Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Bingqin Luo was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 27
Innovation New Material Technology Co., Ltd. (SHSE:600361) announces an Equity Buyback for CNY 200 million worth of its shares. Innovation New Material Technology Co., Ltd. (SHSE:600361) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its class A common shares. The shares will be repurchased at a price of CNY 6.58 per share. The purpose of the program is to reduce the registered capital. The repurchased shares will be cancelled. The program will be valid for 12 months after the review and approval of the preliminary plan by the Company’s shareholders. Duyuru • Apr 25
Innovation New Material Technology Co., Ltd., Annual General Meeting, May 18, 2026 Innovation New Material Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 1F, The 4th Industrial Park, Yuehe 6th Road (Middle Section), Zouping Economic and Technical Development Zone, Shandong China Duyuru • Mar 30
Innovation New Material Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Innovation New Material Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Duyuru • Dec 26
Innovation New Material Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Innovation New Material Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Duyuru • Sep 30
Innovation New Material Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Innovation New Material Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Duyuru • Jun 30
Innovation New Material Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Innovation New Material Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Apr 25
Innovation New Material Technology Co., Ltd., Annual General Meeting, May 15, 2025 Innovation New Material Technology Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 1F, Office Building, the 4th Industrial Park, Yuehe 6th Road (Middle Section), Zouping Economic and Technical Development Zone, Shandong China Duyuru • Mar 28
Innovation New Material Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Innovation New Material Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Duyuru • Mar 07
Innovation New Material Technology Co., Ltd. (SHSE:600361) announces an Equity Buyback for CNY 200 million worth of its shares. Innovation New Material Technology Co., Ltd. (SHSE:600361) 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 repurchased at no more than 5.71 per share. The purpose of the program is to reduce the registered capital . The repurchased shares will be cancelled. The program will be funded from the Company’s own funds or self-raised funds. The program is subject to shareholders' approval at the Extraordinary General Meeting to be held on March 24, 2025. The plan will be valid for 12 months from the shareholders' approval. Duyuru • Dec 27
Innovation New Material Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Innovation New Material Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.05 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.05 in 3Q 2023). Revenue: CN¥20.8b (up 14% from 3Q 2023). Net income: CN¥212.1m (flat on 3Q 2023). Profit margin: 1.0% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Retailing industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥4.37, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Consumer Retailing industry in China. Total loss to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.91 per share. Duyuru • Sep 30
Innovation New Material Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Innovation New Material Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.061 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.068 (up from CN¥0.061 in 2Q 2023). Revenue: CN¥21.0b (up 12% from 2Q 2023). Net income: CN¥296.7m (up 23% from 2Q 2023). Profit margin: 1.4% (up from 1.3% in 2Q 2023). 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 11% growth forecast for the Consumer Retailing industry in China. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.03, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Consumer Retailing industry in China. Total loss to shareholders of 16% over the past year. Duyuru • Jun 28
Innovation New Material Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Innovation New Material Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.066 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.065. Revenue: CN¥17.8b (up 7.8% from 1Q 2023). Net income: CN¥281.8m (up 6.0% from 1Q 2023). Profit margin: 1.6% (in line with 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Retailing industry in China. Duyuru • Apr 27
Innovation New Material Technology Co., Ltd., Annual General Meeting, May 16, 2024 Innovation New Material Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 1F, The 4th Industrial Park, Yuehe 6th Road (Middle Section), Zouping Economic and Technical Development Zone, Shandong China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.08, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Consumer Retailing industry in China. Total loss to shareholders of 31% over the past year. Duyuru • Mar 30
Innovation New Material Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Innovation New Material Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Consumer Retailing industry in China. Total loss to shareholders of 16% over the past year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥3.57, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Consumer Retailing industry in China. Duyuru • Dec 29
Innovation New Material Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Innovation New Material Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.053 (vs CN¥0.15 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.053 (up from CN¥0.15 loss in 3Q 2022). Revenue: CN¥18.2b (up CN¥16.7b from 3Q 2022). Net income: CN¥210.3m (up CN¥312.5m from 3Q 2022). Profit margin: 1.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Retailing industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.14 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.061 (up from CN¥0.14 loss in 2Q 2022). Revenue: CN¥18.7b (up CN¥17.0b from 2Q 2022). Net income: CN¥242.2m (up CN¥329.7m from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Retailing industry in China. New Risk • Aug 16
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 6.5% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Duyuru • Jun 28
Innovation New Material Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Innovation New Material Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.42 loss in FY 2021) Full year 2022 results: EPS: CN¥0.32 (up from CN¥0.42 loss in FY 2021). Revenue: CN¥69.3b (up CN¥61.0b from FY 2021). Net income: CN¥1.09b (up CN¥1.37b from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Board Change • Mar 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
