New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings have declined by 9.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 9.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Jul 24
Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) announces an Equity Buyback for CNY 30 million worth of its shares. Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its common stock. The shares will be repurchased at a price not more than CNY 40.54 per share. The repurchased shares will be used for equity incentive or employee shareholding plan. The program will be valid for 12 months from directorates' approval date. Board Change • Jul 23
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. 4 non-independent directors. Independent Director Kaibing Xu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥21.05, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Jul 01
Shenzhen WOTE Advanced Materials Co.,Ltd to Report First Half, 2026 Results on Aug 19, 2026 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report first half, 2026 results on Aug 19, 2026 Declared Dividend • May 18
Dividend increased to CN¥0.075 Dividend of CN¥0.075 is 79% higher than last year. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 154% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% 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 Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Announcement • Apr 21
Shenzhen WOTE Advanced Materials Co.,Ltd, Annual General Meeting, May 11, 2026 Shenzhen WOTE Advanced Materials Co.,Ltd, Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥0.25 (up from CN¥0.14 in FY 2024). Revenue: CN¥2.05b (up 8.2% from FY 2024). Net income: CN¥64.4m (up 76% from FY 2024). Profit margin: 3.1% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 45%. Revenue is forecast to grow 23% 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 59% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.044 (vs CN¥0.043 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.044 (up from CN¥0.043 in 3Q 2024). Revenue: CN¥508.2m (up 5.8% from 3Q 2024). Net income: CN¥11.7m (up 14% from 3Q 2024). Profit margin: 2.3% (up from 2.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Sep 06
Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) entered into Share Transfer Agreement to acquire Valqua Seal Products (shanghai) Co., Ltd from Valqua, Ltd. (TSE:7995) for CNY 25.7 million. Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) entered into Share Transfer Agreement to acquire Valqua Seal Products (shanghai) Co., Ltd from Valqua, Ltd. (TSE:7995) for CNY 25.7 million on September 5, 2025. A cash consideration of CNY 25.72 million will be paid by Shenzhen WOTE Advanced Materials Co.,Ltd. As part of consideration, CNY 25.72 million is paid towards common equity of Valqua Seal Products (shanghai) Co., Ltd.
As of June 30, 2025, Valqua Seal Products (shanghai) Co., Ltd reported total assets of CNY 49.57 million and total common equity of CNY 26.74 million.
The transaction is subject to approval of offer by acquirer shareholders and approval of offer by acquirer board. The deal has been approved by the board. Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.047 (vs CN¥0.036 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.047 (up from CN¥0.036 in 2Q 2024). Revenue: CN¥511.5m (up 15% from 2Q 2024). Net income: CN¥12.3m (up 31% from 2Q 2024). Profit margin: 2.4% (up from 2.1% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Shenzhen WOTE Advanced Materials Co.,Ltd to Report First Half, 2025 Results on Aug 23, 2025 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report first half, 2025 results on Aug 23, 2025 New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Declared Dividend • May 26
Dividend increased to CN¥0.042 Dividend of CN¥0.042 is 500% higher than last year. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 0.2%, which is lower than the industry average of 2.6%. Announcement • May 22
Shenzhen WOTE Advanced Materials Co.,Ltd Approves Cash Dividend for 2024 Shenzhen Best of Best Holdings Co.,Ltd. announced that at its AGM held on 16 May 2025, the shareholders approved 2024 profit distribution plan: cash dividend/10 shares (tax included) of CNY 0.42000000. New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 25
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.14 (up from CN¥0.023 in FY 2023). Revenue: CN¥1.90b (up 24% from FY 2023). Net income: CN¥36.6m (up CN¥30.7m from FY 2023). Profit margin: 1.9% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 25
Shenzhen WOTE Advanced Materials Co.,Ltd, Annual General Meeting, May 16, 2025 Shenzhen WOTE Advanced Materials Co.,Ltd, Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Feb 16
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 8.4% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Announcement • Dec 31
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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). Earnings have declined by 28% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). New Risk • Aug 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Jun 29
Shenzhen WOTE Advanced Materials Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • May 29
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 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Declared Dividend • May 25
Dividend of CN¥0.007 announced Shareholders will receive a dividend of CN¥0.007. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 0.04%, which is lower than the industry average of 2.6%. Announcement • May 25
Shenzhen WOTE Advanced Materials Co., Ltd Announces Final Profit Distribution Plan (A Shares) for 2023, Payable on 30 May 2024 Shenzhen WOTE Advanced Materials Co. Ltd. announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) CNY 0.07000000. Record date is 29 May 2024, Ex-date is 30 May 2024, Payment date is 30 May 2024. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Kaibing Xu was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 21
Shenzhen WOTE Advanced Materials Co.,Ltd, Annual General Meeting, May 13, 2024 Shenzhen WOTE Advanced Materials Co.,Ltd, Annual General Meeting, May 13, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.023 (vs CN¥0.064 in FY 2022) Full year 2023 results: EPS: CN¥0.023 (down from CN¥0.064 in FY 2022). Revenue: CN¥1.54b (up 3.1% from FY 2022). Net income: CN¥5.90m (down 60% from FY 2022). Profit margin: 0.4% (down from 1.0% in FY 2022). The decrease in margin was driven by higher expenses. 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. New Risk • Apr 04
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 9.9% 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 have declined by 6.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Mar 30
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 29
Shenzhen WOTE Advanced Materials Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024 Shenzhen WOTE Advanced Materials Co.,Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024 Announcement • Dec 26
Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) announces an Equity Buyback for CNY 30 million worth of its shares. Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its common stock. The shares will be repurchased at a price not more than CNY 30.40 per share. The repurchased shares will be used for ESOP or equity incentive. The program will be valid for 12 months. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.008 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.018 (up from CN¥0.008 in 3Q 2022). Revenue: CN¥387.9m (up 1.7% from 3Q 2022). Net income: CN¥4.28m (up 128% from 3Q 2022). Profit margin: 1.1% (up from 0.5% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. New Risk • Oct 24
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 6.4% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Sep 30
Shenzhen Wote Advanced Materials Co.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Shenzhen Wote Advanced Materials Co.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Sep 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.026 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.026 (in line with 2Q 2022). Revenue: CN¥375.5m (down 1.5% from 2Q 2022). Net income: CN¥5.96m (up 3.7% from 2Q 2022). Profit margin: 1.6% (up from 1.5% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 54% 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 • Apr 08
Full year 2022 earnings released: EPS: CN¥0.064 (vs CN¥0.28 in FY 2021) Full year 2022 results: EPS: CN¥0.064 (down from CN¥0.28 in FY 2021). Revenue: CN¥1.49b (down 3.2% from FY 2021). Net income: CN¥14.6m (down 77% from FY 2021). Profit margin: 1.0% (down from 4.1% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.045 (vs CN¥0.042 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.045 (up from CN¥0.042 in 3Q 2021). Revenue: CN¥359.8m (flat on 3Q 2021). Net income: CN¥10.4m (up 8.2% from 3Q 2021). Profit margin: 2.9% (up from 2.7% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.091 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.026 (down from CN¥0.091 in 2Q 2021). Revenue: CN¥381.4m (down 12% from 2Q 2021). Net income: CN¥5.75m (down 72% from 2Q 2021). Profit margin: 1.5% (down from 4.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 01
Shenzhen WOTE Advanced Materials Co., Ltd announced that it expects to receive CNY 1.1958362 billion in funding Shenzhen WOTE Advanced Materials Co., Ltd announced a private placement of not more than 67,972,058 shares for gross proceeds of not more than CNY 1,195,836,200 on August 30, 2022. The transaction will include participation from not more than 35 specific investors. The pricing base date of this non-public offering of shares is the first day of the issuance period. The issuance price of this issuance shall not be lower than 80% of the company's average stock trading price in the 20 trading days prior to the pricing benchmark date (average stock trading price in the 20 trading days prior to the pricing benchmark date equal to total stock trading volume in the 20 trading days prior to the pricing benchmark date/pricing benchmark. The transaction has been reviewed and approved at the fourteenth meeting of the fourth session of the board of directors and still needs to be reviewed and approved by the company's general meeting of shareholders and China Securities Regulatory Commission. The shares shall not be transferred within six months from the date of the issue. Announcement • Jun 17
Shenzhen Wote Advanced Materials Co., Ltd Implements Final Profit Distribution Plan for 2021, Payable on June 22, 2022 Shenzhen WOTE Advanced Materials Co. Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) CNY 0.60000000. Record date is 21 June 2022, Ex-date is 22 June 2022, Payment date is 22 June 2022. Announcement • May 26
Shenzhen WOTE Advanced Materials Co., Ltd Proposes Final Cash Dividend for 2021 Shenzhen WOTE Advanced Materials Co. Ltd. at its AGM of 2021 held on May 23, 2022 approved cash dividend/10 shares (tax included): CNY 0.60000000. Announcement • Apr 27
Shenzhen WOTE Advanced Materials Co., Ltd Proposes Final Cash Dividend for 2021 Shenzhen WOTE Advanced Materials Co. Ltd. announced on April 26, 2022 the profit distribution proposal for 2021 is cash dividend/10 shares (tax included): CNY 0.60000000. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.28 (vs CN¥0.31 in FY 2020) Full year 2021 results: EPS: CN¥0.28 (down from CN¥0.31 in FY 2020). Revenue: CN¥1.54b (up 34% from FY 2020). Net income: CN¥63.2m (down 2.4% from FY 2020). Profit margin: 4.1% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.042 (vs CN¥0.05 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥359.6m (up 36% from 3Q 2020). Net income: CN¥9.59m (down 5.1% from 3Q 2020). Profit margin: 2.7% (down from 3.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.24, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥20.31, the stock trades at a trailing P/E ratio of 67x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥24.63, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 139% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.091 (vs CN¥0.17 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥435.3m (up 47% from 2Q 2020). Net income: CN¥20.4m (down 39% from 2Q 2020). Profit margin: 4.7% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥19.60, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 32x in the Chemicals industry in China. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 42% share price decline to CN¥13.75, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 43% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.03 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥323.0m (up 68% from 1Q 2020). Net income: CN¥20.3m (up 449% from 1Q 2020). Profit margin: 6.3% (up from 1.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% 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 • Mar 21
Full year 2020 earnings released: EPS CN¥0.53 (vs CN¥0.44 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.15b (up 28% from FY 2019). Net income: CN¥64.7m (up 37% from FY 2019). Profit margin: 5.6% (up from 5.3% in FY 2019). The increase in margin was driven by higher revenue. 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 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Shenzhen WOTE Advanced Materials Co., Ltd to Report Fiscal Year 2020 Results on Mar 20, 2021 Shenzhen WOTE Advanced Materials Co., Ltd announced that they will report fiscal year 2020 results on Mar 20, 2021 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥25.53, the stock is trading at a trailing P/E ratio of 38.4x, up from the previous P/E ratio of 33.2x. This compares to an average P/E of 35x in the Chemicals industry in China. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Dec 23
New 90-day low: CN¥23.79 The company is down 13% from its price of CN¥27.32 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥26.50 The company is down 14% from its price of CN¥30.90 on 30 July 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 3.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥72.1m, up 110% from the prior year. Total revenue was CN¥1.02b over the last 12 months, up 15% from the prior year. Announcement • Oct 19
Shenzhen WOTE Advanced Materials Co., Ltd to Report Q3, 2020 Results on Oct 26, 2020 Shenzhen WOTE Advanced Materials Co., Ltd announced that they will report Q3, 2020 results on Oct 26, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥26.64 The company is down 2.0% from its price of CN¥27.09 on 02 July 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 15% over the same period. Announcement • Aug 10
Shenzhen WOTE Advanced Materials Co., Ltd to Report First Half, 2020 Results on Aug 26, 2020 Shenzhen WOTE Advanced Materials Co., Ltd announced that they will report first half, 2020 results on Aug 26, 2020