Announcement • Apr 28
Jiujiang Shanshui Technology Co.,Ltd, Annual General Meeting, May 20, 2026 Jiujiang Shanshui Technology Co.,Ltd, Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Jiujiang, Jiangxi China Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.25 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.25 in FY 2024). Revenue: CN¥770.4m (up 53% from FY 2024). Net income: CN¥71.9m (up 36% from FY 2024). Profit margin: 9.3% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 31
Jiujiang Shanshui Technology Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Jiujiang Shanshui Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Jiujiang Shanshui Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiujiang Shanshui Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥26.78, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 44x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years. New Risk • Oct 28
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: 11% 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 Risks Earnings have declined by 27% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.063 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.063 in 3Q 2024). Revenue: CN¥193.5m (up 55% from 3Q 2024). Net income: CN¥36.4m (up 177% from 3Q 2024). Profit margin: 19% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 30
Jiujiang Shanshui Technology Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Jiujiang Shanshui Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥177.5m (up 23% from 2Q 2024). Net income: CN¥31.0m (down 13% from 2Q 2024). Profit margin: 18% (down from 25% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Jul 07
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 9th July 2025 Payment date: 9th July 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (61% 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 not increased over the past 3 years but payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 32% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Announcement • Jul 02
Jiujiang Shanshui Technology Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Jiujiang Shanshui Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 22
Jiujiang Shanshui Technology Co.,Ltd Proposes Final Cash Dividend for 2024 Jiujiang Shanshui Technology Co.,Ltd proposed final cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.098 in FY 2023) Full year 2024 results: EPS: CN¥0.25 (up from CN¥0.098 in FY 2023). Revenue: CN¥504.6m (up 1.9% from FY 2023). Net income: CN¥53.0m (up 152% from FY 2023). Profit margin: 11% (up from 4.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Jiujiang Shanshui Technology Co.,Ltd, Annual General Meeting, May 12, 2025 Jiujiang Shanshui Technology Co.,Ltd, Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Jiujiang, Jiangxi China Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥22.57, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 36x in the Chemicals industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Mar 31
Jiujiang Shanshui Technology Co.,Ltd to Report Q1, 2025 Results on Apr 21, 2025 Jiujiang Shanshui Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 21, 2025 New Risk • Mar 28
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 7.9% 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 Risks Earnings have declined by 28% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥23.10, the stock trades at a trailing P/E ratio of 59.6x. Average trailing P/E is 38x in the Chemicals industry in China. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.20, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 37x in the Chemicals industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Dec 31
Jiujiang Shanshui Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 21, 2025 Jiujiang Shanshui Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.063 (vs CN¥0.30 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.063 (up from CN¥0.30 loss in 3Q 2023). Revenue: CN¥124.8m (down 1.8% from 3Q 2023). Net income: CN¥13.1m (up CN¥77.3m from 3Q 2023). Profit margin: 11% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Announcement • Sep 30
Jiujiang Shanshui Technology Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Jiujiang Shanshui Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Aug 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.21 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 2Q 2023). Revenue: CN¥143.9m (down 6.1% from 2Q 2023). Net income: CN¥35.6m (down 22% from 2Q 2023). Profit margin: 25% (down from 30% in 2Q 2023). Announcement • Jul 24
Jiujiang Shanshui Technology Co.,Ltd (SZSE:301190) announces an Equity Buyback for CNY 100 million worth of its shares. Jiujiang Shanshui Technology Co.,Ltd (SZSE:301190) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at no more than CNY 20.68 per share. The shares will be used for employee stock ownership plans or equity incentives. If the company fails to complete the transfer within the prescribed period, it will comply with the procedures for reducing the registered capital in accordance with the law, and the un transferred shares will be cancelled. The program will be funded from company's own funds. The program will be valid till 12 months. Declared Dividend • Jul 01
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 5th July 2024 Payment date: 5th July 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (247% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 175% to bring the payout ratio under control. However, EPS has declined by 42% over the last 5 years so the company would need to reverse this trend. Announcement • Jun 29
Jiujiang Shanshui Technology Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Jiujiang Shanshui Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.12 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.12 in 1Q 2023). Revenue: CN¥104.0m (up 25% from 1Q 2023). Net income: CN¥18.6m (down 30% from 1Q 2023). Profit margin: 18% (down from 32% in 1Q 2023). Announcement • Apr 23
Jiujiang Shanshui Technology Co.,Ltd, Annual General Meeting, May 17, 2024 Jiujiang Shanshui Technology Co.,Ltd, Annual General Meeting, May 17, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Jiujiang, Jiangxi China Announcement • Mar 30
Jiujiang Shanshui Technology Co.,Ltd to Report Q1, 2024 Results on Apr 23, 2024 Jiujiang Shanshui Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 23, 2024 Board Change • Jan 23
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Liangen Huang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
Jiujiang Shanshui Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 23, 2024 Jiujiang Shanshui Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings have declined by 6.0% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 257% Paying a dividend despite having no free cash flows. Earnings have declined by 6.0% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.21 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.21 in 2Q 2022). Revenue: CN¥153.4m (up 7.4% from 2Q 2022). Net income: CN¥45.5m (flat on 2Q 2022). Profit margin: 30% (down from 32% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 01
Jiujiang Shanshui Technology Co.,Ltd to Report First Half, 2023 Results on Aug 15, 2023 Jiujiang Shanshui Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • Jun 29
Jiujiang Shanshui Technology Co.,Ltd Announces Final Dividend on A Shares for the Year 2022, Payable on July 5, 2023 Jiujiang Shanshui Technology Co.,Ltd announced final cash dividend/10 shares (tax included) of CNY1.50000000 on A shares for the year 2022. Record date is July 4, 2023. Ex-date is July 5, 2023. Payment date is July 5, 2023. Announcement • May 19
Jiujiang Shanshui Technology Co.,Ltd Approves Cash Dividend for 2022 Jiujiang Shanshui Technology Co.,Ltd approved Cash dividend per ten shares (tax included): CNY 1.500000000 for 2022, at its Annual General Meeting of 2022 on 16 May 2023. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.11 in 1Q 2022). Revenue: CN¥83.0m (down 20% from 1Q 2022). Net income: CN¥26.6m (up 9.9% from 1Q 2022). Profit margin: 32% (up from 23% in 1Q 2022). The increase in margin was driven by lower expenses. Announcement • Dec 08
Jiujiang Shanshui Technology Co.,Ltd Announces Board Appointments Jiujiang Shanshui Technology Co.,Ltd held its 4th Extraordinary General Meeting of 2022 on 06 December 2022 announced the appointment of Wu Tingting and Huang Liangen as non-independent directors and Liu Yanqing and Lu Gulin as non-employee supervisors. 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 Guoping Li 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. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.28 in 3Q 2021). Revenue: CN¥93.7m (down 38% from 3Q 2021). Net income: CN¥26.5m (down 41% from 3Q 2021). Profit margin: 28% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 47% 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 • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥20.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.21. Revenue: CN¥142.8m (down 3.7% from 2Q 2021). Net income: CN¥45.0m (up 24% from 2Q 2021). Profit margin: 32% (up from 24% in 2Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥27.95, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 29x in the Chemicals industry in China. Announcement • Jun 28
Jiujiang Shanshui Technology Co.,Ltd Announces Final Dividend on A Shares for the Year 2021, Payable on July 5, 2022 Jiujiang Shanshui Technology Co.,Ltd announced final cash dividend/10 shares (tax included) of CNY 1.50000000 on A shares for the year 2021. Record date is July 4, 2022. Ex-date is July 5, 2022. Payment date is July 5, 2022. Announcement • May 18
Jiujiang Shanshui Technology Co.,Ltd. Approves Final Dividend for 2021 Jiujiang Shanshui Technology Co.,Ltd. at its Annual General Meeting of 2021 on 13 May 2022, approved the profit distribution for 2021 of CNY 1.50000000 per 10 shares (tax included). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.084 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.084 in 1Q 2021). Revenue: CN¥103.5m (up 19% from 1Q 2021). Net income: CN¥24.2m (up 80% from 1Q 2021). Profit margin: 23% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 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. Announcement • Apr 20
Jiujiang Shanshui Technology Co.,Ltd Proposes Final Dividend for 2021 Jiujiang Shanshui Technology Co.,Ltd announced on 19 April 2022 the profit distribution proposal for 2021 of CNY 1.50000000 per 10 shares (tax included). Reported Earnings • Apr 19
Full year 2021 earnings released: EPS: CN¥0.88 (vs CN¥0.68 in FY 2020) Full year 2021 results: EPS: CN¥0.88 (up from CN¥0.68 in FY 2020). Revenue: CN¥552.3m (up 44% from FY 2020). Net income: CN¥142.4m (up 30% from FY 2020). Profit margin: 26% (down from 29% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥25.84, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 31x in the Chemicals industry in China.