Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Qian Li was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 30
DuoLun Technology Corporation Ltd., Annual General Meeting, May 22, 2026 DuoLun Technology Corporation Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Annuncio • Mar 30
DuoLun Technology Corporation Ltd. to Report Q1, 2026 Results on Apr 30, 2026 DuoLun Technology Corporation Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Annuncio • Dec 26
DuoLun Technology Corporation Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 DuoLun Technology Corporation Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Annuncio • Sep 30
DuoLun Technology Corporation Ltd. to Report Q3, 2025 Results on Oct 31, 2025 DuoLun Technology Corporation Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Annuncio • Jun 30
DuoLun Technology Corporation Ltd. to Report First Half, 2025 Results on Aug 29, 2025 DuoLun Technology Corporation Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Annuncio • Apr 26
DuoLun Technology Corporation Ltd., Annual General Meeting, May 28, 2025 DuoLun Technology Corporation Ltd., Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Annuncio • Mar 28
DuoLun Technology Corporation Ltd. to Report Q1, 2025 Results on Apr 26, 2025 DuoLun Technology Corporation Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Annuncio • Dec 27
DuoLun Technology Corporation Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 DuoLun Technology Corporation Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.012 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.012 loss in 3Q 2023). Revenue: CN¥110.0m (down 20% from 3Q 2023). Net income: CN¥22.1m (up CN¥29.4m from 3Q 2023). Profit margin: 20% (up from net loss in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Sep 30
DuoLun Technology Corporation Ltd. to Report Q3, 2024 Results on Oct 30, 2024 DuoLun Technology Corporation Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.016 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.021 (up from CN¥0.016 in 2Q 2023). Revenue: CN¥145.7m (up 7.2% from 2Q 2023). Net income: CN¥14.8m (up 47% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Jun 28
DuoLun Technology Corporation Ltd. to Report First Half, 2024 Results on Aug 28, 2024 DuoLun Technology Corporation Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Annuncio • Apr 27
DuoLun Technology Corporation Ltd., Annual General Meeting, May 16, 2024 DuoLun Technology Corporation Ltd., Annual General Meeting, May 16, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.005 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.005 in 1Q 2023). Revenue: CN¥167.2m (up 8.8% from 1Q 2023). Net income: CN¥5.07m (up 66% from 1Q 2023). Profit margin: 3.0% (up from 2.0% in 1Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annuncio • Mar 30
DuoLun Technology Corporation Ltd. to Report Q1, 2024 Results on Apr 26, 2024 DuoLun Technology Corporation Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Annuncio • Feb 20
DuoLun Technology Corporation Ltd. (SHSE:603528) announces an Equity Buyback for CNY 60 million worth of its shares. DuoLun Technology Corporation Ltd. (SHSE:603528) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The repurchase price will not more than CNY 10.6 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Annuncio • Dec 29
DuoLun Technology Corporation Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 DuoLun Technology Corporation Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.6% 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: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 337% Cash payout ratio: 101% Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.6% increase in shares outstanding). New Risk • Nov 14
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 6.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 337% Cash payout ratio: 94% Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.012 loss per share (vs CN¥0.03 profit in 3Q 2022) Third quarter 2023 results: CN¥0.012 loss per share (down from CN¥0.03 profit in 3Q 2022). Revenue: CN¥137.0m (down 33% from 3Q 2022). Net loss: CN¥7.24m (down 138% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
DuoLun Technology Corporation Ltd. to Report Q3, 2023 Results on Oct 28, 2023 DuoLun Technology Corporation Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% 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 Earnings have declined by 41% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.033 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.033 in 2Q 2022). Revenue: CN¥136.0m (down 23% from 2Q 2022). Net income: CN¥10.1m (down 52% from 2Q 2022). Profit margin: 7.4% (down from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Jun 19
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: 0.9% 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: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.007 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.005 (down from CN¥0.007 in 1Q 2022). Revenue: CN¥153.6m (down 5.6% from 1Q 2022). Net income: CN¥3.05m (down 28% from 1Q 2022). Profit margin: 2.0% (down from 2.6% in 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 62% 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. Board Change • Nov 16
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. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.024 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.024 loss in 3Q 2021). Revenue: CN¥204.2m (up 48% from 3Q 2021). Net income: CN¥18.9m (up CN¥33.6m from 3Q 2021). Profit margin: 9.2% (up from net loss in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.033 (vs CN¥0.012 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.033 (up from CN¥0.012 in 2Q 2021). Revenue: CN¥175.8m (down 15% from 2Q 2021). Net income: CN¥20.8m (up 174% from 2Q 2021). Profit margin: 12% (up from 3.7% in 2Q 2021). Over the next year, revenue is forecast to grow 43%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.007 (vs CN¥0.036 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.007 (down from CN¥0.036 in 1Q 2021). Revenue: CN¥162.7m (down 30% from 1Q 2021). Net income: CN¥4.22m (down 81% from 1Q 2021). Profit margin: 2.6% (down from 9.6% in 1Q 2021). Over the next year, revenue is forecast to grow 70%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.024 loss per share (vs CN¥0.065 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥138.2m (down 23% from 3Q 2020). Net loss: CN¥14.7m (down 137% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.072 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥207.4m (up 21% from 2Q 2020). Net income: CN¥7.61m (down 83% from 2Q 2020). Profit margin: 3.7% (down from 26% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 2% per year, which means it is well ahead of earnings. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.045 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥232.5m (up CN¥197.9m from 1Q 2020). Net income: CN¥22.3m (up CN¥50.7m from 1Q 2020). Profit margin: 9.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.14, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 8.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥7.97, the stock is trading at a trailing P/E ratio of 49.2x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past three years are 6.2%. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥8.00 The company is down 33% from its price of CN¥12.03 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.95 per share. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥9.37 The company is down 1.0% from its price of CN¥9.43 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.95 per share. Is New 90 Day High Low • Nov 05
New 90-day high: CN¥12.47 The company is up 10.0% from its price of CN¥11.31 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.84 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥100.9m, down 26% from the prior year. Total revenue was CN¥635.7m over the last 12 months, up 9.4% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day high: CN¥11.99 The company is up 5.0% from its price of CN¥11.43 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.84 per share. Is New 90 Day High Low • Sep 23
New 90-day low: CN¥9.84 The company is down 6.0% from its price of CN¥10.43 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.83 per share.