Reported Earnings • Apr 24
Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.12 loss in FY 2024) Full year 2025 results: CN¥0.05 loss per share (improved from CN¥0.12 loss in FY 2024). Revenue: CN¥406.0m (up 1.9% from FY 2024). Net loss: CN¥10.0m (loss narrowed 59% from FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Letong Chemical Co.,LTD, Annual General Meeting, May 28, 2026 Letong Chemical Co.,LTD, Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: 1F, No. 265, Jinfa Road, Tangjiawan Town, High-tech Zone, Zhuhai, Guangdong China Announcement • Mar 31
Letong Chemical Co.,LTD to Report Q1, 2026 Results on Apr 28, 2026 Letong Chemical Co.,LTD announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Letong Chemical Co.,LTD to Report Fiscal Year 2025 Results on Apr 24, 2026 Letong Chemical Co.,LTD announced that they will report fiscal year 2025 results on Apr 24, 2026 New Risk • Dec 18
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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.006 (vs CN¥0.03 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.006 (up from CN¥0.03 loss in 3Q 2024). Revenue: CN¥113.4m (down 1.9% from 3Q 2024). Net income: CN¥2.47m (up CN¥8.56m from 3Q 2024). Profit margin: 2.2% (up from net loss in 3Q 2024). 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 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Letong Chemical Co.,LTD to Report Q3, 2025 Results on Oct 27, 2025 Letong Chemical Co.,LTD announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Letong Chemical Co.,LTD to Report First Half, 2025 Results on Aug 28, 2025 Letong Chemical Co.,LTD announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 28
Letong Chemical Co.,LTD, Annual General Meeting, May 23, 2025 Letong Chemical Co.,LTD, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: 1F, No. 265, Jinfa Road, Tangjiawan Town, High-tech Zone, Zhuhai, Guangdong China Announcement • Mar 31
Letong Chemical Co.,LTD to Report Q1, 2025 Results on Apr 28, 2025 Letong Chemical Co.,LTD announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Announcement • Dec 31
Letong Chemical Co.,LTD to Report Fiscal Year 2024 Results on Apr 28, 2025 Letong Chemical Co.,LTD announced that they will report fiscal year 2024 results on Apr 28, 2025 New Risk • Dec 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.01 profit in 3Q 2023) Third quarter 2024 results: CN¥0.03 loss per share (down from CN¥0.01 profit in 3Q 2023). Revenue: CN¥115.7m (up 1.7% from 3Q 2023). Net loss: CN¥6.09m (down CN¥7.59m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Letong Chemical Co.,LTD to Report Q3, 2024 Results on Oct 31, 2024 Letong Chemical Co.,LTD announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Aug 29
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 6.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.05 loss per share (vs CN¥0.002 profit in 2Q 2023) Second quarter 2024 results: CN¥0.05 loss per share (down from CN¥0.002 profit in 2Q 2023). Revenue: CN¥110.2m (up 11% from 2Q 2023). Net loss: CN¥9.84m (down CN¥10.2m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Letong Chemical Co.,LTD to Report First Half, 2024 Results on Aug 29, 2024 Letong Chemical Co.,LTD announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Apr 29
Letong Chemical Co.,LTD, Annual General Meeting, May 22, 2024 Letong Chemical Co.,LTD, Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: 1F, Office Building, Jinding Guantang Letong Industrial Park, Tangjiawan Town, Zhuhai, Guangdong China Announcement • Mar 30
Letong Chemical Co.,LTD to Report Q1, 2024 Results on Apr 27, 2024 Letong Chemical Co.,LTD announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Jan 31
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 6.8% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 30
Letong Chemical Co.,LTD to Report Fiscal Year 2023 Results on Apr 27, 2024 Letong Chemical Co.,LTD announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.024 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.01 (up from CN¥0.024 loss in 3Q 2022). Revenue: CN¥113.7m (up 3.7% from 3Q 2022). Net income: CN¥1.50m (up CN¥6.36m from 3Q 2022). Profit margin: 1.3% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. 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 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.033 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.002 (up from CN¥0.033 loss in 2Q 2022). Revenue: CN¥99.4m (up 2.6% from 2Q 2022). Net income: CN¥408.0k (up CN¥6.96m from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.023 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.001 (up from CN¥0.023 loss in 1Q 2022). Revenue: CN¥81.9m (down 19% from 1Q 2022). Net income: CN¥256.9k (up CN¥4.84m from 1Q 2022). Profit margin: 0.3% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.024 loss per share (vs CN¥0.019 loss in 3Q 2021) Third quarter 2022 results: CN¥0.024 loss per share (further deteriorated from CN¥0.019 loss in 3Q 2021). Revenue: CN¥109.6m (up 1.5% from 3Q 2021). Net loss: CN¥4.85m (loss widened 29% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.033 loss per share (vs CN¥0.028 loss in 2Q 2021) Second quarter 2022 results: CN¥0.033 loss per share (down from CN¥0.028 loss in 2Q 2021). Revenue: CN¥96.9m (up 3.6% from 2Q 2021). Net loss: CN¥6.56m (loss widened 19% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Letong Chemical Co.,LTD Announces Directorate Appointments Letong Chemical Co.,LTD announced that at the Extraordinary General Meeting of 2022 held on 09 August 2022 elected Wu Zunjie and Zhang Caifeng as independent directors. Reported Earnings • Apr 30
First quarter 2022 earnings released: CN¥0.023 loss per share (vs CN¥0.016 loss in 1Q 2021) First quarter 2022 results: CN¥0.023 loss per share (down from CN¥0.016 loss in 1Q 2021). Revenue: CN¥100.8m (up 13% from 1Q 2021). Net loss: CN¥4.58m (loss widened 40% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 5 experienced directors. No highly experienced directors. Supervisor Li Xiao 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. Reported Earnings • Apr 03
Full year 2021 earnings released: CN¥0.19 loss per share (vs CN¥0.04 profit in FY 2020) Full year 2021 results: CN¥0.19 loss per share (down from CN¥0.04 profit in FY 2020). Revenue: CN¥387.7m (up 23% from FY 2020). Net loss: CN¥37.1m (down CN¥44.5m from profit in FY 2020). 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 02
Letong Chemical Co.,LTD, Annual General Meeting, Apr 20, 2022 Letong Chemical Co.,LTD, Annual General Meeting, Apr 20, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual accounts; to Appointment of 2022 audit firm; to Application for comprehensive credit line to banks by the Company and its wholly-owned subsidiaries; to Provision of guarantee for the bank comprehensive credit line applied for by wholly-owned subsidiaries; and to consider other matter. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.019 loss per share (vs CN¥0.004 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥108.0m (up 6.7% from 3Q 2020). Net loss: CN¥3.77m (loss widened 437% from 3Q 2020). 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 7% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.028 loss per share (vs CN¥0.04 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥93.5m (down 9.1% from 2Q 2020). Net loss: CN¥5.49m (down 174% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.016 loss per share (vs CN¥0.032 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¥89.6m (up 38% from 1Q 2020). Net loss: CN¥3.27m (loss narrowed 49% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 02
Letong Chemical Co.,LTD, Annual General Meeting, Mar 19, 2021 Letong Chemical Co.,LTD, Annual General Meeting, Mar 19, 2021, at 14:30 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 2021 reappointment of financial audit firm; and to discuss other matters. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS CN¥0.04 (vs CN¥1.46 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥314.6m (down 18% from FY 2019). Net income: CN¥7.31m (up CN¥298.8m from FY 2019). Profit margin: 2.3% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 22
New 90-day high: CN¥7.55 The company is up 5.0% from its price of CN¥7.17 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 29
New 90-day high: CN¥7.52 The company is up 4.0% from its price of CN¥7.23 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. Announcement • Jan 22
Letong Chemical Co.,LTD to Report Fiscal Year 2020 Results on Feb 27, 2021 Letong Chemical Co.,LTD announced that they will report fiscal year 2020 results on Feb 27, 2021 Is New 90 Day High Low • Jan 11
New 90-day low: CN¥6.37 The company is down 27% from its price of CN¥8.67 on 13 October 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 12% over the same period. Is New 90 Day High Low • Nov 09
New 90-day low: CN¥6.75 The company is down 1.0% from its price of CN¥6.82 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is flat over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥276.9m, with losses widening by 421% from the prior year. Total revenue was CN¥315.4m over the last 12 months, down 31% from the prior year. Announcement • Oct 27
Letong Chemical Co.,LTD announced that it expects to receive CNY 380 million in funding from Shenzhen Dacheng Asset Management Co., Ltd. Letong Chemical Co.,LTD (SZSE:002319) announced a private placement of up to CNY 380,000,000 in an equity round of funding on October 25, 2020. The transaction will include participation from returning investor Shenzhen Dacheng Asset Management Co., Ltd. The transaction is subject to approval from the shareholders' of the company. The transaction has been approved by the China Securities Regulatory Commission . Announcement • Aug 13
Letong Chemical Co.,LTD to Report First Half, 2020 Results on Aug 29, 2020 Letong Chemical Co.,LTD announced that they will report first half, 2020 results on Aug 29, 2020