New Risk • May 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 8.1% 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 Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Apr 29
GRIPM Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026 GRIPM Advanced Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: Building 1, No. 3, Yanqi Road, Yanqi Economic Development Zone, Huairou District, Beijing China Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.29 (vs CN¥0.10 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.29 (up from CN¥0.10 in 1Q 2025). Revenue: CN¥1.27b (up 59% from 1Q 2025). Net income: CN¥30.3m (up 193% from 1Q 2025). Profit margin: 2.4% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% 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 • Mar 30
GRIPM Advanced Materials Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 GRIPM Advanced Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.57 in FY 2024) Full year 2025 results: EPS: CN¥0.68 (up from CN¥0.57 in FY 2024). Revenue: CN¥3.90b (up 21% from FY 2024). Net income: CN¥70.9m (up 19% from FY 2024). Profit margin: 1.8% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Announcement • Dec 26
GRIPM Advanced Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 GRIPM Advanced Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Dec 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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.11 in 3Q 2024). Revenue: CN¥1.06b (up 25% from 3Q 2024). Net income: CN¥15.9m (up 45% from 3Q 2024). Profit margin: 1.5% (up from 1.3% in 3Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. 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 14% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 24% 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 24% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
GRIPM Advanced Materials Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 GRIPM Advanced Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.19 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.19 in 2Q 2024). Revenue: CN¥994.4m (up 17% from 2Q 2024). Net income: CN¥25.4m (up 30% from 2Q 2024). Profit margin: 2.6% (up from 2.3% in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Jun 30
GRIPM Advanced Materials Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 GRIPM Advanced Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 15
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 41% over the next year, which should provide support to the dividend and adequate earnings cover. Board Change • May 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Xuanhui Qu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 06
GRIPM Advanced Materials Co., Ltd., Annual General Meeting, May 27, 2025 GRIPM Advanced Materials Co., Ltd., Annual General Meeting, May 27, 2025, at 15:00 China Standard Time. Location: Block D, No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.09 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.09 in 1Q 2024). Revenue: CN¥795.7m (up 20% from 1Q 2024). Net income: CN¥10.3m (up 5.7% from 1Q 2024). Profit margin: 1.3% (down from 1.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China. 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 17% per year, which means it is well ahead of earnings. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 29% 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 29% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥30.60, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total returns to shareholders of 29% over the past three years. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 20% 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 20% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 28
GRIPM Advanced Materials Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 GRIPM Advanced Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Feb 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.57 (up from CN¥0.53 in FY 2023). Revenue: CN¥3.23b (up 20% from FY 2023). Net income: CN¥58.6m (up 6.3% from FY 2023). Profit margin: 1.8% (down from 2.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining 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 increased by 9% per year, which means it is well ahead of earnings. Announcement • Dec 27
GRIPM Advanced Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 GRIPM Advanced Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.081 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.081 in 3Q 2023). Revenue: CN¥845.0m (up 14% from 3Q 2023). Net income: CN¥11.0m (up 30% from 3Q 2023). Profit margin: 1.3% (up from 1.1% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥28.47, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 4.2% over the past three years. Announcement • Sep 30
GRIPM Advanced Materials Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 GRIPM Advanced Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥30.86, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 16% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (in line with 2Q 2023). Revenue: CN¥852.2m (up 29% from 2Q 2023). Net income: CN¥19.6m (up 3.0% from 2Q 2023). Profit margin: 2.3% (down from 2.9% in 2Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 43% 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 • Jul 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥30.97, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 6.3% over the past three years. Announcement • Jun 29
GRIPM Advanced Materials Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 GRIPM Advanced Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥25.21, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 9.2% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥37.77, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 36% over the past three years. New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 177% 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 Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥35.12, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 33% over the past three years. Announcement • May 08
GRIPM Advanced Materials Co., Ltd., Annual General Meeting, May 27, 2024 GRIPM Advanced Materials Co., Ltd., Annual General Meeting, May 27, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.53 (in line with FY 2022). Revenue: CN¥2.68b (down 3.6% from FY 2022). Net income: CN¥55.1m (flat on FY 2022). Profit margin: 2.1% (up from 2.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 21% p.a. on average during the next 2 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 fallen by 51% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
GRIPM Advanced Materials Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 GRIPM Advanced Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥27.05, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 25% over the past three years. 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 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 39% over the past year. New Risk • Nov 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 164% 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. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.081 (vs CN¥0.057 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.081 (up from CN¥0.057 in 3Q 2022). Revenue: CN¥738.4m (up 30% from 3Q 2022). Net income: CN¥8.45m (up 46% from 3Q 2022). Profit margin: 1.1% (up from 1.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. New Risk • Aug 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 76% 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. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.16 in 2Q 2022). Revenue: CN¥660.4m (down 18% from 2Q 2022). Net income: CN¥19.0m (up 11% from 2Q 2022). Profit margin: 2.9% (up from 2.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. New Risk • Jul 03
New major risk - Revenue and earnings growth Earnings have declined by 4.8% 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 4.8% 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 (1.9% net profit margin). Announcement • Jun 28
GRIPM Advanced Materials Co., Ltd. to Report Q2, 2023 Results on Aug 19, 2023 GRIPM Advanced Materials Co., Ltd. announced that they will report Q2, 2023 results on Aug 19, 2023 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥32.58, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 29% over the past year. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥28.20, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥34.50, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 2.2% over the past year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥25.93, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total loss to shareholders of 12% over the past year. Announcement • Feb 25
GRIMP Advanced Materials Co., Ltd. announced that it expects to receive CNY 81.879 million in funding GRIMP Advanced Materials Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 81,879,000 on February 23, 2022. The transaction was approved by the board of directors of GRIMP Advanced Materials Co., Ltd at its first interim meeting of the second board of directors and the first interim meeting of the second board of supervisors. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥36.48, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 31x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥33.14, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 29x in the Metals and Mining industry in China.