Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.76, the stock trades at a trailing P/E ratio of 47.8x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 69% over the past three years. Aankondiging • Jun 30
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.00, the stock trades at a trailing P/E ratio of 61x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 127% over the past three years. Board Change • May 20
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 Ruiqing Liu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 25
Anhui Truchum Advanced Materials and Technology Co., Ltd., Annual General Meeting, May 19, 2026 Anhui Truchum Advanced Materials and Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 16:00 China Standard Time. Location: The Company's Meeting Room, Wuhu, Anhui China Aankondiging • Mar 31
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Dec 31
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 25, 2026 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 25, 2026 Aankondiging • Sep 30
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Aankondiging • Jul 02
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • Mar 31
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Aankondiging • Mar 18
Anhui Truchum Advanced Materials and Technology Co., Ltd., Annual General Meeting, Apr 11, 2025 Anhui Truchum Advanced Materials and Technology Co., Ltd., Annual General Meeting, Apr 11, 2025, at 15:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Wuhu, Anhui China Aankondiging • Dec 31
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 18, 2025 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 18, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.16, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 32% over the past three years. Aankondiging • Oct 29
Anhui Truchum Advanced Materials and Technology Co., Ltd. Implements Interim Profit Distribution Plan of A Share for 2024, Payable on 01 November 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced 2024 interim profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.70000000. Record date: 31 October 2024, Ex-date: 01 November 2024, Payment date: 01 November 2024. Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.10 profit in 3Q 2023) Third quarter 2024 results: CN¥0.11 loss per share (down from CN¥0.10 profit in 3Q 2023). Revenue: CN¥14.2b (up 15% from 3Q 2023). Net loss: CN¥152.4m (down 215% from profit in 3Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥6.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 27% over the past three years. Aankondiging • Sep 30
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Aankondiging • Sep 24
Anhui Truchum Advanced Materials and Technology Co., Ltd. Approves 2024 Interim Profit Distribution Anhui Truchum Advanced Materials and Technology Co., Ltd. held its 4th Extraordinary General Meeting of 2024 on 20 September 2024, during which the following proposal(s) was/were approved: 2024 interim profit distribution plan: Cash dividend/10 shares (tax included): CNY 0.70000000. New Risk • Sep 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Aankondiging • Aug 29
Anhui Truchum Advanced Materials and Technology Co., Ltd. Proposes Interim Dividend for the First Half of 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd. proposed interim dividend of CNY 0.70000000 per 10 shares for the first half of 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.09 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.09 in 2Q 2023). Revenue: CN¥14.0b (up 17% from 2Q 2023). Net income: CN¥66.0m (down 44% from 2Q 2023). Profit margin: 0.5% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 29
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 14
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 51% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 26
Anhui Truchum Advanced Materials and Technology Co., Ltd. Approves the Cash Dividend for 2023 Anhui Truchum Advanced Materials and Technology Co., Ltd. at its Annual General Meeting held on 23 May 2024 approved the cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2023. New Risk • May 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% 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 Risks Debt is not well covered by operating cash flow (2.2% operating cash flow to total debt). Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Aankondiging • Apr 28
Anhui Truchum Advanced Materials and Technology Co., Ltd., Annual General Meeting, May 23, 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd., Annual General Meeting, May 23, 2024, at 16:00 China Standard Time. Location: The Company's Meeting Room, Wuhu, Anhui China Agenda: To consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual report and its summary; to consider the 2023 annual accounts report; to consider the Special report on the deposit and use of raised funds in 2023; to consider the 2023 profit distribution plan; to consider the reappointment of audit firm; to consider the 2024 major authorization to the chairman of the board; to consider the provision of guarantee for the bank credit line applied for by subsidiaries and sub-subsidiaries; to consider the shareholder return plan for the next three years from 2024 to 2026; and to consider the full authorization to the board to handle matters regarding the share offering to specific parties via a simplified procedure. Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.10 in FY 2022) Full year 2023 results: EPS: CN¥0.40 (up from CN¥0.10 in FY 2022). Revenue: CN¥46.3b (up 14% from FY 2022). Net income: CN¥529.2m (up 296% from FY 2022). Profit margin: 1.1% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% 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. Aankondiging • Apr 27
Anhui Truchum Advanced Materials and Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Anhui Truchum Advanced Materials and Technology Co., Ltd. .announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend per 10 shares (tax included) of CNY 1.50000000. Aankondiging • Mar 30
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.51, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥5.53, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 18% over the past three years. Aankondiging • Dec 29
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.14 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.14 loss in 3Q 2022). Revenue: CN¥12.3b (up 33% from 3Q 2022). Net income: CN¥132.0m (up CN¥312.6m from 3Q 2022). Profit margin: 1.1% (up from net loss in 3Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.09 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥12.0b (up 7.8% from 2Q 2022). Net income: CN¥118.5m (down 29% from 2Q 2022). Profit margin: 1.0% (down from 1.5% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Aankondiging • Jul 01
Anhui Truchum Advanced Materials and Technology Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Aankondiging • Jun 09
Anhui Truchum Advanced Materials and Technology Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 15 June 2023 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.50000000 for the year 2022, payable on 15 June 2023. Record date is 14 June 2023. Ex-date is 15 June 2023. Aankondiging • May 23
Anhui Truchum Advanced Materials and Technology Co., Ltd. Approves Cash Dividend for 2022 Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that at the Annual General Meeting of 2022 held on 19 May 2023 approved Cash dividend/10 shares (tax included) of CNY 1.50000000 for 2022. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.43 in FY 2021) Full year 2022 results: EPS: CN¥0.10 (down from CN¥0.43 in FY 2021). Revenue: CN¥40.6b (up 8.7% from FY 2021). Net income: CN¥133.7m (down 76% from FY 2021). Profit margin: 0.3% (down from 1.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Dec 29
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 Ruiqing Liu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥7.45, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 30% over the past three years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.14 loss per share (vs CN¥0.11 profit in 3Q 2021) Third quarter 2022 results: CN¥0.14 loss per share (down from CN¥0.11 profit in 3Q 2021). Revenue: CN¥9.25b (down 6.8% from 3Q 2021). Net loss: CN¥180.6m (down 221% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥8.82, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 51% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥11.1b (up 12% from 2Q 2021). Net income: CN¥166.7m (up 21% from 2Q 2021). Profit margin: 1.5% (up from 1.4% in 2Q 2021). 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 20% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Ruiqing Liu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.09 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.09 (vs CN¥0.09 in 1Q 2021). Revenue: CN¥9.44b (up 29% from 1Q 2021). Net income: CN¥114.0m (down 5.2% from 1Q 2021). Profit margin: 1.2% (down from 1.6% in 1Q 2021). Over the next year, revenue is forecast to grow 4.4%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Buying Opportunity • Apr 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be CN¥8.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 74% in the next 2 years. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: CN¥0.43 (vs CN¥0.21 in FY 2020) Full year 2021 results: EPS: CN¥0.43 (up from CN¥0.21 in FY 2020). Revenue: CN¥37.3b (up 63% from FY 2020). Net income: CN¥567.1m (up 107% from FY 2020). Profit margin: 1.5% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.2%, compared to a 38% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.10 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¥9.92b (up 56% from 3Q 2020). Net income: CN¥149.4m (up 9.0% from 3Q 2020). Profit margin: 1.5% (down from 2.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥9.97, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥13.37, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 137% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.12 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¥9.92b (up 81% from 2Q 2020). Net income: CN¥137.8m (down 11% from 2Q 2020). Profit margin: 1.4% (down from 2.8% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is well ahead of earnings. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.36 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥23.0b (up 35% from FY 2019). Net income: CN¥274.2m (down 41% from FY 2019). Profit margin: 1.2% (down from 2.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥8.00 The company is down 15% from its price of CN¥9.37 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 29
New 90-day low: CN¥8.33 The company is down 16% from its price of CN¥9.89 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥302.9m, down 33% from the prior year. Total revenue was CN¥21.1b over the last 12 months, up 40% from the prior year. 
