Announcement • Jun 30
GuangDong SongYang Recycle Resources CO.,LTD to Report First Half, 2026 Results on Aug 29, 2026 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • Apr 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥32m free cash flow). Earnings have declined by 38% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Apr 30
Full year 2025 earnings released: CN¥1.00 loss per share (vs CN¥1.15 loss in FY 2024) Full year 2025 results: CN¥1.00 loss per share (improved from CN¥1.15 loss in FY 2024). Revenue: CN¥443.2m (down 39% from FY 2024). Net loss: CN¥203.7m (loss narrowed 14% from FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
GuangDong SongYang Recycle Resources CO.,LTD, Annual General Meeting, May 21, 2026 GuangDong SongYang Recycle Resources CO.,LTD, Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China New Risk • Apr 07
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 8.4% 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 Earnings have declined by 45% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Mar 30
GuangDong SongYang Recycle Resources CO.,LTD to Report Q1, 2026 Results on Apr 30, 2026 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
GuangDong SongYang Recycle Resources CO.,LTD to Report Fiscal Year 2025 Results on Apr 30, 2026 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.20 loss per share (vs CN¥0.22 loss in 3Q 2024) Third quarter 2025 results: CN¥0.20 loss per share (improved from CN¥0.22 loss in 3Q 2024). Revenue: CN¥91.4m (down 46% from 3Q 2024). Net loss: CN¥41.0m (loss narrowed 8.0% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 17
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 9.2% 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 (9.2% average weekly change). Earnings have declined by 51% per year over the past 5 years. Announcement • Sep 30
GuangDong SongYang Recycle Resources CO.,LTD to Report Q3, 2025 Results on Oct 31, 2025 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
GuangDong SongYang Recycle Resources CO.,LTD to Report First Half, 2025 Results on Aug 30, 2025 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 28
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 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Apr 30
Full year 2024 earnings released: CN¥1.15 loss per share (vs CN¥1.16 loss in FY 2023) Full year 2024 results: CN¥1.15 loss per share (improved from CN¥1.16 loss in FY 2023). Revenue: CN¥726.8m (up 9.2% from FY 2023). Net loss: CN¥235.6m (flat on FY 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Apr 30
GuangDong SongYang Recycle Resources CO.,LTD, Annual General Meeting, May 22, 2025 GuangDong SongYang Recycle Resources CO.,LTD, Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China Announcement • Mar 28
GuangDong SongYang Recycle Resources CO.,LTD to Report Q1, 2025 Results on Apr 30, 2025 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). New Risk • Jan 09
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 9.9% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥49m free cash flow). Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Announcement • Dec 27
GuangDong SongYang Recycle Resources CO.,LTD to Report Fiscal Year 2024 Results on Apr 30, 2025 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.22 loss per share (vs CN¥0.48 loss in 3Q 2023) Third quarter 2024 results: CN¥0.22 loss per share (improved from CN¥0.48 loss in 3Q 2023). Revenue: CN¥170.5m (up 9.8% from 3Q 2023). Net loss: CN¥44.6m (loss narrowed 54% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Announcement • Sep 30
GuangDong SongYang Recycle Resources CO.,LTD to Report Q3, 2024 Results on Oct 31, 2024 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: CN¥0.18 loss per share (vs CN¥0.24 loss in 2Q 2023) Second quarter 2024 results: CN¥0.18 loss per share (improved from CN¥0.24 loss in 2Q 2023). Revenue: CN¥211.7m (up 16% from 2Q 2023). Net loss: CN¥37.5m (loss narrowed 24% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
GuangDong SongYang Recycle Resources CO.,LTD to Report First Half, 2024 Results on Aug 30, 2024 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 14
GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) announces an Equity Buyback for CNY 30 million worth of its shares. GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million. The shares will be repurchased at a purchase price of CNY 20 per share. The program will be sourced from own funds. The purpose of the program is ESOP or equity incentives. The program will be valid for 12 months. New Risk • May 29
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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥122m free cash flow). Earnings have declined by 71% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Apr 24
Full year 2023 earnings released: CN¥1.16 loss per share (vs CN¥1.35 loss in FY 2022) Full year 2023 results: CN¥1.16 loss per share (improved from CN¥1.35 loss in FY 2022). Revenue: CN¥665.4m (down 28% from FY 2022). Net loss: CN¥236.9m (loss narrowed 14% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 166 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
GuangDong SongYang Recycle Resources CO.,LTD, Annual General Meeting, May 16, 2024 GuangDong SongYang Recycle Resources CO.,LTD, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China Announcement • Mar 29
GuangDong SongYang Recycle Resources CO.,LTD to Report Q1, 2024 Results on Apr 30, 2024 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
GuangDong SongYang Recycle Resources CO.,LTD to Report Fiscal Year 2023 Results on Apr 12, 2024 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report fiscal year 2023 results on Apr 12, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.48 loss per share (vs CN¥0.34 loss in 3Q 2022) Third quarter 2023 results: CN¥0.48 loss per share (further deteriorated from CN¥0.34 loss in 3Q 2022). Revenue: CN¥155.4m (down 31% from 3Q 2022). Net loss: CN¥97.5m (loss widened 40% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 166 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.24 loss per share (vs CN¥0.29 loss in 2Q 2022) Second quarter 2023 results: CN¥0.24 loss per share (improved from CN¥0.29 loss in 2Q 2022). Revenue: CN¥182.3m (down 31% from 2Q 2022). Net loss: CN¥49.5m (loss narrowed 13% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance. New Risk • Jun 21
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 6.8% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 61% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.13 loss per share (vs CN¥0.01 profit in 1Q 2022) First quarter 2023 results: CN¥0.13 loss per share (down from CN¥0.01 profit in 1Q 2022). Revenue: CN¥120.0m (down 46% from 1Q 2022). Net loss: CN¥26.0m (down CN¥28.1m from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Zhang Lixin is the most experienced director on the board, commencing their role in 2020. Independent Director Youjie Cai was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.34 loss per share (vs CN¥0.029 loss in 3Q 2021) Third quarter 2022 results: CN¥0.34 loss per share (further deteriorated from CN¥0.029 loss in 3Q 2021). Revenue: CN¥223.5m (up 67% from 3Q 2021). Net loss: CN¥69.6m (loss widened CN¥64.4m from 3Q 2021). 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 • Oct 27
Tongling High-tech Qihang No. 1 Equity Investment Partnership (Limited Partnership) completed the acquisition of a 5% stake in GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) from Wang Zhuangjia. Tongling High-tech Qihang No. 1 Equity Investment Partnership (Limited Partnership agreed to acquire a 5% stake in GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) from Wang Zhuangjia for approximately CNY 100 million on September 22, 2022. Under the terms, Tongling High-tech will pay CNY 9.95 per against 10,232,500 shares of GuangDong SongYang.
Tongling High-tech Qihang No. 1 Equity Investment Partnership (Limited Partnership) completed the acquisition of a 5% stake in GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) from Wang Zhuangjia on October 26, 2022. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.01 (down from CN¥0.07 in 1Q 2021). Revenue: CN¥223.0m (up 86% from 1Q 2021). Net income: CN¥2.10m (down 86% from 1Q 2021). Profit margin: 0.9% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman of Board Zhuangpeng Wang was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.04 (vs CN¥0.37 in FY 2020) Full year 2021 results: EPS: CN¥0.04 (down from CN¥0.37 in FY 2020). Revenue: CN¥597.1m (up 20% from FY 2020). Net income: CN¥8.87m (down 88% from FY 2020). Profit margin: 1.5% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.029 loss per share (vs CN¥0.098 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥133.5m (down 1.7% from 3Q 2020). Net loss: CN¥5.17m (down 126% from profit in 3Q 2020). Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.10 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¥144.9m (up 26% from 2Q 2020). Net income: CN¥4.41m (down 78% from 2Q 2020). Profit margin: 3.0% (down from 17% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.95, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 21x in the Forestry industry in China. Total loss to shareholders of 43% over the past year. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.37 (vs CN¥0.49 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥498.9m (down 14% from FY 2019). Net income: CN¥76.6m (down 14% from FY 2019). Profit margin: 15% (in line with FY 2019). Is New 90 Day High Low • Jan 29
New 90-day low: CN¥9.50 The company is down 15% from its price of CN¥11.24 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 Forestry industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.18, the stock is trading at a trailing P/E ratio of 30.1x, up from the previous P/E ratio of 26.1x. This compares to an average P/E of 23x in the Forestry industry in China. Total return to shareholders over the past year is a loss of 31%. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥10.83 The company is down 17% from its price of CN¥13.05 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 Forestry industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥11.24 The company is down 15% from its price of CN¥13.18 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is down 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥76.7m, down 10% from the prior year. Total revenue was CN¥483.6m over the last 12 months, down 19% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥12.28 The company is down 1.0% from its price of CN¥12.36 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 16% over the same period. Announcement • Jul 08
GuangDong SongYang Recycle Resources CO.,LTD to Report First Half, 2020 Results on Aug 19, 2020 GuangDong SongYang Recycle Resources CO.,LTD announced that they will report first half, 2020 results on Aug 19, 2020