Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.66, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 35x in the Metals and Mining industry in China. Total returns to shareholders of 132% over the past three years. Announcement • May 30
North Copper Co., Ltd. Approves Cash Dividend on (A Shares) for 2025 North Copper Co., Ltd. at its Annual General Meeting held on 27 May 2026, approved cash dividend of CNY 1.40000000 per 10 shares (A shares) (tax included) for 2025. New Risk • Apr 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.4% 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 (1.4% operating cash flow to total debt). Earnings have declined by 3.7% 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. Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.35 in FY 2024) Full year 2025 results: EPS: CN¥0.41 (up from CN¥0.35 in FY 2024). Revenue: CN¥27.9b (up 16% from FY 2024). Net income: CN¥790.6m (up 29% from FY 2024). Profit margin: 2.8% (up from 2.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
North Copper Co., Ltd., Annual General Meeting, May 27, 2026 North Copper Co., Ltd., Annual General Meeting, May 27, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yuanqu County, Shanxi China Announcement • Mar 31
North Copper Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 North Copper Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.50, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 40x in the Metals and Mining industry in China. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.65, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 49x in the Metals and Mining industry in China. Total returns to shareholders of 189% over the past three years. New Risk • Feb 02
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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.94, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 47x in the Metals and Mining industry in China. Total returns to shareholders of 195% over the past three years. Announcement • Dec 31
North Copper Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 North Copper Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.049 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.049 in 3Q 2024). Revenue: CN¥7.16b (up 25% from 3Q 2024). Net income: CN¥202.1m (up 134% from 3Q 2024). Profit margin: 2.8% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.96, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 37x in the Metals and Mining industry in China. Total returns to shareholders of 226% over the past three years. Announcement • Sep 30
North Copper Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 North Copper Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.96, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 38x in the Metals and Mining industry in China. Total returns to shareholders of 179% over the past three years. New Risk • Aug 25
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 6.7% 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 (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.061 (vs CN¥0.13 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.061 (down from CN¥0.13 in 2Q 2024). Revenue: CN¥5.97b (down 14% from 2Q 2024). Net income: CN¥116.0m (down 48% from 2Q 2024). Profit margin: 1.9% (down from 3.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% 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 • Jul 02
North Copper Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 North Copper Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.31, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 65% over the past three years. Announcement • May 18
North Copper Co., Ltd. Approves Cash Dividend for 2024 North Copper Co., Ltd. at its Annual General Meeting held on 15 May 2025, approved cash dividend of CNY 1.10000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.35 in FY 2023) Full year 2024 results: EPS: CN¥0.35 (down from CN¥0.35 in FY 2023). Revenue: CN¥24.1b (up 159% from FY 2023). Net income: CN¥612.8m (down 1.0% from FY 2023). Profit margin: 2.5% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses. 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 15% per year, which means it is well ahead of earnings. Announcement • Apr 25
North Copper Co., Ltd., Annual General Meeting, May 15, 2025 North Copper Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yuanqu County, Shanxi China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥8.22, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total returns to shareholders of 35% over the past three years. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% 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 (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Announcement • Mar 31
North Copper Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 North Copper Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.82, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total returns to shareholders of 83% over the past three years. Announcement • Jan 25
North Copper Co., Ltd. Announces Directors Appointments North Copper Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 23 January 2025, were approved; Lv Renjie as non-independent director, Wang Xiaoliang, independent director and Wang Xiaozheng, non-employee supervisor. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.90, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 30% over the past three years. Announcement • Dec 31
North Copper Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 North Copper Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Oct 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.06% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.42, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 24x in the Metals and Mining industry in China. Total returns to shareholders of 25% over the past three years. Announcement • Sep 30
North Copper Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 North Copper Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.065 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.065 in 2Q 2023). Revenue: CN¥6.91b (up 255% from 2Q 2023). Net income: CN¥224.5m (up 96% from 2Q 2023). Profit margin: 3.2% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.57, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 19% over the past three years. Announcement • Jun 29
North Copper Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 North Copper Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.22, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.60, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 67% over the past three years. New Risk • May 08
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 12% 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • May 06
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Apr 28
North Copper Co., Ltd., Annual General Meeting, May 22, 2024 North Copper Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yuanqu County, Shanxi China Agenda: To approve 2023 work report of the board of directors; to approve 2023 work report of the supervisory committee; to approve 2023 annual report and its summary; to approve 2023 annual accounts report; to approve 2024 financial budget report; to approve 2023 profit distribution plan; and to launch monetary financial derivative hedging business. Announcement • Apr 27
North Copper Co., Ltd. Proposes Final Cash Dividend for the Year 2023 North Copper Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 1.00000000 for the year 2023. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in FY 2022). Revenue: CN¥9.32b (down 13% from FY 2022). Net income: CN¥618.8m (up 1.4% from FY 2022). Profit margin: 6.6% (up from 5.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.36, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total returns to shareholders of 46% over the past three years. New Risk • Apr 02
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 10% 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 (12% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥9.81, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 69% over the past three years. Announcement • Mar 30
North Copper Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 North Copper Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.81, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥4.61, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Dec 29
North Copper Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 North Copper Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Board Change • Nov 29
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Shareholder Supervisor Weigang Jia is the most experienced director on the board, commencing their role in 2019. Independent Director Yingkui Li was the last independent director to join the board, commencing their role in 2021. 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 • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.032 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.032 in 3Q 2022). Revenue: CN¥2.44b (up 4.7% from 3Q 2022). Net income: CN¥201.6m (up 258% from 3Q 2022). Profit margin: 8.3% (up from 2.4% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.15 in 1Q 2022). Revenue: CN¥2.59b (down 18% from 1Q 2022). Net income: CN¥203.6m (down 24% from 1Q 2022). Profit margin: 7.9% (down from 8.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.49 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥0.49 in FY 2021). Revenue: CN¥10.7b (up 7.2% from FY 2021). Net income: CN¥610.0m (down 27% from FY 2021). Profit margin: 5.7% (down from 8.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.02, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥5.57, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 109% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.015 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.032 (up from CN¥0.015 loss in 3Q 2021). Revenue: CN¥2.33b (up CN¥2.09b from 3Q 2021). Net income: CN¥56.3m (up CN¥64.1m from 3Q 2021). Profit margin: 2.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
North Copper Co., Ltd. (SZSE:000737) signed an equity acquisition agreement to acquire Shanxi North Copper New Material Technology Co., Ltd. from Zhongtiaoshan Non-ferrous Metals Group Co., Ltd for approximately CNY 358 million. North Copper Co., Ltd. (SZSE:000737) signed an equity acquisition agreement to acquire Shanxi North Copper New Material Technology Co., Ltd. from Zhongtiaoshan Non-ferrous Metals Group Co., Ltd for approximately CNY 358 million on October 10, 2022. The transaction is approved by the Board of Directors of North Copper Co., Ltd. (SZSE:000737) unanimously on October 12, 2022. The transaction is subject to Shareholders approval. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.011 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.011 in 2Q 2021). Revenue: CN¥2.63b (up CN¥2.35b from 2Q 2021). Net income: CN¥255.0m (up CN¥249.3m from 2Q 2021). Profit margin: 9.7% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.13 in 1Q 2021). Revenue: CN¥3.17b (up 37% from 1Q 2021). Net income: CN¥268.3m (up 19% from 1Q 2021). Profit margin: 8.5% (down from 9.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥5.84, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 67% over the past three years. Announcement • Apr 24
North Copper (Shanxi) Co., Ltd., Annual General Meeting, May 12, 2022 North Copper (Shanxi) Co., Ltd., Annual General Meeting, May 12, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider reappointment of 2022 audit firm; other to consider other matters. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: CN¥0.49 (vs CN¥0.17 in FY 2020) Full year 2021 results: EPS: CN¥0.49 (up from CN¥0.17 in FY 2020). Revenue: CN¥9.96b (up CN¥8.84b from FY 2020). Net income: CN¥837.9m (up CN¥746.6m from FY 2020). Profit margin: 8.4% (up from 8.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Apr 20
North Copper (Shanxi) Co., Ltd. to Report Fiscal Year 2021 Final Results on Apr 21, 2022 North Copper (Shanxi) Co., Ltd. announced that they will report fiscal year 2021 final results on Apr 21, 2022 Reported Earnings • Oct 23
Third quarter 2021 earnings released: CN¥0.015 loss per share (vs CN¥0.01 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥244.1m (down 16% from 3Q 2020). Net loss: CN¥7.84m (down 240% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.014 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥271.7m (down 9.8% from 2Q 2020). Net income: CN¥4.83m (down 38% from 2Q 2020). Profit margin: 1.8% (down from 2.6% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.16 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥285.2m (up 20% from 1Q 2020). Net income: CN¥5.02m (down 94% from 1Q 2020). Profit margin: 1.8% (down from 36% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Mar 11
Nafine Chemical Industry Group Co.,Ltd, Annual General Meeting, Mar 30, 2021 Nafine Chemical Industry Group Co.,Ltd, Annual General Meeting, Mar 30, 2021, at 14:30 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual report and its summary; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider Reappointment of audit firm; to consider 2021 estimated continuing connected transactions; and to consider Continuing connected transactions. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.088 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.13b (down 7.3% from FY 2019). Net income: CN¥91.4m (up CN¥139.9m from FY 2019). Profit margin: 8.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.03, the stock is trading at a trailing P/E ratio of 57.1x, up from the previous P/E ratio of 49.3x. This compares to an average P/E of 22x in the Household Products industry in Asia. Total returns to shareholders over the past three years are 21%. Is New 90 Day High Low • Feb 22
New 90-day high: CN¥5.03 The company is up 26% from its price of CN¥3.98 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is up 4.0% over the same period. Announcement • Jan 23
Nafine Chemical Industry Group Co.,Ltd (SZSE:000737) agreed to acquire remaining 79.4% stake in Northern Copper Industry Co. Ltd. Nafine Chemical Industry Group Co.,Ltd (SZSE:000737) agreed to acquire remaining 79.4% stake in Northern Copper Industry Co. Ltd on January 22, 2021. Under the terms of transaction, Nafine will pay consideration via asset swap, cash and shares issue. Nafine aims to raise up to CNY 500 million in private placement of shares to fund the acquisition, repay bank loans. Announcement • Jan 22
Nafine Chemical Industry Group Co.,Ltd to Report Fiscal Year 2020 Results on Mar 10, 2021 Nafine Chemical Industry Group Co.,Ltd announced that they will report fiscal year 2020 results on Mar 10, 2021 Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 16% share price gain to CN¥4.72, the stock is trading at a trailing P/E ratio of 53.6x, up from the previous P/E ratio of 46.3x. This compares to an average P/E of 19x in the Household Products industry in Asia. Total return to shareholders over the past three years is a loss of 6.9%. Is New 90 Day High Low • Dec 02
New 90-day high: CN¥4.08 The company is up 10.0% from its price of CN¥3.71 on 03 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is down 6.0% over the same period. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥48.8m, down 89% from the prior year. Total revenue was CN¥1.12b over the last 12 months, down 9.0% from the prior year. Announcement • Oct 16
Nafine Chemical Industry Group Co.,Ltd to Report Q3, 2020 Results on Oct 22, 2020 Nafine Chemical Industry Group Co.,Ltd announced that they will report Q3, 2020 results on Oct 22, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥3.99 The company is up 24% from its price of CN¥3.23 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is down 11% over the same period. Announcement • Jul 19
Nafine Chemical Industry Group Co.,Ltd to Report First Half, 2020 Results on Aug 13, 2020 Nafine Chemical Industry Group Co.,Ltd announced that they will report first half, 2020 results on Aug 13, 2020