Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥27.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.27 per share. Price Target Changed • May 29
Price target decreased by 12% to CN¥48.13 Down from CN¥54.62, the current price target is an average from 2 analysts. New target price is 43% above last closing price of CN¥33.76. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.80 for next year compared to CN¥1.92 last year. Major Estimate Revision • May 29
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥2.35 to CN¥1.80. Revenue forecast unchanged from CN¥4.51b at last update. Net income forecast to grow 40% next year vs 53% growth forecast for Chemicals industry in China. Consensus price target down from CN¥54.62 to CN¥48.13. Share price fell 4.1% to CN¥33.76 over the past week. Declared Dividend • May 27
Dividend increased to CN¥1.50 Dividend of CN¥1.50 is 63% higher than last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 29% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 22
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to CN¥45.78. The fair value is estimated to be CN¥38.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 2.6%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Reported Earnings • Apr 23
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.47 (down from CN¥0.67 in 1Q 2025). Revenue: CN¥876.5m (up 3.2% from 1Q 2025). Net income: CN¥139.9m (down 28% from 1Q 2025). Profit margin: 16% (down from 23% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 21% p.a. on average during the next 3 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 3% per year and the company’s share price has also fallen by 3% per year. Announcement • Mar 31
Xinxiang Richful Lube Additive Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Major Estimate Revision • Mar 27
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥4.89b to CN¥4.21b. EPS estimate fell from CN¥3.57 to CN¥2.97 per share. Net income forecast to grow 19% next year vs 49% growth forecast for Chemicals industry in China. Consensus price target down from CN¥75.67 to CN¥70.50. Share price fell 2.1% to CN¥47.67 over the past week. Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥2.50. Revenue: CN¥3.51b (up 11% from FY 2024). Net income: CN¥736.4m (up 1.9% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Mar 20
Xinxiang Richful Lube Additive Co.,Ltd., Annual General Meeting, Apr 10, 2026 Xinxiang Richful Lube Additive Co.,Ltd., Annual General Meeting, Apr 10, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xinxiang County, Henan China Announcement • Dec 31
Xinxiang Richful Lube Additive Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 21, 2026 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 21, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥0.69 (up from CN¥0.64 in 3Q 2024). Revenue: CN¥888.6m (up 11% from 3Q 2024). Net income: CN¥204.2m (up 13% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 25% 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 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Xinxiang Richful Lube Additive Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.58 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.60 (up from CN¥0.58 in 2Q 2024). Revenue: CN¥813.2m (up 3.4% from 2Q 2024). Net income: CN¥175.3m (up 5.5% from 2Q 2024). Profit margin: 22% (in line with 2Q 2024). Revenue is forecast to grow 24% 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 increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Xinxiang Richful Lube Additive Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Declared Dividend • May 17
Dividend reduced to CN¥1.20 Dividend of CN¥1.20 is 7.7% lower than last year. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (dividend approximately 11x free cash flows). The dividend has increased by an average of 30% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 22
Xinxiang Richful Lube Additive Co.,Ltd. Approves Final Cash Dividend for the Year 2024 Xinxiang Richful Lube Additive Co.,Ltd. held its Annual General Meeting of 2024 on 18 April 2025 and approved Cash dividend/10 shares (tax included) of CNY 12.00000000. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥64.59, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 143% over the past three years. Announcement • Apr 01
Xinxiang Richful Lube Additive Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Xinxiang Richful Lube Additive Co.,Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 12 for the year 2024. Announcement • Mar 31
Xinxiang Richful Lube Additive Co.,Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥2.52. Revenue: CN¥3.16b (up 12% from FY 2023). Net income: CN¥722.5m (up 19% from FY 2023). Profit margin: 23% (up from 22% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Mar 29
Xinxiang Richful Lube Additive Co.,Ltd., Annual General Meeting, Apr 18, 2025 Xinxiang Richful Lube Additive Co.,Ltd., Annual General Meeting, Apr 18, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xinxiang County, Henan China Price Target Changed • Feb 08
Price target increased by 8.5% to CN¥51.33 Up from CN¥47.33, the current price target is an average from 3 analysts. New target price is 7.3% above last closing price of CN¥47.85. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥2.63 last year. Announcement • Dec 31
Xinxiang Richful Lube Additive Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: CN¥0.64 (down from CN¥0.70 in 3Q 2023). Revenue: CN¥800.4m (down 1.7% from 3Q 2023). Net income: CN¥181.2m (down 9.8% from 3Q 2023). Profit margin: 23% (down from 25% in 3Q 2023). Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 22% 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 41% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Xinxiang Richful Lube Additive Co.,Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Price Target Changed • Sep 28
Price target decreased by 11% to CN¥63.04 Down from CN¥71.06, the current price target is an average from 3 analysts. New target price is 51% above last closing price of CN¥41.74. Stock is down 6.6% over the past year. The company is forecast to post earnings per share of CN¥2.43 for next year compared to CN¥2.63 last year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥41.74, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • Aug 26
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.53 in 2Q 2023). Revenue: CN¥786.3m (up 10% from 2Q 2023). Net income: CN¥166.1m (up 8.5% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 12% 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 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Xinxiang Richful Lube Additive Co.,Ltd. to Report First Half, 2024 Results on Aug 26, 2024 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report first half, 2024 results on Aug 26, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: CN¥0.53 (up from CN¥0.34 in 1Q 2023). Revenue: CN¥713.9m (up 14% from 1Q 2023). Net income: CN¥152.8m (up 58% from 1Q 2023). Profit margin: 21% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 19% p.a. on average during the next 3 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 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Apr 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Major Estimate Revision • Apr 02
Consensus revenue estimates fall by 28% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.69b to CN¥3.36b. EPS estimate fell from CN¥2.82 to CN¥2.31 per share. Net income forecast to grow 13% next year vs 50% growth forecast for Chemicals industry in China. Consensus price target of CN¥70.06 unchanged from last update. Share price rose 11% to CN¥40.55 over the past week. Announcement • Mar 30
Xinxiang Richful Lube Additive Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 27
Xinxiang Richful Lube Additive Co.,Ltd., Annual General Meeting, Apr 16, 2024 Xinxiang Richful Lube Additive Co.,Ltd., Annual General Meeting, Apr 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xinxiang County, Henan China Reported Earnings • Mar 27
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥2.63 (up from CN¥2.06 in FY 2022). Revenue: CN¥2.82b (down 7.6% from FY 2022). Net income: CN¥606.5m (up 3.1% from FY 2022). Profit margin: 22% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥43.98, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Chemicals industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.62 per share. Buy Or Sell Opportunity • Feb 07
Now 20% overvalued Over the last 90 days, the stock has fallen 7.4% to CN¥43.98. The fair value is estimated to be CN¥36.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Announcement • Dec 29
Xinxiang Richful Lube Additive Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Xinxiang Richful Lube Additive Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥44.08, 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 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.64 per share. Reported Earnings • Oct 24
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: CN¥0.70 (down from CN¥0.77 in 3Q 2022). Revenue: CN¥814.3m (down 20% from 3Q 2022). Net income: CN¥201.0m (down 7.6% from 3Q 2022). Profit margin: 25% (up from 21% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Major Estimate Revision • Aug 30
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.82b to CN¥4.09b. EPS estimate fell from CN¥2.83 to CN¥2.38 per share. Net income forecast to grow 44% next year vs 63% growth forecast for Chemicals industry in China. Consensus price target of CN¥71.06 unchanged from last update. Share price rose 8.9% to CN¥51.65 over the past week. Price Target Changed • Aug 29
Price target decreased by 17% to CN¥71.06 Down from CN¥86.10, the current price target is an average from 2 analysts. New target price is 40% above last closing price of CN¥50.90. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of CN¥2.38 for next year compared to CN¥2.06 last year. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥2.39 (vs CN¥0.33 in 2Q 2022) Second quarter 2023 results: EPS: CN¥2.39 (up from CN¥0.33 in 2Q 2022). Revenue: CN¥714.1m (up 14% from 2Q 2022). Net income: CN¥153.1m (up 62% from 2Q 2022). Profit margin: 21% (up from 15% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Buying Opportunity • Aug 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be CN¥65.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 59% in a year. Earnings is forecast to grow by 61% in the next year. Buying Opportunity • Jul 20
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be CN¥65.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 59% in a year. Earnings is forecast to grow by 61% in the next year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥54.55, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 58% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥65.92 per share. Announcement • Jul 01
Xinxiang Richful Lube Additive Co., Ltd to Report First Half, 2023 Results on Aug 24, 2023 Xinxiang Richful Lube Additive Co., Ltd announced that they will report first half, 2023 results on Aug 24, 2023 Major Estimate Revision • May 17
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥3.68 to CN¥3.25. Revenue forecast unchanged from CN¥4.82b at last update. Net income forecast to grow 61% next year vs 52% growth forecast for Chemicals industry in China. Consensus price target down from CN¥86.10 to CN¥71.58. Share price rose 2.3% to CN¥58.99 over the past week. Buying Opportunity • May 11
Now 56% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be CN¥129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 63% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 57% in a year. Earnings is forecast to grow by 75% in the next year. Announcement • May 06
Xinxiang Richful Lube Additive Co., Ltd Announces Final Cash Dividend on A Shares for the Year 2022, Payable on 12 May 2023 Xinxiang Richful Lube Additive Co. Ltd. announced final cash dividend of CNY 23.00000000 per 10 shares (tax included) on A Shares for the year 2022. Record date: 11 May 2023, Ex-date: 12 May 2023 and Payment date: 12 May 2023. Buying Opportunity • Apr 21
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 123% in the next 2 years. Reported Earnings • Apr 08
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥3.92 (up from CN¥1.34 in FY 2021). Revenue: CN¥3.05b (up 182% from FY 2021). Net income: CN¥588.1m (up 193% from FY 2021). Profit margin: 19% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥101, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 100% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥73.07 per share. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥139, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 172% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥72.45 per share. Major Estimate Revision • Jan 12
Consensus revenue estimates increase by 23% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥2.51b to CN¥3.09b. EPS estimate increased from CN¥2.71 to CN¥3.68 per share. Net income forecast to grow 95% next year vs 42% growth forecast for Chemicals industry in China. Consensus price target up from CN¥138 to CN¥163. Share price was steady at CN¥133 over the past week. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥123, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 57% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥81.90 per share. Major Estimate Revision • Nov 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥3.60 to CN¥2.67. Revenue forecast unchanged from CN¥3.10b at last update. Net income forecast to grow 13% next year vs 44% growth forecast for Chemicals industry in China. Consensus price target of CN¥138 unchanged from last update. Share price fell 6.1% to CN¥141 over the past week. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Xianping Cheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥2.13b to CN¥2.51b. EPS estimate unchanged from CN¥2.24 at last update. Chemicals industry in China expected to see average net income growth of 37% next year. Consensus price target up from CN¥116 to CN¥138. Share price rose 11% to CN¥146 over the past week. Reported Earnings • Oct 21
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥1.46 (up from CN¥0.21 in 3Q 2021). Revenue: CN¥1.02b (up 438% from 3Q 2021). Net income: CN¥217.5m (up CN¥185.9m from 3Q 2021). Profit margin: 21% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 103%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥128, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 65% over the past year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥105, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 19% over the past year. Reported Earnings • Aug 26
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CN¥0.63 (up from CN¥0.30 in 2Q 2021). Revenue: CN¥624.5m (up 161% from 2Q 2021). Net income: CN¥94.6m (up 110% from 2Q 2021). Profit margin: 15% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 33%, compared to a 42% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥88.80, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 5.6% over the past year. Price Target Changed • Jul 13
Price target increased to CN¥84.50 Up from CN¥75.50, the current price target is an average from 3 analysts. New target price is 35% above last closing price of CN¥62.82. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.70 for next year compared to CN¥1.34 last year. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥61.50, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the Chemicals industry in China. Total loss to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.88 per share. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥49.11, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 56% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.54 per share. Announcement • May 26
Xinxiang Richful Lube Additive Co., Ltd Approves Final Dividend for 2021, Payable on May 30, 2022 Xinxiang Richful Lube Additive Co. Ltd. approved the final dividend of CNY 8.0000000 per 10 shares (tax included) for 2021. Record date: 27 May 2022, Ex-date: 30 May 2022 and Payment date: 30 May 2022. Price Target Changed • May 24
Price target decreased to CN¥73.00 Down from CN¥96.10, the current price target is an average from 2 analysts. New target price is 69% above last closing price of CN¥43.29. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.34 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.34 (down from CN¥0.39 in 1Q 2021). Revenue: CN¥396.3m (up 61% from 1Q 2021). Net income: CN¥51.5m (down 13% from 1Q 2021). Profit margin: 13% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 56%, compared to a 43% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥54.13, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 31% over the past year. Reported Earnings • Apr 12
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.34. Revenue: CN¥1.08b (up 26% from FY 2020). Net income: CN¥201.0m (up 9.9% from FY 2020). Profit margin: 19% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 35%, compared to a 49% growth forecast for the industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.51 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥189.7m (down 25% from 3Q 2020). Net income: CN¥31.6m (down 45% from 3Q 2020). Profit margin: 17% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.51 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥239.3m (down 5.6% from 2Q 2020). Net income: CN¥45.2m (down 22% from 2Q 2020). Profit margin: 19% (down from 23% in 2Q 2020). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥90.99, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 19x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥87.50, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥105, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 18x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥94.72, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 21x in the Chemicals industry in China. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥1.58 (vs CN¥1.03 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥860.9m (up 31% from FY 2019). Net income: CN¥182.9m (up 86% from FY 2019). Profit margin: 21% (up from 15% in FY 2019). The increase in margin was driven by higher revenue.