Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥31.91, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total loss to shareholders of 2.9% over the past three years. Announcement • Jun 30
Nanjing Hanrui Cobalt Co.,Ltd. to Report First Half, 2026 Results on Aug 01, 2026 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report first half, 2026 results on Aug 01, 2026 Declared Dividend • May 30
Dividend increased to CN¥0.17 Dividend of CN¥0.17 is 13% higher than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (19% 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 decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 79% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.0% EPS decline seen over the last 5 years. Announcement • Apr 15
Nanjing Hanrui Cobalt Co.,Ltd., Annual General Meeting, May 08, 2026 Nanjing Hanrui Cobalt Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: No. 527, Jiangjun Avenue, Jiangning District, Nanjing, Jiangsu China Announcement • Mar 31
Nanjing Hanrui Cobalt Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
Nanjing Hanrui Cobalt Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026 Announcement • Sep 30
Nanjing Hanrui Cobalt Co.,Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Jul 02
Nanjing Hanrui Cobalt Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 18
Nanjing Hanrui Cobalt Co.,Ltd., Annual General Meeting, May 08, 2025 Nanjing Hanrui Cobalt Co.,Ltd., Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Announcement • Mar 31
Nanjing Hanrui Cobalt Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Nanjing Hanrui Cobalt Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥44.27, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 42% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.21 in 3Q 2023). Revenue: CN¥1.62b (up 14% from 3Q 2023). Net income: CN¥104.5m (up 62% from 3Q 2023). Profit margin: 6.4% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. 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¥33.74, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 58% over the past three years. Announcement • Sep 30
Nanjing Hanrui Cobalt Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Nanjing Hanrui Cobalt 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 31% After last week's 31% share price gain to CN¥28.21, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 62% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥1.25b (up 6.9% from 2Q 2023). Net income: CN¥32.0m (down 34% from 2Q 2023). Profit margin: 2.6% (down from 4.1% in 2Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Nanjing Hanrui Cobalt Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 08
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 33% lower than last year. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 0.4%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (21% 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 decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 127% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 20
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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥32.97, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Metals and Mining industry in China. Total loss to shareholders of 51% over the past three years. Announcement • Apr 21
Nanjing Hanrui Cobalt Co.,Ltd., Annual General Meeting, May 22, 2024 Nanjing Hanrui Cobalt Co.,Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.69 in FY 2022) Full year 2023 results: EPS: CN¥0.45 (down from CN¥0.69 in FY 2022). Revenue: CN¥4.79b (down 5.9% from FY 2022). Net income: CN¥138.2m (down 35% from FY 2022). Profit margin: 2.9% (down from 4.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Apr 02
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 10.0% 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 Earnings have declined by 7.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Mar 30
Nanjing Hanrui Cobalt Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Feb 28
Nanjing Hanrui Cobalt Co.,Ltd. (SZSE:300618) commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on December 8, 2023. Nanjing Hanrui Cobalt Co.,Ltd. (SZSE:300618) commences share repurchases on February 27, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on December 8, 2023. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at no more than CNY 45.08 per share. The purpose of the program is to reduce the share capital of the company. The repurchased shares will be cancelled. The program will be funded from company's own funds. The authorization will be valid for 12 months. Announcement • Feb 24
Nanjing Hanrui Cobalt Co.,Ltd. Announces Board Appointments Nanjing Hanrui Cobalt Co.,Ltd. announced at the EG held on February 22, 2024, approved election of Zhang Aiqing, non-independent director; Xu Aidong as independent director. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.35, the stock trades at a trailing P/E ratio of 71.2x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total loss to shareholders of 78% over the past three years. Announcement • Dec 29
Nanjing Hanrui Cobalt Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 7.3% 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 7.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.17 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.17 loss in 3Q 2022). Revenue: CN¥1.42b (up 22% from 3Q 2022). Net income: CN¥64.6m (up CN¥116.0m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Nanjing Hanrui Cobalt Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Announcement • Jul 01
Nanjing Hanrui Cobalt Co.,Ltd. to Report First Half, 2023 Results on Jul 28, 2023 Nanjing Hanrui Cobalt Co.,Ltd. announced that they will report first half, 2023 results on Jul 28, 2023 Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.49 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.49 in 1Q 2022). Revenue: CN¥1.13b (down 19% from 1Q 2022). Net income: CN¥17.7m (down 88% from 1Q 2022). Profit margin: 1.6% (down from 11% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.17 loss per share (vs CN¥0.41 profit in 3Q 2021) Third quarter 2022 results: CN¥0.17 loss per share (down from CN¥0.41 profit in 3Q 2021). Revenue: CN¥1.17b (up 3.9% from 3Q 2021). Net loss: CN¥51.4m (down 139% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.82 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.43 (down from CN¥0.82 in 2Q 2021). Revenue: CN¥1.22b (up 17% from 2Q 2021). Net income: CN¥131.5m (down 49% from 2Q 2021). Profit margin: 11% (down from 25% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.56 (vs CN¥0.33 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.56 (up from CN¥0.33 in 1Q 2021). Revenue: CN¥1.57b (up 52% from 1Q 2021). Net income: CN¥173.6m (up 74% from 1Q 2021). Profit margin: 11% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: CN¥2.15 (vs CN¥1.18 in FY 2020) Full year 2021 results: EPS: CN¥2.15 (up from CN¥1.18 in FY 2020). Revenue: CN¥4.35b (up 93% from FY 2020). Net income: CN¥663.2m (up 98% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the next year, revenue is forecast to grow 4.4%, compared to a 38% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥96.50, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 78% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.34 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¥1.12b (up 82% from 3Q 2020). Net income: CN¥130.5m (up 30% from 3Q 2020). Profit margin: 12% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥82.88, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the Metals and Mining industry in China. Total loss to shareholders of 3.2% over the past three years. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.82 (vs CN¥0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.04b (up 99% from 2Q 2020). Net income: CN¥255.7m (up CN¥216.5m from 2Q 2020). Profit margin: 25% (up from 7.5% 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 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥91.82, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 18x in the Metals and Mining industry in China. Total loss to shareholders of 10% over the past three years. Upcoming Dividend • Jul 05
Upcoming dividend of CN¥0.22 per share Eligible shareholders must have bought the stock before 12 July 2021. Payment date: 12 July 2021. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (1.9%). Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.04b (up 103% from 1Q 2020). Net income: CN¥100.0m (up 339% from 1Q 2020). Profit margin: 9.6% (up from 4.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 06
New 90-day high: CN¥103 The company is up 62% from its price of CN¥63.32 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.99 per share. Is New 90 Day High Low • Dec 18
New 90-day high: CN¥76.95 The company is up 11% from its price of CN¥69.30 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.99 per share. Is New 90 Day High Low • Sep 29
New 90-day low: CN¥61.10 The company is down 3.0% from its price of CN¥62.72 on 01 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.13 per share.