Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.74, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Shareholder Supervisor Zhifang Zhang 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. Duyuru • Apr 25
Sinosteel New Materials Co., Ltd., Annual General Meeting, May 15, 2026 Sinosteel New Materials Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: No. 9, Huolishan Avenue South Section, Yushan District, Ma'anshan, Anhui China Duyuru • Mar 31
Sinosteel New Materials Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Sinosteel New Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Duyuru • Dec 31
Sinosteel New Materials Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Sinosteel New Materials Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Duyuru • Sep 30
Sinosteel New Materials Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Sinosteel New Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Duyuru • Sep 11
Sinosteel New Materials Co., Ltd. Approves Interim Profit Distribution Plan for 2025 Sinosteel New Materials Co., Ltd. at 2nd Extraordinary General Meeting of 2025 to be held on September 9, 2025 approved interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY 0.60000000. Duyuru • Aug 26
Sinosteel New Materials Co., Ltd. Proposes Interim Profit Distribution Plan for 2025 Sinosteel New Materials Co., Ltd. at the Extraordinary General Meeting of 2025 held on September 9, 2025, proposed 2025 interim profit distribution plan. The detailed profit distribution plan are as Cash dividend/10 shares (tax included): CNY 0.60000000. Duyuru • Jul 02
Sinosteel New Materials Co., Ltd. to Report First Half, 2025 Results on Aug 25, 2025 Sinosteel New Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 25, 2025 Duyuru • May 22
Sinosteel New Materials Co., Ltd. Approves Profit Distribution Plan for 2024 Sinosteel New Materials Co., Ltd. held its Annual General Meeting of 2024 on 16 May 2025, were approved 2024 profit distribution plan as Cash dividend/10 shares (tax included): CNY 0.64000000. Duyuru • Apr 26
Sinosteel New Materials Co., Ltd., Annual General Meeting, May 16, 2025 Sinosteel New Materials Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ma'anshan, Anhui China Duyuru • Mar 31
Sinosteel New Materials Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Sinosteel New Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Duyuru • Dec 31
Sinosteel New Materials Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Sinosteel New Materials Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Duyuru • Nov 15
Sinosteel New Materials Co., Ltd. Approves Cash Dividend for the Third Quarter of 2024 Sinosteel New Materials Co., Ltd. announced that at its EGM held on 13 November 2024, the shareholders approved third quarter of 2024 profit distribution plan: Cash dividend/10 shares (tax included) of CNY 0.50000000. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.36, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Duyuru • Oct 30
Sinosteel New Materials Co., Ltd. Proposes Third Quarter of 2024 Sinosteel New Materials Co., Ltd. announced profit distribution proposal for the third quarter of 2024. For the quarter, the company reported Cash dividend/10 shares (tax included) is CNY 0.50000000. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.072 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.072 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥662.0m (flat on 3Q 2023). Net income: CN¥54.6m (down 28% from 3Q 2023). Profit margin: 8.3% (down from 12% in 3Q 2023). 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 4% per year. Duyuru • Oct 17
Sinosteel New Materials Co., Ltd. Approves Board Appointments Sinosteel New Materials Co., Ltd. held its 2nd Extraordinary General Meeting of 2024 on 15 October 2024, approved the appointment of Zhang Wujun, non-independent director, Hua Shaoguang, non-independent director, Qiao Lijie, independent director, Liu Xiansong, independent director, Chang Jun, shareholder supervisor and Zhang Zhifang, shareholder supervisor. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥7.30, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 9.2% over the past three years. Duyuru • Sep 30
Sinosteel New Materials Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Sinosteel New Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Sep 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 49% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: 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. Profit margins are more than 30% lower than last year (7.8% net profit margin). Duyuru • Jun 29
Sinosteel New Materials Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Sinosteel New Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Duyuru • Jun 20
Sinosteel New Materials Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 26 June 2024 Sinosteel New Materials Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY1.81000000 on A shares for the year 2023. Record date is 25 June 2024. Ex-date is 26 June 2024. Payment date is 26 June 2024. Duyuru • Apr 29
Sinosteel New Materials Co., Ltd., Annual General Meeting, May 17, 2024 Sinosteel New Materials Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ma'anshan, Anhui China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.067 (vs CN¥0.074 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.067 (down from CN¥0.074 in 1Q 2023). Revenue: CN¥608.1m (flat on 1Q 2023). Net income: CN¥51.2m (down 8.9% from 1Q 2023). Profit margin: 8.4% (down from 9.3% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Apr 04
Full year 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.37 (down from CN¥0.52 in FY 2022). Revenue: CN¥2.77b (flat on FY 2022). Net income: CN¥274.6m (down 30% from FY 2022). Profit margin: 9.9% (down from 14% in FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 30
Sinosteel New Materials Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Sinosteel New Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥5.85, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 26x in the Chemicals industry in China. Total loss to shareholders of 4.5% over the past three years. Duyuru • Dec 30
Sinosteel New Materials Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Sinosteel New Materials Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.18 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.18 in 2Q 2022). Revenue: CN¥802.4m (up 9.0% from 2Q 2022). Net income: CN¥114.1m (down 16% from 2Q 2022). Profit margin: 14% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 03
Sinosteel New Materials Co., Ltd. Implements Final Cash Dividend of A Shares for the Year 2022, Payable on June 9, 2023 Sinosteel New Materials Co., Ltd. implemented final cash dividend of CNY 2.41000000 per 10 A shares (tax included) for the year 2022. Record date: June 8, 2023; Ex-date: June 9, 2023; Payment date: June 9, 2023. Duyuru • May 24
Sinosteel New Materials Co., Ltd. Approves Final Cash Dividend for 2022 Sinosteel New Materials Co., Ltd. at its AGM held on May 19, 2023, approved the final cash dividend of CNY 2.41000000 per 10 shares (tax included) for 2022. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.30 in FY 2021) Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.30 in FY 2021). Revenue: CN¥2.76b (up 6.7% from FY 2021). Net income: CN¥373.5m (up 75% from FY 2021). Profit margin: 14% (up from 8.3% in FY 2021). 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 18% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Non-Independent Director Yunqi Wang is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.90, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 42% over the past year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.067 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.067 in 3Q 2021). Revenue: CN¥653.9m (down 3.7% from 3Q 2021). Net income: CN¥81.9m (up 65% from 3Q 2021). Profit margin: 13% (up from 7.3% in 3Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • Aug 22
Second quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.18 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥735.8m (up 11% from 2Q 2021). Net income: CN¥136.1m (up 78% from 2Q 2021). Profit margin: 19% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥12.06, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 68% over the past year. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.55, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 71% over the past year. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director Haibo Mao is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.80, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 12% over the past year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.08 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¥678.7m (up 45% from 3Q 2020). Net income: CN¥49.8m (up 7.7% from 3Q 2020). Profit margin: 7.3% (down from 9.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.93, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 12% over the past year. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.11 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥661.1m (up 53% from 2Q 2020). Net income: CN¥76.7m (up 25% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.048 (vs CN¥0.023 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥480.9m (up 107% from 1Q 2020). Net income: CN¥27.9m (up 108% from 1Q 2020). Profit margin: 5.8% (in line with 1Q 2020). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥7.87, the stock is trading at a trailing P/E ratio of 26.2x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 40x in the Electronic industry in China. Total return to shareholders over the past year is a loss of 1.8%. Is New 90 Day High Low • Mar 05
New 90-day high: CN¥7.87 The company is up 2.0% from its price of CN¥7.72 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.30 (vs CN¥0.24 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.67b (up 21% from FY 2019). Net income: CN¥172.6m (up 26% from FY 2019). Profit margin: 10% (in line with FY 2019). Is New 90 Day High Low • Feb 01
New 90-day low: CN¥6.75 The company is down 7.0% from its price of CN¥7.25 on 04 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥6.91 The company is down 6.0% from its price of CN¥7.39 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥8.01 The company is up 4.0% from its price of CN¥7.71 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥7.06 The company is down 9.0% from its price of CN¥7.78 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥153.6m, up 27% from the prior year. Total revenue was CN¥1.51b over the last 12 months, up 15% from the prior year.