Announcement • May 18
Shanxi Antai Group Co.,Ltd, Annual General Meeting, Jun 08, 2026 Shanxi Antai Group Co.,Ltd, Annual General Meeting, Jun 08, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiexiu, Shanxi China Reported Earnings • Apr 25
First quarter 2026 earnings released: CN¥0.05 loss per share (vs CN¥0.06 loss in 1Q 2025) First quarter 2026 results: CN¥0.05 loss per share (improved from CN¥0.06 loss in 1Q 2025). Revenue: CN¥1.23b (up 19% from 1Q 2025). Net loss: CN¥49.9m (loss narrowed 13% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shanxi Antai Group Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Shanxi Antai Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 26
Shanxi Antai Group Co.,Ltd to Report Fiscal Year 2025 Results on Mar 28, 2026 Shanxi Antai Group Co.,Ltd announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.057 loss per share (vs CN¥0.12 loss in 3Q 2024) Third quarter 2025 results: CN¥0.057 loss per share (improved from CN¥0.12 loss in 3Q 2024). Revenue: CN¥1.40b (down 4.0% from 3Q 2024). Net loss: CN¥62.8m (loss narrowed 47% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanxi Antai Group Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Shanxi Antai Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Shanxi Antai Group Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shanxi Antai Group Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 06
Shanxi Antai Group Co.,Ltd, Annual General Meeting, Jun 27, 2025 Shanxi Antai Group Co.,Ltd, Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiexiu, Shanxi China Buy Or Sell Opportunity • Jun 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to CN¥2.08. The fair value is estimated to be CN¥1.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to CN¥2.03. The fair value is estimated to be CN¥1.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 30
Full year 2024 earnings released: CN¥0.33 loss per share (vs CN¥0.67 loss in FY 2023) Full year 2024 results: CN¥0.33 loss per share (improved from CN¥0.67 loss in FY 2023). Revenue: CN¥6.68b (down 33% from FY 2023). Net loss: CN¥335.0m (loss narrowed 51% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Mar 28
Shanxi Antai Group Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shanxi Antai Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shanxi Antai Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 12, 2025 Shanxi Antai Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.16 loss in 3Q 2023) Third quarter 2024 results: CN¥0.12 loss per share (improved from CN¥0.16 loss in 3Q 2023). Revenue: CN¥1.46b (down 43% from 3Q 2023). Net loss: CN¥117.6m (loss narrowed 28% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shanxi Antai Group Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Shanxi Antai Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Announcement • Sep 28
Shanxi Antai Group Co.,Ltd (SHSE:600408) signed a letter of intent to acquire an unknown minority stake in Shanxi Jiexiu Xinyugou Zuozegou Coal Industry Co., Ltd. from Yang Ruiping for CNY 500 million. Shanxi Antai Group Co.,Ltd (SHSE:600408) signed a letter of intent to acquire an unknown minority stake in Shanxi Jiexiu Xinyugou Zuozegou Coal Industry Co., Ltd. from Yang Ruiping for CNY 500 million on September 26, 2024. A cash consideration of not exceeding CNY 500 million will be paid by Shanxi Antai Group Co.,Ltd. Shanxi Antai Group intends to acquire a portion of the equity held by Yang Ruiping and his affiliates in Shanxi Jiexiu Xinyugou Zuozegou Coal Industry, with the expected acquisition ratio not less than 20% and not more than 45%. The transaction is subject to approval of offer by acquirer board and consummation of due diligence investigation. The expected completion of the transaction is by the end of April 2025. Reported Earnings • Aug 30
Second quarter 2024 earnings released: CN¥0.06 loss per share (vs CN¥0.15 loss in 2Q 2023) Second quarter 2024 results: CN¥0.06 loss per share (improved from CN¥0.15 loss in 2Q 2023). Revenue: CN¥1.89b (down 27% from 2Q 2023). Net loss: CN¥58.7m (loss narrowed 61% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Shanxi Antai Group Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Shanxi Antai Group Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 29
Shanxi Antai Group Co.,Ltd, Annual General Meeting, May 21, 2024 Shanxi Antai Group Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiexiu, Shanxi China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.12 loss in 1Q 2023) First quarter 2024 results: CN¥0.12 loss per share (in line with 1Q 2023). Revenue: CN¥1.81b (down 32% from 1Q 2023). Net loss: CN¥124.4m (loss widened 1.0% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 03
Full year 2023 earnings released: CN¥0.67 loss per share (vs CN¥0.29 loss in FY 2022) Full year 2023 results: CN¥0.67 loss per share (further deteriorated from CN¥0.29 loss in FY 2022). Revenue: CN¥10.0b (down 21% from FY 2022). Net loss: CN¥677.7m (loss widened 128% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Shanxi Antai Group Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Shanxi Antai Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 05
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 6.7% 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 Earnings have declined by 52% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Dec 29
Shanxi Antai Group Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Shanxi Antai Group Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Dec 01
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 8.4% 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 (8.4% average weekly change). Earnings have declined by 52% per year over the past 5 years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.16 loss per share (vs CN¥0.15 loss in 3Q 2022) Third quarter 2023 results: CN¥0.16 loss per share. Revenue: CN¥2.55b (down 17% from 3Q 2022). Net loss: CN¥164.0m (loss narrowed 7.2% from 3Q 2022). Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.15 loss per share (vs CN¥0.063 profit in 2Q 2022) Second quarter 2023 results: CN¥0.15 loss per share (down from CN¥0.063 profit in 2Q 2022). Revenue: CN¥2.59b (down 33% from 2Q 2022). Net loss: CN¥149.4m (down 341% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Shanxi Antai Group Co.,Ltd to Report First Half, 2023 Results on Aug 26, 2023 Shanxi Antai Group Co.,Ltd announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Mar 18
Full year 2022 earnings released: CN¥0.29 loss per share (vs CN¥0.28 profit in FY 2021) Full year 2022 results: CN¥0.29 loss per share (down from CN¥0.28 profit in FY 2021). Revenue: CN¥12.7b (down 2.3% from FY 2021). Net loss: CN¥297.1m (down 205% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent 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. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Shu Ping Deng 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. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.15 loss per share (vs CN¥0.01 profit in 3Q 2021) Third quarter 2022 results: CN¥0.15 loss per share (down from CN¥0.01 profit in 3Q 2021). Revenue: CN¥3.09b (down 18% from 3Q 2021). Net loss: CN¥176.7m (down CN¥186.9m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 40% 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 20
Second quarter 2022 earnings released: EPS: CN¥0.063 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.063 (down from CN¥0.19 in 2Q 2021). Revenue: CN¥3.84b (up 26% from 2Q 2021). Net income: CN¥62.1m (down 67% from 2Q 2021). Profit margin: 1.6% (down from 6.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.19, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 97% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.25 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.25 in 1Q 2021). Revenue: CN¥3.23b (up 22% from 1Q 2021). Net income: CN¥51.1m (down 80% from 1Q 2021). Profit margin: 1.6% (down from 9.6% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent 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. 1 highly experienced director. 3 independent directors (4 non-independent directors). Convener of the Supervisory Board Wang Bin was the last director to join the board, commencing their role in 2002. 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 17
Full year 2021 earnings released: EPS: CN¥0.28 (vs CN¥0.33 in FY 2020) Full year 2021 results: EPS: CN¥0.28 (down from CN¥0.33 in FY 2020). Revenue: CN¥13.0b (up 48% from FY 2020). Net income: CN¥283.4m (down 15% from FY 2020). Profit margin: 2.2% (down from 3.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 24
Now 22% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be CN¥4.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% per annum over the last 3 years. Earnings per share has grown by 3.4% per annum over the last 3 years. Buying Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥4.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% per annum over the last 3 years. Earnings per share has grown by 3.4% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥3.83, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 54% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.06 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.75b (up 55% from 3Q 2020). Net income: CN¥10.1m (down 82% from 3Q 2020). Profit margin: 0.3% (down from 2.3% 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 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.031 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.04b (up 35% from 2Q 2020). Net income: CN¥187.5m (up CN¥171.6m from 2Q 2020). Profit margin: 6.2% (up from 0.7% 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 11% per year. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.42, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥3.93, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 91% over the past three years. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.45 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥8.79b (down 8.1% from FY 2019). Net income: CN¥332.9m (down 27% from FY 2019). Profit margin: 3.8% (down from 4.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥2.81, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.26, the stock is trading at a trailing P/E ratio of 9.1x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 28%. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥3.10 The company is up 61% from its price of CN¥1.93 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.99, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 22%. Is New 90 Day High Low • Feb 04
New 90-day high: CN¥2.99 The company is up 59% from its price of CN¥1.88 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥2.16, the stock is trading at a trailing P/E ratio of 6.1x, down from the previous P/E ratio of 7.1x. This compares to an average P/E of 30x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 30%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥2.70, the stock is trading at a trailing P/E ratio of 7.6x, up from the previous P/E ratio of 6.4x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 14%. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.40, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.8x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Dec 17
New 90-day high: CN¥2.29 The company is up 26% from its price of CN¥1.82 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. Announcement • Dec 14
Shanxi Antai Group Co., Ltd. (SHSE:600408) agreed to acquire additional 18% stake in Shanxi Xintai Fu'an New Materials Co., Ltd. from Shanxi Xintai Iron & Steel Co., Ltd. for approximately CNY 220 million. Shanxi Antai Group Co., Ltd. (SHSE:600408) agreed to acquire additional 18% stake in Shanxi Xintai Fu'an New Materials Co., Ltd. from Shanxi Xintai Iron & Steel Co., Ltd. for approximately CNY 220 million on December 11, 2020. Post completion, Shanxi Antai Group Co., Ltd. will hold 46% stake and Shanxi Xintai Iron & Steel Co., Ltd. will hold 54% stake in Shanxi Xintai Fu'an New Materials Co., Ltd. As of November 30, 2020, the Shanxi Xintai Fu'an New Materials Co., Ltd. total assets is approximately CNY 1403.4 billion and approximately net asset is CNY 1209.3 billion. Transaction is subject to approval of shareholders of Shanxi Antai Group Co., Ltd. Announcement • Dec 13
Shanxi Antai Plans to Buy 18% Stake in New Materials Firm Shanxi Antai Group Co., Ltd. (SHSE:600408) said it plans to buy 18% stake in New Materials Firm for CNY 216 million ($1.41 billion). Is New 90 Day High Low • Dec 01
New 90-day high: CN¥2.02 The company is up 9.0% from its price of CN¥1.86 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% 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¥366.1m, down 9.6% from the prior year. Total revenue was CN¥8.59b over the last 12 months, down 11% from the prior year. Announcement • Oct 29
Shanxi Antai Group Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Shanxi Antai Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Sep 24
New 90-day low: CN¥1.74 The company is down 4.0% from its price of CN¥1.82 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Announcement • Jul 17
Shanxi Antai Group Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Shanxi Antai Group Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 
