Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥22.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Chemicals industry in China. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥30.25, the stock trades at a trailing P/E ratio of 60.3x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 29% over the past three years. Announcement • Jun 30
Sinofibers Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Sinofibers Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥33.42, the stock trades at a trailing P/E ratio of 66.6x. Average forward P/E is 20x in the Chemicals industry in China. Total loss to shareholders of 29% over the past three years. New Risk • Apr 23
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: 31% Last year net profit margin: 45% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (31% net profit margin). Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.72 (down from CN¥0.81 in FY 2024). Revenue: CN¥846.1m (up 4.1% from FY 2024). Net income: CN¥314.6m (down 12% from FY 2024). Profit margin: 37% (down from 44% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 29% 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 fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 15
Sinofibers Technology Co.,Ltd., Annual General Meeting, May 08, 2026 Sinofibers Technology Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: Building 3, No. 256, Zhulin North Road, Tianning District, Changzhou, Jiangsu China Announcement • Mar 31
Sinofibers Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Sinofibers Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥35.22, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Chemicals industry in China. Total loss to shareholders of 28% over the past three years. New Risk • Mar 03
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 7.5% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Dec 31
Sinofibers Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 Sinofibers Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥40.80, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.28 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (down from CN¥0.28 in 3Q 2024). Revenue: CN¥220.3m (down 8.9% from 3Q 2024). Net income: CN¥81.5m (down 36% from 3Q 2024). Profit margin: 37% (down from 52% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 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 16% per year whereas the company’s share price has fallen by 15% per year. Announcement • Sep 30
Sinofibers Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Sinofibers Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.11 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.11 in 2Q 2024). Revenue: CN¥224.9m (up 56% from 2Q 2024). Net income: CN¥95.1m (up 109% from 2Q 2024). Profit margin: 42% (up from 32% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Sinofibers Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Sinofibers Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.13 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.26 (up from CN¥0.13 in 1Q 2024). Revenue: CN¥239.1m (up 63% from 1Q 2024). Net income: CN¥113.3m (up 91% from 1Q 2024). Profit margin: 47% (up from 40% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 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 11% per year whereas the company’s share price has fallen by 9% per year. New Risk • Apr 16
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. This is currently the only risk that has been identified for the company. Announcement • Apr 15
Sinofibers Technology Co.,Ltd., Annual General Meeting, May 07, 2025 Sinofibers Technology Co.,Ltd., Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: No. 56, Hehai East Road, Xinbei District, Changzhou, Jiangsu China Announcement • Mar 31
Sinofibers Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Sinofibers Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 26
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.81 (up from CN¥0.66 in FY 2023). Revenue: CN¥812.5m (up 45% from FY 2023). Net income: CN¥356.1m (up 23% from FY 2023). Profit margin: 44% (down from 52% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.9%. Revenue is forecast to grow 17% 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 fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.06, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 36% over the past three years. Board Change • Jan 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Chairman of the Board Yonggang Yang is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 31
Sinofibers Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Sinofibers Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥32.76, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 47% over the past three years. Price Target Changed • Oct 31
Price target increased by 25% to CN¥36.91 Up from CN¥29.49, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥30.88. Stock is up 0.6% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.66 last year. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 25%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥709.0m to CN¥745.8m. EPS estimate fell from CN¥1.05 to CN¥0.79 per share. Net income forecast to grow 46% next year vs 59% growth forecast for Chemicals industry in China. Consensus price target up from CN¥29.49 to CN¥36.91. Share price rose 6.6% to CN¥30.88 over the past week. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.081 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.081 in 3Q 2023). Revenue: CN¥241.7m (up 187% from 3Q 2023). Net income: CN¥126.5m (up 254% from 3Q 2023). Profit margin: 52% (up from 43% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 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 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than 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¥26.23, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 48% over the past three years. Announcement • Sep 30
Sinofibers Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Sinofibers Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥24.54, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 54% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥144.2m (up 32% from 2Q 2023). Net income: CN¥45.4m (down 25% from 2Q 2023). Profit margin: 32% (down from 56% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Sinofibers Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Sinofibers Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 31
Dividend of CN¥0.12 announced Shareholders will receive a dividend of CN¥0.12. Ex-date: 4th June 2024 Payment date: 4th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 17
Sinofibers Technology Co.,Ltd. (SZSE:300777) announces an Equity Buyback for CNY 30 million worth of its shares. Sinofibers Technology Co.,Ltd. (SZSE:300777) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 41.14 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The program will be valid for 12 months. Major Estimate Revision • May 03
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥847.2m to CN¥775.5m. EPS estimate also fell from CN¥1.02 per share to CN¥0.908 per share. Net income forecast to grow 109% next year vs 57% growth forecast for Chemicals industry in China. Consensus price target down from CN¥47.81 to CN¥30.31. Share price was steady at CN¥24.63 over the past week. Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 42% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.46b to CN¥847.2m. EPS estimate fell from CN¥1.95 to CN¥1.02 per share. Net income forecast to grow 134% next year vs 58% growth forecast for Chemicals industry in China. Consensus price target down from CN¥69.36 to CN¥47.81. Share price rose 3.0% to CN¥25.05 over the past week. Price Target Changed • Apr 25
Price target decreased by 9.3% to CN¥69.36 Down from CN¥76.50, the current price target is an average from 2 analysts. New target price is 181% above last closing price of CN¥24.69. Stock is down 53% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥0.66 last year. Board Change • Apr 25
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Chairman of the Board Yonggang Yang is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.34 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.34 in 1Q 2023). Revenue: CN¥146.8m (down 29% from 1Q 2023). Net income: CN¥59.2m (down 60% from 1Q 2023). Profit margin: 40% (down from 72% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 56% 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 19% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Sinofibers Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Sinofibers Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: No. 398, Tongjiang Avenue, Xinbei District, Changzhou, Jiangsu China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥22.44, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 42% over the past three years. Announcement • Mar 30
Sinofibers Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Sinofibers Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥30.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Chemicals 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¥55.07 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥19.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 60% over the past three years. Board Change • Jan 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Chairman of the Board Yonggang Yang is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 29
Sinofibers Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Sinofibers Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.081 (down from CN¥0.34 in 3Q 2022). Revenue: CN¥84.1m (down 59% from 3Q 2022). Net income: CN¥35.7m (down 74% from 3Q 2022). Profit margin: 43% (down from 66% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 66%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. 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 14% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Sinofibers Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Sinofibers Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.21 in 2Q 2022). Revenue: CN¥109.0m (down 23% from 2Q 2022). Net income: CN¥60.8m (down 35% from 2Q 2022). Profit margin: 56% (down from 66% in 2Q 2022). Revenue missed analyst estimates by 56%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 02
Sinofibers Technology Co.,Ltd. Implements Final Cash Dividend of A Shares for 2022, Payable on 07 June 2023 Sinofibers Technology Co.,Ltd. implemented final cash dividend of CNY 2.50000000 per 10 A shares (tax included) for 2022. Record date is 06 June 2023. Ex-date is 07 June 2023. Payment date is 07 June 2023. Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: CN¥1.39 (vs CN¥0.50 in FY 2021) Full year 2022 results: EPS: CN¥1.39 (up from CN¥0.50 in FY 2021). Revenue: CN¥797.2m (up 94% from FY 2021). Net income: CN¥595.5m (up 196% from FY 2021). Profit margin: 75% (up from 49% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥56.69, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years. Announcement • Dec 08
Sinofibers Technology Co.,Ltd. Announces Directorate Appointments Sinofibers Technology Co.,Ltd. at its Extraordinary General Meeting of 2022 held on 06 December 2022, approved Election and nomination of Li Baoshan, Peng Jisheng as non-independent directors, Election and nomination of Xie Gen, Liu Lihua as independent directors and Election of Guo Jianqiang, Ma Ruas non-employee supervisors. Price Target Changed • Nov 16
Price target decreased to CN¥69.33 Down from CN¥76.50, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥53.27. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥1.04 for next year compared to CN¥0.50 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Juqin Shen was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥204.2m (up 106% from 3Q 2021). Net income: CN¥135.7m (up 165% from 3Q 2021). Profit margin: 66% (up from 52% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 58%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥50.42, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 49% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥142.2m (up 11% from 2Q 2021). Net income: CN¥94.0m (up 52% from 2Q 2021). Profit margin: 66% (up from 48% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 107%, compared to a 40% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 27
Sinofibers Technology Co.,Ltd. Announces Cash Dividend, Payable on 31 May 2022 Sinofibers Technology Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.83000000. Record date as 30 May 2022, ex-date as May 31, 2022 and payment date as May 31, 2022. Announcement • May 21
Sinofibers Technology Co.,Ltd. Approves Cash Dividend for the Year 2021 Sinofibers Technology Co.,Ltd. announced that at its Annual General Meeting of 2021 held on May 19, 2022, shareholders approved cash dividend (tax included) of CNY 0.830 per 10 shares. Price Target Changed • May 07
Price target decreased to CN¥60.73 Down from CN¥76.50, the current price target is an average from 6 analysts. New target price is 25% above last closing price of CN¥48.50. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥0.50 last year. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.08 in 1Q 2021). Revenue: CN¥172.8m (up 136% from 1Q 2021). Net income: CN¥90.7m (up 184% from 1Q 2021). Profit margin: 53% (up from 44% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 98%, compared to a 42% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.095 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥99.3m (up 8.2% from 3Q 2020). Net income: CN¥51.2m (up 35% from 3Q 2020). Profit margin: 52% (up from 41% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.16 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥127.9m (up 3.2% from 2Q 2020). Net income: CN¥61.9m (down 6.2% from 2Q 2020). Profit margin: 48% (down from 53% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥43.42, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 18x in the Chemicals industry in China. Total returns to shareholders of 45% over the past year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.07 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¥73.2m (up 64% from 1Q 2020). Net income: CN¥31.9m (up 16% from 1Q 2020). Profit margin: 44% (down from 62% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.58 (vs CN¥0.36 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥389.5m (up 66% from FY 2019). Net income: CN¥232.3m (up 70% from FY 2019). Profit margin: 60% (up from 58% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥40.99 The company is down 16% from its price of CN¥49.01 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥40.99, the stock is trading at a trailing P/E ratio of 70.7x, down from the previous P/E ratio of 83.6x. This compares to an average P/E of 36x in the Chemicals industry in China. Total returns to shareholders over the past year are 2.7%. Announcement • Feb 24
Sinofibers Technology Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Sinofibers Technology Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Jan 05
New 90-day high: CN¥57.40 The company is up 9.0% from its price of CN¥52.48 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥42.88 The company is down 8.0% from its price of CN¥46.80 on 17 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 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥193.8m, up 30% from the prior year. Total revenue was CN¥335.5m over the last 12 months, up 33% from the prior year. Is New 90 Day High Low • Oct 09
New 90-day high: CN¥54.72 The company is up 25% from its price of CN¥43.86 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.86 per share. Announcement • Aug 13
Sinofibers Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Sinofibers Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020