Announcement • Apr 16
Huafon Chemical Co.,Ltd, Annual General Meeting, May 07, 2026 Huafon Chemical Co.,Ltd, Annual General Meeting, May 07, 2026, at 15:00 China Standard Time. Location: 2F, Executive Building, No. 1688, Kaifaqu Avenue, Rui'an Economic Development Zone, Zhejiang China Announcement • Mar 31
Huafon Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 22, 2026 Huafon Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 22, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.37 (down from CN¥0.45 in FY 2024). Revenue: CN¥24.2b (down 10% from FY 2024). Net income: CN¥1.86b (down 16% from FY 2024). Profit margin: 7.7% (down from 8.2% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 9.0%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Mar 03
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 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (7.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.51, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 54% over the past three years. Announcement • Dec 31
Huafon Chemical Co.,Ltd to Report Fiscal Year 2025 Results on Mar 28, 2026 Huafon Chemical Co.,Ltd announced that they will report fiscal year 2025 results on Mar 28, 2026 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.35, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Chemicals industry in China. Total returns to shareholders of 67% over the past three years. Price Target Changed • Oct 28
Price target increased by 8.2% to CN¥10.11 Up from CN¥9.34, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥8.52. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.45 last year. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (down from CN¥0.10 in 3Q 2024). Revenue: CN¥5.97b (down 9.9% from 3Q 2024). Net income: CN¥478.2m (down 3.7% from 3Q 2024). Profit margin: 8.0% (up from 7.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 08
Upcoming dividend of CN¥0.05 per share Eligible shareholders must have bought the stock before 15 October 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (1.4%). Announcement • Sep 30
Huafon Chemical Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025 Huafon Chemical Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.78, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 25% over the past three years. Announcement • Sep 04
Huafon Chemical Co.,Ltd Proposes Interim Cash Dividend for the Year 2025 Huafon Chemical Co.,Ltd proposed interim cash dividend of CNY 0.50000000 per 10 shares for the year 2025. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥27.4b to CN¥25.8b. EPS estimate also fell from CN¥0.557 per share to CN¥0.43 per share. Net income forecast to grow 64% next year vs 47% growth forecast for Chemicals industry in China. Consensus price target broadly unchanged at CN¥9.34. Share price fell 2.1% to CN¥7.77 over the past week. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥5.82b (down 18% from 2Q 2024). Net income: CN¥479.0m (down 43% from 2Q 2024). Profit margin: 8.2% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 02
Huafon Chemical Co.,Ltd to Report First Half, 2025 Results on Aug 12, 2025 Huafon Chemical Co.,Ltd announced that they will report first half, 2025 results on Aug 12, 2025 Announcement • Apr 01
Huafon Chemical Co.,Ltd Proposes Final Cash Dividend for the Year 2024 Huafon Chemical Co.,Ltd announced that on 31 March 2025 the profit distribution proposal for 2024: Cash dividend (tax included) of CNY 1.50000000 per 10 shares. Announcement • Mar 31
Huafon Chemical Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Huafon Chemical Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.45 (down from CN¥0.50 in FY 2023). Revenue: CN¥26.9b (up 2.4% from FY 2023). Net income: CN¥2.22b (down 10% from FY 2023). Profit margin: 8.2% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Huafon Chemical Co.,Ltd, Annual General Meeting, Apr 24, 2025 Huafon Chemical Co.,Ltd, Annual General Meeting, Apr 24, 2025, at 15:00 China Standard Time. Location: 2F, Executive Building, No. 1688, Kaifaqu Avenue, Rui'an Economic Development Zone, Zhejiang China Announcement • Dec 31
Huafon Chemical Co.,Ltd to Report Fiscal Year 2024 Results on Mar 29, 2025 Huafon Chemical Co.,Ltd announced that they will report fiscal year 2024 results on Mar 29, 2025 Price Target Changed • Nov 18
Price target increased by 8.8% to CN¥9.90 Up from CN¥9.10, the current price target is an average from 3 analysts. New target price is 20% above last closing price of CN¥8.23. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.50 last year. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥29.1b to CN¥28.6b. EPS estimate also fell from CN¥0.643 per share to CN¥0.573 per share. Net income forecast to grow 33% next year vs 57% growth forecast for Chemicals industry in China. Consensus price target of CN¥9.60 unchanged from last update. Share price was steady at CN¥8.11 over the past week. Announcement • Oct 31
Huafon Chemical Co.,Ltd (SZSE:002064) agreed to acquire Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd from Huafon Group Co., Ltd. Huafon Chemical Co.,Ltd (SZSE:002064) agreed to acquire Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd from Huafon Group Co., Ltd. on October 28, 2024. The consideration consist of cash and common equity. Announcement • Oct 30
Huafon Chemical Co.,Ltd (SZSE:002064) signed a letter of intent to acquire Zhejiang Huafon Synthetic Resin Co., Ltd. from Huafon Group Co., Ltd., You Xiaoping, You Jinhuan and You Xiaohua. Huafon Chemical Co.,Ltd (SZSE:002064) signed a letter of intent to acquire Zhejiang Huafon Synthetic Resin Co., Ltd. from Huafon Group Co., Ltd., You Xiaoping, You Jinhuan and You Xiaohua on October 28, 2024. Huafon Chemical intends to acquire 100% of the equity of Zhejiang Huafon Synthetic Resin through issuing shares and paying cash. After the agreement is signed, both parties will continue to actively communicate, verify, and negotiate specific details of the transaction plan, transaction method, transaction price, share issuance price, share issuance quantity, and other matters, and will subsequently sign all formal agreements related to this transaction. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥6.63b (down 6.1% from 3Q 2023). Net income: CN¥496.5m (down 13% from 3Q 2023). Profit margin: 7.5% (down from 8.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. 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 12% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Huafon Chemical Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Huafon Chemical Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.78, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.79 per share. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥7.09b (up 10% from 2Q 2023). Net income: CN¥834.7m (up 15% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Huafon Chemical Co.,Ltd to Report First Half, 2024 Results on Aug 10, 2024 Huafon Chemical Co.,Ltd announced that they will report first half, 2024 results on Aug 10, 2024 Announcement • May 28
Huafon Chemical Co.,Ltd, Annual General Meeting, Jun 17, 2024 Huafon Chemical Co.,Ltd, Annual General Meeting, Jun 17, 2024, at 14:30 China Standard Time. Location: 2F, No. 1688, Development Zone Avenue, Economic Development Zone, Rui'an, Zhejiang China Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 26%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥26.1b to CN¥28.0b. EPS estimate fell from CN¥0.82 to CN¥0.61 per share. Net income forecast to grow 25% next year vs 43% growth forecast for Chemicals industry in China. Consensus price target of CN¥8.00 unchanged from last update. Share price rose 2.7% to CN¥7.74 over the past week. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥6.66b (up 7.5% from 1Q 2023). Net income: CN¥683.4m (up 8.2% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Huafon Chemical Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Huafon Chemical Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.66 per share. Announcement • Dec 30
Huafon Chemical Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Huafon Chemical Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.004 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.004 in 3Q 2022). Revenue: CN¥7.06b (up 16% from 3Q 2022). Net income: CN¥569.9m (up CN¥548.7m from 3Q 2022). Profit margin: 8.1% (up from 0.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 12% 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. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.21 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.21 in 2Q 2022). Revenue: CN¥6.43b (down 1.7% from 2Q 2022). Net income: CN¥727.2m (down 30% from 2Q 2022). Profit margin: 11% (down from 16% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Announcement • Jul 01
Huafon Chemical Co., Ltd. to Report First Half, 2023 Results on Aug 11, 2023 Huafon Chemical Co., Ltd. announced that they will report first half, 2023 results on Aug 11, 2023 Announcement • Jun 09
Huafon Chemical Co., Ltd. Approves the Cash Dividend for the Year 2022 Huafon Chemical Co., Ltd. approved the Cash dividend (tax included) of CNY 1.50000000 per 10 shares for the year 2022, at the AGM held on June 7, 2023. Announcement • May 19
Huafon Chemical Co., Ltd., Annual General Meeting, Jun 07, 2023 Huafon Chemical Co., Ltd., Annual General Meeting, Jun 07, 2023, at 15:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2023 estimated continuing connected transactions; to consider confirmation of 2022 remuneration for directors, supervisors and senior management; and to consider other mattters. Major Estimate Revision • May 05
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥23.6b to CN¥21.7b. EPS estimate also fell from CN¥0.80 per share to CN¥0.67 per share. Net income forecast to grow 71% next year vs 52% growth forecast for Chemicals industry in China. Consensus price target of CN¥8.00 unchanged from last update. Share price was steady at CN¥7.10 over the past week. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.29 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.29 in 1Q 2022). Revenue: CN¥6.19b (down 15% from 1Q 2022). Net income: CN¥631.4m (down 54% from 1Q 2022). Profit margin: 10% (down from 19% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be CN¥9.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to CN¥8.00 Down from CN¥10.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of CN¥7.23. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥1.10 for next year compared to CN¥1.71 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-Employee Representative Supervisor Chu Yuxi is the most experienced director on the board, commencing their role in 2017. 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 25
Third quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.49 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.004 (down from CN¥0.49 in 3Q 2021). Revenue: CN¥6.10b (down 25% from 3Q 2021). Net income: CN¥21.2m (down 99% from 3Q 2021). Profit margin: 0.3% (down from 28% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. 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 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.48 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.48 in 2Q 2021). Revenue: CN¥6.54b (down 7.8% from 2Q 2021). Net income: CN¥1.03b (down 53% from 2Q 2021). Profit margin: 16% (down from 31% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥1.61 to CN¥1.33. Revenue forecast unchanged from CN¥26.9b at last update. Net income forecast to shrink 21% next year vs 41% growth forecast for Chemicals industry in China . Consensus price target of CN¥10.00 unchanged from last update. Share price was steady at CN¥7.79 over the past week. Buying Opportunity • Jun 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be CN¥10.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to grow by 6.4% in 2 years. Earnings is forecast to grow by 0.5% in the next 2 years. Announcement • Jun 01
Huafon Chemical Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 09 June 2022 Huafon Chemical Co., Ltd. announced final cash dividend of CNY 3.00000000 per 10 shares on A shares for 2021. Record date is 08 June 2022, Ex-date is 09 June 2022 and Payment date is 09 June 2022. Announcement • May 26
Huafon Chemical Co., Ltd. Approves Final Cash Dividend for the Year 2021 Huafon Chemical Co., Ltd. approved final cash dividend of CNY 3.00 per 10 shares (tax included) for the year 2021, at its Annual General Meeting of 2021 on 23 May 2022. Price Target Changed • May 08
Price target decreased to CN¥12.00 Down from CN¥21.00, the current price target is an average from 6 analysts. New target price is 59% above last closing price of CN¥7.55. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥1.71 last year. Announcement • May 07
Huafon Chemical Co., Ltd., Annual General Meeting, May 23, 2022 Huafon Chemical Co., Ltd., Annual General Meeting, May 23, 2022, at 15:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider reappointment of audit firm; to consider determination of 2021 remuneration for directors, supervisors and senior management; to consider application for comprehensive credit line to financial institutions and guarantee; to consider 2021 profit distribution plan; to consider launching the bill pool business; and to consider other matters. Announcement • May 06
Huafon Chemical Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Huafon Chemical Co., Ltd. proposed final cash dividend of CNY 3.00 per 10 shares (tax included) for the year 2021. Reported Earnings • May 02
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.29 (down from CN¥0.35 in 1Q 2021). Revenue: CN¥7.29b (up 26% from 1Q 2021). Net income: CN¥1.36b (down 17% from 1Q 2021). Profit margin: 19% (down from 28% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 42% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. Non-Employee Representative Supervisor Chu Yuxi is the most experienced director on the board, commencing their role in 2017. 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 25
Third quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥8.12b (up 111% from 3Q 2020). Net income: CN¥2.28b (up 295% from 3Q 2020). Profit margin: 28% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year and the company’s share price has also increased by 46% per year. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥14.41, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 250% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.085 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.10b (up 104% from 2Q 2020). Net income: CN¥2.21b (up 463% from 2Q 2020). Profit margin: 31% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 19
Consensus EPS estimates increase to CN¥0.89 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥18.4b to CN¥20.2b. EPS estimate increased from CN¥0.72 to CN¥0.89 per share. Net income forecast to grow 74% next year vs 45% growth forecast for Chemicals industry in China. Consensus price target down from CN¥21.00 to CN¥16.50. Share price rose 5.0% to CN¥11.51 over the past week. Price Target Changed • Apr 15
Price target decreased to CN¥16.50 Down from CN¥21.00, the current price target is an average from 6 analysts. New target price is 46% above last closing price of CN¥11.33. Stock is up 113% over the past year. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.49 (vs CN¥0.43 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥14.7b (up 6.4% from FY 2019). Net income: CN¥2.28b (up 24% from FY 2019). Profit margin: 16% (up from 13% 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 18% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 11
Price target decreased to CN¥15.00 Down from CN¥21.00, the current price target is an average from 6 analysts. New target price is 30% above last closing price of CN¥11.56. Stock is up 139% over the past year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥11.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.99 per share. Announcement • Mar 09
Huafon Chemical Co., Ltd. to Report Fiscal Year 2020 Results on Apr 22, 2021 Huafon Chemical Co., Ltd. announced that they will report fiscal year 2020 results on Apr 22, 2021 Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥13.79, the stock is trading at a trailing P/E ratio of 35.7x, down from the previous P/E ratio of 44.2x. This compares to an average P/E of 38x in the Chemicals industry in China. Total returns to shareholders over the past three years are 174%. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥16.20 The company is up 56% from its price of CN¥10.41 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.13 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.86, the stock is trading at a trailing P/E ratio of 41x, up from the previous P/E ratio of 35.1x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 243%. Is New 90 Day High Low • Jan 29
New 90-day high: CN¥14.76 The company is up 84% from its price of CN¥8.01 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.20 per share. Major Estimate Revision • Jan 23
Analysts increase EPS estimates to CN¥0.47 The 2020 consensus revenue estimate increased from CN¥13.9b to CN¥14.4b. The earnings per share estimate also received an upgrade from CN¥0.41 to CN¥0.47 for the same period. Net income is expected to grow by 59% next year compared to 45% growth forecast for the Chemicals industry in China. The consensus price target increased from CN¥12.00 to CN¥15.00. Share price is up 12% to CN¥13.64 over the past week. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥12.26, the stock is trading at a trailing P/E ratio of 31.7x, up from the previous P/E ratio of 26.1x. This compares to an average P/E of 36x in the Chemicals industry in China. Total returns to shareholders over the past three years are 144%. Is New 90 Day High Low • Jan 06
New 90-day high: CN¥11.51 The company is up 58% from its price of CN¥7.28 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.01 per share. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 18% share price gain to CN¥9.85, the stock is trading at a trailing P/E ratio of 25.5x, up from the previous P/E ratio of 21.6x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 111%. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥8.99 The company is up 25% from its price of CN¥7.20 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥17.57 per share. Major Estimate Revision • Nov 03
Analysts increase EPS estimates to CN¥0.41 The 2020 consensus revenue estimate increased from CN¥13.1b to CN¥13.8b. The earnings per share estimate also received an upgrade from CN¥0.37 to CN¥0.41 for the same period. Net income is expected to grow by 33% next year compared to 45% growth forecast for the Chemicals industry in China. The consensus price target increased from CN¥6.64 to CN¥7.89. Share price is up 6.6% to CN¥8.40 over the past week. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.11b, down 17% from the prior year. Total revenue was CN¥15.8b over the last 12 months, down 19% from the prior year. Announcement • Oct 19
Zhejiang Huafeng Spandex Co., Ltd to Report Q3, 2020 Results on Oct 27, 2020 Zhejiang Huafeng Spandex Co., Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Jul 17
Zhejiang Huafeng Spandex Co., Ltd to Report First Half, 2020 Results on Jul 29, 2020 Zhejiang Huafeng Spandex Co., Ltd announced that they will report first half, 2020 results on Jul 29, 2020 
