Announcement • Jun 30
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 New Risk • Jun 26
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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 56% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Announcement • Dec 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 21
Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 13, 2025 Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 13, 2025, at 13:30 China Standard Time. Location: No. 58, Mazui Road, Changxingdao Economic Zone, Dalian, Liaoning China Announcement • Mar 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Announcement • Dec 31
Liaoning Xinde New Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: CN¥0.069 loss per share (vs CN¥0.29 profit in 3Q 2023) Third quarter 2024 results: CN¥0.069 loss per share (down from CN¥0.29 profit in 3Q 2023). Revenue: CN¥204.6m (down 42% from 3Q 2023). Net loss: CN¥6.97m (down 123% from profit in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Board Change • Oct 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. GM & Chairman of the Board Hongtao Yin is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 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 7.3% 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 Dividend is not well covered by earnings (262% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Sep 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.064 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.041 (up from CN¥0.064 loss in 2Q 2023). Revenue: CN¥226.7m (up 18% from 2Q 2023). Net income: CN¥4.18m (up CN¥10.7m from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). 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. Announcement • Jun 29
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 31x earnings). However, it is well covered by cash flows (48% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 3,408% to bring the payout ratio under control. EPS is expected to grow by 312% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 31
Liaoning Xinde New Material Technology Co., Ltd. Implements Cash Dividend on A Shares for 2023, Payable on 6 June 2024 Liaoning Xinde New Material Technology Co., Ltd. implemented cash dividend on A shares of CNY 3.00000000 for 2023. Record date: 05 June 2024. Ex-date: 06 June 2024. Payment date: 06 June 2024. Announcement • Apr 25
Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 15, 2024 Liaoning Xinde New Material Technology Co., Ltd., Annual General Meeting, May 15, 2024, at 13:30 China Standard Time. Location: No. 58, Mazui Road, Changxingdao Economic Zone, Dalian, Liaoning China Reported Earnings • Apr 24
First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.28 profit in 1Q 2023) First quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.28 profit in 1Q 2023). Revenue: CN¥134.1m (down 15% from 1Q 2023). Net loss: CN¥11.9m (down 142% from profit in 1Q 2023). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥31.19, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 48% over the past year. Announcement • Mar 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.70, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 37% over the past year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.66, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥25.39, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥35.89, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Chemicals industry in China. Announcement • Dec 29
Liaoning Xinde New Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Announcement • Nov 08
Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) announces an Equity Buyback for CNY 60 million worth of its shares. Liaoning Xinde New Material Technology Co., Ltd. (SZSE:301349) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price of not more than CNY 64.53 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. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.56 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.56 in 3Q 2022). Revenue: CN¥352.2m (up 34% from 3Q 2022). Net income: CN¥30.0m (down 29% from 3Q 2022). Profit margin: 8.5% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. New Risk • Oct 04
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 7.9% 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 Share price has been highly volatile over the past 3 months (7.9% average weekly change). High level of non-cash earnings (61% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Sep 30
Liaoning Xinde New Material Technology Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Announcement • Sep 15
Liaoning Xinde New Material Technology Co., Ltd. Announces Board Changes Liaoning Xinde New Material Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 on 12 September 2023 appointed Wang Wei as non-independent director and Chen Jing as independent director. Reported Earnings • Aug 25
Second quarter 2023 earnings released Second quarter 2023 results: CN¥0.064 loss per share. Net loss: CN¥6.49m (flat on 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥48.41, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Chemicals industry in China. New Risk • Aug 06
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 6.3% 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 High level of non-cash earnings (69% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥64.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Chemicals industry in China. Announcement • Jul 01
Liaoning Xinde New Material Technology Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Liaoning Xinde New Material Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 19
Liaoning Xinde New Material Technology Co., Ltd. Approves Cash Dividend for the Year 2022 Liaoning Xinde New Material Technology Co., Ltd. announced that at its Annual General Meeting held on 12 May 2023, approved cash dividend/10 shares (tax included) of CNY 10.00000000 for the year 2022. Board Change • Mar 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. General Manager & Chairman of the Board Hongtao Yin was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
