Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥23.78, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 46x in the Chemicals industry in China. Total returns to shareholders of 49% over the past three years. New Risk • Jul 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 9.3% 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 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Announcement • Jun 30
Shandong Taihe Technologies Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Shandong Taihe Technologies Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥33.59, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 110% over the past three years. New Risk • Apr 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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 Earnings have declined by 18% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.57 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (down from CN¥0.57 in FY 2024). Revenue: CN¥2.81b (up 19% from FY 2024). Net income: CN¥74.9m (down 38% from FY 2024). Profit margin: 2.7% (down from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Apr 21
Shandong Taihe Technologies Co., Ltd., Annual General Meeting, May 11, 2026 Shandong Taihe Technologies Co., Ltd., Annual General Meeting, May 11, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zaozhuang, Shandong China Announcement • Mar 31
Shandong Taihe Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Shandong Taihe Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.11, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥35.82, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 48x in the Chemicals industry in China. Total returns to shareholders of 67% over the past three years. Announcement • Dec 31
Shandong Taihe Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Shandong Taihe Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥42.08, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥30.42, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥727.0m (up 28% from 3Q 2024). Net income: CN¥32.4m (up 9.8% from 3Q 2024). Profit margin: 4.5% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shandong Taihe Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 21, 2025 Shandong Taihe Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 21, 2025 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥30.19, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 24% over the past three years. Announcement • Jul 02
Shandong Taihe Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Shandong Taihe Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jun 23
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 9.3% 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 7.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (4.3% net profit margin). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥21.64, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 36x in the Chemicals industry in China. Total loss to shareholders of 15% over the past three years. Board Change • May 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Hongqing Jiang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 24
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 29th April 2025 Payment date: 29th April 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Announcement • Apr 23
Shandong Taihe Technologies Co., Ltd. Approves Final Cash Dividend on A Shares for 2024, Payable on 29 April 2025 Shandong Taihe Technologies Co., Ltd. its Annual General Meeting held on 18 April 2025 approved a final cash dividend of CNY 1.00000000 per 10 shares (tax included) (A shares) for the year 2024. Record date: 28 April 2025. Ex-date: 29 April 2025. Payment date: 29 April 2025. New Risk • Apr 22
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: 4.3% Last year net profit margin: 6.9% 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 Risk Earnings have declined by 7.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.3% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥14.02, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 37x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Apr 01
Shandong Taihe Technologies Co., Ltd. Proposes Final Cash Distribution for 2024 Shandong Taihe Technologies Co., Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY1.00000000. Announcement • Mar 31
Shandong Taihe Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Shandong Taihe Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.57 (vs CN¥0.67 in FY 2023) Full year 2024 results: EPS: CN¥0.57 (down from CN¥0.67 in FY 2023). Revenue: CN¥2.36b (up 6.9% from FY 2023). Net income: CN¥120.6m (down 15% from FY 2023). Profit margin: 5.1% (down from 6.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Shandong Taihe Technologies Co., Ltd., Annual General Meeting, Apr 18, 2025 Shandong Taihe Technologies Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zaozhuang, Shandong China Announcement • Dec 31
Shandong Taihe Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shandong Taihe Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Nov 09
Shandong Taihe Technologies Co., Ltd. Approves the Profit Distribution Proposal for the Third Quarter of 2024 Shandong Taihe Technologies Co., Ltd. at its held its 7th Extraordinary General Meeting of 2024 on 07 November 2024 approved the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 0.30000000. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥18.93, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 37x in the Chemicals industry in China. Total loss to shareholders of 3.1% over the past three years. New Risk • Oct 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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: 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 (4.9% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥568.7m (down 4.6% from 3Q 2023). Net income: CN¥29.5m (down 47% from 3Q 2023). Profit margin: 5.2% (down from 9.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Oct 24
Shandong Taihe Technologies Co., Ltd. Announces the Profit Distribution Proposal for the Third Quarter of 2024 Shandong Taihe Technologies Co., Ltd. announced on 23 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 0.30000000. Announcement • Sep 30
Shandong Taihe Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Shandong Taihe Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 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¥15.89, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 4.9% over the past three years. Announcement • Sep 12
Shandong Taihe Technologies Co., Ltd. Announces 2024 Interim Profit Distribution Plan Dividend Implementation (Cash Only), Payable on 20 September 2024 Shandong Taihe Technologies Co., Ltd. announced 2024 interim profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 19 September 2024; Ex-date: 20 September 2024; Payment date: 20 September 2024. Announcement • Sep 11
Shandong Taihe Technologies Co., Ltd. Approves Interim Cash Dividend for the Year 2024 Shandong Taihe Technologies Co., Ltd. at its Extraordinary General Meeting held on 09 September 2024, approved interim cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2024. Announcement • Aug 24
Shandong Taihe Technologies Co., Ltd. Proposes Interim Cash Dividend for the First Half of 2024 Shandong Taihe Technologies Co., Ltd. proposed interim Cash dividend/10 shares (tax included) of CNY0.50000000 for the first half of 2024. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.055 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥569.1m (up 8.5% from 2Q 2023). Net income: CN¥12.4m (down 56% from 2Q 2023). Profit margin: 2.2% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year. Announcement • Jun 29
Shandong Taihe Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Shandong Taihe Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥14.46, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 17% over the past three years. Declared Dividend • Apr 25
Dividend reduced to CN¥0.17 Dividend of CN¥0.17 is 64% lower than last year. Ex-date: 30th April 2024 Payment date: 30th April 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 74% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.8% EPS decline seen over the last 5 years. Buy Or Sell Opportunity • Apr 17
Now 25% overvalued Over the last 90 days, the stock has fallen 10% to CN¥13.85. The fair value is estimated to be CN¥11.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.2%. 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¥12.82, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 34% over the past three years. Announcement • Mar 30
Shandong Taihe Technologies Co., Ltd., Annual General Meeting, Apr 19, 2024 Shandong Taihe Technologies Co., Ltd., Annual General Meeting, Apr 19, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zaozhuang, Shandong China Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.67 (vs CN¥1.84 in FY 2022) Full year 2023 results: EPS: CN¥0.67 (down from CN¥1.84 in FY 2022). Revenue: CN¥2.21b (down 19% from FY 2022). Net income: CN¥141.8m (down 64% from FY 2022). Profit margin: 6.4% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. 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 12% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Shandong Taihe Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Shandong Taihe Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.32, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Chemicals industry in China. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.70, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 25% over the past three years. Announcement • Dec 30
Shandong Taihe Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 Shandong Taihe Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.40 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.40 in 3Q 2022). Revenue: CN¥596.2m (down 12% from 3Q 2022). Net income: CN¥55.4m (down 36% from 3Q 2022). Profit margin: 9.3% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 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: 9.2% Last year net profit margin: 16% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.2% net profit margin). Reported Earnings • Sep 04
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.54 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.54 in 2Q 2022). Revenue: CN¥524.5m (down 24% from 2Q 2022). Net income: CN¥28.2m (down 76% from 2Q 2022). Profit margin: 5.4% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% 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 • Apr 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥17.84, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 22% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: CN¥1.84 (vs CN¥1.29 in FY 2021) Full year 2022 results: EPS: CN¥1.84 (up from CN¥1.29 in FY 2021). Revenue: CN¥2.73b (up 23% from FY 2021). Net income: CN¥397.6m (up 43% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥27.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 25%. Buying Opportunity • Nov 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥29.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.22 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.40 (up from CN¥0.22 in 3Q 2021). Revenue: CN¥678.4m (up 29% from 3Q 2021). Net income: CN¥86.2m (up 81% from 3Q 2021). Profit margin: 13% (up from 9.1% in 3Q 2021). The increase in margin was driven by higher revenue. Announcement • Sep 23
Shandong Taihe Water Treatment Technologies Co., Ltd. (SZSE:300801) announces an Equity Buyback for CNY 150 million worth of its shares. Shandong Taihe Water Treatment Technologies Co., Ltd. (SZSE:300801) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The program is valid for 12 months. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.54 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.54 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥689.0m (up 55% from 2Q 2021). Net income: CN¥116.3m (up 246% from 2Q 2021). Profit margin: 17% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥28.92, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 65% over the past year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.58 (up from CN¥0.17 in 1Q 2021). Revenue: CN¥723.6m (up 76% from 1Q 2021). Net income: CN¥124.8m (up 234% from 1Q 2021). Profit margin: 17% (up from 9.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 22%. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥22.82, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 12% over the past year. Announcement • Apr 01
Shandong Taihe Water Treatment Technologies Co., Ltd. Approves Final Cash Dividend on A shares for the Year 2021, Payable on 08 April 2022 Shandong Taihe Water Treatment Technologies Co., Ltd. approved final cash dividend/10 shares (tax included) (A shares): of CNY 4.00000000 for the year 2021 at the AGM held on March 28, 2022. Record date: 07 April 2022. Ex-date: 08 April 2022. Payment date: 08 April 2022. Announcement • Mar 10
Shandong Taihe Water Treatment Technologies Co., Ltd. Announces Final Cash Dividend for the Year 2021 Shandong Taihe Water Treatment Technologies Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 4.00000000 for the year 2021. Reported Earnings • Mar 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.29 (up from CN¥0.90 in FY 2020). Revenue: CN¥2.21b (up 45% from FY 2020). Net income: CN¥278.5m (up 43% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 22%. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.23 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¥524.7m (up 47% from 3Q 2020). Net income: CN¥47.5m (down 2.3% from 3Q 2020). Profit margin: 9.1% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.36 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¥446.0m (up 3.0% from 2Q 2020). Net income: CN¥33.6m (down 56% from 2Q 2020). Profit margin: 7.5% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.22 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥412.2m (up 20% from 1Q 2020). Net income: CN¥37.3m (down 23% from 1Q 2020). Profit margin: 9.1% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS CN¥0.90 (vs CN¥1.03 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.53b (up 23% from FY 2019). Net income: CN¥195.2m (up 14% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Feb 18
Shandong Taihe Water Treatment Technologies Co., Ltd. to Report Fiscal Year 2020 Results on Mar 18, 2021 Shandong Taihe Water Treatment Technologies Co., Ltd. announced that they will report fiscal year 2020 results on Mar 18, 2021 Is New 90 Day High Low • Dec 28
New 90-day low: CN¥20.44 The company is down 31% from its price of CN¥29.75 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.23 per share. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥22.16 The company is down 23% from its price of CN¥28.89 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.25 per share. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥24.60 The company is down 23% from its price of CN¥31.95 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.47 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥210.1m, up 14% from the prior year. Total revenue was CN¥1.50b over the last 12 months, up 21% from the prior year. Announcement • Oct 17
Shandong Taihe Water Treatment Technologies Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Shandong Taihe Water Treatment Technologies Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Announcement • Jul 22
Shandong Taihe Water Treatment Technologies Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020 Shandong Taihe Water Treatment Technologies Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020 
