Aankondiging • Jul 25
Elite Color Environmental Resources Science & Technology Co., Ltd. Announces 2026 Interim Profit Distribution Plan to Be Implemented (A Shares), Payable on 03 August 2026 Elite Color Environmental Resources Science & Technology Co., Ltd. announced 2026 interim profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included): CNY 2.00000000. Record date: 31 July 2026; Ex-date: 03 August 2026; Payment date: 03 August 2026. Reported Earnings • Jul 16
Second quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.068 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.15 (up from CN¥0.068 in 2Q 2025). Revenue: CN¥718.6m (up 14% from 2Q 2025). Net income: CN¥50.6m (up 102% from 2Q 2025). Profit margin: 7.0% (up from 4.0% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.46, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 51x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Aankondiging • Jun 30
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report First Half, 2026 Results on Jul 16, 2026 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report first half, 2026 results on Jul 16, 2026 Reported Earnings • Apr 13
First quarter 2026 earnings released: EPS: CN¥0.09 (vs CN¥0.05 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.09 (up from CN¥0.05 in 1Q 2025). Revenue: CN¥611.4m (up 1.1% from 1Q 2025). Net income: CN¥32.0m (up 107% from 1Q 2025). Profit margin: 5.2% (up from 2.6% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • Apr 13
Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 06, 2026 Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 06, 2026, at 14:30 China Standard Time. Location: 1F, No. 38, Huanxi Road, Zhutang Town, Jiangyin, Jiangsu China Aankondiging • Mar 31
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Q1, 2026 Results on Apr 13, 2026 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 13, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.39, the stock trades at a trailing P/E ratio of 69.2x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Aankondiging • Dec 31
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 13, 2026 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 13, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.037 (vs CN¥0.081 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.037 (down from CN¥0.081 in 3Q 2024). Revenue: CN¥693.2m (up 24% from 3Q 2024). Net income: CN¥10.1m (down 63% from 3Q 2024). Profit margin: 1.5% (down from 4.9% in 3Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 06
Upcoming dividend of CN¥0.12 per share Eligible shareholders must have bought the stock before 13 October 2025. Payment date: 13 October 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.4%). Aankondiging • Sep 30
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Buy Or Sell Opportunity • Sep 18
Now 22% undervalued Over the last 90 days, the stock has risen 11% to CN¥8.00. The fair value is estimated to be CN¥10.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. Aankondiging • Sep 18
Elite Color Environmental Resources Science & Technology Co., Ltd. Approves Interim Cash Dividend for 2025 Elite Color Environmental Resources Science & Technology Co., Ltd. approved 2025 interim profit distribution plan as Cash dividend/10 shares (tax included): CNY 1.20000000, at its 2nd Extraordinary General Meeting of 2025 on 16 September 2025. Buy Or Sell Opportunity • Aug 27
Now 21% undervalued Over the last 90 days, the stock has risen 2.4% to CN¥8.21. The fair value is estimated to be CN¥10.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 8.6%. Aankondiging • Jul 02
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.24, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 36x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Buy Or Sell Opportunity • Jun 16
Now 19% undervalued Over the last 90 days, the stock has risen 21% to CN¥8.20. The fair value is estimated to be CN¥10.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 8.6%. Declared Dividend • Jun 16
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 6.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (275% 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 29% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 206% to bring the payout ratio under control. However, EPS has declined by 8.5% over the last 5 years so the company would need to reverse this trend. Buy Or Sell Opportunity • May 30
Now 22% undervalued Over the last 90 days, the stock has risen 22% to CN¥7.75. The fair value is estimated to be CN¥9.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 8.6%. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.02, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 14% over the past three years. New Risk • May 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 275% The company is paying a dividend despite having no free cash flows. Dividend yield: 7.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 275% Paying a dividend despite having no free cash flows. Earnings have declined by 3.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). New Risk • Apr 25
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: 3.6% Last year net profit margin: 5.6% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.6% net profit margin). Aankondiging • Apr 25
Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 16, 2025 Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 1F, No. 38, Huanxi Road, Zhutang Town, Jiangyin, Jiangsu China Buy Or Sell Opportunity • Apr 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to CN¥6.64. The fair value is estimated to be CN¥5.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.68, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 33x in the Chemicals industry in China. Total loss to shareholders of 22% over the past three years. Aankondiging • Mar 31
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Feb 17
Now 22% overvalued Over the last 90 days, the stock has fallen 1.1% to CN¥6.40. The fair value is estimated to be CN¥5.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. Aankondiging • Dec 31
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.28, the stock trades at a trailing P/E ratio of 19.2x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 13% over the past three years. Aankondiging • Oct 18
Elite Color Environmental Resources Science & Technology Co., Ltd. Proposes Profit Distribution for the Third Quarter of 2024 On October 15, 2024, Elite Color Environmental Resources Science & Technology Co., Ltd. proposed the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥558.7m (down 25% from 3Q 2023). Net income: CN¥27.2m (down 37% from 3Q 2023). Profit margin: 4.9% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Aankondiging • Sep 30
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Q3, 2024 Results on Oct 15, 2024 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 15, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥6.05, the stock trades at a trailing P/E ratio of 14.1x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥529.8m (down 14% from 2Q 2023). Net income: CN¥34.3m (down 8.2% from 2Q 2023). Profit margin: 6.5% (up from 6.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Aankondiging • Jun 29
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Aankondiging • Jun 06
Elite Color Environmental Resources Science & Technology Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 13 June 2024 Elite Color Environmental Resources Science & Technology Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2023, payable on 13 June 2024. Record date is 12 June 2024. Ex-date is 13 June 2024. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 0.1% 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 Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (99% cash payout ratio). Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.24 in FY 2022) Full year 2023 results: EPS: CN¥0.42 (up from CN¥0.24 in FY 2022). Revenue: CN¥2.45b (up 8.5% from FY 2022). Net income: CN¥137.0m (up 77% from FY 2022). Profit margin: 5.6% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% 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, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Aankondiging • Apr 29
Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 30, 2024 Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 30, 2024, at 14:30 China Standard Time. Location: 1F, No. 38, Huanxi Road, Zhutang Town, Jiangyin, Jiangsu China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.07, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 46% over the past three years. Aankondiging • Mar 30
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Feb 22
Now 22% overvalued Over the last 90 days, the stock has fallen 30% to CN¥5.89. The fair value is estimated to be CN¥4.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 30%. New Risk • Feb 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 4.8% 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 (129% cash payout ratio). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥5.79, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years. Aankondiging • Dec 30
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Aankondiging • Nov 04
Elite Color Environmental Resources Science & Technology Co., Ltd. (SZSE:002998) announces an Equity Buyback for CNY 30 million worth of its shares. Elite Color Environmental Resources Science & Technology Co., Ltd. (SZSE:002998) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than CNY 11.58 per share. The repurchased shares will be used for ESOP or equity incentives. The repurchase period will be not more than 12 months. Board Change • Oct 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rongzhen Li was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 26
Elite Color Environmental Resources Science & Technology Co., Ltd. Announces Interim Dividend on A Shares for the Year 2023, Payable on 09 October 2023 Elite Color Environmental Resources Science & Technology Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.50000000 on A shares for the interim profit of 2023. Record date: 28 September 2023. Ex-date: 09 October 2023. Payment date: 09 October 2023. Aankondiging • Sep 23
Elite Color Environmental Resources Science & Technology Co., Ltd. Approves Cash Dividend Elite Color Environmental Resources Science & Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 held on 20 September 2023, approved cash dividend/10 shares (tax included): CNY 1.50000000. New Risk • Aug 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 129% Dividend yield: 3.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Earnings have declined by 4.8% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (129% cash payout ratio). Aankondiging • Aug 02
Elite Color Environmental Resources Science & Technology Co., Ltd. Announces Profit Distribution Proposal for the First Half of 2023 Elite Color Environmental Resources Science & Technology Co., Ltd. announced the profit distribution proposal for the first half of 2023 as follows: Cash dividend per 10 shares (tax included) of CNY 1.50000000. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.028 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.028 in 2Q 2022). Revenue: CN¥613.2m (up 17% from 2Q 2022). Net income: CN¥37.4m (up 344% from 2Q 2022). Profit margin: 6.1% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Aankondiging • Jul 01
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report First Half, 2023 Results on Aug 01, 2023 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 01, 2023 Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.31 in FY 2021) Full year 2022 results: EPS: CN¥0.24 (down from CN¥0.31 in FY 2021). Revenue: CN¥2.25b (up 39% from FY 2021). Net income: CN¥77.6m (down 23% from FY 2021). Profit margin: 3.4% (down from 6.2% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Rongzhen Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 16
Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 05, 2022 Elite Color Environmental Resources Science & Technology Co., Ltd., Annual General Meeting, May 05, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report; to consider 2021 annual accounts and 2022 financial budget report; to consider 2021 profit distribution plan; to consider reappointment of audit firm; and to consider other matters. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.49, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 29x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 25% share price decline to CN¥11.21, the stock is trading at a trailing P/E ratio of 21.4x, down from the previous P/E ratio of 28.3x. This compares to an average P/E of 36x in the Chemicals industry in China. Aankondiging • Mar 08
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Feb 22
New 90-day high: CN¥12.53 The company is up 2.0% from its price of CN¥12.27 on 24 November 2020. The Chinese market is up 8.0% 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. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.39, the stock is trading at a trailing P/E ratio of 21.7x, up from the previous P/E ratio of 18.7x. This compares to an average P/E of 37x in the Chemicals industry in China. Aankondiging • Feb 03
Elite Color Environmental Resources Science & Technology Co., Ltd. (SZSE:002998) signed equity transfer agreement to acquire Jiangyin Zhongcai Photovoltaic Material Technology Co., Ltd from Jiangsu Yixin New Material Technology Co., Ltd for CNY 41.5 million Elite Color Environmental Resources Science & Technology Co., Ltd. (SZSE:002998) signed equity transfer agreement to acquire Jiangyin Zhongcai Photovoltaic Material Technology Co., Ltd from Jiangsu Yixin New Material Technology Co., Ltd for CNY 41.5 million on January 30, 2021. The transaction price is paid in two installments. Within three working days from the effective date of the signing of this agreement, the Elite Color shall pay the first transaction consideration of CNY 2 million to the transferor’s account ; Within five working days after the completion of the delivery, it shall pay the second transaction consideration of CNY 39.5 million to the account of the transferor. The parties further agree that if the target company has any outstanding liabilities on the delivery date, the transferee may deduct from the transaction consideration or require the transferor to compensate the amount of such outstanding liabilities. Transaction was funded from self-raised funds. Ren Haitao and and Jiangyin Honglie Metallurgical Equipment acted as guarantor in transaction.For year ended December 31, 2020, The Jiangyin Zhongcai Photovoltaic Material had total assets, net assets, operating income and net loss as CNY 24.8 million, CNY 24.7 million, CNY 0.4 million and CNY 1.7 million respectively. On January 30, 2021, transaction was approved by board of Elite Color Environmental Resources Science & Technology. The parties agree that the subject of this equity transfer is 100% of the equity of the subject company held by the transferor. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥8.78 The company is down 14% from its price of CN¥10.19 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 16% share price gain to CN¥12.27, the stock is trading at a trailing P/E ratio of 23.4x, up from the previous P/E ratio of 20.2x. This compares to an average P/E of 40x in the Chemicals industry in China. Aankondiging • Oct 17
Elite Color Environmental Resources Science & Technology Co., Ltd. to Report Q3, 2020 Final Results on Oct 23, 2020 Elite Color Environmental Resources Science & Technology Co., Ltd. announced that they will report Q3, 2020 final results on Oct 23, 2020 Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 21% share price gain to CN¥11.92, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 20.5x. This compares to an average P/E of 39x in the Chemicals industry in China. 
