Anuncio • Jun 30
Dongguan Development (Holdings) Co., Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Dongguan Development (Holdings) Co., Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Board Change • May 20
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. 10 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Huiming Huang was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Mar 31
Dongguan Development (Holdings) Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Dongguan Development (Holdings) Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Anuncio • Mar 28
Dongguan Development (Holdings) Co., Ltd., Annual General Meeting, Apr 17, 2026 Dongguan Development (Holdings) Co., Ltd., Annual General Meeting, Apr 17, 2026, at 15:00 China Standard Time. Location: 37F, Rail Transit Building, Nancheng Subdistrict, Dongguan, Guangdong China Anuncio • Dec 31
Dongguan Development (Holdings) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Dongguan Development (Holdings) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Anuncio • Sep 30
Dongguan Development (Holdings) Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Dongguan Development (Holdings) Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Anuncio • Aug 27
Dongguan Development (Holdings) Co., Ltd. Proposes Interim Cash Dividend for the Year 2025 Dongguan Development (Holdings) Co., Ltd. at its Extraordinary General Meeting to be on 11 September 2025, proposed interim cash dividend/10 shares (tax included) of CNY 1.50000000 for the year 2025. Anuncio • Jul 02
Dongguan Development (Holdings) Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Dongguan Development (Holdings) Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Anuncio • Apr 10
Dongguan Development (Holdings) Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Dongguan Development (Holdings) Co., Ltd. announced on 08 April 2025 the profit distribution proposal for 2024 as follows: Final Cash dividend/10 shares (tax included): CNY 3.25000000. Anuncio • Apr 08
Dongguan Development (Holdings) Co., Ltd., Annual General Meeting, Apr 28, 2025 Dongguan Development (Holdings) Co., Ltd., Annual General Meeting, Apr 28, 2025, at 15:00 China Standard Time. Location: 37F, Rail Transit Building, Nancheng Subdistrict, Dongguan, Guangdong China Anuncio • Mar 31
Dongguan Development (Holdings) Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Dongguan Development (Holdings) Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Anuncio • Dec 31
Dongguan Development (Holdings) Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Dongguan Development (Holdings) Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.26 in 3Q 2023). Revenue: CN¥497.5m (down 67% from 3Q 2023). Net income: CN¥284.9m (flat on 3Q 2023). Profit margin: 57% (up from 19% in 3Q 2023). 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 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.33, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 15x in the Infrastructure industry in China. Total returns to shareholders of 9.5% over the past three years. Anuncio • Sep 30
Dongguan Development (Holdings) Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Dongguan Development (Holdings) Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.11, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 15x in the Infrastructure industry in China. Total returns to shareholders of 8.1% over the past three years. Anuncio • Sep 24
Dongguan Development (Holdings) Co., Ltd. Announces Interim Cash Dividend on A Shares for 2024, Payable on 27 September 2024 Dongguan Development (Holdings) Co., Ltd. announced interim cash dividend of CNY 1.50000000 per 10 A shares (tax included) for 2024. Record date: 26 September 2024. Ex-date: 27 September 2024. Payment date: 27 September 2024. Anuncio • Sep 13
Dongguan Development (Holdings) Co., Ltd. Approves Interim Cash Dividend Dongguan Development (Holdings) Co., Ltd. held its 2nd Extraordinary General Meeting of 2024 on 11 September 2024, during which the following proposal(s) was/were approved: 2024 interim profit distribution plan. The detailed profit distribution plan is as; Cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.037 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥447.7m (down 67% from 2Q 2023). Net income: CN¥39.2m (down 82% from 2Q 2023). Profit margin: 8.8% (down from 16% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Anuncio • Aug 24
Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) and Dongguan Financial Holdings Group Co.,Ltd. agreed to acquire an additional 20% stake in Dongguan Securities Co., Ltd. from Guangdong Golden Dragon Development Inc. (SZSE:000712) for CNY 2.3 billion. Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) and Dongguan Financial Holdings Group Co.,Ltd. agreed to acquire an additional 20% stake in Dongguan Securities Co., Ltd. from Guangdong Golden Dragon Development Inc. (SZSE:000712) for CNY 2.3 billion on August 21, 2024. A cash consideration of CNY 2.27 billion valued at CNY 2271.7542 per share will be paid by Dongguan Development (Holdings) Co., Ltd. and Dongguan Financial Holdings Group Co.,Ltd. for 300 million shares. Upon completion, Dongguan Development (Holdings) Co., Ltd. will own 27.10% and Dongguan Financial Holdings Group Co.,Ltd. will own 32.90% stake in Dongguan Securities Co., Ltd.
The transaction is subject to approval of offer by target shareholders. The deal has been approved by the board of Guangdong Golden Dragon Development. Anuncio • Aug 09
Bank of Dongguan Co.,Ltd. completed the acquisition of 5% stake in Dongguan Chang'an Rural Bank Co., Ltd. from Dongguan Development (Holdings) Co., Ltd. (SZSE:000828). Bank of Dongguan Co.,Ltd. signed a letter of intent to acquire 5% stake in Dongguan Chang'an Rural Bank Co., Ltd. from Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) for CNY 29 million on May 14, 2024. Bank of Dongguan Co.,Ltd. agreed to acquire 5% stake in Dongguan Chang'an Rural Bank Co., Ltd. from Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) for CNY29 million on May 17, 2024. The consideration consists of CNY 29.11 million in cash. As part of the consideration, CNY 29.11 million was paid towards common equity. On April 7, 2024, Dongguan Development (Holdings) Co., Ltd. held the 28th meeting of the 8th Board of Directors and reviewed and approved the Proposal on Public bidding and Transfer of 5% Equity in Chang'an Rural Bank.
Bank of Dongguan Co.,Ltd. completed the acquisition of 5% stake in Dongguan Chang'an Rural Bank Co., Ltd. from Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) on August 7, 2024. The deal has been approved by financial regulatory authorities. Anuncio • Jun 29
Dongguan Development (Holdings) Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Dongguan Development (Holdings) Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Anuncio • May 25
Dongguan Development (Holdings) Co., Ltd. Approves 2023 Final Profit Distribution on A Shares, Payable on 29 May 2024 Dongguan Development (Holdings) Co., Ltd. approved the 2023 final profit distribution plan to be implemented (A shares), payable on 29 May 2024. The company announced Cash dividend/10 shares (tax included) of CNY 3.25000000. The record date is 28 May 2024 and Ex-date is 29 May 2024. New Risk • May 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.2% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.23 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.38 (up from CN¥0.23 in 1Q 2023). Revenue: CN¥426.5m (down 27% from 1Q 2023). Net income: CN¥402.6m (up 59% from 1Q 2023). Profit margin: 94% (up from 43% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Anuncio • Mar 30
Dongguan Development (Holdings) Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Dongguan Development (Holdings) Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.43, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 16x in the Infrastructure industry in China. Negligible returns to shareholders over past three years. Anuncio • Dec 29
Dongguan Development (Holdings) Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Dongguan Development (Holdings) Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Nov 09
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 6.5% 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: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Earnings have declined by 5.4% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥10.91, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 16x in the Infrastructure industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.23 in 3Q 2022). Revenue: CN¥1.51b (up 96% from 3Q 2022). Net income: CN¥283.1m (up 3.3% from 3Q 2022). Profit margin: 19% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Anuncio • Sep 30
Dongguan Development (Holdings) Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Dongguan Development (Holdings) Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.26 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥1.36b (up 6.3% from 2Q 2022). Net income: CN¥212.1m (down 22% from 2Q 2022). Profit margin: 16% (down from 21% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Anuncio • Aug 12
Dongguan Development Plans to Buy Dongguan Investment Firm Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) said it plans to buy Dongguan investment firm for up to CNY 774 million ($107.38 million). Says it will indirectly own 35% stake in firm in charge of construction work of a road section of highway project. Anuncio • Jun 27
Dongguan Development (Holdings) Co., Ltd. Approves 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 30, 2023 Dongguan Development (Holdings) Co., Ltd. approved 2022 final profit distribution plan to be implemented (A shares), payable on June 30, 2023. The company announced Cash dividend/10 shares (tax included) of CNY 2.50000000. The record date is June 29, 2023 and Ex-date is June 30, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Independent Director Heng Liu is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥772.2m (up 97% from 3Q 2021). Net income: CN¥274.1m (down 3.0% from 3Q 2021). Profit margin: 36% (down from 72% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.26 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.26 in 2Q 2021). Revenue: CN¥1.28b (up 244% from 2Q 2021). Net income: CN¥271.1m (up 2.2% from 2Q 2021). Profit margin: 21% (down from 71% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.89 (vs CN¥0.88 in FY 2020) Full year 2021 results: EPS: CN¥0.89 (up from CN¥0.88 in FY 2020). Revenue: CN¥5.32b (up 324% from FY 2020). Net income: CN¥929.6m (up 1.9% from FY 2020). Profit margin: 18% (down from 73% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Supervisor Jinbang Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: CN¥0.89 (vs CN¥0.88 in FY 2020) Full year 2021 results: EPS: CN¥0.89 (up from CN¥0.88 in FY 2020). Revenue: CN¥5.32b (up 324% from FY 2020). Net income: CN¥929.6m (up 1.9% from FY 2020). Profit margin: 18% (down from 73% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Apr 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Supervisor Jinbang Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. Supervisor Jinbang Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥11.99, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 15x in the Infrastructure industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.33 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥391.3m (down 11% from 3Q 2020). Net income: CN¥282.5m (down 18% from 3Q 2020). Profit margin: 72% (down from 78% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.20 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥372.1m (up 45% from 2Q 2020). Net income: CN¥265.3m (up 27% from 2Q 2020). Profit margin: 71% (down from 81% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Jul 31
High number of new directors Chairman of Board of Supervisors Chen Yingyi was the last director to join the board, commencing their role in 2019. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.11 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥346.4m (up 111% from 1Q 2020). Net income: CN¥240.0m (up 116% from 1Q 2020). Profit margin: 69% (up from 68% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS CN¥0.88 (vs CN¥1.03 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥1.26b (down 23% from FY 2019). Net income: CN¥912.7m (down 15% from FY 2019). Profit margin: 73% (up from 66% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥8.50 The company is down 6.0% from its price of CN¥9.00 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥9.00 The company is down 4.0% from its price of CN¥9.39 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Infrastructure industry, which is down 6.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥905.4m, down 23% from the prior year. Total revenue was CN¥1.27b over the last 12 months, down 22% from the prior year. 
