Announcement • Jun 30
Tianshan Material Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Tianshan Material Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Price Target Changed • Apr 07
Price target decreased by 31% to CN¥5.41 Down from CN¥7.83, the current price target is provided by 1 analyst. New target price is 11% above last closing price of CN¥4.87. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.01 next year compared to a net loss per share of CN¥1.03 last year. Announcement • Mar 31
Tianshan Material Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Tianshan Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: CN¥1.03 loss per share (vs CN¥0.075 loss in FY 2024) Full year 2025 results: CN¥1.03 loss per share (further deteriorated from CN¥0.075 loss in FY 2024). Revenue: CN¥74.5b (down 14% from FY 2024). Net loss: CN¥7.29b (loss widened CN¥6.69b from FY 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Tianshan Material Co., Ltd., Annual General Meeting, Apr 23, 2026 Tianshan Material Co., Ltd., Annual General Meeting, Apr 23, 2026, at 14:30 China Standard Time. Location: No. 70, Shiboguan Road, Pudong New Area, Shanghai China Announcement • Dec 31
Tianshan Material Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Tianshan Material Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 57% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥81.5b to CN¥76.5b. EPS estimate also fell from CN¥0.255 per share to CN¥0.11 per share. Net income forecast to shrink 2.8% next year vs 19% growth forecast for Basic Materials industry in China . Consensus price target down from CN¥7.83 to CN¥7.52. Share price fell 4.9% to CN¥5.96 over the past week. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.1% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
Tianshan Material Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Tianshan Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥7.24, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Basic Materials industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.46 per share. New Risk • Aug 22
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: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Announcement • Jul 02
Tianshan Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Tianshan Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Reported Earnings • Apr 27
First quarter 2025 earnings released: CN¥0.21 loss per share (vs CN¥0.22 loss in 1Q 2024) First quarter 2025 results: CN¥0.21 loss per share (improved from CN¥0.22 loss in 1Q 2024). Revenue: CN¥14.9b (down 8.6% from 1Q 2024). Net loss: CN¥1.49b (loss narrowed 22% from 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 16
Price target increased by 11% to CN¥7.88 Up from CN¥7.07, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥5.57. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.32 next year compared to a net loss per share of CN¥0.075 last year. Announcement • Mar 31
Tianshan Material Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Tianshan Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Reported Earnings • Mar 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.075 loss per share (down from CN¥0.23 profit in FY 2023). Revenue: CN¥87.0b (down 19% from FY 2023). Net loss: CN¥598.4m (down 131% from profit in FY 2023). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025 Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China Board Change • Feb 14
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. President & Non-Independent Director Xinjun Zhao is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 13
Tianshan Material Co., Ltd. Approves Management Appointments Tianshan Material Co., Ltd. at its Extraordinary General Meeting of 2025 held on 11 February 2025, approved election of Zhao Xinjun, Yu Yuehua, Fan Liting, Zhang Jiwu and Shen Jun as non-independent directors; election of Kong Weiping and Li Chen as independent director and election of Zhuang Qinxia, Du Guangyuan and Shang Deying as supervisors. Announcement • Dec 31
Tianshan Material Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 Tianshan Material Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Price Target Changed • Dec 19
Price target increased by 22% to CN¥7.07 Up from CN¥5.82, the current price target is an average from 3 analysts. New target price is 14% above last closing price of CN¥6.22. Stock is down 6.2% over the past year. The company is forecast to post earnings per share of CN¥0.11 for next year compared to CN¥0.23 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.011 loss in 3Q 2023) Third quarter 2024 results: CN¥0.044 loss per share (further deteriorated from CN¥0.011 loss in 3Q 2023). Revenue: CN¥21.8b (down 19% from 3Q 2023). Net loss: CN¥334.2m (loss widened 268% from 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Tianshan Material Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Tianshan Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Price Target Changed • Aug 29
Price target decreased by 9.0% to CN¥6.29 Down from CN¥6.92, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CN¥4.61. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.06 for next year compared to CN¥0.23 last year. Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.16 profit in 2Q 2023) Second quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.16 profit in 2Q 2023). Revenue: CN¥23.3b (down 25% from 2Q 2023). Net loss: CN¥1.49b (down 209% from profit in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Tianshan Material Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Tianshan Material Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 24
Dividend reduced to CN¥0.11 Dividend of CN¥0.11 is 58% lower than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.22 loss per share (vs CN¥0.14 loss in 1Q 2023) First quarter 2024 results: CN¥0.22 loss per share (further deteriorated from CN¥0.14 loss in 1Q 2023). Revenue: CN¥16.4b (down 27% from 1Q 2023). Net loss: CN¥1.92b (loss widened 56% from 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 30
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to CN¥6.44. The fair value is estimated to be CN¥8.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 74%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 171% in the next 2 years. Price Target Changed • Apr 02
Price target decreased by 10% to CN¥7.04 Down from CN¥7.83, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥6.97. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥0.18 for next year compared to CN¥0.23 last year. Announcement • Mar 30
Xinjiangtianshan Cement Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Xinjiangtianshan Cement Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 27
Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024 Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.53 in FY 2022). Revenue: CN¥107.4b (down 19% from FY 2022). Net income: CN¥1.97b (down 57% from FY 2022). Profit margin: 1.8% (down from 3.4% in FY 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to CN¥6.98. The fair value is estimated to be CN¥5.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Buy Or Sell Opportunity • Feb 05
Now 21% overvalued Over the last 90 days, the stock has fallen 6.4% to CN¥6.77. The fair value is estimated to be CN¥5.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Announcement • Jan 27
Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023 Xinjiang Tianshan Cement Co. Ltd. provided earnings guidance for the year ended December 31, 2023. For the period, the company expects net profit attributable to shareholders of the company of RMB 1,600.00 million to RMB 2,080.00 million, decrease as compared with the same period of last year: 64.78% to 54.21%. Net profit after deducting non-recurring gains or losses of RMB 500.00 million to RMB 1,000.00 million, decrease as compared with the same period of last year: 81.51% to 63.03%. Basic earnings per share of RMB 0.1847 to RMB 0.2401. Announcement • Dec 30
Xinjiangtianshan Cement Co.,Ltd to Report Fiscal Year 2023 Results on Mar 27, 2024 Xinjiangtianshan Cement Co.,Ltd announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Oct 29
Xinjiangtianshan Cement Co.,Ltd Announces Board Changes Xinjiangtianshan Cement Co.,Ltd announced the election of non-independent directors as follows:-Wang Bing and Yin Zhisong at its Extraordinary General Meeting held on 25 Oct. 2023. Reported Earnings • Oct 26
Third quarter 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.067 profit in 3Q 2022) Third quarter 2023 results: CN¥0.011 loss per share (down from CN¥0.067 profit in 3Q 2022). Revenue: CN¥26.9b (down 19% from 3Q 2022). Net loss: CN¥90.9m (down 116% from profit in 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Xinjiangtianshan Cement Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023 Xinjiangtianshan Cement Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023 Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥137.3b to CN¥129.3b. EPS estimate also fell from CN¥1.02 per share to CN¥0.80 per share. Net income forecast to grow 696% next year vs 77% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥9.48 to CN¥8.47. Share price fell 3.9% to CN¥7.82 over the past week. Price Target Changed • Aug 29
Price target decreased by 11% to CN¥8.47 Down from CN¥9.48, the current price target is an average from 4 analysts. New target price is 5.7% above last closing price of CN¥8.01. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.80 for next year compared to CN¥0.53 last year. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥31.1b (down 17% from 2Q 2022). Net income: CN¥1.37b (down 44% from 2Q 2022). Profit margin: 4.4% (down from 6.6% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Jul 13
Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Period from 1 January 2023 to 30 June 2023 Xinjiang Tianshan Cement Co. Ltd. provides earnings guidance for the period from 1 January 2023 to 30 June 2023. Net profit attributable to shareholders of Tianshan Cement of RMB 100.00 million to RMB 150.00 million. Basic earnings per share RMB 0.0115 to RMB 0.0173. Announcement • May 27
Xinjiangtianshan Cement Co.,Ltd Announces Final Dividend on share A for 2022, Payable on June 2, 2023 Xinjiangtianshan Cement Co.,Ltd announced final Cash dividend/10 shares (tax included): CNY 2.70000000 on share A for 2022. Record date: 01 June 2023, Ex-date: 02 June 2023, Payment date: 02 June 2023. Major Estimate Revision • Mar 28
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥159.6b to CN¥138.3b. EPS estimate fell from CN¥1.26 to CN¥0.86 per share. Net income forecast to grow 65% next year vs 53% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥11.43 to CN¥10.26. Share price fell 5.4% to CN¥8.91 over the past week. Price Target Changed • Mar 24
Price target decreased by 15% to CN¥9.76 Down from CN¥11.43, the current price target is an average from 3 analysts. New target price is 5.7% above last closing price of CN¥9.23. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥0.53 last year. Reported Earnings • Mar 22
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.53 (down from CN¥1.57 in FY 2021). Revenue: CN¥132.6b (down 22% from FY 2021). Net income: CN¥4.54b (down 64% from FY 2021). Profit margin: 3.4% (down from 7.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 17
Xinjiangtianshan Cement Co.,Ltd Approves Liu Yan as Non-Independent Directors Xinjiangtianshan Cement Co.,Ltd at its 5th Extraordinary General Meeting of 2022 on 15 November 2022, approved Liu Yan as non-independent directors. Price Target Changed • Nov 16
Price target decreased to CN¥13.24 Down from CN¥15.06, the current price target is an average from 3 analysts. New target price is 49% above last closing price of CN¥8.88. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥1.11 for next year compared to CN¥1.57 last year. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong 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 • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.42 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.067 (down from CN¥0.42 in 3Q 2021). Revenue: CN¥33.2b (down 71% from 3Q 2021). Net income: CN¥570.3m (down 94% from 3Q 2021). Profit margin: 1.7% (down from 8.0% in 3Q 2021). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 15% 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. Price Target Changed • Oct 22
Price target decreased to CN¥13.73 Down from CN¥15.06, the current price target is an average from 4 analysts. New target price is 60% above last closing price of CN¥8.59. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥1.29 for next year compared to CN¥1.57 last year. Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥169.6b to CN¥164.6b. EPS estimate also fell from CN¥1.49 per share to CN¥1.30 per share. Net income forecast to grow 29% next year vs 30% growth forecast for Basic Materials industry in China. Consensus price target broadly unchanged at CN¥14.92. Share price fell 10% to CN¥9.73 over the past week. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.63 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28. Revenue: CN¥37.2b (up CN¥34.1b from 2Q 2021). Net income: CN¥2.46b (up 271% from 2Q 2021). Profit margin: 6.6% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 16% growth forecast for the Basic Materials industry in China. Board Change • Jul 01
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong 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. Announcement • Jun 01
Xinjiangtianshan Cement Co.,Ltd Announces Final Cash Dividend on A Shares for 2021, Payable on 08 June 2022 Xinjiangtianshan Cement Co.,Ltd announced final cash dividend of CNY 3.30000000 per 10 shares on A shares for 2021. Record date is 07 June 2022, Ex-date is 08 June 2022 and Payment date is 08 June 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥28.3b (down 1.8% from 1Q 2021). Net income: CN¥1.02b (down 23% from 1Q 2021). Profit margin: 3.6% (down from 4.6% in 1Q 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 2.5%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Apr 19
Xinjiang Tianshan Cement Co., Ltd. Approves Cash Dividend for 2021 Xinjiang Tianshan Cement Co., Ltd. Approved cash dividend/10 shares (tax included) of CNY 3.30000000 for 2021 at the AGM held on April 15, 2022. Major Estimate Revision • Mar 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥11.0b to CN¥174.9b. EPS estimate fell from CN¥1.91 to CN¥1.79. Net income forecast to grow 14% next year vs 28% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥21.60 to CN¥16.18. Share price fell 6.1% to CN¥12.83 over the past week. Price Target Changed • Mar 22
Price target decreased to CN¥16.40 Down from CN¥22.50, the current price target is an average from 2 analysts. New target price is 24% above last closing price of CN¥13.26. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥1.59 for next year compared to CN¥1.45 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.45 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥114.3b (up CN¥111.8b from 3Q 2020). Net income: CN¥9.13b (up CN¥8.67b from 3Q 2020). Profit margin: 8.0% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥13.84, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.77, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 135% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.63 (vs CN¥0.67 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥3.13b (up 2.2% from 2Q 2020). Net income: CN¥663.1m (down 6.1% from 2Q 2020). Profit margin: 21% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 100% over the past three years. Board Change • Jul 31
High number of new directors Independent Director Xiangzhong Kong was the last director to join the board, commencing their role in 2021. Announcement • May 21
Xinjiang Tianshan Cement Co., Ltd. Implements A Shares Final Cash Distribution for 2020, Payable on 26 May 2021 Xinjiang Tianshan Cement Co., Ltd. implemented A shares final cash distribution of CNY 4.80000000 per 10 shares for 2020. Record date: 27 May 2021. Ex-date: 26 May 2021. Payment date: 26 May 2021. Reported Earnings • Apr 16
First quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.028 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥999.3m (up 87% from 1Q 2020). Net income: CN¥87.5m (up CN¥117.4m from 1Q 2020). Profit margin: 8.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS CN¥1.45 (vs CN¥1.56 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥8.69b (down 10% from FY 2019). Net income: CN¥1.52b (down 7.3% from FY 2019). Profit margin: 17% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue and earnings miss expectations Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 40%, compared to a 22% growth forecast for the Basic Materials industry in China. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥15.05, the stock is trading at a trailing P/E ratio of 9.9x, down from the previous P/E ratio of 11.8x. This compares to an average P/E of 15x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 39%. Is New 90 Day High Low • Mar 03
New 90-day high: CN¥18.01 The company is up 12% from its price of CN¥16.04 on 03 December 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Basic Materials industry, which is also up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.45 per share. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥16.16, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 15x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 61%. Is New 90 Day High Low • Feb 02
New 90-day low: CN¥14.48 The company is down 7.0% from its price of CN¥15.56 on 04 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 Basic Materials industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.74 per share. Announcement • Jan 22
Xinjiang Tianshan Cement Co., Ltd. to Report Fiscal Year 2020 Results on Mar 12, 2021 Xinjiang Tianshan Cement Co., Ltd. announced that they will report fiscal year 2020 results on Mar 12, 2021 Is New 90 Day High Low • Dec 28
New 90-day low: CN¥14.61 The company is down 17% from its price of CN¥17.67 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.76 per share. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 22% share price gain to CN¥18.68, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 100%. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥14.85 The company is down 18% from its price of CN¥18.02 on 24 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.83 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.60b, down 3.5% from the prior year. Total revenue was CN¥8.56b over the last 12 months, down 10% from the prior year. Announcement • Oct 20
Xinjiang Tianshan Cement Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Xinjiang Tianshan Cement Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Is New 90 Day High Low • Oct 14
New 90-day low: CN¥17.18 The company is down 2.0% from its price of CN¥17.53 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥69.29 per share. Announcement • Aug 11
Xinjiang Tianshan Cement Co., Ltd. announced a financing transaction Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) announced a private placement of not more than 314,616,887 shares, to not more than 35 investors, the shares will be priced at not less than 80% of the average price in the 20 trading days before the pricing reference date on August 7, 2020. The shares to be issued will have a hold period of 6 months from the closing. The transaction has been approved by the board of directors of the parent of the company. The transaction has also been approved by the board of directors of the company in its 26th meeting of it’s 7th directorate and the 13th meeting of it's 7th supervisory board. The transaction is still subject to state administration for market regulation’s review on business concentration anti-monopoly, state-owned assets supervision and administration department’s filing of the target assetes’ assessment reports, China National Building Material Co., Ltd.’s internal decision-making authority’s approval, second approval of the company’s directorate after the target assets’ audit and assessment work are completed, state-owned assets supervision and administration department’s approval of the official transaction, company’s shareholders’ approval of the official transaction, China Securities Regulatory Commission approval of the official transaction, other necessary approvals. Announcement • Aug 08
Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) signed Indicative Agreements to acquire stakes in South West Cement Company Limited and South Cement Company Limited. Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) signed Indicative Agreements to acquire stakes in South West Cement Company Limited and South Cement Company Limited on August 7, 2020. Under the terms, Xinjiang Tianshan will acquire 15.1% stake and 15.9% stake in South Cement and Southwest Cement respectively from independent sellers. The consideration will be paid by issuance of new shares of Xinjiang Tianshan. In related transactions, Xinjiang Tianshan will acquire stake in different companies from its parent China National Building Material Company Limited (SEHK : 3323) as a part of asset restructuring in the group. The indicative agreement will take effect upon fulfillment of various conditions applicable for the proposed restructuring. Announcement • Jul 24
Xinjiang Tianshan Cement Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Xinjiang Tianshan Cement Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020