New Risk • Jun 08
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 8.4% 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 Currently unprofitable and not forecast to become profitable over next 2 years (CN¥4.5m net loss in 2 years). Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • Jun 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥1.3b Forecast net loss in 2 years: CN¥4.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. 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. 6 non-independent directors. Independent Director Jie Li was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 29
KBC Corporation, Ltd., Annual General Meeting, May 20, 2026 KBC Corporation, Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: 1F, No. 79, Xiaoshitang Road, Yuelu District, Changsha, Hunan China Aankondiging • Mar 30
KBC Corporation, Ltd. to Report Q1, 2026 Results on Apr 29, 2026 KBC Corporation, Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Aankondiging • Dec 26
KBC Corporation, Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 KBC Corporation, Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Aankondiging • Sep 30
KBC Corporation, Ltd. to Report Q3, 2025 Results on Oct 30, 2025 KBC Corporation, Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Aankondiging • Jun 30
KBC Corporation, Ltd. to Report First Half, 2025 Results on Aug 29, 2025 KBC Corporation, Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Aankondiging • Apr 29
KBC Corporation, Ltd., Annual General Meeting, May 20, 2025 KBC Corporation, Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Aankondiging • Mar 28
KBC Corporation, Ltd. to Report Q1, 2025 Results on Apr 29, 2025 KBC Corporation, Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Dec 27
KBC Corporation, Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 KBC Corporation, Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.21 loss per share (vs CN¥0.14 profit in 3Q 2023) Third quarter 2024 results: CN¥0.21 loss per share (down from CN¥0.14 profit in 3Q 2023). Revenue: CN¥97.3m (down 64% from 3Q 2023). Net loss: CN¥42.8m (down 248% from profit in 3Q 2023). Revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. New Risk • Sep 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Aankondiging • Sep 30
KBC Corporation, Ltd. to Report Q3, 2024 Results on Oct 30, 2024 KBC Corporation, Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Aankondiging • Aug 09
KBC Corporation, Ltd. (SHSE:688598) commences an Equity Buyback Plan for CNY 20 million worth of its shares, under the authorization approved on August 6, 2024. KBC Corporation, Ltd. (SHSE:688598) commences share repurchases on August 8, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 6, 2024. As per the mandate, the company is authorized to repurchase to repurchase CNY 20 million worth of its common shares. The shares will be repurchased at a price of not more than CNY 35 per share. The shares repurchased will be used to reduce registered capital, used for employee stock ownership plan or equity incentive, used to convert company convertible bonds and to maintain company value and shareholder rights. The program will be funded out of the company's own funds. The program will be valid till 1 months from the date of approval by shareholders, i.e., till September 5, 2024. Aankondiging • Jun 28
KBC Corporation, Ltd. to Report First Half, 2024 Results on Aug 30, 2024 KBC Corporation, Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 22
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 8.9% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Aankondiging • Apr 30
KBC Corporation, Ltd., Annual General Meeting, May 20, 2024 KBC Corporation, Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: 1F, No. 79, Xiaoshitang Road, Yuelu District, Changsha, Hunan China Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: CN¥1.46 (vs CN¥4.36 in FY 2022) Full year 2023 results: EPS: CN¥1.46 (down from CN¥4.36 in FY 2022). Revenue: CN¥1.07b (down 26% from FY 2022). Net income: CN¥202.5m (down 63% from FY 2022). Profit margin: 19% (down from 38% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥42.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 66% over the past year. Aankondiging • Mar 29
KBC Corporation, Ltd. to Report Q1, 2024 Results on Apr 29, 2024 KBC Corporation, Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥55.50, 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 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥96.72 per share. Aankondiging • Feb 27
KBC Corporation, Ltd. (SHSE:688598) commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on February 23, 2024. KBC Corporation, Ltd. (SHSE:688598) commences share repurchases on February 26, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2023. As per the mandate, the company is authorized to repurchase to repurchase CNY 100 million worth of its common shares. The shares will be repurchased at a price of not more than CNY 90 per share. The repurchased shares will be cancelled. The program will be funded out of the company's own funds. The program will be valid till 1 months from the date of approval by shareholders. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥1.46 (vs CN¥4.36 in FY 2022) Full year 2023 results: EPS: CN¥1.46 (down from CN¥4.36 in FY 2022). Revenue: CN¥1.07b (down 26% from FY 2022). Net income: CN¥203.3m (down 63% from FY 2022). Profit margin: 19% (down from 38% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥45.84, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 72% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥88.43 per share. New Risk • Jan 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 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). High level of non-cash earnings (41% accrual ratio). Buying Opportunity • Dec 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥91.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 201% in 2 years. Earnings is forecast to grow by 156% in the next 2 years. New Risk • Nov 20
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: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.98 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.98 in 3Q 2022). Revenue: CN¥271.1m (down 9.7% from 3Q 2022). Net income: CN¥28.8m (down 78% from 3Q 2022). Profit margin: 11% (down from 43% in 3Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Aankondiging • Sep 27
KBC Corporation, Ltd. (SHSE:688598) announces an Equity Buyback for CNY 100 million worth of its shares. KBC Corporation, Ltd. (SHSE:688598) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 3 months. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥1.20 (vs CN¥1.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.20 (down from CN¥1.39 in 2Q 2022). Revenue: CN¥304.6m (down 23% from 2Q 2022). Net income: CN¥165.1m (flat on 2Q 2022). Profit margin: 54% (up from 42% in 2Q 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Aankondiging • Jun 28
KBC Corporation, Ltd. to Report First Half, 2023 Results on Aug 29, 2023 KBC Corporation, Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 New Risk • Jun 22
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 6.8% 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 High level of non-cash earnings (53% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Aankondiging • May 30
KBC Corporation, Ltd. (SHSE:688598) announces an Equity Buyback for CNY 100 million worth of its shares. KBC Corporation, Ltd. (SHSE:688598) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 3 months. Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: CN¥6.45 (vs CN¥6.26 in FY 2021) Full year 2022 results: EPS: CN¥6.45 (up from CN¥6.26 in FY 2021). Revenue: CN¥1.45b (up 8.4% from FY 2021). Net income: CN¥551.2m (up 10.0% from FY 2021). Profit margin: 38% (in line with FY 2021). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥6.45 (vs CN¥6.26 in FY 2021) Full year 2022 results: EPS: CN¥6.45 (up from CN¥6.26 in FY 2021). Revenue: CN¥1.45b (up 8.4% from FY 2021). Net income: CN¥551.2m (up 10.0% from FY 2021). Profit margin: 38% (in line with FY 2021). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Board Change • Nov 16
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. 6 non-independent directors. Independent Director Hongbo Liu 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. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥265, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Chemicals industry in China. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥1.46 (vs CN¥1.63 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.46 (down from CN¥1.63 in 3Q 2021). Revenue: CN¥300.2m (down 20% from 3Q 2021). Net income: CN¥128.8m (down 1.3% from 3Q 2021). Profit margin: 43% (up from 35% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥2.06 (vs CN¥1.58 in 2Q 2021) Second quarter 2022 results: EPS: CN¥2.06 (up from CN¥1.58 in 2Q 2021). Revenue: CN¥396.3m (up 27% from 2Q 2021). Net income: CN¥165.3m (up 30% from 2Q 2021). Profit margin: 42% (up from 41% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 40% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥381, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 18x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥330, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 17x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥214, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Chemicals industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥2.53 (vs CN¥0.97 in 1Q 2021) First quarter 2022 results: EPS: CN¥2.53 (up from CN¥0.97 in 1Q 2021). Revenue: CN¥450.2m (up 126% from 1Q 2021). Net income: CN¥202.7m (up 163% from 1Q 2021). Profit margin: 45% (up from 39% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 43% growth forecast for the industry in China. Board Change • Apr 27
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. 6 non-independent directors. Independent Director Hongbo Liu 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. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥222, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Chemicals industry in China. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥6.26 (up from CN¥2.35 in FY 2020). Revenue: CN¥1.34b (up 214% from FY 2020). Net income: CN¥501.1m (up 197% from FY 2020). Profit margin: 38% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 27%, compared to a 47% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥298, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 20x in the Chemicals industry in China.