.52 to CN¥23.67. Share price was steady at CN¥16.80 over the past week. 공시 • Apr 23
Shandong Sinocera Functional Material Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Shandong Sinocera Functional Material Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.50000000 for the year 2024. Reported Earnings • Apr 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.61 (up from CN¥0.57 in FY 2023). Revenue: CN¥4.05b (up 4.9% from FY 2023). Net income: CN¥604.8m (up 6.3% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 17% 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 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. 공시 • Apr 22
Shandong Sinocera Functional Material Co., Ltd., Annual General Meeting, May 19, 2025 Shandong Sinocera Functional Material Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China Buy Or Sell Opportunity • Apr 07
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CN¥16.19. The fair value is estimated to be CN¥20.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. 공시 • Mar 31
Shandong Sinocera Functional Material Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shandong Sinocera Functional Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 공시 • Dec 31
Shandong Sinocera Functional Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Shandong Sinocera Functional Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 공시 • Nov 29
Wang Hong Completed the acquisition of 5% stake in Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) from Zhang Xi. Wang Hong agreed to acquire 5% stake in Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) from Zhang Xi for approximately CNY 740 million on September 27, 2024. Wang Hong will acquire 49.86 million shares at CNY 14.80 per share. The transaction is subject to approval by Shenzhen Stock Exchange.
Wang Hong Completed the acquisition of 5% stake in Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) from Zhang Xi on November 27, 2024. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥1.01b (up 8.1% from 3Q 2023). Net income: CN¥151.8m (up 25% from 3Q 2023). Profit margin: 15% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 19% 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 14% per year but the company’s share price has fallen by 24% 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 21% After last week's 21% share price decline to CN¥18.29, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 58% over the past three years. 공시 • Sep 30
Shandong Sinocera Functional Material Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong Sinocera Functional Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥17.66, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 57% over the past three years. Reported Earnings • Jul 31
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.20. Revenue: CN¥1.13b (up 5.8% from 2Q 2023). Net income: CN¥197.1m (flat on 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Price Target Changed • Jul 25
Price target decreased by 9.0% to CN¥25.83 Down from CN¥28.37, the current price target is an average from 9 analysts. New target price is 41% above last closing price of CN¥18.37. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.76 for next year compared to CN¥0.57 last year. Buy Or Sell Opportunity • Jul 01
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to CN¥17.47. The fair value is estimated to be CN¥25.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. 공시 • Jun 29
Shandong Sinocera Functional Material Co., Ltd. to Report First Half, 2024 Results on Jul 31, 2024 Shandong Sinocera Functional Material Co., Ltd. announced that they will report first half, 2024 results on Jul 31, 2024 Buy Or Sell Opportunity • Jun 25
Now 21% undervalued Over the last 90 days, the stock has risen 6.7% to CN¥17.97. The fair value is estimated to be CN¥22.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. Declared Dividend • May 23
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 27
Price target decreased by 8.7% to CN¥28.76 Down from CN¥31.49, the current price target is an average from 11 analysts. New target price is 52% above last closing price of CN¥18.96. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.57 last year. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥4.58b to CN¥4.64b. EPS estimate fell from CN¥0.89 to CN¥0.775 per share. Net income forecast to grow 36% next year vs 42% growth forecast for Chemicals industry in China. Consensus price target down from CN¥31.49 to CN¥29.38. Share price rose 5.6% to CN¥18.31 over the past week. Reported Earnings • Apr 20
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.57 (up from CN¥0.50 in FY 2022). Revenue: CN¥3.86b (up 22% from FY 2022). Net income: CN¥569.1m (up 14% from FY 2022). Profit margin: 15% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 16% 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 15% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. 공시 • Apr 20
Shandong Sinocera Functional Material Co., Ltd., Annual General Meeting, May 10, 2024 Shandong Sinocera Functional Material Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China 공시 • Mar 30
Shandong Sinocera Functional Material Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shandong Sinocera Functional Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥20.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.92 per share. 공시 • Feb 08
Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) announces an Equity Buyback for CNY 200 million worth of its shares. Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 25 per share. The shares purchased will be used for the company's equity incentives or employee stock ownership plans. The program will be funded from the company's own funds. The program will be valid for 12 months. Buying Opportunity • Jan 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥28.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 53% in 2 years. Earnings is forecast to grow by 132% in the next 2 years. 공시 • Dec 29
Shandong Sinocera Functional Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Shandong Sinocera Functional Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Buying Opportunity • Dec 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥28.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 53% in 2 years. Earnings is forecast to grow by 132% in the next 2 years. Price Target Changed • Nov 17
Price target decreased by 8.4% to CN¥34.26 Down from CN¥37.42, the current price target is an average from 9 analysts. New target price is 40% above last closing price of CN¥24.46. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.64 for next year compared to CN¥0.50 last year. Major Estimate Revision • Nov 02
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.04b to CN¥3.82b. EPS estimate also fell from CN¥0.747 per share to CN¥0.633 per share. Net income forecast to grow 82% next year vs 66% growth forecast for Chemicals industry in China. Consensus price target down from CN¥37.42 to CN¥35.46. Share price rose 4.8% to CN¥24.25 over the past week. Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.056 in 3Q 2022). Revenue: CN¥936.8m (up 32% from 3Q 2022). Net income: CN¥121.9m (up 125% from 3Q 2022). Profit margin: 13% (up from 7.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 22% 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 fallen by 12% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Oct 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be CN¥29.32, 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 declined by 6.2%. Revenue is forecast to grow by 64% in 2 years. Earnings is forecast to grow by 168% in the next 2 years. Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥1.06b (up 19% from 2Q 2022). Net income: CN¥195.5m (flat on 2Q 2022). Profit margin: 18% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 22% 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 fallen by 6% per year and the company’s share price has also fallen by 6% per year. 공시 • Jul 01
Shandong Sinocera Functional Material Co., Ltd. to Report First Half, 2023 Results on Aug 09, 2023 Shandong Sinocera Functional Material Co., Ltd. announced that they will report first half, 2023 results on Aug 09, 2023 공시 • May 20
Shandong Sinocera Functional Material Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 26, 2023 Shandong Sinocera Functional Material Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2022. Record date is May 25, 2023. Ex-date is May 26, 2023. Payment date is May 26, 2023. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.26b to CN¥4.10b. EPS estimate also fell from CN¥0.931 per share to CN¥0.78 per share. Net income forecast to grow 59% next year vs 39% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥40.41. Share price fell 9.0% to CN¥27.06 over the past week. Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.50 (down from CN¥0.79 in FY 2021). Revenue: CN¥3.17b (flat on FY 2021). Net income: CN¥497.0m (down 38% from FY 2021). Profit margin: 16% (down from 25% in FY 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 25% 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 10% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥33.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.19 per share. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥26.24, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.81 per share. Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 16% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.86b to CN¥3.24b. EPS estimate fell from CN¥0.96 to CN¥0.62 per share. Net income forecast to grow 57% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target down from CN¥47.37 to CN¥42.19. Share price fell 2.4% to CN¥23.08 over the past week. Price Target Changed • Oct 28
Price target decreased to CN¥43.32 Down from CN¥47.37, the current price target is an average from 8 analysts. New target price is 92% above last closing price of CN¥22.59. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥0.79 last year. 공시 • Oct 27
Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) agreed to acquire Saichuang Electric (Tongling) Co., Ltd. from a group of shareholders for approximately CNY 400 million. Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) agreed to acquire Saichuang Electric (Tongling) Co., Ltd. from a group of shareholders for approximately CNY 400 million on October 26, 2022. As of August 31, 2022, Saichuang Electric (Tongling) Co., Ltd. generated total assets of CNY 122.9991 million and net assets of CNY 56.1737 million. The transaction is approved by board of directors of Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285). Reported Earnings • Oct 25
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.056 (down from CN¥0.21 in 3Q 2021). Revenue: CN¥712.3m (down 11% from 3Q 2021). Net income: CN¥54.2m (down 74% from 3Q 2021). Profit margin: 7.6% (down from 26% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 63%. Revenue is forecast to grow 29% 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 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.20 in 2Q 2021). Revenue: CN¥894.2m (up 4.9% from 2Q 2021). Net income: CN¥194.7m (down 6.6% from 2Q 2021). Profit margin: 22% (down from 24% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 34%, 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 18% per year whereas the company’s share price has increased by 13% per year. 공시 • Aug 23
Shandong Sinocera Functional Material Co., Ltd. Announces Executive Appointments Shandong Sinocera Functional Material Co., Ltd. at the Extraordinary General Meeting held on 19 August 2022, approved election and nomination of non-independent directors, cumulative voting system applicable: Wang Yue, Wang Yue; Election and nomination of independent directors, cumulative voting system applicable: Liu Xinmei, Li Jidong. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥32.66, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.50 per share. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.19 in 1Q 2021). Revenue: CN¥836.5m (up 35% from 1Q 2021). Net income: CN¥208.2m (up 12% from 1Q 2021). Profit margin: 25% (down from 30% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 43% growth forecast for the 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 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Non-Employee Supervisor Changyun Wen is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 