Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Jing Chen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 New Risk • Jun 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.5% 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 Risks Earnings have declined by 56% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥46.04, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 52x in the Chemicals industry in China. Total loss to shareholders of 10% over the past three years. New Risk • Apr 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. 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 Risks Earnings have declined by 52% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Mar 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Earnings have declined by 52% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Announcement • Mar 31
Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, Apr 22, 2026 Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, Apr 22, 2026, at 13:30 China Standard Time. Location: No. 58, Mazui Road, Changxingdao Economic Zone, Dalian, Liaoning China New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings have declined by 56% 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 Risk Earnings have declined by 56% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Dec 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Nov 01
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 7.4% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.069 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.069 loss in 3Q 2024). Revenue: CN¥332.3m (up 62% from 3Q 2024). Net income: CN¥20.9m (up CN¥27.9m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). Revenue is forecast to grow 21% 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, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jun 24
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 8.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 21
Full year 2024 earnings released: CN¥0.33 loss per share (vs CN¥0.41 profit in FY 2023) Full year 2024 results: CN¥0.33 loss per share (down from CN¥0.41 profit in FY 2023). Revenue: CN¥810.1m (down 15% from FY 2023). Net loss: CN¥33.0m (down 180% from profit in FY 2023). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Apr 21
Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 13, 2025 Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 13, 2025, at 13:30 China Standard Time. Location: No. 58, Mazui Road, Changxingdao Economic Zone, Dalian, Liaoning 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 8.2% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Mar 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Announcement • Dec 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: CN¥0.069 loss per share (vs CN¥0.29 profit in 3Q 2023) Third quarter 2024 results: CN¥0.069 loss per share (down from CN¥0.29 profit in 3Q 2023). Revenue: CN¥204.6m (down 42% from 3Q 2023). Net loss: CN¥6.97m (down 123% from profit in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Board Change • Oct 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. GM & Chairman of the Board Hongtao Yin is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 30
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (262% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Sep 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.20b to CN¥1.14b. EPS estimate also fell from CN¥1.43 per share to CN¥1.22 per share. Net income forecast to grow 1,053% next year vs 46% growth forecast for Chemicals industry in China. Consensus price target down from CN¥37.17 to CN¥31.54. Share price rose 7.5% to CN¥23.32 over the past week. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.064 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.041 (up from CN¥0.064 loss in 2Q 2023). Revenue: CN¥226.7m (up 18% from 2Q 2023). Net income: CN¥4.18m (up CN¥10.7m from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Jun 29
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 31x earnings). However, it is well covered by cash flows (48% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 3,408% to bring the payout ratio under control. EPS is expected to grow by 312% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 31
Liaoning Xinde New Material Technology Co., Ltd. Implements Cash Dividend on A Shares for 2023, Payable on 6 June 2024 Liaoning Xinde New Material Technology Co., Ltd. implemented cash dividend on A shares of CNY 3.00000000 for 2023. Record date: 05 June 2024. Ex-date: 06 June 2024. Payment date: 06 June 2024. Price Target Changed • Apr 26
Price target decreased by 15% to CN¥43.67 Down from CN¥51.49, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CN¥30.74. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥0.40 last year. Reported Earnings • Apr 25
First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.28 profit in 1Q 2023) First quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.28 profit in 1Q 2023). Revenue: CN¥134.1m (down 15% from 1Q 2023). Net loss: CN¥11.9m (down 142% from profit in 1Q 2023). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Apr 25
Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 15, 2024 Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 15, 2024, at 13:30 China Standard Time. Location: No. 58, Mazui Road, Changxingdao Economic Zone, Dalian, Liaoning China Reported Earnings • Apr 24
First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.28 profit in 1Q 2023) First quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.28 profit in 1Q 2023). Revenue: CN¥134.1m (down 15% from 1Q 2023). Net loss: CN¥11.9m (down 142% from profit in 1Q 2023). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. 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¥31.19, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥36.85, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 40% over the past year. Announcement • Mar 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.66, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥24.51, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Chemicals industry in China. Total loss to shareholders of 69% over the past year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥35.89, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 56% over the past year. Announcement • Dec 29
Liaoning Xinde New Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Announcement • Nov 08
Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) announces an Equity Buyback for CNY 60 million worth of its shares. Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price of not more than CNY 64.53 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months. Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.13b to CN¥1.02b. EPS estimate fell from CN¥2.20 to CN¥1.49 per share. Net income forecast to grow 188% next year vs 60% growth forecast for Chemicals industry in China. Consensus price target down from CN¥51.49 to CN¥44.03. Share price rose 14% to CN¥45.13 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.56 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.56 in 3Q 2022). Revenue: CN¥352.2m (up 34% from 3Q 2022). Net income: CN¥30.0m (down 29% from 3Q 2022). Profit margin: 8.5% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. New Risk • Oct 04
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). High level of non-cash earnings (61% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Sep 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Announcement • Sep 15
Liaoning Xinde New Material Technology Co., Ltd. Announces Board Changes Liaoning Xinde New Material Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 on 12 September 2023 appointed Wang Wei as non-independent director and Chen Jing as independent director. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.42b to CN¥1.32b. EPS estimate also fell from CN¥2.64 per share to CN¥2.17 per share. Net income forecast to grow 187% next year vs 63% growth forecast for Chemicals industry in China. Consensus price target down from CN¥64.85 to CN¥51.49. Share price fell 11% to CN¥43.31 over the past week. Reported Earnings • Aug 25
Second quarter 2023 earnings released Second quarter 2023 results: CN¥0.064 loss per share. Net loss: CN¥6.49m (flat on 2Q 2022). 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 • Aug 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥48.41, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. New Risk • Aug 06
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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (69% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥64.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Chemicals industry in China. Announcement • Jul 01
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 19
Liaoning Xinde New Material Technology Co., Ltd. Approves Cash Dividend for the Year 2022 Liaoning Xinde New Material Technology Co., Ltd. announced that at its Annual General Meeting held on 12 May 2023, approved cash dividend/10 shares (tax included) of CNY 10.00000000 for the year 2022. Buying Opportunity • Mar 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 104% in 2 years. Earnings is forecast to grow by 159% in the next 2 years. Buying Opportunity • Jan 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 112% in 2 years. Earnings is forecast to grow by 167% in the next 2 years. Buying Opportunity • Dec 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be CN¥158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 112% in 2 years. Earnings is forecast to grow by 167% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥125, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the Chemicals industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥113 per share. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥118, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 20x in the Electrical industry in China.