SEHK:2116

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Jiangsu Innovative Ecological New Materials

Executive Summary

Jiangsu Innovative Ecological New Materials Limited, through its subsidiaries, develops, manufactures, and markets oil refining agents and fuel additives in China, Sudan, Chad, Niger, and Algeria.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Jiangsu Innovative Ecological New Materials's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2116 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.1%

2116

5.3%

HK Chemicals

6.0%

HK Market


1 Year Return

-31.9%

2116

-30.9%

HK Chemicals

-4.0%

HK Market

Return vs Industry: 2116 matched the Hong Kong Chemicals industry which returned -31.4% over the past year.

Return vs Market: 2116 underperformed the Hong Kong Market which returned -4% over the past year.


Shareholder returns

2116IndustryMarket
7 Day5.1%5.3%6.0%
30 Day-3.1%-0.06%4.3%
90 Day-7.5%-8.7%-2.4%
1 Year-29.6%-31.9%-26.4%-30.9%-0.5%-4.0%
3 Yearn/a-30.1%-41.7%1.4%-9.2%
5 Yearn/a-42.7%-53.2%-9.3%-23.6%

Price Volatility Vs. Market

How volatile is Jiangsu Innovative Ecological New Materials's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jiangsu Innovative Ecological New Materials undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2116 (HK$0.31) is trading below our estimate of fair value (HK$6.75)

Significantly Below Fair Value: 2116 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2116 is good value based on its PE Ratio (5.1x) compared to the Chemicals industry average (6.6x).

PE vs Market: 2116 is good value based on its PE Ratio (5.1x) compared to the Hong Kong market (9.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2116's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2116 is good value based on its PB Ratio (0.5x) compared to the HK Chemicals industry average (0.7x).


Next Steps

Future Growth

How is Jiangsu Innovative Ecological New Materials forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jiangsu Innovative Ecological New Materials has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jiangsu Innovative Ecological New Materials performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2116 has high quality earnings.

Growing Profit Margin: 2116's current net profit margins (15.3%) are higher than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: 2116's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: 2116's earnings growth over the past year (17.3%) exceeds its 5-year average (1.6% per year).

Earnings vs Industry: 2116 earnings growth over the past year (17.3%) exceeded the Chemicals industry -9.9%.


Return on Equity

High ROE: 2116's Return on Equity (10%) is considered low.


Next Steps

Financial Health

How is Jiangsu Innovative Ecological New Materials's financial position?


Financial Position Analysis

Short Term Liabilities: 2116's short term assets (CN¥248.1M) exceed its short term liabilities (CN¥23.0M).

Long Term Liabilities: 2116's short term assets (CN¥248.1M) exceed its long term liabilities (CN¥4.5M).


Debt to Equity History and Analysis

Debt Level: 2116 is debt free.

Reducing Debt: 2116 has no debt compared to 5 years ago when its debt to equity ratio was 16.7%.

Debt Coverage: 2116 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2116 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Jiangsu Innovative Ecological New Materials's current dividend yield, its reliability and sustainability?

3.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2116's dividend (3.2%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).

High Dividend: 2116's dividend (3.2%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 2116's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 2116's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.9%), 2116's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average board tenure


CEO

Xiaojun Ge (55yo)

no data

Tenure

CN¥248,000

Compensation

Mr. Xiaojun Ge serves as Chairman of the Board and Chief Executive Officer at Jiangsu Innovative Ecological New Materials Limited and has been its Executive Director since September 18, 2018. Mr. Ge is pri ...


CEO Compensation Analysis

Compensation vs Market: Xiaojun's total compensation ($USD34.88K) is below average for companies of similar size in the Hong Kong market ($USD228.98K).

Compensation vs Earnings: Xiaojun's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Xiaojun Ge
Chairman of the Board & CEOno dataCN¥248.00kno data
Yaqiang Fan
Sales Manager & Executive Director2.75yrsCN¥139.00kno data
Jufang Gu
GM & Executive Director2.75yrsCN¥186.00kno data
Lei Huang
Vice GM & Executive Director2.75yrsCN¥227.00kno data
Caijun Jiang
Vice GM & Executive Director2.75yrsCN¥227.00kno data
Yao Gu
Non-Executive Director2.75yrsCN¥107.00kno data
Peng Fan
Independent Non-Executive Director2.25yrsCN¥107.00kno data
Dongtao Guan
Independent Non-Executive Director2.25yrsCN¥107.00kno data
Yan Wu
Independent Non-Executive Director2.25yrsCN¥107.00kno data

2.8yrs

Average Tenure

47yo

Average Age

Experienced Board: 2116's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jiangsu Innovative Ecological New Materials Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jiangsu Innovative Ecological New Materials Limited
  • Ticker: 2116
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: HK$148.800m
  • Shares outstanding: 480.00m
  • Website: https://www.jscxsh.cn

Number of Employees


Location

  • Jiangsu Innovative Ecological New Materials Limited
  • No. 16 West Kaixuan Road
  • Economic Development Zone
  • Yixing
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2116SEHK (The Stock Exchange of Hong Kong Ltd.)YesShare CapitalHKHKDMar 2018

Biography

Jiangsu Innovative Ecological New Materials Limited, through its subsidiaries, develops, manufactures, and markets oil refining agents and fuel additives in China, Sudan, Chad, Niger, and Algeria. The company was founded in 2002 and is headquartered in Yixing, the People’s Republic of China. Jiangsu Innovative Ecological New Materials Limited is a subsidiary of Innovative Green Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 14:11
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.