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Brief Intro:
Jiangsu Jiuding New Material Co.,Ltd.is a China-based company that engages in the production and sells of glass fiber yarn, fabrics, and FRP products. the company’s products also include grille, pultruded profiles, wheel mesh, storage tanks, wind turbine cabin cover, environmental equipment, glass fiber, etc. The company is also into exportation of its products across more than 51 countries around the world.
Shares Review:
Jiangsu Jiuding New Material Co. Ltd.002201 (China: Shenzhen) were trading up +9.98% on Saturday morning June 19th, 2021, Stock Price previously closed at CNY 15.73, Opening at CNY 16.11, and Stock Price currently at CNY 17.30 which indicates an uprise of +1.57 (+9.98%) with a Market Cap of CNY 8.05 billion, P/E ratio of 146.44 x and EPS of 0.1, with Shares Outstanding of CNY 465,454,458 and revenue of CNY 1.78 billion. In this analysis, I will unveil insights into Jiuding's investment potentials and earnings.
Earnings Recap:
Conferring to Jiuding New Material's financial reports, there was an increase in its Q1 2021 revenue, The company indicated that it had a 60.79% QoQ increase as CNY 293.94 million was recorded. The company also recorded net income for Q1 2021 as CNY 11.55 billion which indicates a 529.81% increment QoQ. Diluted EPS also increased by 0.03 which is 200.00%. The company’s Net profit margin and Operating income also recorded an uprise in its record as 3.93% and CNY 23.15 billion were recorded, indicating a 293.00% and 39.57% increase respectively. Jiuding New Material has been struggling to maintain growth in its revenue despite the toxic poor performance of the Q1 when compared to the previous quarter.
Jiuding New Material’s revenue in Fy 2020 was CNY 1.67 billion an increase of 69.73% over the years Fy 2019 revenue that was of CNY 984.32 million. According to financial reports, Jiuding New Material Q1 2020 to Q4 2020 presented a progressive performance in Fy20. Jiuding New Material released a financial report that indicated its performance in the company’s revenue in Q1 2020 which recorded CNY 182.81 million, subsequently, a record of CNY 299.20 million was noted for Q2 2020. And Q3 2020 also recorded revenue earnings of CNY 532.67 million as its total revenue, the revenue of CNY 656.04 million was recorded for Q4 2020. The company’s Q4 2020 also recorded a net income of CNY 23.44 million, indicating a 2.31% increase in net income.
Return on Assets:
Jiuding New Material has been making efforts in other to improve more and generate income for shareholders, the company was able to present net Income for Fy 2020 as CNY 34.515 million, with an Average Asset of CNY 2.4 billion and a Return on Assets of 1.4%. Fy 2020 P/E Ratio of Jiuding New Material saw CNY 4.046 billion for Market Cap, Earnings recorded 34.0, and the P/E Ratio was 119.1x.
EV / EBITDA:
Jiuding New Material’s EV/EBITDA for Fy 2020 recorded Enterprise Value to be CNY 4.54 billion. The EBITDA was CNY 391.7 million and the EV/EBITDA ratio was 11.6x.
Management Board:
This company is governed by Rou Jian Gu as the Vice Chairman & General Manager, Lin Hu is the company’s Director & Deputy General Manager, Zhen Miao remains the company’s Vice Chairman, Gang Zhong as Independent Director, and Jian Bing Feng as Deputy General Manager.
Source:
https://www.bloomberg.com/profile/company/002201:CH
https://www.reuters.com/companies/002201.SZ
https://www.marketscreener.com/quote/stock/JIANGSU-JIUDING-NEW-MATER-20704119/company/
