Nuode New Materials Co Ltd

Nuode New Materials has a market price of 10.81 CNY and a market capitalization of 18.76 billion CNY, with a price-to-book ratio of 3.19 and a price-to-tangible-book ratio of 3.19. The company's liquidity position is weak, with only 238,340 CNY in cash and equivalents and a negative operating cash flow of 136.09 million CNY. The debt-to-equity ratio is 1.13, and the current ratio is 1.32, indicating moderate liquidity risk.

Profitability is negative, with a net loss of 64.70 million CNY and an operating loss of 74.52 million CNY. Return on equity is -1.1%, and return on assets is -0.42%, both significantly below industry norms. Gross profit of 66.25 million CNY is minimal relative to revenue of 1.34 billion CNY, suggesting high cost pressures or low pricing power.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic and regulatory risks. No material revenue is attributed to international markets, and the company's operations are entirely within China.

Growth prospects are muted, with no disclosed revenue growth in the most recent period. Analysts have assigned a mean price target of 10.00 CNY, which is below the current market price, and the only recommendation is a "hold." The company has not demonstrated a clear path to profitability or revenue expansion.

Risk factors include a negative net cash position after subtracting total debt, a high debt-to-equity ratio, and weak operating cash flow. The company has not issued any recent equity, and dilution risk is currently low. However, the need for capital to fund operations or expansion could increase dilution risk in the future.

Recent filings and transcripts show no material changes in the company's operations or strategy. The company remains in a loss-making position, and no significant capital raising or restructuring events have been disclosed. Analysts have not issued any strong buy or buy recommendations, reflecting a cautious outlook.

Revenue surged 38.9% year-over-year to CNY 7.3 billion, demonstrating strong top-line growth momentum in the latest fiscal period.

Operating income improved by 62.3% year-over-year, indicating a significant recovery in core operational profitability despite net losses.

Return on equity of -1.1% outperforms the cohort median of -4.95%, showing relatively better capital efficiency than peers.

Cash conversion ratio of 2.1 is best-in-class compared to the cohort median of 0.64, suggesting superior cash generation quality.

Gross profit increased to CNY 705.6 million, reflecting improved gross margins relative to the previous year's CNY 298.9 million.

Net income deteriorated to a loss of CNY 298.5 million, driven by negative net margins of -4.8% in the latest period.

Long-term debt escalated to CNY 8.76 billion, resulting in a debt-to-equity ratio of 1.13, well above the cohort median.

Free cash flow remains deeply negative at CNY -917 million, indicating severe cash burn despite revenue growth.

The company faces high credit risk and medium liquidity risk, posing potential challenges for financial stability and operations.

Revenue ¥2.54B, +61,7% YoY; Operating income +64,1% YoY.

• ▍Revenue ¥2.54B, +61,7% YoY
• ▍Operating income +64,1% YoY
• ▍Net income −52,6% YoY
• ▍Net margin -8.1%

Revenue ¥2.54B, +80,4% YoY; Operating income +242,8% YoY.

• ▍Revenue ¥2.54B, +80,4% YoY
• ▍Operating income +242,8% YoY
• ▍Net income +206,4% YoY
• ▍Net margin 1.6%

Revenue ¥1.78B, +34,3% YoY; Operating income +72,9% YoY.

• ▍Revenue ¥1.78B, +34,3% YoY
• ▍Operating income +72,9% YoY
• ▍Net income +63,5% YoY
• ▍Net margin -1.2%

Revenue ¥1.61B, +20,1% YoY; Operating income +51,2% YoY.

• ▍Revenue ¥1.61B, +20,1% YoY
• ▍Operating income +51,2% YoY
• ▍Net income +46,3% YoY
• ▍Net margin -2.2%

Revenue ¥1.57B; Operating income -¥152.9M.

• ▍Revenue ¥1.57B
• ▍Operating income -¥152.9M
• ▍Net margin -8.6%

Revenue ¥1.41B; Operating income -¥36.0M.

• ▍Revenue ¥1.41B
• ▍Operating income -¥36.0M
• ▍Net margin -2.7%

Revenue ¥1.32B; Operating income -¥58.2M.

• ▍Revenue ¥1.32B
• ▍Operating income -¥58.2M
• ▍Net margin -4.4%

Revenue ¥1.34B; Operating income -¥74.5M.

• ▍Revenue ¥1.34B
• ▍Operating income -¥74.5M
• ▍Net margin -4.8%

Revenue ¥7.33B, +38,9% YoY; Operating income +62,3% YoY.

• ▍Revenue ¥7.33B, +38,9% YoY
• ▍Operating income +62,3% YoY
• ▍Net income +15,1% YoY
• ▍Free cash flow +16,7% YoY
• ▍Net margin -4.1%

Revenue ¥5.28B, +15,4% YoY; Operating income −504,6% YoY.

• ▍Revenue ¥5.28B, +15,4% YoY
• ▍Operating income −504,6% YoY
• ▍Net income −1 387,6% YoY
• ▍Free cash flow +9,8% YoY
• ▍Net margin -6.7%

Revenue ¥4.57B, −2,9% YoY; Operating income −78,0% YoY.

• ▍Revenue ¥4.57B, −2,9% YoY
• ▍Operating income −78,0% YoY
• ▍Net income −92,2% YoY
• ▍Free cash flow −33,9% YoY
• ▍Net margin 0.6%

Revenue ¥4.71B, +5,9% YoY; Operating income −4,0% YoY.

• ▍Revenue ¥4.71B, +5,9% YoY
• ▍Operating income −4,0% YoY
• ▍Net income −13,0% YoY
• ▍Free cash flow −565,1% YoY
• ▍Net margin 7.5%