View Past PerformanceDHC SoftwareLtd バランスシートの健全性財務の健全性 基準チェック /56DHC SoftwareLtdの総株主資本はCN¥12.8B 、総負債はCN¥6.1Bで、負債比率は47.4%となります。総資産と総負債はそれぞれCN¥24.0BとCN¥11.1Bです。 DHC SoftwareLtdの EBIT はCN¥531.1Mで、利息カバレッジ比率3.5です。現金および短期投資はCN¥1.8Bです。主要情報47.39%負債資本比率CN¥6.09b負債インタレスト・カバレッジ・レシオ3.5x現金CN¥1.81bエクイティCN¥12.84b負債合計CN¥11.14b総資産CN¥23.98b財務の健全性に関する最新情報分析記事 • Jan 09DHC SoftwareLtd (SZSE:002065) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Aug 23Here's Why DHC SoftwareLtd (SZSE:002065) Has A Meaningful Debt BurdenWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...すべての更新を表示Recent updatesReported Earnings • Apr 10Full year 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in FY 2024)Full year 2025 results: EPS: CN¥0.15 (down from CN¥0.16 in FY 2024). Revenue: CN¥12.9b (down 3.0% from FY 2024). Net income: CN¥477.3m (down 4.5% from FY 2024). Profit margin: 3.7% (down from 3.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.お知らせ • Apr 10DHC Software Co.,Ltd., Annual General Meeting, May 11, 2026DHC Software Co.,Ltd., Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: 16F, DHC Hechuang Building, Building 3, Zijin Digital Park, Zhichun Road, Haidian District, Beijing Chinaお知らせ • Mar 31DHC Software Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026DHC Software Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 31DHC Software Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026DHC Software Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026New Risk • Oct 29New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.4% per year over the past 5 years. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.062 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.033 (down from CN¥0.062 in 3Q 2024). Revenue: CN¥2.87b (up 16% from 3Q 2024). Net income: CN¥106.7m (down 47% from 3Q 2024). Profit margin: 3.7% (down from 8.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30DHC Software Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025DHC Software Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025New Risk • Sep 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥11.33, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 97x in the IT industry in China. Total returns to shareholders of 118% over the past three years.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥11.67, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 96x in the IT industry in China. Total returns to shareholders of 104% over the past three years.Declared Dividend • Jul 07Dividend of CN¥0.05 announcedDividend of CN¥0.05 is the same as last year. Ex-date: 11th July 2025 Payment date: 11th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years.お知らせ • Jul 02DHC Software Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025DHC Software Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025Board Change • May 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Yushun Fan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 15High number of new directorsIndependent Director Yushun Fan was the last director to join the board, commencing their role in 2024.お知らせ • Apr 12DHC Software Co.,Ltd. Proposes Final Dividend for 2024DHC Software Co.,Ltd. announced on 11 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000.Reported Earnings • Apr 11Full year 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in FY 2023)Full year 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2023). Revenue: CN¥13.3b (up 16% from FY 2023). Net income: CN¥499.7m (up 14% from FY 2023). Profit margin: 3.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.お知らせ • Apr 11DHC Software Co.,Ltd., Annual General Meeting, May 12, 2025DHC Software Co.,Ltd., Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: 16F, DHC Hechuang Building, Building 3, Zijin Digital Park, Zhichun Road, Haidian District, Beijing ChinaValuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.68, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 74x in the IT industry in China. Total returns to shareholders of 30% over the past three years.New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.お知らせ • Mar 31DHC Software Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025DHC Software Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025分析記事 • Mar 16Returns On Capital At DHC SoftwareLtd (SZSE:002065) Paint A Concerning PictureFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Feb 20New 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results.分析記事 • Feb 08What DHC Software Co.,Ltd.'s (SZSE:002065) 27% Share Price Gain Is Not Telling YouDHC Software Co.,Ltd. ( SZSE:002065 ) shareholders would be excited to see that the share price has had a great month...Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 69.4x. Average trailing P/E is 82x in the IT industry in China. Total returns to shareholders of 5.3% over the past three years.分析記事 • Jan 09DHC SoftwareLtd (SZSE:002065) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Dec 31DHC Software Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025DHC Software Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025分析記事 • Dec 04The Returns On Capital At DHC SoftwareLtd (SZSE:002065) Don't Inspire ConfidenceThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...分析記事 • Nov 15DHC Software Co.,Ltd. (SZSE:002065) Stock Rockets 42% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, DHC Software Co.,Ltd. ( SZSE:002065 ) shares have been powering on, with a gain of 42...Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥8.57, the stock trades at a trailing P/E ratio of 70.4x. Average trailing P/E is 80x in the IT industry in China. Total returns to shareholders of 23% over the past three years.分析記事 • Nov 04DHC SoftwareLtd's (SZSE:002065) Conservative Accounting Might Explain Soft EarningsThe market was pleased with the recent earnings report from DHC Software Co.,Ltd. ( SZSE:002065 ), despite the profit...Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.03 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.062 (up from CN¥0.03 in 3Q 2023). Revenue: CN¥2.46b (up 6.8% from 3Q 2023). Net income: CN¥200.5m (up 107% from 3Q 2023). Profit margin: 8.1% (up from 4.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.分析記事 • Oct 01Subdued Growth No Barrier To DHC Software Co.,Ltd. (SZSE:002065) With Shares Advancing 26%DHC Software Co.,Ltd. ( SZSE:002065 ) shareholders have had their patience rewarded with a 26% share price jump in the...お知らせ • Sep 30DHC Software Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024DHC Software Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 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¥5.72, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 59x in the IT industry in China. Total loss to shareholders of 23% over the past three years.Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.095 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.095 in 2Q 2023). Revenue: CN¥2.51b (up 7.7% from 2Q 2023). Net income: CN¥218.7m (down 28% from 2Q 2023). Profit margin: 8.7% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.分析記事 • Aug 23Here's Why DHC SoftwareLtd (SZSE:002065) Has A Meaningful Debt BurdenWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Jul 23DHC Software Co.,Ltd.'s (SZSE:002065) Shareholders Might Be Looking For ExitWith a price-to-earnings (or "P/E") ratio of 39.3x DHC Software Co.,Ltd. ( SZSE:002065 ) may be sending bearish signals...分析記事 • Jul 05DHC SoftwareLtd (SZSE:002065) Has Announced A Dividend Of CN¥0.05The board of DHC Software Co.,Ltd. ( SZSE:002065 ) has announced that it will pay a dividend on the 9th of July, with...Declared Dividend • Jul 05Dividend of CN¥0.05 announcedDividend of CN¥0.05 is the same as last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (43% 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 remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years.お知らせ • Jul 03Dhc Software Co.,Ltd. Announces Cash Dividend on Share A for the Year 2023, Payable on July 9, 2024DHC Software Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY 0.50000000 on share A for the year 2023. Record date: 08 July 2024, Ex-date: 09 July 2024, Payment date: 09 July 2024.お知らせ • Jun 29DHC Software Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024DHC Software Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024お知らせ • Jun 15Guangzhou Baiyun Financial Holding Group Co., Ltd. signed a letter of intent to acquire 24.03% stake in DH Bitech-IoT Co., Ltd. from a group of shareholders.Guangzhou Baiyun Financial Holding Group Co., Ltd. signed a letter of intent to acquire 24.03% stake in DH Bitech-IoT Co., Ltd. from a group of shareholders on June 13, 2024. As of March 31, 2024, DH Bitech-IoT Co., Ltd. generated total assets of CNY 445.4 million and net assets of CNY 264.2 million.分析記事 • May 25DHC SoftwareLtd (SZSE:002065) Will Be Hoping To Turn Its Returns On Capital AroundWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Apr 30DHC SoftwareLtd's (SZSE:002065) Shareholders Have More To Worry About Than Only Soft EarningsA lackluster earnings announcement from DHC Software Co.,Ltd. ( SZSE:002065 ) last week didn't sink the stock price. We...お知らせ • Apr 13+ 1 more updateDHC Software Co.,Ltd., Annual General Meeting, May 10, 2024DHC Software Co.,Ltd., Annual General Meeting, May 10, 2024, at 15:00 China Standard Time. Location: 16F, Building 3, Zijin Digital Park, Zhichun Road, Haidian District, Beijing China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Remuneration plan for directors, supervisors and senior management; and to consider Reappointment of audit firm.Reported Earnings • Apr 12Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in FY 2022)Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.13 in FY 2022). Revenue: CN¥11.5b (down 2.6% from FY 2022). Net income: CN¥438.4m (up 9.4% from FY 2022). Profit margin: 3.8% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year.お知らせ • Mar 30DHC Software Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024DHC Software Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024分析記事 • Mar 04What DHC Software Co.,Ltd.'s (SZSE:002065) 26% Share Price Gain Is Not Telling YouDHC Software Co.,Ltd. ( SZSE:002065 ) shareholders are no doubt pleased to see that the share price has bounced 26% in...Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥4.34, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 44x in the IT industry in China. Total loss to shareholders of 37% over the past three years.お知らせ • Dec 30DHC Software Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024DHC Software Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024New Risk • Nov 24New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.029 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.029 in 3Q 2022). Revenue: CN¥2.31b (down 16% from 3Q 2022). Net income: CN¥97.1m (up 5.3% from 3Q 2022). Profit margin: 4.2% (up from 3.4% in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year.Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.095 (vs CN¥0.085 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.095 (up from CN¥0.085 in 2Q 2022). Revenue: CN¥2.33b (up 1.6% from 2Q 2022). Net income: CN¥303.2m (up 11% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year.お知らせ • Jul 01DHC Software Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 07 July 2023DHC Software Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2022, payable on 07 July 2023. Record date is 06 July 2023. Ex-date is 07 July 2023.Reported Earnings • Apr 12Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in FY 2021)Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.14 in FY 2021). Revenue: CN¥11.8b (up 8.7% from FY 2021). Net income: CN¥400.9m (down 13% from FY 2021). Profit margin: 3.4% (down from 4.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.Board Change • Mar 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. Independent Director Yipeng Wang was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Nov 16Price target decreased to CN¥3.50Down from CN¥8.00, the current price target is provided by 1 analyst. New target price is 43% below last closing price of CN¥6.15. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.14 for next year compared to CN¥0.14 last year.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.073 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.029 (down from CN¥0.073 in 3Q 2021). Revenue: CN¥2.74b (up 21% from 3Q 2021). Net income: CN¥92.2m (down 59% from 3Q 2021). Profit margin: 3.4% (down from 10% in 3Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.085 (vs CN¥0.11 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.085 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥2.30b (down 7.7% from 2Q 2021). Net income: CN¥272.3m (down 20% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 11Upcoming dividend of CN¥0.05 per shareEligible shareholders must have bought the stock before 18 July 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 89%. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (2.0%). In line with average of industry peers (0.7%).お知らせ • Jul 09DHC Software Co.,Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 18 July 2022DHC Software Co.,Ltd. announced final cash dividend of CNY 0.50000000 per 10 shares on A shares for 2021. Record date: 15 July 2022, Ex-date: 18 July 2022 and Payment date: 18 July 2022.Major Estimate Revision • Jun 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥12.2b to CN¥12.3b. EPS estimate fell from CN¥0.26 to CN¥0.14 per share. Net income forecast to grow 4.4% next year vs 42% growth forecast for IT industry in China. Consensus price target down from CN¥8.00 to CN¥3.50. Share price rose 2.4% to CN¥6.05 over the past week.お知らせ • May 21Dhc Software Co.,Ltd. Approves Cash DividendDHC Software Co.,Ltd. held its Annual General Meeting of 2021 on 19 May 2022, during which it approved: Cash dividend/10 shares (tax included): CNY 0.50000000.Reported Earnings • May 02First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.037 (up from CN¥0.036 in 1Q 2021). Revenue: CN¥2.29b (up 13% from 1Q 2021). Net income: CN¥119.1m (up 5.3% from 1Q 2021). Profit margin: 5.2% (down from 5.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.お知らせ • May 02DHC Software Co.,Ltd. Proposes Final Cash Dividend for the Year 2021DHC Software Co.,Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2021.Price Target Changed • Apr 27Price target decreased to CN¥8.00Down from CN¥14.75, the current price target is provided by 1 analyst. New target price is 40% above last closing price of CN¥5.70. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.18 last year.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.24, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 17% over the past three years.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.069 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.26b (up 17% from 3Q 2020). Net income: CN¥227.4m (up 6.3% from 3Q 2020). Profit margin: 10% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% 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.Board Change • Sep 22Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Director Erkui Liu was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.078 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.49b (up 30% from 2Q 2020). Net income: CN¥340.2m (up 40% from 2Q 2020). Profit margin: 14% (up from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year.お知らせ • May 21DHC Software Co., Ltd. Approves Cash Dividend for 2020DHC Software Co., Ltd. announced that its Annual General Meeting held on 19 May 2021, approved tax included cash dividend of CNY 0.50 per 10 shares for 2020.お知らせ • Apr 30DHC Software Co., Ltd. Proposes Final Dividend for the Year 2020DHC Software Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2020.Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.051 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥2.03b (up 18% from 1Q 2020). Net income: CN¥113.1m (down 29% from 1Q 2020). Profit margin: 5.6% (down from 9.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 10Price target decreased to CN¥10.50Down from CN¥14.75, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥7.46. Stock is down 40% over the past year.Is New 90 Day High Low • Dec 11New 90-day low: CN¥8.80The company is down 19% from its price of CN¥10.88 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 IT industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.19 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥445.4m, down 51% from the prior year. Total revenue was CN¥8.68b over the last 12 months, down 5.5% from the prior year.Price Target Changed • Oct 28Price target lowered to CN¥14.75Down from CN¥17.42, the current price target is an average from 3 analysts. The new target price is 55% above the current share price of CN¥9.53. As of last close, the stock is up 29% over the past year.Is New 90 Day High Low • Oct 27New 90-day low: CN¥9.99The company is down 19% from its price of CN¥12.35 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.15 per share.お知らせ • Oct 20DHC Software Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020DHC Software Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020お知らせ • Aug 11DHC Software Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020DHC Software Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020財務状況分析短期負債: 002065の 短期資産 ( CN¥20.1B ) が 短期負債 ( CN¥11.0B ) を超えています。長期負債: 002065の短期資産 ( CN¥20.1B ) が 長期負債 ( CN¥171.7M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 002065の 純負債対資本比率 ( 33.3% ) は 満足できる 水準であると考えられます。負債の削減: 002065の負債対資本比率は、過去 5 年間で26.1%から47.4%に増加しました。債務返済能力: 002065の負債は 営業キャッシュフロー によって 十分にカバー されています ( 59.2% )。インタレストカバレッジ: 002065の負債に対する 利息支払い は EBIT ( 3.5 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend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2026/06/09 05:47終値2026/06/09 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DHC Software 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。8 アナリスト機関Jian CuiBohai Securities Co., Ltd.Kai QianChina International Capital Corporation LimitedYou You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)5 その他のアナリストを表示
分析記事 • Jan 09DHC SoftwareLtd (SZSE:002065) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Aug 23Here's Why DHC SoftwareLtd (SZSE:002065) Has A Meaningful Debt BurdenWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Apr 10Full year 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in FY 2024)Full year 2025 results: EPS: CN¥0.15 (down from CN¥0.16 in FY 2024). Revenue: CN¥12.9b (down 3.0% from FY 2024). Net income: CN¥477.3m (down 4.5% from FY 2024). Profit margin: 3.7% (down from 3.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Apr 10DHC Software Co.,Ltd., Annual General Meeting, May 11, 2026DHC Software Co.,Ltd., Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: 16F, DHC Hechuang Building, Building 3, Zijin Digital Park, Zhichun Road, Haidian District, Beijing China
お知らせ • Mar 31DHC Software Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026DHC Software Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 31DHC Software Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026DHC Software Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026
New Risk • Oct 29New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.4% per year over the past 5 years. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.062 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.033 (down from CN¥0.062 in 3Q 2024). Revenue: CN¥2.87b (up 16% from 3Q 2024). Net income: CN¥106.7m (down 47% from 3Q 2024). Profit margin: 3.7% (down from 8.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30DHC Software Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025DHC Software Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
New Risk • Sep 23New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥11.33, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 97x in the IT industry in China. Total returns to shareholders of 118% over the past three years.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥11.67, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 96x in the IT industry in China. Total returns to shareholders of 104% over the past three years.
Declared Dividend • Jul 07Dividend of CN¥0.05 announcedDividend of CN¥0.05 is the same as last year. Ex-date: 11th July 2025 Payment date: 11th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years.
お知らせ • Jul 02DHC Software Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025DHC Software Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
Board Change • May 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Yushun Fan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 15High number of new directorsIndependent Director Yushun Fan was the last director to join the board, commencing their role in 2024.
お知らせ • Apr 12DHC Software Co.,Ltd. Proposes Final Dividend for 2024DHC Software Co.,Ltd. announced on 11 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000.
Reported Earnings • Apr 11Full year 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in FY 2023)Full year 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2023). Revenue: CN¥13.3b (up 16% from FY 2023). Net income: CN¥499.7m (up 14% from FY 2023). Profit margin: 3.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
お知らせ • Apr 11DHC Software Co.,Ltd., Annual General Meeting, May 12, 2025DHC Software Co.,Ltd., Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: 16F, DHC Hechuang Building, Building 3, Zijin Digital Park, Zhichun Road, Haidian District, Beijing China
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.68, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 74x in the IT industry in China. Total returns to shareholders of 30% over the past three years.
New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
お知らせ • Mar 31DHC Software Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025DHC Software Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
分析記事 • Mar 16Returns On Capital At DHC SoftwareLtd (SZSE:002065) Paint A Concerning PictureFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Feb 20New 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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results.
分析記事 • Feb 08What DHC Software Co.,Ltd.'s (SZSE:002065) 27% Share Price Gain Is Not Telling YouDHC Software Co.,Ltd. ( SZSE:002065 ) shareholders would be excited to see that the share price has had a great month...
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 69.4x. Average trailing P/E is 82x in the IT industry in China. Total returns to shareholders of 5.3% over the past three years.
分析記事 • Jan 09DHC SoftwareLtd (SZSE:002065) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Dec 31DHC Software Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025DHC Software Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025
分析記事 • Dec 04The Returns On Capital At DHC SoftwareLtd (SZSE:002065) Don't Inspire ConfidenceThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
分析記事 • Nov 15DHC Software Co.,Ltd. (SZSE:002065) Stock Rockets 42% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, DHC Software Co.,Ltd. ( SZSE:002065 ) shares have been powering on, with a gain of 42...
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥8.57, the stock trades at a trailing P/E ratio of 70.4x. Average trailing P/E is 80x in the IT industry in China. Total returns to shareholders of 23% over the past three years.
分析記事 • Nov 04DHC SoftwareLtd's (SZSE:002065) Conservative Accounting Might Explain Soft EarningsThe market was pleased with the recent earnings report from DHC Software Co.,Ltd. ( SZSE:002065 ), despite the profit...
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.03 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.062 (up from CN¥0.03 in 3Q 2023). Revenue: CN¥2.46b (up 6.8% from 3Q 2023). Net income: CN¥200.5m (up 107% from 3Q 2023). Profit margin: 8.1% (up from 4.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
分析記事 • Oct 01Subdued Growth No Barrier To DHC Software Co.,Ltd. (SZSE:002065) With Shares Advancing 26%DHC Software Co.,Ltd. ( SZSE:002065 ) shareholders have had their patience rewarded with a 26% share price jump in the...
お知らせ • Sep 30DHC Software Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024DHC Software Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 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¥5.72, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 59x in the IT industry in China. Total loss to shareholders of 23% over the past three years.
Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.095 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.095 in 2Q 2023). Revenue: CN¥2.51b (up 7.7% from 2Q 2023). Net income: CN¥218.7m (down 28% from 2Q 2023). Profit margin: 8.7% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.
分析記事 • Aug 23Here's Why DHC SoftwareLtd (SZSE:002065) Has A Meaningful Debt BurdenWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Jul 23DHC Software Co.,Ltd.'s (SZSE:002065) Shareholders Might Be Looking For ExitWith a price-to-earnings (or "P/E") ratio of 39.3x DHC Software Co.,Ltd. ( SZSE:002065 ) may be sending bearish signals...
分析記事 • Jul 05DHC SoftwareLtd (SZSE:002065) Has Announced A Dividend Of CN¥0.05The board of DHC Software Co.,Ltd. ( SZSE:002065 ) has announced that it will pay a dividend on the 9th of July, with...
Declared Dividend • Jul 05Dividend of CN¥0.05 announcedDividend of CN¥0.05 is the same as last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (43% 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 remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years.
お知らせ • Jul 03Dhc Software Co.,Ltd. Announces Cash Dividend on Share A for the Year 2023, Payable on July 9, 2024DHC Software Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY 0.50000000 on share A for the year 2023. Record date: 08 July 2024, Ex-date: 09 July 2024, Payment date: 09 July 2024.
お知らせ • Jun 29DHC Software Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024DHC Software Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024
お知らせ • Jun 15Guangzhou Baiyun Financial Holding Group Co., Ltd. signed a letter of intent to acquire 24.03% stake in DH Bitech-IoT Co., Ltd. from a group of shareholders.Guangzhou Baiyun Financial Holding Group Co., Ltd. signed a letter of intent to acquire 24.03% stake in DH Bitech-IoT Co., Ltd. from a group of shareholders on June 13, 2024. As of March 31, 2024, DH Bitech-IoT Co., Ltd. generated total assets of CNY 445.4 million and net assets of CNY 264.2 million.
分析記事 • May 25DHC SoftwareLtd (SZSE:002065) Will Be Hoping To Turn Its Returns On Capital AroundWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Apr 30DHC SoftwareLtd's (SZSE:002065) Shareholders Have More To Worry About Than Only Soft EarningsA lackluster earnings announcement from DHC Software Co.,Ltd. ( SZSE:002065 ) last week didn't sink the stock price. We...
お知らせ • Apr 13+ 1 more updateDHC Software Co.,Ltd., Annual General Meeting, May 10, 2024DHC Software Co.,Ltd., Annual General Meeting, May 10, 2024, at 15:00 China Standard Time. Location: 16F, Building 3, Zijin Digital Park, Zhichun Road, Haidian District, Beijing China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Remuneration plan for directors, supervisors and senior management; and to consider Reappointment of audit firm.
Reported Earnings • Apr 12Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in FY 2022)Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.13 in FY 2022). Revenue: CN¥11.5b (down 2.6% from FY 2022). Net income: CN¥438.4m (up 9.4% from FY 2022). Profit margin: 3.8% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year.
お知らせ • Mar 30DHC Software Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024DHC Software Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024
分析記事 • Mar 04What DHC Software Co.,Ltd.'s (SZSE:002065) 26% Share Price Gain Is Not Telling YouDHC Software Co.,Ltd. ( SZSE:002065 ) shareholders are no doubt pleased to see that the share price has bounced 26% in...
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥4.34, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 44x in the IT industry in China. Total loss to shareholders of 37% over the past three years.
お知らせ • Dec 30DHC Software Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024DHC Software Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024
New Risk • Nov 24New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.029 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.029 in 3Q 2022). Revenue: CN¥2.31b (down 16% from 3Q 2022). Net income: CN¥97.1m (up 5.3% from 3Q 2022). Profit margin: 4.2% (up from 3.4% in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year.
Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.095 (vs CN¥0.085 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.095 (up from CN¥0.085 in 2Q 2022). Revenue: CN¥2.33b (up 1.6% from 2Q 2022). Net income: CN¥303.2m (up 11% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year.
お知らせ • Jul 01DHC Software Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 07 July 2023DHC Software Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2022, payable on 07 July 2023. Record date is 06 July 2023. Ex-date is 07 July 2023.
Reported Earnings • Apr 12Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in FY 2021)Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.14 in FY 2021). Revenue: CN¥11.8b (up 8.7% from FY 2021). Net income: CN¥400.9m (down 13% from FY 2021). Profit margin: 3.4% (down from 4.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year.
Board Change • Mar 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. Independent Director Yipeng Wang was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Nov 16Price target decreased to CN¥3.50Down from CN¥8.00, the current price target is provided by 1 analyst. New target price is 43% below last closing price of CN¥6.15. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.14 for next year compared to CN¥0.14 last year.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.073 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.029 (down from CN¥0.073 in 3Q 2021). Revenue: CN¥2.74b (up 21% from 3Q 2021). Net income: CN¥92.2m (down 59% from 3Q 2021). Profit margin: 3.4% (down from 10% in 3Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.085 (vs CN¥0.11 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.085 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥2.30b (down 7.7% from 2Q 2021). Net income: CN¥272.3m (down 20% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 11Upcoming dividend of CN¥0.05 per shareEligible shareholders must have bought the stock before 18 July 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 89%. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (2.0%). In line with average of industry peers (0.7%).
お知らせ • Jul 09DHC Software Co.,Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 18 July 2022DHC Software Co.,Ltd. announced final cash dividend of CNY 0.50000000 per 10 shares on A shares for 2021. Record date: 15 July 2022, Ex-date: 18 July 2022 and Payment date: 18 July 2022.
Major Estimate Revision • Jun 03Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥12.2b to CN¥12.3b. EPS estimate fell from CN¥0.26 to CN¥0.14 per share. Net income forecast to grow 4.4% next year vs 42% growth forecast for IT industry in China. Consensus price target down from CN¥8.00 to CN¥3.50. Share price rose 2.4% to CN¥6.05 over the past week.
お知らせ • May 21Dhc Software Co.,Ltd. Approves Cash DividendDHC Software Co.,Ltd. held its Annual General Meeting of 2021 on 19 May 2022, during which it approved: Cash dividend/10 shares (tax included): CNY 0.50000000.
Reported Earnings • May 02First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.037 (up from CN¥0.036 in 1Q 2021). Revenue: CN¥2.29b (up 13% from 1Q 2021). Net income: CN¥119.1m (up 5.3% from 1Q 2021). Profit margin: 5.2% (down from 5.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
お知らせ • May 02DHC Software Co.,Ltd. Proposes Final Cash Dividend for the Year 2021DHC Software Co.,Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2021.
Price Target Changed • Apr 27Price target decreased to CN¥8.00Down from CN¥14.75, the current price target is provided by 1 analyst. New target price is 40% above last closing price of CN¥5.70. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.18 last year.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.24, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 17% over the past three years.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.069 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.26b (up 17% from 3Q 2020). Net income: CN¥227.4m (up 6.3% from 3Q 2020). Profit margin: 10% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% 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.
Board Change • Sep 22Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Independent Director Erkui Liu was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.078 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.49b (up 30% from 2Q 2020). Net income: CN¥340.2m (up 40% from 2Q 2020). Profit margin: 14% (up from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year.
お知らせ • May 21DHC Software Co., Ltd. Approves Cash Dividend for 2020DHC Software Co., Ltd. announced that its Annual General Meeting held on 19 May 2021, approved tax included cash dividend of CNY 0.50 per 10 shares for 2020.
お知らせ • Apr 30DHC Software Co., Ltd. Proposes Final Dividend for the Year 2020DHC Software Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2020.
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.051 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥2.03b (up 18% from 1Q 2020). Net income: CN¥113.1m (down 29% from 1Q 2020). Profit margin: 5.6% (down from 9.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 10Price target decreased to CN¥10.50Down from CN¥14.75, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥7.46. Stock is down 40% over the past year.
Is New 90 Day High Low • Dec 11New 90-day low: CN¥8.80The company is down 19% from its price of CN¥10.88 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 IT industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.19 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥445.4m, down 51% from the prior year. Total revenue was CN¥8.68b over the last 12 months, down 5.5% from the prior year.
Price Target Changed • Oct 28Price target lowered to CN¥14.75Down from CN¥17.42, the current price target is an average from 3 analysts. The new target price is 55% above the current share price of CN¥9.53. As of last close, the stock is up 29% over the past year.
Is New 90 Day High Low • Oct 27New 90-day low: CN¥9.99The company is down 19% from its price of CN¥12.35 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.15 per share.
お知らせ • Oct 20DHC Software Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020DHC Software Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020
お知らせ • Aug 11DHC Software Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020DHC Software Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020