View ValuationVatti 将来の成長Future 基準チェック /16Vatti利益と収益がそれぞれ年間11.9%と3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.3% 11.3%なると予測されています。主要情報11.9%収益成長率11.34%EPS成長率Consumer Durables 収益成長16.9%収益成長率3.0%将来の株主資本利益率9.26%アナリストカバレッジLow最終更新日27 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesDeclared Dividend • Jun 15Dividend of CN¥0.10 announcedShareholders will receive a dividend of CN¥0.10. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (56% 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 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 28Vatti Corporation Limited, Annual General Meeting, May 19, 2026Vatti Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong Chinaお知らせ • Mar 31Vatti Corporation Limited to Report Q1, 2026 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 31Vatti Corporation Limited to Report Fiscal Year 2025 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report fiscal year 2025 results on Apr 28, 2026お知らせ • Sep 30Vatti Corporation Limited to Report Q3, 2025 Results on Oct 28, 2025Vatti Corporation Limited announced that they will report Q3, 2025 results on Oct 28, 2025お知らせ • Jul 02Vatti Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025Vatti Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025お知らせ • Apr 29Vatti Corporation Limited, Annual General Meeting, May 20, 2025Vatti Corporation Limited, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.お知らせ • Mar 31Vatti Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 31Vatti Corporation Limited to Report Fiscal Year 2024 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥1.47b (down 4.9% from 3Q 2023). Net income: CN¥104.2m (up 5.7% from 3Q 2023). Profit margin: 7.1% (up from 6.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥7.99, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 28% over the past three years.お知らせ • Sep 30Vatti Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024Vatti Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Consumer Durables industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.22 per share.お知らせ • Jun 29Vatti Corporation Limited to Report First Half, 2024 Results on Aug 30, 2024Vatti Corporation Limited announced that they will report first half, 2024 results on Aug 30, 2024Declared Dividend • Jun 22Dividend increased to CN¥0.30Dividend of CN¥0.30 is 200% higher than last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 28Vatti Corporation Limited, Annual General Meeting, May 16, 2024Vatti Corporation Limited, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Agenda: To consider the 2023 annual report and its summary; to consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2024 financial budget report; to consider the 2023 profit distribution plan; to consider the adjustment of the quota of idle proprietary funds for entrusted wealth management; to consider the 2024 remuneration plan for directors; and to consider the 2024 remuneration plan for supervisors.お知らせ • Apr 27Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2023Vatti Corporation Limited proposed final cash dividend/10 shares (tax included) is CNY 3.0000000 for the year 2023.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥1.38b (up 16% from 1Q 2023). Net income: CN¥124.1m (up 35% from 1Q 2023). Profit margin: 9.0% (up from 7.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.お知らせ • Mar 30Vatti Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥4.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.37 per share.お知らせ • Dec 29Vatti Corporation Limited to Report Fiscal Year 2023 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report fiscal year 2023 results on Apr 26, 2024お知らせ • Dec 07Vatti Corporation Limited (SZSE:002035) announces an Equity Buyback for CNY 200 million worth of its shares.Vatti Corporation Limited (SZSE:002035) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The plan will be valid for 12 months.Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.046 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥1.55b (up 6.6% from 3Q 2022). Net income: CN¥98.6m (up 152% from 3Q 2022). Profit margin: 6.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 41% 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.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥1.68b (flat on 2Q 2022). Net income: CN¥168.9m (up 4.3% from 2Q 2022). Profit margin: 10.0% (in line with 2Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.お知らせ • May 23Vatti Corporation Limited Approves Cash Dividend for the Year 2022Vatti Corporation Limited approved cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, at its Annual General Meeting of 2022 on 19 May 2023.お知らせ • May 06+ 1 more updateVatti Corporation Limited, Annual General Meeting, May 19, 2023Vatti Corporation Limited, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 annual report and its summary; to 2022 work report of the board of directors; to 2022 work report of the supervisory committee; to 2022 annual accounts; to 2023 financial budget report; to 2022 profit distribution plan; and to Adjustment of bank comprehensive credit line.Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.094 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.094 in 1Q 2022). Revenue: CN¥1.19b (up 6.2% from 1Q 2022). Net income: CN¥92.2m (up 16% from 1Q 2022). Profit margin: 7.7% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 45% 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.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥7.45, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 24% over the past three years.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.045 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.046 (up from CN¥0.045 in 3Q 2021). Revenue: CN¥1.46b (up 12% from 3Q 2021). Net income: CN¥39.2m (up 2.4% from 3Q 2021). Profit margin: 2.7% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2021). Revenue: CN¥1.68b (up 4.4% from 2Q 2021). Net income: CN¥161.9m (flat on 2Q 2021). Profit margin: 9.6% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 30Full year 2021 earnings released: EPS: CN¥0.24 (vs CN¥0.47 in FY 2020)Full year 2021 results: EPS: CN¥0.24 (down from CN¥0.47 in FY 2020). Revenue: CN¥5.59b (up 28% from FY 2020). Net income: CN¥207.3m (down 49% from FY 2020). Profit margin: 3.7% (down from 9.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.7%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Non Independent Director Jianhui Yang was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.13 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥1.31b (flat on 3Q 2020). Net income: CN¥38.3m (down 65% from 3Q 2020). Profit margin: 2.9% (down from 8.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 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¥1.61b (up 65% from 2Q 2020). Net income: CN¥161.9m (up 37% from 2Q 2020). Profit margin: 10% (down from 12% 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 14% per year whereas the company’s share price has fallen by 17% per year.Reported Earnings • May 01First quarter 2021 earnings released: EPS CN¥0.089 (vs CN¥0.053 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.05b (up 52% from 1Q 2020). Net income: CN¥77.4m (up 67% from 1Q 2020). Profit margin: 7.4% (up from 6.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Jan 28New 90-day low: CN¥7.80The company is down 13% from its price of CN¥8.94 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.28 per share.Is New 90 Day High Low • Jan 11New 90-day low: CN¥8.10The company is down 19% from its price of CN¥9.99 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.29 per share.Is New 90 Day High Low • Dec 24New 90-day low: CN¥8.93The company is down 10.0% from its price of CN¥9.88 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 Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.04 per share.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 10% at CN¥1.31b. Revenue is forecast to grow 22% over the next year, compared to a 16% growth forecast for the Consumer Durables industry in China.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥503.3m, down 33% from the prior year. Total revenue was CN¥4.45b over the last 12 months, down 22% from the prior year.Is New 90 Day High Low • Oct 23New 90-day low: CN¥9.48The company is down 9.0% from its price of CN¥10.40 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.74 per share.Is New 90 Day High Low • Sep 25New 90-day low: CN¥9.88The company is down 3.0% from its price of CN¥10.21 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.57 per share.業績と収益の成長予測XSEC:002035 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20286,065420N/A574312/31/20275,908393N/A505412/31/20265,742363N/A10143/31/20265,574296-10482N/A12/31/20255,648301294536N/A9/30/20255,954437295560N/A6/30/20256,071457273581N/A3/31/20256,250467294594N/A12/31/20246,372485394632N/A9/30/20246,377491574780N/A6/30/20246,454486832991N/A3/31/20246,4194791,2221,352N/A12/31/20236,2334478821,149N/A9/30/20235,9902228511,141N/A6/30/20235,895163396692N/A3/31/20235,889156134458N/A1/1/20235,819143174395N/A9/30/20225,882210-47188N/A6/30/20225,732209243484N/A3/31/20225,661209219490N/A1/1/20225,588207199466N/A9/30/20215,353413314564N/A6/30/20215,352483130364N/A3/31/20214,721439-10385N/A12/31/20204,360408-303-103N/A9/30/20204,446503-418-164N/A6/30/20204,485517-166117N/A3/31/20205,10866257345N/A12/31/20195,748748N/A779N/A9/30/20195,724752N/A931N/A6/30/20195,851729N/A794N/A3/31/20196,002694N/A719N/A12/31/20186,095677N/A629N/A9/30/20186,293640N/A462N/A6/30/20186,197616N/A370N/A3/31/20185,999548N/A549N/A12/31/20175,731510N/A369N/A9/30/20175,360438N/A478N/A6/30/20175,026409N/A640N/A3/31/20174,675357N/A754N/A12/31/20164,395328N/A818N/A9/30/20164,205276N/A648N/A6/30/20164,031251N/A507N/A3/31/20163,828219N/A299N/A12/31/20153,720208N/A270N/A9/30/20153,866212N/A227N/A6/30/20154,006271N/A317N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 002035の予測収益成長率 (年間11.9% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 002035の収益 ( 11.9% ) CN市場 ( 28% ) よりも低い成長が予測されています。高成長収益: 002035の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 002035の収益 ( 3% ) CN市場 ( 17.1% ) よりも低い成長が予測されています。高い収益成長: 002035の収益 ( 3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 002035の 自己資本利益率 は、3年後には低くなると予測されています ( 9.3 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/29 17:03終値2026/06/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vatti Corporation Limited 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関Yawei TangChina International Capital Corporation LimitedQinyi ZhangChina International Capital Corporation LimitedYizhen LiCitic Securities Co., Ltd.9 その他のアナリストを表示
Declared Dividend • Jun 15Dividend of CN¥0.10 announcedShareholders will receive a dividend of CN¥0.10. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (56% 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 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 28Vatti Corporation Limited, Annual General Meeting, May 19, 2026Vatti Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China
お知らせ • Mar 31Vatti Corporation Limited to Report Q1, 2026 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 31Vatti Corporation Limited to Report Fiscal Year 2025 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report fiscal year 2025 results on Apr 28, 2026
お知らせ • Sep 30Vatti Corporation Limited to Report Q3, 2025 Results on Oct 28, 2025Vatti Corporation Limited announced that they will report Q3, 2025 results on Oct 28, 2025
お知らせ • Jul 02Vatti Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025Vatti Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025
お知らせ • Apr 29Vatti Corporation Limited, Annual General Meeting, May 20, 2025Vatti Corporation Limited, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.
お知らせ • Mar 31Vatti Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 31Vatti Corporation Limited to Report Fiscal Year 2024 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥1.47b (down 4.9% from 3Q 2023). Net income: CN¥104.2m (up 5.7% from 3Q 2023). Profit margin: 7.1% (up from 6.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥7.99, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 28% over the past three years.
お知らせ • Sep 30Vatti Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024Vatti Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Consumer Durables industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.22 per share.
お知らせ • Jun 29Vatti Corporation Limited to Report First Half, 2024 Results on Aug 30, 2024Vatti Corporation Limited announced that they will report first half, 2024 results on Aug 30, 2024
Declared Dividend • Jun 22Dividend increased to CN¥0.30Dividend of CN¥0.30 is 200% higher than last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 28Vatti Corporation Limited, Annual General Meeting, May 16, 2024Vatti Corporation Limited, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Agenda: To consider the 2023 annual report and its summary; to consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2024 financial budget report; to consider the 2023 profit distribution plan; to consider the adjustment of the quota of idle proprietary funds for entrusted wealth management; to consider the 2024 remuneration plan for directors; and to consider the 2024 remuneration plan for supervisors.
お知らせ • Apr 27Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2023Vatti Corporation Limited proposed final cash dividend/10 shares (tax included) is CNY 3.0000000 for the year 2023.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥1.38b (up 16% from 1Q 2023). Net income: CN¥124.1m (up 35% from 1Q 2023). Profit margin: 9.0% (up from 7.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.
お知らせ • Mar 30Vatti Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥4.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.37 per share.
お知らせ • Dec 29Vatti Corporation Limited to Report Fiscal Year 2023 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report fiscal year 2023 results on Apr 26, 2024
お知らせ • Dec 07Vatti Corporation Limited (SZSE:002035) announces an Equity Buyback for CNY 200 million worth of its shares.Vatti Corporation Limited (SZSE:002035) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The plan will be valid for 12 months.
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.046 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥1.55b (up 6.6% from 3Q 2022). Net income: CN¥98.6m (up 152% from 3Q 2022). Profit margin: 6.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 41% 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.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥1.68b (flat on 2Q 2022). Net income: CN¥168.9m (up 4.3% from 2Q 2022). Profit margin: 10.0% (in line with 2Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
お知らせ • May 23Vatti Corporation Limited Approves Cash Dividend for the Year 2022Vatti Corporation Limited approved cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, at its Annual General Meeting of 2022 on 19 May 2023.
お知らせ • May 06+ 1 more updateVatti Corporation Limited, Annual General Meeting, May 19, 2023Vatti Corporation Limited, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 annual report and its summary; to 2022 work report of the board of directors; to 2022 work report of the supervisory committee; to 2022 annual accounts; to 2023 financial budget report; to 2022 profit distribution plan; and to Adjustment of bank comprehensive credit line.
Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.094 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.094 in 1Q 2022). Revenue: CN¥1.19b (up 6.2% from 1Q 2022). Net income: CN¥92.2m (up 16% from 1Q 2022). Profit margin: 7.7% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 45% 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.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥7.45, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 24% over the past three years.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.045 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.046 (up from CN¥0.045 in 3Q 2021). Revenue: CN¥1.46b (up 12% from 3Q 2021). Net income: CN¥39.2m (up 2.4% from 3Q 2021). Profit margin: 2.7% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2021). Revenue: CN¥1.68b (up 4.4% from 2Q 2021). Net income: CN¥161.9m (flat on 2Q 2021). Profit margin: 9.6% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 30Full year 2021 earnings released: EPS: CN¥0.24 (vs CN¥0.47 in FY 2020)Full year 2021 results: EPS: CN¥0.24 (down from CN¥0.47 in FY 2020). Revenue: CN¥5.59b (up 28% from FY 2020). Net income: CN¥207.3m (down 49% from FY 2020). Profit margin: 3.7% (down from 9.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.7%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Non Independent Director Jianhui Yang was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.13 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥1.31b (flat on 3Q 2020). Net income: CN¥38.3m (down 65% from 3Q 2020). Profit margin: 2.9% (down from 8.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 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¥1.61b (up 65% from 2Q 2020). Net income: CN¥161.9m (up 37% from 2Q 2020). Profit margin: 10% (down from 12% 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 14% per year whereas the company’s share price has fallen by 17% per year.
Reported Earnings • May 01First quarter 2021 earnings released: EPS CN¥0.089 (vs CN¥0.053 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.05b (up 52% from 1Q 2020). Net income: CN¥77.4m (up 67% from 1Q 2020). Profit margin: 7.4% (up from 6.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Jan 28New 90-day low: CN¥7.80The company is down 13% from its price of CN¥8.94 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.28 per share.
Is New 90 Day High Low • Jan 11New 90-day low: CN¥8.10The company is down 19% from its price of CN¥9.99 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.29 per share.
Is New 90 Day High Low • Dec 24New 90-day low: CN¥8.93The company is down 10.0% from its price of CN¥9.88 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 Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.04 per share.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 10% at CN¥1.31b. Revenue is forecast to grow 22% over the next year, compared to a 16% growth forecast for the Consumer Durables industry in China.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥503.3m, down 33% from the prior year. Total revenue was CN¥4.45b over the last 12 months, down 22% from the prior year.
Is New 90 Day High Low • Oct 23New 90-day low: CN¥9.48The company is down 9.0% from its price of CN¥10.40 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.74 per share.
Is New 90 Day High Low • Sep 25New 90-day low: CN¥9.88The company is down 3.0% from its price of CN¥10.21 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.57 per share.