View Future GrowthTianshan Material 과거 순이익 실적과거 기준 점검 0/6Tianshan Material 의 수입은 연평균 -71.4%의 비율로 감소해 온 반면, Basic Materials 산업은 연평균 20.8%의 비율로 감소했습니다. 매출은 연평균 21.8%의 비율로 감소해 왔습니다.핵심 정보-71.42%순이익 성장률-70.04%주당순이익(EPS) 성장률Basic Materials 산업 성장률3.33%매출 성장률-21.84%자기자본이익률-8.33%순이익률-10.14%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트공시 • Mar 31+ 1 more updateTianshan Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Tianshan Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026Tianshan Material Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026공시 • Sep 30Tianshan Material Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Tianshan Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025공시 • Jul 02Tianshan Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025Tianshan Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025공시 • Mar 31Tianshan Material Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Tianshan Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025Tianshan Material Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025모든 업데이트 보기Recent updatesBoard Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Non-Independent Chairman Xinjun Zhao is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Mar 31+ 1 more updateTianshan Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Tianshan Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026Tianshan Material Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026공시 • Sep 30Tianshan Material Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Tianshan Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025공시 • Jul 02Tianshan Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025Tianshan Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025공시 • Mar 31Tianshan Material Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Tianshan Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025공시 • Mar 27Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China공시 • Feb 13Tianshan Material Co., Ltd. Approves Management AppointmentsTianshan Material Co., Ltd. at its Extraordinary General Meeting of 2025 held on 11 February 2025, approved election of Zhao Xinjun, Yu Yuehua, Fan Liting, Zhang Jiwu and Shen Jun as non-independent directors; election of Kong Weiping and Li Chen as independent director and election of Zhuang Qinxia, Du Guangyuan and Shang Deying as supervisors.공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025Tianshan Material Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025Reported Earnings • Oct 26Third quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.011 loss in 3Q 2023)Third quarter 2024 results: CN¥0.044 loss per share (further deteriorated from CN¥0.011 loss in 3Q 2023). Revenue: CN¥21.8b (down 19% from 3Q 2023). Net loss: CN¥334.2m (loss widened 268% from 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.공시 • Sep 30Tianshan Material Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Tianshan Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Reported Earnings • Aug 27Second quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.16 profit in 2Q 2023)Second quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.16 profit in 2Q 2023). Revenue: CN¥23.3b (down 25% from 2Q 2023). Net loss: CN¥1.49b (down 209% from profit in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.New Risk • Aug 27New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.공시 • Jun 29Tianshan Material Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024Tianshan Material Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024Declared Dividend • May 24Dividend reduced to CN¥0.11Dividend of CN¥0.11 is 58% lower than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 30First quarter 2024 earnings released: CN¥0.22 loss per share (vs CN¥0.14 loss in 1Q 2023)First quarter 2024 results: CN¥0.22 loss per share (further deteriorated from CN¥0.14 loss in 1Q 2023). Revenue: CN¥16.4b (down 27% from 1Q 2023). Net loss: CN¥1.92b (loss widened 56% from 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.7% to CN¥6.44. The fair value is estimated to be CN¥8.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 74%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 171% in the next 2 years.공시 • Mar 30Xinjiangtianshan Cement Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Xinjiangtianshan Cement Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024공시 • Mar 27Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai ChinaReported Earnings • Mar 27Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.53 in FY 2022)Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.53 in FY 2022). Revenue: CN¥107.4b (down 19% from FY 2022). Net income: CN¥1.97b (down 57% from FY 2022). Profit margin: 1.8% (down from 3.4% in FY 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Mar 26Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 5.8% to CN¥6.98. The fair value is estimated to be CN¥5.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 46% per annum over the same time period.Buy Or Sell Opportunity • Feb 05Now 21% overvaluedOver the last 90 days, the stock has fallen 6.4% to CN¥6.77. The fair value is estimated to be CN¥5.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.공시 • Jan 27Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023Xinjiang Tianshan Cement Co. Ltd. provided earnings guidance for the year ended December 31, 2023. For the period, the company expects net profit attributable to shareholders of the company of RMB 1,600.00 million to RMB 2,080.00 million, decrease as compared with the same period of last year: 64.78% to 54.21%. Net profit after deducting non-recurring gains or losses of RMB 500.00 million to RMB 1,000.00 million, decrease as compared with the same period of last year: 81.51% to 63.03%. Basic earnings per share of RMB 0.1847 to RMB 0.2401.공시 • Dec 30Xinjiangtianshan Cement Co.,Ltd to Report Fiscal Year 2023 Results on Mar 27, 2024Xinjiangtianshan Cement Co.,Ltd announced that they will report fiscal year 2023 results on Mar 27, 2024공시 • Oct 29Xinjiangtianshan Cement Co.,Ltd Announces Board ChangesXinjiangtianshan Cement Co.,Ltd announced the election of non-independent directors as follows:-Wang Bing and Yin Zhisong at its Extraordinary General Meeting held on 25 Oct. 2023.Reported Earnings • Oct 26Third quarter 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.067 profit in 3Q 2022)Third quarter 2023 results: CN¥0.011 loss per share (down from CN¥0.067 profit in 3Q 2022). Revenue: CN¥26.9b (down 19% from 3Q 2022). Net loss: CN¥90.9m (down 116% from profit in 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.공시 • Sep 30Xinjiangtianshan Cement Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023Xinjiangtianshan Cement Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥31.1b (down 17% from 2Q 2022). Net income: CN¥1.37b (down 44% from 2Q 2022). Profit margin: 4.4% (down from 6.6% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.공시 • Jul 13Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Period from 1 January 2023 to 30 June 2023Xinjiang Tianshan Cement Co. Ltd. provides earnings guidance for the period from 1 January 2023 to 30 June 2023. Net profit attributable to shareholders of Tianshan Cement of RMB 100.00 million to RMB 150.00 million. Basic earnings per share RMB 0.0115 to RMB 0.0173.공시 • May 27Xinjiangtianshan Cement Co.,Ltd Announces Final Dividend on share A for 2022, Payable on June 2, 2023Xinjiangtianshan Cement Co.,Ltd announced final Cash dividend/10 shares (tax included): CNY 2.70000000 on share A for 2022. Record date: 01 June 2023, Ex-date: 02 June 2023, Payment date: 02 June 2023.Reported Earnings • Mar 22Full year 2022 earnings released: EPS: CN¥0.53 (vs CN¥1.57 in FY 2021)Full year 2022 results: EPS: CN¥0.53 (down from CN¥1.57 in FY 2021). Revenue: CN¥132.6b (down 22% from FY 2021). Net income: CN¥4.54b (down 64% from FY 2021). Profit margin: 3.4% (down from 7.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.42 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.067 (down from CN¥0.42 in 3Q 2021). Revenue: CN¥33.2b (down 71% from 3Q 2021). Net income: CN¥570.3m (down 94% from 3Q 2021). Profit margin: 1.7% (down from 8.0% in 3Q 2021). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials 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 only fallen by 8% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 24Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.63 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.28. Revenue: CN¥37.2b (up CN¥34.1b from 2Q 2021). Net income: CN¥2.46b (up 271% from 2Q 2021). Profit margin: 6.6% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 16% growth forecast for the Basic Materials industry in China.Board Change • Jul 02Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥28.3b (down 1.8% from 1Q 2021). Net income: CN¥1.02b (down 23% from 1Q 2021). Profit margin: 3.6% (down from 4.6% in 1Q 2021). Over the next year, revenue is forecast to grow 2.5%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.45 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥114.3b (up CN¥111.8b from 3Q 2020). Net income: CN¥9.13b (up CN¥8.67b from 3Q 2020). Profit margin: 8.0% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥14.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 102% over the past three years.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥16.49, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 131% over the past three years.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.63 (vs CN¥0.67 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥3.13b (up 2.2% from 2Q 2020). Net income: CN¥663.1m (down 6.1% from 2Q 2020). Profit margin: 21% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥16.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 100% over the past three years.Board Change • Jul 31High number of new directorsIndependent Director Xiangzhong Kong was the last director to join the board, commencing their role in 2021.Reported Earnings • Apr 17First quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.028 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥999.3m (up 87% from 1Q 2020). Net income: CN¥87.5m (up CN¥117.4m from 1Q 2020). Profit margin: 8.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. 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 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 12Full year 2020 earnings released: EPS CN¥1.45 (vs CN¥1.56 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥8.69b (down 10% from FY 2019). Net income: CN¥1.52b (down 7.3% from FY 2019). Profit margin: 17% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Mar 12Revenue misses expectationsRevenue missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 40%, compared to a 22% growth forecast for the Basic Materials industry in China.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to CN¥15.05, the stock is trading at a trailing P/E ratio of 9.9x, down from the previous P/E ratio of 12.5x. This compares to an average P/E of 14x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 42%.Is New 90 Day High Low • Mar 04New 90-day high: CN¥18.01The company is up 11% from its price of CN¥16.24 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.50 per share.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥16.16, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 64%.Is New 90 Day High Low • Feb 02New 90-day low: CN¥14.48The company is down 7.0% from its price of CN¥15.54 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.71 per share.Is New 90 Day High Low • Dec 29New 90-day low: CN¥14.61The company is down 16% from its price of CN¥17.39 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.72 per share.Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 17% share price gain to CN¥17.97, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 92%.Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 17% share price gain to CN¥17.83, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.5x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 86%.Is New 90 Day High Low • Oct 30New 90-day low: CN¥14.85The company is down 18% from its price of CN¥18.02 on 24 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.83 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.60b, down 3.5% from the prior year. Total revenue was CN¥8.56b over the last 12 months, down 10% from the prior year.Is New 90 Day High Low • Oct 14New 90-day low: CN¥17.18The company is down 2.0% from its price of CN¥17.53 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials 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¥69.29 per share.매출 및 비용 세부 내역Tianshan Material가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이XSEC:000877 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2671,884-7,2908,8531,10431 Dec 2574,496-7,2918,9701,24030 Sep 2580,4831,8478,1571,39430 Jun 2583,2911,7728,3281,62131 Mar 2585,612-2908,6121,82531 Dec 2487,025-7178,5951,90130 Sep 2488,472-1,8338,3572,21430 Jun 2493,650-1,5908,3162,38531 Mar 24101,3601,2738,1292,38331 Dec 23107,3801,9658,2022,38430 Sep 23114,3315289,4552,37030 Jun 23120,5581,1929,2092,18031 Mar 23126,6932,2868,8932,03701 Jan 23132,5814,5428,9091,91130 Sep 22150,2036,72710,3181,90030 Jun 22159,6809,71310,7151,96931 Mar 22169,53212,23811,7061,88301 Jan 22170,03012,54812,2301,80230 Sep 21167,95013,4659,0431,58530 Jun 21234,36718,63817,1091,21631 Mar 21190,37914,35314,44285631 Dec 20162,14912,98811,82775730 Sep 20115,1139,86311,00028830 Jun 209,3291,6427994031 Mar 209,2801,4428634031 Dec 199,6881,6368654030 Sep 199,5401,6579081230 Jun 198,9171,604891631 Mar 198,1271,422818631 Dec 187,9321,241808630 Sep 187,676717805730 Jun 187,454547785631 Mar 187,243382866531 Dec 177,080265819430 Sep 176,342409710030 Jun 175,605229723031 Mar 175,188157668031 Dec 165,001100663030 Sep 164,793-197667030 Jun 164,931-375698031 Mar 164,962-481745031 Dec 155,047-525796030 Sep 155,385-378828030 Jun 155,739188370양질의 수익: 000877 은(는) 현재 수익성이 없습니다.이익 마진 증가: 000877는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 000877은 수익성이 없으며 지난 5년 동안 손실이 연평균 71.4% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 000877의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 000877은 수익성이 없어 지난 해 수익 성장률을 Basic Materials 업계(-7.4%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 000877는 현재 수익성이 없으므로 자본 수익률이 음수(-8.33%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/14 06:22종가2026/06/12 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Tianshan Material Co., Ltd.는 7명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mingxin SunCitic Securities Co., Ltd.Haowu ChenEverbright Securities Co. Ltd.Yanhe FangHuatai Research4명의 분석가 더 보기
공시 • Mar 31+ 1 more updateTianshan Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Tianshan Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026Tianshan Material Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026
공시 • Sep 30Tianshan Material Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Tianshan Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025
공시 • Jul 02Tianshan Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025Tianshan Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025
공시 • Mar 31Tianshan Material Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Tianshan Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025
공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025Tianshan Material Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Non-Independent Chairman Xinjun Zhao is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Mar 31+ 1 more updateTianshan Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Tianshan Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026Tianshan Material Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026
공시 • Sep 30Tianshan Material Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Tianshan Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025
공시 • Jul 02Tianshan Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025Tianshan Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025
공시 • Mar 31Tianshan Material Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Tianshan Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025
공시 • Mar 27Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China
공시 • Feb 13Tianshan Material Co., Ltd. Approves Management AppointmentsTianshan Material Co., Ltd. at its Extraordinary General Meeting of 2025 held on 11 February 2025, approved election of Zhao Xinjun, Yu Yuehua, Fan Liting, Zhang Jiwu and Shen Jun as non-independent directors; election of Kong Weiping and Li Chen as independent director and election of Zhuang Qinxia, Du Guangyuan and Shang Deying as supervisors.
공시 • Dec 31Tianshan Material Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025Tianshan Material Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025
Reported Earnings • Oct 26Third quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.011 loss in 3Q 2023)Third quarter 2024 results: CN¥0.044 loss per share (further deteriorated from CN¥0.011 loss in 3Q 2023). Revenue: CN¥21.8b (down 19% from 3Q 2023). Net loss: CN¥334.2m (loss widened 268% from 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
공시 • Sep 30Tianshan Material Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Tianshan Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Reported Earnings • Aug 27Second quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.16 profit in 2Q 2023)Second quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.16 profit in 2Q 2023). Revenue: CN¥23.3b (down 25% from 2Q 2023). Net loss: CN¥1.49b (down 209% from profit in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
New Risk • Aug 27New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.
공시 • Jun 29Tianshan Material Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024Tianshan Material Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024
Declared Dividend • May 24Dividend reduced to CN¥0.11Dividend of CN¥0.11 is 58% lower than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 30First quarter 2024 earnings released: CN¥0.22 loss per share (vs CN¥0.14 loss in 1Q 2023)First quarter 2024 results: CN¥0.22 loss per share (further deteriorated from CN¥0.14 loss in 1Q 2023). Revenue: CN¥16.4b (down 27% from 1Q 2023). Net loss: CN¥1.92b (loss widened 56% from 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.7% to CN¥6.44. The fair value is estimated to be CN¥8.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 74%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 171% in the next 2 years.
공시 • Mar 30Xinjiangtianshan Cement Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Xinjiangtianshan Cement Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024
공시 • Mar 27Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China
Reported Earnings • Mar 27Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.53 in FY 2022)Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.53 in FY 2022). Revenue: CN¥107.4b (down 19% from FY 2022). Net income: CN¥1.97b (down 57% from FY 2022). Profit margin: 1.8% (down from 3.4% in FY 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Mar 26Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 5.8% to CN¥6.98. The fair value is estimated to be CN¥5.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 46% per annum over the same time period.
Buy Or Sell Opportunity • Feb 05Now 21% overvaluedOver the last 90 days, the stock has fallen 6.4% to CN¥6.77. The fair value is estimated to be CN¥5.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
공시 • Jan 27Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023Xinjiang Tianshan Cement Co. Ltd. provided earnings guidance for the year ended December 31, 2023. For the period, the company expects net profit attributable to shareholders of the company of RMB 1,600.00 million to RMB 2,080.00 million, decrease as compared with the same period of last year: 64.78% to 54.21%. Net profit after deducting non-recurring gains or losses of RMB 500.00 million to RMB 1,000.00 million, decrease as compared with the same period of last year: 81.51% to 63.03%. Basic earnings per share of RMB 0.1847 to RMB 0.2401.
공시 • Dec 30Xinjiangtianshan Cement Co.,Ltd to Report Fiscal Year 2023 Results on Mar 27, 2024Xinjiangtianshan Cement Co.,Ltd announced that they will report fiscal year 2023 results on Mar 27, 2024
공시 • Oct 29Xinjiangtianshan Cement Co.,Ltd Announces Board ChangesXinjiangtianshan Cement Co.,Ltd announced the election of non-independent directors as follows:-Wang Bing and Yin Zhisong at its Extraordinary General Meeting held on 25 Oct. 2023.
Reported Earnings • Oct 26Third quarter 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.067 profit in 3Q 2022)Third quarter 2023 results: CN¥0.011 loss per share (down from CN¥0.067 profit in 3Q 2022). Revenue: CN¥26.9b (down 19% from 3Q 2022). Net loss: CN¥90.9m (down 116% from profit in 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
공시 • Sep 30Xinjiangtianshan Cement Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023Xinjiangtianshan Cement Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥31.1b (down 17% from 2Q 2022). Net income: CN¥1.37b (down 44% from 2Q 2022). Profit margin: 4.4% (down from 6.6% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
공시 • Jul 13Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Period from 1 January 2023 to 30 June 2023Xinjiang Tianshan Cement Co. Ltd. provides earnings guidance for the period from 1 January 2023 to 30 June 2023. Net profit attributable to shareholders of Tianshan Cement of RMB 100.00 million to RMB 150.00 million. Basic earnings per share RMB 0.0115 to RMB 0.0173.
공시 • May 27Xinjiangtianshan Cement Co.,Ltd Announces Final Dividend on share A for 2022, Payable on June 2, 2023Xinjiangtianshan Cement Co.,Ltd announced final Cash dividend/10 shares (tax included): CNY 2.70000000 on share A for 2022. Record date: 01 June 2023, Ex-date: 02 June 2023, Payment date: 02 June 2023.
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: CN¥0.53 (vs CN¥1.57 in FY 2021)Full year 2022 results: EPS: CN¥0.53 (down from CN¥1.57 in FY 2021). Revenue: CN¥132.6b (down 22% from FY 2021). Net income: CN¥4.54b (down 64% from FY 2021). Profit margin: 3.4% (down from 7.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.42 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.067 (down from CN¥0.42 in 3Q 2021). Revenue: CN¥33.2b (down 71% from 3Q 2021). Net income: CN¥570.3m (down 94% from 3Q 2021). Profit margin: 1.7% (down from 8.0% in 3Q 2021). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials 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 only fallen by 8% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 24Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.63 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.28. Revenue: CN¥37.2b (up CN¥34.1b from 2Q 2021). Net income: CN¥2.46b (up 271% from 2Q 2021). Profit margin: 6.6% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 16% growth forecast for the Basic Materials industry in China.
Board Change • Jul 02Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥28.3b (down 1.8% from 1Q 2021). Net income: CN¥1.02b (down 23% from 1Q 2021). Profit margin: 3.6% (down from 4.6% in 1Q 2021). Over the next year, revenue is forecast to grow 2.5%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.45 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥114.3b (up CN¥111.8b from 3Q 2020). Net income: CN¥9.13b (up CN¥8.67b from 3Q 2020). Profit margin: 8.0% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥14.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 102% over the past three years.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥16.49, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 131% over the past three years.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.63 (vs CN¥0.67 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥3.13b (up 2.2% from 2Q 2020). Net income: CN¥663.1m (down 6.1% from 2Q 2020). Profit margin: 21% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥16.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 100% over the past three years.
Board Change • Jul 31High number of new directorsIndependent Director Xiangzhong Kong was the last director to join the board, commencing their role in 2021.
Reported Earnings • Apr 17First quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.028 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥999.3m (up 87% from 1Q 2020). Net income: CN¥87.5m (up CN¥117.4m from 1Q 2020). Profit margin: 8.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. 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 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 12Full year 2020 earnings released: EPS CN¥1.45 (vs CN¥1.56 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥8.69b (down 10% from FY 2019). Net income: CN¥1.52b (down 7.3% from FY 2019). Profit margin: 17% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Mar 12Revenue misses expectationsRevenue missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 40%, compared to a 22% growth forecast for the Basic Materials industry in China.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to CN¥15.05, the stock is trading at a trailing P/E ratio of 9.9x, down from the previous P/E ratio of 12.5x. This compares to an average P/E of 14x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 42%.
Is New 90 Day High Low • Mar 04New 90-day high: CN¥18.01The company is up 11% from its price of CN¥16.24 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.50 per share.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥16.16, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 64%.
Is New 90 Day High Low • Feb 02New 90-day low: CN¥14.48The company is down 7.0% from its price of CN¥15.54 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.71 per share.
Is New 90 Day High Low • Dec 29New 90-day low: CN¥14.61The company is down 16% from its price of CN¥17.39 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.72 per share.
Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 17% share price gain to CN¥17.97, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 92%.
Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 17% share price gain to CN¥17.83, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.5x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 86%.
Is New 90 Day High Low • Oct 30New 90-day low: CN¥14.85The company is down 18% from its price of CN¥18.02 on 24 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.83 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.60b, down 3.5% from the prior year. Total revenue was CN¥8.56b over the last 12 months, down 10% from the prior year.
Is New 90 Day High Low • Oct 14New 90-day low: CN¥17.18The company is down 2.0% from its price of CN¥17.53 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials 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¥69.29 per share.