New Risk • Aug 19
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 13% 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 (13% average weekly change). Earnings have declined by 62% per year over the past 5 years. Buy Or Sell Opportunity • Aug 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to CN¥7.59. The fair value is estimated to be CN¥6.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 40%. Buy Or Sell Opportunity • Jul 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.8% to CN¥7.45. The fair value is estimated to be CN¥6.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 40%. Announcement • Jun 30
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 08
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 Earnings have declined by 62% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Buy Or Sell Opportunity • May 25
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to CN¥7.22. The fair value is estimated to be CN¥5.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 40%. Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). CFO, Deputy GM, Secretary of the Board of Directors & Director Wenliang Geng was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 30
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 26
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 26
Tianyang New Materials (Shanghai) Technology Co., Ltd., Annual General Meeting, May 19, 2025 Tianyang New Materials (Shanghai) Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 28
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.069 loss per share (vs CN¥0.039 loss in 3Q 2023) Third quarter 2024 results: CN¥0.069 loss per share (further deteriorated from CN¥0.039 loss in 3Q 2023). Revenue: CN¥341.7m (down 13% from 3Q 2023). Net loss: CN¥24.5m (loss widened 3.0% from 3Q 2023). New Risk • Oct 05
New major risk - Revenue and earnings growth Earnings have declined by 44% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 44% per year over the past 5 years. Announcement • Sep 30
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.029 loss per share (vs CN¥0.006 loss in 2Q 2023) Second quarter 2024 results: CN¥0.029 loss per share (further deteriorated from CN¥0.006 loss in 2Q 2023). Revenue: CN¥368.8m (up 35% from 2Q 2023). Net loss: CN¥9.87m (loss widened 324% from 2Q 2023). New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings have declined by 39% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 39% per year over the past 5 years. Announcement • Jul 12
Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. acquired 6% stake in Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) from Li Mingjian for CNY 130 million. Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. acquired 6% stake in Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) from Li Mingjian for CNY 130 million on July 10, 2024. Caidong Huixin will acquire 26 million shares for CNY 5 per share.
Caidong Huixin No. 2 Private Equity Investment Fund managed by Zhuhai Hengqin Caidong Fund Management Co., Ltd. completed the acquisition of 6% stake in Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) from Li Mingjian on July 10, 2024. Announcement • Jun 28
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • May 01
Tianyang New Materials (Shanghai) Technology Co., Ltd., Annual General Meeting, May 24, 2024 Tianyang New Materials (Shanghai) Technology Co., Ltd., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Reported Earnings • Apr 30
Full year 2023 earnings released: CN¥0.22 loss per share (vs CN¥0.17 loss in FY 2022) Full year 2023 results: CN¥0.22 loss per share (further deteriorated from CN¥0.17 loss in FY 2022). Revenue: CN¥1.33b (down 7.1% from FY 2022). Net loss: CN¥94.2m (loss widened 67% from FY 2022). New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 32% 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. This is currently the only risk that has been identified for the company. New Risk • Apr 12
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 10% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Tianyang New Materials (Shanghai) Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Tianyang New Materials (Shanghai) Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.11 profit in 2Q 2022) Second quarter 2023 results: CN¥0.006 loss per share (down from CN¥0.11 profit in 2Q 2022). Revenue: CN¥274.0m (down 23% from 2Q 2022). Net loss: CN¥2.33m (down 108% from profit in 2Q 2022). Revenue is forecast to grow 79% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Chemicals industry in China. Announcement • Aug 05
Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) announces an Equity Buyback for CNY 60 million worth of its shares. Tianyang New Materials (Shanghai) Technology Co., Ltd. (SHSE:603330) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 15 per share. The repurchased shares will be used for ESOP or equity incentives. The share repurchase program will be valid for a period of 12 months. Board Change • Jun 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hai Song Gao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
