New Risk • May 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 103% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.044 (vs CN¥0.055 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.044 (down from CN¥0.055 in 1Q 2025). Revenue: CN¥440.7m (down 12% from 1Q 2025). Net income: CN¥5.66m (down 21% from 1Q 2025). Profit margin: 1.3% (down from 1.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 25
Daqing Huake Company Limited, Annual General Meeting, May 21, 2026 Daqing Huake Company Limited, Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Daqing, Heilongjiang China Tillkännagivande • Mar 31
Daqing Huake Company Limited to Report Q1, 2026 Results on Apr 25, 2026 Daqing Huake Company Limited announced that they will report Q1, 2026 results on Apr 25, 2026 Tillkännagivande • Dec 31
Daqing Huake Company Limited to Report Fiscal Year 2025 Results on Apr 25, 2026 Daqing Huake Company Limited announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Dec 25
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 7.0% 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 5.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.032 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.032 (down from CN¥0.18 in 3Q 2024). Revenue: CN¥472.5m (down 12% from 3Q 2024). Net income: CN¥4.16m (down 82% from 3Q 2024). Profit margin: 0.9% (down from 4.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 30
Daqing Huake Company Limited to Report Q3, 2025 Results on Oct 30, 2025 Daqing Huake Company Limited announced that they will report Q3, 2025 results on Oct 30, 2025 Tillkännagivande • Sep 11
Daqing Huake Company Limited Approves Board Elections Daqing Huake Company Limited in its 1st Extraordinary General Meeting of 2025 on 09 September 2025 approved the election of Zhang Caihong, and Lv Yinda, as non-independent director. New Risk • Aug 26
New major risk - Revenue and earnings growth Earnings have declined by 0.1% 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 Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Tillkännagivande • Jul 02
Daqing Huake Company Limited to Report First Half, 2025 Results on Aug 23, 2025 Daqing Huake Company Limited announced that they will report first half, 2025 results on Aug 23, 2025 Declared Dividend • Jun 15
Dividend increased to CN¥0.05 Dividend of CN¥0.05 is 178% higher than last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 9.8% 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 Risk Earnings have declined by 9.8% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 82% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.8% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.044 in FY 2023) Full year 2024 results: EPS: CN¥0.11 (up from CN¥0.044 in FY 2023). Revenue: CN¥1.97b (down 1.5% from FY 2023). Net income: CN¥14.8m (up 161% from FY 2023). Profit margin: 0.8% (up from 0.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Tillkännagivande • Apr 26
Daqing Huake Company Limited, Annual General Meeting, May 21, 2025 Daqing Huake Company Limited, Annual General Meeting, May 21, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Daqing, Heilongjiang China New Risk • Apr 18
New major risk - Revenue and earnings growth Earnings have declined by 20% 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. Tillkännagivande • Mar 31
Daqing Huake Company Limited to Report Q1, 2025 Results on Apr 26, 2025 Daqing Huake Company Limited announced that they will report Q1, 2025 results on Apr 26, 2025 Tillkännagivande • Dec 31
Daqing Huake Company Limited to Report Fiscal Year 2024 Results on Apr 26, 2025 Daqing Huake Company Limited announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.04, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 19x in the Chemicals industry in China. Total returns to shareholders of 79% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.14 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.14 loss in 3Q 2023). Revenue: CN¥537.6m (up 65% from 3Q 2023). Net income: CN¥23.1m (up CN¥36.4m from 3Q 2023). Profit margin: 4.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Sep 30
Daqing Huake Company Limited to Report Q3, 2024 Results on Oct 26, 2024 Daqing Huake Company Limited announced that they will report Q3, 2024 results on Oct 26, 2024 Buy Or Sell Opportunity • Aug 27
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to CN¥12.48. The fair value is estimated to be CN¥10.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 41%. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.013 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.034 (up from CN¥0.013 loss in 2Q 2023). Revenue: CN¥484.9m (flat on 2Q 2023). Net income: CN¥4.35m (up CN¥6.48m from 2Q 2023). Profit margin: 0.9% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 29
Daqing Huake Company Limited to Report First Half, 2024 Results on Aug 24, 2024 Daqing Huake Company Limited announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 15
Dividend reduced to CN¥0.018 Dividend of CN¥0.018 is 63% lower than last year. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 0.1%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 33%. Cash payout ratio: 3%. Tillkännagivande • Apr 29
Daqing Huake Company Limited, Annual General Meeting, May 22, 2024 Daqing Huake Company Limited, Annual General Meeting, May 22, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Daqing, Heilongjiang China Tillkännagivande • Mar 30
Daqing Huake Company Limited to Report Q1, 2024 Results on Apr 27, 2024 Daqing Huake Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Tillkännagivande • Dec 29
Daqing Huake Company Limited to Report Fiscal Year 2023 Results on Apr 27, 2024 Daqing Huake Company Limited announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: CN¥0.14 loss per share (vs CN¥0.025 profit in 3Q 2022) Third quarter 2023 results: CN¥0.14 loss per share (down from CN¥0.025 profit in 3Q 2022). Revenue: CN¥326.1m (down 49% from 3Q 2022). Net loss: CN¥13.3m (down CN¥16.5m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 15
Daqing Huake Company Limited Elects Board of Directors Daqing Huake Company Limited announced that at its EGM held on 12 September 2023, the shareholders elected Ben Tao and Li Songyan as non-independent directors, Wang Yong and Li Guofeng as independent directors of the company. Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.031 loss in 2Q 2022) Second quarter 2023 results: CN¥0.013 loss per share (improved from CN¥0.031 loss in 2Q 2022). Revenue: CN¥486.5m (down 32% from 2Q 2022). Net loss: CN¥2.13m (loss narrowed 46% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 15
Daqing Huake Company Limited Implements Final Profit Distribution Plan on A Shares for 2022, Payable on June 21, 2023 Daqing Huake Company Limited announced implementation of 2022 final profit distribution plan: Cash dividend per 10 shares (tax included) of CNY 0.48000000. Record date: 20 June 2023. Ex-date: 21 June 2023. Payment date: 21 June 2023. Tillkännagivande • May 23
Daqing Huake Company Limited Approves Cash Dividend for 2022 Daqing Huake Company Limited approved Cash dividend/10 shares (tax included) of CNY 0.48000000 for 2022 at AGM held on May 19, 2023. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.099 in FY 2021) Full year 2022 results: EPS: CN¥0.12 (up from CN¥0.099 in FY 2021). Revenue: CN¥2.61b (up 26% from FY 2021). Net income: CN¥15.4m (up 20% from FY 2021). Profit margin: 0.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 10
Daqing Huake Company Limited Announces Executive Appointments Daqing Huake Company Limited in its 1st Extraordinary General Meeting of 2023 on 08 February 2023 approved the Election of Chen Shuxiang, Chen Shuxiang and Wang Wei as non-independent directors, and Pan Ming as independent directors. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Kaikui Chen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.065 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.065 in 3Q 2021). Revenue: CN¥712.1m (up 32% from 3Q 2021). Net income: CN¥13.2m (up 54% from 3Q 2021). Profit margin: 1.9% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.031 loss per share (vs CN¥0.048 profit in 2Q 2021) Second quarter 2022 results: CN¥0.031 loss per share (down from CN¥0.048 profit in 2Q 2021). Revenue: CN¥713.8m (up 31% from 2Q 2021). Net loss: CN¥3.94m (down 158% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 17
Daqing Huake Company Limited Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 23, 2022 Daqing Huake Company Limited announced 2021 final profit distribution plan to be implemented (A shares), Payable on June 23, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.46000000. The record date is June 22, 2022 and ex-date is June 23, 2022. Tillkännagivande • May 28
Daqing Huake Company Limited Approves Final Cash Dividend for the Year 2021 Daqing Huake Company Limited announced a final cash dividend of CNY 0.46000000 for every 10 shares (tax included) for the year 2021 at its AGM held on 24 May 2022. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥16.83, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 25x in the Chemicals industry in China. Total returns to shareholders of 9.9% over the past three years. Tillkännagivande • May 08
Daqing Huake Company Limited Proposes Final Cash Dividend for the Year 2021 Daqing Huake Company Limited proposed a final cash dividend of CNY 0.46000000 for every 10 shares (tax included) for the year 2021. Tillkännagivande • May 07
Daqing Huake Company Limited, Annual General Meeting, May 24, 2022 Daqing Huake Company Limited, Annual General Meeting, May 24, 2022, at 13:40 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts and 2022 financial budget report; to consider 2021 profit distribution plan; to consider Provision for some assets impairment; and to consider 2021 annual report and its summary. Reported Earnings • May 02
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.02 loss in 1Q 2021). Revenue: CN¥616.7m (up 36% from 1Q 2021). Net income: CN¥13.0m (up CN¥15.3m from 1Q 2021). Profit margin: 2.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Kaikui Chen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 14
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.099 (up from CN¥0.09 in FY 2020). Revenue: CN¥2.07b (up 18% from FY 2020). Net income: CN¥12.8m (up 5.9% from FY 2020). Profit margin: 0.6% (down from 0.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.065 (vs CN¥0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥539.8m (up 12% from 3Q 2020). Net income: CN¥8.56m (down 50% from 3Q 2020). Profit margin: 1.6% (down from 3.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.048 (vs CN¥0.16 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥546.2m (up 30% from 2Q 2020). Net income: CN¥6.81m (down 68% from 2Q 2020). Profit margin: 1.2% (down from 5.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • May 25
Daqing Huake Company Limited Implements A Shares Final Cash Distribution for 2020, Payable on 31 May 2021 Daqing Huake Company Limited implemented A shares final cash distribution of CNY 0.46000000 per 10 shares for 2020. Record date: 28 May 2021. Ex-date: 31 May 2021. Payment date: 31 May 2021. Tillkännagivande • Apr 27
Daqing Huake Company Limited Announces Profit Distribution Proposal for 2020 Daqing Huake Company Limited announced profit distribution proposal for 2020 a cash dividend of CNY 0.46 per 10 shares (tax included). Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.35 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.76b (down 18% from FY 2019). Net income: CN¥12.1m (down 73% from FY 2019). Profit margin: 0.7% (down from 2.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥11.38 The company is down 27% from its price of CN¥15.59 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥13.16 The company is down 5.0% from its price of CN¥13.80 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥4.31m, down 93% from the prior year. Total revenue was CN¥1.82b over the last 12 months, down 19% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day high: CN¥18.48 The company is up 27% from its price of CN¥14.59 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Tillkännagivande • Aug 13
Daqing Huake Company Limited to Report First Half, 2020 Results on Aug 29, 2020 Daqing Huake Company Limited announced that they will report first half, 2020 results on Aug 29, 2020