Board Change • Jul 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xu Xu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Fujian Acetron New Materials Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Fujian Acetron New Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 11
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 Risks Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 65% per year over the past 5 years. Announcement • Apr 28
Fujian Acetron New Materials Co., Ltd., Annual General Meeting, May 19, 2026 Fujian Acetron New Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Announcement • Mar 31
Fujian Acetron New Materials Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Fujian Acetron New Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Fujian Acetron New Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Fujian Acetron New Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Announcement • Dec 04
Fujian Acetron New Materials Co., Ltd. announced that it expects to receive CNY 900 million in funding Fujian Acetron New Materials Co., Ltd. announced a private placement to issue 45,966,149 A shares for gross proceeds of CNY 900,000,000 on December 2, 2025. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 11th extraordinary meeting of the company’s 4th directorate and is subject to approvals of the company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Announcement • Sep 30
Fujian Acetron New Materials Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Fujian Acetron New Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Fujian Acetron New Materials Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Fujian Acetron New Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 28
Fujian Acetron New Materials Co., Ltd., Annual General Meeting, May 19, 2025 Fujian Acetron New Materials Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Announcement • Mar 31
Fujian Acetron New Materials Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Fujian Acetron New Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Fujian Acetron New Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Fujian Acetron New Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 New Risk • Nov 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 210% 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: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.041 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.041 in 3Q 2023). Revenue: CN¥344.6m (up 40% from 3Q 2023). Net income: CN¥4.93m (down 16% from 3Q 2023). Profit margin: 1.4% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Fujian Acetron New Materials Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Fujian Acetron New Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.067 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.048 (down from CN¥0.067 in 2Q 2023). Revenue: CN¥315.9m (up 30% from 2Q 2023). Net income: CN¥8.17m (down 26% from 2Q 2023). Profit margin: 2.6% (down from 4.5% in 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 2 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 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Fujian Acetron New Materials Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Fujian Acetron New Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 15
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 8.5% 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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Apr 30
Fujian Acetron New Materials Co., Ltd., Annual General Meeting, May 20, 2024 Fujian Acetron New Materials Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Announcement • Mar 30
Fujian Acetron New Materials Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Fujian Acetron New Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Board Change • Feb 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shouguang Zheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
Fujian Acetron New Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Fujian Acetron New Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 672% 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: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.041 (vs CN¥0.029 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.041 (up from CN¥0.029 in 3Q 2022). Revenue: CN¥246.5m (up 53% from 3Q 2022). Net income: CN¥5.89m (up 44% from 3Q 2022). Profit margin: 2.4% (down from 2.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals 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 1% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Fujian Acetron New Materials Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Fujian Acetron New Materials Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.04 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.067 (up from CN¥0.04 in 2Q 2022). Revenue: CN¥243.3m (up 54% from 2Q 2022). Net income: CN¥11.0m (up 78% from 2Q 2022). Profit margin: 4.5% (up from 3.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 19
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 6.2% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Announcement • May 19
Fujian Acetron New Materials Co., Ltd. Approves Cash Dividend for the Year 2022 Fujian Acetron New Materials Co., Ltd. announced at Annual General Meeting of 2022 held on 16 May 2023, the shareholders approved cash dividend of CNY 0.10000000 per ten shares (tax included) for the year 2022. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.058 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.029 (down from CN¥0.058 in 3Q 2021). Revenue: CN¥161.5m (down 14% from 3Q 2021). Net income: CN¥4.08m (down 34% from 3Q 2021). Profit margin: 2.5% (down from 3.3% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.026 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.026 in 2Q 2021). Revenue: CN¥158.4m (up 10% from 2Q 2021). Net income: CN¥6.17m (up 27% from 2Q 2021). Profit margin: 3.9% (up from 3.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.01 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.01 in 1Q 2021). Revenue: CN¥177.7m (up 83% from 1Q 2021). Net income: CN¥5.93m (up 410% from 1Q 2021). Profit margin: 3.3% (up from 1.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.12 (vs CN¥0.04 in FY 2020) Full year 2021 results: EPS: CN¥0.12 (up from CN¥0.04 in FY 2020). Revenue: CN¥610.4m (up 72% from FY 2020). Net income: CN¥17.7m (up 201% from FY 2020). Profit margin: 2.9% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.058 (vs CN¥0.04 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥188.2m (up 73% from 3Q 2020). Net income: CN¥6.22m (flat on 3Q 2020). Profit margin: 3.3% (down from 5.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.026 (vs CN¥0.01 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥143.9m (up 97% from 2Q 2020). Net income: CN¥4.86m (up CN¥6.13m from 2Q 2020). Profit margin: 3.4% (up from net loss in 2Q 2020). 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 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CN¥0.04 (vs CN¥0.10 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥354.0m (up 12% from FY 2019). Net income: CN¥5.86m (down 60% from FY 2019). Profit margin: 1.7% (down from 4.6% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥21.17 The company is down 20% from its price of CN¥26.37 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 27
New 90-day low: CN¥25.68 The company is down 1.0% from its price of CN¥25.86 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥3.70m, down 76% from the prior year. Total revenue was CN¥307.7m over the last 12 months, down 3.9% from the prior year.