View ValuationZanyu Technology Group 향후 성장Future 기준 점검 3/6Zanyu Technology Group (는) 각각 연간 43.2% 및 15.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 42.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.5% 로 예상됩니다.핵심 정보43.2%이익 성장률42.61%EPS 성장률Chemicals 이익 성장30.6%매출 성장률15.5%향후 자기자본이익률15.50%애널리스트 커버리지Low마지막 업데이트24 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 23Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 200 million worth of its shares.Zanyu Technology Group Co., Ltd. (SZSE:002637) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The repurchase price will not exceed CNY 18.70 per share. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 36 months after the completion of the repurchase will be cancelled. The program will be funded from company's own funds or Special Repurchase Loans. The plan is valid for 12 months from the Company's Directorate's Approval Date.공시 • Apr 23Zanyu Technology Group Co., Ltd. announced that it expects to receive CNY 300 million in fundingZanyu Technology Group Co., Ltd. announced a private placement to issue A shares not more than 30% of total share capital and the issue price shall not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 300,000,000 on April 21, 2026. The transaction includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 3rd meeting of the 7th directorate and is subject to shareholder approval.공시 • Apr 22Zanyu Technology Group Co., Ltd., Annual General Meeting, May 28, 2026Zanyu Technology Group Co., Ltd., Annual General Meeting, May 28, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China공시 • Mar 31Zanyu Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026공시 • Dec 31Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026공시 • Sep 30Zanyu Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025공시 • Jul 02Zanyu Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Zanyu Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025공시 • Jun 05Zanyu Technology Group Co., Ltd. Approves Cash Dividend for 2024Zanyu Technology Group Co., Ltd. at its Annual General Meeting held on 30 May 2025 approved cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2024.공시 • Apr 23Zanyu Technology Group Co., Ltd. Proposes Final Cash Dividend for 2024Zanyu Technology Group Co., Ltd. proposed final cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2024.공시 • Apr 22Zanyu Technology Group Co., Ltd., Annual General Meeting, May 30, 2025Zanyu Technology Group Co., Ltd., Annual General Meeting, May 30, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China공시 • Mar 31Zanyu Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025공시 • Dec 31Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025공시 • Nov 22Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 200 million worth of its shares.Zanyu Technology Group Co., Ltd. (SZSE:002637) 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 purchased at a price not exceeding CNY 13.99 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special loan funds. The program will be valid for 12 months. The company had 470,401,000 shares outstanding.New Risk • Nov 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥2.94b (up 21% from 3Q 2023). Net income: CN¥29.2m (down 59% from 3Q 2023). Profit margin: 1.0% (down from 2.9% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥9.46, 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 8.1% over the past year.공시 • Sep 30Zanyu Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024New Risk • Aug 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.048 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.091 (up from CN¥0.048 in 2Q 2023). Revenue: CN¥2.18b (up 5.8% from 2Q 2023). Net income: CN¥40.2m (up 85% from 2Q 2023). Profit margin: 1.8% (up from 1.1% in 2Q 2023).공시 • Jun 29Zanyu Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024Zanyu Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024Declared Dividend • Jun 10Dividend of CN¥0.10 announcedDividend of CN¥0.10 is the same as last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • Jun 08Zanyu Technology Group Co., Ltd. Announces Dividend Implementation for 2023, Payable on 18 June 2024Zanyu Technology Group Co., Ltd. 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.00000000. Record date: 17 June 2024; Ex-date: 18 June 2024; Payment date: 18 June 2024.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥2.44b (down 12% from 1Q 2023). Net income: CN¥51.2m (up 126% from 1Q 2023). Profit margin: 2.1% (up from 0.8% in 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.New Risk • Apr 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Apr 20Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.15 loss in FY 2022)Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.15 loss in FY 2022). Revenue: CN¥9.61b (down 14% from FY 2022). Net income: CN¥87.9m (up CN¥157.8m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.공시 • Apr 20Zanyu Technology Group Co., Ltd., Annual General Meeting, May 16, 2024Zanyu Technology Group Co., Ltd., Annual General Meeting, May 16, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China공시 • Mar 30Zanyu Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). 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. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).공시 • Dec 30Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024공시 • Oct 27Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 100 million worth of its shares.Zanyu Technology Group Co., Ltd. (SZSE:002637) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.40 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.Board Change • Oct 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Qiu Ming was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Aug 22New major risk - Revenue and earnings growthEarnings have declined by 4.2% 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 Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). 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. Earnings have declined by 4.2% per year over the past 5 years.Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.32 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥2.06b (down 36% from 2Q 2022). Net income: CN¥21.8m (down 85% from 2Q 2022). Profit margin: 1.1% (down from 4.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China.공시 • Jul 01Zanyu Technology Group Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023Zanyu Technology Group Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023공시 • May 20Zanyu Technology Group Co., Ltd. Approves Final Cash Dividend for the Year 2022Zanyu Technology Group Co., Ltd. at the AGM, the shareholders approved a final cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022.Reported Earnings • Apr 28Full year 2022 earnings released: CN¥0.15 loss per share (vs CN¥1.71 profit in FY 2021)Full year 2022 results: CN¥0.15 loss per share (down from CN¥1.71 profit in FY 2021). Revenue: CN¥11.2b (flat on FY 2021). Net loss: CN¥69.9m (down 109% from profit in FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.이익 및 매출 성장 예측XSEC:002637 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202821,0008359541,080112/31/202718,9226538761,016112/31/202617,481427-194-113/31/202612,876201401828N/A12/31/202513,134182482935N/A9/30/202512,90316593499N/A6/30/202512,720141409759N/A3/31/202511,780167213440N/A12/31/202410,792135103321N/A9/30/20249,91693461752N/A6/30/20249,409135175479N/A3/31/20249,289116270663N/A12/31/20239,61288-7543N/A9/30/20239,049-30-635-44N/A6/30/20239,959-335-448206N/A3/31/202311,100-212-64512N/A1/1/202311,235-70-317274N/A9/30/202212,62826831670N/A6/30/202212,300667-69677N/A3/31/202211,569779-91672N/A1/1/202211,201796-570180N/A9/30/202110,695583-328377N/A6/30/20219,549590-326332N/A3/31/20219,080423-219295N/A12/31/20207,80434540504N/A9/30/20207,120485-149302N/A6/30/20206,673361-19993N/A3/31/20206,140414-650-59N/A12/31/20196,580354N/A313N/A9/30/20196,747263N/A568N/A6/30/20196,782283N/A704N/A3/31/20197,176181N/A818N/A12/31/20187,064178N/A564N/A9/30/20186,531228N/A446N/A6/30/20187,129196N/A524N/A3/31/20187,048181N/A508N/A12/31/20176,908159N/A190N/A9/30/20176,874159N/A-8N/A6/30/20175,986158N/A-425N/A3/31/20175,029157N/A-439N/A12/31/20164,361152N/A-70N/A9/30/20163,45071N/A125N/A6/30/20163,03741N/A192N/A3/31/20162,97419N/A328N/A12/31/20152,82216N/A201N/A9/30/20152,81142N/A112N/A6/30/20152,68541N/A225N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 002637 의 연간 예상 수익 증가율(43.2%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 002637 의 연간 수익(43.2%)이 CN 시장(27.2%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 002637 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 002637 의 수익(연간 15.5%)이 CN 시장(연간 16.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 002637 의 수익(연간 15.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 002637의 자본 수익률은 3년 후 15.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 20:42종가2026/05/22 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 소스Zanyu Technology Group Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xi Xin WangEverbright Securities Co. Ltd.Lin YangGuosen Securities Co., Ltd.Ying WuPing An Securities Co. Ltd.
공시 • May 23Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 200 million worth of its shares.Zanyu Technology Group Co., Ltd. (SZSE:002637) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The repurchase price will not exceed CNY 18.70 per share. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 36 months after the completion of the repurchase will be cancelled. The program will be funded from company's own funds or Special Repurchase Loans. The plan is valid for 12 months from the Company's Directorate's Approval Date.
공시 • Apr 23Zanyu Technology Group Co., Ltd. announced that it expects to receive CNY 300 million in fundingZanyu Technology Group Co., Ltd. announced a private placement to issue A shares not more than 30% of total share capital and the issue price shall not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 300,000,000 on April 21, 2026. The transaction includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 3rd meeting of the 7th directorate and is subject to shareholder approval.
공시 • Apr 22Zanyu Technology Group Co., Ltd., Annual General Meeting, May 28, 2026Zanyu Technology Group Co., Ltd., Annual General Meeting, May 28, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China
공시 • Mar 31Zanyu Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
공시 • Dec 31Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026
공시 • Sep 30Zanyu Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
공시 • Jul 02Zanyu Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Zanyu Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025
공시 • Jun 05Zanyu Technology Group Co., Ltd. Approves Cash Dividend for 2024Zanyu Technology Group Co., Ltd. at its Annual General Meeting held on 30 May 2025 approved cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2024.
공시 • Apr 23Zanyu Technology Group Co., Ltd. Proposes Final Cash Dividend for 2024Zanyu Technology Group Co., Ltd. proposed final cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2024.
공시 • Apr 22Zanyu Technology Group Co., Ltd., Annual General Meeting, May 30, 2025Zanyu Technology Group Co., Ltd., Annual General Meeting, May 30, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China
공시 • Mar 31Zanyu Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
공시 • Dec 31Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025
공시 • Nov 22Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 200 million worth of its shares.Zanyu Technology Group Co., Ltd. (SZSE:002637) 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 purchased at a price not exceeding CNY 13.99 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special loan funds. The program will be valid for 12 months. The company had 470,401,000 shares outstanding.
New Risk • Nov 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥2.94b (up 21% from 3Q 2023). Net income: CN¥29.2m (down 59% from 3Q 2023). Profit margin: 1.0% (down from 2.9% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥9.46, 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 8.1% over the past year.
공시 • Sep 30Zanyu Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
New Risk • Aug 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.048 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.091 (up from CN¥0.048 in 2Q 2023). Revenue: CN¥2.18b (up 5.8% from 2Q 2023). Net income: CN¥40.2m (up 85% from 2Q 2023). Profit margin: 1.8% (up from 1.1% in 2Q 2023).
공시 • Jun 29Zanyu Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024Zanyu Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024
Declared Dividend • Jun 10Dividend of CN¥0.10 announcedDividend of CN¥0.10 is the same as last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 08Zanyu Technology Group Co., Ltd. Announces Dividend Implementation for 2023, Payable on 18 June 2024Zanyu Technology Group Co., Ltd. 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.00000000. Record date: 17 June 2024; Ex-date: 18 June 2024; Payment date: 18 June 2024.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥2.44b (down 12% from 1Q 2023). Net income: CN¥51.2m (up 126% from 1Q 2023). Profit margin: 2.1% (up from 0.8% in 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.
New Risk • Apr 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Apr 20Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.15 loss in FY 2022)Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.15 loss in FY 2022). Revenue: CN¥9.61b (down 14% from FY 2022). Net income: CN¥87.9m (up CN¥157.8m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.
공시 • Apr 20Zanyu Technology Group Co., Ltd., Annual General Meeting, May 16, 2024Zanyu Technology Group Co., Ltd., Annual General Meeting, May 16, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China
공시 • Mar 30Zanyu Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). 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. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
공시 • Dec 30Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024
공시 • Oct 27Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 100 million worth of its shares.Zanyu Technology Group Co., Ltd. (SZSE:002637) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.40 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months.
Board Change • Oct 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Qiu Ming was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Aug 22New major risk - Revenue and earnings growthEarnings have declined by 4.2% 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 Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). 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. Earnings have declined by 4.2% per year over the past 5 years.
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.32 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥2.06b (down 36% from 2Q 2022). Net income: CN¥21.8m (down 85% from 2Q 2022). Profit margin: 1.1% (down from 4.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China.
공시 • Jul 01Zanyu Technology Group Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023Zanyu Technology Group Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023
공시 • May 20Zanyu Technology Group Co., Ltd. Approves Final Cash Dividend for the Year 2022Zanyu Technology Group Co., Ltd. at the AGM, the shareholders approved a final cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022.
Reported Earnings • Apr 28Full year 2022 earnings released: CN¥0.15 loss per share (vs CN¥1.71 profit in FY 2021)Full year 2022 results: CN¥0.15 loss per share (down from CN¥1.71 profit in FY 2021). Revenue: CN¥11.2b (flat on FY 2021). Net loss: CN¥69.9m (down 109% from profit in FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China.