New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Large one-off items impacting financial results. 공시 • Apr 24
Shandong Hi-tech Spring Material Technology Co., Ltd. announced that it expects to receive CNY 295.4711 million in funding Shandong Hi-tech Spring Material Technology Co., Ltd. has announced private placement to issue A shares not more than 66,838,733 shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds not more then CNY 295,471,100 on April 22, 2026. The transaction will include investor participation not more than 35 investors. The transaction is approved by 2nd directorate in 25th meeting of proposal about submitting a proposal to the shareholders meeting to authorize the directorate to Implement a simplified private placement of shares. The transaction is subject to approval of company’s annual shareholders, Shenzhen Stock Exchange and the China Securities Regulatory Commission. All the securities issued in the offering is subject to a hold period of 6 months from date of issuance. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.90 (vs CN¥0.05 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.90 (up from CN¥0.05 loss in 1Q 2025). Revenue: CN¥1.51b (up 34% from 1Q 2025). Net income: CN¥201.4m (up CN¥212.4m from 1Q 2025). Profit margin: 13% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. 공시 • Apr 23
Shandong Hi-tech Spring Material Technology Co., Ltd., Annual General Meeting, May 15, 2026 Shandong Hi-tech Spring Material Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 15:30 China Standard Time. Location: The Company's Meeting Room, Shijiazhuang, Hebei China 공시 • Mar 31
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 공시 • Dec 31
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: CN¥0.38 loss per share (vs CN¥0.46 loss in 3Q 2024) Third quarter 2025 results: CN¥0.38 loss per share (improved from CN¥0.46 loss in 3Q 2024). Revenue: CN¥1.34b (up 80% from 3Q 2024). Net loss: CN¥85.2m (loss narrowed 17% from 3Q 2024). 공시 • Sep 30
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Sep 02
Second quarter 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.22 loss in 2Q 2024) Second quarter 2025 results: CN¥0.14 loss per share (improved from CN¥0.22 loss in 2Q 2024). Revenue: CN¥1.19b (up 25% from 2Q 2024). Net loss: CN¥31.8m (loss narrowed 35% from 2Q 2024). 공시 • Aug 28
Shandong Hi-tech Spring Material Technology Co., Ltd. (SZSE:301292) announces an Equity Buyback for CNY 22 million worth of its shares. Shandong Hi-tech Spring Material Technology Co., Ltd. (SZSE:301292) announces a share repurchase program. Under the program, the company will repurchase up to CNY 22 million. The shares will be repurchased at no more than CNY 30 per share. The purpose of the program is ESOP. The program will be funded from company's own funds. The plan will be valid for 6 months after the shareholders' approval. 공시 • Jul 02
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 19
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 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.8% operating cash flow to total debt). Earnings have declined by 92% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Reported Earnings • Apr 24
First quarter 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.28 loss in 1Q 2024) First quarter 2025 results: CN¥0.05 loss per share (improved from CN¥0.28 loss in 1Q 2024). Revenue: CN¥1.13b (up 31% from 1Q 2024). Net loss: CN¥11.1m (loss narrowed 82% from 1Q 2024). 공시 • Apr 24
Shandong Hi-tech Spring Material Technology Co., Ltd., Annual General Meeting, May 15, 2025 Shandong Hi-tech Spring Material Technology Co., Ltd., Annual General Meeting, May 15, 2025, at 15:30 China Standard Time. Location: The Company's Meeting Room, Zibo, Shandong China 공시 • Mar 31
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 공시 • Dec 31
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 New Risk • Dec 26
New major risk - Revenue and earnings growth Earnings have declined by 57% 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 Debt is not well covered by operating cash flow (0.7% operating cash flow to total debt). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.46 loss per share (vs CN¥0.03 profit in 3Q 2023) Third quarter 2024 results: CN¥0.46 loss per share (down from CN¥0.03 profit in 3Q 2023). Revenue: CN¥741.1m (down 20% from 3Q 2023). Net loss: CN¥103.2m (down CN¥110.9m from profit in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. 공시 • Sep 30
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Aug 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.22 loss per share (vs CN¥0.14 profit in 2Q 2023) Second quarter 2024 results: CN¥0.22 loss per share (down from CN¥0.14 profit in 2Q 2023). Revenue: CN¥952.1m (up 18% from 2Q 2023). Net loss: CN¥49.0m (down 302% from profit in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. 공시 • Jun 29
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 공시 • Apr 21
Shandong Hi-tech Spring Material Technology Co., Ltd., Annual General Meeting, May 13, 2024 Shandong Hi-tech Spring Material Technology Co., Ltd., Annual General Meeting, May 13, 2024, at 15:30 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.17 (vs CN¥1.70 in FY 2022) Full year 2023 results: EPS: CN¥0.17 (down from CN¥1.70 in FY 2022). Revenue: CN¥3.36b (up 11% from FY 2022). Net income: CN¥31.6m (down 89% from FY 2022). Profit margin: 0.9% (down from 9.4% in FY 2022). Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. 공시 • Mar 30
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 공시 • Dec 29
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Oct 27
New major risk - Revenue and earnings growth Earnings have declined by 3.2% 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 Earnings have declined by 3.2% per year over the past 5 years. High level of non-cash earnings (38% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.03. Net income: CN¥7.70m (up CN¥7.70m from 3Q 2022). 공시 • Sep 30
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released Second quarter 2023 results: Net income: CN¥24.2m (up CN¥24.2m from 2Q 2022). 공시 • Aug 09
Shandong Hi-Tech Spring Material Technology Co., Ltd. Approves Election of Independent Directors , Non-Independent Directors and Non-Employee Supervisors Shandong Hi-tech Spring Material Technology Co., Ltd. at the Extraordinary General Meeting of 2023 on 07 August 2023, approved Election of Yang Xiaohong, Zhang Zaizhong, Cui Zhiqiang, Zhang Shengan, Wu Leilei and Chen Baohua as non-independent directors. Election of Wang Aidong, Sun Xinhua and Xiao Zhenyu as independent directors. Election of Li Yong and Wei Binbin as non-employee supervisors. New Risk • Jul 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.4% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (56% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (9.4% net profit margin). 공시 • Jul 14
Shandong Hi-tech Spring Material Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Shandong Hi-tech Spring Material Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023