Declared Dividend • Jun 11
Dividend of CN¥0.21 announced Shareholders will receive a dividend of CN¥0.21. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 30
Huaxin Building Materials Group Co., Ltd. Approves Final Ordinary Cash Dividend for the Year Ended December 31, 2025, Payable on 24 July 2026 Huaxin Building Materials Group Co., Ltd. at its AGM held on May 28, 2026, approved final ordinary cash dividend of RMB 0.21 per H share for the year ended December 31, 2025. Ex-dividend date is 01 June 2026, Record date is 05 June 2026, Payment date is 24 July 2026. Announcement • May 28
Huaxin Building Materials Group Co., Ltd. Appoints Ming Jinhua as Non-Executive Director, Effective 28 May 2026 Huaxin Building Materials Group Co., Ltd. at its Annual General Meeting held on 28 May 2026, approved the Proposal on Electing Mr. Ming Jinhua as a Non-executive Director Candidate for the Eleventh Board of Directors. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Gilbert Wong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 29
Huaxin Building Materials Group Co., Ltd., Annual General Meeting, May 28, 2026 Huaxin Building Materials Group Co., Ltd., Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: companys conference room on 2/f, block b, huaxin building, no. 426 gaoxin avenue, east lake high-tech development zone, hubei province, wuhan city, China Announcement • Mar 30
Huaxin Building Materials Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Huaxin Building Materials Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Jan 28
Huaxin Cement Co., Ltd. Provides Earnings Guidance for the Period from January 1, 2025 to December 31, 2025 Huaxin Cement Co., Ltd. provided earnings guidance for the period from January 1, 2025 to December 31, 2025. According to the preliminary accounting of the Financial Department of the Company, it is estimated that the net profit attributable to owners of the parent Company for the year of 2025 will range from RMB 2,700 million to 2,950 million, representing an increase of RMB 280 million to RMB 530 million or an increase of 11.6% to 21.9% as compared with the same period last year. It is estimated that the net profit attributable to owners of the parent company after deducting non-recurring items for the year of 2025 will range from RMB 2,580 million to RMB 2,760 million, representing an increase of RMB 800 million to RMB 980 million, or an increase of 45% to 55% as compared with the same period last year. During the reporting period, the company's overseas business continued to scale up and made a significant contribution to results. Meanwhile, the domestic business continued to face an intensely competitive market environment; however, benefiting from lower fuel costs and the company's unwavering efforts to deepen various cost-reduction and efficiency-enhancement initiatives, the unit profitability of major products showed a recovery. Announcement • Dec 26
Huaxin Building Materials Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Huaxin Building Materials Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Oct 24
Huaxin Cement Co., Ltd. Proposes Cash Distribution for the First Three Quarters of 2025, Payable on or Before 24 December 2025 Huaxin Cement Co., Ltd. proposed to distribute a cash dividend of CNY 0.34 per share (including tax) for the first three quarters of 2025 to all shareholders at its EGM to be held on 12 November 2025. According to the current work plan, it is expected that the Company will distribute dividends to the eligible Shareholders on or before 24 December 2025. Announcement • Oct 09
Huaxin Cement Co., Ltd. (SHSE:600801) announces an Equity Buyback for CNY 64.5 million worth of its shares. Huaxin Cement Co., Ltd. (SHSE:600801) announces a share repurchase program. Under the program, the company will repurchase up to CNY 64.5 million worth of its common shares. The shares will be repurchased at a price not exceeding CNY 25 per share. The purpose of share repurchase is equity incentive. The program is valid for a period of 6 months. Announcement • Sep 30
Huaxin Cement Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Huaxin Cement Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jul 15
Huaxin Cement Co., Ltd. Appoints Olivier Milhaud as Non-Executive Director Huaxin Cement Co., Ltd., at the EGM held on 15 July 2025 announced that Mr. Olivier Milhaud was elected as an non-executive director of the Company with effect from the conclusion of the EGM. The biographical details of Mr. Olivier Milhaud are as follow: Mr. Olivier Mihaud, French nationality, born in September 1962, master of ESSEC(Paris). He worked in FRAMATOME GROUP (Now as EDF) from 1989 to 2000, successively served as the Head of Economic Department, Group Financial Reporting Manager, Head of Finance, Information & Technology Division, Head of Control of Engineering Division, Deputy Controller of Engineering and Construction Division, CFO of Manufacturing Division and Negotiator in the merger of the nuclear activities of FRAMATOME and SIEMENS. From 2000 to 2003, he served as the Deputy Group Financial Controller of Lafarge Group in Paris; from 2003 to 2005, he served as the Director Strategy and Development of LAFARGE CHINA in Beijing; from 2006 to 2011, he was the Financial Controller of LAFARGE SHUI ONCEMENT in Beijing; from 2011 to 2015, he was the CFO of LAFARGE SHUI ON Construction Materials in Yunnan. From 2015 to 2025, he successively held the position as CFO and General Manager of Lafarge Emirates Cement LLC in United Arab Emirates. Currently, he is the CFO of Holcim UAE and Oman. Announcement • Jun 30
Huaxin Cement Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Huaxin Cement Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 06
Huaxin Cement Co., Ltd. Announces Resignation of Non-Executive Director Effective June 4, 2025 Huaxin Cement Co., Ltd. announced that on June 4, 2025, the Board received the written resignation of Mr. Lo Chi Kong. He resigned from his position as a non-executive Director, member of each of the audit committee and the remuneration and assessment committee of the Board, and chairman of the governance and compliance committee of the Board as he has reached his retirement age. According to the relevant regulations in the Company Law of the People's Republic of China and the articles of association of the Company, Mr. Lo Chi Kong's resignation will not lead to the number of Directors falling below the statutory quorum, nor affect the normal operation of the Board. The resignation became effective from the date of delivery of the resignation letter, i.e., June 4, 2025. The Company will complete the by-election of a new Director and the chairman of the governance and compliance committee of the Board as soon as possible in accordance with relevant laws, regulations, and the Articles of Association. Announcement • Apr 29
Huaxin Cement Co., Ltd., Annual General Meeting, May 27, 2025 Huaxin Cement Co., Ltd., Annual General Meeting, May 27, 2025, at 14:00 China Standard Time. Location: company`s conference room on 2f, block b, huaxin building, no. 426 gaoxin avenue, east lake high-tech development zone, wuhan city, hubei province, China Announcement • Mar 28
Huaxin Cement Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Huaxin Cement Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 27
Huaxin Cement Co., Ltd. Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 25 July 2025 Huaxin Cement Co., Ltd. proposed Final Ordinary Dividend for the Year Ended 31 December 2024 of RMB 0.46 per share. Payment date 25 July 2025. Announcement • Dec 27
Huaxin Cement Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 Huaxin Cement Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Basic Materials industry in China. Total returns to shareholders of 7.8% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥8.48b (up 1.8% from 3Q 2023). Net income: CN¥407.9m (down 40% from 3Q 2023). Profit margin: 4.8% (down from 8.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Huaxin Cement Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Huaxin Cement 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 16% After last week's 16% share price gain to CN¥11.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 34% over the past three years. Recent Insider Transactions • Sep 14
CEO & Executive Director recently bought CN¥400k worth of stock On the 13th of September, Yeqing Li bought around 40k shares on-market at roughly CN¥10.07 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yeqing's only on-market trade for the last 12 months. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.46 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.46 in 2Q 2023). Revenue: CN¥9.15b (flat on 2Q 2023). Net income: CN¥553.1m (down 41% from 2Q 2023). Profit margin: 6.0% (down from 10% in 2Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Huaxin Cement Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Huaxin Cement Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Declared Dividend • Jun 14
Dividend increased to CN¥0.53 Dividend of CN¥0.53 is 3.9% higher than last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 24
Huaxin Cement Co., Ltd. Announces Final Ordinary Cash Dividend for the Year Ended 31 December 2023, Payable on 19 July 2024 Huaxin Cement Co., Ltd. announced final ordinary cash dividend of RMB 0.53 per share for the year ended 31 December 2023, payable on 19 July 2024. Record date is 31 May 2024. Ex-dividend date is 24 May 2024. Date of shareholders' approval is 21 May 2024. Announcement • May 23
Huaxin Cement Co., Ltd. Elects Liu Sheng as Supervisor Huaxin Cement Co., Ltd. at the Annual General Meeting held on 21 May 2024 Mr. Liu Sheng has been elected and appointed as a Supervisor of the eleventh session of the Supervisory Committee, their term of office become effective from 21 May 2024 until the expiry of the eleventh session of the Supervisory Committee. Announcement • Apr 28
Huaxin Cement Co., Ltd., Annual General Meeting, May 21, 2024 Huaxin Cement Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: Company's Conference Room on 2/F Block B, Huaxin Building, No. 426 Gaoxin Avenue East Lake High-tech Development Zone, Wuhan City, Hubei Province Wuhan City Hubei Province China Agenda: To consider and approve the Work Report of the Board of Directors in 2023; to consider and approve the Work Report of the Board of Supervisors in 2023; to consider and approve the 2023 Final Financial Report and 2024 Financial Budget Report; to consider and approve the 2023 Profit Distribution Plan; and to discuss other matters. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥1.33 (vs CN¥1.30 in FY 2022) Full year 2023 results: EPS: CN¥1.33 (up from CN¥1.30 in FY 2022). Revenue: CN¥33.8b (up 11% from FY 2022). Net income: CN¥2.76b (up 2.3% from FY 2022). Profit margin: 8.2% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Basic Materials 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 16% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
Huaxin Cement Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Huaxin Cement Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Dec 27
Huaxin Cement Co., Ltd. (SHSE:600801) acquired Operations in South Africa of InterCement Participações S.A. Huaxin Cement Co., Ltd. (SHSE:600801) signed an agreement to acquire Operations in South Africa of InterCement Participações S.A. from InterCement Participações S.A. on June 27, 2023.JPMorgan Chase & Co. (NYSE:JPM) acted as Financial advisor to InterCement Participações S.A.Huaxin Cement Co., Ltd. (SHSE:600801) completed the acquisition of Operations in South Africa of InterCement Participações S.A. from InterCement Participações S.A. on December 27, 2023. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.30 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.30 in 3Q 2022). Revenue: CN¥8.33b (up 12% from 3Q 2022). Net income: CN¥681.8m (up 6.9% from 3Q 2022). Profit margin: 8.2% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.45 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.45 in 2Q 2022). Revenue: CN¥9.20b (up 17% from 2Q 2022). Net income: CN¥944.6m (up 3.2% from 2Q 2022). Profit margin: 10% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Basic Materials 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 20% per year, which means it has not declined as severely as earnings. Announcement • May 25
Huaxin Cement Co., Ltd. Announces Dividend for the Year Ended 31 December 2022, Payable on 21 July 2023 Huaxin Cement Co., Ltd. announced Dividend of RMB 0.51 per share for the Year Ended 31 December 2022. Ex-dividend date 24 May 2023. Record date 01 June 2023. Payment date 21 July 2023. Dividend payable to the H-share holders will be paid in HKD or USD, which amounts to approximately HKD 0.567663 (tax inclusive) or USD 0.072519 (tax inclusive) per H share. Such Final Dividend will be paid by the receiving agent on 21 July 2023. In order to determine the list of H-share holders who are entitled to receive the Final Dividend for the year ended 31 December 2022, the H share register of members of the Company will be closed from 29 May 2023 to 1 June 2023 (both days inclusive), during which period no transfer of H shares will be registered. Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥30.5b (down 6.1% from FY 2021). Net income: CN¥2.70b (down 50% from FY 2021). Profit margin: 8.9% (down from 17% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. 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 12% per year. Announcement • Jan 31
Huaxin Cement Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2022 Huaxin Cement Co., Ltd. provided earnings guidance for the year ended December 31, 2022. Based on its preliminary review of the relevant financial statements of the Company and its subsidiaries (the "Group"), it is expected that the profit attributable to equity holders of the Group for the year ended 31 December 2022 will be in the range from RMB 2,520.86 million to RMB 2,842.67 million, representing a decrease by approximately 47% to 53% to approximately as compared with that of the same period in 2021. The above expected decrease is mainly due to the decrease in sales volume driven by the recurrence of the COVID-19, and the downturn of the real estate industry; meanwhile, the cost of cement and clinker increased as the energy price went up. Announcement • Jan 10
Huaxin Cement Co., Ltd. Appoints Martin Kriegner as Non-Executive Director of the Tenth Board of Directors Huaxin Cement Co., Ltd. announced that at the AGM was held on 9 January 2023, the company approved the appointment of Mr. Martin Kriegner as non-executive Director of the Tenth Board of Directors. Mr. Martin Kriegner, male, born in September 1961, graduated from the University of Vienna with a Doctorate in Law and he obtained a Master of Business Administration from the Vienna University of Economics and Business. Mr. Martin Kriegner joined the Holcim Group in 1990 and became the Chief Executive Officer of the Austrian operations in 1998. He served as the Chief Executive Officer of India operations in 2002 and later served as the Regional President Cement for Asia. In 2012, he was appointed as the Chief Executive Officer of Lafarge India for Cement, RMX and Aggregates. In July 2015, he became the Area Manager Central Europe and was appointed as the Head of India in 2016. He serves as the Region Head for Asia, Middle East & Africa and a member of Holcim's Group Executive Committee since 2016 and he served as director of the Company from April 2017 to April 2018. Mr. Martin Kriegner is a member of the board of directors of LafargeHolcim Bangladesh Limited listed on the Chittagong Stock Exchange (trading code: LHBL) and the Dhaka Stock Exchange in Bangladesh (trading code: LHBL), Holcim Philippines Inc. listed on the Philippine Stock Exchange (stock code: HLCM) and LafargeHolcim Maroc S.A. listed on the Casablanca Stock Exchange in Morocco (ticker: LHM). Mr. Martin Kriegner is also a director of ACC Limited listed on the National Stock Exchange of India and the BSE in India and Ambuja Cements Limited listed on the National Stock Exchange of India and the BSE in India. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hong Jiang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥7.42b (down 3.7% from 3Q 2021). Net income: CN¥734.1m (down 35% from 3Q 2021). Profit margin: 9.9% (down from 15% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.44 (vs CN¥0.84 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.44 (down from CN¥0.84 in 2Q 2021). Revenue: CN¥7.86b (down 8.1% from 2Q 2021). Net income: CN¥915.1m (down 46% from 2Q 2021). Profit margin: 12% (down from 20% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.35 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.32 (down from CN¥0.35 in 1Q 2021). Revenue: CN¥6.53b (up 5.5% from 1Q 2021). Net income: CN¥671.8m (down 8.5% from 1Q 2021). Profit margin: 10% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 19% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Hong Jiang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥2.58 (vs CN¥2.69 in FY 2020) Full year 2021 results: EPS: CN¥2.58 (down from CN¥2.69 in FY 2020). Revenue: CN¥32.5b (up 11% from FY 2020). Net income: CN¥5.36b (down 4.7% from FY 2020). Profit margin: 17% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥21.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 92% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.54 (vs CN¥0.85 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.71b (down 1.7% from 3Q 2020). Net income: CN¥1.13b (down 37% from 3Q 2020). Profit margin: 15% (down from 23% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 24% share price decline to CN¥19.85, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥22.24, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 83% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.84 (vs CN¥0.91 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥8.56b (down 1.8% from 2Q 2020). Net income: CN¥1.70b (down 10% from 2Q 2020). Profit margin: 20% (down from 22% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥16.95, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Basic Materials industry in China. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.17 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥6.19b (up 61% from 1Q 2020). Net income: CN¥734.3m (up 107% from 1Q 2020). Profit margin: 12% (up from 9.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥2.70 (vs CN¥3.03 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥29.4b (down 6.6% from FY 2019). Net income: CN¥5.63b (down 11% from FY 2019). Profit margin: 19% (down from 20% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 13
New 90-day high: CN¥23.89 The company is up 4.0% from its price of CN¥22.96 on 11 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥58.26 per share. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥19.99 The company is down 15% from its price of CN¥23.62 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥74.97 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥23.50 The company is down 8.0% from its price of CN¥25.56 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥64.48 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥5.52b, down 17% from the prior year. Total revenue was CN¥29.4b over the last 12 months, down 4.9% from the prior year. Is New 90 Day High Low • Oct 17
New 90-day low: CN¥24.39 The company is down 2.0% from its price of CN¥25.01 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥52.14 per share. 
