Announcement • Jun 30
Dymatic Chemicals,Inc. to Report First Half, 2026 Results on Aug 24, 2026 Dymatic Chemicals,Inc. announced that they will report first half, 2026 results on Aug 24, 2026 Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.098 (vs CN¥0.067 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.098 (up from CN¥0.067 in 1Q 2025). Revenue: CN¥852.2m (up 24% from 1Q 2025). Net income: CN¥47.1m (up 49% from 1Q 2025). Profit margin: 5.5% (up from 4.6% 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 55% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 27
Dividend of CN¥0.07 announced Dividend of CN¥0.07 is the same as last year. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.4% EPS decline seen over the last 5 years. Announcement • Mar 31
Dymatic Chemicals,Inc. to Report Q1, 2026 Results on Apr 30, 2026 Dymatic Chemicals,Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 22% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.13 in FY 2024) Full year 2025 results: EPS: CN¥0.25 (up from CN¥0.13 in FY 2024). Revenue: CN¥3.00b (down 1.9% from FY 2024). Net income: CN¥118.2m (up 94% from FY 2024). Profit margin: 3.9% (up from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Dymatic Chemicals,Inc., Annual General Meeting, Apr 20, 2026 Dymatic Chemicals,Inc., Annual General Meeting, Apr 20, 2026, at 15:00 China Standard Time. Location: Building E, No. 7, Rongli Jianfeng Road, Ronggui Subdistrict, Shunde, Foshan, Guangdong China Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥11.06, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 49x in the Chemicals industry in China. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.81, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 47x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 31
Dymatic Chemicals,Inc. to Report Fiscal Year 2025 Results on Mar 31, 2026 Dymatic Chemicals,Inc. announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Dec 16
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 7.3% 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 Interest payments are not well covered by earnings (2.9x net interest cover). Earnings have declined by 25% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.025 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.071 (up from CN¥0.025 in 3Q 2024). Revenue: CN¥785.4m (flat on 3Q 2024). Net income: CN¥33.3m (up 180% from 3Q 2024). Profit margin: 4.2% (up from 1.5% in 3Q 2024). 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 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.96, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 42x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Announcement • Sep 30
Dymatic Chemicals,Inc. to Report Q3, 2025 Results on Oct 24, 2025 Dymatic Chemicals,Inc. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.034 (vs CN¥0.049 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.034 (down from CN¥0.049 in 2Q 2024). Revenue: CN¥782.3m (down 3.6% from 2Q 2024). Net income: CN¥16.2m (down 30% from 2Q 2024). Profit margin: 2.1% (down from 2.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Dymatic Chemicals,Inc. to Report First Half, 2025 Results on Aug 22, 2025 Dymatic Chemicals,Inc. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Apr 25
Dymatic Chemicals,Inc. Approves Final Cash Dividend on A Shares for 2024, Payable on 30 April 2025 Dymatic Chemicals,Inc. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.70000000 per 10 A shares (tax included) for 2024. Record date: 29 April 2025. Ex-date: 30 April 2025. Payment date: 30 April 2025. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.40, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 33x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Apr 01
Dymatic Chemicals,Inc. Announces Profit Distribution Proposal for the Year 2024 Dymatic Chemicals,Inc. announced profit distribution proposal final Cash dividend/10 shares (tax included) is CNY 0.70000 for the year 2024. Announcement • Mar 31
Dymatic Chemicals,Inc. to Report Q1, 2025 Results on Apr 30, 2025 Dymatic Chemicals,Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.063 in FY 2023) Full year 2024 results: EPS: CN¥0.13 (up from CN¥0.063 in FY 2023). Revenue: CN¥3.06b (flat on FY 2023). Net income: CN¥61.0m (up 101% from FY 2023). Profit margin: 2.0% (up from 1.0% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Dymatic Chemicals,Inc., Annual General Meeting, Apr 21, 2025 Dymatic Chemicals,Inc., Annual General Meeting, Apr 21, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Announcement • Dec 31
Dymatic Chemicals,Inc. to Report Fiscal Year 2024 Results on Mar 29, 2025 Dymatic Chemicals,Inc. announced that they will report fiscal year 2024 results on Mar 29, 2025 Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥6.29, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 27% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.032 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.032 in 3Q 2023). Revenue: CN¥783.8m (down 5.0% from 3Q 2023). Net income: CN¥11.9m (down 22% from 3Q 2023). Profit margin: 1.5% (down from 1.9% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Dymatic Chemicals,Inc. to Report Q3, 2024 Results on Oct 31, 2024 Dymatic Chemicals,Inc. 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 21% After last week's 21% share price gain to CN¥5.49, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 39% over the past three years. New Risk • Aug 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 69% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 14% 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 • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.054 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.049 (down from CN¥0.054 in 2Q 2023). Revenue: CN¥811.8m (flat on 2Q 2023). Net income: CN¥23.2m (down 11% from 2Q 2023). Profit margin: 2.9% (down from 3.2% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Dymatic Chemicals,Inc. to Report First Half, 2024 Results on Aug 30, 2024 Dymatic Chemicals,Inc. announced that they will report first half, 2024 results on Aug 30, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥4.92, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 53% over the past three years. Declared Dividend • May 11
Dividend of CN¥0.07 announced Dividend of CN¥0.07 is the same as last year. Ex-date: 15th May 2024 Payment date: 15th May 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (63% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 29% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years. Announcement • May 11
Dymatic Chemicals,Inc. Announces Final Profit Distribution Plan to Be Implemented (A Shares) for the Year 2023, Payable on 15 May 2024 Dymatic Chemicals,Inc. announced final profit distribution plan to be implemented (A shares) of CNY 0.70000000 per 10 shares (tax included) for the year 2023. Dividend payable on 15 May 2024, record date of 14 May 2024 and ex-date of 15 May 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.01 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.037 (up from CN¥0.01 loss in 1Q 2023). Revenue: CN¥679.9m (down 4.8% from 1Q 2023). Net income: CN¥17.7m (up CN¥22.8m from 1Q 2023). Profit margin: 2.6% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥4.68, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 54% over the past three years. Announcement • Mar 30
Dymatic Chemicals,Inc., Annual General Meeting, Apr 22, 2024 Dymatic Chemicals,Inc., Annual General Meeting, Apr 22, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.063 (vs CN¥0.18 in FY 2022) Full year 2023 results: EPS: CN¥0.063 (down from CN¥0.18 in FY 2022). Revenue: CN¥3.08b (down 6.0% from FY 2022). Net income: CN¥30.3m (down 65% from FY 2022). Profit margin: 1.0% (down from 2.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Dymatic Chemicals,Inc. to Report Q1, 2024 Results on Apr 30, 2024 Dymatic Chemicals,Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
Dymatic Chemicals,Inc. to Report Fiscal Year 2023 Results on Mar 30, 2024 Dymatic Chemicals,Inc. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.032 (vs CN¥0.07 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.032 (down from CN¥0.07 in 3Q 2022). Revenue: CN¥824.9m (up 27% from 3Q 2022). Net income: CN¥15.3m (down 55% from 3Q 2022). Profit margin: 1.9% (down from 5.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% 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. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.054 (vs CN¥0.076 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.054 (down from CN¥0.076 in 2Q 2022). Revenue: CN¥810.4m (up 20% from 2Q 2022). Net income: CN¥26.1m (down 29% from 2Q 2022). Profit margin: 3.2% (down from 5.5% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 12
Dymatic Chemicals,Inc. (SZSE:002054) announces an Equity Buyback for CNY 100 million worth of its shares. Dymatic Chemicals,Inc. (SZSE:002054) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common stock. The program will be valid for 12 months. Upcoming Dividend • May 03
Upcoming dividend of CN¥0.07 per share at 1.0% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 10 May 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (1.9%). Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.09 profit in 1Q 2022) First quarter 2023 results: CN¥0.01 loss per share (down from CN¥0.09 profit in 1Q 2022). Revenue: CN¥713.9m (up 42% from 1Q 2022). Net loss: CN¥5.07m (down 112% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.43 in FY 2021) Full year 2022 results: EPS: CN¥0.18 (down from CN¥0.43 in FY 2021). Revenue: CN¥3.28b (up 64% from FY 2021). Net income: CN¥86.8m (down 58% from FY 2021). Profit margin: 2.6% (down from 10% 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 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. No highly experienced directors. Supervisor Yuanzhang Ye is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.22 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.22 in 3Q 2021). Revenue: CN¥648.7m (up 31% from 3Q 2021). Net income: CN¥33.7m (down 68% from 3Q 2021). Profit margin: 5.2% (down from 21% in 3Q 2021). 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 but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.064 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.082 (up from CN¥0.064 in 2Q 2021). Revenue: CN¥673.7m (up 25% from 2Q 2021). Net income: CN¥39.3m (up 33% from 2Q 2021). Profit margin: 5.8% (up from 5.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 173%, compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥12.78 Up from CN¥11.11, the current price target is provided by 1 analyst. New target price is 86% above last closing price of CN¥6.88. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.43 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. No highly experienced directors. Supervisor Yuanzhang Ye is the most experienced director on the board, commencing their role in 2021. 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 • Apr 20
Dymatic Chemicals Declares Profit Distribution for 2021 Dymatic Chemicals,Inc., at its AGM held on April 18, 2022, approved the profit distribution of CNY 0.850 per ten shares (tax included) for 2021. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.43 (up from CN¥0.28 in FY 2020). Revenue: CN¥2.00b (up 23% from FY 2020). Net income: CN¥206.2m (up 77% from FY 2020). Profit margin: 10% (up from 7.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 176%, compared to a 47% growth forecast for the industry in China. 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Dymatic Chemicals,Inc. Proposes Dividend for 2021 Dymatic Chemicals,Inc. proposed Cash dividend/10 shares (tax included) of CNY 0.85000000 for 2021. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.16 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥493.9m (up 1.6% from 3Q 2020). Net income: CN¥104.7m (up 53% from 3Q 2020). Profit margin: 21% (up from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 88% over the past three years. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS CN¥0.064 (vs CN¥0.061 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥538.7m (up 61% from 2Q 2020). Net income: CN¥29.7m (up 16% from 2Q 2020). Profit margin: 5.5% (down from 7.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 15
Price target increased to CN¥13.14 Up from CN¥11.11, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥10.87. Stock is up 50% over the past year. Announcement • May 22
Dymatic Chemicals,Inc. (SZSE:002054) announces an Equity Buyback for CNY 100 million worth of its shares. Dymatic Chemicals,Inc. (SZSE:002054) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 120per share. The program will be used to implement equity incentive plans or employee stock ownership plans. The program will be valid for 12 months. Reported Earnings • Apr 16
First quarter 2021 earnings released: EPS CN¥0.066 (vs CN¥0.056 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥407.3m (up 53% from 1Q 2020). Net income: CN¥32.0m (up 36% from 1Q 2020). Profit margin: 7.9% (down from 8.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
Dymatic Chemicals,Inc., Annual General Meeting, Mar 29, 2021 Dymatic Chemicals,Inc., Annual General Meeting, Mar 29, 2021, at 15:00 China Standard Time. Agenda: To consider 2020 annual report and its summary; to consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider appointment of audit firm; to consider 2021 connected transactions regarding application for credit line to a related party; to consider 2021 application for comprehensive credit line to non-related banks; to consider 2021 cash management with idle proprietary funds in the related party mentioned in Proposal 7; and to consider other matters. Reported Earnings • Mar 09
Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.26 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.63b (up 3.5% from FY 2019). Net income: CN¥116.4m (up 5.7% from FY 2019). Profit margin: 7.2% (up from 7.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 09
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 101%, compared to a 51% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.89, the stock is trading at a trailing P/E ratio of 31.4x, down from the previous P/E ratio of 37.5x. This compares to an average P/E of 37x in the Chemicals industry in China. Total returns to shareholders over the past three years are 47%. Is New 90 Day High Low • Feb 08
New 90-day high: CN¥11.19 The company is up 49% from its price of CN¥7.53 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. Announcement • Jan 22
Dymatic Chemicals,Inc. to Report Fiscal Year 2020 Results on Mar 09, 2021 Dymatic Chemicals,Inc. announced that they will report fiscal year 2020 results on Mar 09, 2021 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥9.20, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 24.1x. This compares to an average P/E of 36x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 37%. Is New 90 Day High Low • Jan 19
New 90-day high: CN¥9.20 The company is up 23% from its price of CN¥7.46 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: CN¥8.80 The company is up 2.0% from its price of CN¥8.59 on 25 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 6.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥133.3m, up 22% from the prior year. Total revenue was CN¥1.50b over the last 12 months, down 4.2% from the prior year. Announcement • Aug 12
Dymatic Chemicals,Inc. announced that it expects to receive CNY 700 million in funding from Foshan Shunde Ruiqi Investment Co., Ltd. Dymatic Chemicals,Inc. (SZSE:002054) announced a private placement of not more than 62,884,624 A shares for gross proceeds of not more than CNY 700,000,000 on August 7, 2020. The issue price of shares is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors including Foshan Shunde Ruiqi Investment Co., Ltd. from 3,016,746 shares to 62,884,624 shares. The shares issued are subject to restriction period of 6 months and shares issued to Foshan Shunde Ruiqi Investment Co., Ltd. are subject to restriction period of 18 months from issuance closing date. The company has signed a subscription agreement with the investors. The transaction has been approved at the 23rd meeting of the company's 6th directorate and is subject to the approvals of the shareholders meeting and the China Securities Regulatory Commission. Announcement • Jul 18
Dymatic Chemicals,Inc. to Report First Half, 2020 Results on Aug 11, 2020 Dymatic Chemicals,Inc. announced that they will report first half, 2020 results on Aug 11, 2020 
