Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥13.01, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.61 per share. Announcement • Jun 30
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2026 Results on Aug 17, 2026 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 17, 2026 Buy Or Sell Opportunity • Jun 27
Now 20% undervalued Over the last 90 days, the stock has risen 11% to CN¥16.42. The fair value is estimated to be CN¥20.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 8.8%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 55% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.39, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.36 per share. 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 an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Jian Bo Lu was the last independent director to join the board, commencing their role in 2024. 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 21
Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 12, 2026 Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 30
Zhejiang Huangma Technology Co.,Ltd to Report Q1, 2026 Results on Apr 22, 2026 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Dec 26
Zhejiang Huangma Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026 Zhejiang Huangma Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026 Announcement • Sep 30
Zhejiang Huangma Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2025 Results on Aug 23, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Apr 18
Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 08, 2025 Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 28
Zhejiang Huangma Technology Co.,Ltd to Report Q1, 2025 Results on Apr 18, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Dec 27
Zhejiang Huangma Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025 Zhejiang Huangma Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025 Announcement • Oct 28
Zigong Zhongtiansheng New Materials Technology Co., Ltd. agreed to acquire 46.92% stake in Zhejiang Zhongke Yaan New Materials Co., Ltd. from Zhejiang Huangma Technology Co.,Ltd and Wang Weisong for CNY 8.4 million. Zigong Zhongtiansheng New Materials Technology Co., Ltd. agreed to acquire 46.92% stake in Zhejiang Zhongke Yaan New Materials Co., Ltd. from Zhejiang Huangma Technology Co.,Ltd and Wang Weisong for CNY 8.4 million on October 24, 2024. A cash consideration of CNY 8.43 million will be paid by Zigong Zhongtiansheng New Materials Technology Co., Ltd. As part of transaction Wang Weisong is selling 22.30 stake. As of September 30, 2024, Zhejiang Zhongke Yaan New Materials Co., Ltd. reported total assets of CNY 27.61 million and total common equity of CNY 24.41 million.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥613.2m (up 21% from 3Q 2023). Net income: CN¥94.9m (up 12% from 3Q 2023). Profit margin: 16% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. 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. Announcement • Sep 30
Zhejiang Huangma Technology Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 10% over the past year. Announcement • Jun 28
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2024 Results on Aug 22, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 22, 2024 Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥531.8m (up 23% from 1Q 2023). Net income: CN¥87.9m (up 12% from 1Q 2023). Profit margin: 17% (down from 18% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Apr 27
Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 16, 2024 Zhejiang Huangma Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.57 (vs CN¥0.82 in FY 2022) Full year 2023 results: EPS: CN¥0.57 (down from CN¥0.82 in FY 2022). Revenue: CN¥1.89b (down 13% from FY 2022). Net income: CN¥324.7m (down 32% from FY 2022). Profit margin: 17% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Mar 29
Zhejiang Huangma Technology Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 29
Zhejiang Huangma Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024 Zhejiang Huangma Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024 Board Change • Dec 15
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. 6 non-independent directors. Independent Director Yan Jian Zhu 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 • Sep 30
Zhejiang Huangma Technology Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Zhejiang Huangma Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.29 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.29 in 2Q 2022). Revenue: CN¥464.9m (down 24% from 2Q 2022). Net income: CN¥71.3m (down 57% from 2Q 2022). Profit margin: 15% (down from 27% in 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jun 28
Zhejiang Huangma Technology Co.,Ltd to Report First Half, 2023 Results on Aug 22, 2023 Zhejiang Huangma Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.82 (vs CN¥0.76 in FY 2021) Full year 2022 results: EPS: CN¥0.82 (up from CN¥0.76 in FY 2021). Revenue: CN¥2.18b (down 6.6% from FY 2021). Net income: CN¥477.1m (up 6.4% from FY 2021). Profit margin: 22% (up from 19% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. 
