Investor Presentaiton
Situation Recap: The Stock Price Decline
Share Price Performance (1)
January 2014 January 2017
HK$
$17.0
$12.0
$7.0
$2.0
Jan-14
Late 2014: Mr. Zhao
began privately conveying
to Mr. Sun his concerns
Apr-14
Jul-14
Nov-14
Feb-15
July 2014: Yingde Loudi
plant stoppage due to
dispute in gas supply
contract
Customer and JV Disputes
Nov. 6: Mr. Sun & Mr. Strutt
removed as CEO and COO
Nov. 8: Stock price closes 6.8%
higher two days after removal
announced
Regional Comps
(Rebased)
Global Comps
(Rebased)
Yingde
May-15
Sep-15
Dec-15
Dec 2015: Yingde Pingshan plant
seizure due to refusal to accommodate
key customer Heibei Jingye Steel's
payment delays
Mar-16
May/June 2016: Cashflow
issues caused the Company to
delay salary payments to
employees for 2 mths
Jul-16
Oct-16
Feb-17
October 2016: Taking measures to
raise cash, including requiring plant
managers to pledge equipment and
raise RMB 5MM or face two-month
salary penalty
YINGDE GASES GROUP COMPANY LIMITED
盈德氣體集團有限公司
Notes
1. Regional comps includes Taiyo Nippon Sanso, Air Water, SK Materials and Wonik Materials; Global comps includes Air Products and
Chemicals, Air Liquide and Linde Aktiengesellschaft
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