New Risk • Jul 10
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 11% 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 (11% average weekly change). High level of non-cash earnings (25% accrual ratio). Announcement • Jun 30
Shaanxi Sirui Advanced Materials Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • May 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 379% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough 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. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 379% Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Announcement • Apr 28
Shaanxi Sirui Advanced Materials Co., Ltd., Annual General Meeting, May 25, 2026 Shaanxi Sirui Advanced Materials Co., Ltd., Annual General Meeting, May 25, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Announcement • Mar 30
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Feb 25
Full year 2025 earnings: Revenues miss analyst expectations Full year 2025 results: Revenue: CN¥1.56b (up 18% from FY 2024). Net income: CN¥154.3m (up 35% from FY 2024). Profit margin: 9.9% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Announcement • Dec 26
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Nov 24
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 8.3% 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 High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Sep 30
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.275 to CN¥0.22. Revenue forecast unchanged from CN¥1.68b at last update. Net income forecast to grow 38% next year vs 42% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥14.35 to CN¥20.33. Share price fell 11% to CN¥15.33 over the past week. New Risk • Sep 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 (17% operating cash flow to total debt). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). New Risk • Jul 08
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 High level of non-cash earnings (22% accrual ratio). Minor Risks High level of debt (61% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Jun 30
Shaanxi Sirui Advanced Materials Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.11, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 72% over the past three years. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.045 (vs CN¥0.035 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.045 (up from CN¥0.035 in 1Q 2024). Revenue: CN¥344.1m (up 20% from 1Q 2024). Net income: CN¥32.3m (up 32% from 1Q 2024). Profit margin: 9.4% (up from 8.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining 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 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Shaanxi Sirui Advanced Materials Co., Ltd., Annual General Meeting, May 20, 2025 Shaanxi Sirui Advanced Materials Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Price Target Changed • Apr 12
Price target increased by 21% to CN¥12.36 Up from CN¥10.22, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥11.90. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.16 last year. Announcement • Mar 28
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.64, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 21% over the past year. Reported Earnings • Feb 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2023). Revenue: CN¥1.33b (up 13% from FY 2023). Net income: CN¥106.1m (up 7.9% from FY 2023). Profit margin: 8.0% (down from 8.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Metals and Mining industry in China. Announcement • Dec 27
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 High level of debt (50% net debt to equity). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥10.44, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 7.8% over the past year. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.022 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.021. Revenue: CN¥340.3m (up 10% from 3Q 2023). Net income: CN¥22.3m (up 41% from 3Q 2023). Profit margin: 6.6% (up from 5.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.42, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 8.1% over the past year. New Risk • Sep 30
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 7.5% 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: Minor Risks High level of debt (40% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Sep 30
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shaanxi Sirui Advanced Materials 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 28% After last week's 28% share price gain to CN¥8.88, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 3.6% over the past year. Major Estimate Revision • Aug 28
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.195 to CN¥0.225. Revenue forecast unchanged at CN¥1.52b. Net income forecast to grow 64% next year vs 35% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥10.22 to CN¥11.96. Share price fell 2.5% to CN¥6.99 over the past week. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.043 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.076 (up from CN¥0.043 in 2Q 2023). Revenue: CN¥336.8m (up 9.2% from 2Q 2023). Net income: CN¥31.4m (up 1.2% from 2Q 2023). Profit margin: 9.3% (in line with 2Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. New Risk • Jul 23
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 7.3% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Announcement • Jun 28
Shaanxi Sirui Advanced Materials Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.78, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past year. New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Apr 29
Shaanxi Sirui Advanced Materials Co., Ltd., Annual General Meeting, May 17, 2024 Shaanxi Sirui Advanced Materials Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.039 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.045 (up from CN¥0.039 in 1Q 2023). Revenue: CN¥287.2m (up 14% from 1Q 2023). Net income: CN¥24.6m (up 14% from 1Q 2023). Profit margin: 8.6% (in line with 1Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.04, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 26% over the past year. Announcement • Mar 29
Shaanxi Sirui Advanced Materials Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.00, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 11x in the Metals and Mining industry in China. Total loss to shareholders of 20% over the past year. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 02
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.18 (up from CN¥0.14 in FY 2022). Revenue: CN¥1.17b (up 18% from FY 2022). Net income: CN¥101.5m (up 30% from FY 2022). Profit margin: 8.6% (up from 7.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Metals and Mining industry in China. New Risk • Oct 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 108% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 28
Shaanxi Sirui Advanced Materials Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Shaanxi Sirui Advanced Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.054 (vs CN¥0.087 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.054 (down from CN¥0.087 in 1Q 2022). Revenue: CN¥251.4m (up 5.1% from 1Q 2022). Net income: CN¥21.6m (down 31% from 1Q 2022). Profit margin: 8.6% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.024 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.024 in 3Q 2021). Revenue: CN¥233.2m (down 11% from 3Q 2021). Net income: CN¥6.28m (down 25% from 3Q 2021). Profit margin: 2.7% (down from 3.2% in 3Q 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥15.64, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 14x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥14.02, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 15x in the Metals and Mining industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.058 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.052 (down from CN¥0.058 in 2Q 2021). Revenue: CN¥245.8m (down 6.9% from 2Q 2021). Net income: CN¥20.8m (down 8.1% from 2Q 2021). Profit margin: 8.5% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 57%, compared to a 31% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥15.65, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 33x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥13.66, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 27x in the Metals and Mining industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.087 (vs CN¥0.04 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.087 (up from CN¥0.04 in 1Q 2021). Revenue: CN¥239.1m (up 26% from 1Q 2021). Net income: CN¥31.3m (up 140% from 1Q 2021). Profit margin: 13% (up from 6.9% in 1Q 2021). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.