Duyuru • Jun 30
Sokan New Materials Group Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Sokan New Materials Group Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 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. 5 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Hui Shen was the last independent director to join the board, commencing their role in 2019. 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 30
Sokan New Materials Group Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Sokan New Materials Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Duyuru • Dec 26
Sokan New Materials Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Sokan New Materials Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Duyuru • Sep 30
Sokan New Materials Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Sokan New Materials Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Duyuru • Jun 30
Sokan New Materials Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Sokan New Materials Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Apr 29
Sokan New Materials Group Co., Ltd., Annual General Meeting, May 20, 2025 Sokan New Materials Group Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Duyuru • Mar 28
Sokan New Materials Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Sokan New Materials Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Duyuru • Dec 27
Sokan New Materials Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Sokan New Materials Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.24 in 3Q 2023). Revenue: CN¥203.5m (up 20% from 3Q 2023). Net income: CN¥30.5m (up 14% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥41.70, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥45.24, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 22% over the past year. Duyuru • Sep 30
Sokan New Materials Group Co., Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Sokan New Materials Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥188.1m (up 24% from 2Q 2023). Net income: CN¥28.6m (up 21% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Duyuru • Jun 29
Sokan New Materials Group Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Sokan New Materials Group Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.15, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Chemicals industry in China. Total loss to shareholders of 27% over the past year. Duyuru • Apr 27
Hunan Sokan New Materials Co., Ltd., Annual General Meeting, May 17, 2024 Hunan Sokan New Materials Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningxiang Economic and Technological Development Zone, Hunan China Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.73 (vs CN¥0.75 in FY 2022) Full year 2023 results: EPS: CN¥0.73 (down from CN¥0.75 in FY 2022). Revenue: CN¥589.8m (up 18% from FY 2022). Net income: CN¥81.1m (down 1.4% from FY 2022). Profit margin: 14% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Duyuru • Mar 29
Hunan Sokan New Materials Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Hunan Sokan New Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Duyuru • Mar 27
Hunan Sokan New Materials Co., Ltd. (SHSE:688157) agreed to acquire 20% stake in Changsha Songrun New Material Co., Ltd from Li Yunkai, Lai Anping, Yang Yifeng and Liu Haijun for CNY 19.6 million. Hunan Sokan New Materials Co., Ltd. (SHSE:688157) agreed to acquire 20% stake in Changsha Songrun New Material Co., Ltd from Li Yunkai, Lai Anping, Yang Yifeng and Liu Haijun for CNY 19.6 million on March 26, 2024. After the transaction, Hunan Sokan’s stake in Changsha Songrun will increase from 80% to 100%. Changsha Songrun will use its own funds for the acquisition. Changsha Songrun reported total assets of CNY 58.4 million, net assets of CNY -1.3 million, revenues of CNY 66 million and net loss of CNY 0.03 million as of December 31, 2023. The board of directors of Hunan Sokan approved the transaction. Duyuru • Feb 22
Hunan Sokan New Materials Co., Ltd. (SHSE:688157) announces an Equity Buyback for CNY 30 million worth of its shares. Hunan Sokan New Materials Co., Ltd. (SHSE:688157) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 59.27 per share. The repurchased shares will be used for Employees’ shareholding plan or equity incentive plan. The authorization will be valid for a period of 12 months. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥38.54, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Chemicals industry in China. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: CN¥0.75 (vs CN¥0.75 in FY 2022) Full year 2023 results: EPS: CN¥0.75 (in line with FY 2022). Revenue: CN¥588.2m (up 18% from FY 2022). Net income: CN¥83.3m (up 1.3% from FY 2022). Profit margin: 14% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. New Risk • Feb 05
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 6.7% 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 High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥41.01, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 14x in the Chemicals industry in China. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.23 in 3Q 2022). Revenue: CN¥169.3m (up 22% from 3Q 2022). Net income: CN¥26.9m (up 6.7% from 3Q 2022). Profit margin: 16% (down from 18% in 3Q 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥151.7m (up 15% from 2Q 2022). Net income: CN¥23.7m (up 27% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Duyuru • Jun 28
Hunan Sokan New Materials Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Hunan Sokan New Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 18
First quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.25 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.04 (down from CN¥0.25 in 1Q 2022). Revenue: CN¥94.2m (down 20% from 1Q 2022). Net income: CN¥3.03m (down 85% from 1Q 2022). Profit margin: 3.2% (down from 17% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Board Change • Mar 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hui Shen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
