Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥31.69, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥52.34, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 213% over the past three years. Declared Dividend • Jul 04
Final dividend of CN¥0.075 announced Shareholders will receive a dividend of CN¥0.075. Ex-date: 9th July 2026 Payment date: 9th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 30
PhiChem Corporation to Report First Half, 2026 Results on Aug 27, 2026 PhiChem Corporation announced that they will report first half, 2026 results on Aug 27, 2026 New Risk • Jun 25
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥41.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 146% over the past three years. Aankondiging • Apr 22
PhiChem Corporation, Annual General Meeting, May 12, 2026 PhiChem Corporation, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Aankondiging • Mar 31
PhiChem Corporation to Report Q1, 2026 Results on Apr 22, 2026 PhiChem Corporation announced that they will report Q1, 2026 results on Apr 22, 2026 Aankondiging • Dec 31
PhiChem Corporation to Report Fiscal Year 2025 Results on Apr 22, 2026 PhiChem Corporation announced that they will report fiscal year 2025 results on Apr 22, 2026 Aankondiging • Sep 30
PhiChem Corporation to Report Q3, 2025 Results on Oct 30, 2025 PhiChem Corporation announced that they will report Q3, 2025 results on Oct 30, 2025 Aankondiging • Jul 02
PhiChem Corporation to Report First Half, 2025 Results on Aug 28, 2025 PhiChem Corporation announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • May 22
PhiChem Corporation Approves Cash Dividend for 2024 PhiChem Corporation held its Annual General Meeting of 2024 on 16 May 2025, approved cash dividend/10 shares (tax included): CNY 0.65000000 for 2024. Aankondiging • Apr 25
PhiChem Corporation Proposes Final Cash Dividend for the Year 2024 PhiChem Corporation proposed final cash dividend/10 shares (tax included) of CNY 0.65000000 for the year 2024. Aankondiging • Apr 23
PhiChem Corporation, Annual General Meeting, May 16, 2025 PhiChem Corporation, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Aankondiging • Mar 31
PhiChem Corporation to Report Q1, 2025 Results on Apr 23, 2025 PhiChem Corporation announced that they will report Q1, 2025 results on Apr 23, 2025 Aankondiging • Mar 22
Shenmao Technology Inc (TWSE:3305) completed the acquisition of Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398). Shenmao Technology Inc (TWSE:3305) signed a letter of intent to acquire Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398) for approximately CNY 230 million on September 27, 2024.
Profound Material Technology Co., Ltd. had reported total assets of CNY 127.176 million, total owner’s equity of CNY 99.815 million, revenue of CNY 99.6654 million, operating profit of CNY 13.1983 million and net profit of CNY 10.5306 million on December 31, 2023.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board of Shenmao Technology Inc.
Transaction has been approved by PhiChem Corporation's Board of director's and is still subject to approval from PhiChem Corporation's shareholders.
As on January 6, 2025, PhiChem Corporation and Shenmao Technology signed the Share Purchase and Sale Agreement.
Transaction is expected to complete on March 20, 2025.
Shenmao Technology Inc (TWSE:3305) completed the acquisition of Profound Material Technology Co., Ltd. from PhiChem Corporation (SZSE:300398) on March 20, 2025. Aankondiging • Dec 31
PhiChem Corporation to Report Fiscal Year 2024 Results on Apr 23, 2025 PhiChem Corporation announced that they will report fiscal year 2024 results on Apr 23, 2025 Aankondiging • Dec 21
PhiChem Corporation Announces Third Quarter 2024 Profit Distribution, Payable on 27 December 2024 PhiChem Corporation announced 2024 third quarter profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 0.30000000. Record date: 26 December 2024; Ex-date: 27 December 2024; Payment date: 27 December 2024. Aankondiging • Oct 30
PhiChem Corporation Proposes Cash Dividend for the Third Quarter of 2024 PhiChem Corporation announced on 29 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included) of CNY 0.30000000. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.069 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.069 in 3Q 2023). Revenue: CN¥762.0m (up 7.5% from 3Q 2023). Net income: CN¥85.7m (up 138% from 3Q 2023). Profit margin: 11% (up from 5.1% in 3Q 2023). Revenue is forecast to grow 15% 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 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • Sep 30
PhiChem Corporation to Report Q3, 2024 Results on Oct 29, 2024 PhiChem Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥740.3m (up 3.4% from 2Q 2023). Net income: CN¥60.3m (down 41% from 2Q 2023). Profit margin: 8.1% (down from 14% in 2Q 2023). Revenue is forecast to grow 16% 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 31% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. New Risk • Jul 22
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 9.2% 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 Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Aankondiging • Jul 11
PhiChem Corporation Announces Final Dividend on A Shares for the Year 2023, Payable on July 16, 2024 PhiChem Corporation announced final cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares for the year 2023. Record date is July 15, 2024. Ex-date is July 16, 2024. Payment date is July 16, 2024. Aankondiging • Jun 29
PhiChem Corporation to Report First Half, 2024 Results on Aug 30, 2024 PhiChem Corporation announced that they will report first half, 2024 results on Aug 30, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.32, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.36, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥668.5m (up 11% from 1Q 2023). Net income: CN¥59.8m (down 17% from 1Q 2023). Profit margin: 9.0% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% 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 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 30
PhiChem Corporation, Annual General Meeting, May 21, 2024 PhiChem Corporation, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Aankondiging • Mar 30
PhiChem Corporation to Report Q1, 2024 Results on Apr 29, 2024 PhiChem Corporation announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.84, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 2.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 20% over the past three years. Aankondiging • Dec 30
PhiChem Corporation to Report Fiscal Year 2023 Results on Mar 30, 2024 PhiChem Corporation announced that they will report fiscal year 2023 results on Mar 30, 2024 Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 5.2% over the past three years. New Risk • Oct 30
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 6.5% 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 25
Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.069 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥708.6m (up 19% from 3Q 2022). Net income: CN¥36.0m (down 47% from 3Q 2022). Profit margin: 5.1% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% 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 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥715.8m (down 8.1% from 2Q 2022). Net income: CN¥102.0m (down 11% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Aug 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Board Change • Jun 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Deqing Meng was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 30
PhiChem Corporation Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 02 June 2023 PhiChem Corporation announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.80000000 for the year 2022, payable on 02 June 2023. Record date is 01 June 2023. Ex-date is 02 June 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.27 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.27 in 1Q 2022). Revenue: CN¥601.7m (down 31% from 1Q 2022). Net income: CN¥72.4m (down 48% from 1Q 2022). Profit margin: 12% (down from 16% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.20 in 3Q 2021). Revenue: CN¥595.3m (down 13% from 3Q 2021). Net income: CN¥67.8m (down 34% from 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.20 in 2Q 2021). Revenue: CN¥779.1m (up 22% from 2Q 2021). Net income: CN¥114.3m (up 14% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 39% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.75 (vs CN¥0.45 in FY 2020) Full year 2021 results: EPS: CN¥0.75 (up from CN¥0.45 in FY 2020). Revenue: CN¥2.63b (up 41% from FY 2020). Net income: CN¥385.9m (up 68% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 48% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non Executive Director Yongjun Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥26.40, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥26.45, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 104% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥684.3m (up 33% from 3Q 2020). Net income: CN¥102.4m (up 73% from 3Q 2020). Profit margin: 15% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥639.6m (up 39% from 2Q 2020). Net income: CN¥99.8m (up 72% from 2Q 2020). Profit margin: 16% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. 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 8% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.10 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥562.9m (up 53% from 1Q 2020). Net income: CN¥68.2m (up 30% from 1Q 2020). Profit margin: 12% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.50 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.86b (up 23% from FY 2019). Net income: CN¥229.8m (down 9.9% from FY 2019). Profit margin: 12% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥16.20 The company is down 20% from its price of CN¥20.17 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.43 per share. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥17.90 The company is down 10.0% from its price of CN¥19.88 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.14 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥240.3m, up 12% from the prior year. Total revenue was CN¥1.75b over the last 12 months, up 20% from the prior year.