Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥20.52, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 34x in the Metals and Mining industry in China. Total returns to shareholders of 128% over the past three years. Tillkännagivande • Jun 30
Advanced Technology & Materials Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Advanced Technology & Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 15
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (164% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.38, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 35x in the Metals and Mining industry in China. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.52, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 38x in the Metals and Mining industry in China. Total returns to shareholders of 189% over the past three years. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Jie Hu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 28
Advanced Technology & Materials Co., Ltd., Annual General Meeting, May 19, 2026 Advanced Technology & Materials Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Beijing China Tillkännagivande • Mar 31
Advanced Technology & Materials Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Advanced Technology & Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Tillkännagivande • Dec 31
Advanced Technology & Materials Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Advanced Technology & Materials Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Tillkännagivande • Sep 30
Advanced Technology & Materials Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Advanced Technology & Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Tillkännagivande • Jul 02
Advanced Technology & Materials Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Advanced Technology & Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Tillkännagivande • Apr 22
Advanced Technology & Materials Co., Ltd. Approves Cash Dividend for 2024 Advanced Technology & Materials Co., Ltd. at its Annual General Meeting held on 18 April 2025 approved cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2024. Tillkännagivande • Mar 31
Advanced Technology & Materials Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Advanced Technology & Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Tillkännagivande • Mar 28
Advanced Technology & Materials Co., Ltd., Annual General Meeting, Apr 18, 2025 Advanced Technology & Materials Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Beijing China Tillkännagivande • Dec 31
Advanced Technology & Materials Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Advanced Technology & Materials Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Buy Or Sell Opportunity • Nov 12
Now 22% undervalued Over the last 90 days, the stock has risen 40% to CN¥11.63. The fair value is estimated to be CN¥14.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.058 (vs CN¥0.037 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.058 (up from CN¥0.037 in 3Q 2023). Revenue: CN¥1.93b (up 6.2% from 3Q 2023). Net income: CN¥59.6m (up 55% from 3Q 2023). Profit margin: 3.1% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to CN¥10.24. The fair value is estimated to be CN¥8.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.78, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 18% over the past three years. Tillkännagivande • Sep 30
Advanced Technology & Materials Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Advanced Technology & Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Aug 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to CN¥8.29. The fair value is estimated to be CN¥10.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Tillkännagivande • Jul 11
Beijing Xu’an Kechuang Technology Co., Ltd. and Ningbo Yuancheng Technology Development Center (Limited Partnership) completed the acquisition of 14% stake in AT&M Environmental Engineering Technology Co., Ltd. from Advanced Technology & Materials Co., Ltd. (SZSE:000969). Beijing Xu’an Kechuang Technology Co., Ltd. and Ningbo Yuancheng Technology Development Center (Limited Partnership) proposed to acquire 14% stake in AT&M Environmental Engineering Technology Co., Ltd. from Advanced Technology & Materials Co., Ltd. (SZSE:000969) for CNY 140 million on November 27, 2023. Beijing Xu’an Kechuang Technology Co., Ltd. will acquire 10% for CNY 100 million and Ningbo Yuancheng Technology Development Center (Limited Partnership) 4% for CNY 40 million. On November 27, 2023, the Company held the 16th Extraordinary Meeting of the 8th Directorate, and approved the auction. On December 19, 2023, the Company held the 2nd Extraordinary Shareholders Meeting of 2023, and approved the auction.Beijing Xu’an Kechuang Technology Co., Ltd. and Ningbo Yuancheng Technology Development Center (Limited Partnership) completed the acquisition of 14% stake in AT&M Environmental Engineering Technology Co., Ltd. from Advanced Technology & Materials Co., Ltd. (SZSE:000969) on July 9, 2024. Tillkännagivande • Jun 29
Advanced Technology & Materials Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Advanced Technology & Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • Jun 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Chunlong Li was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 30
Advanced Technology & Materials Co., Ltd., Annual General Meeting, May 20, 2024 Advanced Technology & Materials Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Beijing China Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: CN¥0.077 (vs CN¥0.077 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.077 (in line with 1Q 2023). Revenue: CN¥1.89b (down 11% from 1Q 2023). Net income: CN¥78.7m (flat on 1Q 2023). Profit margin: 4.2% (up from 3.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 30
Advanced Technology & Materials Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Advanced Technology & Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥6.27, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Metals and Mining industry in China. Total returns to shareholders of 9.7% over the past three years. Tillkännagivande • Dec 30
Advanced Technology & Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Advanced Technology & Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.037 (vs CN¥0.028 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.037 (up from CN¥0.028 in 3Q 2022). Revenue: CN¥1.82b (up 3.0% from 3Q 2022). Net income: CN¥38.4m (up 32% from 3Q 2022). Profit margin: 2.1% (up from 1.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. 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 14% per year. Board Change • Oct 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Jianxin Tang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.078 (vs CN¥0.054 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.078 (up from CN¥0.054 in 2Q 2022). Revenue: CN¥2.12b (up 10% from 2Q 2022). Net income: CN¥80.2m (up 45% from 2Q 2022). Profit margin: 3.8% (up from 2.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 24
Advanced Technology & Materials Co., Ltd. Announces Final Dividend for 2022, Payable on 30 May 2023 Advanced Technology & Materials Co., Ltd. announced final cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2022. Record date is 29 May 2023. Ex-date is 30 May 2023. Payment date is 30 May 2023. Reported Earnings • Apr 14
First quarter 2023 earnings released: EPS: CN¥0.075 (vs CN¥0.084 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.075 (down from CN¥0.084 in 1Q 2022). Revenue: CN¥2.11b (up 3.7% from 1Q 2022). Net income: CN¥76.8m (down 11% from 1Q 2022). Profit margin: 3.6% (down from 4.2% in 1Q 2022). 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 17% per year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.71, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 48% over the past three years. Board Change • Nov 16
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Non-Independent Director Jianxin Tang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.028 (vs CN¥0.034 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.028 (down from CN¥0.034 in 3Q 2021). Revenue: CN¥1.77b (up 4.3% from 3Q 2021). Net income: CN¥29.1m (down 17% from 3Q 2021). Profit margin: 1.6% (down from 2.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.062 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.054 (down from CN¥0.062 in 2Q 2021). Revenue: CN¥1.92b (up 17% from 2Q 2021). Net income: CN¥55.4m (down 12% from 2Q 2021). Profit margin: 2.9% (down from 3.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.084 (vs CN¥0.057 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.084 (up from CN¥0.057 in 1Q 2021). Revenue: CN¥2.03b (up 39% from 1Q 2021). Net income: CN¥86.2m (up 48% from 1Q 2021). Profit margin: 4.2% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Independent Director Zhao Nian Liu is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: CN¥0.17 (vs CN¥0.10 in FY 2020) Full year 2021 results: EPS: CN¥0.17 (up from CN¥0.10 in FY 2020). Revenue: CN¥6.27b (up 26% from FY 2020). Net income: CN¥171.7m (up 66% from FY 2020). Profit margin: 2.7% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥11.29, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥11.29, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 121% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.034 (vs CN¥0.021 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.69b (up 35% from 3Q 2020). Net income: CN¥35.2m (up 60% from 3Q 2020). Profit margin: 2.1% (up from 1.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.062 (vs CN¥0.041 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.64b (up 28% from 2Q 2020). Net income: CN¥63.2m (up 51% from 2Q 2020). Profit margin: 3.9% (up from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.63, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 57% over the past three years. Reported Earnings • Apr 15
First quarter 2021 earnings released: EPS CN¥0.057 (vs CN¥0.008 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.46b (up 36% from 1Q 2020). Net income: CN¥58.1m (up CN¥49.8m from 1Q 2020). Profit margin: 4.0% (up from 0.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.16 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥4.98b (up 4.2% from FY 2019). Net income: CN¥103.5m (down 37% from FY 2019). Profit margin: 2.1% (down from 3.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 18
New 90-day high: CN¥7.43 The company is up 8.0% from its price of CN¥6.85 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥7.42 The company is up 7.0% from its price of CN¥6.95 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 8.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥124.1m, with earnings increasing by CN¥146.4m from the prior year. Total revenue was CN¥4.77b over the last 12 months, down 1.5% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥6.55 The company is down 11% from its price of CN¥7.39 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period.