Aankondiging • Jun 01
Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026 Shenma Industry Co.Ltd, Annual General Meeting, Jun 29, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China Reported Earnings • Apr 22
Full year 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.13 profit in FY 2024) Full year 2025 results: CN¥0.22 loss per share (down from CN¥0.13 profit in FY 2024). Revenue: CN¥12.6b (down 9.9% from FY 2024). Net loss: CN¥216.6m (down 261% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Apr 08
New major risk - Revenue and earnings growth Earnings have declined by 41% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Earnings have declined by 41% 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 (0.4% net profit margin). Aankondiging • Mar 30
Shenma Industry Co.Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shenma Industry Co.Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Dec 26
Shenma Industry Co.Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026 Shenma Industry Co.Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026 New Risk • Nov 11
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 7.7% 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 Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Aankondiging • Sep 30
Shenma Industry Co.Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shenma Industry Co.Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 188% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% 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 (1.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 188% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 80% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥15.6b to CN¥15.1b. EPS estimate also fell from CN¥0.205 per share to CN¥0.04 per share. Net income forecast to grow 11% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target up from CN¥7.50 to CN¥11.00. Share price rose 6.7% to CN¥10.72 over the past week. Declared Dividend • Jul 11
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 64% lower than last year. Ex-date: 17th July 2025 Payment date: 17th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 30
Shenma Industry Co.Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shenma Industry Co.Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 05
First quarter 2025 earnings released: CN¥0.02 loss per share (vs CN¥0.046 profit in 1Q 2024) First quarter 2025 results: CN¥0.02 loss per share (down from CN¥0.046 profit in 1Q 2024). Revenue: CN¥3.24b (down 6.2% from 1Q 2024). Net loss: CN¥17.9m (down 138% from profit in 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 30
Shenma Industry Co.Ltd, Annual General Meeting, May 20, 2025 Shenma Industry Co.Ltd, Annual General Meeting, May 20, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.16, the stock trades at a forward P/E ratio of 179x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 23% over the past three years. New Risk • Apr 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 100% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Aankondiging • Mar 28
Shenma Industry Co.Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shenma Industry Co.Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.03 (down from CN¥0.12 in FY 2023). Revenue: CN¥14.0b (up 8.1% from FY 2023). Net income: CN¥33.5m (down 73% from FY 2023). Profit margin: 0.2% (down from 1.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. New Risk • Mar 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: 0.2% Last year net profit margin: 1.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 164% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Aankondiging • Dec 27
Shenma Industry Co.Ltd to Report Fiscal Year 2024 Results on Mar 20, 2025 Shenma Industry Co.Ltd announced that they will report fiscal year 2024 results on Mar 20, 2025 Aankondiging • Nov 16
Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 300 million worth of its shares. Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 300 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.77 per share. The purpose of the program is to protect the company's value and shareholders' rights. The shares repurchased will be sold 12 months after the disclosure of the repurchase results and the announcement of the share changes, and the sale will be completed within three years after the disclosure of the repurchase results and the announcement of the share changes. If the company fails to complete the sale within the above period, the unsold shares will be cancelled after completing the relevant procedures. The program will be funded from company’s own funds and a special loan provided by the Henan Branch of Industrial and Commercial Bank of China. The program will be valid for not more than 3 months. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 52%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥13.9b to CN¥14.2b. EPS estimate fell from CN¥0.29 to CN¥0.14 per share. Net income forecast to grow 277% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target of CN¥7.50 unchanged from last update. Share price rose 8.0% to CN¥7.59 over the past week. New Risk • Oct 31
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 187% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% 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 Debt is not well covered by operating cash flow (6.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 187% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.056 loss per share (vs CN¥0.11 profit in 3Q 2023) Third quarter 2024 results: CN¥0.056 loss per share (down from CN¥0.11 profit in 3Q 2023). Revenue: CN¥3.24b (down 14% from 3Q 2023). Net loss: CN¥27.7m (down 126% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 30
Shenma Industry Co.Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shenma Industry Co.Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years. New Risk • Sep 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x 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 (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥14.3b to CN¥13.9b. EPS estimate also fell from CN¥0.42 per share to CN¥0.29 per share. Net income forecast to grow 109% next year vs 46% growth forecast for Chemicals industry in China. Consensus price target down from CN¥9.30 to CN¥7.50. Share price fell 3.6% to CN¥6.11 over the past week. Price Target Changed • Sep 04
Price target decreased by 21% to CN¥7.50 Down from CN¥9.50, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥6.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.12 last year. Aankondiging • Aug 28
Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 200 million worth of its shares. Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.12 per share. The shares repurchased will be used for ESOP or equity incentives, or shares for the Company’s convertible bonds. The program will be valid for not more than 12 months. Aankondiging • Jun 28
Shenma Industry Co.Ltd to Report First Half, 2024 Results on Aug 31, 2024 Shenma Industry Co.Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Aankondiging • Apr 29
Shenma Industry Co.Ltd, Annual General Meeting, May 17, 2024 Shenma Industry Co.Ltd, Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Pingdingshan, Henan China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.02 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.02 loss in 1Q 2023). Revenue: CN¥3.35b (up 21% from 1Q 2023). Net income: CN¥30.8m (up CN¥51.3m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 29
Shenma Industry Co.Ltd to Report Q1, 2024 Results on Apr 27, 2024 Shenma Industry Co.Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.41 in FY 2022). Revenue: CN¥12.9b (down 4.7% from FY 2022). Net income: CN¥123.4m (down 71% from FY 2022). Profit margin: 1.0% (down from 3.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 57% 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. Aankondiging • Dec 30
Shenma Industry Co.Ltd to Report Fiscal Year 2023 Results on Mar 20, 2024 Shenma Industry Co.Ltd announced that they will report fiscal year 2023 results on Mar 20, 2024 New Risk • Oct 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x 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 Risks Interest payments are not well covered by earnings (1.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 17x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.07% net profit margin). Aankondiging • Sep 30
Shenma Industry Co.Ltd to Report Q3, 2023 Results on Oct 12, 2023 Shenma Industry Co.Ltd announced that they will report Q3, 2023 results on Oct 12, 2023 Aankondiging • Sep 09
Shenma Industry Co.Ltd (SHSE:600810) announces an Equity Buyback for CNY 100 million worth of its shares. Shenma Industry Co.Ltd (SHSE:600810) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.56 per share. The shares repurchased will be used for ESOP or equity incentives, or shares for the Company’s convertible bonds. The program will be valid for not more than 6 months. Aankondiging • Jun 28
Shenma Industry Co.Ltd to Report First Half, 2023 Results on Aug 26, 2023 Shenma Industry Co.Ltd announced that they will report first half, 2023 results on Aug 26, 2023 Board Change • Nov 16
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. 5 non-independent directors. Independent Director Xian Shang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.011 loss per share (vs CN¥0.68 profit in 3Q 2021) Third quarter 2022 results: CN¥0.011 loss per share (down from CN¥0.68 profit in 3Q 2021). Revenue: CN¥3.06b (down 16% from 3Q 2021). Net loss: CN¥12.0m (down 102% from profit in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.70 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.70 in 2Q 2021). Revenue: CN¥3.74b (up 14% from 2Q 2021). Net income: CN¥158.9m (down 75% from 2Q 2021). Profit margin: 4.2% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 40% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.40 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.35. Revenue: CN¥3.86b (up 29% from 1Q 2021). Net income: CN¥367.6m (up 6.4% from 1Q 2021). Profit margin: 9.5% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 42% growth forecast for the industry in China. Board Change • Apr 27
Less than half of directors are independent Following 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. 7 non-independent directors. Independent Director Jun An Wu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: CN¥2.30 (vs CN¥0.58 in FY 2020) Full year 2021 results: EPS: CN¥2.30 (up from CN¥0.58 in FY 2020). Revenue: CN¥13.4b (up 51% from FY 2020). Net income: CN¥2.14b (up 479% from FY 2020). Profit margin: 16% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 02
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥15.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years. Buying Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be CN¥14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.048 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥3.63b (down 2.6% from 3Q 2020). Net income: CN¥643.7m (up CN¥577.5m from 3Q 2020). Profit margin: 18% (up from 1.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥13.33, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.81 per share. Aankondiging • Sep 03
Shenma Industrial Co., Ltd. (SHSE:600810) entered into a share transfer agreement to acquire an additional 5% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from Pingdingshan Eastern Investment Co., Ltd. for CNY 0. Shenma Industrial Co., Ltd. (SHSE:600810) entered into a share transfer agreement to acquire an additional 5% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from Pingdingshan Eastern Investment Co., Ltd. for CNY 0 on September 1, 2021. Under the agreement, Shenma Industrial Co., Ltd. will acquire the investment rights corresponding to CNY 60 million registered capital in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. In a related transaction, Shenma Industrial Co., Ltd. also agreed to acquire an additional 10.2% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Group Co., Ltd. for approximately CNY 130 million on September 1, 2021. Following the acquisitions, Shenma Industrial Co., Ltd. will increase its stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from 55.8% to 71%. As of June 30, 2021, Henan Pingmei Shenma Polycarbon Materials Co., Ltd. reported total assets of CNY 2.9 billion and owner's equity of CNY 1.1 billion. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.77 per share. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.03 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.29b (up 141% from 2Q 2020). Net income: CN¥629.3m (up CN¥597.2m from 2Q 2020). Profit margin: 19% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥13.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.16 per share. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.32, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 3.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.19 per share. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.00b (up 9.1% from 1Q 2020). Net income: CN¥345.6m (up CN¥322.1m from 1Q 2020). Profit margin: 12% (up from 0.9% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥11.17 The company is up 1.0% from its price of CN¥11.01 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥334 per share. Is New 90 Day High Low • Nov 12
New 90-day high: CN¥9.46 The company is up 9.0% from its price of CN¥8.71 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 23% share price gain to CN¥9.46, the stock is trading at a trailing P/E ratio of 42.6x, up from the previous P/E ratio of 34.6x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 70%. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 17% share price gain to CN¥8.64, the stock is trading at a trailing P/E ratio of 38.9x, up from the previous P/E ratio of 33.3x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 54%. Aankondiging • Oct 29
Shenma Industrial Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Shenma Industrial Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Aankondiging • Jul 30
Shenma Industrial Co., Ltd. (SHSE:600810) completed the acquisition of an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. Shenma Industrial Co., Ltd. (SHSE:600810) agreed to acquire an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. for nil consideration on December 30, 2019. Post transaction, Shenma Industrial Co., Ltd. will hold 55% stake and China Pingmei Shenma Energy & Chemical Group Co., Ltd. will hold 10.2% stake in Henan Pingmei Shenma Polycarbon Materials. Henan Pingmei Shenma Polycarbon Materials reported total assets of CNY 12.21 million, net assets of CNY 12 million and nil revenues as of December 31, 2018. The transaction is subject to approval from shareholders of Shenma Industrial Co., Ltd. The transaction is approved by the Board of Shenma Industrial Co., Ltd.
Shenma Industrial Co., Ltd. (SHSE:600810) completed the acquisition of an additional 40.8% stake in Henan Pingmei Shenma Polycarbon Materials Co., Ltd. from China Pingmei Shenma Energy & Chemical Group Co., Ltd. on March 11, 2020. Aankondiging • Jul 18
Shenma Industrial Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Shenma Industrial Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 