Upcoming Dividend • Jun 01
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (6.9%). In line with average of industry peers (5.0%). New Risk • May 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$781.5m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 26
Dividend of HK$0.02 announced Shareholders will receive a dividend of HK$0.02. Ex-date: 8th June 2026 Payment date: 25th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 39% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: CN¥0.059 (vs CN¥0.054 in FY 2024) Full year 2025 results: EPS: CN¥0.059 (up from CN¥0.054 in FY 2024). Revenue: CN¥363.5m (up 13% from FY 2024). Net income: CN¥116.6m (up 9.4% from FY 2024). Profit margin: 32% (down from 33% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 24
Daphne International Holdings Limited, Annual General Meeting, May 21, 2026 Daphne International Holdings Limited, Annual General Meeting, May 21, 2026. New Risk • Mar 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (HK$751.9m market cap, or US$96.0m). Announcement • Mar 12
Daphne International Holdings Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Daphne International Holdings Limited announced that they will report fiscal year 2025 results on Mar 24, 2026 New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$742.0m (US$95.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. New Risk • Oct 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$771.7m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 23
First half 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.028 in 1H 2024) First half 2025 results: EPS: CN¥0.033 (up from CN¥0.028 in 1H 2024). Revenue: CN¥198.3m (up 18% from 1H 2024). Net income: CN¥64.7m (up 15% from 1H 2024). Profit margin: 33% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 04
Daphne International Holdings Limited to Report First Half, 2025 Results on Aug 20, 2025 Daphne International Holdings Limited announced that they will report first half, 2025 results on Aug 20, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.5%). New Risk • Jun 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$781.5m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Announcement • May 21
Daphne International Holdings Limited Approves Final Ordinary Cash Dividend for the Year Ended 31 December 2024 Daphne International Holdings Limited approved the final Ordinary cash dividend of HKD 0.02 per share of the Company for the year ended 31 December 2024, at the AGM held on 21 May 2025. Declared Dividend • Mar 28
Dividend of HK$0.02 announced Shareholders will receive a dividend of HK$0.02. Ex-date: 13th June 2025 Payment date: 26th June 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (14% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 86% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: CN¥0.054 (vs CN¥0.034 in FY 2023) Full year 2024 results: EPS: CN¥0.054 (up from CN¥0.034 in FY 2023). Revenue: CN¥322.3m (up 23% from FY 2023). Net income: CN¥106.6m (up 71% from FY 2023). Profit margin: 33% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 37% per year. Announcement • Mar 26
Daphne International Holdings Limited, Annual General Meeting, May 21, 2025 Daphne International Holdings Limited, Annual General Meeting, May 21, 2025. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (HK$662.8m market cap, or US$85.3m). Announcement • Mar 12
Daphne International Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Daphne International Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Announcement • Nov 29
Daphne International Holdings Limited Appoints Chang Wan-Hsun as an Executive Director with Effect from 1 December 2024 Daphne International Holdings Limited announce that Ms. Chang Wan-Hsun () ("Ms. Chang") has been appointed as an executive Director with effect from 1 December 2024. Ms. Chang, aged 45, has extensive experience in procurement, cost control and logistics management. She has been serving various positions in the Group since August 2004 and her current position is the finance director in Shanghai headquarters of the Group since October
2020. Ms. Chang is also a director of Gentlefit Trading Limited since July 2022 and a supervisor of each of Hanjiang Footwear Co. Ltd., Putian City and Hanjiang Dafu Footwear Co. Ltd., Putian City since May 2021, Daphne (Wenzhou) Brand Management Co. Ltd. since January 2022, and Shanghai Aixie Information Technology Co. Ltd. since September 2023, all of which are the subsidiaries of the Company. Ms. Chang obtained a bachelor of arts degree from The University of Auckland in May 2004. Ms. Chang is the sister of Mr. Chang Chih-Kai, the chairman of the Board and an executive Director, and Mr. Chang Chih-Chiao, the chief executive officer and an executive Director. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non Executive Director Philip Tan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
First half 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.017 in 1H 2023) First half 2024 results: EPS: CN¥0.028 (up from CN¥0.017 in 1H 2023). Revenue: CN¥168.8m (up 52% from 1H 2023). Net income: CN¥56.1m (up 80% from 1H 2023). Profit margin: 33% (up from 28% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Daphne International Holdings Limited to Report Q2, 2024 Results on Aug 21, 2024 Daphne International Holdings Limited announced that they will report Q2, 2024 results on Aug 21, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 04 July 2024. Trailing yield: 6.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.1%). New Risk • Mar 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (HK$366.0m market cap, or US$46.8m). Announcement • Mar 27
Daphne International Holdings Limited, Annual General Meeting, May 22, 2024 Daphne International Holdings Limited, Annual General Meeting, May 22, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.034 (vs HK$0.024 in FY 2022) Full year 2023 results: EPS: HK$0.034 (up from HK$0.024 in FY 2022). Revenue: HK$262.6m (up 32% from FY 2022). Net income: HK$62.4m (up 45% from FY 2022). Profit margin: 24% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Daphne International Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 04 July 2024 Daphne International Holdings Limited proposed final dividend for the Year Ended 31 December 2023 of HKD 0.01 per share to the shareholders' approval on 22 May 2024. Ex-dividend date: 14 June 2024; Record date: 20 June 2024; Payment date: 04 July 2024. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (HK$372.0m market cap, or US$47.6m). Announcement • Mar 14
Daphne International Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Daphne International Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Announcement • Nov 01
Daphne International Holdings Limited (SEHK:210) acquired the remaining 40.04% stake in Full Pearl International Limited from Yue Yuen Industrial (Holdings) Limited (SEHK:551). Daphne International Holdings Limited (SEHK:210) agreed to acquire the remaining 40.04% stake in Full Pearl International Limited from Yue Yuen Industrial (Holdings) Limited (SEHK:551) for CNY 42.5 million on September 28, 2023. Upon signing of the SP Agreement, the Daphne shall pay to the Yue Yuen Industrial (Holdings) Limited a deposit in the amount of CNY 12.75 million which will be paid at closing as a part payment and CNY 29.75 million, equivalent to be paid by the Daphne to the Yue Yuen Industrial (Holdings) Limited (SEHK:551) at completion. Upon Completion, the Full Pearl International Limited will become a direct wholly-owned subsidiary of the Daphne International Holdings Limited. The deal is subject to (a) all the Warranties being true and correct in all material respects and remaining so from the date of share purchase agreement up to Completion (b) all necessary consents in relation to the transactions contemplated under share purchase agreement having been obtained by each Obligor of the Stock Exchange and any relevant authorities and other relevant third parties in Hong Kong, the PRC or elsewhere which are required for the entering into, execution, delivery and performance of share purchase agreement and the Transaction, having been obtained (c) Daphne International Holdings having paid the Deposit in full to Yue Yuen Industrial (Holdings) (d) Daphne International Holdings having paid the Deposit in full to Yue Yuen Industrial (Holdings) (e) all necessary consents in relation to the transactions contemplated under share purchase agreement having been obtained by each Daphne International Holdings of the Stock Exchange and any relevant authorities and other relevant third parties in Hong Kong, the PRC or elsewhere which are required for the entering into, execution, delivery and performance of share purchase agreement and the Transaction, having been obtained (f) Daphne International Holdings having published an announcement on the website designated by the Stock Exchange in relation to share purchase agreement and the Transaction, and the Stock Exchange not having made any objection to share purchase agreement, the Transaction, or this announcement. The Directors (including the independent non-executive Directors) of Daphne International Holdings Limited Chang Chih-Kai considered that the terms of the Transaction were fair and reasonable. As of July 31, 2023, Full Pearl International Limited having the net assets of approximately CNY 210 million. The deal expected to close by December 31, 2023. Daphne International Holdings Limited (SEHK:210) acquired the remaining 40.04% stake in Full Pearl International Limited from Yue Yuen Industrial (Holdings) Limited (SEHK:551) on October 30, 2023. New Risk • Oct 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (HK$463.0m market cap, or US$59.2m). Reported Earnings • Aug 25
First half 2023 earnings released: EPS: HK$0.019 (vs HK$0.011 in 1H 2022) First half 2023 results: EPS: HK$0.019 (up from HK$0.011 in 1H 2022). Revenue: HK$123.0m (up 134% from 1H 2022). Net income: HK$34.5m (up 81% from 1H 2022). Profit margin: 28% (down from 36% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Daphne International Holdings Limited to Report First Half, 2023 Results on Aug 23, 2023 Daphne International Holdings Limited announced that they will report first half, 2023 results on Aug 23, 2023 New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin). Market cap is less than US$100m (HK$288.4m market cap, or US$37.0m). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: HK$0.024 (vs HK$0.029 in FY 2021) Full year 2022 results: EPS: HK$0.024 (down from HK$0.029 in FY 2021). Revenue: HK$199.8m (up 89% from FY 2021). Net income: HK$43.1m (down 18% from FY 2021). Profit margin: 22% (down from 50% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
First half 2022 earnings released: EPS: HK$0.011 (vs HK$0.025 in 1H 2021) First half 2022 results: EPS: HK$0.011 (down from HK$0.025 in 1H 2021). Revenue: HK$52.6m (up 4.5% from 1H 2021). Net income: HK$19.1m (down 57% from 1H 2021). Profit margin: 36% (down from 89% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
First half 2021 earnings released: EPS HK$0.025 (vs HK$0.086 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$50.4m (down 76% from 1H 2020). Net income: HK$44.8m (up HK$186.0m from 1H 2020). Profit margin: 89% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Executive Departure • Jul 16
Independent Non-Executive Director Jung-Cheng Kuo has left the company On the 7th of July, Jung-Cheng Kuo's tenure as Independent Non-Executive Director ended after 19.9 years in the role. We don't have any record of a personal shareholding under Jung-Cheng's name. Jung-Cheng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years. Reported Earnings • Apr 20
Full year 2020 earnings released: HK$0.14 loss per share (vs HK$0.65 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: HK$363.9m (down 83% from FY 2019). Net loss: HK$242.0m (loss narrowed 77% from FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: HK$0.14 loss per share (vs HK$0.65 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: HK$363.9m (down 83% from FY 2019). Net loss: HK$242.0m (loss narrowed 77% from FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day low: HK$0.20 The company is down 9.0% from its price of HK$0.22 on 25 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 19
New 90-day low: HK$0.21 The company is down 4.0% from its price of HK$0.22 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: HK$0.23 The company is up 16% from its price of HK$0.20 on 14 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 20% over the same period.