About 2439

Founded: 2014
Employees: 157
CEO: Yuzhu Shan
WebsiteView website: www.jl-ks.cn

China Treasures New Materials Group Ltd., an investment holding company, engages in the development and manufacturing of biodegradable plastic products in the People’s Republic of China. The company offers biodegradable produce bag rolls, biodegradable shopping bags, and biodegradable stretch wraps; biodegradable masterbatches; and non-biodegradable automobile plastic parts. It is also involved in the technical consultation for resources recycling application services; and trading of biodegradable packing materials. The company was founded in 2014 and is headquartered in Changchun, China.

Recent 2439 News & Updates

New Risk • Apr 23

New minor risk - Shareholder dilution

The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$438.0m market cap, or US$55.9m).

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About 2439

Recent 2439 News & Updates

There Might Be More To China Treasures New Materials Group's (HKG:2439) Story Than Just Weak Earnings

New major risk - Financial position

New minor risk - Shareholder dilution

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