Announcement • Jun 30
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Announcement • Jun 18
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Approves Cash Dividend for the Year 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd. at its Annual General Meeting of 2025 held on June 16, 2026, approved Cash dividend (tax included) of CNY 0.15000000 per 10 shares for the year 2025. Announcement • May 30
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Proposes Cash Dividend for the Year 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd. proposed a cash dividend of CNY 0.15000000 per ten shares for the year 2025. Announcement • May 26
Jiangsu Sidike New Materials Science & Technology Co., Ltd., Annual General Meeting, Jun 16, 2026 Jiangsu Sidike New Materials Science & Technology Co., Ltd., Annual General Meeting, Jun 16, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suqian, Jiangsu China Board Change • May 20
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. 4 independent directors (5 non-independent directors). GM & Chairman of the Board Chuang Jin is the most experienced director on the board, commencing their role in 2006. Independent Director Xiaoming Jiang was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Mar 31
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Announcement • Sep 30
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 27
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Approves Cash Dividend for 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. approved the profit distribution proposal for 2024. For the period, the company reported Cash dividend (tax included): CNY 0.10000000 per ten shares. Announcement • Apr 22
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Proposes Final Cash Dividend for 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced on 21 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 0.10000000. Announcement • Apr 21
Jiangsu Sidike New Materials Science & Technology Co., Ltd., Annual General Meeting, May 23, 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suqian, Jiangsu China Announcement • Mar 31
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.048 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.048 in 3Q 2023). Revenue: CN¥670.3m (up 27% from 3Q 2023). Net income: CN¥21.1m (up 6.5% from 3Q 2023). Profit margin: 3.1% (down from 3.7% in 3Q 2023). Announcement • Sep 30
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 68% 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 Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 8.6% 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 (1.0% net profit margin). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.098 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.098 in 2Q 2023). Revenue: CN¥672.8m (up 36% from 2Q 2023). Net income: CN¥14.1m (down 68% from 2Q 2023). Profit margin: 2.1% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jun 29
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 4.0% 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 Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 4.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Declared Dividend • May 17
Dividend of CN¥0.02 announced Shareholders will receive a dividend of CN¥0.02. Ex-date: 23rd May 2024 Payment date: 23rd May 2024 Dividend yield will be 0.2%, which is lower than the industry average of 2.6%. Announcement • May 16
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 23 May 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.20000000 on A shares for the year 2023. Record date is 22 May 2024. Ex-date is 23 May 2024. Payment date is 23 May 2024. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.39 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.39 in FY 2022). Revenue: CN¥1.97b (up 4.9% from FY 2022). Net income: CN¥56.1m (down 67% from FY 2022). Profit margin: 2.8% (down from 9.0% in FY 2022). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Apr 20
Jiangsu Sidike New Materials Science & Technology Co., Ltd., Annual General Meeting, May 09, 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd., Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suqian, Jiangsu China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 52% over the past year. Announcement • Mar 30
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.89, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 56% over the past year. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.86, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.03, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 62% over the past three years. Announcement • Dec 29
Jiangsu Sidike New Materials Science & Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Announcement • Dec 28
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Announces Management Appointments Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced at the EGM to be held on December 26, 2023, approved election of Yang Sen, Ma Weidong and Yin Weida as independent director and Tan Zhengyong and Zhang Zihao as non-employee supervisor. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.048 (vs CN¥0.18 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.048 (down from CN¥0.18 in 3Q 2022). Revenue: CN¥529.1m (down 9.8% from 3Q 2022). Net income: CN¥19.8m (down 74% from 3Q 2022). Profit margin: 3.7% (down from 13% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.70, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 34x in the Chemicals industry in China. Total loss to shareholders of 30% over the past three years. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.098 (vs CN¥0.18 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.098 (down from CN¥0.18 in 2Q 2022). Revenue: CN¥495.3m (down 10% from 2Q 2022). Net income: CN¥44.3m (down 39% from 2Q 2022). Profit margin: 9.0% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • May 26
Jiangsu Sidike New Materials Science & Technology Co., Ltd. Announces Final Dividend Implementation (A shares), Payable on 02 June 2023 Jiangsu Sidike New Materials Science & Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): of Cash dividend/10 shares (tax included): CNY 0.6000000. Record date: 01 June 2023; Ex-date: 02 June 2023; Payment date: 02 June 2023. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.18, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Chemicals industry in China. Total returns to shareholders of 15% over the past year. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.55 (vs CN¥0.69 in FY 2021) Full year 2022 results: EPS: CN¥0.55 (down from CN¥0.69 in FY 2021). Revenue: CN¥1.88b (down 5.4% from FY 2021). Net income: CN¥168.0m (down 20% from FY 2021). Profit margin: 9.0% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Chemicals industry in China. Board Change • Nov 16
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. 5 non-independent directors. Independent Director Bei Zhao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.21 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.21 in 3Q 2021). Revenue: CN¥586.7m (up 19% from 3Q 2021). Net income: CN¥77.2m (up 19% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.21 in 2Q 2021). Revenue: CN¥552.3m (flat on 2Q 2021). Net income: CN¥73.2m (up 18% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥34.04, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 30x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥24.71, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 26x in the Chemicals industry in China. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Bei Zhao was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 14
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥1.98b (up 29% from FY 2020). Net income: CN¥209.9m (up 16% from FY 2020). Profit margin: 11% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses.