Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Ming Li was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 13
Darbond Technology Co., Ltd, Annual General Meeting, May 07, 2026 Darbond Technology Co., Ltd, Annual General Meeting, May 07, 2026, at 14:30 China Standard Time. Location: 29F, No. 66, Zhujiang Road, Yantai Economic and Technological Development Zone, Shandong China Annonce • Mar 30
Darbond Technology Co., Ltd to Report Q1, 2026 Results on Apr 25, 2026 Darbond Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Annonce • Dec 26
Darbond Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 11, 2026 Darbond Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 11, 2026 Annonce • Sep 30
Darbond Technology Co., Ltd to Report Q3, 2025 Results on Oct 25, 2025 Darbond Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Annonce • Jun 30
Darbond Technology Co., Ltd to Report First Half, 2025 Results on Aug 16, 2025 Darbond Technology Co., Ltd announced that they will report first half, 2025 results on Aug 16, 2025 Annonce • Apr 20
Darbond Technology Co., Ltd, Annual General Meeting, May 09, 2025 Darbond Technology Co., Ltd, Annual General Meeting, May 09, 2025, at 14:30 China Standard Time. Location: 29F, No. 66, Zhujiang Road, Yantai Economic and Technological Development Zone, Shandong China Annonce • Apr 04
Darbond Technology Co., Ltd (SHSE:688035) announces an Equity Buyback for CNY 80 million worth of its shares. Darbond Technology Co., Ltd (SHSE:688035) announces a share repurchase program. Under the program, the company will repurchase its A shares for a total of CNY 80 million. The shares will be purchased at a price not exceeding CNY 63.52 per share. The program will be funded via own funds and funds from a special loan, the amount of the special loan shall not exceed CNY 72 million. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to transfer all repurchased shares within three years after the announcement date of the results of the share repurchase and the changes in shares, the untransferred repurchased shares will be canceled. The program will be valid for 12 months. Annonce • Mar 28
Darbond Technology Co., Ltd to Report Q1, 2025 Results on Apr 26, 2025 Darbond Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Annonce • Feb 05
Darbond Technology Co., Ltd (SHSE:688035) acquired 54.91% stake in Suzhou Techinno New Material Technology Co., Ltd. from Li Zhaoqiang, Huang Dong Ningbo Meishan Bonded Port Area Tainuo Enterprise Management Partnership (Limited Partnership), Yancheng Tainuo Zhongxin Enterprise Management Partnership (Limited Partnership) and Yancheng Tainuo Zhizhong Enterprise Management Partnership (Limited Partnership). Darbond Technology Co., Ltd (SHSE:688035) agreed to acquire 54.91% stake in Suzhou Techinno New Material Technology Co., Ltd. from Li Zhaoqiang, Huang Dong Ningbo Meishan Bonded Port Area Tainuo Enterprise Management Partnership (Limited Partnership), Yancheng Tainuo Zhongxin Enterprise Management Partnership (Limited Partnership) and Yancheng Tainuo Zhizhong Enterprise Management Partnership (Limited Partnership) for approximately CNY 140 million on December 25, 2024.
As of September 30, 2024, Suzhou Techinno New Material Technology Co., Ltd. reported total assets of CNY 57.55 million and total common equity of CNY 51.66 million.
The deal has been approved by the board of Darbond Technology.
Darbond Technology Co., Ltd (SHSE:688035) completed the acquisition of 54.91% stake in Suzhou Techinno New Material Technology Co., Ltd. from Li Zhaoqiang, Huang Dong Ningbo Meishan Bonded Port Area Tainuo Enterprise Management Partnership (Limited Partnership), Yancheng Tainuo Zhongxin Enterprise Management Partnership (Limited Partnership) and Yancheng Tainuo Zhizhong Enterprise Management Partnership (Limited Partnership) on February 5, 2025. Annonce • Dec 27
Darbond Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 Darbond Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥38.10, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 36% over the past year. New Risk • Oct 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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 Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.5% net profit margin). Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.24 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.24 in 3Q 2023). Revenue: CN¥321.1m (up 25% from 3Q 2023). Net income: CN¥26.7m (down 20% from 3Q 2023). Profit margin: 8.3% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥41.88, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 16% over the past year. Annonce • Sep 30
Darbond Technology Co., Ltd to Report Q3, 2024 Results on Oct 24, 2024 Darbond Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 24, 2024 New Risk • Sep 23
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 7.4% 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 Dividend is not well covered by cash flows (119% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥29.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 44% over the past year. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥259.8m (up 18% from 2Q 2023). Net income: CN¥19.9m (down 25% from 2Q 2023). Profit margin: 7.7% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Annonce • Jun 28
Darbond Technology Co., Ltd to Report First Half, 2024 Results on Aug 24, 2024 Darbond Technology Co., Ltd announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • Apr 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.6% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.6% net profit margin). Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.72 (vs CN¥1.06 in FY 2022) Full year 2023 results: EPS: CN¥0.72 (down from CN¥1.06 in FY 2022). Revenue: CN¥932.0m (flat on FY 2022). Net income: CN¥102.9m (down 16% from FY 2022). Profit margin: 11% (down from 13% in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥29.59, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 56% over the past year. Annonce • Mar 29
Darbond Technology Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 Darbond Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥35.34, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 42% over the past year. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.72 (vs CN¥1.06 in FY 2022) Full year 2023 results: EPS: CN¥0.72 (down from CN¥1.06 in FY 2022). Revenue: CN¥932.0m (flat on FY 2022). Net income: CN¥102.8m (down 16% from FY 2022). Profit margin: 11% (down from 13% in FY 2022). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥33.33, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 45% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.44 per share. Annonce • Dec 29
Darbond Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024 Darbond Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024 Annonce • Dec 15
Darbond Technology Co., Ltd (SHSE:688035) announces an Equity Buyback for CNY 60 million worth of its shares. Darbond Technology Co., Ltd (SHSE:688035) announces a share repurchase program. Under the program, the company will repurchase its A shares for a total of CNY 60 million. The shares will be purchased at a price not exceeding CNY 89.01 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥59.20, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 14x in the Chemicals industry in China. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.37 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.24 (down from CN¥0.37 in 3Q 2022). Revenue: CN¥256.1m (flat on 3Q 2022). Net income: CN¥33.5m (down 15% from 3Q 2022). Profit margin: 13% (down from 15% in 3Q 2022). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.25 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.25 in 2Q 2022). Revenue: CN¥220.3m (up 9.7% from 2Q 2022). Net income: CN¥26.4m (flat on 2Q 2022). Profit margin: 12% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥66.87, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 30x in the Chemicals industry in China. Annonce • Jun 28
Darbond Technology Co., Ltd to Report First Half, 2023 Results on Aug 18, 2023 Darbond Technology Co., Ltd announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥1.06 (vs CN¥0.72 in FY 2021) Full year 2022 results: EPS: CN¥1.06 (up from CN¥0.72 in FY 2021). Revenue: CN¥928.5m (up 59% from FY 2021). Net income: CN¥123.0m (up 62% from FY 2021). Profit margin: 13% (in line with FY 2021). Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CN¥1.06 (vs CN¥0.72 in FY 2021) Full year 2022 results: EPS: CN¥1.06 (up from CN¥0.72 in FY 2021). Revenue: CN¥928.5m (up 59% from FY 2021). Net income: CN¥122.7m (up 62% from FY 2021). Profit margin: 13% (in line with FY 2021). Board Change • Dec 20
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). General Manager & Director Tianan Chen is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.