Reported Earnings • 7h
Second quarter 2026 earnings released: EPS: CN¥0.33 (vs CN¥0.32 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.33 (up from CN¥0.32 in 2Q 2025). Revenue: CN¥1.09b (up 36% from 2Q 2025). Net income: CN¥206.7m (up 8.4% from 2Q 2025). Profit margin: 19% (down from 24% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥53.73, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥69.98, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 136% over the past three years. Announcement • Jun 30
Red Avenue New Materials Group Co., Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Red Avenue New Materials Group Co., Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 New Risk • Jun 25
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 8.5% 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 Debt is not well covered by operating cash flow (8.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥50.89, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 53% over the past three years. Announcement • Apr 20
Red Avenue New Materials Group Co., Ltd., Annual General Meeting, May 08, 2026 Red Avenue New Materials Group Co., Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: 25F, No. 501, Yincheng Middle Road, Pudong New Area, Shanghai China Announcement • Mar 30
Red Avenue New Materials Group Co., Ltd. to Report Q1, 2026 Results on Apr 18, 2026 Red Avenue New Materials Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥51.57, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Chemicals industry in China. Total returns to shareholders of 64% over the past three years. Announcement • Dec 26
Red Avenue New Materials Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Red Avenue New Materials Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 New Risk • Dec 01
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 7.4% 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 Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.21 in 3Q 2024). Revenue: CN¥868.8m (up 2.4% from 3Q 2024). Net income: CN¥143.2m (up 14% from 3Q 2024). Profit margin: 17% (up from 15% in 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 23% 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
Red Avenue New Materials Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Red Avenue New Materials Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥41.55, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.01 per share. New Risk • Sep 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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 Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Jun 30
Red Avenue New Materials Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Red Avenue New Materials Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.86 (up from CN¥0.68 in FY 2023). Revenue: CN¥3.27b (up 11% from FY 2023). Net income: CN¥516.8m (up 27% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Red Avenue New Materials Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Red Avenue New Materials Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Red Avenue New Materials Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Red Avenue New Materials Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.00, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 43% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (in line with 3Q 2023). Revenue: CN¥848.6m (up 2.7% from 3Q 2023). Net income: CN¥125.5m (down 1.1% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Red Avenue New Materials Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Red Avenue New Materials Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥31.79, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.24 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.24 in 2Q 2023). Revenue: CN¥793.9m (up 13% from 2Q 2023). Net income: CN¥168.7m (up 20% from 2Q 2023). Profit margin: 21% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Red Avenue New Materials Group Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Red Avenue New Materials Group Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥31.59, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 27
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.68 (up from CN¥0.50 in FY 2022). Revenue: CN¥2.94b (up 18% from FY 2022). Net income: CN¥406.6m (up 36% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Announcement • Apr 26
Red Avenue New Materials Group Co., Ltd., Annual General Meeting, May 15, 2024 Red Avenue New Materials Group Co., Ltd., Annual General Meeting, May 15, 2024, at 14:00 China Standard Time. Location: 25F, No. 501, Yincheng Middle Road, Pudong New Area, Shanghai China Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.92, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years. Announcement • Mar 29
Red Avenue New Materials Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Red Avenue New Materials Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Feb 08
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) announces an Equity Buyback for CNY 120 million worth of its shares. Red Avenue New Materials Group Co., Ltd. (SHSE:603650) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at no more than CNY 40 per share. The purpose of the program is to use repurchased shares for equity incentives. The program will be funded from company's own funds. The plan will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥20.82, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Chemicals industry in China. Total loss to shareholders of 34% over the past three years. Announcement • Dec 30
Red Avenue New Materials Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Red Avenue New Materials Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 01
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 6.3% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.092 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.092 in 3Q 2022). Revenue: CN¥826.2m (up 23% from 3Q 2022). Net income: CN¥126.9m (up 125% from 3Q 2022). Profit margin: 15% (up from 8.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals 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 4% per year. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 6.1% 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 (3.7% operating cash flow to total debt). Earnings have declined by 6.1% per year over the past 5 years. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥703.9m (up 17% from 2Q 2022). Net income: CN¥140.3m (up 25% from 2Q 2022). Profit margin: 20% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals 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 5% per year. Announcement • Jun 28
Red Avenue New Materials Group Co., Ltd. to Report Q2, 2023 Results on Aug 23, 2023 Red Avenue New Materials Group Co., Ltd. announced that they will report Q2, 2023 results on Aug 23, 2023 Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.50 (down from CN¥0.55 in FY 2021). Revenue: CN¥2.50b (up 8.3% from FY 2021). Net income: CN¥298.2m (down 8.7% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Hwangyuh Chang was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.068 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.092 (up from CN¥0.068 in 3Q 2021). Revenue: CN¥670.6m (up 24% from 3Q 2021). Net income: CN¥56.5m (up 45% from 3Q 2021). Profit margin: 8.4% (up from 7.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥33.01, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥32.29, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥604.2m (up 1.1% from 2Q 2021). Net income: CN¥111.9m (up 22% from 2Q 2021). Profit margin: 19% (up from 15% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 58%, compared to a 41% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥604.2m (up 1.1% from 2Q 2021). Net income: CN¥111.9m (up 22% from 2Q 2021). Profit margin: 19% (up from 15% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 58%, compared to a 41% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥31.79, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥31.85, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 58% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.25 in 1Q 2021). Revenue: CN¥572.0m (flat on 1Q 2021). Net income: CN¥72.0m (down 51% from 1Q 2021). Profit margin: 13% (down from 25% in 1Q 2021). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 55%, compared to a 43% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Apr 16
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.55 (down from CN¥0.70 in FY 2020). Revenue: CN¥2.31b (up 13% from FY 2020). Net income: CN¥326.6m (down 20% from FY 2020). Profit margin: 14% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 48%, compared to a 51% growth forecast for the industry in China. 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 • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.068 (vs CN¥0.25 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥542.3m (down 2.7% from 3Q 2020). Net income: CN¥38.9m (down 74% from 3Q 2020). Profit margin: 7.2% (down from 27% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. 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 32% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥56.45, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥52.45, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 93% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.20 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥597.5m (up 23% from 2Q 2020). Net income: CN¥91.6m (down 21% from 2Q 2020). Profit margin: 15% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥61.85, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥58.28, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥47.36, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 118% over the past year. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥37.47, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 114% over the past year. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.70 (vs CN¥0.56 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¥2.05b (down 7.3% from FY 2019). Net income: CN¥410.5m (up 24% from FY 2019). Profit margin: 20% (up from 15% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Feb 24
New 90-day high: CN¥38.63 The company is up 1.0% from its price of CN¥38.19 on 26 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.72 per share. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥36.63, the stock is trading at a trailing P/E ratio of 65.4x, up from the previous P/E ratio of 56.6x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past year are 114%. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥29.10 The company is down 25% from its price of CN¥38.69 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.35 per share. Announcement • Jan 23
Red Avenue New Materials Group Co., Ltd. announced a financing transaction Red Avenue New Materials Group Co., Ltd. (SHSE:603650) announced a private placement of convertible corporate bonds on January 22, 2021. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥31.24 The company is down 2.0% from its price of CN¥31.79 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.13 per share. Is New 90 Day High Low • Nov 04
New 90-day high: CN¥39.09 The company is up 8.0% from its price of CN¥36.36 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.58 per share. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥331.6m, down 21% from the prior year. Total revenue was CN¥2.07b over the last 12 months, down 5.2% from the prior year. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥331.6m, down 21% from the prior year. Total revenue was CN¥2.07b over the last 12 months, down 5.2% from the prior year. Announcement • Oct 19
Red Avenue New Materials Group Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Red Avenue New Materials Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥37.80 The company is up 13% from its price of CN¥33.37 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.57 per share. Announcement • Jul 06
Red Avenue New Materials Group Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020 Red Avenue New Materials Group Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020 
