Announcement • Apr 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd, Annual General Meeting, May 20, 2026 Shandong Huatai Paper Industry Shareholding Co.,Ltd, Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: Huatai Sunwu Lake Resort Hotel, Guangrao County, Dongying, Shandong China Reported Earnings • Apr 19
Full year 2025 earnings released: CN¥0.04 loss per share (vs CN¥0.02 profit in FY 2024) Full year 2025 results: CN¥0.04 loss per share (down from CN¥0.02 profit in FY 2024). Revenue: CN¥12.5b (down 4.5% from FY 2024). Net loss: CN¥66.0m (down 283% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.01 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.003 (up from CN¥0.01 loss in 3Q 2024). Revenue: CN¥3.07b (flat on 3Q 2024). Net income: CN¥4.95m (up CN¥20.8m from 3Q 2024). Profit margin: 0.2% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 23
Dividend reduced to CN¥0.008 Dividend of CN¥0.008 is 83% lower than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 2.6%. Announcement • Apr 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd, Annual General Meeting, May 20, 2025 Shandong Huatai Paper Industry Shareholding Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: Huatai Sunwu Lake Resort Hotel, Guangrao County, Dongying, Shandong China New Risk • Apr 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% 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. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Apr 20
Full year 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.16 in FY 2023) Full year 2024 results: EPS: CN¥0.02 (down from CN¥0.16 in FY 2023). Revenue: CN¥13.0b (down 1.8% from FY 2023). Net income: CN¥36.2m (down 85% from FY 2023). Profit margin: 0.3% (down from 1.8% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 28
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.039 profit in 3Q 2023) Third quarter 2024 results: CN¥0.01 loss per share (down from CN¥0.039 profit in 3Q 2023). Revenue: CN¥3.09b (down 9.4% from 3Q 2023). Net loss: CN¥15.9m (down 129% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥3.77, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 21x in the Forestry industry in China. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.039 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.049 (up from CN¥0.039 in 2Q 2023). Revenue: CN¥3.10b (down 4.1% from 2Q 2023). Net income: CN¥70.4m (up 15% from 2Q 2023). Profit margin: 2.3% (up from 1.9% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% 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. Announcement • Jun 28
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report First Half, 2024 Results on Aug 24, 2024 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • May 01
Shandong Huatai Paper Industry Shareholding Co.,Ltd, Annual General Meeting, May 20, 2024 Shandong Huatai Paper Industry Shareholding Co.,Ltd, Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: Huatai Sunwu Lake Resort Hotel, Guangrao County, Dongying, Shandong China New Risk • Apr 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 713% 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Mar 29
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 02
Shandong Huatai Paper Industry Shareholding Co.,Ltd (SHSE:600308) announces an Equity Buyback for CNY 120 million worth of its shares. Shandong Huatai Paper Industry Shareholding Co.,Ltd (SHSE:600308) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its A shares. The shares will be repurchased at a price not more than CNY 4.8 per share. The repurchases will be funded from company's own fund. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥2.84, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 30x in the Forestry industry in China. Total loss to shareholders of 23% over the past three years. Announcement • Dec 30
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.063 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.063 in 3Q 2022). Revenue: CN¥3.41b (down 6.5% from 3Q 2022). Net income: CN¥55.6m (down 45% from 3Q 2022). Profit margin: 1.6% (down from 2.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% 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. New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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 Earnings have declined by 8.4% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.086 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.086 in 2Q 2022). Revenue: CN¥3.23b (down 20% from 2Q 2022). Net income: CN¥61.2m (down 55% from 2Q 2022). Profit margin: 1.9% (down from 3.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.16 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.16 in 1Q 2022). Revenue: CN¥3.53b (down 8.7% from 1Q 2022). Net income: CN¥106.7m (down 44% from 1Q 2022). Profit margin: 3.0% (down from 5.0% in 1Q 2022). The decrease in margin was driven by lower revenue. 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 5% per year, which means it is well ahead of earnings. Board Change • Nov 16
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 an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Xianghe Kou was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.088 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.088 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥3.65b (down 1.0% from 3Q 2021). Net income: CN¥100.9m (down 42% from 3Q 2021). Profit margin: 2.8% (down from 4.7% in 3Q 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.22 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.22 in 2Q 2021). Revenue: CN¥4.03b (up 14% from 2Q 2021). Net income: CN¥137.1m (down 47% from 2Q 2021). Profit margin: 3.4% (down from 7.3% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 12% per year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.72, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 21x in the Forestry industry in China. Total returns to shareholders of 35% over the past three years. Announcement • May 02
Shandong Huatai Paper Industry Shareholding Co.,Ltd (SHSE:600308) announces an Equity Buyback for CNY 750 million worth of its shares. Shandong Huatai Paper Industry Shareholding Co.,Ltd (SHSE:600308) announces a share repurchase program. Under the program, the company will repurchase up to CNY 750 million worth of its shares. The program is valid for 12 months. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.28 in 1Q 2021). Revenue: CN¥3.87b (flat on 1Q 2021). Net income: CN¥191.7m (down 41% from 1Q 2021). Profit margin: 5.0% (down from 8.4% in 1Q 2021). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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 an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Xianghe Kou was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.69 (up from CN¥0.60 in FY 2020). Revenue: CN¥14.9b (up 21% from FY 2020). Net income: CN¥808.0m (up 16% from FY 2020). Profit margin: 5.4% (down from 5.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 16%. 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 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.69b (up 5.9% from 3Q 2020). Net income: CN¥173.7m (down 19% from 3Q 2020). Profit margin: 4.7% (down from 6.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.04, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 23x in the Forestry industry in China. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥7.94, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 25x in the Forestry industry in China. Total returns to shareholders of 91% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.55b (up 27% from 2Q 2020). Net income: CN¥258.9m (up 108% from 2Q 2020). Profit margin: 7.3% (up from 4.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.60 (vs CN¥0.58 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥12.3b (down 9.1% from FY 2019). Net income: CN¥696.4m (up 2.4% from FY 2019). Profit margin: 5.7% (up from 5.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥6.00 The company is up 6.0% from its price of CN¥5.64 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 22
New 90-day high: CN¥5.64 The company is up 5.0% from its price of CN¥5.37 on 24 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 2.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥691.7m, up 25% from the prior year. Total revenue was CN¥12.4b over the last 12 months, down 9.7% from the prior year. Announcement • Oct 29
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report Q3, 2020 Results on Oct 31, 2020 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 09
Shandong Huatai Paper Industry Shareholding Co.,Ltd to Report First Half, 2020 Results on Aug 22, 2020 Shandong Huatai Paper Industry Shareholding Co.,Ltd announced that they will report first half, 2020 results on Aug 22, 2020