Announcement • Jun 30
Zhejiang Great Shengda Packaging Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 15
Dividend reduced to CN¥0.042 Dividend of CN¥0.042 is 27% lower than last year. Ex-date: 22nd June 2026 Payment date: 22nd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 27% EPS decline seen over the last 5 years. New Risk • May 06
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: 3.1% Last year net profit margin: 5.5% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 18% 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 (3.1% net profit margin). Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.19 in FY 2024) Full year 2025 results: EPS: CN¥0.14 (down from CN¥0.19 in FY 2024). Revenue: CN¥2.20b (up 3.4% from FY 2024). Net income: CN¥77.1m (down 27% from FY 2024). Profit margin: 3.5% (down from 5.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Apr 22
Zhejiang Great Shengda Packaging Co.,Ltd., Annual General Meeting, May 12, 2026 Zhejiang Great Shengda Packaging Co.,Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: 19F, Tower A, No. 2036, Shixin North Road, Xiaoshan District, Hangzhou, Zhejiang China Announcement • Mar 30
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 20
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 8.2% 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 18% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥12.17, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 43x in the Packaging industry in China. Total returns to shareholders of 24% over the past three years. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Wencai Xu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 26
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Board Change • Dec 13
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. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Wencai Xu was the last independent director to join the board, commencing their role in 2022. 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 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.059 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.06. Revenue: CN¥562.0m (up 5.9% from 3Q 2024). Net income: CN¥31.8m (down 7.5% from 3Q 2024). Profit margin: 5.7% (down from 6.5% in 3Q 2024). Announcement • Sep 30
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 17% per year over the past 5 years. 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. Announcement • Jul 03
Zhejiang Great Shengda Packaging Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 15
Dividend increased to CN¥0.058 Dividend of CN¥0.058 is 20% higher than last year. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.7% EPS decline seen over the last 5 years. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.20 in FY 2023) Full year 2024 results: EPS: CN¥0.19. Revenue: CN¥2.13b (up 5.8% from FY 2023). Net income: CN¥106.3m (up 20% from FY 2023). Profit margin: 5.0% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Apr 22
Zhejiang Great Shengda Packaging Co.,Ltd., Annual General Meeting, May 12, 2025 Zhejiang Great Shengda Packaging Co.,Ltd., Annual General Meeting, May 12, 2025, at 14:00 China Standard Time. Location: 19F, No. 2036, Shixin North Road, Xiaoshan District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.13, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 29x in the Packaging industry in China. Total loss to shareholders of 18% over the past three years. New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 30
Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) agreed to acquire an additional 20% stake in Sichuan Zhongfei Packing Co., Ltd. from Zhongcai New Materials Co., Ltd. for approximately CNY 100 million. Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) agreed to acquire an additional 20% stake in Sichuan Zhongfei Packing Co., Ltd. from Zhongcai New Materials Co., Ltd. for approximately CNY 100 million on March 27, 2025. A cash consideration of CNY 93.31 million will be paid by Zhejiang Great Shengda Packaging Co.,Ltd. Zhejiang Great Shengda Packaging Co.,Ltd. will pay an earnout/contingent payment of CNY 10.37 million cash. As part of consideration, CNY 103.68 million is paid towards common equity of Sichuan Zhongfei Packing Co., Ltd. Upon completion, Zhejiang Great Shengda Packaging Co.,Ltd. will own 80% stake in Sichuan Zhongfei Packing Co., Ltd.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Announcement • Mar 28
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.059 (vs CN¥0.078 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.059 (down from CN¥0.078 in 3Q 2023). Revenue: CN¥530.9m (flat on 3Q 2023). Net income: CN¥34.4m (down 2.8% from 3Q 2023). Profit margin: 6.5% (down from 6.7% in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging 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 only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.11, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Packaging industry in China. Total loss to shareholders of 22% over the past three years. New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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. Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.063 (vs CN¥0.05 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.063 (up from CN¥0.05 in 2Q 2023). Revenue: CN¥511.2m (up 3.8% from 2Q 2023). Net income: CN¥30.6m (up 47% from 2Q 2023). Profit margin: 6.0% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 31% 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. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.63, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Packaging industry in China. Total loss to shareholders of 23% over the past three years. Buy Or Sell Opportunity • Jul 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to CN¥6.38. The fair value is estimated to be CN¥8.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 38%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Announcement • Jun 28
Zhejiang Great Shengda Packaging Co.,Ltd. to Report First Half, 2024 Results on Aug 21, 2024 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 New Risk • May 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 8.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (31% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.31, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 32x in the Packaging industry in China. Total returns to shareholders of 2.0% over the past three years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.05 in 1Q 2023). Revenue: CN¥467.4m (up 4.6% from 1Q 2023). Net income: CN¥17.8m (down 10% from 1Q 2023). Profit margin: 3.8% (down from 4.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 30
Zhejiang Great Shengda Packaging Co.,Ltd., Annual General Meeting, May 24, 2024 Zhejiang Great Shengda Packaging Co.,Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: 19F, No. 2036, Shixin North Road, Xiaoshan District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥9.94, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 30x in the Packaging industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Mar 29
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.89, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 28x in the Packaging industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Feb 07
Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) announces an Equity Buyback for CNY 100 million worth of its shares. Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not be more than CNY 11 per share. The repurchased shares will be used for the implementation of ESOP or equity incentives. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥8.10, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 30x in the Packaging industry in China. Total returns to shareholders of 1.4% over the past three years. Announcement • Dec 29
Zhejiang Great Shengda Packaging Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.078 (vs CN¥0.051 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.078 (up from CN¥0.051 in 3Q 2022). Revenue: CN¥530.3m (up 5.7% from 3Q 2022). Net income: CN¥35.3m (up 57% from 3Q 2022). Profit margin: 6.7% (up from 4.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings have declined by 4.2% 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 Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.07 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.07 in 2Q 2022). Revenue: CN¥492.3m (down 7.0% from 2Q 2022). Net income: CN¥20.8m (down 27% from 2Q 2022). Profit margin: 4.2% (down from 5.4% in 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Packaging 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 only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Zhejiang Great Shengda Packaging Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Zhejiang Great Shengda Packaging Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.25 (up from CN¥0.24 in FY 2021). Revenue: CN¥2.06b (up 24% from FY 2021). Net income: CN¥105.3m (up 8.0% from FY 2021). Profit margin: 5.1% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Packaging 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 fallen by 12% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.89, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 30x in the Packaging industry in China. Total loss to shareholders of 41% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.031 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.051 (up from CN¥0.031 in 3Q 2021). Revenue: CN¥501.8m (up 22% from 3Q 2021). Net income: CN¥22.5m (up 61% from 3Q 2021). Profit margin: 4.5% (up from 3.4% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥10.53, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 26x in the Packaging industry in China. Total loss to shareholders of 39% over the past three years. Announcement • Jul 22
Zhejiang Great Shengda Packaging Co.,Ltd. announced that it expects to receive CNY 650 million in funding from Hangzhou Shengda Investment Co., Ltd., and other investors Zhejiang Great Shengda Packaging Co.,Ltd. announced a private placement of not more than 120,000,000 A Shares for gross proceeds of not more than CNY 650,000,000 on July 20, 2022. The transaction will include participation from no more than 35 specific investors, including the controlling shareholder of the company Hangzhou Shengda Investment Co., Ltd. Hangzhou Shengda Investment Co., Ltd. has signed a share subscription agreement to subscribe for not less than CNY 30,000,000 and not more than CNY 50,000,000 in the transaction. The shares issued having a par value of CNY 1.00 each. The pricing base date of this non-public offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. After the completion of transaction, Hangzhou Shengda Investment Co., Ltd. stake will get reduce to not less than 51.62% from 64.20% in the company. The scurries issued to Hangzhou Shengda Investment Co., Ltd. having lock-up period is 18 months from the date of the closing of transaction, for the rest of investors lock-up period is six months. The transaction has been reviewed and approved at the twenty-seventh meeting of the second board of directors of the company, and still need to be reviewed and approved by the company's general meeting of shareholders and by the China Securities Regulatory Commission. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.70, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 35x in the Packaging industry in China. Total returns to shareholders of 10.0% over the past year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥12.29, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 32x in the Packaging industry in China. Total returns to shareholders of 8.6% over the past year. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.19 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¥390.0m (up 19% from 2Q 2020). Net income: CN¥23.4m (down 76% from 2Q 2020). Profit margin: 6.0% (down from 30% in 2Q 2020). 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¥8.68, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 28x in the Packaging industry in China. Total loss to shareholders of 35% over the past year. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CN¥0.68 (vs CN¥0.28 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.35b (up 6.7% from FY 2019). Net income: CN¥278.8m (up 164% from FY 2019). Profit margin: 21% (up from 8.3% in FY 2019). Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥8.10, the stock is trading at a trailing P/E ratio of 25x, down from the previous P/E ratio of 29.9x. This compares to an average P/E of 28x in the Packaging industry in China. Total return to shareholders over the past year is a loss of 36%. Is New 90 Day High Low • Feb 08
New 90-day low: CN¥8.10 The company is down 25% from its price of CN¥10.86 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥8.87 The company is down 26% from its price of CN¥12.03 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥9.29, the stock is trading at a trailing P/E ratio of 28.7x, down from the previous P/E ratio of 33.9x. This compares to an average P/E of 30x in the Packaging industry in China. Total return to shareholders over the past year is a loss of 43%. Is New 90 Day High Low • Dec 21
New 90-day low: CN¥10.26 The company is down 20% from its price of CN¥12.75 on 22 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 Packaging industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥10.30 The company is down 23% from its price of CN¥13.36 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 4.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥134.2m, largely unchanged from the prior year. Total revenue was CN¥1.28b over the last 12 months, up 1.0% from the prior year. Announcement • Oct 30
Zhejiang Great Shengda Packing Co.,Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Zhejiang Great Shengda Packing Co.,Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 22
New 90-day low: CN¥11.69 The company is down 12% from its price of CN¥13.21 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is flat over the same period. Announcement • Sep 06
Zhejiang Great Shengda Packing Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Zhejiang Great Shengda Packing Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020