Valuation Update With 7 Day Price Move • 10h
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥10.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 6.6% over the past three years. Duyuru • Apr 23
Zanyu Technology Group Co., Ltd. announced that it expects to receive CNY 300 million in funding Zanyu Technology Group Co., Ltd. announced a private placement to issue A shares not more than 30% of total share capital and the issue price shall not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 300,000,000 on April 21, 2026. The transaction includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 3rd meeting of the 7th directorate and is subject to shareholder approval. Reported Earnings • Apr 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.40 (up from CN¥0.30 in FY 2024). Revenue: CN¥13.1b (up 22% from FY 2024). Net income: CN¥182.4m (up 35% from FY 2024). Profit margin: 1.4% (up from 1.3% in FY 2024). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 22
Zanyu Technology Group Co., Ltd., Annual General Meeting, May 28, 2026 Zanyu Technology Group Co., Ltd., Annual General Meeting, May 28, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Duyuru • Mar 31
Zanyu Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.93, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Chemicals industry in China. Total returns to shareholders of 3.1% over the past three years. New Risk • Mar 15
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 7.8% 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 Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.12, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 28x in the Chemicals industry in China. Negligible returns to shareholders over past three years. Duyuru • Dec 31
Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.068 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.068 in 3Q 2024). Revenue: CN¥3.12b (up 6.2% from 3Q 2024). Net income: CN¥53.5m (up 83% from 3Q 2024). Profit margin: 1.7% (up from 1.0% in 3Q 2024). 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 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Sep 30
Zanyu Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Aug 25
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.031 (vs CN¥0.093 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.031 (down from CN¥0.093 in 2Q 2024). Revenue: CN¥3.12b (up 43% from 2Q 2024). Net income: CN¥14.5m (down 64% from 2Q 2024). Profit margin: 0.5% (down from 1.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Chemicals industry in China. Total loss to shareholders of 14% over the past three years. Duyuru • Jul 02
Zanyu Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Zanyu Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Declared Dividend • Jun 13
Dividend increased to CN¥0.12 Dividend of CN¥0.12 is 20% higher than last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 148% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 05
Zanyu Technology Group Co., Ltd. Approves Cash Dividend for 2024 Zanyu Technology Group Co., Ltd. at its Annual General Meeting held on 30 May 2025 approved cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2024. Duyuru • Apr 23
Zanyu Technology Group Co., Ltd. Proposes Final Cash Dividend for 2024 Zanyu Technology Group Co., Ltd. proposed final cash dividend of CNY 1.20000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.12 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.12 in 1Q 2024). Revenue: CN¥3.43b (up 41% from 1Q 2024). Net income: CN¥82.7m (up 62% from 1Q 2024). Profit margin: 2.4% (up from 2.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 48% 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. Duyuru • Apr 22
Zanyu Technology Group Co., Ltd., Annual General Meeting, May 30, 2025 Zanyu Technology Group Co., Ltd., Annual General Meeting, May 30, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Duyuru • Mar 31
Zanyu Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Duyuru • Dec 31
Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Duyuru • Nov 22
Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 200 million worth of its shares. Zanyu Technology Group Co., Ltd. (SZSE:002637) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 13.99 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special loan funds. The program will be valid for 12 months. The company had 470,401,000 shares outstanding. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.18, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 32% over the past three years. New Risk • Nov 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥2.94b (up 21% from 3Q 2023). Net income: CN¥29.2m (down 59% from 3Q 2023). Profit margin: 1.0% (down from 2.9% in 3Q 2023). 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, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Duyuru • Sep 30
Zanyu Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.46, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 40% over the past three years. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.048 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.091 (up from CN¥0.048 in 2Q 2023). Revenue: CN¥2.18b (up 5.8% from 2Q 2023). Net income: CN¥40.2m (up 85% from 2Q 2023). Profit margin: 1.8% (up from 1.1% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 05
Now 20% overvalued Over the last 90 days, the stock has fallen 9.4% to CN¥8.87. The fair value is estimated to be CN¥7.38, 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. Meanwhile, the company has become profitable. Duyuru • Jun 29
Zanyu Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Zanyu Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 New Risk • Jun 19
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Jun 11
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next year, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 08
Zanyu Technology Group Co., Ltd. Announces Dividend Implementation for 2023, Payable on 18 June 2024 Zanyu Technology Group Co., Ltd. 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.00000000. Record date: 17 June 2024; Ex-date: 18 June 2024; Payment date: 18 June 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥2.44b (down 12% from 1Q 2023). Net income: CN¥51.2m (up 126% from 1Q 2023). Profit margin: 2.1% (up from 0.8% in 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Apr 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.15 loss in FY 2022). Revenue: CN¥9.61b (down 14% from FY 2022). Net income: CN¥87.9m (up CN¥157.8m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Duyuru • Apr 20
Zanyu Technology Group Co., Ltd., Annual General Meeting, May 16, 2024 Zanyu Technology Group Co., Ltd., Annual General Meeting, May 16, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Duyuru • Mar 30
Zanyu Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zanyu Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). 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. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Duyuru • Dec 30
Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Duyuru • Oct 27
Zanyu Technology Group Co., Ltd. (SZSE:002637) announces an Equity Buyback for CNY 100 million worth of its shares. Zanyu Technology Group Co., Ltd. (SZSE:002637) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 15.40 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months. Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Qiu Ming was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings have declined by 4.2% 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 Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). 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. Earnings have declined by 4.2% per year over the past 5 years. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.32 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥2.06b (down 36% from 2Q 2022). Net income: CN¥21.8m (down 85% from 2Q 2022). Profit margin: 1.1% (down from 4.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 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 48% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Jul 01
Zanyu Technology Group Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Zanyu Technology Group Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Duyuru • May 20
Zanyu Technology Group Co., Ltd. Approves Final Cash Dividend for the Year 2022 Zanyu Technology Group Co., Ltd. at the AGM, the shareholders approved a final cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022. Reported Earnings • Apr 28
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: CN¥0.15 loss per share (down from CN¥1.71 profit in FY 2021). Revenue: CN¥11.2b (flat on FY 2021). Net loss: CN¥69.9m (down 109% from profit in FY 2021). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥12.26, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 58% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.48 loss per share (vs CN¥0.35 profit in 3Q 2021) Third quarter 2022 results: CN¥0.48 loss per share (down from CN¥0.35 profit in 3Q 2021). Revenue: CN¥3.34b (up 11% from 3Q 2021). Net loss: CN¥234.3m (down 242% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Duyuru • Aug 27
Zanyu Technology Group Co., Ltd. Approves Board Elections Zanyu Technology Group Co., Ltd. at its EGM held on August 25, 2022 approved election of Qiu Ming as non-independent director, Xu Guang'an as independent director and Wang Yuliang as non-employee supervisors. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.55 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.32 (down from CN¥0.55 in 2Q 2021). Revenue: CN¥3.20b (up 30% from 2Q 2021). Net income: CN¥144.7m (down 44% from 2Q 2021). Profit margin: 4.5% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 41% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Duyuru • Jun 15
Zanyu Technology Group Co., Ltd. Implements Final Profit Distribution Plan for 2021, Payable on June 20, 2022 Zanyu Technology Group Co., Ltd. announced 2021 Cash dividend/10 shares (tax included) CNY 2.00000000 for A shares for 2021. Record date is 17 June 2022, Ex-date is 20 June 2022, Payment date is 20 June 2022. Duyuru • May 15
Zanyu Technology Group Co., Ltd. Approves Cash Dividend for 2021 Zanyu Technology Group Co., Ltd. approved Cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2021, at its AGM held on May 12, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.35 (down from CN¥0.40 in 1Q 2021). Revenue: CN¥2.90b (up 14% from 1Q 2021). Net income: CN¥165.0m (down 9.1% from 1Q 2021). Profit margin: 5.7% (down from 7.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 32%, compared to a 43% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Member of Supervisory Board Wei Zhang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 21
Zanyu Technology Group Co., Ltd. Proposes Final Dividend for the Year 2021 Zanyu Technology Group Co., Ltd. proposed cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2021. Reported Earnings • Apr 20
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥1.71 (up from CN¥0.82 in FY 2020). Revenue: CN¥11.2b (up 44% from FY 2020). Net income: CN¥796.0m (up 131% from FY 2020). Profit margin: 7.1% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 33%, compared to a 48% growth forecast for the industry in China. 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 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Chemicals industry in China. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥18.88, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.63, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 148% over the past three years. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.41 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.02b (up 61% from 3Q 2020). Net income: CN¥165.4m (down 4.2% from 3Q 2020). Profit margin: 5.5% (down from 9.2% 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. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥15.68, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Chemicals industry in China. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 136% over the past three years. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.55 (vs CN¥0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.47b (up 23% from 2Q 2020). Net income: CN¥256.9m (up 188% from 2Q 2020). Profit margin: 10% (up from 4.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS CN¥0.82 (vs CN¥0.84 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¥7.80b (up 19% from FY 2019). Net income: CN¥344.7m (down 2.5% from FY 2019). Profit margin: 4.4% (down from 5.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS CN¥0.83 (vs CN¥0.84 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¥7.84b (up 19% from FY 2019). Net income: CN¥348.1m (down 1.6% from FY 2019). Profit margin: 4.4% (down from 5.4% 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 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 24
Zanyu Technology Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 10, 2021 Zanyu Technology Group Co., Ltd. announced that they will report fiscal year 2020 results on Apr 10, 2021 Is New 90 Day High Low • Feb 24
New 90-day high: CN¥13.70 The company is up 5.0% from its price of CN¥13.00 on 26 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥11.61 The company is down 11% from its price of CN¥13.04 on 06 November 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 20% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥12.35 The company is down 15% from its price of CN¥14.49 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥12.78 The company is down 5.0% from its price of CN¥13.40 on 11 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 10.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥484.1m, up 84% from the prior year. Total revenue was CN¥7.12b over the last 12 months, up 5.6% from the prior year. Duyuru • Oct 17
Zanyu Technology Group Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Zanyu Technology Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥15.17 The company is up 29% from its price of CN¥11.72 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: CN¥15.02 The company is up 48% from its price of CN¥10.18 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. Duyuru • Sep 16
Zanyu Technology Group Co., Ltd. (SZSE:002637) signed a contract to acquire Tianjin Tianzhi Fine Chemical Co., Ltd. from Tianjin Angel Chemical Group Co., Ltd. for approximately CNY 51.5 million. Zanyu Technology Group Co., Ltd. (SZSE:002637) signed a contract to acquire Tianjin Tianzhi Fine Chemical Co., Ltd. from Tianjin Angel Chemical Group Co., Ltd. for approximately CNY 51.5 million on September 8, 2020. According to the transfer terms, the deposit paid by Zanyu Technology of CNY 15.44151 million is automatically converted into the transfer price, and the remaining price of CNY 36.03 million shall be remitted to the special settlement account of Tianjin Property Rights Exchange within 3 working days after the signing of this contract. After completion of the transaction, Tianjin Angel Chemical Group will hold 30% stake in Tianjin Tianzhi Fine Chemical. Tianjin Tianzhi Fine Chemical reported total assets of CNY 586.5 million, operating revenue of CNY 567.9 million, operating profit of CNY 10.4 million, net profit of CNY 9.8 million and net assets of CNY 225.4 million as on December 31, 2019. The investment amount this time is within the approval authority of the Chairman and general manager, and there is no need to submit it to the Board of Directors and shareholders meeting for review. Duyuru • Jul 24
Zanyu Technology Group Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Zanyu Technology Group Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020 Duyuru • Jul 18
Zanyu Technology Group Co., Ltd. announced that it expects to receive CNY 409.999992 million in funding from Henan Zhengshang Enterprise Development Group Co., Ltd. Zanyu Technology Group Co., Ltd. (SZSE:002637) announced that it has signed share subscription agreement for a private placement of not more than 47,841,306 shares at a price of CNY 8.57 per share fpr gross proceeds of CNY 4,100,000,000 in an equity round of funding on July 12, 2020. The transaction will include participation from Henan Zhengshang Enterprise Development Group Co., Ltd. The transaction is subject to lockup period of 36 months. The transaction has been approved by the board of directors in the fourteenth meeting of its fifth directorate. 
