New Risk • Jul 03
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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Crystal Clear Electronic Material Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026 Crystal Clear Electronic Material Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026 Announcement • Apr 28
Crystal Clear Electronic Material Co.,Ltd, Annual General Meeting, May 21, 2026 Crystal Clear Electronic Material Co.,Ltd, Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Mar 31
Crystal Clear Electronic Material Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Crystal Clear Electronic Material Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Crystal Clear Electronic Material Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Crystal Clear Electronic Material Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Announcement • Sep 30
Crystal Clear Electronic Material Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Crystal Clear Electronic Material Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Announcement • Jul 02
Crystal Clear Electronic Material Co.,Ltd to Report First Half, 2025 Results on Aug 23, 2025 Crystal Clear Electronic Material Co.,Ltd announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • May 22
Crystal Clear Electronic Material Co.,Ltd Approves the Cash Dividend Crystal Clear Electronic Material Co.,Ltd at its annual general meeting of 2024 held on 16 May 2025, approved the cash dividend/10 shares (tax included) of CNY 0.45000000. Announcement • Apr 25
Crystal Clear Electronic Material Co.,Ltd Proposes Final Cash Dividend for 2024 Crystal Clear Electronic Material Co.,Ltd announced on 24 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 0.45000000. Announcement • Apr 24
Crystal Clear Electronic Material Co.,Ltd, Annual General Meeting, May 16, 2025 Crystal Clear Electronic Material Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Mar 31
Crystal Clear Electronic Material Co.,Ltd to Report Q1, 2025 Results on Apr 24, 2025 Crystal Clear Electronic Material Co.,Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Crystal Clear Electronic Material Co.,Ltd to Report Fiscal Year 2024 Results on Apr 24, 2025 Crystal Clear Electronic Material Co.,Ltd announced that they will report fiscal year 2024 results on Apr 24, 2025 Announcement • Nov 20
Crystal Clear Electronic Material Co.,Ltd (SZSE:300655) signed a letter of intent to acquire remaining 76.10% stake in Jingrui (Hubei) Microelectronic Material Co., Ltd. Crystal Clear Electronic Material Co.,Ltd (SZSE:300655) signed a letter of intent to acquire remaining 76.10% stake in Jingrui (Hubei) Microelectronic Material Co., Ltd. from Hubei Changjiang (Qianjiang) Industrial Investment Fund Partnership Enterprise, Xiamen Min Southwest Hongsheng Science and Technology Innovation Fund Partnership Ent. (L.P.), National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., Shenzhen Guoxin Yihe Emerging Industry Private Equity Fund Partnership (Limited Partnership), Huaxin Investment Management Co., Ltd. and Guosen H&S Private Equity Management Co., Ltd. on November 17, 2024. The consideration consists of common equity of Crystal Clear Electronic Material Co.,Ltd to be issued for common equity of Jingrui (Hubei) Microelectronic Material Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Jingrui (Hubei) Microelectronic Material Co., Ltd.
As of June 30, 2024, Jingrui (Hubei) Microelectronic Material Co., Ltd. reported total assets of CNY 662.36 million and total common equity of CNY 552.86 million.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer board. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.005 (vs CN¥0.008 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.005 (down from CN¥0.008 in 3Q 2023). Revenue: CN¥366.6m (up 11% from 3Q 2023). Net income: CN¥5.64m (down 52% from 3Q 2023). Profit margin: 1.5% (down from 3.5% in 3Q 2023). Revenue is forecast to grow 16% 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 69 percentage points per year, which is a significant difference in performance. 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 7.4% 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). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Announcement • Sep 30
Crystal Clear Electronic Material Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Crystal Clear Electronic Material Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.009 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.003 (up from CN¥0.009 loss in 2Q 2023). Revenue: CN¥364.0m (up 9.4% from 2Q 2023). Net income: CN¥4.05m (up CN¥11.3m from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). Revenue is forecast to grow 15% 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, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Board Change • Jul 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Non-Independent Director Jian Kang Hu 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 • Jun 29
Crystal Clear Electronic Material Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Crystal Clear Electronic Material Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Apr 30
Crystal Clear Electronic Material Co.,Ltd, Annual General Meeting, May 31, 2024 Crystal Clear Electronic Material Co.,Ltd, Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China New Risk • Apr 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 96% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Announcement • Mar 30
Crystal Clear Electronic Material Co.,Ltd to Report Q1, 2024 Results on Apr 29, 2024 Crystal Clear Electronic Material Co.,Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.41, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Chemicals industry in China. Total returns to shareholders of 25% over the past three years. Announcement • Dec 29
Crystal Clear Electronic Material Co.,Ltd to Report Fiscal Year 2023 Results on Apr 23, 2024 Crystal Clear Electronic Material Co.,Ltd announced that they will report fiscal year 2023 results on Apr 23, 2024 Announcement • Nov 02
Crystal Clear Electronic's Unit to Sell Stakes to Sinopec Capital for Semiconductor Projects Crystal Clear Electronic Material Co.,Ltd said unit plans to sell 100.8 million shares to Sinopec Capital Co., Ltd. to raise CNY 850.0 million ($116.14 million) for semiconductor project. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.029 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.005 (down from CN¥0.029 in 3Q 2022). Revenue: CN¥331.0m (down 16% from 3Q 2022). Net income: CN¥11.7m (down 55% from 3Q 2022). Profit margin: 3.5% (down from 6.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Announcement • Sep 30
Crystal Clear Electronic Material Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Crystal Clear Electronic Material Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Sep 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.14 loss per share (vs CN¥0.051 profit in 2Q 2022) Second quarter 2023 results: CN¥0.14 loss per share (down from CN¥0.051 profit in 2Q 2022). Revenue: CN¥332.8m (down 32% from 2Q 2022). Net loss: CN¥7.21m (down 114% from profit in 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jul 06
Crystal Clear Electronic Material Co.,Ltd Announces Final Dividend on A Shares for the Year 2022, Payable on July 10, 2023 Crystal Clear Electronic Material Co.,Ltd announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2022. Record date is July 7, 2023. Ex-date is July 10, 2023. Payment date is July 10, 2023. Announcement • Jun 14
Crystal Clear Electronic Material Co.,Ltd Approves Cash Dividend/10 Shares for 2022 Crystal Clear Electronic Material Co.,Ltd at its Annual General Meeting of 2022 on 09 June 2023, during which the company approved Cash dividend/10 shares (tax included): CNY0.50000000. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.053 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.053 in 1Q 2022). Revenue: CN¥295.3m (down 35% from 1Q 2022). Net income: CN¥17.9m (down 44% from 1Q 2022). Profit margin: 6.1% (down from 7.1% in 1Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Non-Independent Director Pei Nan Luo is the most experienced director on the board, commencing their role in 2015. 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 27
Third quarter 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.087 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.049 (down from CN¥0.087 in 3Q 2021). Revenue: CN¥394.9m (down 11% from 3Q 2021). Net income: CN¥26.3m (down 47% from 3Q 2021). Profit margin: 6.7% (down from 11% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.087 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.087 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥492.3m (up 6.9% from 2Q 2021). Net income: CN¥50.8m (down 45% from 2Q 2021). Profit margin: 10% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 42% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥20.86, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 36% over the past year. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥20.00, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 18x in the Chemicals industry in China. Total loss to shareholders of 7.2% over the past year. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.068 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.068 in 1Q 2021). Revenue: CN¥450.5m (up 12% from 1Q 2021). Net income: CN¥32.0m (up 39% from 1Q 2021). Profit margin: 7.1% (up from 5.7% in 1Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 42% growth forecast for the industry in China. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy General Manager & Non-Independent Director Jian Kang Hu 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. Board Change • Apr 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy General Manager & Non-Independent Director Jian Kang Hu 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. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.12 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¥445.8m (up 56% from 3Q 2020). Net income: CN¥50.0m (up 31% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.053 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥460.4m (up 79% from 2Q 2020). Net income: CN¥92.1m (up 382% from 2Q 2020). Profit margin: 20% (up from 7.4% in 2Q 2020). Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorated over the past week After last week's 49% share price decline to CN¥18.91, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Chemicals industry in China. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.028 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥402.6m (up 135% from 1Q 2020). Net income: CN¥23.0m (up 441% from 1Q 2020). Profit margin: 5.7% (up from 2.5% in 1Q 2020). Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥34.85, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 22x in the Chemicals industry in China. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.44 (vs CN¥0.21 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.02b (up 35% from FY 2019). Net income: CN¥77.0m (up 146% from FY 2019). Profit margin: 7.5% (up from 4.1% in FY 2019). 
