Daoming Optics&ChemicalLtd（002632）株式概要大明光学化工有限公司は、反射材料と製品の研究開発、生産、販売を世界的に行っています。 詳細002632 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績5/6財務の健全性5/6配当金5/6報酬当社が推定した公正価値より64%で取引されている 過去1年間で収益は20%増加しました リスク分析不安定な配当実績 すべてのリスクチェックを見る002632 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥9.9716.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue CN¥1.7bEarnings CN¥250.9mAdvancedSet Fair ValueView all narrativesDaoming Optics&Chemical Co.,Ltd 競合他社Zhejiang Hailide New MaterialLtdSymbol: SZSE:002206Market cap: CN¥6.3bZhejiang Jiaao Enprotech StockSymbol: SHSE:603822Market cap: CN¥5.7bZhejiang Zhengguang IndustrialSymbol: SZSE:301092Market cap: CN¥6.9bMiracll ChemicalsLtdSymbol: SZSE:300848Market cap: CN¥6.2b価格と性能株価の高値、安値、推移の概要Daoming Optics&ChemicalLtd過去の株価現在の株価CN¥9.9752週高値CN¥16.5652週安値CN¥8.42ベータ0.561ヶ月の変化-10.98%3ヶ月変化-27.01%1年変化15.39%3年間の変化45.76%5年間の変化45.34%IPOからの変化80.26%最新ニュースDeclared Dividend • May 01Dividend of CN¥0.17 announcedShareholders will receive a dividend of CN¥0.17. Ex-date: 11th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (90.0% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in FY 2024)Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.49b (up 3.5% from FY 2024). Net income: CN¥221.6m (up 30% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). 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 17% per year, which means it is well ahead of earnings.お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang ChinaValuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.00, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years.Board Change • Jan 01High number of new directorsNon-Independent Director Minchao Hu was the last director to join the board, commencing their role in 2025.最新情報をもっと見るRecent updatesDeclared Dividend • May 01Dividend of CN¥0.17 announcedShareholders will receive a dividend of CN¥0.17. Ex-date: 11th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (90.0% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in FY 2024)Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.49b (up 3.5% from FY 2024). Net income: CN¥221.6m (up 30% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). 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 17% per year, which means it is well ahead of earnings.お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang ChinaValuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.00, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years.Board Change • Jan 01High number of new directorsNon-Independent Director Minchao Hu was the last director to join the board, commencing their role in 2025.お知らせ • Dec 31Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2025 Results on Mar 23, 2026Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2025 results on Mar 23, 2026Valuation Update With 7 Day Price Move • Dec 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥12.73, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 124% over the past three years.お知らせ • Dec 03Daoming Optics&Chemical Co.,Ltd. Approves Appointment of Hu Minchao as Non-Independent DirectorDaoming Optics&Chemical Co.,Ltd. held its 2nd Extraordinary General Meeting of 2025 on December 1, 2025, during which the proposal for the by-election of Hu Minchao as a non-independent director was approved.New Risk • Nov 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change).Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 30%After last week's 30% share price gain to CN¥12.44, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 105% over the past three years.Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.081 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.081 in 3Q 2024). Revenue: CN¥368.8m (up 2.2% from 3Q 2024). Net income: CN¥65.5m (up 30% from 3Q 2024). Profit margin: 18% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower 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 21% per year, which means it is well ahead of earnings.お知らせ • Sep 30Daoming Optics&Chemical Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025Declared Dividend • Sep 11First half dividend of CN¥0.13 announcedDividend of CN¥0.13 is the same as last year. Ex-date: 15th September 2025 Payment date: 15th September 2025 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.お知らせ • Sep 06Daoming Optics&Chemical Co.,Ltd Approves 2025 Interim Profit Distribution PlanDaoming Optics&Chemical Co.,Ltd at its the EGM held on September 4, 2025, approved 2025 interim profit distribution plan Cash dividend/10 shares (tax included): CNY 1.30000000.Reported Earnings • Aug 21Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.077 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.077 in 2Q 2024). Revenue: CN¥399.6m (up 14% from 2Q 2024). Net income: CN¥62.6m (up 30% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). 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 5% per year.お知らせ • Jul 02Daoming Optics&Chemical Co.,Ltd to Report First Half, 2025 Results on Aug 19, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2025 results on Aug 19, 2025Declared Dividend • May 17Dividend of CN¥0.13 announcedShareholders will receive a dividend of CN¥0.13. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.3% to bring the payout ratio under control. However, EPS has declined by 1.9% over the last 5 years so the company would need to reverse this trend.お知らせ • May 16Daoming Optics&Chemical Co.,Ltd Announces Final Cash Dividend Plan on A Shares for the Year 2024, Payable on 22 May 2025Daoming Optics&Chemical Co.,Ltd announced final cash dividend plan on A shares of CNY 1.30000000 per 10 shares for 2024. Record date: 21 May 2025; Ex-date: 22 May 2025 and Payment date: 22 May 2025.お知らせ • Apr 23Daoming Optics&Chemical Co.,Ltd Proposes Final Cash Dividend for 2024Daoming Optics&Chemical Co.,Ltd proposed final cash dividend of CNY 1.30000000 per 10 shares (tax included) for 2024.Reported Earnings • Apr 22First quarter 2025 earnings released: EPS: CN¥0.082 (vs CN¥0.073 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.082 (up from CN¥0.073 in 1Q 2024). Revenue: CN¥334.0m (up 5.6% from 1Q 2024). Net income: CN¥51.5m (up 13% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year.お知らせ • Apr 22Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 13, 2025Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 13, 2025, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang ChinaValuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥7.48, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 39% over the past three years.お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd to Report Q1, 2025 Results on Apr 22, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2025 results on Apr 22, 2025分析記事 • Mar 21Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Buy Or Sell Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock has risen 9.0% to CN¥9.65. The fair value is estimated to be CN¥12.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 30%.Buy Or Sell Opportunity • Feb 17Now 23% undervaluedOver the last 90 days, the stock has risen 12% to CN¥9.38. The fair value is estimated to be CN¥12.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 30%.Valuation Update With 7 Day Price Move • Jan 03Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥7.75, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years.お知らせ • Dec 31Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025分析記事 • Nov 29Does Daoming Optics&ChemicalLtd (SZSE:002632) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Board Change • Nov 18Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Haifeng Li was the last independent 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: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.087 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.087 in 3Q 2023). Revenue: CN¥360.9m (up 5.0% from 3Q 2023). Net income: CN¥50.4m (down 7.6% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 30Daoming Optics&Chemical Co.,Ltd to Report Q3, 2024 Results on Oct 22, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2024 results on Oct 22, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥8.22, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 25% over the past three years.お知らせ • Sep 11Daoming Optics&Chemical Co.,Ltd Announces 2024 Interim Cash Dividend (A Shares) (Tax Included), Payable on 19 September 2024Daoming Optics&Chemical Co.,Ltd announced 2024 interim Cash dividend (A shares) (tax included) of CNY 1.30000000 per 10 share. The dividend will payable on 19 September 2024 with record date of 18 September 2024 and Ex-date of 19 September 2024.お知らせ • Sep 07Daoming Optics&Chemical Co.,Ltd Approves 2024 Interim Profit Distribution PlanDaoming Optics&Chemical Co.,Ltd held its 1st Extraordinary General Meeting of 2024 on 05 September 2024, during which the following proposal(s) was/were approved: 2024 interim profit distribution plan of Cash dividend/10 shares (tax included): CNY 1.30000000.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥7.71, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years.Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.077 (vs CN¥0.069 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.077 (up from CN¥0.069 in 2Q 2023). Revenue: CN¥350.8m (up 6.1% from 2Q 2023). Net income: CN¥48.1m (up 11% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Aug 21Daoming Optics&Chemical Co.,Ltd Announces the Profit Distribution Proposal for the First Half of 2024Daoming Optics&Chemical Co.,Ltd announced on 20 August 2024 the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 1.30000000.お知らせ • Jun 29Daoming Optics&Chemical Co.,Ltd to Report First Half, 2024 Results on Aug 20, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2024 results on Aug 20, 2024分析記事 • Jun 18Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥7.01, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years.分析記事 • May 27Daoming Optics&ChemicalLtd (SZSE:002632) Is Paying Out Less In Dividends Than Last YearDaoming Optics&Chemical Co.,Ltd ( SZSE:002632 ) has announced that on 30th of May, it will be paying a dividend...Declared Dividend • May 27Dividend reduced to CN¥0.30Dividend of CN¥0.30 is 33% lower than last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. However, EPS has declined by 4.8% over the last 5 years so the company would need to reverse this trend.お知らせ • May 25Daoming Optics&Chemical Co.,Ltd Implements Final Profit Distribution Plan A Shares for 2023, Payable on 30 May 2024Daoming Optics&Chemical Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.0000000. Record date: 29 May 2024, Ex-date: 30 May 2024, Payment date: 30 May 2024.New Risk • May 23New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 103% Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 103% Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin).分析記事 • May 06There May Be Reason For Hope In Daoming Optics&ChemicalLtd's (SZSE:002632) Disappointing EarningsThe market for Daoming Optics&Chemical Co.,Ltd's ( SZSE:002632 ) shares didn't move much after it posted weak earnings...お知らせ • May 01Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 21, 2024Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 21, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang ChinaReported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.058 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.058 in 1Q 2023). Revenue: CN¥316.3m (up 6.8% from 1Q 2023). Net income: CN¥45.4m (up 27% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥6.32, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 8.2% over the past three years.分析記事 • Apr 12Calculating The Fair Value Of Daoming Optics&Chemical Co.,Ltd (SZSE:002632)Key Insights Using the Dividend Discount Model, Daoming Optics&ChemicalLtd fair value estimate is CN¥7.16 Current share...お知らせ • Mar 30Daoming Optics&Chemical Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024Buy Or Sell Opportunity • Mar 29Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to CN¥8.66. The fair value is estimated to be CN¥7.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%.Buy Or Sell Opportunity • Mar 11Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to CN¥9.03. The fair value is estimated to be CN¥7.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥8.21, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years.分析記事 • Mar 05Daoming Optics&Chemical Co.,Ltd's (SZSE:002632) Shares Climb 37% But Its Business Is Yet to Catch UpDaoming Optics&Chemical Co.,Ltd ( SZSE:002632 ) shares have had a really impressive month, gaining 37% after a shaky...Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥6.40, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 9.7% over the past three years.Buy Or Sell Opportunity • Feb 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to CN¥5.27. The fair value is estimated to be CN¥6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.86, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 8.4% over the past three years.お知らせ • Dec 30Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥8.59, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.087 (vs CN¥0.081 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.087 (up from CN¥0.081 in 3Q 2022). Revenue: CN¥343.7m (up 1.5% from 3Q 2022). Net income: CN¥54.6m (up 7.1% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Sep 30Daoming Optics&Chemical Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.058 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.058 in 2Q 2022). Revenue: CN¥330.8m (up 8.8% from 2Q 2022). Net income: CN¥43.4m (up 20% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Jul 15Daoming Optics&Chemical Co.,Ltd Announces Management AppointmentsDaoming Optics&Chemical Co.,Ltd announced at the EGM held on July 13, 2023 that the company approved election of Hu Zhixiong, Hu Haoheng and Yang Shuai as non-independent directors; Li Haifeng as independent director and Li Wenbin and Chen Taohua as shareholder supervisors. composition of non-independent directors: Hu Zhibiao, Hu Zhixiong, Hu Feng, Hu Haoheng, Zhang Yadong and Yang Shuai; independent directors: Chen Lianyong, Li Haifeng and Jin Ying.お知らせ • May 19+ 1 more updateDaoming Optics&Chemical Co.,Ltd Implements Final Profit Distribution Plan A Shares for 2022, Payable on 25 May 2023Daoming Optics&Chemical Co.,Ltd announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 4.50000000. Record date: 24 May 2023, Ex-date: 25 May 2023, Payment date: 25 May 2023.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.044 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.058 (up from CN¥0.044 in 1Q 2022). Revenue: CN¥296.0m (up 2.6% from 1Q 2022). Net income: CN¥35.9m (up 31% from 1Q 2022). Profit margin: 12% (up from 9.5% in 1Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Hu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.072 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.081 (up from CN¥0.072 in 3Q 2021). Revenue: CN¥338.6m (up 6.2% from 3Q 2021). Net income: CN¥50.9m (up 11% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.058 (vs CN¥0.049 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.058 (up from CN¥0.049 in 2Q 2021). Revenue: CN¥304.1m (down 4.7% from 2Q 2021). Net income: CN¥36.2m (up 21% from 2Q 2021). Profit margin: 12% (up from 9.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • May 21Daoming Optics&Chemical Co.,Ltd Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 27, 2022Daoming Optics&Chemical Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares), payable on May 27, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.50000000 with record date May 26, 2022 and ex-dividend date May 27, 2022.お知らせ • May 19Daoming Optics&Chemical Co.,Ltd Approves Dividend for the Year 2021Daoming Optics&Chemical Co.,Ltd announced at annual general meeting held on 17 May 2022, the shareholders approved cash dividend of CNY 0.50000000 per ten shares (tax included) for the year 2021.お知らせ • Apr 27Daoming Optics&Chemical Co.,Ltd Proposes Profit Distribution for 2021Daoming Optics&Chemical Co.,Ltd announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 0.50000000.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Hu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥6.68, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 2.5% over the past three years.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.13 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥318.8m (down 8.1% from 3Q 2020). Net income: CN¥46.0m (down 45% from 3Q 2020). Profit margin: 14% (down from 24% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% 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.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.049 (vs CN¥0.08 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥319.0m (flat on 2Q 2020). Net income: CN¥29.9m (down 38% from 2Q 2020). Profit margin: 9.4% (down from 15% in 2Q 2020). 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 1% per year.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥8.20, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 11% over the past three years.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.07 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥301.1m (up 19% from 1Q 2020). Net income: CN¥50.4m (up 16% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 26Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.32 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.27b (down 9.0% from FY 2019). Net income: CN¥169.2m (down 15% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Feb 24Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2020 Results on Mar 26, 2021Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2020 results on Mar 26, 2021Is New 90 Day High Low • Jan 29New 90-day low: CN¥6.22The company is down 14% from its price of CN¥7.25 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 Chemicals industry, which is up 22% over the same period.Is New 90 Day High Low • Jan 12New 90-day low: CN¥6.91The company is down 9.0% from its price of CN¥7.61 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period.Is New 90 Day High Low • Dec 11New 90-day low: CN¥7.11The company is down 16% from its price of CN¥8.43 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period.Analyst Estimate Surprise Post Earnings • Oct 26Third-quarter earnings released: Earnings beat expectations, revenue disappointsThird-quarter revenue missed analyst estimates by 15% at CN¥347.0m. Earnings per share (EPS) exceeded analyst estimates by 8.3% at CN¥0.13. Revenue is forecast to grow 25% over the next year, compared to a 42% growth forecast for the Chemicals industry in China.Reported Earnings • Oct 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥185.1m, down 18% from the prior year. Total revenue was CN¥1.34b over the last 12 months, up 3.1% from the prior year.お知らせ • Oct 19Daoming Optics&Chemical Co.,Ltd to Report Q3, 2020 Results on Oct 26, 2020Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2020 results on Oct 26, 2020Is New 90 Day High Low • Oct 14New 90-day low: CN¥7.61The company is down 16% from its price of CN¥9.09 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals 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¥1.80 per share.お知らせ • Sep 30Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd.Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd. from Daoming Optics&Chemical Co.,Ltd (SZSE:002632), Jiang Xumu, Li Shenghua and Yang Rongcheng for CNY 30 million on September 25, 2020. Daoming Optics&Chemical Co.,Ltd will transfer 2.78% stake for CNY 5 million and post completion will own 2.27% stake in MDTP. As of Dec 31, 2019 MDTP has total assets of CNY 67.1 million, net assets of CNY 52.7 million, revenue of CNY 16.6 million and net loss of CNY 1.1 million. On September 25, 2020, the 2nd session of Daoming Optics&Chemical Co.,Ltd 9th directorate for 2020 approved the transaction.Upcoming Dividend • Sep 21Upcoming Dividend of CN¥0.13 Per ShareWill be paid on the 28th of September to those who are registered shareholders by that date. The trailing yield of 1.6% is below the top quartile of Chinese dividend payers (1.6%), but is in line with industry peers (1.5%).お知らせ • Aug 04Daoming Optics&Chemical Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020株主還元002632CN ChemicalsCN 市場7D-0.2%8.3%2.8%1Y15.4%65.8%31.9%株主還元を見る業界別リターン: 002632過去 1 年間で65.8 % の収益を上げたCN Chemicals業界を下回りました。リターン対市場: 002632は、過去 1 年間で31.9 % のリターンを上げたCN市場を下回りました。価格変動Is 002632's price volatile compared to industry and market?002632 volatility002632 Average Weekly Movement6.9%Chemicals Industry Average Movement7.0%Market Average Movement6.7%10% most volatile stocks in CN Market10.6%10% least volatile stocks in CN Market4.4%安定した株価: 002632 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 002632の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20021,334Zhi Biao Huwww.daoming.com大明光学化工有限公司は、反射材料と反射製品の研究開発、生産、販売を世界的に行っている。反射フィルムやクロス製品、アルミ・プラスチックフィルム、PC/PMMA複合シート、グラフェン放熱フィルムなどの機能性材料、フィルムロール、光学フィルムシート、量子ドットフィルムなどのマイクロ・ナノ光学ディスプレイ材料を提供している。同社は2007年に設立され、中国永康市に拠点を置く。もっと見るDaoming Optics&Chemical Co.,Ltd 基礎のまとめDaoming Optics&ChemicalLtd の収益と売上を時価総額と比較するとどうか。002632 基礎統計学時価総額CN¥6.23b収益（TTM）CN¥211.19m売上高(TTM)CN¥1.45b29.5xPER（株価収益率4.3xP/Sレシオ002632 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計002632 損益計算書（TTM）収益CN¥1.45b売上原価CN¥979.84m売上総利益CN¥469.88mその他の費用CN¥258.69m収益CN¥211.19m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.34グロス・マージン32.41%純利益率14.57%有利子負債／自己資本比率14.8%002632 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.4%現在の配当利回り90%配当性向View Valuation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2026/06/17 19:30終値2026/06/17 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Daoming Optics&Chemical Co.,Ltd 0 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。4 アナリスト機関Xiao Bao LiuEverbright Securities Co. Ltd.Marcus ChuGoldman SachsYunxin LiGuosen Securities Co., Ltd.1 その他のアナリストを表示
Declared Dividend • May 01Dividend of CN¥0.17 announcedShareholders will receive a dividend of CN¥0.17. Ex-date: 11th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (90.0% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in FY 2024)Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.49b (up 3.5% from FY 2024). Net income: CN¥221.6m (up 30% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). 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 17% per year, which means it is well ahead of earnings.
お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.00, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years.
Board Change • Jan 01High number of new directorsNon-Independent Director Minchao Hu was the last director to join the board, commencing their role in 2025.
Declared Dividend • May 01Dividend of CN¥0.17 announcedShareholders will receive a dividend of CN¥0.17. Ex-date: 11th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (90.0% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend.
お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in FY 2024)Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.49b (up 3.5% from FY 2024). Net income: CN¥221.6m (up 30% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). 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 17% per year, which means it is well ahead of earnings.
お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥12.00, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years.
Board Change • Jan 01High number of new directorsNon-Independent Director Minchao Hu was the last director to join the board, commencing their role in 2025.
お知らせ • Dec 31Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2025 Results on Mar 23, 2026Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2025 results on Mar 23, 2026
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥12.73, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 124% over the past three years.
お知らせ • Dec 03Daoming Optics&Chemical Co.,Ltd. Approves Appointment of Hu Minchao as Non-Independent DirectorDaoming Optics&Chemical Co.,Ltd. held its 2nd Extraordinary General Meeting of 2025 on December 1, 2025, during which the proposal for the by-election of Hu Minchao as a non-independent director was approved.
New Risk • Nov 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change).
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 30%After last week's 30% share price gain to CN¥12.44, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 105% over the past three years.
Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.081 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.081 in 3Q 2024). Revenue: CN¥368.8m (up 2.2% from 3Q 2024). Net income: CN¥65.5m (up 30% from 3Q 2024). Profit margin: 18% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower 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 21% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Daoming Optics&Chemical Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025
Declared Dividend • Sep 11First half dividend of CN¥0.13 announcedDividend of CN¥0.13 is the same as last year. Ex-date: 15th September 2025 Payment date: 15th September 2025 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
お知らせ • Sep 06Daoming Optics&Chemical Co.,Ltd Approves 2025 Interim Profit Distribution PlanDaoming Optics&Chemical Co.,Ltd at its the EGM held on September 4, 2025, approved 2025 interim profit distribution plan Cash dividend/10 shares (tax included): CNY 1.30000000.
Reported Earnings • Aug 21Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.077 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.077 in 2Q 2024). Revenue: CN¥399.6m (up 14% from 2Q 2024). Net income: CN¥62.6m (up 30% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). 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 5% per year.
お知らせ • Jul 02Daoming Optics&Chemical Co.,Ltd to Report First Half, 2025 Results on Aug 19, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2025 results on Aug 19, 2025
Declared Dividend • May 17Dividend of CN¥0.13 announcedShareholders will receive a dividend of CN¥0.13. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.3% to bring the payout ratio under control. However, EPS has declined by 1.9% over the last 5 years so the company would need to reverse this trend.
お知らせ • May 16Daoming Optics&Chemical Co.,Ltd Announces Final Cash Dividend Plan on A Shares for the Year 2024, Payable on 22 May 2025Daoming Optics&Chemical Co.,Ltd announced final cash dividend plan on A shares of CNY 1.30000000 per 10 shares for 2024. Record date: 21 May 2025; Ex-date: 22 May 2025 and Payment date: 22 May 2025.
お知らせ • Apr 23Daoming Optics&Chemical Co.,Ltd Proposes Final Cash Dividend for 2024Daoming Optics&Chemical Co.,Ltd proposed final cash dividend of CNY 1.30000000 per 10 shares (tax included) for 2024.
Reported Earnings • Apr 22First quarter 2025 earnings released: EPS: CN¥0.082 (vs CN¥0.073 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.082 (up from CN¥0.073 in 1Q 2024). Revenue: CN¥334.0m (up 5.6% from 1Q 2024). Net income: CN¥51.5m (up 13% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year.
お知らせ • Apr 22Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 13, 2025Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 13, 2025, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥7.48, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 39% over the past three years.
お知らせ • Mar 31Daoming Optics&Chemical Co.,Ltd to Report Q1, 2025 Results on Apr 22, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2025 results on Apr 22, 2025
分析記事 • Mar 21Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Buy Or Sell Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock has risen 9.0% to CN¥9.65. The fair value is estimated to be CN¥12.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 30%.
Buy Or Sell Opportunity • Feb 17Now 23% undervaluedOver the last 90 days, the stock has risen 12% to CN¥9.38. The fair value is estimated to be CN¥12.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 30%.
Valuation Update With 7 Day Price Move • Jan 03Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥7.75, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years.
お知らせ • Dec 31Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025
分析記事 • Nov 29Does Daoming Optics&ChemicalLtd (SZSE:002632) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Board Change • Nov 18Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Haifeng Li was the last independent 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: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 22Third quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.087 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.087 in 3Q 2023). Revenue: CN¥360.9m (up 5.0% from 3Q 2023). Net income: CN¥50.4m (down 7.6% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 30Daoming Optics&Chemical Co.,Ltd to Report Q3, 2024 Results on Oct 22, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2024 results on Oct 22, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥8.22, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 25% over the past three years.
お知らせ • Sep 11Daoming Optics&Chemical Co.,Ltd Announces 2024 Interim Cash Dividend (A Shares) (Tax Included), Payable on 19 September 2024Daoming Optics&Chemical Co.,Ltd announced 2024 interim Cash dividend (A shares) (tax included) of CNY 1.30000000 per 10 share. The dividend will payable on 19 September 2024 with record date of 18 September 2024 and Ex-date of 19 September 2024.
お知らせ • Sep 07Daoming Optics&Chemical Co.,Ltd Approves 2024 Interim Profit Distribution PlanDaoming Optics&Chemical Co.,Ltd held its 1st Extraordinary General Meeting of 2024 on 05 September 2024, during which the following proposal(s) was/were approved: 2024 interim profit distribution plan of Cash dividend/10 shares (tax included): CNY 1.30000000.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥7.71, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years.
Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.077 (vs CN¥0.069 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.077 (up from CN¥0.069 in 2Q 2023). Revenue: CN¥350.8m (up 6.1% from 2Q 2023). Net income: CN¥48.1m (up 11% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Aug 21Daoming Optics&Chemical Co.,Ltd Announces the Profit Distribution Proposal for the First Half of 2024Daoming Optics&Chemical Co.,Ltd announced on 20 August 2024 the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 1.30000000.
お知らせ • Jun 29Daoming Optics&Chemical Co.,Ltd to Report First Half, 2024 Results on Aug 20, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2024 results on Aug 20, 2024
分析記事 • Jun 18Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥7.01, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years.
分析記事 • May 27Daoming Optics&ChemicalLtd (SZSE:002632) Is Paying Out Less In Dividends Than Last YearDaoming Optics&Chemical Co.,Ltd ( SZSE:002632 ) has announced that on 30th of May, it will be paying a dividend...
Declared Dividend • May 27Dividend reduced to CN¥0.30Dividend of CN¥0.30 is 33% lower than last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. However, EPS has declined by 4.8% over the last 5 years so the company would need to reverse this trend.
お知らせ • May 25Daoming Optics&Chemical Co.,Ltd Implements Final Profit Distribution Plan A Shares for 2023, Payable on 30 May 2024Daoming Optics&Chemical Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.0000000. Record date: 29 May 2024, Ex-date: 30 May 2024, Payment date: 30 May 2024.
New Risk • May 23New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 103% Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 103% Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin).
分析記事 • May 06There May Be Reason For Hope In Daoming Optics&ChemicalLtd's (SZSE:002632) Disappointing EarningsThe market for Daoming Optics&Chemical Co.,Ltd's ( SZSE:002632 ) shares didn't move much after it posted weak earnings...
お知らせ • May 01Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 21, 2024Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 21, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.058 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.058 in 1Q 2023). Revenue: CN¥316.3m (up 6.8% from 1Q 2023). Net income: CN¥45.4m (up 27% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥6.32, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 8.2% over the past three years.
分析記事 • Apr 12Calculating The Fair Value Of Daoming Optics&Chemical Co.,Ltd (SZSE:002632)Key Insights Using the Dividend Discount Model, Daoming Optics&ChemicalLtd fair value estimate is CN¥7.16 Current share...
お知らせ • Mar 30Daoming Optics&Chemical Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024
Buy Or Sell Opportunity • Mar 29Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to CN¥8.66. The fair value is estimated to be CN¥7.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%.
Buy Or Sell Opportunity • Mar 11Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to CN¥9.03. The fair value is estimated to be CN¥7.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥8.21, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years.
分析記事 • Mar 05Daoming Optics&Chemical Co.,Ltd's (SZSE:002632) Shares Climb 37% But Its Business Is Yet to Catch UpDaoming Optics&Chemical Co.,Ltd ( SZSE:002632 ) shares have had a really impressive month, gaining 37% after a shaky...
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥6.40, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 9.7% over the past three years.
Buy Or Sell Opportunity • Feb 05Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to CN¥5.27. The fair value is estimated to be CN¥6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.86, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 8.4% over the past three years.
お知らせ • Dec 30Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥8.59, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.087 (vs CN¥0.081 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.087 (up from CN¥0.081 in 3Q 2022). Revenue: CN¥343.7m (up 1.5% from 3Q 2022). Net income: CN¥54.6m (up 7.1% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Sep 30Daoming Optics&Chemical Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.058 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.058 in 2Q 2022). Revenue: CN¥330.8m (up 8.8% from 2Q 2022). Net income: CN¥43.4m (up 20% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Jul 15Daoming Optics&Chemical Co.,Ltd Announces Management AppointmentsDaoming Optics&Chemical Co.,Ltd announced at the EGM held on July 13, 2023 that the company approved election of Hu Zhixiong, Hu Haoheng and Yang Shuai as non-independent directors; Li Haifeng as independent director and Li Wenbin and Chen Taohua as shareholder supervisors. composition of non-independent directors: Hu Zhibiao, Hu Zhixiong, Hu Feng, Hu Haoheng, Zhang Yadong and Yang Shuai; independent directors: Chen Lianyong, Li Haifeng and Jin Ying.
お知らせ • May 19+ 1 more updateDaoming Optics&Chemical Co.,Ltd Implements Final Profit Distribution Plan A Shares for 2022, Payable on 25 May 2023Daoming Optics&Chemical Co.,Ltd announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 4.50000000. Record date: 24 May 2023, Ex-date: 25 May 2023, Payment date: 25 May 2023.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.044 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.058 (up from CN¥0.044 in 1Q 2022). Revenue: CN¥296.0m (up 2.6% from 1Q 2022). Net income: CN¥35.9m (up 31% from 1Q 2022). Profit margin: 12% (up from 9.5% in 1Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Hu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.072 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.081 (up from CN¥0.072 in 3Q 2021). Revenue: CN¥338.6m (up 6.2% from 3Q 2021). Net income: CN¥50.9m (up 11% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.058 (vs CN¥0.049 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.058 (up from CN¥0.049 in 2Q 2021). Revenue: CN¥304.1m (down 4.7% from 2Q 2021). Net income: CN¥36.2m (up 21% from 2Q 2021). Profit margin: 12% (up from 9.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • May 21Daoming Optics&Chemical Co.,Ltd Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 27, 2022Daoming Optics&Chemical Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares), payable on May 27, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.50000000 with record date May 26, 2022 and ex-dividend date May 27, 2022.
お知らせ • May 19Daoming Optics&Chemical Co.,Ltd Approves Dividend for the Year 2021Daoming Optics&Chemical Co.,Ltd announced at annual general meeting held on 17 May 2022, the shareholders approved cash dividend of CNY 0.50000000 per ten shares (tax included) for the year 2021.
お知らせ • Apr 27Daoming Optics&Chemical Co.,Ltd Proposes Profit Distribution for 2021Daoming Optics&Chemical Co.,Ltd announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 0.50000000.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Hu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥6.68, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 2.5% over the past three years.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.13 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥318.8m (down 8.1% from 3Q 2020). Net income: CN¥46.0m (down 45% from 3Q 2020). Profit margin: 14% (down from 24% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% 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.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.049 (vs CN¥0.08 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥319.0m (flat on 2Q 2020). Net income: CN¥29.9m (down 38% from 2Q 2020). Profit margin: 9.4% (down from 15% in 2Q 2020). 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 1% per year.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥8.20, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 11% over the past three years.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.07 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥301.1m (up 19% from 1Q 2020). Net income: CN¥50.4m (up 16% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 26Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.32 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.27b (down 9.0% from FY 2019). Net income: CN¥169.2m (down 15% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Feb 24Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2020 Results on Mar 26, 2021Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2020 results on Mar 26, 2021
Is New 90 Day High Low • Jan 29New 90-day low: CN¥6.22The company is down 14% from its price of CN¥7.25 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 Chemicals industry, which is up 22% over the same period.
Is New 90 Day High Low • Jan 12New 90-day low: CN¥6.91The company is down 9.0% from its price of CN¥7.61 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Dec 11New 90-day low: CN¥7.11The company is down 16% from its price of CN¥8.43 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period.
Analyst Estimate Surprise Post Earnings • Oct 26Third-quarter earnings released: Earnings beat expectations, revenue disappointsThird-quarter revenue missed analyst estimates by 15% at CN¥347.0m. Earnings per share (EPS) exceeded analyst estimates by 8.3% at CN¥0.13. Revenue is forecast to grow 25% over the next year, compared to a 42% growth forecast for the Chemicals industry in China.
Reported Earnings • Oct 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥185.1m, down 18% from the prior year. Total revenue was CN¥1.34b over the last 12 months, up 3.1% from the prior year.
お知らせ • Oct 19Daoming Optics&Chemical Co.,Ltd to Report Q3, 2020 Results on Oct 26, 2020Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2020 results on Oct 26, 2020
Is New 90 Day High Low • Oct 14New 90-day low: CN¥7.61The company is down 16% from its price of CN¥9.09 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals 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¥1.80 per share.
お知らせ • Sep 30Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd.Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd. from Daoming Optics&Chemical Co.,Ltd (SZSE:002632), Jiang Xumu, Li Shenghua and Yang Rongcheng for CNY 30 million on September 25, 2020. Daoming Optics&Chemical Co.,Ltd will transfer 2.78% stake for CNY 5 million and post completion will own 2.27% stake in MDTP. As of Dec 31, 2019 MDTP has total assets of CNY 67.1 million, net assets of CNY 52.7 million, revenue of CNY 16.6 million and net loss of CNY 1.1 million. On September 25, 2020, the 2nd session of Daoming Optics&Chemical Co.,Ltd 9th directorate for 2020 approved the transaction.
Upcoming Dividend • Sep 21Upcoming Dividend of CN¥0.13 Per ShareWill be paid on the 28th of September to those who are registered shareholders by that date. The trailing yield of 1.6% is below the top quartile of Chinese dividend payers (1.6%), but is in line with industry peers (1.5%).
お知らせ • Aug 04Daoming Optics&Chemical Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020
