SINC Research | Milton Maxwell

SINC

Sincerity Applied Materials Holdings Corp.

7.86

-0.04-0.51%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

235.58M

P/E (TTM)

Basic EPS (TTM)

-4700.92

Dividend Yield

Recent Filings

8-K

Hires new PCAOB auditor

9/30/22Sep 30, 2022

Sincerity Applied Materials Holdings Corp. engaged J&S Associate, a PCAOB-registered firm, on September 30, 2022, to audit its financials for 2019-2022. New accountants. This switch signals fresh oversight amid its emerging growth status.

8-K

Acquires BDPPL for $1M

9/27/22Sep 27, 2022

Sincerity Applied Materials Holdings Corp entered a stock purchase agreement on September 27, 2022, to acquire 100% of B D Pacific Pty Ltd for USD1,000,000 total consideration—USD500,000 cash for new shares as working capital and USD500,000 warrant to the seller. Simon Rees, BDPPL's director, will join as COO to drive international expansion. BDPPL eyes USD150,000 net earnings before tax in 2023. Warrants vest on performance milestones.

8-K

Signed consultancy for financing

9/26/22Sep 26, 2022

Sincerity Applied Materials Holdings Corp. signed a 12-month non-exclusive consultancy agreement with MD Global Partners on September 26, 2022, for placement agent services and M&A advice, including OTC and NASDAQ strategies. Success fees include 7% cash plus 1% expenses on introduced financings, or 5% cash plus 1% equity on mergers. No base fee; efforts unguaranteed. Tail fees apply for 24 months post-term.

10-Q

Q2 FY2022 results

8/15/22Aug 15, 2022

Sincerity Applied Materials posted Q2 revenue of $1,573, down sharply from $14,937 y/y, flipping to a $5,706 gross loss while operating expenses ballooned to $134,199 on $122k professional fees for convertible notes, driving a $139,905 operating loss. Net loss hit $114k after a $27k derivative gain offset interest and FX hits; comprehensive loss reached $260k from $146k translation losses. Cash climbed to $13,987 on $261k financing inflows despite $116k operating outflows, bolstering a $556k current surplus and $752k net assets. Convertible notes issued in April-June totaled ~$243k principal. Stockholders fund 80-90% of sales. Controls remain weak.

8-K

Auditor resigns over staffing

7/26/22Jul 26, 2022

Sincerity Applied Materials Holdings Corp. lost its auditor SW Audit on July 18, 2022, due to COVID-induced staff shortages in Australia halting audit work. No disagreements with management; prior reports were clean. No replacement yet. Search underway.

About

Sincerity Applied Materials Holdings Corp. provides packing materials for the automotive, packaging, building and construction, and engineering industries in Australia, Asia, and the Middle East. The company primarily offers breathable plastic films and modified atmosphere packaging products for the packaging of perishable foods, as well as extruded plastic components comprising moldings, auto interior components, kitchen splash backs, etc. to end users and distributors. Its products are used in packaging, agriculture, automotive and transportation, paint and coating, construction, personal care and hygiene, electronic, pharmaceutical, energy and natural resource, plastic, and rubber and leather applications. Sincerity Applied Materials Holdings Corp. is headquartered in Sydney, Australia.

CEO

Mr. Yiwen Zhang

IPO

1/27/2014

Website

https://www.sincerityholdings.com

Employees

Sector

Basic Materials

Industry

Specialty Chemicals