Board Change • May 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). GM & Chairman of the Board Xuexin Jiang is the most experienced director on the board, commencing their role in 2006. Independent Director Jin Chen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 30
Anhui Estone Materials Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Anhui Estone Materials Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Dec 26
Anhui Estone Materials Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 17, 2026 Anhui Estone Materials Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 17, 2026 Aankondiging • Nov 27
Anhui Estone Materials Technology Co.,Ltd (SHSE:688733) announces an Equity Buyback for CNY 45 million worth of its shares. Anhui Estone Materials Technology Co.,Ltd (SHSE:688733) announces a share repurchase program. Under the program, the company will repurchase up to CNY 45 million worth of its shares. The shares will be purchased at a price not exceeding CNY 45.75 per share. The repurchases will be funded from Own Funds or Self-Financing. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled.. The program will be valid for 12 months. Aankondiging • Sep 30
Anhui Estone Materials Technology Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Anhui Estone Materials Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Aankondiging • Jun 30
Anhui Estone Materials Technology Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Anhui Estone Materials Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Aankondiging • Apr 18
Anhui Estone Materials Technology Co.,Ltd, Annual General Meeting, May 12, 2025 Anhui Estone Materials Technology Co.,Ltd, Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Bengbu, Anhui China Aankondiging • Mar 28
Anhui Estone Materials Technology Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Anhui Estone Materials Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Dec 27
Anhui Estone Materials Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025 Anhui Estone Materials Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.037 (up from CN¥0.02 in 3Q 2023). Revenue: CN¥135.5m (up 3.3% from 3Q 2023). Net income: CN¥8.93m (up 139% from 3Q 2023). Profit margin: 6.6% (up from 2.8% in 3Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. New Risk • Sep 30
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 9.1% 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 (9.1% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin). Aankondiging • Sep 30
Anhui Estone Materials Technology Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Anhui Estone Materials Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Aug 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 8.1% 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 (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.006 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.006 loss in 2Q 2023). Revenue: CN¥125.4m (up 14% from 2Q 2023). Net income: CN¥23.7m (up CN¥24.8m from 2Q 2023). Profit margin: 19% (up from net loss in 2Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Aankondiging • Jun 28
Anhui Estone Materials Technology Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Anhui Estone Materials Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • May 03
First quarter 2024 earnings released: CN¥0.09 loss per share (vs CN¥0.06 profit in 1Q 2023) First quarter 2024 results: CN¥0.09 loss per share (down from CN¥0.06 profit in 1Q 2023). Revenue: CN¥113.7m (up 6.9% from 1Q 2023). Net loss: CN¥17.9m (down 241% from profit in 1Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.79 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.79 in FY 2022). Revenue: CN¥464.5m (down 23% from FY 2022). Net income: CN¥24.5m (down 83% from FY 2022). Profit margin: 5.3% (down from 24% in FY 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Chemicals industry in China. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.79 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.79 in FY 2022). Revenue: CN¥464.5m (down 23% from FY 2022). Net income: CN¥24.5m (down 83% from FY 2022). Profit margin: 5.3% (down from 24% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.55, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Chemicals industry in China. New Risk • Nov 15
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 7.3% 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 High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (9.2% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.17 in 3Q 2022). Revenue: CN¥131.2m (down 18% from 3Q 2022). Net income: CN¥3.74m (down 89% from 3Q 2022). Profit margin: 2.8% (down from 21% in 3Q 2022). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.22 profit in 2Q 2022) Second quarter 2023 results: CN¥0.006 loss per share (down from CN¥0.22 profit in 2Q 2022). Revenue: CN¥109.8m (down 22% from 2Q 2022). Net loss: CN¥1.00m (down 102% from profit in 2Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥35.82, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Chemicals industry in China. Aankondiging • Jun 28
Anhui Estone Materials Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Anhui Estone Materials Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.24 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.24 in 1Q 2022). Revenue: CN¥106.4m (down 30% from 1Q 2022). Net income: CN¥12.7m (down 71% from 1Q 2022). Profit margin: 12% (down from 28% in 1Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥31.64, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Chemicals industry in China. Board Change • Apr 06
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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Mingfa Li was the last independent 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: Minority of independent directors. Insufficient board refreshment. 
