Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.07 loss in FY 2024) Full year 2025 results: EPS: CN¥0.026 (up from CN¥0.07 loss in FY 2024). Revenue: CN¥16.9b (up 4.0% from FY 2024). Net income: CN¥22.0m (up CN¥79.9m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 55% 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 • Apr 15
Jinneng Science&Technology Co.,Ltd, Annual General Meeting, May 07, 2026 Jinneng Science&Technology Co.,Ltd, Annual General Meeting, May 07, 2026, at 09:00 China Standard Time. Location: 12F, Office Building, No. 6, Longqiao Road, West Coast New Area, Qingdao, Shandong China Announcement • Mar 30
Jinneng Science&Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Jinneng Science&Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 20
New major risk - Revenue and earnings growth Earnings have declined by 63% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 63% per year over the past 5 years. Announcement • Dec 26
Jinneng Science&Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 15, 2026 Jinneng Science&Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 15, 2026 New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Announcement • Sep 30
Jinneng Science&Technology Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Jinneng Science&Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: CN¥0.054 loss per share (vs CN¥0.021 loss in 2Q 2024) Second quarter 2025 results: CN¥0.054 loss per share (further deteriorated from CN¥0.021 loss in 2Q 2024). Revenue: CN¥4.09b (up 17% from 2Q 2024). Net loss: CN¥49.5m (loss widened 164% from 2Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Jinneng Science&Technology Co.,Ltd to Report First Half, 2025 Results on Aug 16, 2025 Jinneng Science&Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 16, 2025 New Risk • Jun 29
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 236% Dividend yield: 3.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 Risks Dividend is not well covered by earnings (236% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.03 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.03 loss in 1Q 2024). Revenue: CN¥4.46b (up 32% from 1Q 2024). Net income: CN¥75.9m (up CN¥100.3m from 1Q 2024). Profit margin: 1.7% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Apr 11
New major risk - Revenue and earnings growth Earnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Mar 28
Jinneng Science&Technology Co.,Ltd to Report Q1, 2025 Results on Apr 28, 2025 Jinneng Science&Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Mar 24
Jinneng Science&Technology Co.,Ltd, Annual General Meeting, Apr 11, 2025 Jinneng Science&Technology Co.,Ltd, Annual General Meeting, Apr 11, 2025, at 09:00 China Standard Time. Location: 12F, Office Building, No. 6, Longqiao Road, West Coast New Area, Qingdao, Shandong China Reported Earnings • Mar 22
Full year 2024 earnings released: CN¥0.07 loss per share (vs CN¥0.16 profit in FY 2023) Full year 2024 results: CN¥0.07 loss per share (down from CN¥0.16 profit in FY 2023). Revenue: CN¥16.3b (up 12% from FY 2023). Net loss: CN¥57.9m (down 142% from profit in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Dec 27
Jinneng Science&Technology Co.,Ltd to Report Fiscal Year 2024 Results on Mar 22, 2025 Jinneng Science&Technology Co.,Ltd announced that they will report fiscal year 2024 results on Mar 22, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released Third quarter 2024 results: EPS: CN¥0.015. Revenue: CN¥5.26b (up 42% from 3Q 2023). Net income: CN¥10.6m (down 84% from 3Q 2023). Profit margin: 0.2% (down from 1.8% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Announcement • Sep 30
Jinneng Science&Technology Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Jinneng Science&Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.39, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 66% over the past three years. New Risk • Sep 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24,425% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.021 loss per share (vs CN¥0.089 profit in 2Q 2023) Second quarter 2024 results: CN¥0.021 loss per share (down from CN¥0.089 profit in 2Q 2023). Revenue: CN¥3.50b (down 7.3% from 2Q 2023). Net loss: CN¥18.7m (down 124% from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Jinneng Science&Technology Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Jinneng Science&Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 30
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.16 (down from CN¥0.29 in FY 2022). Revenue: CN¥14.6b (down 13% from FY 2022). Net income: CN¥137.4m (down 45% from FY 2022). Profit margin: 0.9% (down from 1.5% in FY 2022). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Jinneng Science&Technology Co.,Ltd, Annual General Meeting, May 21, 2024 Jinneng Science&Technology Co.,Ltd, Annual General Meeting, May 21, 2024, at 09:00 China Standard Time. Location: 12F, No. 6, Longqiao Road, Xihai'an New District, Qingdao, Shandong China Announcement • Mar 30
Jinneng Science&Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Jinneng Science&Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Jinneng Science&Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Jinneng Science&Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥3.70b (down 7.2% from 3Q 2022). Net income: CN¥66.7m (up 78% from 3Q 2022). Profit margin: 1.8% (up from 0.9% in 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.089 (vs CN¥0.055 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.089 (up from CN¥0.055 in 2Q 2022). Revenue: CN¥3.77b (down 12% from 2Q 2022). Net income: CN¥77.7m (up 55% from 2Q 2022). Profit margin: 2.1% (up from 1.2% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: CN¥0.29 (vs CN¥1.11 in FY 2021) Full year 2022 results: EPS: CN¥0.29 (down from CN¥1.11 in FY 2021). Revenue: CN¥16.8b (up 40% from FY 2021). Net income: CN¥249.2m (down 73% from FY 2021). Profit margin: 1.5% (down from 7.8% in FY 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 12 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Chairman of the Supervisory Board Yuan Pan is the most experienced director on the board, commencing their role in 2021. Independent Director Yuanmu Hu was the last independent director to join the board, commencing their role in 2021. 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. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.25 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.25 in 3Q 2021). Revenue: CN¥5.28b (up 95% from 3Q 2021). Net income: CN¥85.7m (down 59% from 3Q 2021). Profit margin: 1.6% (down from 7.7% in 3Q 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 27% 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. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.055 (vs CN¥0.52 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.055 (down from CN¥0.52 in 2Q 2021). Revenue: CN¥4.31b (up 63% from 2Q 2021). Net income: CN¥50.2m (down 89% from 2Q 2021). Profit margin: 1.2% (down from 17% in 2Q 2021). Over the next year, revenue is expected to shrink by 7.3% compared to a 31% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.56 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.56 in 1Q 2021). Revenue: CN¥4.52b (up 76% from 1Q 2021). Net income: CN¥124.1m (down 74% from 1Q 2021). Profit margin: 2.7% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.3%, compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥17.75, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Oil and Gas industry in China. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.81 per share. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.52 (vs CN¥0.28 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.64b (up 49% from 2Q 2020). Net income: CN¥447.4m (up 134% from 2Q 2020). Profit margin: 17% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS CN¥1.28 (vs CN¥1.13 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¥7.55b (down 7.4% from FY 2019). Net income: CN¥889.2m (up 17% from FY 2019). Profit margin: 12% (up from 9.4% 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 1% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥16.29, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Oil and Gas industry in China. Total loss to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥23.28, the stock trades at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 16.8x. Average P/E is 17x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 24%. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥23.21 The company is up 60% from its price of CN¥14.49 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 Oil and Gas industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.62 per share. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.21, the stock is trading at a trailing P/E ratio of 19.3x, up from the previous P/E ratio of 16.7x. This compares to an average P/E of 16x in the Oil and Gas industry in China. Total returns to shareholders over the past three years are 25%. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥18.15, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 12.9x. This compares to an average P/E of 16x in the Oil and Gas industry in China. Total return to shareholders over the past three years is a loss of 19%. Is New 90 Day High Low • Jan 18
New 90-day high: CN¥17.07 The company is up 38% from its price of CN¥12.38 on 20 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.63 per share. Is New 90 Day High Low • Dec 30
New 90-day high: CN¥16.67 The company is up 39% from its price of CN¥12.00 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.39 per share. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.12, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.6x. This compares to an average P/E of 20x in the Oil and Gas industry in China. Total return to shareholders over the past three years is a loss of 27%. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 16% share price gain to CN¥16.61, the stock is trading at a trailing P/E ratio of 13.8x, up from the previous P/E ratio of 12x. This compares to an average P/E of 19x in the Oil and Gas industry in China. Total return to shareholders over the past three years is a loss of 25%. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥14.16 The company is up 4.0% from its price of CN¥13.59 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.21 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥810.1m, down 14% from the prior year. Total revenue was CN¥7.33b over the last 12 months, down 15% from the prior year. Announcement • Oct 30
Jinneng Science & Technology Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Jinneng Science & Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 08
Jinneng Science & Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Jinneng Science & Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020