Announcement • Jun 30
Xinxing Ductile Iron Pipes Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Announcement • Apr 10
Xinxing Ductile Iron Pipes Co., Ltd., Annual General Meeting, May 12, 2026 Xinxing Ductile Iron Pipes Co., Ltd., Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wu'an, Hebei China Announcement • Mar 31
Xinxing Ductile Iron Pipes Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Xinxing Ductile Iron Pipes Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Announcement • Sep 30
Xinxing Ductile Iron Pipes Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Xinxing Ductile Iron Pipes Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 12
Xinxing Ductile Iron Pipes Co., Ltd. Proposes Final Cash Dividend for 2024 Xinxing Ductile Iron Pipes Co., Ltd. proposed final cash dividend of CNY 0.20000000 per 10 shares (tax included) for 2024. Announcement • Apr 11
Xinxing Ductile Iron Pipes Co., Ltd., Annual General Meeting, May 08, 2025 Xinxing Ductile Iron Pipes Co., Ltd., Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wu'an, Hebei China Announcement • Mar 31
Xinxing Ductile Iron Pipes Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Xinxing Ductile Iron Pipes Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.063 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.014 (down from CN¥0.063 in 3Q 2023). Revenue: CN¥8.35b (down 29% from 3Q 2023). Net income: CN¥55.7m (down 78% from 3Q 2023). Profit margin: 0.7% (down from 2.1% in 3Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Xinxing Ductile Iron Pipes Co., Ltd. to Report Q3, 2024 Results on Oct 22, 2024 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report Q3, 2024 results on Oct 22, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥3.52, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.42 per share. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.064 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.064 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥9.61b (down 24% from 2Q 2023). Net income: CN¥256.8m (down 48% from 2Q 2023). Profit margin: 2.7% (down from 3.9% in 2Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 10
Dividend reduced to CN¥0.06 Dividend of CN¥0.06 is 54% lower than last year. Ex-date: 12th July 2024 Payment date: 12th July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Xinxing Ductile Iron Pipes Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.043 (vs CN¥0.086 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.043 (down from CN¥0.086 in 1Q 2023). Revenue: CN¥9.12b (down 23% from 1Q 2023). Net income: CN¥170.9m (down 50% from 1Q 2023). Profit margin: 1.9% (down from 2.9% in 1Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.42 in FY 2022) Full year 2023 results: EPS: CN¥0.34 (down from CN¥0.42 in FY 2022). Revenue: CN¥43.3b (down 9.4% from FY 2022). Net income: CN¥1.35b (down 19% from FY 2022). Profit margin: 3.1% (down from 3.5% in FY 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Xinxing Ductile Iron Pipes Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Xinxing Ductile Iron Pipes Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 0.60000000 for the year 2023. Announcement • Apr 11
Xinxing Ductile Iron Pipes Co., Ltd., Annual General Meeting, May 16, 2024 Xinxing Ductile Iron Pipes Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wu'an, Hebei China Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Shufeng Yang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 30
Xinxing Ductile Iron Pipes Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.063 (vs CN¥0.079 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.063 (down from CN¥0.079 in 3Q 2022). Revenue: CN¥11.8b (up 2.5% from 3Q 2022). Net income: CN¥250.7m (down 20% from 3Q 2022). Profit margin: 2.1% (down from 2.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 30
Xinxing Ductile Iron Pipes Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥12.7b (down 9.3% from 2Q 2022). Net income: CN¥497.4m (flat on 2Q 2022). Profit margin: 3.9% (up from 3.5% in 2Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Buying Opportunity • Aug 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be CN¥5.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 62% in the next 2 years. Announcement • Jun 28
Xinxing Ductile Iron Pipes Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Xinxing Ductile Iron Pipes Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.42 (vs CN¥0.50 in FY 2021) Full year 2022 results: EPS: CN¥0.42 (down from CN¥0.50 in FY 2021). Revenue: CN¥47.8b (down 10% from FY 2021). Net income: CN¥1.68b (down 17% from FY 2021). Profit margin: 3.5% (down from 3.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Buying Opportunity • Nov 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be CN¥4.80, 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. Earnings per share has grown by 7.3%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 86% in the next 2 years. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Hua Hong Yan is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.079 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.079 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥11.5b (down 14% from 3Q 2021). Net income: CN¥313.9m (down 46% from 3Q 2021). Profit margin: 2.7% (down from 4.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.23 in 2Q 2021). Revenue: CN¥14.0b (down 9.1% from 2Q 2021). Net income: CN¥495.3m (down 45% from 2Q 2021). Profit margin: 3.5% (down from 5.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 6.8%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥13.0b (down 2.0% from 1Q 2021). Net income: CN¥568.8m (up 31% from 1Q 2021). Profit margin: 4.4% (up from 3.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.4%, compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Li Hui Wang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 20
Full year 2021 earnings released: EPS: CN¥0.50 (vs CN¥0.45 in FY 2020) Full year 2021 results: EPS: CN¥0.50 (up from CN¥0.45 in FY 2020). Revenue: CN¥53.3b (up 24% from FY 2020). Net income: CN¥2.01b (up 11% from FY 2020). Profit margin: 3.8% (down from 4.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.34, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥5.35, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.14 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥13.4b (up 15% from 3Q 2020). Net income: CN¥582.6m (up 1.5% from 3Q 2020). Profit margin: 4.3% (down from 4.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥15.4b (up 32% from 2Q 2020). Net income: CN¥899.0m (up 76% from 2Q 2020). Profit margin: 5.9% (up from 4.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.09 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥13.3b (up 62% from 1Q 2020). Net income: CN¥432.9m (up 21% from 1Q 2020). Profit margin: 3.3% (down from 4.4% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.38 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥43.0b (up 5.1% from FY 2019). Net income: CN¥1.81b (up 21% from FY 2019). Profit margin: 4.2% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Is New 90 Day High Low • Mar 04
New 90-day high: CN¥3.88 The company is up 1.0% from its price of CN¥3.83 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 31
New 90-day low: CN¥3.62 The company is down 1.0% from its price of CN¥3.66 on 03 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.63b, up 2.5% from the prior year. Total revenue was CN¥40.3b over the last 12 months, down 1.4% from the prior year. Is New 90 Day High Low • Oct 04
New 90-day low: CN¥3.59 The company is down 5.0% from its price of CN¥3.78 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period.