Buy Or Sell Opportunity • Jul 02
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to CN¥21.53. The fair value is estimated to be CN¥16.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 6.0%. Aankondiging • Jun 30
Ningbo Color Master Batch Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Ningbo Color Master Batch Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 138% Dividend yield: 3.3% 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: 93% Cash payout ratio: 138% Earnings have declined by 0.9% per year over the past 5 years. Buy Or Sell Opportunity • Jun 15
Now 20% overvalued Over the last 90 days, the stock has fallen 5.6% to CN¥20.35. The fair value is estimated to be CN¥16.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 6.0%. Aankondiging • May 08
Ningbo Color Master Batch Co., Ltd., Annual General Meeting, May 28, 2026 Ningbo Color Master Batch Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.67 (vs CN¥0.60 in FY 2024) Full year 2025 results: EPS: CN¥0.67 (up from CN¥0.60 in FY 2024). Revenue: CN¥468.9m (down 4.9% from FY 2024). Net income: CN¥110.0m (up 9.4% from FY 2024). Profit margin: 24% (up from 20% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 31
Ningbo Color Master Batch Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ningbo Color Master Batch Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Aankondiging • Dec 31
Ningbo Color Master Batch Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Ningbo Color Master Batch Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥23.75, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 42x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥26.94, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 92% over the past three years. New Risk • Nov 26
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 9.3% 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 Risk Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (219% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥22.66, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 61% over the past three years. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥125.3m (down 2.2% from 3Q 2024). Net income: CN¥30.5m (up 24% from 3Q 2024). Profit margin: 24% (up from 19% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 17
Ningbo Color Master Batch Co., Ltd. Approves Board Elections Ningbo Color Master Batch Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 15 October 2025, approved Election and nomination of non-independent directors: Ren Jie, non-independent director. Election and nomination of independent directors: Zhong Mingqiang, independent director; Zhou Hongyi, independent director; Ma Haijing, independent director. Aankondiging • Sep 30
Ningbo Color Master Batch Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Ningbo Color Master Batch Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.16, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 51% over the past three years. Aankondiging • Jul 02
Ningbo Color Master Batch Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Ningbo Color Master Batch Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Aankondiging • Apr 25
Ningbo Color Master Batch Co., Ltd. Proposes Final Cash Dividend for 2024 Ningbo Color Master Batch Co., Ltd. announced on 24 April 2025 the profit distribution proposal for 2024 as follows: final cash dividend (tax included): CNY 6.00000000 per ten shares. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.61 in FY 2023) Full year 2024 results: EPS: CN¥0.60 (down from CN¥0.61 in FY 2023). Revenue: CN¥493.1m (up 9.3% from FY 2023). Net income: CN¥100.5m (down 1.4% from FY 2023). Profit margin: 20% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Apr 24
Ningbo Color Master Batch Co., Ltd., Annual General Meeting, May 15, 2025 Ningbo Color Master Batch Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China New Risk • Apr 07
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 Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 182% Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). 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¥13.74, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 37x in the Chemicals industry in China. Total loss to shareholders of 12% over the past three years. Aankondiging • Mar 31
Ningbo Color Master Batch Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Ningbo Color Master Batch Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Dec 31
Ningbo Color Master Batch Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Ningbo Color Master Batch Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥128.0m (flat on 3Q 2023). Net income: CN¥24.6m (down 19% from 3Q 2023). Profit margin: 19% (down from 24% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Aankondiging • Sep 30
Ningbo Color Master Batch Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Ningbo Color Master Batch Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥15.35, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 21% over the past three years. New Risk • Sep 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.08% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (207% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to CN¥12.95, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 58% over the past three years. Aankondiging • Jun 29
Ningbo Color Master Batch Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Ningbo Color Master Batch Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥22.80, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 20% over the past year. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2023). Revenue: CN¥114.3m (up 16% from 1Q 2023). Net income: CN¥19.8m (up 1.3% from 1Q 2023). Profit margin: 17% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.70, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 14% over the past year. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.84 in FY 2022) Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.84 in FY 2022). Revenue: CN¥451.2m (down 2.8% from FY 2022). Net income: CN¥101.9m (up 1.5% from FY 2022). Profit margin: 23% (up from 22% in FY 2022). The increase in margin was driven by lower expenses. Aankondiging • Apr 10
Ningbo Color Master Batch Co., Ltd., Annual General Meeting, May 16, 2024 Ningbo Color Master Batch Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Aankondiging • Mar 30
Ningbo Color Master Batch Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ningbo Color Master Batch Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Upcoming Dividend • Feb 15
Upcoming dividend of CN¥0.40 per share at 2.5% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 22 February 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Chinese dividend payers (2.6%). In line with average of industry peers (2.4%). Buy Or Sell Opportunity • Feb 08
Now 29% overvalued Over the last 90 days, the stock has fallen 29% to CN¥16.08. The fair value is estimated to be CN¥12.43, 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 19%. Aankondiging • Feb 08
Ningbo Color Master Batch Co., Ltd. Announces Profit Distribution Plan to Be Implemented on A Shares for the Third Quarter 2023, Payable on 22 February 2024 Ningbo Color Master Batch Co., Ltd. announced third quarter 2023 profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 4.00000000. Payment date is 22 February 2024. Record date is 21 February 2024. Ex-date is 22 February 2024. New Risk • Feb 05
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. 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 (6.9% average weekly change). 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¥17.02, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 17% over the past year. Aankondiging • Jan 20
Ningbo Color Master Batch Co., Ltd. Announces the Profit Distribution Proposal for the Third Quarter of 2023 Ningbo Color Master Batch Co., Ltd. announced on 19 January 2024 the profit distribution proposal for the third quarter of 2023 as follows: cash dividend/10 shares (tax included): CNY 4.00000000. Aankondiging • Dec 30
Ningbo Color Master Batch Co., Ltd. to Report Fiscal Year 2023 Results on Apr 10, 2024 Ningbo Color Master Batch Co., Ltd. announced that they will report fiscal year 2023 results on Apr 10, 2024 New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Aankondiging • Sep 30
Ningbo Color Master Batch Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Ningbo Color Master Batch Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.21 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.21 in 2Q 2022). Revenue: CN¥112.9m (down 9.5% from 2Q 2022). Net income: CN¥25.4m (up 1.5% from 2Q 2022). Profit margin: 23% (up from 20% in 2Q 2022). The increase in margin was driven by lower expenses. Aankondiging • Jul 01
Ningbo Color Master Batch Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Ningbo Color Master Batch Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Upcoming Dividend • Jun 26
Upcoming dividend of CN¥0.40 per share at 2.0% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.0%. Within top quartile of Chinese dividend payers (2.0%). In line with average of industry peers (1.9%). Aankondiging • May 19
Ningbo Color Master Batch Co., Ltd. Approves Cash Dividend for 2022 Ningbo Color Master Batch Co., Ltd. announced that at its AGM held on 16 May 2023, the shareholders approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 4.00000000. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: CN¥0.84 (vs CN¥1.04 in FY 2021) Full year 2022 results: EPS: CN¥0.84 (down from CN¥1.04 in FY 2021). Revenue: CN¥464.1m (down 5.7% from FY 2021). Net income: CN¥100.5m (down 7.7% from FY 2021). Profit margin: 22% (in line with FY 2021). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 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. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.22 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.22 in 3Q 2021). Revenue: CN¥109.9m (down 4.7% from 3Q 2021). Net income: CN¥23.0m (down 12% from 3Q 2021). Profit margin: 21% (down from 23% in 3Q 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.21. Net income: CN¥25.0m (up CN¥25.0m from 2Q 2021). Aankondiging • May 26
Ningbo Color Master Batch Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 31 May 2022 Ningbo Color Master Batch Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included): CNY 5.0000000. Record date is 30 May 2022, Ex-date is 31 May 2022 and payment date is 31 May 2022. Aankondiging • May 19
Ningbo Color Master Batch Co., Ltd. Approves Profit Distribution Plan for 2021 Ningbo Color Master Batch Co., Ltd. announced that at the Annual General Meeting held on 16 May 2022, approved cash dividend (tax included) of CNY 5.00000000 per ten shares. Aankondiging • Apr 27
Ningbo Color Master Batch Co., Ltd. Proposes Final Cash Dividend for the Year of 2021 Ningbo Color Master Batch Co., Ltd. proposed final cash dividend of CNY 5.00000000 per 10 shares (tax included), for the year of 2021. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.57 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥115.4m (down 6.5% from 3Q 2020). Net income: CN¥26.3m (down 23% from 3Q 2020). Profit margin: 23% (down from 28% in 3Q 2020). Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥53.40, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 35x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥43.90, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 31x in the Chemicals industry in China. Aankondiging • Jun 25
Ningbo Color Master Batch Co., Ltd. has completed an IPO in the amount of CNY 578.8 million. Ningbo Color Master Batch Co., Ltd. has completed an IPO in the amount of CNY 578.8 million.
Security Name: A Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: CNY 28.94