Board Change • Jul 01
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. 5 experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Independent Director Hongyu Zhu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Jun 30
Jiangsu Fasten Company Limited to Report First Half, 2026 Results on Aug 29, 2026 Jiangsu Fasten Company Limited announced that they will report first half, 2026 results on Aug 29, 2026 Reported Earnings • Apr 23
Full year 2025 earnings released: CN¥0.16 loss per share (vs CN¥0.25 loss in FY 2024) Full year 2025 results: CN¥0.16 loss per share (improved from CN¥0.25 loss in FY 2024). Revenue: CN¥310.1m (flat on FY 2024). Net loss: CN¥67.7m (loss narrowed 36% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 149 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 23
Jiangsu Fasten Company Limited, Annual General Meeting, May 14, 2026 Jiangsu Fasten Company Limited, Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Aankondiging • Mar 31
Jiangsu Fasten Company Limited to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Fasten Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Dec 31
Jiangsu Fasten Company Limited to Report Fiscal Year 2025 Results on Apr 23, 2026 Jiangsu Fasten Company Limited announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Dec 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 7.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.013 loss per share (vs CN¥0.04 loss in 3Q 2024) Third quarter 2025 results: CN¥0.013 loss per share (improved from CN¥0.04 loss in 3Q 2024). Revenue: CN¥76.3m (up 2.5% from 3Q 2024). Net loss: CN¥7.73m (loss narrowed 55% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. New Risk • Oct 14
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 7.6% 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. This is currently the only risk that has been identified for the company. Aankondiging • Sep 30
Jiangsu Fasten Company Limited to Report Q3, 2025 Results on Oct 31, 2025 Jiangsu Fasten Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Aankondiging • Jul 02
Jiangsu Fasten Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu Fasten Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • May 07
Jiangsu Fasten Company Limited announced that it expects to receive CNY 310 million in funding from Fasten Group Co. Ltd. Jiangsu Fasten Company Limited announced a private placement and entered into a subscription agreement to issue 125,000,000 A Shares at a price of CNY 2.48 per share for aggregate gross proceeds of CNY 310,000,000 on May 6, 2025. The transaction will include participation from Fasten Group Company Limited. The shares issued in the transaction will have a lockup period of 36 months from the date of issuance. The transaction has been approved at the 19th meeting of the 11th board of directors and the 9th meeting of the 11th board of supervisors, and is still subject to the approval of the Company's shareholders, the Shenzhen Stock Exchange and the China Securities Regulatory Commission. Aankondiging • Apr 28
Jiangsu Fasten Company Limited, Annual General Meeting, May 20, 2025 Jiangsu Fasten Company Limited, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Aankondiging • Mar 31
Jiangsu Fasten Company Limited to Report Q1, 2025 Results on Apr 28, 2025 Jiangsu Fasten Company Limited announced that they will report Q1, 2025 results on Apr 28, 2025 Aankondiging • Dec 31
Jiangsu Fasten Company Limited to Report Fiscal Year 2024 Results on Apr 28, 2025 Jiangsu Fasten Company Limited announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.04 loss per share (vs CN¥0.019 loss in 3Q 2023) Third quarter 2024 results: CN¥0.04 loss per share (further deteriorated from CN¥0.019 loss in 3Q 2023). Revenue: CN¥74.5m (down 35% from 3Q 2023). Net loss: CN¥17.2m (loss widened 45% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 30
Jiangsu Fasten Company Limited to Report Q3, 2024 Results on Oct 26, 2024 Jiangsu Fasten Company Limited announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: CN¥0.017 loss per share (vs CN¥0.005 profit in 2Q 2023) Second quarter 2024 results: CN¥0.017 loss per share (down from CN¥0.005 profit in 2Q 2023). Revenue: CN¥83.2m (down 21% from 2Q 2023). Net loss: CN¥5.82m (down 460% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 29
Jiangsu Fasten Company Limited to Report First Half, 2024 Results on Aug 24, 2024 Jiangsu Fasten Company Limited announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • May 29
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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. New Risk • May 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Aankondiging • Apr 28
Jiangsu Fasten Company Limited, Annual General Meeting, May 20, 2024 Jiangsu Fasten Company Limited, Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 annual report and its summary; to consider 2023 profit distribution plan; to consider 2023 provision for goodwill impairment; to consider 2023 provision for assets impairment; to consider Reappointment of audit firm; to consider 2024 remuneration plan for directors, supervisors and senior management; and to consider other business matters. Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.03 loss in FY 2022) Full year 2023 results: EPS: CN¥0.03 (up from CN¥0.03 loss in FY 2022). Revenue: CN¥445.9m (down 34% from FY 2022). Net income: CN¥11.4m (up CN¥22.8m from FY 2022). Profit margin: 2.6% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 30
Jiangsu Fasten Company Limited to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Fasten Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Buying Opportunity • Jan 08
Now 23% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CN¥6.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Dec 30
Jiangsu Fasten Company Limited to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangsu Fasten Company Limited announced that they will report fiscal year 2023 results on Apr 26, 2024 Buying Opportunity • Dec 22
Now 23% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CN¥6.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.019 loss per share (vs CN¥0.031 loss in 3Q 2022) Third quarter 2023 results: CN¥0.019 loss per share (improved from CN¥0.031 loss in 3Q 2022). Revenue: CN¥113.8m (down 32% from 3Q 2022). Net loss: CN¥11.8m (loss narrowed 27% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.041 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.005 (up from CN¥0.041 loss in 2Q 2022). Revenue: CN¥105.9m (down 43% from 2Q 2022). Net income: CN¥1.62m (up CN¥16.2m from 2Q 2022). Profit margin: 1.5% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Aug 04
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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Aankondiging • Jun 29
Jiangsu Fasten Company Limited Announces Board Changes Jiangsu Fasten Company Limited announced at the EGM held on June 26, 2023, approved election of Zhu Hongyu and Li Shanying as non-independent directors; Cao Zhengyi and Weng Xiaowei as independent directors and vetoed election of Wang Wei as non-independent directors. Aankondiging • May 06
Jiangsu Fasten Company Limited, Annual General Meeting, May 22, 2023 Jiangsu Fasten Company Limited, Annual General Meeting, May 22, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 annual report and its summary; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider adjustment of 2022 performance results and performance compensation plan for underlying assets of major assets restructuring; to consider 2023 remuneration plan for directors, supervisors and senior management; and to consider any other matters. Reported Earnings • Apr 30
First quarter 2023 earnings released: CN¥0.03 loss per share (vs CN¥0.03 loss in 1Q 2022) First quarter 2023 results: CN¥0.03 loss per share (in line with 1Q 2022). Revenue: CN¥128.4m (down 32% from 1Q 2022). Net loss: CN¥12.4m (loss narrowed 5.5% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. 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 Li Feng 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 27
Third quarter 2022 earnings released: CN¥0.031 loss per share (vs CN¥0.001 profit in 3Q 2021) Third quarter 2022 results: CN¥0.031 loss per share (down from CN¥0.001 profit in 3Q 2021). Revenue: CN¥167.5m (down 34% from 3Q 2021). Net loss: CN¥16.3m (down CN¥16.7m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: CN¥0.041 loss per share (vs CN¥0.037 loss in 2Q 2021) Second quarter 2022 results: CN¥0.041 loss per share. Revenue: CN¥184.3m (up 78% from 2Q 2021). Net loss: CN¥14.5m (loss narrowed 25% from 2Q 2021). Reported Earnings • Apr 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.10 (up from CN¥0.04 in FY 2020). Revenue: CN¥667.5m (up 43% from FY 2020). Net income: CN¥40.0m (up 151% from FY 2020). Profit margin: 6.0% (up from 3.4% in FY 2020). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.012 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥253.6m (up 97% from 3Q 2020). Net income: CN¥445.7k (down 90% from 3Q 2020). Profit margin: 0.2% (down from 3.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Aug 26
Second quarter 2021 earnings released: CN¥0.037 loss per share (vs CN¥0.12 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥103.5m (down 30% from 2Q 2020). Net loss: CN¥19.4m (down 142% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.58, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.094 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥119.8m (up 21% from 1Q 2020). Net income: CN¥3.01m (up CN¥38.7m from 1Q 2020). Profit margin: 2.5% (up from net loss in 1Q 2020). 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 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥0.04 (vs CN¥2.05 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥467.1m (down 54% from FY 2019). Net income: CN¥16.0m (up CN¥793.5m from FY 2019). Profit margin: 3.4% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 24
Jiangsu Fasten Company Limited to Report Fiscal Year 2020 Results on Mar 27, 2021 Jiangsu Fasten Company Limited announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Jan 22
New 90-day high: CN¥3.33 The company is up 31% from its price of CN¥2.55 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥2.91 The company is up 19% from its price of CN¥2.45 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: CN¥2.89 The company is up 2.0% from its price of CN¥2.84 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 2.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥2.41 The company is down 14% from its price of CN¥2.80 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 Metals and Mining industry, which is down 12% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥607.4m, with losses widening by 76% from the prior year. Total revenue was CN¥250.2m over the last 12 months, down 83% from the prior year. Aankondiging • Oct 17
Jiangsu Fasten Company Limited to Report Q3, 2020 Results on Oct 24, 2020 Jiangsu Fasten Company Limited announced that they will report Q3, 2020 results on Oct 24, 2020 Aankondiging • Aug 13
Jiangsu Fasten Company Limited to Report First Half, 2020 Results on Aug 29, 2020 Jiangsu Fasten Company Limited announced that they will report first half, 2020 results on Aug 29, 2020 
