Announcement • Jul 02
Explosive Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Explosive Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Jun 17
Explosive Co., Ltd. Proposes Cash Dividend for 2025 Explosive Co., Ltd. proposed Cash dividend/10 shares (tax included): CNY 2.56000000 for the year 2025 at its AGM of 2025. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.77, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.19 per share. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.087 (vs CN¥0.13 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.087 (down from CN¥0.13 in 1Q 2025). Revenue: CN¥1.84b (down 8.2% from 1Q 2025). Net income: CN¥107.5m (down 35% from 1Q 2025). Profit margin: 5.8% (down from 8.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% 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 increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026 Explosive Co., Ltd., Annual General Meeting, Jun 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Announcement • Mar 31
Explosive Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Explosive Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 30
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.64 (up from CN¥0.57 in FY 2024). Revenue: CN¥9.83b (up 15% from FY 2024). Net income: CN¥792.6m (up 11% from FY 2024). Profit margin: 8.1% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 9.7% 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 increased by 45% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Dec 31
Explosive Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Explosive Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.64b (up 11% from 3Q 2024). Net income: CN¥235.5m (up 36% from 3Q 2024). Profit margin: 8.9% (up from 7.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Explosive Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Explosive Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.17 in 2Q 2024). Revenue: CN¥2.70b (up 26% from 2Q 2024). Net income: CN¥243.5m (up 13% from 2Q 2024). Profit margin: 9.0% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Aug 14
Price target increased by 11% to CN¥16.68 Up from CN¥15.00, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥13.86. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.57 last year. New Risk • Jul 25
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 7.1% 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 (7.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥15.51, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.78 per share. Announcement • Jul 02
Explosive Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Explosive Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Buy Or Sell Opportunity • Jun 10
Now 20% undervalued Over the last 90 days, the stock has risen 2.6% to CN¥12.07. The fair value is estimated to be CN¥15.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Announcement • Jun 06
Explosive Co., Ltd., Annual General Meeting, Jun 26, 2025 Explosive Co., Ltd., Annual General Meeting, Jun 26, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Buy Or Sell Opportunity • May 15
Now 21% undervalued Over the last 90 days, the stock has risen 10% to CN¥11.75. The fair value is estimated to be CN¥14.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.11 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥2.01b (up 13% from 1Q 2024). Net income: CN¥165.2m (up 23% from 1Q 2024). Profit margin: 8.2% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
Explosive Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Explosive Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 2.3 for the year 2024. Announcement • Mar 31
Explosive Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Explosive Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Explosive Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Explosive Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 New Risk • Dec 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 40% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin). Announcement • Sep 30
Explosive Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Explosive Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Jun 29
Explosive Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Explosive Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Price Target Changed • May 29
Price target increased by 15% to CN¥15.28 Up from CN¥13.33, the current price target is an average from 2 analysts. New target price is 18% above last closing price of CN¥12.95. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of CN¥0.50 for next year compared to CN¥0.13 last year. Announcement • May 11
Explosive Co., Ltd. Announces Cash Dividend of A Share for the Year 2023, Payable on May 17, 2024 Explosive Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 2.05000000 of A share for the year 2023. Record date is May 16, 2024. Ex-date is May 17, 2024. Payment date is May 17, 2024. Announcement • Mar 30
Explosive Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Explosive Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Mar 29
Explosive Co., Ltd., Annual General Meeting, Apr 19, 2024 Explosive Co., Ltd., Annual General Meeting, Apr 19, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥9.01, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in China. Total returns to shareholders of 42% over the past three years. Announcement • Dec 29
Explosive Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Explosive Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥10.54, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 47% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.04 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.04 in 3Q 2022). Revenue: CN¥2.29b (up 317% from 3Q 2022). Net income: CN¥169.5m (up CN¥154.2m from 3Q 2022). Profit margin: 7.4% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Sep 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% 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 Risk Shareholders have been substantially diluted in the past year (226% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.092 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.092 in 2Q 2022). Revenue: CN¥2.30b (up 285% from 2Q 2022). Net income: CN¥174.7m (up 401% from 2Q 2022). Profit margin: 7.6% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
Hunan Nanling Industrial Explosive Materials Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 30, 2023 Hunan Nanling Industrial Explosive Materials Co., Ltd. announced final cash dividend of CNY 0.30 per 10 shares on A shares for the year 2022. Record date is June 29, 2023, Ex-Date is June 30, 2023 and Payment Date is June 30, 2023. Announcement • May 24
Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves 2022 Profit Distribution Plan Hunan Nanling Industrial Explosive Materials Co., Ltd. at its Annual General Meeting of 2022 on 19 May 2023 approved 2022 profit distribution plan. Cash dividend/10 shares (tax included): CNY 0.30000000 for 2022. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.034 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.034 loss in 1Q 2022). Revenue: CN¥1.70b (up 258% from 1Q 2022). Net income: CN¥129.3m (up CN¥142.4m from 1Q 2022). Profit margin: 7.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Board Change • Apr 01
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. 2 experienced directors. No highly experienced directors. Chairman of the Board Dekun Zeng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Chairman of the Supervisory Board Huiyi Xie was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.036 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.036 in 3Q 2021). Revenue: CN¥547.9m (up 13% from 3Q 2021). Net income: CN¥15.3m (up 15% from 3Q 2021). Profit margin: 2.8% (up from 2.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year. Announcement • Sep 07
Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million. Hunan Xiangke Asset Management Co., Ltd. agreed to acquire Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. from Hunan Nanling Industrial Explosive Materials Co., Ltd. (SZSE:002096) for CNY 0.99 million on September 5, 2022. As on July 31, 2022, Hunan 169 Shanty Town Reconstruction Investment Co., Ltd. generated total assets of CNY 307.3 million and net assets of CNY 0.98 million. The transaction is approved by board of directors of Hunan Nanling Industrial Explosive Materials Co., Ltd. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.092 (down from CN¥0.10 in 2Q 2021). Revenue: CN¥596.8m (up 32% from 2Q 2021). Net income: CN¥34.9m (down 9.2% from 2Q 2021). Profit margin: 5.8% (down from 8.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 29% per year. Announcement • Jul 09
Hunan Nanling Industrial Explosive Materials Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 13 July 2022 Hunan Nanling Industrial Explosive Materials Co., Ltd. Ltd. announced final cash dividend of CNY 0.30000000 per 10 shares on A shares for 2021. Record date: 12 July 2022, Ex-date: 13 July 2022 and Payment date: 13 July 2022. Announcement • May 20
Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves Cash Dividend for 2021 Hunan Nanling Industrial Explosive Materials Co., Ltd. held its Annual General Meeting of 2021 on May 18, 2022, approved Cash dividend (tax included) of CNY 0.30000000 per 10 shares. for 2021. Reported Earnings • Apr 28
First quarter 2022 earnings released: CN¥0.034 loss per share (vs CN¥0.048 loss in 1Q 2021) First quarter 2022 results: CN¥0.034 loss per share (up from CN¥0.048 loss in 1Q 2021). Revenue: CN¥474.7m (up 17% from 1Q 2021). Net loss: CN¥13.1m (loss narrowed 27% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non Independent Director Dekun Zeng was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.041 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥484.0m (down 9.8% from 3Q 2020). Net income: CN¥13.3m (down 12% from 3Q 2020). Profit margin: 2.7% (down from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 03
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Non Independent Director Dekun Zeng was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.041 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥484.0m (down 9.8% from 3Q 2020). Net income: CN¥13.3m (down 12% from 3Q 2020). Profit margin: 2.7% (down from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.14 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥450.8m (down 20% from 2Q 2020). Net income: CN¥38.4m (down 25% from 2Q 2020). Profit margin: 8.5% (down from 9.1% in 2Q 2020). 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 8% per year. Announcement • May 21
Hunan Nanling Industrial Explosive Materials Co., Ltd. Approves Final Cash Dividend for the Year 2020 Hunan Nanling Industrial Explosive Materials Co., Ltd. announced at the AGM held on May 18, 2021 that the company approved final Cash dividend/10 shares (tax included): CNY 0.20000000 for the year 2020. Announcement • Apr 29
Hunan Nanling Industrial Explosive Materials Co., Ltd. Proposes Final Cash Dividend for the Year 2020 Hunan Nanling Industrial Explosive Materials Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY 0.20000000 for the year 2020. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.048 loss per share (vs CN¥0.093 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥405.6m (up 11% from 1Q 2020). Net loss: CN¥17.8m (loss narrowed 48% from 1Q 2020). 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 3% per year. Announcement • Mar 04
Hunan Nanling Industrial Explosive Materials Co., Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 Hunan Nanling Industrial Explosive Materials Co., Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Is New 90 Day High Low • Jan 14
New 90-day low: CN¥6.20 The company is down 40% from its price of CN¥10.29 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥8.70 The company is down 3.0% from its price of CN¥9.00 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: CN¥11.32 The company is up 39% from its price of CN¥8.12 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 Chemicals industry, which is up 4.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥27.1m, up 3.6% from the prior year. Total revenue was CN¥2.08b over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 09
New 90-day high: CN¥10.10 The company is up 54% from its price of CN¥6.56 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 1.0% over the same period. Announcement • Jul 25
Hunan Nanling Industrial Explosive Materials Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Hunan Nanling Industrial Explosive Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020