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Latest Forum Topics / Jiutian Chemical    Last:0.022    -0.001  Post Reply
JiutianC
tritonyeah666
Elite
26-Nov-2022 13:59     
 
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 Alert Admin 		How u get cash of 182 mio usd, trading view only shows as148 mio. But tbh, net cash higher than market cap is no big deal, many usa stocks also like tat and prices r also suppressed.
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josephyeo
Elite
26-Nov-2022 11:27     
 
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 Alert Admin 		Sharing some datas:
 
Jiutian Chem fy' 19 FY' 20 FY' 21 9M' 22
revenue S$ X1000 210892 229,250 434,662 389973
net profit S$ X1000 17236 34,737 62,068 95808

Notes:

1. cash higher than capitalisation
-  capitalisation - S$153 mil
-  cash - S$182 mil

2. p/e
- at 7.7 cts, the trailing p/e is just 1.3X

Above are for info only, not a buy/sell call. Dyodd.

 
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tritonyeah666
Elite
25-Nov-2022 12:03     
 
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 Alert Admin 		At dmf prices of 5k, I think it's break even levels for Jiutian as input raw prices are still high. However they can also sell feedstock like DMA and their other products such as methylamine where prices are still relatively okay, so small profits can be made there. But I think fy2022 is still a record year for them purely based on 1h fy 22 results. Fair value I will say is 0.082-0.090 range.
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doremifatso
Senior
25-Nov-2022 08:47     
 
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 Alert Admin 		Fall in profit is already factored into the price. Market knows that extroadinarily high DMF prices will not last forever. Thats why PE ratio is only 2.5. After DMF prices normalise, PE at this price should be betwen 5-10 which is still on the low side considering the company is cash rich.

newbie888      ( Date: 09-Nov-2022 18:34) Posted:

Will the price tank tml since the profit fall by around 50% QoQ? Or will this fall in profit be cushioned by the updates of their new factory .

tritonyeah666      ( Date: 09-Nov-2022 17:39) Posted:

Conditions so bad still can make 520 mio in revenue...wow

VOLUNTARY DISCLOSURE &ndash QUARTERLY UPDATE ON FINANCIAL PERFOMANCE FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2022 The Board of Directors (the &ldquo Board&rdquo ) of Jiutian Chemical Group Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to provide its business updates to shareholders. The Group recorded revenue of RMB 520.05 million in three months ended 30 September 2022 (&ldquo 3Q2022&rdquo ), representing an increase of 25% as compared with RMB 416.74 million for the three months ended 30 September 2021 (&ldquo 3Q2021&rdquo ). This was mainly due to increase in sales volume of our main products Dimethylformamide (&ldquo DMF&rdquo ) and Methylamine and average sales prices of Methylamine, partially offset by decrease in average sales price of DMF. Average selling prices (&ldquo ASP&rdquo ) of DMF and Methylamine during 3Q2022, were RMB10,147 per tonne and RMB13,887 per tonne respectively, and were 25% lower and 29% higher than that for 3Q2021. The sales volume of DMF and Methylamine in 3Q2022 were 45% and 8% higher than that of 3Q2021. The gross profit margins increased from 24% in 3Q2021 to 27% in 3Q2022 mainly due to the increase in ASP of Methylamine. The profit before tax for the Group has increased more than its revenue growth mainly due to share of profit from the Company&rsquo s 49% associated company, Anyang Jiulong Chemical Co., Ltd (&ldquo Anyang Jiulong&rdquo ) instead of share of loss in 3Q2021, due mainly to the improvement in Anyang Jiulong&rsquo s financial performance. Resulting from a combination of the above factors, the Group&rsquo s net profit attributable to shareholders for 3Q2022 increased by 64% from RMB 56.88 million to RMB 93.53 million. With the improvement of the Group&rsquo s profit attributable to Shareholders of RMB 479.12 million during 9 months ending 30 September 2022, its net asset value has increased by 49% to RMB 1.2 billion.   


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Catrade
Master
25-Nov-2022 00:36     
 
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 Alert Admin 		DMF price kept dropping to from 15,000 RMB/ton to now 5,725.00 RMB/ton. Very likely Jiutian next quarter Q4 report would be badly affected.
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tritonyeah666
Elite
22-Nov-2022 17:44     
 
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 Alert Admin 		How's huat kueh doing?
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newbie888
Veteran
09-Nov-2022 18:34     
 
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 Alert Admin 		Will the price tank tml since the profit fall by around 50% QoQ? Or will this fall in profit be cushioned by the updates of their new factory .

tritonyeah666      ( Date: 09-Nov-2022 17:39) Posted:

Conditions so bad still can make 520 mio in revenue...wow

VOLUNTARY DISCLOSURE &ndash QUARTERLY UPDATE ON FINANCIAL PERFOMANCE FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2022 The Board of Directors (the &ldquo Board&rdquo ) of Jiutian Chemical Group Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to provide its business updates to shareholders. The Group recorded revenue of RMB 520.05 million in three months ended 30 September 2022 (&ldquo 3Q2022&rdquo ), representing an increase of 25% as compared with RMB 416.74 million for the three months ended 30 September 2021 (&ldquo 3Q2021&rdquo ). This was mainly due to increase in sales volume of our main products Dimethylformamide (&ldquo DMF&rdquo ) and Methylamine and average sales prices of Methylamine, partially offset by decrease in average sales price of DMF. Average selling prices (&ldquo ASP&rdquo ) of DMF and Methylamine during 3Q2022, were RMB10,147 per tonne and RMB13,887 per tonne respectively, and were 25% lower and 29% higher than that for 3Q2021. The sales volume of DMF and Methylamine in 3Q2022 were 45% and 8% higher than that of 3Q2021. The gross profit margins increased from 24% in 3Q2021 to 27% in 3Q2022 mainly due to the increase in ASP of Methylamine. The profit before tax for the Group has increased more than its revenue growth mainly due to share of profit from the Company&rsquo s 49% associated company, Anyang Jiulong Chemical Co., Ltd (&ldquo Anyang Jiulong&rdquo ) instead of share of loss in 3Q2021, due mainly to the improvement in Anyang Jiulong&rsquo s financial performance. Resulting from a combination of the above factors, the Group&rsquo s net profit attributable to shareholders for 3Q2022 increased by 64% from RMB 56.88 million to RMB 93.53 million. With the improvement of the Group&rsquo s profit attributable to Shareholders of RMB 479.12 million during 9 months ending 30 September 2022, its net asset value has increased by 49% to RMB 1.2 billion.   

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tritonyeah666
Elite
09-Nov-2022 17:42     
 
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 Alert Admin 		Update on expansion plan The Board wishes to provide an update to shareholders on the progress of the Group&rsquo s expansion plan comprising a new 100,000-ton methylamine plant adjacent to our current 120,000-ton methylamine/ DMF facility (the &ldquo New Plant&rdquo ). The Group&rsquo s wholly-owned subsidiary, Anyang Jiutian Fine Chemical Co., Ltd had on 2 August 2022 obtained the approval of Energy Conservation Evaluation issued by Henan Province Development and Reform Commission for the construction of the New Plant. The Group has completed the primary design of the New Plant and is at the final stage of the approval process for the environmental impact and safety assessments. The total investment cost of the New Plant is estimated to be around RMB 363 million and will be financed through the Group&rsquo s internal sources of funds. The construction of the New Plant is scheduled to commence in December 2022 and expected to take up to 12 months to complete. Commercial production of methylamine is expected in 1Q2024. The New Plant is not expected to have any material impact on the consolidated earnings per share or net tangible assets per share of the Group for the financial year ending 31 December 2022. The Company will make further announcements to update shareholders on material developments, as and when necessary. 
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tritonyeah666
Elite
09-Nov-2022 17:39     
 
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 Alert Admin 		Conditions so bad still can make 520 mio in revenue...wow

VOLUNTARY DISCLOSURE &ndash QUARTERLY UPDATE ON FINANCIAL PERFOMANCE FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2022 The Board of Directors (the &ldquo Board&rdquo ) of Jiutian Chemical Group Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to provide its business updates to shareholders. The Group recorded revenue of RMB 520.05 million in three months ended 30 September 2022 (&ldquo 3Q2022&rdquo ), representing an increase of 25% as compared with RMB 416.74 million for the three months ended 30 September 2021 (&ldquo 3Q2021&rdquo ). This was mainly due to increase in sales volume of our main products Dimethylformamide (&ldquo DMF&rdquo ) and Methylamine and average sales prices of Methylamine, partially offset by decrease in average sales price of DMF. Average selling prices (&ldquo ASP&rdquo ) of DMF and Methylamine during 3Q2022, were RMB10,147 per tonne and RMB13,887 per tonne respectively, and were 25% lower and 29% higher than that for 3Q2021. The sales volume of DMF and Methylamine in 3Q2022 were 45% and 8% higher than that of 3Q2021. The gross profit margins increased from 24% in 3Q2021 to 27% in 3Q2022 mainly due to the increase in ASP of Methylamine. The profit before tax for the Group has increased more than its revenue growth mainly due to share of profit from the Company&rsquo s 49% associated company, Anyang Jiulong Chemical Co., Ltd (&ldquo Anyang Jiulong&rdquo ) instead of share of loss in 3Q2021, due mainly to the improvement in Anyang Jiulong&rsquo s financial performance. Resulting from a combination of the above factors, the Group&rsquo s net profit attributable to shareholders for 3Q2022 increased by 64% from RMB 56.88 million to RMB 93.53 million. With the improvement of the Group&rsquo s profit attributable to Shareholders of RMB 479.12 million during 9 months ending 30 September 2022, its net asset value has increased by 49% to RMB 1.2 billion.   
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tritonyeah666
Elite
25-Oct-2022 08:02     
 
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 Alert Admin 		Methanol and Coal prices are still very high, so their input costs are definitely affected. only silver lining is if they " pivot" their factory output to methylamine which they have been higher relative to DMF' s downtrend.

DYODD
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Catrade
Master
24-Oct-2022 22:47     
 
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 Alert Admin


DMF Sectors: Industrial grade High-class Dimethylformamide Content&ge :99.9% Moisture&le :0.050
DMF price is gradually coming down to 7275.00 RMB/ton, Hope Jiutian cost also come down so that its profit would not be a badly affected.
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tritonyeah666
Elite
18-Oct-2022 08:38     
 
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 Alert Admin 		I got my ammo ready to load at 0.060-0.070 via DCA, lets go.
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doremifatso
Senior
13-Oct-2022 21:46     
 
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 Alert Admin 		For China companies, there is always a concern about how real the cash is, and whether there are any hidden liabilities. The group should demonstrate this by holding the cash in the holding company (in singapore) rather than in the china subsidiaries' china bank accounts. They can always transfer back if they need to spend on capex etc. 

tritonyeah666      ( Date: 12-Oct-2022 20:56) Posted:

But admittedly their net cash is equivalent to about 0.0952, unfortunately market is pricing in macro factors now so its going closer to 0.062-0.070
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tritonyeah666
Elite
13-Oct-2022 13:58     
 
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 Alert Admin 		oh ya that was due to a negative news directly implicated on Jiutian of a substantial amount from Anyang Jiu jiu.

Anyway I' m staring to get some at this levels at 0.070. 
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lailai
Elite
13-Oct-2022 12:55     
 
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 Alert Admin 		52 wks low was 0.067, kena in dec 2021.

tritonyeah666      ( Date: 13-Oct-2022 11:25) Posted:

52 week low lol
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tritonyeah666
Elite
13-Oct-2022 11:25     
 
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 Alert Admin 		52 week low lol
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tritonyeah666
Elite
12-Oct-2022 20:56     
 
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 Alert Admin 		But admittedly their net cash is equivalent to about 0.0952, unfortunately market is pricing in macro factors now so its going closer to 0.062-0.070
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tritonyeah666
Elite
12-Oct-2022 20:03     
 
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 Alert Admin 		Already priced in previously when it hit 0.114, market is forward looking 6-9 mths down the road (look at the DMF price now 7k...methanol is raw material price is 3.2. , the spread has shrunk to a mere 4.8k, this is hardly profitable for Jiutian)

Good fundamentals doesn' t pay
PE RATIO : 1.30
MkT CAP :   $147.14$
FREE CASH : $157.47M
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tritonyeah666
Elite
12-Oct-2022 20:00     
 
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 Alert Admin 		back to 1 cents? its pre 2020 price
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Acl2013
Veteran
12-Oct-2022 16:43     
 
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 Alert Admin 		Recession will be two or three years maybe?, price will be lower n lower, cash is king right now.
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