Buy Or Sell Opportunity • Jul 02
Now 22% undervalued Over the last 90 days, the stock has risen 72% to CN¥47.74. The fair value is estimated to be CN¥61.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 34%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 270% in the next 2 years. Announcement • Jun 30
Jinhong Gas Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Jinhong Gas Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • May 20
Dividend of CN¥0.25 announced Shareholders will receive a dividend of CN¥0.25. Ex-date: 22nd May 2026 Payment date: 22nd May 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (127% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 41% to bring the payout ratio under control. EPS is expected to grow by 165% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 30
Jinhong Gas Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jinhong Gas Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 28
Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 20, 2026 Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu China Announcement • Dec 26
Jinhong Gas Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Jinhong Gas Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Announcement • Sep 30
Jinhong Gas Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jinhong Gas Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Jinhong Gas Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Jinhong Gas Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Mar 28
Jinhong Gas Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Jinhong Gas Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 26
Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2025 Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2025, at 14:30 China Standard Time. Location: No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu China Announcement • Dec 27
Jinhong Gas Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 Jinhong Gas Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.20 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.20 in 3Q 2023). Revenue: CN¥625.7m (down 3.1% from 3Q 2023). Net income: CN¥50.4m (down 48% from 3Q 2023). Profit margin: 8.1% (down from 15% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.84, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 22% over the past year. Announcement • Sep 30
Jinhong Gas Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jinhong Gas Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.30, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 31% over the past year. Announcement • Sep 27
Jinhong Gas Co.,Ltd. (SHSE:688106) announces an Equity Buyback for CNY 80 million worth of its shares. Jinhong Gas Co.,Ltd. (SHSE:688106) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 24 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be funded from company's own funds or self-raised funds. The plan will be valid for a period of 12 months. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.21 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 2Q 2023). Revenue: CN¥642.6m (up 4.4% from 2Q 2023). Net income: CN¥83.6m (down 18% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Jun 28
Jinhong Gas Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Jinhong Gas Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥589.4m (up 14% from 1Q 2023). Net income: CN¥76.5m (up 27% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Mar 29
Jinhong Gas Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jinhong Gas Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 26
Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2024 Jinhong Gas Co.,Ltd., Annual General Meeting, Apr 17, 2024, at 14:30 China Standard Time. Location: Executive Building, No. 6, Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu China Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.66 (vs CN¥0.47 in FY 2022) Full year 2023 results: EPS: CN¥0.66 (up from CN¥0.47 in FY 2022). Revenue: CN¥2.43b (up 23% from FY 2022). Net income: CN¥319.1m (up 39% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.26, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in China. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.26, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in China. Announcement • Nov 09
Jinhong Gas Co.,Ltd. (SHSE:688106) announces an Equity Buyback for CNY 50 million worth of its shares. Jinhong Gas Co.,Ltd. (SHSE:688106) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The shares will be repurchased at a price of not more than CNY 30 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The plan will be valid for a period of 12 months. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥646.0m (up 28% from 3Q 2022). Net income: CN¥97.0m (up 38% from 3Q 2022). Profit margin: 15% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥615.7m (up 27% from 2Q 2022). Net income: CN¥101.6m (up 70% from 2Q 2022). Profit margin: 17% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jun 28
Jinhong Gas Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Jinhong Gas Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 16x in the Chemicals industry in China. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.34 in FY 2021) Full year 2022 results: EPS: CN¥0.47 (up from CN¥0.34 in FY 2021). Revenue: CN¥1.98b (up 14% from FY 2021). Net income: CN¥229.6m (up 38% from FY 2021). Profit margin: 12% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Board Change • Mar 15
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. 6 non-independent directors. Independent Director Zhong Chen 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. 
