Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.01 (down from CN¥0.09 in 1Q 2025). Revenue: CN¥663.1m (up 6.5% from 1Q 2025). Net income: CN¥4.87m (down 89% from 1Q 2025). Profit margin: 0.7% (down from 7.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 95%. Revenue is forecast to grow 15% 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 fallen by 34% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 30
Now 30% undervalued Over the last 90 days, the stock has risen 56% to CN¥34.89. The fair value is estimated to be CN¥49.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 25%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. New Risk • Apr 22
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 9.8% 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 Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.8% net profit margin). New Risk • Apr 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% 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 (9.3% average weekly change). Profit margins are more than 30% lower than last year (4.8% net profit margin). Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥3.31b to CN¥3.44b. EPS estimate fell from CN¥0.624 to CN¥0.557 per share. Net income forecast to grow 103% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target of CN¥30.66 unchanged from last update. Share price fell 7.4% to CN¥27.80 over the past week. Announcement • Mar 30
Jinhong Gas Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jinhong Gas Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 28
Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 20, 2026 Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu China New Risk • Mar 17
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 7.8% 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Mar 05
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.26 (down from CN¥0.42 in FY 2024). Revenue: CN¥2.78b (up 10% from FY 2024). Net income: CN¥122.6m (down 39% from FY 2024). Profit margin: 4.4% (down from 8.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 16% p.a. on average during the next 2 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 25% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Price Target Changed • Feb 03
Price target increased by 22% to CN¥29.16 Up from CN¥23.91, the current price target is an average from 2 analysts. New target price is 32% above last closing price of CN¥22.17. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.42 last year. Announcement • Dec 26
Jinhong Gas Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Jinhong Gas Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.07 (down from CN¥0.11 in 3Q 2024). Revenue: CN¥717.0m (up 15% from 3Q 2024). Net income: CN¥33.8m (down 33% from 3Q 2024). Profit margin: 4.7% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 19% 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 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Jinhong Gas Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jinhong Gas Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Aug 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% 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 Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). Reported Earnings • Aug 26
Second quarter 2025 earnings: Revenues and EPS in line with analyst expectations Second quarter 2025 results: EPS: CN¥0.08 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥691.4m (up 7.6% from 2Q 2024). Net income: CN¥38.2m (down 54% from 2Q 2024). Profit margin: 5.5% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jun 30
Jinhong Gas Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Jinhong Gas Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Price Target Changed • May 10
Price target decreased by 7.6% to CN¥23.37 Down from CN¥25.31, the current price target is an average from 3 analysts. New target price is 27% above last closing price of CN¥18.40. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.42 last year. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.09 (down from CN¥0.16 in 1Q 2024). Revenue: CN¥622.5m (up 5.6% from 1Q 2024). Net income: CN¥44.0m (down 43% from 1Q 2024). Profit margin: 7.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 49%. 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 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥3.07b to CN¥3.12b. EPS estimate fell from CN¥0.79 to CN¥0.647 per share. Net income forecast to grow 55% next year vs 49% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥25.14. Share price was steady at CN¥18.48 over the past week. Announcement • Mar 28
Jinhong Gas Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Jinhong Gas Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 26
Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2025 Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2025, at 14:30 China Standard Time. Location: No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu China Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.65 in FY 2023) Full year 2024 results: EPS: CN¥0.42 (down from CN¥0.65 in FY 2023). Revenue: CN¥2.53b (up 4.0% from FY 2023). Net income: CN¥200.7m (down 36% from FY 2023). Profit margin: 7.9% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Jinhong Gas Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 Jinhong Gas Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Major Estimate Revision • Nov 05
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.95b to CN¥2.59b. EPS estimate fell from CN¥0.775 to CN¥0.601 per share. Net income forecast to grow 49% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target down from CN¥26.91 to CN¥26.23. Share price was steady at CN¥19.20 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.20 in 3Q 2023). Revenue: CN¥625.7m (down 3.1% from 3Q 2023). Net income: CN¥50.4m (down 48% from 3Q 2023). Profit margin: 8.1% (down from 15% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 22% 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 increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥18.34, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 13% over the past three years. Announcement • Sep 30
Jinhong Gas Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jinhong Gas Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.30, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Sep 27
Jinhong Gas Co.,Ltd. (SHSE:688106) announces an Equity Buyback for CNY 80 million worth of its shares. Jinhong Gas Co.,Ltd. (SHSE:688106) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 24 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be funded from company's own funds or self-raised funds. The plan will be valid for a period of 12 months. Reported Earnings • Aug 22
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 2Q 2023). Revenue: CN¥642.6m (up 4.4% from 2Q 2023). Net income: CN¥83.6m (down 18% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 4.4%. 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 25% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Jinhong Gas Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Jinhong Gas Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥589.4m (up 14% from 1Q 2023). Net income: CN¥76.5m (up 27% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 21% 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 increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Jinhong Gas Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jinhong Gas Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Price Target Changed • Mar 28
Price target decreased by 7.0% to CN¥28.97 Down from CN¥31.16, the current price target is an average from 3 analysts. New target price is 54% above last closing price of CN¥18.83. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.83 for next year compared to CN¥0.65 last year. Announcement • Mar 26
Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2024 Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2024, at 14:30 China Standard Time. Location: Executive Building, No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu China Reported Earnings • Feb 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.66 (up from CN¥0.47 in FY 2022). Revenue: CN¥2.43b (up 23% from FY 2022). Net income: CN¥319.1m (up 39% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 21% 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 increased by 16% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.26, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 11% over the past three years. Announcement • Nov 09
Jinhong Gas Co.,Ltd. (SHSE:688106) announces an Equity Buyback for CNY 50 million worth of its shares. Jinhong Gas Co.,Ltd. (SHSE:688106) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The shares will be repurchased at a price of not more than CNY 30 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The plan will be valid for a period of 12 months. Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥646.0m (up 28% from 3Q 2022). Net income: CN¥97.0m (up 38% from 3Q 2022). Profit margin: 15% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 23% 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 increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥615.7m (up 27% from 2Q 2022). Net income: CN¥101.6m (up 70% from 2Q 2022). Profit margin: 17% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% 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 increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Jinhong Gas Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Jinhong Gas Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 55% over the past year. Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.47 (up from CN¥0.34 in FY 2021). Revenue: CN¥1.98b (up 14% from FY 2021). Net income: CN¥229.6m (up 38% from FY 2021). Profit margin: 12% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.34 in FY 2021) Full year 2022 results: EPS: CN¥0.47 (up from CN¥0.34 in FY 2021). Revenue: CN¥1.98b (up 14% from FY 2021). Net income: CN¥229.6m (up 38% from FY 2021). Profit margin: 12% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Zhong Chen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥506.8m (up 11% from 3Q 2021). Net income: CN¥70.4m (up 82% from 3Q 2021). Profit margin: 14% (up from 8.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.26, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Chemicals industry in China. Negligible returns to shareholders over past year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥484.3m (up 14% from 2Q 2021). Net income: CN¥59.6m (up 23% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 62%, compared to a 40% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥20.80, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 20% over the past year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Director Yuexi Wang was the last 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. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥19.32, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 26% over the past year. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.34 (down from CN¥0.47 in FY 2020). Revenue: CN¥1.74b (up 40% from FY 2020). Net income: CN¥166.5m (down 16% from FY 2020). Profit margin: 9.6% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 23%, compared to a 47% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥455.0m (up 30% from 3Q 2020). Net income: CN¥38.7m (down 36% from 3Q 2020). Profit margin: 8.5% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥26.62, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 28% over the past year. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.16 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥426.5m (up 44% from 2Q 2020). Net income: CN¥48.4m (down 23% from 2Q 2020). Profit margin: 11% (down from 21% in 2Q 2020). Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.06 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥352.3m (up 40% from 1Q 2020). Net income: CN¥38.5m (up 93% from 1Q 2020). Profit margin: 11% (up from 8.0% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 22
Full year 2020 earnings released: EPS CN¥0.47 (vs CN¥0.49 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.24b (up 7.1% from FY 2019). Net income: CN¥197.3m (up 11% from FY 2019). Profit margin: 16% (in line with FY 2019). Is New 90 Day High Low • Feb 03
New 90-day low: CN¥25.33 The company is down 14% from its price of CN¥29.41 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. Announcement • Jan 22
Suzhou Jinhong Gas Co., Ltd. to Report Fiscal Year 2020 Results on Mar 22, 2021 Suzhou Jinhong Gas Co., Ltd. announced that they will report fiscal year 2020 results on Mar 22, 2021 Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥30.53, the stock is trading at a trailing P/E ratio of 64.9x, up from the previous P/E ratio of 55.6x. This compares to an average P/E of 35x in the Chemicals industry in China. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥26.77 The company is down 26% from its price of CN¥36.19 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥28.30 The company is down 26% from its price of CN¥38.20 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Announcement • Oct 29
Suzhou Jinhong Gas Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Suzhou Jinhong Gas 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¥32.13 The company is down 16% from its price of CN¥38.11 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 Chemicals industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥32.73 The company is down 37% from its price of CN¥51.98 on 30 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 Chemicals industry, which is up 17% over the same period. Announcement • Jul 09
Suzhou Jinhong Gas Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Suzhou Jinhong Gas Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020