Announcement • Jun 30
Dongguan Dingtong Precision Metal Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Declared Dividend • May 25
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 26th May 2026 Payment date: 26th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 17
First quarter 2026 earnings released: EPS: CN¥0.58 (vs CN¥0.38 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.58 (up from CN¥0.38 in 1Q 2025). Revenue: CN¥457.4m (up 21% from 1Q 2025). Net income: CN¥80.3m (up 52% from 1Q 2025). Profit margin: 18% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 11
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 31
Dongguan Dingtong Precision Metal Co., Ltd., Annual General Meeting, Apr 20, 2026 Dongguan Dingtong Precision Metal Co., Ltd., Annual General Meeting, Apr 20, 2026, at 15:30 China Standard Time. Location: No. 7, Yinzhu Road, Zhouwu Community, Dongcheng Subdistrict, Dongguan, Guangdong China Announcement • Mar 30
Dongguan Dingtong Precision Metal Co., Ltd. to Report Q1, 2026 Results on Apr 16, 2026 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report Q1, 2026 results on Apr 16, 2026 Reported Earnings • Mar 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥1.74 (up from CN¥0.80 in FY 2024). Revenue: CN¥1.58b (up 54% from FY 2024). Net income: CN¥241.3m (up 119% from FY 2024). Profit margin: 15% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
Dongguan Dingtong Precision Metal Co., Ltd. to Report Fiscal Year 2025 Results on Mar 18, 2026 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report fiscal year 2025 results on Mar 18, 2026 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥119, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 153% over the past three years. Board Change • Dec 13
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman of the Board & GM Chenghai Wang is the most experienced director on the board, commencing their role in 2018. Independent Director Wenping Peng was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥96.27, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 102% over the past three years. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.21 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.44 (up from CN¥0.21 in 3Q 2024). Revenue: CN¥371.6m (up 48% from 3Q 2024). Net income: CN¥61.2m (up 111% from 3Q 2024). Profit margin: 17% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Sep 30
Dongguan Dingtong Precision Metal Co., Ltd. to Report Q3, 2025 Results on Oct 21, 2025 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report Q3, 2025 results on Oct 21, 2025 Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: CN¥0.45 (vs CN¥0.23 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.45 (up from CN¥0.23 in 2Q 2024). Revenue: CN¥405.9m (up 57% from 2Q 2024). Net income: CN¥62.5m (up 101% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Jul 21
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 Chinese stocks, typically moving 6.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥77.99, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 27% over the past three years. Announcement • Jul 03
Dongguan Dingtong Precision Metal Co., Ltd. to Report First Half, 2025 Results on Aug 07, 2025 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report first half, 2025 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥58.28, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 27% over the past three years. Declared Dividend • May 19
Dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 23rd May 2025 Payment date: 23rd May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.8% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.13 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.13 in 1Q 2024). Revenue: CN¥378.7m (up 95% from 1Q 2024). Net income: CN¥52.9m (up 190% from 1Q 2024). Profit margin: 14% (up from 9.4% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 18
Dongguan Dingtong Precision Metal Co., Ltd., Annual General Meeting, May 08, 2025 Dongguan Dingtong Precision Metal Co., Ltd., Annual General Meeting, May 08, 2025, at 15:30 China Standard Time. Location: No. 7, Yinzhu Road, Zhouwu Community, Dongcheng Subdistrict, Dongguan, Guangdong China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥35.40, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Mar 28
Dongguan Dingtong Precision Metal Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Reported Earnings • Mar 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.79 (up from CN¥0.48 in FY 2023). Revenue: CN¥1.03b (up 51% from FY 2023). Net income: CN¥110.2m (up 66% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥47.25, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 38% over the past three years. New Risk • Dec 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Dec 27
Dongguan Dingtong Precision Metal Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥51.24, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 8.8% over the past three years. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.057 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.057 in 3Q 2023). Revenue: CN¥250.9m (up 58% from 3Q 2023). Net income: CN¥29.0m (up 263% from 3Q 2023). Profit margin: 12% (up from 5.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Sep 30
Dongguan Dingtong Precision Metal Co., Ltd. to Report Q3, 2024 Results on Oct 22, 2024 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report Q3, 2024 results on Oct 22, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥40.75, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 52% over the past three years. New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin). Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.086 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.086 in 2Q 2023). Revenue: CN¥258.2m (up 52% from 2Q 2023). Net income: CN¥31.1m (up 163% from 2Q 2023). Profit margin: 12% (up from 6.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jun 29
Dongguan Dingtong Precision Metal Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 53% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.16b to CN¥1.11b. EPS estimate also fell from CN¥2.19 per share to CN¥1.03 per share. Net income forecast to grow 168% next year vs 40% growth forecast for Electrical industry in China. Consensus price target of CN¥50.00 unchanged from last update. Share price was steady at CN¥51.57 over the past week. Announcement • Apr 17
Dongguan Dingtong Precision Metal Co., Ltd., Annual General Meeting, May 10, 2024 Dongguan Dingtong Precision Metal Co., Ltd., Annual General Meeting, May 10, 2024, at 15:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Reported Earnings • Apr 17
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.34 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18 (down from CN¥0.34 in 1Q 2023). Revenue: CN¥193.9m (up 20% from 1Q 2023). Net income: CN¥18.2m (down 45% from 1Q 2023). Profit margin: 9.4% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥53.83, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 116% over the past three years. Announcement • Mar 29
Dongguan Dingtong Precision Metal Co., Ltd. to Report Q1, 2024 Results on Apr 17, 2024 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report Q1, 2024 results on Apr 17, 2024 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥48.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 85% over the past three years. Reported Earnings • Feb 26
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥0.71 (down from CN¥1.95 in FY 2022). Revenue: CN¥682.7m (down 19% from FY 2022). Net income: CN¥70.4m (down 58% from FY 2022). Profit margin: 10% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥35.04, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥40.26, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥50.82, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 24% over the past year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.08 (vs CN¥0.57 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.08 (down from CN¥0.57 in 3Q 2022). Revenue: CN¥158.6m (down 33% from 3Q 2022). Net income: CN¥8.01m (down 84% from 3Q 2022). Profit margin: 5.0% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥61.77, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥57.33, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 35% over the past year. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.65 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.65 in 2Q 2022). Revenue: CN¥170.2m (down 31% from 2Q 2022). Net income: CN¥11.8m (down 79% from 2Q 2022). Profit margin: 6.9% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Buying Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be CN¥114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last year. Earnings per share has grown by 35%. Revenue is forecast to grow by 102% in 2 years. Earnings is forecast to grow by 102% in the next 2 years. Announcement • Jun 28
Dongguan Dingtong Precision Metal Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Dongguan Dingtong Precision Metal Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to CN¥109, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 52% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥100 per share. Buying Opportunity • Jun 15
Now 21% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be CN¥99.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last year. Earnings per share has grown by 35%. Revenue is forecast to grow by 102% in 2 years. Earnings is forecast to grow by 102% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥68.81, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 10.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥100 per share. Reported Earnings • Apr 19
First quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.38 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.34. Revenue: CN¥162.0m (down 8.2% from 1Q 2022). Net income: CN¥33.2m (up 3.1% from 1Q 2022). Profit margin: 21% (up from 18% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥71.58, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 62% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.24 per share. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to CN¥71.68, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.99 per share. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥1.92 (vs CN¥1.28 in FY 2021) Full year 2022 results: EPS: CN¥1.92 (up from CN¥1.28 in FY 2021). Revenue: CN¥838.8m (up 48% from FY 2021). Net income: CN¥168.4m (up 54% from FY 2021). Profit margin: 20% (in line with FY 2021). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Electrical industry in China. Buying Opportunity • Dec 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥78.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 102% in 2 years. Earnings is forecast to grow by 108% in the next 2 years. Buying Opportunity • Nov 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥86.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 102% in 2 years. Earnings is forecast to grow by 107% in the next 2 years. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.57 (vs CN¥0.34 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.57 (up from CN¥0.34 in 3Q 2021). Revenue: CN¥235.2m (up 59% from 3Q 2021). Net income: CN¥48.9m (up 69% from 3Q 2021). Profit margin: 21% (up from 20% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥82.64, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 81% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥158 per share. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: CN¥0.65 (vs CN¥0.41 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.65 (up from CN¥0.41 in 2Q 2021). Revenue: CN¥246.2m (up 53% from 2Q 2021). Net income: CN¥55.3m (up 57% from 2Q 2021). Profit margin: 23% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 59% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥74.94, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 108% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.78 per share. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥68.50, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 101% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.34 per share. Upcoming Dividend • May 04
Upcoming dividend of CN¥0.60 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Chinese dividend payers (2.2%). In line with average of industry peers (1.1%). Announcement • Apr 09
Dongguan Dingtong Precision Metal Co., Ltd. announced that it expects to receive CNY 800 million in funding Dongguan Dingtong Precision Metal Co., Ltd. announced a private placement of common shares for gross proceeds of up to CNY 800,000,000 on April 8, 2022. Reported Earnings • Mar 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥1.29 (up from CN¥1.14 in FY 2020). Revenue: CN¥568.0m (up 59% from FY 2020). Net income: CN¥109.9m (up 51% from FY 2020). Profit margin: 19% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 49%, compared to a 65% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥45.65, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Electrical industry in China. Total returns to shareholders of 78% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.63 per share. Reported Earnings • Feb 28
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥1.29 (up from CN¥1.14 in FY 2020). Revenue: CN¥568.0m (up 59% from FY 2020). Net income: CN¥109.9m (up 51% from FY 2020). Profit margin: 19% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 49%, compared to a 60% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥70.18, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 45x in the Electrical industry in China. Total returns to shareholders of 139% over the past year. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 39% share price gain to CN¥73.79, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 45x in the Electrical industry in China. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.26 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥148.3m (up 69% from 3Q 2020). Net income: CN¥28.9m (up 55% from 3Q 2020). Profit margin: 20% (down from 21% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥48.25, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 39x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥57.38, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 37x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥39.34, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 34x in the Electrical industry in China. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥30.80, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 30x in the Electrical industry in China. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥1.14 (vs CN¥0.88 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥357.8m (up 55% from FY 2019). Net income: CN¥72.7m (up 35% from FY 2019). Profit margin: 20% (down from 23% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥26.54, the stock is trading at a trailing P/E ratio of 30.2x, down from the previous P/E ratio of 35.9x. This compares to an average P/E of 33x in the Auto Components industry in China.