Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥14.13, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 9.9% over the past three years. Announcement • Jun 30
Kangda New Materials (Group) Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.80, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 49x in the Chemicals industry in China. Total returns to shareholders of 62% over the past three years. New Risk • Jun 10
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 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years. New Risk • May 07
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: 0.7% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.82 loss in FY 2024) Full year 2025 results: EPS: CN¥0.43 (up from CN¥0.82 loss in FY 2024). Revenue: CN¥5.24b (up 69% from FY 2024). Net income: CN¥125.4m (up CN¥371.6m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 21
Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026 Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 31
Kangda New Materials (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.067 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.067 loss in 3Q 2024). Revenue: CN¥1.49b (up 83% from 3Q 2024). Net income: CN¥32.9m (up CN¥52.8m from 3Q 2024). Profit margin: 2.2% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Kangda New Materials (Group) Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Kangda New Materials (Group) Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 14
Kangda New Materials (Group) Co., Ltd. (SZSE:002669) agreed to acquire 51% stake in Chengdu Zhongkehua Micro-Electronic Co., Ltd. from Nanjing Sihe Microtechnology Co., Ltd., Weihai Langshan Information Technology Co., Ltd., Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. (SHSE:603267) and Qingdao Chuyao Hongyi Venture Capital Fund Partnership Enterprise (Limited Partnership) for approximately CNY 280 million. Kangda New Materials (Group) Co., Ltd. (SZSE:002669) agreed to acquire 51% stake in Chengdu Zhongkehua Micro-Electronic Co., Ltd. from Nanjing Sihe Microtechnology Co., Ltd., Weihai Langshan Information Technology Co., Ltd., Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. (SHSE:603267) and Qingdao Chuyao Hongyi Venture Capital Fund Partnership Enterprise (Limited Partnership) for approximately CNY 280 million on August 14, 2025. A cash consideration of CNY 275.4 million will be paid by Kangda New Materials (Group) Co., Ltd. As part of consideration, CNY 275.4 million is paid towards common equity of Chengdu Zhongkehua Micro-Electronic Co., Ltd. Recently, Kangda New Materials made the first payment of CNY 27,540,000.
Kangda New Materials board approved the deal. New Risk • Jul 08
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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Jul 02
Kangda New Materials (Group) Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jun 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings have declined by 64% per year over the past 5 years. New Risk • May 05
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making. New Risk • May 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 64% per year over the past 5 years. Reported Earnings • Apr 23
Full year 2024 earnings released: CN¥0.82 loss per share (vs CN¥0.10 profit in FY 2023) Full year 2024 results: CN¥0.82 loss per share (down from CN¥0.10 profit in FY 2023). Revenue: CN¥3.10b (up 11% from FY 2023). Net loss: CN¥246.2m (down CN¥276.5m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 16, 2025 Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 31
Kangda New Materials (Group) Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Feb 12
Kangda New Materials (Group) Co., Ltd. Announces Board Elections Kangda New Materials (Group) Co., Ltd. announced that at its EGM held on February 10, 2025, shareholders approved the election of Chen Yu as non-independent director, Yang Jun as non-independent director, Qiu Jun as non-independent director and Xiao Guoxing as independent director. Announcement • Jan 20
Kangda New Materials (Group) Co., Ltd. (SZSE:002669) announces an Equity Buyback for CNY 200 million worth of its shares. Kangda New Materials (Group) Co., Ltd. (SZSE:002669) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 15 per share. The shares repurchased this time will be used for equity incentive plans or employee stock ownership plans in the future. The funds intended for the share repurchase will come from the company's own funds and special stock repurchase loan funds from financial institutions. The program will be valid for 12 months. Announcement • Dec 31
Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.067 loss per share (vs CN¥0.013 loss in 3Q 2023) Third quarter 2024 results: CN¥0.067 loss per share (further deteriorated from CN¥0.013 loss in 3Q 2023). Revenue: CN¥816.5m (up 16% from 3Q 2023). Net loss: CN¥20.0m (loss widened 432% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% 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 • Sep 30
Kangda New Materials (Group) Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Kangda New Materials (Group) Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.17 profit in 2Q 2023) Second quarter 2024 results: CN¥0.11 loss per share (down from CN¥0.17 profit in 2Q 2023). Revenue: CN¥826.8m (up 27% from 2Q 2023). Net loss: CN¥31.7m (down 162% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Jul 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 104% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Announcement • Jun 29
Kangda New Materials (Group) Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.083 loss per share (vs CN¥0.049 loss in 1Q 2023) First quarter 2024 results: CN¥0.083 loss per share (further deteriorated from CN¥0.049 loss in 1Q 2023). Revenue: CN¥535.6m (down 15% from 1Q 2023). Net loss: CN¥24.8m (loss widened 67% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.18 in FY 2022) Full year 2023 results: EPS: CN¥0.10 (down from CN¥0.18 in FY 2022). Revenue: CN¥2.79b (up 13% from FY 2022). Net income: CN¥30.3m (down 37% from FY 2022). Profit margin: 1.1% (down from 1.9% in FY 2022). 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 11% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 10, 2024 Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.51, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 34% over the past three years. Announcement • Mar 30
Kangda New Materials (Group) Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.43, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥8.30, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 40% over the past three years. Announcement • Dec 30
Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.069 loss in 3Q 2022) Third quarter 2023 results: CN¥0.013 loss per share (improved from CN¥0.069 loss in 3Q 2022). Revenue: CN¥705.4m (up 30% from 3Q 2022). Net loss: CN¥3.75m (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Jul 22
Kangda New Materials's Unit to Buy Shanghai Miracle Material Technology Kangda New Materials (Group) Co., Ltd. said unit plans to buy Shanghai Miracle Material Technology for CNY 618.3 million ($85.64 million). Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jing Li was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 13
Kangda New Materials (Group) Co., Ltd. Announces Election of Independent Directors Kangda New Materials (Group) Co., Ltd. at the Annual General Meeting of 2022 on 09 May 2023, elected Li Jing and Jiang Chaoshu as independent directors. Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.088 in FY 2021) Full year 2022 results: EPS: CN¥0.18 (up from CN¥0.088 in FY 2021). Revenue: CN¥2.47b (up 8.6% from FY 2021). Net income: CN¥47.9m (up 118% from FY 2021). Profit margin: 1.9% (up from 1.0% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hong Fan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.069 loss per share (vs CN¥0.10 loss in 3Q 2021) Third quarter 2022 results: CN¥0.069 loss per share (improved from CN¥0.10 loss in 3Q 2021). Revenue: CN¥543.4m (down 5.3% from 3Q 2021). Net loss: CN¥19.1m (loss narrowed 25% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.01 loss in 2Q 2021) Second quarter 2022 results: CN¥0.018 loss per share (down from CN¥0.01 loss in 2Q 2021). Revenue: CN¥487.6m (up 5.7% from 2Q 2021). Net loss: CN¥4.28m (loss widened 73% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • May 20
Kangda New Materials (Group) Co., Ltd. Omits Cash Dividend for the Year 2021 Kangda New Materials (Group) Co., Ltd. approved cash dividend of CNY 0.00000000 per 10 shares (tax included) for the year 2021, at its AGM held on 18 May 2022. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.088 (down from CN¥0.85 in FY 2020). Revenue: CN¥2.27b (up 18% from FY 2020). Net income: CN¥22.0m (down 90% from FY 2020). Profit margin: 1.0% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 15
Kangda New Materials (Group) Co., Ltd. Approves Executive Appointments Kangda New Materials (Group) Co., Ltd. at its Extraordinary General Meeting of 2022 on 11 February 2022 approved election of Huang Rangnan as non-independent directors, Fan Hong and Zhang Shanshan as independent directors, Liu Zhancheng as shareholder supervisors. Reported Earnings • Oct 29
Third quarter 2021 earnings released: CN¥0.10 loss per share (vs CN¥0.34 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥573.6m (down 8.0% from 3Q 2020). Net loss: CN¥25.5m (down 130% from profit in 3Q 2020). 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 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥13.23, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 34% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: CN¥0.01 loss per share (vs CN¥0.31 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¥461.2m (down 3.9% from 2Q 2020). Net loss: CN¥2.47m (down 103% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 11
Shanghai Kangda New Materials Group Co., Ltd. Announces to Implement Final Cash Distribution Plan of A shares for 2020, Payable on 17 May, 2020 Shanghai Kangda New Materials Group Co., Ltd. announced 2020 final distribution plan of A shares to be implemented. The company announced cash dividend (tax included) of CNY 2.000000 per 10 A Shares for the year 2020. Record date is 14 May, 2021; ex-date is 17 May, 2021 and payment date is 17 May, 2021. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.087 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥386.6m (up 80% from 1Q 2020). Net income: CN¥30.2m (up 37% from 1Q 2020). Profit margin: 7.8% (down from 10% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.56 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.93b (up 81% from FY 2019). Net income: CN¥215.0m (up 54% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥13.87 The company is down 17% from its price of CN¥16.80 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.56 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.93b (up 81% from FY 2019). Net income: CN¥215.1m (up 54% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 20
Shanghai Kangda New Materials Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021 Shanghai Kangda New Materials Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥14.72 The company is down 15% from its price of CN¥17.36 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. Is New 90 Day High Low • Jan 08
New 90-day low: CN¥15.30 The company is down 11% from its price of CN¥17.28 on 09 October 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 15% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥16.34 The company is down 7.0% from its price of CN¥17.57 on 11 September 2020. The Chinese market is up 3.0% 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. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥235.1m, up 112% from the prior year. Total revenue was CN¥1.71b over the last 12 months, up 87% from the prior year. Announcement • Oct 20
Shanghai Kangda New Materials Group Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Shanghai Kangda New Materials Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Oct 04
New 90-day low: CN¥16.55 The company is down 5.0% from its price of CN¥17.49 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Announcement • Aug 06
Yan Yueliang agreed to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. (SZSE:002669) for CNY 72 million. Yan Yueliang agreed to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. (SZSE:002669) on July 31, 2020. Yan Yueliang signed a share repurchase agreement to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. for CNY 72 million on August 1, 2020. Yan Yueliang must pay the transfer price on or before August 3, 2020. Post transaction, Yan Yueliang will hold 95% stake. Beijing Jinghanyu Electronic Engineering Technology Co., Ltd had total assets of CNY 395.4 million, net assets of CNY 296.1 million as on December 31, 2019 and had revenue of CNY 192.3 million, operating profit of CNY 86.9 million and net profit of CNY 74.4 million in 2019. The transaction does not need the shareholders’ approval. This deal has been approved in the 24th Meeting of the Shanghai Kangda New Materials Group Co., Ltd.’s 4th Directorate held on July 31, 2020. RSM China Certified Public Accountants acted as accountant for Shanghai Kangda New Materials Group Co., Ltd. Announcement • Jul 23
Shanghai Kangda New Materials Group Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Shanghai Kangda New Materials Group Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020