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949

Xinxiang Chemical Fiber SZSE:000949 Stock Report

Last Price

CN¥3.15

Market Cap

CN¥4.6b

7D

-6.5%

1Y

-47.7%

Updated

29 Sep, 2022

Data

Company Financials
949 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

949 Stock Overview

Xinxiang Chemical Fiber Co., Ltd. produces and sells chemical fiber products in China.

Xinxiang Chemical Fiber Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Xinxiang Chemical Fiber
Historical stock prices
Current Share PriceCN¥3.15
52 Week HighCN¥7.52
52 Week LowCN¥3.15
Beta0.81
1 Month Change-12.98%
3 Month Change-14.17%
1 Year Change-47.67%
3 Year Change-17.54%
5 Year Change-29.69%
Change since IPO-34.45%

Recent News & Updates

Shareholder Returns

949CN ChemicalsCN Market
7D-6.5%-5.4%-2.9%
1Y-47.7%-20.3%-17.3%

Return vs Industry: 000949 underperformed the CN Chemicals industry which returned -20.3% over the past year.

Return vs Market: 000949 underperformed the CN Market which returned -17.3% over the past year.

Price Volatility

Is 949's price volatile compared to industry and market?
949 volatility
949 Average Weekly Movement4.9%
Chemicals Industry Average Movement6.1%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 000949 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 000949's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a8,848Deshun Songhttps://www.bailu.com

Xinxiang Chemical Fiber Co., Ltd. produces and sells chemical fiber products in China. Its products include cellulose filament and spandex yarns; functional fibers, such as negative ion, aloe, protein, and seashell; differentiated fibers, including colored silk, fantasy silk, and fine denier; and photochromic fiber, thermochromic fiber, intellectualized thermoregulation fiber, antibacterial fiber, anti-mite fiber, anti-bacterial fiber, etc. The company exports its products to approximately 30 countries and regions, including Germany, Italy, Japan, South Korea, and India. Xinxiang Chemical Fiber Co., Ltd.

Xinxiang Chemical Fiber Fundamentals Summary

How do Xinxiang Chemical Fiber's earnings and revenue compare to its market cap?
949 fundamental statistics
Market CapCN¥4.62b
Earnings (TTM)CN¥636.88m
Revenue (TTM)CN¥8.58b

7.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
949 income statement (TTM)
RevenueCN¥8.58b
Cost of RevenueCN¥6.80b
Gross ProfitCN¥1.78b
Other ExpensesCN¥1.14b
EarningsCN¥636.88m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.43
Gross Margin20.71%
Net Profit Margin7.42%
Debt/Equity Ratio65.5%

How did 949 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 949 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 949?

Other financial metrics that can be useful for relative valuation.

949 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA3.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 949's PE Ratio compare to its peers?

949 PE Ratio vs Peers
The above table shows the PE ratio for 949 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32x
603002 Epoxy Base Electronic Material
7.1xn/aCN¥4.8b
603330 Shanghai Tianyang Hot Melt Adhesives
58.2x81.7%CN¥4.3b
300829 Henan Jindan Lactic Acid Technology
28.6xn/aCN¥4.3b
301149 Shandong Longhua New Material
33.8xn/aCN¥5.2b
000949 Xinxiang Chemical Fiber
7.3xn/aCN¥4.6b

Price-To-Earnings vs Peers: 000949 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (32x).


Price to Earnings Ratio vs Industry

How does 949's PE Ratio compare vs other companies in the CN Chemicals Industry?

Price-To-Earnings vs Industry: 000949 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the CN Chemicals industry average (25.4x)


Price to Earnings Ratio vs Fair Ratio

What is 949's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

949 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 000949's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 949 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 000949 (CN¥3.15) is trading above our estimate of fair value (CN¥1.19)

Significantly Below Fair Value: 000949 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Xinxiang Chemical Fiber forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.5%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Xinxiang Chemical Fiber has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Xinxiang Chemical Fiber performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


63.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 000949 has high quality earnings.

Growing Profit Margin: 000949's current net profit margins (7.4%) are lower than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: 000949's earnings have grown significantly by 63.4% per year over the past 5 years.

Accelerating Growth: 000949's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 000949 had negative earnings growth (-19.7%) over the past year, making it difficult to compare to the Chemicals industry average (16.1%).


Return on Equity

High ROE: 000949's Return on Equity (10.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Xinxiang Chemical Fiber's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 000949's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.4B).

Long Term Liabilities: 000949's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥2.5B).


Debt to Equity History and Analysis

Debt Level: 000949's net debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: 000949's debt to equity ratio has increased from 50.7% to 65.5% over the past 5 years.

Debt Coverage: 000949's debt is well covered by operating cash flow (24%).

Interest Coverage: 000949's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


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Dividend

What is Xinxiang Chemical Fiber current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.17%

Current Dividend Yield

Dividend Yield vs Market

Xinxiang Chemical Fiber Dividend Yield vs Market
How does Xinxiang Chemical Fiber dividend yield compare to the market?
SegmentDividend Yield
Company (Xinxiang Chemical Fiber)3.2%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.1%
Industry Average (Chemicals)1.8%
Analyst forecast in 3 Years (Xinxiang Chemical Fiber)n/a

Notable Dividend: 000949's dividend (3.17%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).

High Dividend: 000949's dividend (3.17%) is in the top 25% of dividend payers in the CN market (2.13%)


Stability and Growth of Payments

Stable Dividend: 000949 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 000949's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.1%), 000949's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 000949 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.7yrs

Average board tenure


CEO

Deshun Song (59 yo)

9.67yrs

Tenure

CN¥406,400

Compensation

Mr. Song Deshun serves as a General Manager at Xinxiang Chemical Fiber Co., Ltd. Mr. Deshun serves as a Vice-Chairman of the Board of Directors at Xinxiang Chemical Fiber Co., Ltd and has been its Director...


Board Members

Experienced Board: 000949's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 949?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders2,747,3970.2%
Institutions258,159,86117.6%
Private Companies464,321,07931.7%
General Public741,499,44150.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 35.57% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.17%
Xinxiang Bailu Investment Group Co., Ltd.
442,507,079CN¥1.4b0%no data
1.77%
Harvest Fund Management Co., Ltd.
26,000,000CN¥81.9m0%0.04%
0.89%
Xinxiang State-owned Assets Management Company.
13,026,000CN¥41.0m0%no data
0.6%
Hangzhou Huifeng Chemical Fiber Co., Ltd.
8,788,000CN¥27.7m0%no data
0.48%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
7,089,668CN¥22.3m0%no data
0.4%
UBS Asset Management
5,868,160CN¥18.5m0%no data
0.3%
Shandong Finance Venture Capital Co., Ltd.
4,430,379CN¥14.0m0%no data
0.25%
UOB Asset Management Ltd
3,649,099CN¥11.5m0%0.11%
0.25%
The Vanguard Group, Inc.
3,637,949CN¥11.5m7.47%no data
0.14%
Yi Ding Xia
2,105,400CN¥6.6m0%no data
0.075%
Dimensional Fund Advisors LP
1,097,906CN¥3.5m15.85%no data
0.045%
Chang Xin Asset Management Co., Ltd
665,600CN¥2.1m0%0.01%
0.033%
Manulife Teda Fund Management Co., Ltd.
478,900CN¥1.5m0%0.01%
0.032%
China Merchants Fund Management Co.,Ltd.
476,300CN¥1.5m0%no data
0.028%
Galaxy Asset Management Company Limited
404,300CN¥1.3m0%no data
0.027%
China Fund Management Co., Ltd.
401,600CN¥1.3m0%0.02%
0.015%
Huatai-PineBridge Fund Management Company Limited
226,400CN¥713.2k0%no data
0.011%
Changjin Shao
154,218CN¥485.8k0%no data
0.0092%
Bosera Asset Management Co., Ltd.
134,300CN¥423.0k0%no data
0.0086%
Penghua Fund Management Co. Ltd.
126,700CN¥399.1k0%no data
0.0083%
CCB Principal Asset Management Co., Ltd.
121,500CN¥382.7k0%no data
0.0082%
Tao Fu
120,904CN¥380.8k0%no data
0.0072%
Wanjia Asset Management Co., Ltd.
105,800CN¥333.3k0%no data
0.0061%
Deshun Song
90,000CN¥283.5k0%no data
0.0053%
Zheshang Fund Management Co., Ltd.
77,900CN¥245.4k0%no data

Company Information

Xinxiang Chemical Fiber Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Xinxiang Chemical Fiber Co., Ltd.
  • Ticker: 949
  • Exchange: SZSE
  • Founded: NaN
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CN¥4.620b
  • Shares outstanding: 1.47b
  • Website: https://www.bailu.com

Number of Employees


Location

  • Xinxiang Chemical Fiber Co., Ltd.
  • South Side Of Xinchang Road
  • Eco & Tech Development Zone
  • Xinxiang
  • Henan Province
  • 453006
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
949SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYOct 1999
949XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYOct 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.