Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.13 loss per share (vs CN¥0.052 loss in FY 2024) Full year 2025 results: CN¥0.13 loss per share (further deteriorated from CN¥0.052 loss in FY 2024). Revenue: CN¥2.00b (down 8.7% from FY 2024). Net loss: CN¥149.7m (loss widened 153% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Sinosteel Luonai Materials Technology Co., Ltd., Annual General Meeting, May 19, 2026 Sinosteel Luonai Materials Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan China Announcement • Mar 30
Sinosteel Luonai Materials Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Jan 12
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 Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 57% per year over the past 5 years. Announcement • Dec 26
Sinosteel Luonai Materials Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Dec 11
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 7.2% 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 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.009 loss per share (vs CN¥0 in 3Q 2024) Third quarter 2025 results: CN¥0.009 loss per share (further deteriorated from CN¥0 in 3Q 2024). Revenue: CN¥494.4m (down 3.2% from 3Q 2024). Net loss: CN¥9.94m (loss widened CN¥9.53m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Sinosteel Luonai Materials Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Sinosteel Luonai Materials Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.017 (vs CN¥0.008 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.017 (up from CN¥0.008 in 1Q 2024). Revenue: CN¥541.4m (up 1.6% from 1Q 2024). Net income: CN¥19.6m (up 117% from 1Q 2024). Profit margin: 3.6% (up from 1.7% in 1Q 2024). Announcement • Apr 29
Sinosteel Luonai Materials Technology Co., Ltd., Annual General Meeting, May 20, 2025 Sinosteel Luonai Materials Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 09:30 China Standard Time. Announcement • Mar 28
Sinosteel Luonai Materials Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 02
Full year 2024 earnings released: CN¥0.052 loss per share (vs CN¥0.062 profit in FY 2023) Full year 2024 results: CN¥0.052 loss per share (down from CN¥0.062 profit in FY 2023). Revenue: CN¥2.19b (down 13% from FY 2023). Net loss: CN¥59.1m (down 184% from profit in FY 2023). Announcement • Dec 27
Sinosteel Luonai Materials Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0 (vs CN¥0.01 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0 (down from CN¥0.01 in 3Q 2023). Revenue: CN¥510.9m (down 18% from 3Q 2023). Net loss: CN¥409.9k (down 104% from profit in 3Q 2023). Announcement • Sep 30
Sinosteel Luonai Materials Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.1% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 20% per year over the past 5 years. Announcement • Jun 28
Sinosteel Luonai Materials Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • May 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% 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 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Announcement • Apr 28
Sinosteel Luonai Materials Technology Co., Ltd., Annual General Meeting, May 16, 2024 Sinosteel Luonai Materials Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.026 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.008 (down from CN¥0.026 in 1Q 2023). Revenue: CN¥532.9m (down 23% from 1Q 2023). Net income: CN¥9.03m (down 69% from 1Q 2023). Profit margin: 1.7% (down from 4.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Announcement • Mar 29
Sinosteel Luonai Materials Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: CN¥0.062 (vs CN¥0.23 in FY 2022) Full year 2023 results: EPS: CN¥0.062 (down from CN¥0.23 in FY 2022). Revenue: CN¥2.51b (down 6.5% from FY 2022). Net income: CN¥70.0m (down 70% from FY 2022). Profit margin: 2.8% (down from 8.7% in FY 2022). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥3.62, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 22x in the Basic Materials industry in China. Total loss to shareholders of 45% over the past year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.06 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.06 in 3Q 2022). Revenue: CN¥624.9m (down 20% from 3Q 2022). Net income: CN¥11.3m (down 84% from 3Q 2022). Profit margin: 1.8% (down from 8.7% in 3Q 2022). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.035 (vs CN¥0.069 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.035 (down from CN¥0.069 in 2Q 2022). Revenue: CN¥679.3m (down 7.7% from 2Q 2022). Net income: CN¥39.6m (down 49% from 2Q 2022). Profit margin: 5.8% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Announcement • Jun 28
Sinosteel Luonai Materials Technology Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Sinosteel Luonai Materials Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.043 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.026 (down from CN¥0.043 in 1Q 2022). Revenue: CN¥691.0m (up 5.3% from 1Q 2022). Net income: CN¥29.4m (down 24% from 1Q 2022). Profit margin: 4.3% (down from 5.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.25 in FY 2021) Full year 2022 results: EPS: CN¥0.23. Revenue: CN¥2.69b (up 1.4% from FY 2021). Net income: CN¥232.6m (up 3.7% from FY 2021). Profit margin: 8.6% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Employee Supervisor Jianmin Zhu is the most experienced director on the board, commencing their role in 2020. Independent Director Dianli Xu 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 27
Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.074 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.06. Revenue: CN¥780.2m (up 17% from 3Q 2021). Net income: CN¥68.1m (up 2.1% from 3Q 2021). Profit margin: 8.7% (down from 10.0% in 3Q 2021). Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥7.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has declined by 15%. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.086. Net income: CN¥77.7m (up CN¥77.7m from 2Q 2021).