Announcement • 21h
Yongxing Special Materials Technology Co.,Ltd to Report First Half, 2026 Results on Aug 25, 2026 Yongxing Special Materials Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥65.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 12% over the past three years. Major Estimate Revision • May 04
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CN¥2.14 to CN¥2.49. Revenue forecast steady at CN¥9.37b. Net income forecast to grow 51% next year vs 54% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥45.26 to CN¥50.60. Share price rose 7.2% to CN¥87.24 over the past week. Price Target Changed • May 01
Price target increased by 12% to CN¥50.60 Up from CN¥45.26, the current price target is an average from 3 analysts. New target price is 42% below last closing price of CN¥87.24. Stock is up 184% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥1.25 last year. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.92 (vs CN¥0.36 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.92 (up from CN¥0.36 in 1Q 2025). Revenue: CN¥2.43b (up 36% from 1Q 2025). Net income: CN¥489.0m (up 156% from 1Q 2025). Profit margin: 20% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin). Announcement • Apr 28
Yongxing Special Materials Technology Co.,Ltd, Annual General Meeting, May 19, 2026 Yongxing Special Materials Technology Co.,Ltd, Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Huzhou, Zhejiang China Announcement • Mar 31
Yongxing Special Materials Technology Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Yongxing Special Materials Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Mar 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to CN¥61.60. The fair value is estimated to be CN¥49.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has declined by 68%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 141% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥58.22, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Metals and Mining industry in China. Total returns to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.35 per share. Buy Or Sell Opportunity • Feb 27
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to CN¥64.90. The fair value is estimated to be CN¥49.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has declined by 68%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 142% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥46.84, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Metals and Mining industry in China. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.76 per share. Announcement • Dec 31
Yongxing Special Materials Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Yongxing Special Materials Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Price Target Changed • Dec 16
Price target increased by 15% to CN¥44.43 Up from CN¥38.80, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥46.54. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥1.53 for next year compared to CN¥1.97 last year. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥46.39, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Metals and Mining industry in China. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.23 per share. Price Target Changed • Nov 20
Price target increased by 11% to CN¥38.80 Up from CN¥34.98, the current price target is an average from 3 analysts. New target price is 29% below last closing price of CN¥54.75. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.72 for next year compared to CN¥1.97 last year. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.37 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.25 (down from CN¥0.37 in 3Q 2024). Revenue: CN¥1.85b (up 6.6% from 3Q 2024). Net income: CN¥130.8m (down 35% from 3Q 2024). Profit margin: 7.1% (down from 12% in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥45.82, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Metals and Mining industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥63.83 per share. Declared Dividend • Oct 19
First half dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 40% lower than last year. Ex-date: 22nd October 2025 Payment date: 22nd October 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 124% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 30
Yongxing Special Materials Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Yongxing Special Materials Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.76, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Metals and Mining industry in China. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥66.46 per share. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.40 (vs CN¥0.56 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.40 (down from CN¥0.56 in 2Q 2024). Revenue: CN¥1.90b (down 13% from 2Q 2024). Net income: CN¥209.4m (down 30% from 2Q 2024). Profit margin: 11% (down from 14% in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥8.11b to CN¥7.78b. EPS estimate also fell from CN¥1.77 per share to CN¥1.59 per share. Net income forecast to grow 26% next year vs 35% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥34.98 to CN¥36.75. Share price fell 2.1% to CN¥34.92 over the past week. Announcement • Aug 23
Yongxing Special Materials Technology Co.,Ltd Proposes Interim Cash Dividend for the Year 2025 Yongxing Special Materials Technology Co.,Ltd at its EGM to be held on September 10, 2025, proposed interim cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2025. Announcement • Jul 02
Yongxing Special Materials Technology Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Yongxing Special Materials Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.36 (vs CN¥0.88 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.36 (down from CN¥0.88 in 1Q 2024). Revenue: CN¥1.79b (down 22% from 1Q 2024). Net income: CN¥191.4m (down 59% from 1Q 2024). Profit margin: 11% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 27% per year. Announcement • Apr 17
Yongxing Special Materials Technology Co.,Ltd Approves Final Cash Dividend for 2024 Yongxing Special Materials Technology Co.,Ltd at its Annual General Meeting of 2024 on 15 April 2025 approved 2024 profit distribution plan: Cash dividend per 10 shares (tax included) per CNY 5.00000000. Price Target Changed • Apr 08
Price target decreased by 9.2% to CN¥35.59 Down from CN¥39.21, the current price target is an average from 4 analysts. New target price is 19% above last closing price of CN¥29.86. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.97 last year. Announcement • Mar 31
Yongxing Special Materials Technology Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Yongxing Special Materials Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Major Estimate Revision • Mar 31
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥9.22b to CN¥7.86b. EPS estimate fell from CN¥2.14 to CN¥1.77 per share. Net income forecast to shrink 8.8% next year vs 38% growth forecast for Metals and Mining industry in China . Consensus price target down from CN¥39.21 to CN¥37.34. Share price was steady at CN¥33.24 over the past week. Announcement • Mar 26
Yongxing Special Materials Technology Co.,Ltd Proposes Final Cash Dividend for the Year 2024 Yongxing Special Materials Technology Co.,Ltd announced on 25 March 2025 the profit distribution proposal for the year 2024 as final cash dividend per ten shares (tax included) of CNY 5.00000000. Reported Earnings • Mar 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.97 (down from CN¥6.33 in FY 2023). Revenue: CN¥8.07b (down 34% from FY 2023). Net income: CN¥1.04b (down 69% from FY 2023). Profit margin: 13% (down from 28% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 7.0%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Mar 25
Yongxing Special Materials Technology Co.,Ltd, Annual General Meeting, Apr 15, 2025 Yongxing Special Materials Technology Co.,Ltd, Annual General Meeting, Apr 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Huzhou, Zhejiang China Announcement • Dec 31
Yongxing Special Materials Technology Co.,Ltd to Report Fiscal Year 2024 Results on Mar 25, 2025 Yongxing Special Materials Technology Co.,Ltd announced that they will report fiscal year 2024 results on Mar 25, 2025 Buy Or Sell Opportunity • Nov 15
Now 23% undervalued Over the last 90 days, the stock has risen 39% to CN¥43.88. The fair value is estimated to be CN¥56.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 5.8% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥46.97, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.35 per share. Price Target Changed • Nov 06
Price target increased by 12% to CN¥38.41 Up from CN¥34.21, the current price target is an average from 4 analysts. New target price is 8.4% below last closing price of CN¥41.92. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥2.14 for next year compared to CN¥6.33 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.37 (down from CN¥2.15 in 3Q 2023). Revenue: CN¥1.74b (down 43% from 3Q 2023). Net income: CN¥202.4m (down 82% from 3Q 2023). Profit margin: 12% (down from 38% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥35.46, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.83 per share. Announcement • Sep 30
Yongxing Special Materials Technology Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Yongxing Special Materials Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Declared Dividend • Sep 28
First half dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 10th October 2024 Payment date: 10th October 2024 Dividend yield will be 6.6%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 62% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 34% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥38.07, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.78 per share. Announcement • Sep 24
Yongxing Special Materials Technology Co.,Ltd Approves Interim Cash Dividend for the 2024 Yongxing Special Materials Technology Co.,Ltd at its EGM held on September 20, 2024 approved interim cash dividend of CNY 5.00000000 per 10 shares (tax included) for the 2024. Buy Or Sell Opportunity • Sep 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥32.36. The fair value is estimated to be CN¥41.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥9.68b to CN¥8.76b. EPS estimate also fell from CN¥3.07 per share to CN¥2.07 per share. Net income forecast to shrink 44% next year vs 39% growth forecast for Metals and Mining industry in China . Consensus price target down from CN¥43.79 to CN¥38.38. Share price rose 3.3% to CN¥32.29 over the past week. New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.005% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.005% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Profit margins are more than 30% lower than last year (23% net profit margin). Announcement • Aug 31
Yongxing Special Materials Technology Co.,Ltd Announces Interim Dividend Distribution Proposal for the First Half of 2024 Yongxing Special Materials Technology Co.,Ltd announced the profit distribution proposal (interim dividend) (tax included) of CNY 5.0 per ten shares for the first half of 2024. Reported Earnings • Aug 30
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.56 (down from CN¥1.81 in 2Q 2023). Revenue: CN¥2.19b (down 34% from 2Q 2023). Net income: CN¥300.2m (down 69% from 2Q 2023). Profit margin: 14% (down from 29% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 15
Price target decreased by 9.2% to CN¥43.79 Down from CN¥48.22, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥32.19. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥3.07 for next year compared to CN¥6.33 last year. Buy Or Sell Opportunity • Jul 11
Now 21% overvalued Over the last 90 days, the stock has fallen 27% to CN¥36.10. The fair value is estimated to be CN¥29.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 3.0% in 2 years. Earnings are forecast to decline by 39% in the next 2 years. Announcement • Jun 29
Yongxing Special Materials Technology Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Yongxing Special Materials Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Price Target Changed • Jun 13
Price target decreased by 8.1% to CN¥48.22 Down from CN¥52.49, the current price target is an average from 4 analysts. New target price is 14% above last closing price of CN¥42.46. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥3.10 for next year compared to CN¥6.33 last year. Announcement • May 25
Yongxing Special Materials Technology Co.,Ltd Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 30 May 2024 Yongxing Special Materials Technology Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 20.00000000. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Major Estimate Revision • May 06
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥11.9b to CN¥9.66b. EPS estimate fell from CN¥5.78 to CN¥3.17 per share. Net income forecast to shrink 39% next year vs 36% growth forecast for Metals and Mining industry in China . Consensus price target down from CN¥52.49 to CN¥50.17. Share price was steady at CN¥48.01 over the past week. Announcement • May 02
Yongxing Special Materials Technology Co.,Ltd Proposes Final Cash Dividend for the Year 2023 Yongxing Special Materials Technology Co.,Ltd proposed final cash dividend of CNY 20.000000 per 10 shares (tax included) for the year 2023. Announcement • May 01
Yongxing Special Materials Technology Co.,Ltd, Annual General Meeting, May 21, 2024 Yongxing Special Materials Technology Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Huzhou, Zhejiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.88 (vs CN¥1.74 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.88 (down from CN¥1.74 in 1Q 2023). Revenue: CN¥2.30b (down 31% from 1Q 2023). Net income: CN¥468.3m (down 50% from 1Q 2023). Profit margin: 20% (down from 28% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Yongxing Special Materials Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Yongxing Special Materials Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥55.19, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.13 per share. 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¥43.06, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.81 per share. Announcement • Dec 29
Yongxing Special Materials Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Yongxing Special Materials Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Buying Opportunity • Dec 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be CN¥59.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 96%. Revenue is forecast to decline by 5.4% in 2 years. Earnings is forecast to decline by 47% in the next 2 years. New Risk • Dec 01
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 5.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 26% per year for the foreseeable future. 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 (5.9% average weekly change). Buying Opportunity • Nov 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be CN¥59.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 87%. Revenue is forecast to decline by 5.4% in 2 years. Earnings is forecast to decline by 47% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥2.15 (vs CN¥3.81 in 3Q 2022) Third quarter 2023 results: EPS: CN¥2.15 (down from CN¥3.81 in 3Q 2022). Revenue: CN¥3.05b (down 32% from 3Q 2022). Net income: CN¥1.15b (down 43% from 3Q 2022). Profit margin: 38% (down from 45% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥56.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 100%. Revenue is forecast to decline by 11% in 2 years. Earnings is forecast to decline by 57% in the next 2 years. Announcement • Oct 12
Yongxing Special Materials Technology Co.,Ltd (SZSE:002756) commences an Equity Buyback Plan for CNY 500 million worth of its shares, under the authorization approved on September 15, 2023. Yongxing Special Materials Technology Co.,Ltd (SZSE:002756) commences share repurchases on October 9, 2023, under the program mandated by the Extraordinary Shareholders' Meeting held on September 15, 2023. As per the mandate, the company is authorized to repurchase up to CNY 500 million worth of shares. The shares will be repurchased at a price of not more than CNY 80 per share. The repurchases will be funded from the company's own funds. Announcement • Sep 30
Yongxing Special Materials Technology Co.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Yongxing Special Materials Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Sep 19
Yongxing Special Materials Technology Co.,Ltd Announces Dividend Yongxing Special Materials Technology Co.,Ltd approved 2023 interim profit distribution plan at the Extraordinary General Meeting held on 15 September 2023. The company approved Cash dividend/10 shares (tax included) CNY 10.00000000. Major Estimate Revision • Sep 04
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥15.1b to CN¥13.3b. EPS estimate unchanged from CN¥6.92 per share at last update. Metals and Mining industry in China expected to see average net income growth of 55% next year. Consensus price target down from CN¥70.89 to CN¥63.65. Share price rose 4.1% to CN¥49.90 over the past week. Price Target Changed • Aug 30
Price target decreased by 10% to CN¥63.65 Down from CN¥70.89, the current price target is an average from 4 analysts. New target price is 26% above last closing price of CN¥50.46. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥6.90 for next year compared to CN¥11.99 last year. Announcement • Aug 30
Yongxing Special Materials Technology Co.,Ltd Proposes Interim Dividend for the First Half of 2023 Yongxing Special Materials Technology Co.,Ltd proposed interim cash dividend of CNY 10.00000000 per 10 shares (tax included) for the first half of 2023. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥1.81 (vs CN¥2.78 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.81 (down from CN¥2.78 in 2Q 2022). Revenue: CN¥3.32b (down 12% from 2Q 2022). Net income: CN¥972.7m (down 33% from 2Q 2022). Profit margin: 29% (down from 38% in 2Q 2022). Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be CN¥73.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 107%. Revenue is forecast to decline by 5.4% in 2 years. Earnings is forecast to decline by 22% in the next 2 years.