Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.30, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 1.4% over the past three years. Tillkännagivande • Jun 30
Beijing Comens New Materials Co.,Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Beijing Comens New Materials Co.,Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.42, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 51x in the Chemicals industry in China. Total returns to shareholders of 40% over the past three years. Declared Dividend • Jun 08
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (69% 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 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 24% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years. Tillkännagivande • Jun 05
Beijing Comens New Materials Co.,Ltd. Approves Final Cash Dividend on A Shares for 2025, Payable on 10 June 2026 Beijing Comens New Materials Co.,Ltd. approved 2025 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.50000000. Record date: 09 June 2026;Ex-date: 10 June 2026; Payment date: 10 June 2026. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.27, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 48x in the Chemicals industry in China. Total returns to shareholders of 12% over the past three years. Tillkännagivande • Mar 31
Beijing Comens New Materials Co.,Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Beijing Comens New Materials Co.,Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 New Risk • Mar 27
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: 7.9% 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 Earnings have declined by 28% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (7.9% net profit margin). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.25 (down from CN¥0.32 in FY 2024). Revenue: CN¥1.32b (up 12% from FY 2024). Net income: CN¥104.0m (down 23% from FY 2024). Profit margin: 7.9% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Tillkännagivande • Mar 25
Beijing Comens New Materials Co.,Ltd., Annual General Meeting, Apr 16, 2026 Beijing Comens New Materials Co.,Ltd., Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.66, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥12.30, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 61% over the past three years. New Risk • Jan 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: Major Risk Earnings have declined by 33% per year over the past 5 years. 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). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥14.56, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 104% over the past three years. Tillkännagivande • Dec 31
Beijing Comens New Materials Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Beijing Comens New Materials Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.05, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 66% over the past three years. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.06 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.06 in 3Q 2024). Revenue: CN¥354.7m (up 29% from 3Q 2024). Net income: CN¥37.8m (up 47% from 3Q 2024). Profit margin: 11% (up from 9.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
Beijing Comens New Materials Co.,Ltd. to Report Q3, 2025 Results on Oct 22, 2025 Beijing Comens New Materials Co.,Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.078 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.078 in 2Q 2024). Revenue: CN¥310.9m (up 4.3% from 2Q 2024). Net income: CN¥38.0m (up 19% from 2Q 2024). Profit margin: 12% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 02
Beijing Comens New Materials Co.,Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Beijing Comens New Materials Co.,Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 New Risk • Jun 14
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 8.2% 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 42% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Tillkännagivande • Apr 23
Beijing Comens New Materials Co.,Ltd. Approves Cash Dividend for 2024 Beijing Comens New Materials Co.,Ltd. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2024. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.34, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 56% over the past three years. New Risk • Apr 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Tillkännagivande • Mar 31
Beijing Comens New Materials Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Beijing Comens New Materials Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.80 loss in FY 2023) Full year 2024 results: EPS: CN¥0.32 (up from CN¥0.80 loss in FY 2023). Revenue: CN¥1.18b (up 14% from FY 2023). Net income: CN¥135.4m (up CN¥480.6m from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 28
Beijing Comens New Materials Co.,Ltd., Annual General Meeting, Apr 21, 2025 Beijing Comens New Materials Co.,Ltd., Annual General Meeting, Apr 21, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Tillkännagivande • Dec 31
Beijing Comens New Materials Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Beijing Comens New Materials Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.059 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.059 in 3Q 2023). Revenue: CN¥275.7m (flat on 3Q 2023). Net income: CN¥25.8m (up 5.7% from 3Q 2023). Profit margin: 9.4% (up from 8.8% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 30
Beijing Comens New Materials Co.,Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Beijing Comens New Materials Co.,Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.078 (vs CN¥0.09 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.078 (down from CN¥0.09 in 2Q 2023). Revenue: CN¥298.0m (up 17% from 2Q 2023). Net income: CN¥32.0m (down 18% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jun 29
Beijing Comens New Materials Co.,Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Beijing Comens New Materials Co.,Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 New Risk • Jun 12
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 10% 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 (10% average weekly change). Earnings have declined by 30% per year over the past 5 years. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥324.7m (up 34% from 1Q 2023). Net income: CN¥52.7m (up 41% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2023 earnings released: CN¥0.80 loss per share (vs CN¥0.33 profit in FY 2022) Full year 2023 results: CN¥0.80 loss per share (down from CN¥0.33 profit in FY 2022). Revenue: CN¥1.04b (up 1.9% from FY 2022). Net loss: CN¥345.2m (down 345% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 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¥5.72, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years. Tillkännagivande • Jan 31
Beijing Comens New Materials Co.,Ltd. (SZSE:300200) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing Comens New Materials Co.,Ltd. (SZSE:300200) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 11 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. If the company fails to use up the repurchased shares within three years after the implementation results of this share repurchase and the announcement of share changes, the shares that have not been used will be cancelled in accordance with the law. The program will be funded from company's own funds. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥6.99, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 34x in the Chemicals industry in China. Total loss to shareholders of 28% over the past three years. Board Change • Jan 06
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Pinglin He was the last independent 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: Minority of independent directors. Lack of board continuity. Tillkännagivande • Dec 30
Beijing Comens New Materials Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Beijing Comens New Materials Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.089 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.059 (down from CN¥0.089 in 3Q 2022). Revenue: CN¥277.6m (up 7.5% from 3Q 2022). Net income: CN¥24.4m (down 40% from 3Q 2022). Profit margin: 8.8% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 30
Beijing Comens New Materials Co.,Ltd. to Report Q3, 2023 Results on Oct 20, 2023 Beijing Comens New Materials Co.,Ltd. announced that they will report Q3, 2023 results on Oct 20, 2023 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.42, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.061 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.061 in 2Q 2022). Revenue: CN¥254.6m (up 21% from 2Q 2022). Net income: CN¥38.9m (up 46% from 2Q 2022). Profit margin: 15% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 01
Beijing Comens New Materials Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Beijing Comens New Materials Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 15
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.10 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (down from CN¥0.10 in 1Q 2022). Revenue: CN¥243.2m (down 10% from 1Q 2022). Net income: CN¥37.4m (down 7.7% from 1Q 2022). Profit margin: 15% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.089 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.089 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥258.3m (down 8.1% from 3Q 2021). Net income: CN¥41.0m (up 21% from 3Q 2021). Profit margin: 16% (up from 12% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: CN¥0.061 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.061 (down from CN¥0.13 in 2Q 2021). Revenue: CN¥210.2m (down 22% from 2Q 2021). Net income: CN¥26.7m (down 50% from 2Q 2021). Profit margin: 13% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 22
Beijing Comens New Materials Co.,Ltd. Announces 2021 Final Profit Distribution Plan Beijing Comens New Materials Co.,Ltd. announced 2021 final profit distribution plan of Cash dividend/10 shares (tax included) of CNY 1.50000000. Record date is 27 June 2022. Ex-date is 28 June 2022. Payment date is 28 June 2022. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥8.52, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 52% over the past three years. Board Change • Apr 27
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. 5 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Xuguang Wang was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 13
Beijing Comens New Materials Co.,Ltd., Annual General Meeting, May 09, 2022 Beijing Comens New Materials Co.,Ltd., Annual General Meeting, May 09, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2022 appointment of financial audit firm; to consider entrusted wealth management with proprietary funds; to consider 2021 remuneration for directors, supervisors and senior management and adjustment of 2022 remuneration adjustment; to consider repurchase and cancellation of some restricted stocks; to consider change of the company's registered capital; and to consider other matters; to consider 2021 work report of the board of directors; and to consider other matters. Tillkännagivande • Apr 12
Beijing Comens New Materials Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 Beijing Comens New Materials Co.,Ltd. announced on 11 April 2022 the profit distribution proposal for 2021 as final cash dividend (tax included) of CNY 1.50000000 per ten shares. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: CN¥0.37 (vs CN¥0.55 in FY 2020) Full year 2021 results: EPS: CN¥0.37 (down from CN¥0.55 in FY 2020). Revenue: CN¥1.10b (up 15% from FY 2020). Net income: CN¥159.2m (down 32% from FY 2020). Profit margin: 14% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.37 (down from CN¥0.55 in FY 2020). Revenue: CN¥1.10b (up 14% from FY 2020). Net income: CN¥159.2m (down 32% from FY 2020). Profit margin: 14% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.16 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¥281.1m (up 11% from 3Q 2020). Net income: CN¥33.8m (down 49% from 3Q 2020). Profit margin: 12% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.15 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥269.1m (up 14% from 2Q 2020). Net income: CN¥53.4m (down 20% from 2Q 2020). Profit margin: 20% (down from 28% 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 41% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥11.41, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 140% over the past three years. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.55 (vs CN¥0.44 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥959.7m (flat on FY 2019). Net income: CN¥232.6m (up 25% from FY 2019). Profit margin: 24% (up from 19% in FY 2019). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 25
Beijing Comens New Materials Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 14, 2021 Beijing Comens New Materials Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 14, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥9.21 The company is down 33% from its price of CN¥13.84 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥9.24, the stock is trading at a trailing P/E ratio of 13.7x, down from the previous P/E ratio of 16.2x. This compares to an average P/E of 34x in the Chemicals industry in China. Total returns to shareholders over the past three years are 59%. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥9.82 The company is down 38% from its price of CN¥15.81 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 16
New 90-day low: CN¥10.93 The company is down 28% from its price of CN¥15.16 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Nov 16
Market pulls back on stock over the past week After last week's 15% share price decline to CN¥12.24, the stock is trading at a trailing P/E ratio of 18.1x, down from the previous P/E ratio of 21.4x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 88%. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥223.8m, up 42% from the prior year. Total revenue was CN¥903.2m over the last 12 months, down 7.9% from the prior year. Tillkännagivande • Oct 17
Beijing Comens New Materials Co.,Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Beijing Comens New Materials Co.,Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 19% share price gain to CN¥16.25, the stock is trading at a trailing P/E ratio of 33.3x, up from the previous P/E ratio of 28x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 114%. Is New 90 Day High Low • Oct 12
New 90-day high: CN¥16.25 The company is up 23% from its price of CN¥13.20 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. 
