Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥18.00, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 40x in the Chemicals industry in China. Total returns to shareholders of 9.1% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥24.59, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 42% over the past three years. Declared Dividend • Jul 04
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 9th July 2026 Payment date: 9th July 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (32% 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 increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Fujian Yuanli Active Carbon Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥28.66, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 49x in the Chemicals industry in China. Total returns to shareholders of 101% over the past three years. Announcement • Jun 10
Fujian Yuanli Active Carbon Co.,Ltd. Approves Cash Dividend for 2025 Fujian Yuanli Active Carbon Co.,Ltd. announced that at its Annual General Meeting held on 08 June 2026, shareholders approved the company’s 2025 profit distribution plan, cash dividend of CNY 1.00000000 per 10 shares (tax included). Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to CN¥26.38, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 49x in the Chemicals industry in China. Total returns to shareholders of 76% over the past three years. New Risk • May 22
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 8.6% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Apr 15
Fujian Yuanli Active Carbon Co.,Ltd., Annual General Meeting, Jun 08, 2026 Fujian Yuanli Active Carbon Co.,Ltd., Annual General Meeting, Jun 08, 2026, at 14:30 China Standard Time. Location: No. 8, Zhuxi Road, Yanping District, Nanping, Fujian China Announcement • Mar 31
Fujian Yuanli Active Carbon Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Feb 25
Fujian Yuanli Active Carbon Co.,Ltd. (SZSE:300174) announces an Equity Buyback for CNY 60 million worth of its shares. Fujian Yuanli Active Carbon Co., Ltd (SZSE:300174) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of shares. The shares will be repurchased at a price of not more than CNY 20 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be funded from own funds. The shares repurchased will be cancelled. The program will be valid till 12 months. Announcement • Dec 31
Fujian Yuanli Active Carbon Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Announcement • Dec 03
Fujian Yuanli Active Carbon Co.,Ltd. Approves Cash Dividend for Third Quarter 2025 Fujian Yuanli Active Carbon Co.,Ltd. at its 2nd Extraordinary General Meeting of 2025 on 01 December 2025 approved 2025 3rd quarter profit distribution plan of Cash dividend/10 shares (tax included) of CNY1.00000000. Announcement • Sep 30
Fujian Yuanli Active Carbon Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Announcement • Jul 08
Fujian Yuanli Active Carbon Co.,Ltd. Approves Final Cash Dividend on A Shares for the Year 2024, Payable on 11 July 2025 Fujian Yuanli Active Carbon Co.,Ltd. approved final cash dividend of CNY 1.30000000 per 10 A shares (tax included) for the Year 2024. Record date: 10 July 2025; Ex-date: 11 July 2025; and Payment date: 11 July 2025. Announcement • Jul 02
Fujian Yuanli Active Carbon Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • May 27
Fujian Yuanli Active Carbon Co.,Ltd. Approves Cash Dividend for 2024 Fujian Yuanli Active Carbon Co.,Ltd. at its AGM held on May 26, 2025 approved Cash dividend/10 shares (tax included): CNY 1.30000000 for 2024. Announcement • Apr 26
Fujian Yuanli Active Carbon Co.,Ltd., Annual General Meeting, Jun 09, 2025 Fujian Yuanli Active Carbon Co.,Ltd., Annual General Meeting, Jun 09, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanping, Fujian China Announcement • Mar 31
Fujian Yuanli Active Carbon Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Fujian Yuanli Active Carbon Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥17.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 18% over the past year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥412.5m (down 20% from 3Q 2023). Net income: CN¥64.2m (up 3.4% from 3Q 2023). Profit margin: 16% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. 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. 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¥14.21, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 4.8% over the past year. Announcement • Sep 30
Fujian Yuanli Active Carbon Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 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¥14.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 8.4% over the past year. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥516.7m (up 2.8% from 2Q 2023). Net income: CN¥70.2m (up 2.5% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Jul 17
Fujian Yuanli Active Carbon Co.,Ltd. (SZSE:300174) announces an Equity Buyback for CNY 80 million worth of its shares. Fujian Yuanli Active Carbon Co., Ltd (SZSE:300174) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of shares. The shares will be repurchased at a price of not more than CNY 17 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. Announcement • Jun 29
Fujian Yuanli Active Carbon Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • Jun 24
Dividend increased to CN¥0.10 Dividend of CN¥0.10 is 100% higher than last year. Ex-date: 28th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (13% 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 increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥467.2m (up 2.1% from 1Q 2023). Net income: CN¥77.6m (up 71% from 1Q 2023). Profit margin: 17% (up from 9.9% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Apr 16
Fujian Yuanli Active Carbon Co.,Ltd., Annual General Meeting, May 06, 2024 Fujian Yuanli Active Carbon Co.,Ltd., Annual General Meeting, May 06, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanping, Fujian China Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.57, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Total returns to shareholders of 5.4% over the past year. Announcement • Mar 30
Fujian Yuanli Active Carbon Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥11.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Chemicals industry in China. Announcement • Dec 29
Fujian Yuanli Active Carbon Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Announcement • Nov 29
Fujian Yuanli Active Carbon Co.,Ltd. Approves Election of Zhou Ying as Independent Director Fujian Yuanli Active Carbon Co.,Ltd. at its Extraordinary General Meeting held on 27 November 2023, approved election of Zhou Ying as an independent director. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.17 in 3Q 2022). Revenue: CN¥518.3m (up 13% from 3Q 2022). Net income: CN¥62.1m (up 17% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Announcement • Sep 30
Fujian Yuanli Active Carbon Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Fujian Yuanli Active Carbon Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 27, 2023 New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Jul 04
Fujian Yuanli Active Carbon Co.,Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date of 10 July 2023 Fujian Yuanli Active Carbon Co.,Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 07 July 2023, Ex-date: 10 July 2023 and Payment date of 10 July 2023. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.99, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Announcement • Jun 12
Fujian Yuanli Active Carbon Co.,Ltd. Approves Dividend for the Year 2022 Fujian Yuanli Active Carbon Co.,Ltd. approved at its AGM held on 08 June 2023 cash dividend/10 shares (tax included): CNY 0.50000000 for the year 2022. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.18 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.18 in 1Q 2022). Revenue: CN¥457.4m (down 7.7% from 1Q 2022). Net income: CN¥45.3m (down 20% from 1Q 2022). Profit margin: 9.9% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. 
