Reported Earnings • Aug 06
Second quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.11 in 2Q 2025). Revenue: CN¥540.0m (up 52% from 2Q 2025). Net income: CN¥22.3m (up 9.4% from 2Q 2025). Profit margin: 4.1% (down from 5.8% in 2Q 2025). 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 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Announcement • Jul 01
Shenzhen Vital New Material Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Shenzhen Vital New Material Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • May 18
Dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 3 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • May 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Apr 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.7% average weekly change). Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.64 (vs CN¥0.72 in FY 2024) Full year 2025 results: EPS: CN¥0.64 (down from CN¥0.72 in FY 2024). Revenue: CN¥1.50b (up 24% from FY 2024). Net income: CN¥78.8m (down 12% from FY 2024). Profit margin: 5.2% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Announcement • Apr 22
Shenzhen Vital New Material Co., Ltd., Annual General Meeting, May 12, 2026 Shenzhen Vital New Material Co., Ltd., Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Shuitian 1st Road, Tongle Community, Baolong Subdistrict, Longgang District, Guangdong China Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥48.65, the stock trades at a trailing P/E ratio of 70.5x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 83% over the past three years. Announcement • Mar 31
Shenzhen Vital New Material Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Shenzhen Vital New Material Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Dec 31
Shenzhen Vital New Material Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Shenzhen Vital New Material Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥51.66, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 54x in the Electronic industry in China. Total returns to shareholders of 108% over the past three years. New Risk • Dec 05
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 9.2% 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 Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Dividend is not well covered by cash flows (123% cash payout ratio). Profit margins are more than 30% lower than last year (6.1% net profit margin). Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥43.51, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 54x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.19 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.22 (up from CN¥0.19 in 3Q 2024). Revenue: CN¥396.1m (up 20% from 3Q 2024). Net income: CN¥27.4m (up 16% from 3Q 2024). Profit margin: 6.9% (down from 7.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Vital New Material Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen Vital New Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥47.58, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 63x in the Electronic industry in China. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥33.16, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 62x in the Electronic industry in China. Total returns to shareholders of 108% over the past year. New Risk • Sep 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.1% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (6.1% net profit margin). Announcement • Jul 02
Shenzhen Vital New Material Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shenzhen Vital New Material Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 26
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 11% 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 (11% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥30.16, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 53% over the past year. Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 2 highly experienced directors. Director Yunhua Chen is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Declared Dividend • May 21
Dividend of CN¥0.80 announced Shareholders will receive a dividend of CN¥0.80. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 29% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 4.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.4% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin). Announcement • Apr 22
Shenzhen Vital New Material Co., Ltd. Proposes Final Cash Dividend for 2024 Shenzhen Vital New Material Co., Ltd. proposed final cash dividend of CNY 8.00000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: CN¥1.05 (vs CN¥1.20 in FY 2023) Full year 2024 results: EPS: CN¥1.05 (down from CN¥1.20 in FY 2023). Revenue: CN¥1.21b (up 26% from FY 2023). Net income: CN¥89.4m (down 13% from FY 2023). Profit margin: 7.4% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 21
Shenzhen Vital New Material Co., Ltd., Annual General Meeting, May 12, 2025 Shenzhen Vital New Material Co., Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Shuitian 1st Road, Tongle Community, Baolong Subdistrict, Longgang District, Guangdong China New Risk • Apr 07
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 8.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Mar 31
Shenzhen Vital New Material Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Shenzhen Vital New Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥38.18, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 49x in the Electronic industry in China. Total returns to shareholders of 16% over the past year. Announcement • Dec 31
Shenzhen Vital New Material Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Shenzhen Vital New Material Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥33.91, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 13% over the past year. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥331.0m (up 21% from 3Q 2023). Net income: CN¥23.6m (down 7.0% from 3Q 2023). Profit margin: 7.1% (down from 9.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥30.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 15% over the past year. 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 6.9% 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 cash flows (329% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Sep 30
Shenzhen Vital New Material Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Vital New Material 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 Short dividend paying track record (1 year of continuous dividend payments). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.67 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.67 (up from CN¥0.29 in 2Q 2023). Revenue: CN¥308.1m (up 27% from 2Q 2023). Net income: CN¥27.9m (up 12% from 2Q 2023). Profit margin: 9.0% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Jun 29
Shenzhen Vital New Material Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shenzhen Vital New Material Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 24
Dividend increased to CN¥1.40 Dividend of CN¥1.40 is 100% higher than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (165% 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. EPS is expected to grow by 96% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
Shenzhen Vital New Material Co., Ltd., Annual General Meeting, May 14, 2024 Shenzhen Vital New Material Co., Ltd., Annual General Meeting, May 14, 2024, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Shuitian Road, Tongle Community, Baolong Subdistrict, Longgang District, Guangdong China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥39.56, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 33% over the past year. Announcement • Mar 30
Shenzhen Vital New Material Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Shenzhen Vital New Material Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥51.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥47.65, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥40.69, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 40% over the past year. Announcement • Dec 30
Shenzhen Vital New Material Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Shenzhen Vital New Material Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥63.95, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 3.1% over the past year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.28 in 3Q 2022). Revenue: CN¥274.2m (up 10.0% from 3Q 2022). Net income: CN¥25.3m (up 4.0% from 3Q 2022). Profit margin: 9.2% (in line with 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.37 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.37 in 2Q 2022). Revenue: CN¥243.6m (down 21% from 2Q 2022). Net income: CN¥24.9m (up 54% from 2Q 2022). Profit margin: 10% (up from 5.3% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Buying Opportunity • Aug 03
Now 20% undervalued Over the last 90 days, the stock is up 2.2%. The fair value is estimated to be CN¥66.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 14%. Buying Opportunity • Jun 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥66.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 14%. Announcement • May 20
Shenzhen Vital New Material Co., Ltd. Approves Cash Dividend for the Year 2022, Payable on 25 May 2023 Shenzhen Vital New Material Co., Ltd. approved Cash dividend/10 shares (tax included) of CNY 7.00000000 for the year 2022, at its Annual General Meeting of 2022 on 16 May 2023. Dividend payable on 25 May 2023, record date of 24 May 2023 and ex-date of 25 May 2023. Buying Opportunity • May 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥67.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 14%. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥75.25, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 35x in the Electronic industry in China. Announcement • Dec 24
Shenzhen Vital New Material Co., Ltd. Appoints Lu Zhouguang as Independent Directors Shenzhen Vital New Material Co., Ltd. held its 4th Extraordinary General Meeting of 2022 on 21 December 2022 approved the appointment of Lu Zhouguang as independent directors. Board Change • Nov 16
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. No experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). Director & General Manager Xin Tang was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥60.83, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 36x in the Electronic industry in China. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.52 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.28. Revenue: CN¥249.3m (down 2.9% from 3Q 2021). Net income: CN¥24.4m (up 7.6% from 3Q 2021). Profit margin: 9.8% (up from 8.8% in 3Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥62.00, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 32x in the Electronic industry in China. 
