Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥68.12, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 49x in the Chemicals industry in China. Total returns to shareholders of 339% over the past three years. Announcement • Apr 24
Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, May 15, 2026 Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.85 (vs CN¥0.65 in FY 2024) Full year 2025 results: EPS: CN¥0.85 (up from CN¥0.65 in FY 2024). Revenue: CN¥1.49b (up 9.0% from FY 2024). Net income: CN¥151.3m (up 33% from FY 2024). Profit margin: 10% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 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 8.6% 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 Dividend is not well covered by cash flows (168% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.88, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 47x in the Chemicals industry in China. Total returns to shareholders of 103% over the past three years. Announcement • Mar 31
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Q1, 2026 Results on Apr 27, 2026 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥382.0m (up 11% from 3Q 2024). Net income: CN¥42.3m (up 66% from 3Q 2024). Profit margin: 11% (up from 7.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥32.82, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 111% over the past three years. Announcement • Sep 30
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.16 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.16 in 2Q 2024). Revenue: CN¥368.0m (up 8.5% from 2Q 2024). Net income: CN¥36.9m (up 25% from 2Q 2024). Profit margin: 10.0% (up from 8.7% in 2Q 2024). 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 and the company’s share price has also increased by 20% per year. Announcement • Jul 02
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report First Half, 2025 Results on Aug 14, 2025 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report first half, 2025 results on Aug 14, 2025 New Risk • Jun 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥32.10, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years. Announcement • Apr 17
Poly Plastic Masterbatch (Suzhou) Co.,Ltd Proposes Final Cash Dividend for 2024 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced on 16 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 3.00000000. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: CN¥0.65 (vs CN¥0.62 in FY 2023) Full year 2024 results: EPS: CN¥0.65 (up from CN¥0.62 in FY 2023). Revenue: CN¥1.36b (up 14% from FY 2023). Net income: CN¥114.0m (up 15% from FY 2023). Profit margin: 8.4% (up from 8.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Announcement • Apr 16
Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, May 08, 2025 Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, May 08, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China New Risk • Apr 07
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 8.6% 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 4.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (328% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥20.94, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Announcement • Mar 31
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Q1, 2025 Results on Apr 28, 2025 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Dec 31
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Fiscal Year 2024 Results on Apr 16, 2025 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report fiscal year 2024 results on Apr 16, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥31.20, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥345.6m (down 2.3% from 3Q 2023). Net income: CN¥25.5m (down 24% from 3Q 2023). Profit margin: 7.4% (down from 9.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥33.65, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 39% over the past three years. Announcement • Sep 30
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Q3, 2024 Results on Oct 23, 2024 Poly Plastic Masterbatch (SuZhou) 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 31% After last week's 31% share price gain to CN¥31.02, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥25.19, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 21% over the past three years. New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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 Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings have declined by 6.2% 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. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16. Revenue: CN¥339.3m (up 19% from 2Q 2023). Net income: CN¥29.6m (up 6.2% from 2Q 2023). Profit margin: 8.7% (down from 9.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jun 29
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report First Half, 2024 Results on Aug 15, 2024 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report first half, 2024 results on Aug 15, 2024 Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥43.98, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥35.00, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 12% over the past three years. Declared Dividend • Apr 29
Dividend increased to CN¥0.50 Dividend of CN¥0.50 is 150% higher than last year. Ex-date: 6th May 2024 Payment date: 6th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (75% 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 remained flat since 3 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 17% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.3% EPS decline seen over the last 5 years. Announcement • Apr 27
Poly Plastic Masterbatch (SuZhou) Co.,Ltd Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 6 May 2024 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 5.00000000. Record date: 30 April 2024. Ex-date: 06 May 2024. Payment date: 06 May 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥326.5m (up 77% from 1Q 2023). Net income: CN¥25.8m (up 100% from 1Q 2023). Profit margin: 7.9% (up from 7.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥17.90, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 44% over the past three years. Announcement • Mar 30
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Q1, 2024 Results on Apr 24, 2024 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report Q1, 2024 results on Apr 24, 2024 Announcement • Mar 29
Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, Apr 19, 2024 Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CN¥0.62 (vs CN¥0.33 in FY 2022) Full year 2023 results: EPS: CN¥0.62 (up from CN¥0.33 in FY 2022). Revenue: CN¥1.20b (up 51% from FY 2022). Net income: CN¥99.5m (up 112% from FY 2022). Profit margin: 8.3% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Feb 08
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: Major Risk Earnings have declined by 20% 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 (7.5% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (22% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.25, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 52% over the past three years. Announcement • Dec 30
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Fiscal Year 2023 Results on Mar 29, 2024 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report fiscal year 2023 results on Mar 29, 2024 New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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 20% 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 (8.0% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.05 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.05 in 3Q 2022). Revenue: CN¥353.7m (up 79% from 3Q 2022). Net income: CN¥33.4m (up 373% from 3Q 2022). Profit margin: 9.5% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Oct 07
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 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 24% 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 (6.6% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Sep 30
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Q3, 2023 Results on Oct 21, 2023 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report Q3, 2023 results on Oct 21, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.073 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.073 in 2Q 2022). Revenue: CN¥286.4m (up 43% from 2Q 2022). Net income: CN¥27.9m (up 154% from 2Q 2022). Profit margin: 9.7% (up from 5.5% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • Jul 01
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report First Half, 2023 Results on Aug 15, 2023 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • May 06
Poly Plastic Masterbatch (SuZhou) Co.,Ltd Announces Implementation of Final Cash Dividend for 2022, Payable on 09 May 2023 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced implementation of final cash dividend (tax included) of CNY 2.00000000 per 10 A shares for 2022. Record date is 08 May 2023 with Ex-date on 09 May 2023 and Payment date on 09 May 2023. Net cash dividend/10 shares after tax: CNY 1.80000000 (CNY 2.00000000 - CNY 0.20000000). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.72 in FY 2021) Full year 2022 results: EPS: CN¥0.33 (down from CN¥0.72 in FY 2021). Revenue: CN¥791.8m (up 2.5% from FY 2021). Net income: CN¥46.9m (down 55% from FY 2021). Profit margin: 5.9% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of Supervisory Board Yang Fu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥198.1m (down 2.7% from 3Q 2021). Net income: CN¥7.08m (down 69% from 3Q 2021). Profit margin: 3.6% (down from 11% in 3Q 2021). Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.073 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.073 (down from CN¥0.21 in 2Q 2021). Revenue: CN¥200.7m (up 11% from 2Q 2021). Net income: CN¥11.0m (down 63% from 2Q 2021). Profit margin: 5.5% (down from 16% in 2Q 2021). Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥21.25, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 19% over the past year. Board Change • May 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Yang Fu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 12
Poly Plastic Masterbatch (Suzhou) Co.,Ltd Announces 2021 Final Profit Distribution, Payable on 16 May 2022 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares): Cash dividend of CNY 4.00000000 per 10 shares (tax included). Net cash dividend per 10 shares after tax is CNY 3.60000000. For the dividend record date is 13 May 2022, ex-date is 16 May 2022 and payment date of 16 May 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.19 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.19 in 1Q 2021). Revenue: CN¥190.4m (up 7.4% from 1Q 2021). Net income: CN¥19.5m (down 29% from 1Q 2021). Profit margin: 10% (down from 16% in 1Q 2021). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Yang Fu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Poly Plastic Masterbatch (SuZhou) Co.,Ltd Approves Cash Dividend for 2021 Poly Plastic Masterbatch (SuZhou) Co.,Ltd at the AGM held on April 19, 2022, approved the Cash dividend per 10 shares (tax included) of CNY 4.00000000 for the year 2021. Announcement • Apr 02
Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, Apr 19, 2022 Poly Plastic Masterbatch (SuZhou) Co.,Ltd, Annual General Meeting, Apr 19, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2022 financial budget report; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; to consider Reappointment of 2022 audit firm; to consider 2022 application for comprehensive credit line by the Company and its wholly-owned subsidiaries; to consider Permanently supplementing the working capital with some surplus raised funds; to consider Confirmation of 2021 continuing connected transactions and 2022 estimated continuing connected transactions; to consider 2022 remuneration for directors; to consider 2022 remuneration for supervisors; to consider Amendments to the Company's articles of association and handling of the industrial and commercial registration amendment; to consider Amendments to the rules of procedure governing shareholders' general meetings. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.72 (vs CN¥0.92 in FY 2020) Full year 2021 results: EPS: CN¥0.72 (down from CN¥0.92 in FY 2020). Revenue: CN¥772.4m (up 15% from FY 2020). Net income: CN¥103.3m (down 1.1% from FY 2020). Profit margin: 13% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Announcement • Mar 31
Poly Plastic Masterbatch (Suzhou) Co.,Ltd Proposes Dividend for 2021 Poly Plastic Masterbatch (SuZhou) Co.,Ltd proposed dividend for 2021 of CNY 4.000000 per 10 shares. Board Change • Dec 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Yang Fu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.30 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥203.5m (up 8.1% from 3Q 2020). Net income: CN¥23.0m (down 30% from 3Q 2020). Profit margin: 11% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥26.10, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 31x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥36.00, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 32x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥32.02, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 33x in the Chemicals industry in China. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.30 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥180.4m (down 4.2% from 2Q 2020). Net income: CN¥29.5m (down 9.7% from 2Q 2020). Profit margin: 16% (in line with 2Q 2020). Announcement • May 11
Poly Plastic Masterbatch (Suzhou) Co.,Ltd Announces 2020 Final Profit Distribution, Payable on 17 May 2021 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced 2020 final profit distribution plan to be implemented (A shares): Cash dividend of CNY 10.00000000 per 10 shares (tax included). Net cash dividend per 10 shares after tax is CNY 9.00000000. For the dividend record date is14 May 2021, ex-date is 17 May 2021 and payment date of 17 May 2021. Announcement • Feb 24
Poly Plastic Masterbatch (SuZhou) Co.,Ltd to Report Fiscal Year 2020 Results on Apr 08, 2021 Poly Plastic Masterbatch (SuZhou) Co.,Ltd announced that they will report fiscal year 2020 results on Apr 08, 2021 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥60.36, the stock is trading at a trailing P/E ratio of 31.8x, up from the previous P/E ratio of 27x. This compares to an average P/E of 36x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥59.81, the stock is trading at a trailing P/E ratio of 31.5x, up from the previous P/E ratio of 27.1x. This compares to an average P/E of 35x in the Chemicals industry in China.