New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$774.3m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$774.3m market cap, or US$98.8m). Declared Dividend • Apr 01
Final dividend of HK$0.005 announced Shareholders will receive a dividend of HK$0.005. Ex-date: 26th May 2026 Payment date: 22nd June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 8.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (30% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. 공시 • Mar 31
Tsaker New Energy Tech Co., Limited, Annual General Meeting, May 21, 2026 Tsaker New Energy Tech Co., Limited, Annual General Meeting, May 21, 2026. New Risk • Mar 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Mar 10
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to HK$0.85. The fair value is estimated to be HK$0.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 23
Now 23% overvalued Over the last 90 days, the stock has fallen 1.2% to HK$0.80. The fair value is estimated to be HK$0.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. 공시 • Feb 11
Tsaker New Energy Tech Co., Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Tsaker New Energy Tech Co., Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Buy Or Sell Opportunity • Nov 07
Now 22% overvalued Over the last 90 days, the stock has fallen 5.0% to HK$0.76. The fair value is estimated to be HK$0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Sep 09
Upcoming dividend of HK$0.016 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 28 November 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 27
First half 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.016 in 1H 2024) First half 2025 results: EPS: CN¥0.01 (down from CN¥0.016 in 1H 2024). Revenue: CN¥933.5m (down 7.1% from 1H 2024). Net income: CN¥9.32m (down 40% from 1H 2024). Profit margin: 1.0% (down from 1.6% in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. 공시 • Aug 15
Tsaker New Energy Tech Co., Limited to Report First Half, 2025 Results on Aug 25, 2025 Tsaker New Energy Tech Co., Limited announced that they will report first half, 2025 results on Aug 25, 2025 New Risk • Jul 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$775.5m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (HK$775.5m market cap, or US$98.8m). 공시 • May 15
Tsaker New Energy Tech Co., Limited Declares Final Dividend for the Year Ended 31 December 2024, Payable on 24 June 2025 Tsaker New Energy Tech Co., Limited announced at the AGM held on May 15, 2025, approved to declare a final dividend for the year ended 31 December 2024 of RMB0.025 per Share. Payable on 24 June 2025 to the Shareholders whose names appear on the register of members of the Company on 26 May 2025. Upcoming Dividend • May 12
Upcoming dividend of CN¥0.025 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 24 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 19
Full year 2024 earnings released: CN¥0.021 loss per share (vs CN¥0.029 profit in FY 2023) Full year 2024 results: CN¥0.021 loss per share (down from CN¥0.029 profit in FY 2023). Revenue: CN¥2.16b (up 4.4% from FY 2023). Net loss: CN¥21.1m (down 173% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. 공시 • Apr 10
Tsaker New Energy Tech Co., Limited Announces Board and Committee Changes, Effective 10 April 2025 The board of directors of Tsaker New Energy Tech Co., Limited announced that Ms. ZHANG Feiyan has tendered her resignation as an independent non-executive Director and a member of each of the audit committee of the Board, the nomination committee of the Board and the remuneration committee of the Board with effect from 10 April 2025 as she wishes to devote more time to her personal commitments. The Board announced that Ms. LU Xin has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from 10 April 2025. Ms. LU, aged 45, has over 20 years of experience in financial accounting. Since July 2021, Ms. LU has been the chief financial officer of Shanghai Qianzhi Care Products Co. Ltd., responsible for the company's general strategy formulation, financial strategic planning, investment and mergers and acquisitions. From September 2019 to July 2021 and from July 2008 to August 2019, she served as the chief financial officer for Mainland China and Taiwan region of Dentsply Sirona Dental (Shanghai) Co. Ltd.(formerly known as Sirona Dental Trading (Shanghai) Co. Ltd. and Dentsply Dental (Tianjin) Co. Ltd. respectively, responsible for the corporate finance, internal control and fund management in Mainland China and Taiwan region. From June 2005 to June 2008, she served as a financial supervisor of Motorola Solutions (China) Co. Ltd.(formerly known as Motorola (China) Electronics Co. Ltd., responsible for financial analysis, cost accounting and project management. From August 2002 to June 2005, she worked as a senior auditor of Tianjin Branch of PricewaterhouseCoopers, responsible for the audit of financial and accounting statements, consultation on accounting policy and taxation. Ms. LU graduated from Tianjin University of Finance and Economics (formerly known as Tianjin Institute of Finance and Economics with a bachelor's degree in economics in July 2002, and obtained a master's degree in business administration from Nankai University in June 2010. She was admitted as a Fellow of the Institute of Public Accountants of Australia and a Fellow of the Institute of Financial Accountants of the United Kingdom. CHANGE IN COMPOSITIONS OF THE BOARD COMMITTEES: The Board further announced that (i) Ms. ZHANG has ceased to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; and (ii) Ms. LU has been appointed as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee, with the effect from 10 April 2025. 공시 • Mar 21
Tsaker New Energy Tech Co., Limited, Annual General Meeting, May 15, 2025 Tsaker New Energy Tech Co., Limited, Annual General Meeting, May 15, 2025. Reported Earnings • Mar 21
Full year 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.029 profit in FY 2023) Full year 2024 results: CN¥0.02 loss per share (down from CN¥0.029 profit in FY 2023). Revenue: CN¥2.16b (up 4.4% from FY 2023). Net loss: CN¥21.1m (down 173% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. 공시 • Mar 20
Tsaker New Energy Tech Co., Limited Appoints GE Yi as Chairman of the Environmental, Social and Governance Committee Tsaker New Energy Tech Co., Limited announced that Mr. GE Yi, an executive Director of the Company, has been appointed as the chairman of the environmental, social and governance committee of the Company with effect from 20 March 2025, in order to further improve the ESG management system, and to promote the sustainable development of the Group. The other four members of the ESG Committee are comprised of persons in charge of relevant departments of the Group. Mr. GE Yi, aged 43, is an executive Director, the Chief Executive Officer and the Chairman of the Company, responsible for overall business strategy and major business decisions of the Group. New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 363% Paying a dividend despite having no free cash flows. Earnings have declined by 34% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (HK$718.5m market cap, or US$92.4m). 공시 • Mar 10
Tsaker New Energy Tech Co., Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 Tsaker New Energy Tech Co., Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 New Risk • Feb 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$776.7m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 363% Paying a dividend despite having no free cash flows. Earnings have declined by 34% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (HK$776.7m market cap, or US$99.9m). Recent Insider Transactions • Jan 22
Non-Executive Director recently bought HK$17m worth of stock On the 16th of January, Deyuan Pan bought around 21m shares on-market at roughly HK$0.81 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$20m more in shares than they have sold in the last 12 months. 공시 • Jan 08
Tsaker New Energy Tech Co., Limited Announces Resignation of Zhang Nan as Executive Director Tsaker New Energy Tech Co., Limited announced that Ms. ZHANG Nan ("Ms. Zhang") has resigned as an executive Director of the Company with effect from 8 January 2025 as she would like to devote more time to the investment development business of the Group. After the aforesaid resignation, Ms. Zhang will remain as the investment development director of the Group, and a director of Tsaker Chemical (Singapore) Pte. Ltd. (which is an indirect wholly- owned subsidiary of the Company). Recent Insider Transactions • Dec 11
Non-Executive Director recently bought HK$2.5m worth of stock On the 5th of December, Deyuan Pan bought around 3m shares on-market at roughly HK$0.85 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$2.5m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.032 in 1H 2023) First half 2024 results: EPS: CN¥0.016 (down from CN¥0.032 in 1H 2023). Revenue: CN¥1.01b (flat on 1H 2023). Net income: CN¥15.6m (down 52% from 1H 2023). Profit margin: 1.6% (down from 3.3% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 15
First half dividend of HK$0.033 announced Shareholders will receive a dividend of HK$0.033. Ex-date: 30th August 2024 Payment date: 26th November 2024 Dividend yield will be 8.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (274% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 204% to bring the payout ratio under control. However, EPS has declined by 52% over the last 5 years so the company would need to reverse this trend. New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$778.5m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 233% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (HK$778.5m market cap, or US$99.9m). 공시 • Aug 02
Tsaker New Energy Tech Co., Limited to Report First Half, 2024 Results on Aug 13, 2024 Tsaker New Energy Tech Co., Limited announced that they will report first half, 2024 results on Aug 13, 2024 Buy Or Sell Opportunity • Jul 30
Now 23% undervalued Over the last 90 days, the stock has risen 12% to HK$0.91. The fair value is estimated to be HK$1.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. 공시 • May 17
Tsaker New Energy Tech Co., Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024 Tsaker New Energy Tech Co., Limited at its AGM held on May 16, 2024, approved to declare final dividend of RMB 0.038 per share for the year ended 31 December 2023. Ex-dividend date is 20 May 2024. Record date is 27 May 2024. Payment date is 28 June 2024. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.02, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 11x in the Chemicals industry in Hong Kong. Total returns to shareholders of 1.1% over the past three years. Upcoming Dividend • May 13
Upcoming dividend of CN¥0.038 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.7%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (4.7%). 공시 • Mar 21
Tsaker New Energy Tech Co., Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024 Tsaker New Energy Tech Co., Limited proposed final dividend of RMB 0.038 per share for the year ended 31 December 2023 at its shareholders' meeting to be held on 16 May 2024. Ex-dividend date: 20 May 2024. Record date: 27 May 2024. Payment date: 28 June 2024. 공시 • Mar 19
Tsaker New Energy Tech Co., Limited, Annual General Meeting, May 16, 2024 Tsaker New Energy Tech Co., Limited, Annual General Meeting, May 16, 2024. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.24 in FY 2022) Full year 2023 results: EPS: CN¥0.03 (down from CN¥0.24 in FY 2022). Revenue: CN¥2.07b (down 2.7% from FY 2022). Net income: CN¥29.1m (down 88% from FY 2022). Profit margin: 1.4% (down from 11% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Mar 17
New minor risk - Financial data availability The 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Market cap is less than US$100m (HK$776.6m market cap, or US$99.3m). 공시 • Mar 06
Tsaker New Energy Tech Co., Limited to Report Fiscal Year 2023 Results on Mar 18, 2024 Tsaker New Energy Tech Co., Limited announced that they will report fiscal year 2023 results on Mar 18, 2024 공시 • Dec 15
Tsaker New Energy Tech Co., Limited Announces Management Changes The board of directors of Tsaker New Energy Tech Co., Limited announced that Mr. HO Kai Chung Kenneth (Mr. Ho) has tendered his resignation as an independent non-executive Director and a member of each of the audit committee of the Board, the nomination committee of the Board and the remuneration committee of the Board with effect from the conclusion of the Board meeting on 15 December 2023 as he wishes to devote more time to his personal commitments. The Board announced that Ms. ZHANG Feiyan (Ms. Zhang) has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from the conclusion of the Board Meeting on 15 December 2023. Ms. Zhang, aged 54, has over 25 years of experience in investment management and mergers and acquisitions advisory. From October 2006 to September 2021, Ms. Zhang was the group vice president and managing director of the strategic investment department of Alibaba Group Holding Limited, where she was responsible for the investment and mergers and acquisitions of the Alibaba group. From January 2004 to October 2006, she was an associate director of Deloitte & Touche Corporate Finance Ltd. Beijing Branch, where she was responsible for providing clients with financial advisory services related to investment and mergers and acquisitions. From 2000 to 2001, Ms. Zhang was a project director of the investment banking department of the Finance and Securities Institute at Renmin University of China, where she was responsible for the provision of financial advisory services for investment and mergers and acquisitions. From 1992 to 2000, Ms. Zhang was the lead project manager of China National Aero-Technology Import & Export Corporation, where she was responsible for investment analysis, investment execution and post-investment management. Ms. Zhang graduated with a bachelor's degree in management engineering from Beihang University, previously known as the Beijing University of Aeronautics and Astronautics, in the PRC in July 1992 and a master of business administration degree from the Amos Tuck School of Business Administration at Dartmouth College in the United States in June 2003. The Board further announced that Ms. NG Ka Man (Ms. Ng) has tendered her resignation as a joint company secretary of the Company (Joint Company Secretary), an authorized representative of the company (Authorized Representative) pursuant to Rule 3.05 of the Listing Rules and an authorized representative under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for acceptance of service of process and notices on behalf of the Company (Process Agent) in Hong Kong with effect from 15 December 2023 due to other work arrangements. The Board announced that, immediately following Ms. Ng's resignation, Mr. BAI Kun (Mr. Bai), an executive Director and a Joint Company Secretary, who has been confirmed by the Stock Exchange to be capable of acting as a company secretary of the Company under Rule 3.28 of the Listing Rules, will act as the sole company secretary of the Company and Mr. Bai has been appointed as an Authorized Representative and a Process Agent in Hong Kong in place of Ms. Ng, all with effect from 15 December 2023. Recent Insider Transactions • Nov 01
Non-Executive Director recently bought HK$29m worth of stock On the 30th of October, Deyuan Pan bought around 23m shares on-market at roughly HK$1.23 per share. This transaction increased Deyuan's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$29m more in shares than they have sold in the last 12 months. Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.032 per share at 8.4% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 06 November 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 8.4%. Within top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (8.5%). Reported Earnings • Aug 19
First half 2023 earnings released: EPS: CN¥0.032 (vs CN¥0.078 in 1H 2022) First half 2023 results: EPS: CN¥0.032 (down from CN¥0.078 in 1H 2022). Revenue: CN¥996.4m (up 7.9% from 1H 2022). Net income: CN¥32.9m (down 59% from 1H 2022). Profit margin: 3.3% (down from 8.7% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공시 • Aug 19
Tsaker New Energy Tech Co., Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 8 September 2023 Tsaker New Energy Tech Co., Limited announced interim dividend for the six months ended 30 June 2023 of RMB 0.029 per share. Ex-dividend date is 4 September 2023. Record date is 8 September 2023. Payment date is 06 November 2023. 공시 • Aug 09
Tsaker New Energy Tech Co., Limited to Report First Half, 2023 Results on Aug 18, 2023 Tsaker New Energy Tech Co., Limited announced that they will report first half, 2023 results on Aug 18, 2023 공시 • May 11
Tsaker New Energy Tech Co., Limited Declares Final Dividend for the Year Ended 31 December 2022, Payable on June 20, 2023 Tsaker New Energy Tech Co., Limited announced at the AGM held on May 10, 2023 that the company approved to declare a final dividend for the year ended 31 December 2022 of RMB 0.059 per Share payable on 30 June 2023 to the Shareholders whose names appear on the register of members of the Company on 18 May 2023. Upcoming Dividend • May 05
Upcoming dividend of CN¥0.059 per share at 7.7% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 7.7%. Within top quartile of Hong Kong dividend payers (7.6%). In line with average of industry peers (7.1%). Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.22 in FY 2021) Full year 2022 results: EPS: CN¥0.24 (up from CN¥0.22 in FY 2021). Revenue: CN¥2.12b (up 19% from FY 2021). Net income: CN¥242.0m (up 7.0% from FY 2021). Profit margin: 11% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Chemicals industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.51, the stock trades at a trailing P/E ratio of 6x. Average forward P/E is 5x in the Chemicals industry in Hong Kong. Total returns to shareholders of 11% over the past three years. 공시 • Dec 29
Tsaker New Energy Tech Co., Limited Provides Updates in Relation to New BPDA Products The board of Tsaker New Energy Tech Co., Limited updated the Shareholders and potential investors of the Company that the construction of the first phase of the BPDA Production Line with the production capacity of 300 tons BPDA Products per year has been completed. As of the date of this announcement, the First Phase Production Line has commenced its trial production and achieved a successful trial run. 공시 • Nov 26
Tsaker New Energy Tech Co., Limited Appoints Pan Deyuan as Non-Executive Director The board of directors of Tsaker New Energy Tech Co., Limited announced that Mr. PAN Deyuan has been appointed as a non-executive Director with effect from 25 November 2022. Mr. Pan, aged 41, has over 15 years of experience in investment management, computer science and technology. Since January 2022, Mr. Pan has been a director of Sanya Xuancai Private Equity Venture Capital Fund Management Co. Ltd. where he engages in the decision-making process of the board of directors, as well as daily operation and management of Sanya Xuancai. Since December 2020, he has been a director of Fujian Guoguang Xinye Sci-tec Co. Ltd. a subsidiary of Fujian Guoguang Electronic Science and Technology Co., Ltd, where he is responsible for considering the annual operation plan of Fujian Guoguang Xinye and major issues such as investment plans. Since April 2005, he has been a director of Fujian Guoguang Electronic where he is responsible for considering the annual operation plan of Fujian Guoguang Electronic and major issues such as investment plans. Mr. Pan graduated with major in computer science and technology from Wuhan University in the People's Republic of China in July 2004. Mr. Pan entered into a letter of appointment with the Company for a fixed term of three years commencing on 25 November 2022 and is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the articles of association of the Company. Mr. Pan is presently entitled to receive a director's fee of RMB200,000 per annum with discretionary bonus for his appointment as a non-executive Director as set out in his letter of appointment. His emolument has been reviewed by the remuneration committee of the Board and determined by the Board with reference to his responsibilities and duties within the Company and the prevailing market conditions. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Kenneth Ho was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be HK$1.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 43%. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 20% share price gain to HK$1.24, the stock trades at a trailing P/E ratio of 5.2x. Average forward P/E is 4x in the Chemicals industry in Hong Kong. Total returns to shareholders of 15% over the past three years. Upcoming Dividend • Aug 29
Upcoming dividend of HK$0.042 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 31 October 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.8%). 공시 • Aug 20
Tsaker New Energy Tech Co., Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 31 October 2022 Tsaker New Energy Tech Co., Limited announced interim dividend for the six months ended 30 June 2022 of RMB 0.036 per share. Ex-dividend date is 5 September 2022. Record date is 9 September 2022. Payment date is 31 October 2022. Reported Earnings • Aug 20
First half 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.081 in 1H 2021) First half 2022 results: EPS: CN¥0.08 (down from CN¥0.081 in 1H 2021). Revenue: CN¥923.2m (up 23% from 1H 2021). Net income: CN¥79.9m (down 3.8% from 1H 2021). Profit margin: 8.7% (down from 11% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.72, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 6x in the Chemicals industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Buying Opportunity • Jul 13
Now 23% undervalued Over the last 90 days, the stock is up 53%. The fair value is estimated to be HK$2.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 37%. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 27% share price gain to HK$2.26, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 6x in the Chemicals industry in Hong Kong. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.71, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 6x in the Chemicals industry in Hong Kong. Total loss to shareholders of 32% over the past three years. Upcoming Dividend • May 05
Upcoming dividend of CN¥0.068 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (5.4%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Kenneth Ho was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.27, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Chemicals industry in Hong Kong. Total loss to shareholders of 50% over the past three years. 공시 • Feb 12
Tsaker Chemical Group Limited Provides Earning Guidance for the Year Ended 31 December 2021 Tsaker Chemical Group Limited provides earning guidance for the year ended 31 December 2021. The net profit of the Group for the Reporting Period is expected to be not less than RMB 220.0 million, which would represent a significant increase by not less than RMB 75.4 million or 52.1% as compared with that of approximately RMB 144.6 million for the year ended 31 December 2020. Such increase was mainly attributable to (i) the increase in sales volume of dye intermediates and pigment intermediates during the Reporting Period due to the increase in market demand and the reduced impact of COVID-19 on production suspension; and (ii) the Group's completion of the upgrading of its production line for iron phosphate (a battery material) in June 2021, and such iron phosphate has been gradually mass- produced, coupled with the strong market demand, the production, sales volumes and market price of iron phosphate products increased significantly, which led to the increase in revenue and gross profit of the Group during the Reporting Period. Buying Opportunity • Jan 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥1.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.1% per annum over the last 3 years. Earnings per share has declined by 20% per annum over the last 3 years. Upcoming Dividend • Aug 26
Upcoming dividend of HK$0.047 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 21 September 2021. Trailing yield: 6.8%. Within top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 23
First half 2021 earnings released: EPS CN¥0.081 (vs CN¥0.13 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: CN¥753.4m (up 2.4% from 1H 2020). Net income: CN¥83.1m (down 40% from 1H 2020). Profit margin: 11% (down from 19% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥1.58, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 10x in the Chemicals industry in Hong Kong. Total loss to shareholders of 63% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.50 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.28b (down 30% from FY 2019). Net income: CN¥144.9m (down 72% from FY 2019). Profit margin: 11% (down from 28% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. 공시 • Mar 17
Tsaker Chemical Group Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 Tsaker Chemical Group Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Mar 05
New 90-day low: HK$1.29 The company is down 1.0% from its price of HK$1.30 on 04 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥1.30, the stock is trading at a trailing P/E ratio of 4.5x, down from the previous P/E ratio of 5.7x. This compares to an average P/E of 10x in the Chemicals industry in Hong Kong. Total return to shareholders over the past three years is a loss of 62%. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥1.63, the stock is trading at a trailing P/E ratio of 5.6x, up from the previous P/E ratio of 4.7x. This compares to an average P/E of 9x in the Chemicals industry in Hong Kong. Total return to shareholders over the past three years is a loss of 51%. Is New 90 Day High Low • Feb 03
New 90-day high: HK$1.63 The company is up 33% from its price of HK$1.23 on 05 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 41% over the same period. 