Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥72.36, 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 21% over the past three years. Duyuru • Jun 30
Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥96.48, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Chemicals industry in China. Total returns to shareholders of 68% over the past three years. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Sheng Zhang 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 • Mar 31
Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, Apr 20, 2026 Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 198, Tongxing Road, Kenli District, Dongying, Shandong China Duyuru • Mar 30
Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Duyuru • Dec 26
Shida Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Duyuru • Sep 30
Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Duyuru • Jun 30
Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Duyuru • Apr 11
Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 06, 2025 Shida Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: Office Building, No. 198, Tongxing Road, Kenli District, Dongying, Shandong China Duyuru • Mar 28
Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Duyuru • Dec 27
Shida Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.23 profit in 3Q 2023) Third quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.23 profit in 3Q 2023). Revenue: CN¥1.54b (flat on 3Q 2023). Net loss: CN¥26.8m (down 153% from profit in 3Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Duyuru • Sep 30
Shida Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.061 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥1.40b (flat on 2Q 2023). Net income: CN¥10.4m (down 8.1% from 2Q 2023). Profit margin: 0.7% (down from 0.8% in 2Q 2023). Duyuru • Jun 28
Shida Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Shida Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥4.39 in FY 2022) Full year 2023 results: EPS: CN¥0.09 (down from CN¥4.39 in FY 2022). Revenue: CN¥5.63b (down 32% from FY 2022). Net income: CN¥18.7m (down 98% from FY 2022). Profit margin: 0.3% (down from 11% in FY 2022). Duyuru • Apr 27
Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 16, 2024 Shinghwa Advanced Material Group Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongying, Shandong China Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥38.62, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 30x in the Chemicals industry in China. Total loss to shareholders of 52% over the past year. Duyuru • Mar 30
Shinghwa Advanced Material Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥34.57, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 67% over the past year. New Risk • Jan 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 6.2% 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 High level of non-cash earnings (39% accrual ratio). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Profit margins are more than 30% lower than last year (1.6% net profit margin). Duyuru • Dec 30
Shinghwa Advanced Material Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Shinghwa Advanced Material Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥1.04 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.23 (down from CN¥1.04 in 3Q 2022). Revenue: CN¥1.54b (down 54% from 3Q 2022). Net income: CN¥50.9m (down 76% from 3Q 2022). Profit margin: 3.3% (down from 6.4% in 3Q 2022). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Board Change • Oct 05
Less than half of directors are independent There are 5 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: 5 new directors. 1 experienced director. 2 highly experienced directors. 2 independent directors (3 non-independent directors). GM & Director Haiming Yu is the most experienced director on the board, commencing their role in 2006. Independent Director Sheng Zhang 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. Lack of board continuity. Lack of experienced directors. Duyuru • Sep 30
Shinghwa Advanced Material Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shinghwa Advanced Material Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.99 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.99 in 2Q 2022). Revenue: CN¥1.40b (down 18% from 2Q 2022). Net income: CN¥11.3m (down 94% from 2Q 2022). Profit margin: 0.8% (down from 12% in 2Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Duyuru • Jun 28
Shinghwa Advanced Material Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Shinghwa Advanced Material Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 23
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.6% net profit margin). Buying Opportunity • Dec 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be CN¥126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Nov 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last year. Earnings per share has grown by 1,423%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Board Change • Nov 16
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. 2 independent directors (10 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.74 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.04 (up from CN¥0.74 in 3Q 2021). Revenue: CN¥3.32b (up 136% from 3Q 2021). Net income: CN¥210.9m (up 40% from 3Q 2021). Profit margin: 6.4% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Buying Opportunity • Sep 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: CN¥0.99 (vs CN¥1.78 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.99 (down from CN¥1.78 in 2Q 2021). Revenue: CN¥1.71b (down 13% from 2Q 2021). Net income: CN¥200.8m (down 44% from 2Q 2021). Profit margin: 12% (down from 18% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 33% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥135, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Chemicals industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥132 per share. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥140, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Chemicals industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥128 per share. Board Change • Apr 27
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. 2 independent directors (10 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥115, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Chemicals industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥134 per share. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: CN¥5.81 (vs CN¥1.28 in FY 2020) Full year 2021 results: EPS: CN¥5.81 (up from CN¥1.28 in FY 2020). Revenue: CN¥7.06b (up 58% from FY 2020). Net income: CN¥1.18b (up 354% from FY 2020). Profit margin: 17% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 51% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥151, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Chemicals industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥136 per share. Board Change • Dec 10
Insufficient new directors 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. 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: Insufficient board refreshment.