Board Change • May 20
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Non-Independent Chairman Xinjun Zhao is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Dec 31
Tianshan Material Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Tianshan Material Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Tillkännagivande • Sep 30
Tianshan Material Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Tianshan Material Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Tillkännagivande • Jul 02
Tianshan Material Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Tianshan Material Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Tillkännagivande • Mar 31
Tianshan Material Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Tianshan Material Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Tillkännagivande • Mar 27
Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025 Tianshan Material Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China Tillkännagivande • Feb 13
Tianshan Material Co., Ltd. Approves Management Appointments Tianshan Material Co., Ltd. at its Extraordinary General Meeting of 2025 held on 11 February 2025, approved election of Zhao Xinjun, Yu Yuehua, Fan Liting, Zhang Jiwu and Shen Jun as non-independent directors; election of Kong Weiping and Li Chen as independent director and election of Zhuang Qinxia, Du Guangyuan and Shang Deying as supervisors. Tillkännagivande • Dec 31
Tianshan Material Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 Tianshan Material Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.011 loss in 3Q 2023) Third quarter 2024 results: CN¥0.044 loss per share (further deteriorated from CN¥0.011 loss in 3Q 2023). Revenue: CN¥21.8b (down 19% from 3Q 2023). Net loss: CN¥334.2m (loss widened 268% from 3Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 30
Tianshan Material Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Tianshan Material Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.16 profit in 2Q 2023) Second quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.16 profit in 2Q 2023). Revenue: CN¥23.3b (down 25% from 2Q 2023). Net loss: CN¥1.49b (down 209% from profit in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Aug 27
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Tillkännagivande • Jun 29
Tianshan Material Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Tianshan Material Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 24
Dividend reduced to CN¥0.11 Dividend of CN¥0.11 is 58% lower than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.22 loss per share (vs CN¥0.14 loss in 1Q 2023) First quarter 2024 results: CN¥0.22 loss per share (further deteriorated from CN¥0.14 loss in 1Q 2023). Revenue: CN¥16.4b (down 27% from 1Q 2023). Net loss: CN¥1.92b (loss widened 56% from 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to CN¥6.44. The fair value is estimated to be CN¥8.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Earnings per share has declined by 74%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 171% in the next 2 years. Tillkännagivande • Mar 30
Xinjiangtianshan Cement Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Xinjiangtianshan Cement Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Tillkännagivande • Mar 27
Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024 Xinjiangtianshan Cement Co.,Ltd, Annual General Meeting, Apr 18, 2024, at 14:30 China Standard Time. Location: No. 70, World Expo Museum Road, Pudong New Area, Shanghai China Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.53 in FY 2022) Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.53 in FY 2022). Revenue: CN¥107.4b (down 19% from FY 2022). Net income: CN¥1.97b (down 57% from FY 2022). Profit margin: 1.8% (down from 3.4% in FY 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to CN¥6.98. The fair value is estimated to be CN¥5.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Buy Or Sell Opportunity • Feb 05
Now 21% overvalued Over the last 90 days, the stock has fallen 6.4% to CN¥6.77. The fair value is estimated to be CN¥5.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Tillkännagivande • Jan 27
Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023 Xinjiang Tianshan Cement Co. Ltd. provided earnings guidance for the year ended December 31, 2023. For the period, the company expects net profit attributable to shareholders of the company of RMB 1,600.00 million to RMB 2,080.00 million, decrease as compared with the same period of last year: 64.78% to 54.21%. Net profit after deducting non-recurring gains or losses of RMB 500.00 million to RMB 1,000.00 million, decrease as compared with the same period of last year: 81.51% to 63.03%. Basic earnings per share of RMB 0.1847 to RMB 0.2401. Tillkännagivande • Dec 30
Xinjiangtianshan Cement Co.,Ltd to Report Fiscal Year 2023 Results on Mar 27, 2024 Xinjiangtianshan Cement Co.,Ltd announced that they will report fiscal year 2023 results on Mar 27, 2024 Tillkännagivande • Oct 29
Xinjiangtianshan Cement Co.,Ltd Announces Board Changes Xinjiangtianshan Cement Co.,Ltd announced the election of non-independent directors as follows:-Wang Bing and Yin Zhisong at its Extraordinary General Meeting held on 25 Oct. 2023. Reported Earnings • Oct 26
Third quarter 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.067 profit in 3Q 2022) Third quarter 2023 results: CN¥0.011 loss per share (down from CN¥0.067 profit in 3Q 2022). Revenue: CN¥26.9b (down 19% from 3Q 2022). Net loss: CN¥90.9m (down 116% from profit in 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 30
Xinjiangtianshan Cement Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023 Xinjiangtianshan Cement Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥31.1b (down 17% from 2Q 2022). Net income: CN¥1.37b (down 44% from 2Q 2022). Profit margin: 4.4% (down from 6.6% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 13
Xinjiang Tianshan Cement Co., Ltd. Provides Earnings Guidance for the Period from 1 January 2023 to 30 June 2023 Xinjiang Tianshan Cement Co. Ltd. provides earnings guidance for the period from 1 January 2023 to 30 June 2023. Net profit attributable to shareholders of Tianshan Cement of RMB 100.00 million to RMB 150.00 million. Basic earnings per share RMB 0.0115 to RMB 0.0173. Tillkännagivande • May 27
Xinjiangtianshan Cement Co.,Ltd Announces Final Dividend on share A for 2022, Payable on June 2, 2023 Xinjiangtianshan Cement Co.,Ltd announced final Cash dividend/10 shares (tax included): CNY 2.70000000 on share A for 2022. Record date: 01 June 2023, Ex-date: 02 June 2023, Payment date: 02 June 2023. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: CN¥0.53 (vs CN¥1.57 in FY 2021) Full year 2022 results: EPS: CN¥0.53 (down from CN¥1.57 in FY 2021). Revenue: CN¥132.6b (down 22% from FY 2021). Net income: CN¥4.54b (down 64% from FY 2021). Profit margin: 3.4% (down from 7.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 17% 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. Board Change • Nov 16
Less than half of directors are independent There are 9 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: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.42 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.067 (down from CN¥0.42 in 3Q 2021). Revenue: CN¥33.2b (down 71% from 3Q 2021). Net income: CN¥570.3m (down 94% from 3Q 2021). Profit margin: 1.7% (down from 8.0% in 3Q 2021). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 15% 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. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.63 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28. Revenue: CN¥37.2b (up CN¥34.1b from 2Q 2021). Net income: CN¥2.46b (up 271% from 2Q 2021). Profit margin: 6.6% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 16% growth forecast for the Basic Materials industry in China. Board Change • Jul 02
Less than half of directors are independent There are 9 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: 9 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Lei Zhan is the most experienced director on the board, commencing their role in 2018. Independent Director Xiangzhong Kong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥28.3b (down 1.8% from 1Q 2021). Net income: CN¥1.02b (down 23% from 1Q 2021). Profit margin: 3.6% (down from 4.6% in 1Q 2021). Over the next year, revenue is forecast to grow 2.5%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.45 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥114.3b (up CN¥111.8b from 3Q 2020). Net income: CN¥9.13b (up CN¥8.67b from 3Q 2020). Profit margin: 8.0% (down from 19% 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 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.49, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 131% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.63 (vs CN¥0.67 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¥3.13b (up 2.2% from 2Q 2020). Net income: CN¥663.1m (down 6.1% from 2Q 2020). Profit margin: 21% (down from 23% 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 19% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 100% over the past three years. Board Change • Jul 31
High number of new directors Independent Director Xiangzhong Kong was the last director to join the board, commencing their role in 2021. Reported Earnings • Apr 17
First quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.028 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥999.3m (up 87% from 1Q 2020). Net income: CN¥87.5m (up CN¥117.4m from 1Q 2020). Profit margin: 8.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS CN¥1.45 (vs CN¥1.56 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥8.69b (down 10% from FY 2019). Net income: CN¥1.52b (down 7.3% from FY 2019). Profit margin: 17% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue misses expectations Revenue missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 40%, compared to a 22% growth forecast for the Basic Materials industry in China. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥15.05, the stock is trading at a trailing P/E ratio of 9.9x, down from the previous P/E ratio of 12.5x. This compares to an average P/E of 14x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 42%. Is New 90 Day High Low • Mar 04
New 90-day high: CN¥18.01 The company is up 11% from its price of CN¥16.24 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.50 per share. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥16.16, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 64%. Is New 90 Day High Low • Feb 02
New 90-day low: CN¥14.48 The company is down 7.0% from its price of CN¥15.54 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 Basic Materials industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.71 per share. Is New 90 Day High Low • Dec 29
New 90-day low: CN¥14.61 The company is down 16% from its price of CN¥17.39 on 30 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 Basic Materials industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥44.72 per share. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 17% share price gain to CN¥17.97, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.5x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 92%. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 17% share price gain to CN¥17.83, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.5x. This compares to an average P/E of 16x in the Basic Materials industry in China. Total returns to shareholders over the past three years are 86%. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥14.85 The company is down 18% from its price of CN¥18.02 on 24 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥36.83 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.60b, down 3.5% from the prior year. Total revenue was CN¥8.56b over the last 12 months, down 10% from the prior year. Is New 90 Day High Low • Oct 14
New 90-day low: CN¥17.18 The company is down 2.0% from its price of CN¥17.53 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥69.29 per share.