Announcement • Mar 31
Sino-High (China) Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Sino-High (China) Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 91% Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (91% cash payout ratio). Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.38 (up from CN¥0.32 in FY 2024). Revenue: CN¥443.8m (up 5.8% from FY 2024). Net income: CN¥66.6m (up 19% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Mar 17
Sino-High (China) Co., Ltd., Annual General Meeting, Apr 08, 2026 Sino-High (China) Co., Ltd., Annual General Meeting, Apr 08, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Announcement • Dec 31
Sino-High (China) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 18, 2026 Sino-High (China) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 18, 2026 Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥100.8m (up 4.4% from 3Q 2024). Net income: CN¥16.2m (up 30% from 3Q 2024). Profit margin: 16% (up from 13% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Announcement • Sep 30
Sino-High (China) Co., Ltd. to Report Q3, 2025 Results on Oct 21, 2025 Sino-High (China) Co., Ltd. announced that they will report Q3, 2025 results on Oct 21, 2025 Announcement • Sep 18
Sino-High (China) Co., Ltd. Approves Interim Profit Distribution for 2025 Sino-High (China) Co., Ltd. at its 1st EGM held on September 16, 2025 approved interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY 1.00000000. Announcement • Sep 02
Sino-High (China) Co., Ltd. Proposes Interim Profit Distribution Plan for 2025 Sino-High (China) Co., Ltd. at 1st Extraordinary General Meeting of 2025 to be held on September 16, 2025 proposed interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY1.00000000. Announcement • Jul 02
Sino-High (China) Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Sino-High (China) Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 1.6% per year over the past 5 years. New Risk • May 14
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: 13% Last year net profit margin: 21% 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin). New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 1.6% per year over the past 5 years. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.69 in FY 2023) Full year 2024 results: EPS: CN¥0.42 (down from CN¥0.69 in FY 2023). Revenue: CN¥419.5m (down 3.7% from FY 2023). Net income: CN¥56.0m (down 40% from FY 2023). Profit margin: 13% (down from 21% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Apr 26
Sino-High (China) Co., Ltd., Annual General Meeting, May 19, 2025 Sino-High (China) Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to CN¥32.00, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 36x in the Chemicals industry in China. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥20.79, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Mar 31
Sino-High (China) Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Sino-High (China) Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Sino-High (China) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Sino-High (China) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥32.12, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 36x in the Chemicals industry in China. Total returns to shareholders of 66% over the past three years. New Risk • Dec 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 11% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥24.06, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.091 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥96.6m (down 4.0% from 3Q 2023). Net income: CN¥12.5m (down 32% from 3Q 2023). Profit margin: 13% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥18.23, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 18% over the past three years. Announcement • Sep 30
Sino-High (China) Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Sino-High (China) Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥19.99, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 14% over the past year. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥105.9m (down 9.4% from 2Q 2023). Net income: CN¥18.4m (down 28% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Jun 29
Sino-High (China) Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Sino-High (China) Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • May 19
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 11% 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 (11% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.20 in 1Q 2023). Revenue: CN¥102.9m (down 8.5% from 1Q 2023). Net income: CN¥10.9m (down 58% from 1Q 2023). Profit margin: 11% (down from 23% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥19.20, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 12% over the past year. Announcement • Mar 30
Sino-High (China) Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Sino-High (China) Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.33, 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 11% over the past year. Announcement • Mar 23
Sino-High (China) Co., Ltd., Annual General Meeting, Apr 12, 2024 Sino-High (China) Co., Ltd., Annual General Meeting, Apr 12, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Reappointment of audit firm; to consider 2024 remuneration plan for directors; to consider 2024 remuneration plan for supervisors; to consider 2024 financial budget report; to consider Formulation of the system for audit firm appointment. Reported Earnings • Mar 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.69 (down from CN¥0.80 in FY 2022). Revenue: CN¥435.4m (up 9.4% from FY 2022). Net income: CN¥93.3m (down 13% from FY 2022). Profit margin: 21% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 28% 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 • Feb 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥27.10, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in China. Total returns to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥21.09, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥28.43, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 41% over the past year. Announcement • Dec 29
Sino-High (China) Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Sino-High (China) Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 61% After last week's 61% share price gain to CN¥32.70, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 80% over the past year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.16 in 3Q 2022). Revenue: CN¥100.6m (up 6.5% from 3Q 2022). Net income: CN¥18.3m (down 17% from 3Q 2022). Profit margin: 18% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.18 in 2Q 2022). Revenue: CN¥117.0m (up 40% from 2Q 2022). Net income: CN¥25.5m (up 6.5% from 2Q 2022). Profit margin: 22% (down from 29% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 • Jul 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 10.0% over the past year. Announcement • Jul 01
Sino-High (China) Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Sino-High (China) Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 1Q 2022). Revenue: CN¥112.5m (up 14% from 1Q 2022). Net income: CN¥26.3m (up 1.9% from 1Q 2022). Profit margin: 23% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Chemicals industry in China. Buying Opportunity • Mar 21
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥31.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 25% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Feb 18
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥1.03 (up from CN¥0.79 in FY 2021). Revenue: CN¥398.1m (up 16% from FY 2021). Net income: CN¥106.9m (up 61% from FY 2021). Profit margin: 27% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥31.22, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥26.68, 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 1.6% over the past year. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.21. Net income: CN¥22.1m (up CN¥22.1m from 3Q 2021). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.23. Net income: CN¥24.0m (up CN¥24.0m from 2Q 2021). Over the next year, revenue is forecast to grow 85%, compared to a 41% growth forecast for the Chemicals industry in China. Announcement • May 26
Sino-High (China) Co., Ltd. Announces 2021 Final Distribution Plan to Be Implemented (A Shares), Payable on 31 May 2022 Sino-High (China) Co., Ltd. announced 2021 final distribution plan to be implemented (A shares) of CNY 5.00000000 per 10 shares (tax included) with Record date: 30 May 2022; Ex-date: 31 May 2022; and Payment date: 31 May 2022. Announcement • May 19
Sino-High (China) Co., Ltd. Approves Cash Dividend for the Year 2021 Sino-High (China) Co., Ltd. announced that at its AGM held on May 17, 2022, shareholders approved the cash dividend of CNY 5.00 per 10 shares (tax included) for the year 2021. Announcement • Apr 27
Sino-High (China) Co., Ltd. Proposes Final Dividend for 2021 Sino-High (China) Co., Ltd. announced on 26 April 2022 the profit distribution proposal of final cash dividend per 10 shares (tax included) of CNY 5.0000000 for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.35 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.32. Revenue: CN¥99.1m (up 16% from 1Q 2021). Net income: CN¥25.8m (up 25% from 1Q 2021). Profit margin: 26% (up from 24% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Shareholder Supervisor Xiaogang Guo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
