Price Target Changed • May 08
Price target increased by 10% to CN¥16.99 Up from CN¥15.43, the current price target is an average from 4 analysts. New target price is 15% above last closing price of CN¥14.77. Stock is up 4.9% over the past year. The company is forecast to post earnings per share of CN¥1.30 for next year compared to CN¥1.16 last year. Announcement • Apr 13
Shandong Sunpaper Co., Ltd., Annual General Meeting, May 22, 2026 Shandong Sunpaper Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jining, Shandong China Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.16 (up from CN¥1.11 in FY 2024). Revenue: CN¥39.2b (down 3.8% from FY 2024). Net income: CN¥3.25b (up 4.8% from FY 2024). Profit margin: 8.3% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Announcement • Mar 31
Shandong Sunpaper Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shandong Sunpaper Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥1.17 (vs CN¥1.11 in FY 2024) Full year 2025 results: EPS: CN¥1.17 (up from CN¥1.11 in FY 2024). Revenue: CN¥39.2b (down 3.8% from FY 2024). Net income: CN¥3.26b (up 5.0% from FY 2024). Profit margin: 8.3% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Announcement • Dec 31
Shandong Sunpaper Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Shandong Sunpaper Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.25 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.25 in 3Q 2024). Revenue: CN¥9.82b (down 6.0% from 3Q 2024). Net income: CN¥719.5m (up 2.7% from 3Q 2024). Profit margin: 7.3% (up from 6.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Announcement • Sep 30
Shandong Sunpaper Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shandong Sunpaper Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Aug 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • Aug 29
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.29 in 2Q 2024). Revenue: CN¥9.22b (down 11% from 2Q 2024). Net income: CN¥894.0m (up 12% from 2Q 2024). Profit margin: 9.7% (up from 7.8% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Declared Dividend • Jul 06
Dividend of CN¥0.30 announced Dividend of CN¥0.30 is the same as last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
Shandong Sunpaper Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shandong Sunpaper Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 22
Shandong Sunpaper Co., Ltd. Approves Cash Dividend for 2024 Shandong Sunpaper Co., Ltd. held its Annual General Meeting of 2024 on 16 May 2025, during which the following proposal(s) was/were approved: 2024 profit distribution plan of Cash dividend/10 shares (tax included): CNY 3.00000000. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.11 (up from CN¥1.10 in FY 2023). Revenue: CN¥40.7b (up 3.0% from FY 2023). Net income: CN¥3.10b (flat on FY 2023). Profit margin: 7.6% (down from 7.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Announcement • Apr 11
Shandong Sunpaper Co., Ltd. Proposes Cash Dividend for the Year 2024 Shandong Sunpaper Co., Ltd. announced on 10 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 3.00000000. Announcement • Apr 10
Shandong Sunpaper Co., Ltd., Annual General Meeting, May 16, 2025 Shandong Sunpaper Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jining, Shandong China Announcement • Mar 31
Shandong Sunpaper Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shandong Sunpaper Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥1.12 (vs CN¥1.10 in FY 2023) Full year 2024 results: EPS: CN¥1.12 (up from CN¥1.10 in FY 2023). Revenue: CN¥40.7b (up 3.0% from FY 2023). Net income: CN¥3.13b (up 1.3% from FY 2023). Profit margin: 7.7% (down from 7.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 31
Shandong Sunpaper Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Shandong Sunpaper Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Non-Independent Director Ying Bi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 28
Shandong Sunpaper Co., Ltd. Appoints Bi Ying as Non-Independent Director Shandong Sunpaper Co., Ltd. at its 3rd Extraordinary General Meeting of 2024 on 22 November 2024 approved appointment of Bi Ying as non-independent director. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.31 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.31 in 3Q 2023). Revenue: CN¥10.5b (up 6.0% from 3Q 2023). Net income: CN¥700.8m (down 21% from 3Q 2023). Profit margin: 6.7% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 30
Shandong Sunpaper Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong Sunpaper Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥14.24, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Forestry industry in China. Total returns to shareholders of 26% over the past three years. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥43.4b to CN¥42.4b. EPS estimate also fell from CN¥1.32 per share to CN¥1.19 per share. Net income forecast to grow 2.9% next year vs 18% growth forecast for Forestry industry in China. Consensus price target broadly unchanged at CN¥16.23. Share price was steady at CN¥11.96 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥10.3b (up 8.4% from 2Q 2023). Net income: CN¥801.9m (up 17% from 2Q 2023). Profit margin: 7.8% (up from 7.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Declared Dividend • Jul 06
Dividend increased to CN¥0.30 Dividend of CN¥0.30 is 50% higher than last year. Ex-date: 12th July 2024 Payment date: 12th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Shandong Sunpaper Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shandong Sunpaper Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.34 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥10.2b (up 3.9% from 1Q 2023). Net income: CN¥956.1m (up 69% from 1Q 2023). Profit margin: 9.4% (up from 5.8% in 1Q 2023). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Price Target Changed • Apr 11
Price target increased by 9.6% to CN¥15.32 Up from CN¥13.98, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥15.50. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.32 for next year compared to CN¥1.10 last year. Reported Earnings • Apr 11
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥1.10 (up from CN¥1.04 in FY 2022). Revenue: CN¥39.5b (flat on FY 2022). Net income: CN¥3.09b (up 9.9% from FY 2022). Profit margin: 7.8% (up from 7.1% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Apr 10
Shandong Sunpaper Co., Ltd., Annual General Meeting, May 20, 2024 Shandong Sunpaper Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jining, Shandong China Announcement • Mar 30
Shandong Sunpaper Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shandong Sunpaper Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥1.10 (vs CN¥1.04 in FY 2022) Full year 2023 results: EPS: CN¥1.10 (up from CN¥1.04 in FY 2022). Revenue: CN¥39.7b (flat on FY 2022). Net income: CN¥3.07b (up 9.4% from FY 2022). Profit margin: 7.7% (up from 7.1% in FY 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Dec 29
Shandong Sunpaper Co., Ltd. to Report Fiscal Year 2023 Results on Apr 10, 2024 Shandong Sunpaper Co., Ltd. announced that they will report fiscal year 2023 results on Apr 10, 2024 Reported Earnings • Oct 30
Third quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.23 in 3Q 2022). Revenue: CN¥9.86b (flat on 3Q 2022). Net income: CN¥885.3m (up 46% from 3Q 2022). Profit margin: 9.0% (up from 6.2% in 3Q 2022). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.37 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.37 in 2Q 2022). Revenue: CN¥9.54b (down 6.4% from 2Q 2022). Net income: CN¥685.7m (down 30% from 2Q 2022). Profit margin: 7.2% (down from 9.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Shandong Sunpaper Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 7, 2023 Shandong Sunpaper Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2022. Record date is July 6, 2023. Ex-date is July 7, 2023. Payment date is July 7, 2023. Price Target Changed • May 06
Price target increased by 7.2% to CN¥13.63 Up from CN¥12.72, the current price target is an average from 5 analysts. New target price is 23% above last closing price of CN¥11.11. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥1.09 for next year compared to CN¥1.04 last year. Reported Earnings • Apr 25
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥1.04 (down from CN¥1.11 in FY 2021). Revenue: CN¥39.8b (up 24% from FY 2021). Net income: CN¥2.81b (down 4.1% from FY 2021). Profit margin: 7.1% (down from 9.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Major Estimate Revision • Nov 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥38.0b to CN¥39.8b. EPS estimate fell from CN¥1.22 to CN¥1.06 per share. Net income forecast to grow 30% next year vs 72% growth forecast for Forestry industry in China. Consensus price target of CN¥13.14 unchanged from last update. Share price fell 11% to CN¥10.42 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23 (up from CN¥0.20 in 3Q 2021). Revenue: CN¥9.79b (up 24% from 3Q 2021). Net income: CN¥608.6m (up 13% from 3Q 2021). Profit margin: 6.2% (down from 6.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Major Estimate Revision • Sep 02
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥35.3b to CN¥38.8b. EPS estimate increased from CN¥1.14 to CN¥1.28 per share. Net income forecast to grow 40% next year vs 34% growth forecast for Forestry industry in China. Consensus price target up from CN¥12.93 to CN¥13.20. Share price rose 2.1% to CN¥11.90 over the past week. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.43 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.37 (down from CN¥0.43 in 2Q 2021). Revenue: CN¥10.2b (up 25% from 2Q 2021). Net income: CN¥984.4m (down 12% from 2Q 2021). Profit margin: 9.7% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.9%, compared to a 44% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Announcement • Jun 29
Shandong Sunpaper Co., Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on July 6, 2022 Shandong Sunpaper Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2021. Record date is July 5, 2022. Ex-date is July 6, 2022. Payment date is July 6, 2022. Announcement • May 24
Shandong Sunpaper Co., Ltd. Announces Dividend for 2021 Shandong Sunpaper Co., Ltd. announced dividend of CNY 2.000000 per 10 shares for 2021. Reported Earnings • Apr 30
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.25 (down from CN¥0.42 in 1Q 2021). Revenue: CN¥9.67b (up 27% from 1Q 2021). Net income: CN¥675.0m (down 39% from 1Q 2021). Profit margin: 7.0% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 3.0%, compared to a 52% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Price Target Changed • Apr 18
Price target decreased to CN¥12.98 Down from CN¥14.17, the current price target is an average from 10 analysts. New target price is 6.2% above last closing price of CN¥12.22. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥1.12 last year. Reported Earnings • Apr 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥1.12 (up from CN¥0.75 in FY 2020). Revenue: CN¥32.0b (up 48% from FY 2020). Net income: CN¥2.96b (up 51% from FY 2020). Profit margin: 9.2% (up from 9.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 8.6%, compared to a 68% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥1.11 (up from CN¥0.75 in FY 2020). Revenue: CN¥31.9b (up 48% from FY 2020). Net income: CN¥2.94b (up 51% from FY 2020). Profit margin: 9.2% (up from 9.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 6.2%, compared to a 51% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.17 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¥7.90b (up 52% from 3Q 2020). Net income: CN¥536.8m (up 20% from 3Q 2020). Profit margin: 6.8% (down from 8.6% 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 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥14.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Forestry industry in China. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.99 per share. Price Target Changed • Sep 02
Price target decreased to CN¥16.38 Down from CN¥17.86, the current price target is an average from 8 analysts. New target price is 26% above last closing price of CN¥12.95. Stock is down 7.0% over the past year. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥8.17b (up 68% from 2Q 2020). Net income: CN¥1.12b (up 181% from 2Q 2020). Profit margin: 14% (up from 8.2% 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 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 01
Shandong Sunpaper Co., Ltd. Approves Cash Dividend for the Year 2020 Shandong Sunpaper Co., Ltd. approved cash dividend (tax included) of CNY 1.0 per 10 shares for the year 2020 at its AGM held on 28 May 2021. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.75 (vs CN¥0.84 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¥21.6b (down 5.2% from FY 2019). Net income: CN¥1.95b (down 10% from FY 2019). Profit margin: 9.0% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Mar 08
Shandong Sunpaper Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Shandong Sunpaper Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.76 (vs CN¥0.84 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¥21.6b (down 5.2% from FY 2019). Net income: CN¥1.97b (down 9.6% from FY 2019). Profit margin: 9.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 47%, compared to a 29% growth forecast for the Forestry industry in China. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥17.98, the stock is trading at a trailing P/E ratio of 22.5x, down from the previous P/E ratio of 26.5x. This compares to an average P/E of 26x in the Forestry industry in China. Total returns to shareholders over the past three years are 53%. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥19.93 The company is up 22% from its price of CN¥16.40 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 Forestry industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.95 per share. Price Target Changed • Feb 11
Price target raised to CN¥16.31 Up from CN¥14.60, the current price target is an average from 8 analysts. The new target price is 15% below the current share price of CN¥19.27. As of last close, the stock is up 117% over the past year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥18.82, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 24x in the Forestry industry in China. Total returns to shareholders over the past three years are 69%. Is New 90 Day High Low • Feb 02
New 90-day high: CN¥17.57 The company is up 28% from its price of CN¥13.74 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.06 per share. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.80, the stock is trading at a trailing P/E ratio of 21x, up from the previous P/E ratio of 18x. This compares to an average P/E of 23x in the Forestry industry in China. Total returns to shareholders over the past three years are 73%. Is New 90 Day High Low • Jan 07
New 90-day high: CN¥16.57 The company is up 17% from its price of CN¥14.11 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Forestry industry, which is also up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.12 per share. Is New 90 Day High Low • Nov 10
New 90-day high: CN¥14.83 The company is up 17% from its price of CN¥12.64 on 12 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry 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¥3.57 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.08b, up 7.9% from the prior year. Total revenue was CN¥22.0b over the last 12 months, largely unchanged from the prior year. Announcement • Aug 13
Shandong Sunpaper Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Shandong Sunpaper Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020