Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥19.03, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Basic Materials industry in China. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.57 per share. Declared Dividend • May 25
Dividend of CN¥0.48 announced Shareholders will receive a dividend of CN¥0.48. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 18
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 8.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥17.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Basic Materials industry in China. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.40 per share. Price Target Changed • May 04
Price target increased by 18% to CN¥15.03 Up from CN¥12.76, the current price target is an average from 2 analysts. New target price is 7.4% above last closing price of CN¥14.00. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥1.19 for next year compared to CN¥0.68 last year. Buy Or Sell Opportunity • Apr 29
Now 21% overvalued Over the last 90 days, the stock has fallen 5.2% to CN¥13.19. The fair value is estimated to be CN¥10.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 6.1%. Revenue is forecast to grow by 20% in a year. Earnings are forecast to grow by 44% in the next year. Aankondiging • Apr 28
Gansu Shangfeng Cement Co.,Ltd, Annual General Meeting, May 19, 2026 Gansu Shangfeng Cement Co.,Ltd, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Aankondiging • Mar 31
Gansu Shangfeng Cement Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Gansu Shangfeng Cement Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Dec 31
Gansu Shangfeng Cement Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Gansu Shangfeng Cement Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Buy Or Sell Opportunity • Dec 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to CN¥11.00. The fair value is estimated to be CN¥9.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 3.5% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Buy Or Sell Opportunity • Dec 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to CN¥10.96. The fair value is estimated to be CN¥9.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 3.5% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Buy Or Sell Opportunity • Oct 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to CN¥11.29. The fair value is estimated to be CN¥9.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 3.5% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.27 (up from CN¥0.24 in 3Q 2024). Revenue: CN¥1.33b (down 6.8% from 3Q 2024). Net income: CN¥281.1m (up 20% from 3Q 2024). Profit margin: 21% (up from 16% in 3Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Oct 01
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Aankondiging • Sep 30
Gansu Shangfeng Cement Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Gansu Shangfeng Cement Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥11.02, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Basic Materials industry in China. Total returns to shareholders of 5.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.56 per share. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.13 in 2Q 2024). Revenue: CN¥1.32b (down 11% from 2Q 2024). Net income: CN¥166.9m (up 6.9% from 2Q 2024). Profit margin: 13% (up from 11% in 2Q 2024). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Jul 23
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 6.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥10.36, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Basic Materials industry in China. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.52 per share. Aankondiging • Jul 02
Gansu Shangfeng Cement Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Gansu Shangfeng Cement Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • May 22
Dividend increased to CN¥0.63 Dividend of CN¥0.63 is 57% higher than last year. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 7.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (89.8% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 34% over the next 3 years, which should maintain adequate earnings cover for the dividend. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.02 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥951.3m (up 4.6% from 1Q 2024). Net income: CN¥79.9m (up 448% from 1Q 2024). Profit margin: 8.4% (up from 1.6% in 1Q 2024). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 25
Gansu Shangfeng Cement Co.,Ltd, Annual General Meeting, May 16, 2025 Gansu Shangfeng Cement Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: Unit E, Building 1, No. 738, Wen'er West Road, Xihu District, Hangzhou, Zhejiang China Aankondiging • Mar 31
Gansu Shangfeng Cement Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Gansu Shangfeng Cement Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Aankondiging • Dec 31
Gansu Shangfeng Cement Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Gansu Shangfeng Cement Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Price Target Changed • Nov 14
Price target increased by 8.5% to CN¥9.57 Up from CN¥8.82, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CN¥8.28. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of CN¥0.67 for next year compared to CN¥0.78 last year. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥1.42b (down 15% from 3Q 2023). Net income: CN¥233.6m (up 38% from 3Q 2023). Profit margin: 16% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 30
Gansu Shangfeng Cement Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Gansu Shangfeng Cement Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥7.26, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 47% over the past three years. New Risk • Sep 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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: Minor Risks Dividend is not well covered by earnings (98% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.34b to CN¥6.02b. EPS estimate also fell from CN¥0.785 per share to CN¥0.68 per share. Net income forecast to grow 83% next year vs 20% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥9.03 to CN¥8.50. Share price was steady at CN¥6.30 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.37 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.37 in 2Q 2023). Revenue: CN¥1.48b (down 18% from 2Q 2023). Net income: CN¥156.2m (down 56% from 2Q 2023). Profit margin: 11% (down from 20% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 29
Gansu Shangfeng Cement Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024 Gansu Shangfeng Cement Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Board Change • Jun 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. VP, Secretary of the Board & Director Hui Qu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 18
Gansu Shangfeng Cement Co.,Ltd (SZSE:000672) announces an Equity Buyback for CNY 200 million worth of its shares. Gansu Shangfeng Cement Co.,Ltd (SZSE:000672) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 10.4 per share. The purpose of this share repurchase is necessary to maintain the company's value and shareholders' interests. The repurchased shares will be sold at an appropriate time twelve months after the company discloses the results of this repurchase and the announcement of share changes. If the company fails to implement the above-mentioned purpose within 36 months after the completion of the share repurchase, the unused portion will be cancelled. The program will be funded from company's own funds. The program will be valid for 3 months. Aankondiging • Apr 27
Gansu Shangfeng Cement Co.,Ltd Announces Profit Distribution Proposal for 2023 Gansu Shangfeng Cement Co.,Ltd announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included) of CNY 4.00000000. Price Target Changed • Apr 26
Price target decreased by 8.8% to CN¥10.30 Down from CN¥11.30, the current price target is an average from 2 analysts. New target price is 46% above last closing price of CN¥7.05. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.76 for next year compared to CN¥0.78 last year. Reported Earnings • Apr 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.78 (down from CN¥0.99 in FY 2022). Revenue: CN¥6.40b (down 10% from FY 2022). Net income: CN¥744.3m (down 22% from FY 2022). Profit margin: 12% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 26
Gansu Shangfeng Cement Co.,Ltd, Annual General Meeting, May 16, 2024 Gansu Shangfeng Cement Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: Unit E, Building 1, No. 738, Wen'er West Road, Xihu District, Hangzhou, Zhejiang China Aankondiging • Mar 30
Gansu Shangfeng Cement Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 Gansu Shangfeng Cement Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Buy Or Sell Opportunity • Feb 06
Now 26% overvalued Over the last 90 days, the stock has fallen 18% to CN¥7.04. The fair value is estimated to be CN¥5.59, 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. Earnings per share has declined by 34%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥6.62, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Basic Materials industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.59 per share. Aankondiging • Dec 30
Gansu Shangfeng Cement Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Gansu Shangfeng Cement Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.14 in 3Q 2022). Revenue: CN¥1.67b (up 3.1% from 3Q 2022). Net income: CN¥169.2m (up 22% from 3Q 2022). Profit margin: 10% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.37 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.37 (down from CN¥0.37 in 2Q 2022). Revenue: CN¥1.82b (down 11% from 2Q 2022). Net income: CN¥358.8m (down 2.0% from 2Q 2022). Profit margin: 20% (up from 18% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year. Major Estimate Revision • Aug 25
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥7.86b to CN¥6.81b. EPS estimate fell from CN¥1.59 to CN¥1.08 per share. Net income forecast to grow 66% next year vs 77% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥14.16 to CN¥11.68. Share price fell 2.2% to CN¥9.34 over the past week. Aankondiging • May 18
Gansu Shangfeng Cement Co.,Ltd Declares Cash Dividend on A Shares for 2022, Payable on May 23, 2023 Gansu Shangfeng Cement Co.,Ltd declared Cash dividend/10 shares (tax included) of CNY 3.50000000 on A shares for 2022, payable on May 23, 2023. Record date: May 22, 2023 and Ex-date: May 23, 2023. Major Estimate Revision • Apr 26
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥8.88b to CN¥7.86b. EPS estimate fell from CN¥1.69 to CN¥1.58 per share. Net income forecast to grow 102% next year vs 64% growth forecast for Basic Materials industry in China. Consensus price target of CN¥14.16 unchanged from last update. Share price fell 9.2% to CN¥10.81 over the past week. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.36 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.36 in 1Q 2022). Revenue: CN¥1.39b (down 6.8% from 1Q 2022). Net income: CN¥172.6m (down 49% from 1Q 2022). Profit margin: 12% (down from 23% in 1Q 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buying Opportunity • Apr 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be CN¥14.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 8.3%. Revenue is forecast to grow by 5.9% in 2 years. Earnings is forecast to grow by 22% in the next 2 years. Buying Opportunity • Dec 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥15.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 8.3%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Price Target Changed • Dec 01
Price target decreased to CN¥17.13 Down from CN¥19.96, the current price target is an average from 3 analysts. New target price is 46% above last closing price of CN¥11.70. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥2.27 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.60 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.60 in 3Q 2021). Revenue: CN¥1.62b (down 23% from 3Q 2021). Net income: CN¥139.1m (down 76% from 3Q 2021). Profit margin: 8.6% (down from 28% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥9.32b to CN¥8.83b. EPS estimate also fell from CN¥2.54 per share to CN¥2.27 per share. Net income forecast to grow 27% next year vs 30% growth forecast for Basic Materials industry in China. Consensus price target of CN¥19.87 unchanged from last update. Share price fell 2.2% to CN¥14.56 over the past week. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.69 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.37 (down from CN¥0.69 in 2Q 2021). Revenue: CN¥2.05b (down 13% from 2Q 2021). Net income: CN¥366.0m (down 44% from 2Q 2021). Profit margin: 18% (down from 28% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 17%, compared to a 16% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • May 26
Gansu Shangfeng Cement Co.,Ltd Announces Final Dividend on A Shares for the Year 2021, Payable on 30 May 2022 Gansu Shangfeng Cement Co.,Ltd announced final cash dividend/10 shares (tax included) of CNY 8.00000000 on A shares for the year 2021. Record date is 27 May 2022; Ex-date is 30 May 2022; and Payment date is 30 May 2022. Major Estimate Revision • May 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥3.41 to CN¥3.00 per share. Revenue forecast steady at CN¥9.30b. Net income forecast to grow 15% next year vs 25% growth forecast for Basic Materials industry in China. Consensus price target broadly unchanged at CN¥24.21. Share price rose 9.7% to CN¥20.83 over the past week. Aankondiging • Apr 28
Gansu Shangfeng Cement Co.,Ltd Proposes Final Cash Dividend for 2021 Gansu Shangfeng Cement Co.,Ltd proposed final cash dividend per 10 shares (tax included) of CNY 8.00000000 for 2021. 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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Apr 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be CN¥25.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Buying Opportunity • Mar 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be CN¥24.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years. Buying Opportunity • Jan 30
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CN¥24.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 18% per annum over the last 3 years. Buying Opportunity • Jan 13
Now 22% undervalued Over the last 90 days, the stock is up 9.2%. The fair value is estimated to be CN¥25.13, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥19.76, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Basic Materials industry in China. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.83 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.63 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.10b (up 33% from 3Q 2020). Net income: CN¥579.4m (up 15% from 3Q 2020). Profit margin: 28% (down from 32% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥19.96, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.72 per share. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥23.71, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 217% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.61 per share. Price Target Changed • Aug 28
Price target decreased to CN¥24.83 Down from CN¥27.51, the current price target is an average from 3 analysts. New target price is 33% above last closing price of CN¥18.68. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.82 (vs CN¥0.84 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.37b (up 30% from 2Q 2020). Net income: CN¥655.2m (down 2.5% from 2Q 2020). Profit margin: 28% (down from 37% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 16
The unknown buyer agreed to acquire an additional unknown minority stake in Gansu Shangfeng Cement Co.,Ltd (SZSE:000672). The unknown buyer agreed to acquire an additional unknown minority stake in Gansu Shangfeng Cement Co.,Ltd (SZSE:000672) on June 15, 2021. The transaction will complete within six months. Aankondiging • May 26
Gansu Shangfeng Cement Co.,Ltd Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 31 May 2021 Gansu Shangfeng Cement Co.,Ltd announced 2020 final profit distribution plan to be implemented (A shares) of CNY 8.50000000 per 10 shares (tax included), with Record date: 28 May 2021; Ex-date: 31 May 2021; and Payment date: 31 May 2021. Aankondiging • May 21
Gansu Shangfeng Cement Co.,Ltd Approves Final Cash Dividend for the Year 2020 Gansu Shangfeng Cement Co.,Ltd approved final cash dividend of CNY 8.50000000 per 10 shares (tax included) for the year 2020. Aankondiging • Apr 29
Gansu Shangfeng Cement Co.,Ltd Proposes Final Dividend for the Year 2020 Gansu Shangfeng Cement Co.,Ltd proposed final cash dividend of CNY 8.50000000 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.44 (vs CN¥0.42 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.22b (up 16% from 1Q 2020). Net income: CN¥354.5m (up 5.4% from 1Q 2020). Profit margin: 29% (down from 32% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 22% per year. Aankondiging • Feb 27
Gansu Shangfeng Cement's Unit to Buy 85% Stake in Firm Gansu Shangfeng Cement Co.,Ltd (SZSE:000672) said its unit plans to buy 85% stake in cement firm in inner Mongolia for CNY 112 million ($17.36 million). Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.33, the stock is trading at a trailing P/E ratio of 7.4x, up from the previous P/E ratio of 6.3x. This compares to an average P/E of 15x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 84%. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥18.21 The company is down 17% from its price of CN¥21.85 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥58.94 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥21.16 The company is down 18% from its price of CN¥25.83 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥58.95 per share. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥21.20 The company is down 30% from its price of CN¥30.25 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥48.97 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.30b, up 9.9% from the prior year. Total revenue was CN¥7.28b over the last 12 months, up 16% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: CN¥23.90 The company is down 11% from its price of CN¥26.95 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.37 per share.