New Risk • Aug 07
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 10% 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 (0.1% operating cash flow to total debt). Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.39, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.92, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 34x in the Metals and Mining industry in China. Total returns to shareholders of 26% over the past three years. 공고 • Jun 30
Jiangxi GETO New Materials Corporation Limited to Report First Half, 2026 Results on Aug 28, 2026 Jiangxi GETO New Materials Corporation Limited announced that they will report first half, 2026 results on Aug 28, 2026 Board Change • May 20
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 3 highly experienced directors. Director Yan Liu is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공고 • Apr 25
Jiangxi GETO New Materials Corporation Limited, Annual General Meeting, May 19, 2026 Jiangxi GETO New Materials Corporation Limited, Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: 15F, Tower B, No. 18, Hexin Road, Cuiheng New District, Zhongshan, Guangdong China 공고 • Mar 31
Jiangxi GETO New Materials Corporation Limited to Report Q1, 2026 Results on Apr 25, 2026 Jiangxi GETO New Materials Corporation Limited announced that they will report Q1, 2026 results on Apr 25, 2026 공고 • Dec 31
Jiangxi GETO New Materials Corporation Limited to Report Fiscal Year 2025 Results on Apr 25, 2026 Jiangxi GETO New Materials Corporation Limited announced that they will report fiscal year 2025 results on Apr 25, 2026 공고 • Sep 30
Jiangxi GETO New Materials Corporation Limited to Report Q3, 2025 Results on Oct 29, 2025 Jiangxi GETO New Materials Corporation Limited announced that they will report Q3, 2025 results on Oct 29, 2025 공고 • Jul 02
Jiangxi GETO New Materials Corporation Limited to Report First Half, 2025 Results on Aug 27, 2025 Jiangxi GETO New Materials Corporation Limited announced that they will report first half, 2025 results on Aug 27, 2025 공고 • Apr 23
Jiangxi GETO New Materials Corporation Limited Proposes Final Cash Dividend for 2024 Jiangxi GETO New Materials Corporation Limited proposed final cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2024. 공고 • Apr 22
Jiangxi GETO New Materials Corporation Limited, Annual General Meeting, May 13, 2025 Jiangxi GETO New Materials Corporation Limited, Annual General Meeting, May 13, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China 공고 • Mar 31
Jiangxi GETO New Materials Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025 Jiangxi GETO New Materials Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025 공고 • Dec 31
Jiangxi GETO New Materials Corporation Limited to Report Fiscal Year 2024 Results on Apr 22, 2025 Jiangxi GETO New Materials Corporation Limited announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.14 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.14 loss in 3Q 2023). Revenue: CN¥670.9m (up 16% from 3Q 2023). Net income: CN¥51.8m (up CN¥87.0m from 3Q 2023). Profit margin: 7.7% (up from net loss in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. 공고 • Sep 30
Jiangxi GETO New Materials Corporation Limited to Report Q3, 2024 Results on Oct 24, 2024 Jiangxi GETO New Materials Corporation Limited announced that they will report Q3, 2024 results on Oct 24, 2024 New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% 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 (currently running at an operating cash loss). 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 Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Sep 03
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥684.6m (up 8.4% from 2Q 2023). Net income: CN¥25.6m (down 24% from 2Q 2023). Profit margin: 3.7% (down from 5.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. 공고 • Jun 29
Jiangxi GETO New Materials Corporation Limited to Report First Half, 2024 Results on Aug 29, 2024 Jiangxi GETO New Materials Corporation Limited announced that they will report first half, 2024 results on Aug 29, 2024 공고 • Jun 19
Jiangxi GETO New Materials Corporation Limited (SZSE:300986) announces an Equity Buyback for CNY 40 million worth of its shares. Jiangxi GETO New Materials Corporation Limited (SZSE:300986) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not more than CNY 12.03 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mingqiang Wang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Apr 23
Jiangxi GETO New Materials Corporation Limited, Annual General Meeting, May 28, 2024 Jiangxi GETO New Materials Corporation Limited, Annual General Meeting, May 28, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 72% over the past year. 공고 • Mar 30
Jiangxi GETO New Materials Corporation Limited to Report Q1, 2024 Results on Apr 23, 2024 Jiangxi GETO New Materials Corporation Limited announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Metals and Mining industry in China. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% 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 Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.35, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Metals and Mining industry in China. 공고 • Dec 30
Jiangxi GETO New Materials Corporation Limited to Report Fiscal Year 2023 Results on Apr 23, 2024 Jiangxi GETO New Materials Corporation Limited announced that they will report fiscal year 2023 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Metals and Mining industry in China. Reported Earnings • Oct 24
Third quarter 2023 earnings released: CN¥0.14 loss per share (vs CN¥0.23 profit in 3Q 2022) Third quarter 2023 results: CN¥0.14 loss per share (down from CN¥0.23 profit in 3Q 2022). Revenue: CN¥580.2m (up 12% from 3Q 2022). Net loss: CN¥35.2m (down 162% from profit in 3Q 2022). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. 공고 • Sep 30
Jiangxi GETO New Materials Corporation Limited to Report Q3, 2023 Results on Oct 24, 2023 Jiangxi GETO New Materials Corporation Limited announced that they will report Q3, 2023 results on Oct 24, 2023 Board Change • Sep 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Mingqiang Wang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.6% net profit margin). New Risk • Aug 20
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: 6.6% Last year net profit margin: 11% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.6% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥631.6m (up 22% from 2Q 2022). Net income: CN¥33.7m (down 49% from 2Q 2022). Profit margin: 5.3% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. 공고 • Jul 06
Jiangxi GETO New Materials Corporation Limited Announces Implementation of Cash Dividend for 2022, Payable on 11 July 2023 Jiangxi GETO New Materials Corporation Limited announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 1.99353900; Record date: 10 July 2023; Ex-date: 11 July 2023; Payment date: 11 July 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.029 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.011 (down from CN¥0.029 in 1Q 2022). Revenue: CN¥380.0m (up 45% from 1Q 2022). Net income: CN¥1.85m (down 65% from 1Q 2022). Profit margin: 0.5% (down from 2.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥33.68, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Metals and Mining industry in China.