New Risk • May 12
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 8.2% 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 Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥39m free cash flow). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). New Risk • Apr 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥39m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Announcement • Apr 13
Hangzhou Gaoxin Materials Technology Co., Ltd., Annual General Meeting, May 07, 2026 Hangzhou Gaoxin Materials Technology Co., Ltd., Annual General Meeting, May 07, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 11
Full year 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.19 loss in FY 2024) Full year 2025 results: CN¥0.22 loss per share (further deteriorated from CN¥0.19 loss in FY 2024). Revenue: CN¥391.8m (up 2.1% from FY 2024). Net loss: CN¥27.4m (loss widened 12% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • Mar 31
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.077 loss per share (vs CN¥0.058 loss in 3Q 2024) Third quarter 2025 results: CN¥0.077 loss per share (further deteriorated from CN¥0.058 loss in 3Q 2024). Revenue: CN¥113.5m (up 20% from 3Q 2024). Net loss: CN¥9.72m (loss widened 32% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Sep 30
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Sep 04
Beijing Jurong Weiye Energy Technology Co., Ltd. completed the acquisition of 19.03% stake in Hangzhou Gaoxin Materials Technology Co., Ltd. (SZSE:300478) from Zhejiang Donghang Holding Group Co., Ltd. Beijing Jurong Weiye Energy Technology Co., Ltd. signed memorandum to acquire 19.03% stake in Hangzhou Gaoxin Materials Technology Co., Ltd. (SZSE:300478) from Zhejiang Donghang Holding Group Co., Ltd. on June 30, 2025. On August 8, 2025, Beijing Jurong Weiye Energy Technology signed Share Transfer Agreement to acquire 19.03% stake in Hangzhou Gaoxin Materials Technology from Zhejiang Donghang Holding Group for approximately CNY 490 million. A cash consideration of CNY 20.5253 per shares will be paid by Beijing Jurong Weiye Energy Technology for 24,105,872 shares.
Beijing Jurong Weiye Energy Technology Co., Ltd. completed the acquisition of 19.03% stake in Hangzhou Gaoxin Materials Technology Co., Ltd. (SZSE:300478) from Zhejiang Donghang Holding Group Co., Ltd on September 2, 2025. New Risk • Aug 21
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 9.4% 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. This is currently the only risk that has been identified for the company. Announcement • Jul 02
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 25
Full year 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.19 profit in FY 2023) Full year 2024 results: CN¥0.19 loss per share (down from CN¥0.19 profit in FY 2023). Revenue: CN¥383.8m (down 1.2% from FY 2023). Net loss: CN¥24.3m (down 203% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 25
Hangzhou Gaoxin Materials Technology Co., Ltd., Annual General Meeting, May 16, 2025 Hangzhou Gaoxin Materials Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Feb 11
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 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 31
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.058 loss per share (vs CN¥0.42 profit in 3Q 2023) Third quarter 2024 results: CN¥0.058 loss per share (down from CN¥0.42 profit in 3Q 2023). Revenue: CN¥94.4m (down 9.5% from 3Q 2023). Net loss: CN¥7.39m (down 114% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥8.96, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 8.1% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.037 loss per share (vs CN¥0.03 loss in 2Q 2023) Second quarter 2024 results: CN¥0.037 loss per share (further deteriorated from CN¥0.03 loss in 2Q 2023). Revenue: CN¥84.1m (down 14% from 2Q 2023). Net loss: CN¥4.66m (loss widened 22% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Aug 20
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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥9.04, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 27x in the Chemicals industry in China. Total loss to shareholders of 5.0% over the past three years. Announcement • Jun 29
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.22, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Apr 21
Hangzhou Gaoxin Materials Technology Co., Ltd., Annual General Meeting, May 10, 2024 Hangzhou Gaoxin Materials Technology Co., Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.17 loss in FY 2022) Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.17 loss in FY 2022). Revenue: CN¥388.6m (up 5.6% from FY 2022). Net income: CN¥23.6m (up CN¥45.3m from FY 2022). Profit margin: 6.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.74, the stock trades at a trailing P/E ratio of 38.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 7.4% over the past three years. Announcement • Mar 30
Hangzhou Gaoxin Materials Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Hangzhou Gaoxin Materials Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.95, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥9.41, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 27x in the Chemicals industry in China. Total returns to shareholders of 7.1% over the past three years. Announcement • Feb 21
Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. Announces Director Changes Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. held its 2nd Extraordinary General Meeting of 2024 on 19 February 2024 were approved Election of non-independent directors as Chen Yazhou; Election of independent directors as Fu Shuwei, Wu Bozhen and Xu Qiang and Election of non-employee supervisors as Yu Bin and Deng Liantian. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.84, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥15.17, the stock trades at a trailing P/E ratio of 67.3x. Average trailing P/E is 36x in the Chemicals industry in China. Total returns to shareholders of 43% over the past three years. Announcement • Dec 29
Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.068 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.42 (up from CN¥0.068 loss in 3Q 2022). Revenue: CN¥104.3m (up 1.3% from 3Q 2022). Net income: CN¥52.9m (up CN¥61.8m from 3Q 2022). Profit margin: 51% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.03 loss per share (vs CN¥0.005 loss in 2Q 2022) Second quarter 2023 results: CN¥0.03 loss per share (further deteriorated from CN¥0.005 loss in 2Q 2022). Revenue: CN¥97.6m (down 1.1% from 2Q 2022). Net loss: CN¥3.84m (loss widened 489% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 22
Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. Approves Director Appointments Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. announced at the EGM held on August 18, 2023, approved election of Ni Yunkang, Lu Zhenwei and Wang Chunjiang as non-independent directors. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.056 loss per share (vs CN¥0.01 profit in 1Q 2022) First quarter 2023 results: CN¥0.056 loss per share (down from CN¥0.01 profit in 1Q 2022). Revenue: CN¥71.5m (up 6.6% from 1Q 2022). Net loss: CN¥7.11m (down CN¥8.38m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Non-Employee Supervisor Lihong Bai is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 26
Third quarter 2022 earnings released: CN¥0.068 loss per share (vs CN¥0.096 profit in 3Q 2021) Third quarter 2022 results: CN¥0.068 loss per share (down from CN¥0.096 profit in 3Q 2021). Revenue: CN¥103.0m (down 7.6% from 3Q 2021). Net loss: CN¥8.84m (down 169% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.005 loss per share (vs CN¥0.10 profit in 2Q 2021) Second quarter 2022 results: CN¥0.005 loss per share (down from CN¥0.10 profit in 2Q 2021). Revenue: CN¥98.7m (up 4.0% from 2Q 2021). Net loss: CN¥651.0k (down 105% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.061 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.01 (up from CN¥0.061 loss in 1Q 2021). Revenue: CN¥67.1m (down 3.4% from 1Q 2021). Net income: CN¥1.27m (up CN¥9.02m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). 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 13% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Non-Independent Director Junji Fu is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.10 (up from CN¥1.50 loss in FY 2020). Revenue: CN¥387.6m (down 5.7% from FY 2020). Net income: CN¥13.3m (up CN¥202.7m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% 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. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.096 (vs CN¥0.13 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥111.4m (down 2.3% from 3Q 2020). Net income: CN¥12.8m (up CN¥29.7m from 3Q 2020). Profit margin: 11% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
First quarter 2021 earnings released: CN¥0.061 loss per share (vs CN¥0.099 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CN¥69.5m (down 8.4% from 1Q 2020). Net loss: CN¥7.76m (loss narrowed 38% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥7.28 The company is down 48% from its price of CN¥13.90 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Announcement • Jan 20
Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. Announces Executive Elections Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. announced that it has elected Jiang Peng, Zhou Jianhua, Hong Chaosheng, and Fu Junji as non-independent directors; Wang Gang and Chen Yuanzhi as independent directors; and Bai Lihong as non-employee supervisors, at its Extraordinary General Meeting of 2021 on 15 January 2021. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥8.43 The company is down 35% from its price of CN¥12.96 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥9.13 The company is down 25% from its price of CN¥12.25 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Announcement • Aug 11
Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 
