View ValuationDawning Information Industry 将来の成長Future 基準チェック /26Dawning Information Industry利益と収益がそれぞれ年間23.9%と13.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に13.6% 23.8%なると予測されています。主要情報23.9%収益成長率23.83%EPS成長率Tech 収益成長16.1%収益成長率13.9%将来の株主資本利益率13.58%アナリストカバレッジLow最終更新日05 May 2026今後の成長に関する最新情報Price Target Changed • Mar 09Price target increased by 11% to CN¥86.30Up from CN¥77.70, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥84.19. The company is forecast to post earnings per share of CN¥2.04 for next year compared to CN¥1.45 last year.Price Target Changed • Nov 15Price target increased by 63% to CN¥77.70Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 23% below last closing price of CN¥101. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥1.31 last year.Price Target Changed • Jun 10Price target increased by 12% to CN¥53.40Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 22% below last closing price of CN¥68.09. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.31 last year.Price Target Changed • Mar 06Price target increased by 19% to CN¥53.20Up from CN¥44.78, the current price target is an average from 5 analysts. New target price is 28% below last closing price of CN¥73.49. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥1.31 last year.Price Target Changed • Apr 20Price target increased by 8.2% to CN¥48.03Up from CN¥44.41, the current price target is an average from 4 analysts. New target price is 7.5% above last closing price of CN¥44.67. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.26 last year.Price Target Changed • Aug 03Price target increased by 27% to CN¥36.10Up from CN¥28.53, the current price target is an average from 3 analysts. New target price is 20% below last closing price of CN¥45.26. Stock is up 49% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥1.06 last year.すべての更新を表示Recent updatesNew Risk • Apr 19New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 166% Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Apr 15Dawning Information Industry Co., Ltd., Annual General Meeting, May 06, 2026Dawning Information Industry Co., Ltd., Annual General Meeting, May 06, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Tianjin ChinaReported Earnings • Apr 08First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.15 (up from CN¥0.13 in 1Q 2025). Revenue: CN¥3.07b (up 19% from 1Q 2025). Net income: CN¥225.4m (up 21% from 1Q 2025). Profit margin: 7.3% (up from 7.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 30Dawning Information Industry Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026Dawning Information Industry Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026Price Target Changed • Mar 09Price target increased by 11% to CN¥86.30Up from CN¥77.70, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥84.19. The company is forecast to post earnings per share of CN¥2.04 for next year compared to CN¥1.45 last year.お知らせ • Dec 26Dawning Information Industry Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Dawning Information Industry Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026お知らせ • Dec 11Hygon Information Technology Co., Ltd. (SHSE:688041) cancelled the acquisition of Dawning Information Industry Co., Ltd. (SHSE:603019).Hygon Information Technology Co., Ltd. (SHSE:688041) signed a letter of intent to acquire Dawning Information Industry Co., Ltd. (SHSE:603019) for approximately CNY 110 billion on May 25, 2025. The consideration consists of issuing A shares to all A share shareholders of the Company in exchange for shares, while also issuing A shares to raise supporting funds. The A shares of Dawning Information Industry Co., Ltd. will be suspended from trading starting from the opening of the market on May 26, 2025. Under the terms, Each one of Dawning's shares will be converted into 0.55 shares of Hygon at a price of CNY79.26 (USD11.03) and CNY143.46 (USD19.96), respectively. Once the merger is completed, Dawning will be delisted. Transaction has been approved by Hygon Information Technology's board of directors. Transaction has been approved by Dawning Information Industry's board of directors. This transaction has been approved by the Institute of Computing Technology of the Chinese Academy of Sciences. The supporting funds raised for this transaction are intended to be used, after deducting intermediary fees, for paying taxes and fees related to this acquisition, merger and integration costs such as personnel placement expenses, supplementing working capital, repaying debts, and investing in project construction. The transaction still requires the completion of necessary internal decision-making procedures and approval from the competent regulatory authorities before it can be formally implemented, and there remains uncertainty regarding its implementation. The transaction plan must be reviewed and approved by the shareholders' meetings of the Company and Dawning Information Industry Co., Ltd. Hygon Information Technology Co., Ltd. (SHSE:688041) cancelled the acquisition of Dawning Information Industry Co., Ltd. (SHSE:603019) on December 9, 2025. Dawning Information Industry Co., Ltd held the 26th Meeting of the 5th Directorate, and approved terminating Hygon Information Technology Co., Ltd.’s share exchange and absorption-type merger of the Company.Price Target Changed • Nov 15Price target increased by 63% to CN¥77.70Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 23% below last closing price of CN¥101. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥1.31 last year.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.97b (up 28% from 3Q 2024). Net income: CN¥237.5m (up 15% from 3Q 2024). Profit margin: 8.0% (down from 8.9% in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Oct 14New 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 9.3% 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 Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Large one-off items impacting financial results.お知らせ • Sep 30Dawning Information Industry Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Dawning Information Industry Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 12New 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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥92.09, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 36x in the Tech industry in China. Total returns to shareholders of 283% over the past three years.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥91.11, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 41x in the Tech industry in China. Total returns to shareholders of 253% over the past three years.Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.29 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.37 (up from CN¥0.29 in 2Q 2024). Revenue: CN¥3.27b (up 1.1% from 2Q 2024). Net income: CN¥545.0m (up 30% from 2Q 2024). Profit margin: 17% (up from 13% in 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jun 30Dawning Information Industry Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Dawning Information Industry Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • Jun 24Dawning Information Industry Co., Ltd.(SHSE:603019) dropped from Shanghai Stock Exchange 180 Value IndexDawning Information Industry Co., Ltd. has been removed from Shanghai Stock Exchange 180 Value Index .Price Target Changed • Jun 10Price target increased by 12% to CN¥53.40Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 22% below last closing price of CN¥68.09. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.31 last year.お知らせ • May 26Hygon Information Technology Co., Ltd. (SHSE:688041) signed a letter of intent to acquire Dawning Information Industry Co., Ltd. (SHSE:603019).Hygon Information Technology Co., Ltd. (SHSE:688041) signed a letter of intent to acquire Dawning Information Industry Co., Ltd. (SHSE:603019) on May 25, 2025. The consideration consists of issuing A shares to all A share shareholders of the Company in exchange for shares, while also issuing A shares to raise supporting funds. The A shares of Dawning Information Industry Co., Ltd. will be suspended from trading starting from the opening of the market on May 26, 2025. The transaction still requires the completion of necessary internal decision-making procedures and approval from the competent regulatory authorities before it can be formally implemented, and there remains uncertainty regarding its implementation.Reported Earnings • Apr 09First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.098 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.098 in 1Q 2024). Revenue: CN¥2.59b (up 4.3% from 1Q 2024). Net income: CN¥184.7m (up 30% from 1Q 2024). Profit margin: 7.1% (up from 5.8% in 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 28Dawning Information Industry Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Dawning Information Industry Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025New Risk • Mar 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 74% 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. This is currently the only risk that has been identified for the company.Price Target Changed • Mar 06Price target increased by 19% to CN¥53.20Up from CN¥44.78, the current price target is an average from 5 analysts. New target price is 28% below last closing price of CN¥73.49. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥1.31 last year.お知らせ • Mar 05Dawning Information Industry Co., Ltd., Annual General Meeting, Mar 31, 2025Dawning Information Industry Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:00 China Standard Time. Location: Building 36, Zhongguancun Software Park, Haidian District, Beijing ChinaReported Earnings • Feb 27Full year 2024 earnings released: EPS: CN¥1.31 (vs CN¥1.26 in FY 2023)Full year 2024 results: EPS: CN¥1.31 (up from CN¥1.26 in FY 2023). Revenue: CN¥13.2b (down 8.3% from FY 2023). Net income: CN¥1.91b (up 4.3% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jan 10New 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 9.2% 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 Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results.お知らせ • Dec 27Dawning Information Industry Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025Dawning Information Industry Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥66.50, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Tech industry in China. Total returns to shareholders of 137% over the past three years.Reported Earnings • Oct 29Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CN¥0.14. Revenue: CN¥2.33b (down 1.2% from 3Q 2023). Net income: CN¥206.4m (flat on 3Q 2023). Profit margin: 8.9% (up from 8.7% in 3Q 2023). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 82%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China.お知らせ • Sep 30Dawning Information Industry Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Dawning Information Industry Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥43.38, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Tech industry in China. Total returns to shareholders of 65% over the past three years.Reported Earnings • Aug 20Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.28 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.28 in 2Q 2023). Revenue: CN¥3.23b (up 4.2% from 2Q 2023). Net income: CN¥415.4m (flat on 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28Dawning Information Industry Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Dawning Information Industry Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024Declared Dividend • Jun 03Dividend of CN¥0.17 announcedShareholders will receive a dividend of CN¥0.17. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 32% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 27First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: CN¥0.098 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥2.48b (up 7.9% from 1Q 2023). Net income: CN¥142.6m (up 8.9% from 1Q 2023). Profit margin: 5.8% (up from 5.7% in 1Q 2023). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 132%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year.New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% 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. This is currently the only risk that has been identified for the company.Price Target Changed • Apr 20Price target increased by 8.2% to CN¥48.03Up from CN¥44.41, the current price target is an average from 4 analysts. New target price is 7.5% above last closing price of CN¥44.67. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.26 last year.Reported Earnings • Apr 19Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥1.26 (up from CN¥1.06 in FY 2022). Revenue: CN¥14.4b (up 10% from FY 2022). Net income: CN¥1.84b (up 19% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 5.8%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 19Dawning Information Industry Co., Ltd., Annual General Meeting, May 10, 2024Dawning Information Industry Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: Building 36, Zhongguancun Software Park, Haidian District, Beijing Chinaお知らせ • Mar 29Dawning Information Industry Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Dawning Information Industry Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 36%After last week's 36% share price gain to CN¥53.50, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Tech industry in China. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.15 per share.Reported Earnings • Feb 24Full year 2023 earnings released: EPS: CN¥1.26 (vs CN¥1.06 in FY 2022)Full year 2023 results: EPS: CN¥1.26 (up from CN¥1.06 in FY 2022). Revenue: CN¥14.4b (up 10% from FY 2022). Net income: CN¥1.84b (up 19% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 30Dawning Information Industry Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024Dawning Information Industry Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024お知らせ • Dec 07Dawning Information Industry Co., Ltd. (SHSE:603019) announces an Equity Buyback for CNY 30 million worth of its shares.Dawning Information Industry Co., Ltd. (SHSE:603019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 45 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥2.36b (flat on 3Q 2022). Net income: CN¥205.5m (up 14% from 3Q 2022). Profit margin: 8.7% (up from 7.7% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Sep 30Dawning Information Industry Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Dawning Information Industry Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023Board Change • Sep 28Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yongqin Zheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Aug 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.24 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥3.10b (up 9.0% from 2Q 2022). Net income: CN¥413.8m (up 12% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.New Risk • Aug 09New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Price Target Changed • Aug 03Price target increased by 27% to CN¥36.10Up from CN¥28.53, the current price target is an average from 3 analysts. New target price is 20% below last closing price of CN¥45.26. Stock is up 49% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥1.06 last year.Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥61.12, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 29x in the Tech industry in China. Total returns to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥53.50, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 23x in the Tech industry in China. Total returns to shareholders of 40% over the past three years.Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥44.20, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Tech industry in China. Total returns to shareholders of 8.5% over the past three years.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥53.99, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 26x in the Tech industry in China. Total returns to shareholders of 72% over the past three years.Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CN¥1.06 (up from CN¥0.80 in FY 2021). Revenue: CN¥13.0b (up 16% from FY 2021). Net income: CN¥1.54b (up 33% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 07Price target decreased by 14% to CN¥28.53Down from CN¥33.30, the current price target is an average from 3 analysts. New target price is 29% below last closing price of CN¥40.08. Stock is up 42% over the past year. The company is forecast to post earnings per share of CN¥1.21 for next year compared to CN¥1.04 last year.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥37.34, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Tech industry in China. Total returns to shareholders of 21% over the past three years.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥34.18, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Tech industry in China. Negligible returns to shareholders over past three years.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.80 in FY 2021)Full year 2022 results: EPS: CN¥1.04 (up from CN¥0.80 in FY 2021). Revenue: CN¥13.0b (up 16% from FY 2021). Net income: CN¥1.51b (up 31% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥31.63, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 26x in the Tech industry in China. Total loss to shareholders of 7.5% over the past three years.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.08 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥2.36b (up 19% from 3Q 2021). Net income: CN¥171.1m (up 49% from 3Q 2021). Profit margin: 7.2% (up from 5.8% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.17 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.17 in 2Q 2021). Revenue: CN¥2.85b (up 13% from 2Q 2021). Net income: CN¥368.2m (up 36% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥33.43, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 23x in the Tech industry in China. Total returns to shareholders of 51% over the past three years.Reported Earnings • Apr 28First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥2.18b (up 9.7% from 1Q 2021). Net income: CN¥113.7m (up 40% from 1Q 2021). Profit margin: 5.2% (up from 4.1% in 1Q 2021). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 12%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target increased to CN¥35.18Up from CN¥28.45, the current price target is an average from 7 analysts. New target price is 39% above last closing price of CN¥25.32. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.80 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 5 independent directors (7 non-independent directors). Independent Non-Executive Director Lei Chen was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 16Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥0.80 (up from CN¥0.62 in FY 2020). Revenue: CN¥11.2b (up 10% from FY 2020). Net income: CN¥1.16b (up 41% from FY 2020). Profit margin: 10% (up from 8.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 10%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥13.1b to CN¥12.6b. EPS estimate rose from CN¥0.83 to CN¥1.00. Net income forecast to grow 26% next year vs 39% growth forecast for Tech industry in China. Consensus price target of CN¥35.18 unchanged from last update. Share price was steady at CN¥32.96 over the past week.Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥0.78 (up from CN¥0.62 in FY 2020). Revenue: CN¥11.2b (up 10% from FY 2020). Net income: CN¥1.13b (up 38% from FY 2020). Profit margin: 10% (up from 8.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 11Price target increased to CN¥31.90Up from CN¥28.45, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥31.90. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.62 last year.お知らせ • Jan 28Dawning Information Industry Co., Ltd.(XSSC:603019) dropped from FTSE All-World Index (USD)Dawning Information Industry Co., Ltd.(XSSC:603019) dropped from FTSE All-World Index (USD)Price Target Changed • Nov 11Price target decreased to CN¥28.45Down from CN¥31.60, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥29.07. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.62 last year.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.06 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.99b (up 1.3% from 3Q 2020). Net income: CN¥115.1m (up 57% from 3Q 2020). Profit margin: 5.8% (up from 3.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.13 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥2.52b (up 30% from 2Q 2020). Net income: CN¥270.7m (up 41% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 09Dawning Information Industry Co., Ltd. (SHSE:603019) intends to acquire 25% stake in Golaxy Data Technology Co., Ltd. from Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) for CNY 90.8 million.Dawning Information Industry Co., Ltd. (SHSE:603019) intends to acquire 25% stake in Golaxy Data Technology Co., Ltd. from Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) for CNY 90.8 million on June 7, 2021. As per the terms of the agreement, Dawning Information Industry Co., Ltd. shall pay 50% of the total consideration or CNY 45.42 million within 5 working days from the date when the agreement becomes effective and the remaining CNY 45.42 million within five working days from the date when Golaxy Data Technology Co., Ltd. completes the filing procedures for industrial and commercial changes related to the share transfer. As a result of the transaction, Suzhou Jinfu Technology Co., Ltd. will no longer hold any stake in Golaxy Data Technology Co., Ltd. In March 31, 2021, Golaxy Data Technology Co., Ltd. reported a total assets of CNY 123 million, negative net income of CNY 27.2 million, total common equity of CNY 68.9 million and EBIT of CNY 0.40 million.Price Target Changed • May 28Price target decreased to CN¥31.60Down from CN¥34.30, the current price target is an average from 6 analysts. New target price is 15% above last closing price of CN¥27.46. Stock is down 27% over the past year.お知らせ • Apr 13Dawning Information Industry Co., Ltd. announced that it has received CNY 4.779999983 billion in fundingOn April 12, 2021, Dawning Information Industry Co., Ltd. (SHSE:603019) closed the transaction. The company issued 148,678,071 ordinary A shares at an issue price of CNY 32.15 per share for gross proceeds of CNY 4,779,999,982.65. The company has incurred expenses of CNY 28,781,771.76 in relation to the transaction. The receipt of the funds has been verified by BDO China SHU LUN PAN Certified Public Accountants LLP and has issued a Capital Verification Report (Xinhuishibaozi [2020] No. ZG11873).Reported Earnings • Apr 12Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.2b (up 6.7% from FY 2019). Net income: CN¥822.4m (up 39% from FY 2019). Profit margin: 8.1% (up from 6.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 13Price target lowered to CN¥35.63Down from CN¥39.97, the current price target is an average from 7 analysts. The new target price is 19% above the current share price of CN¥29.99. As of last close, the stock is down 11% over the past year.Reported Earnings • Mar 12Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.1b (up 6.0% from FY 2019). Net income: CN¥819.4m (up 38% from FY 2019). Profit margin: 8.1% (up from 6.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 10New 90-day low: CN¥28.15The company is down 15% from its price of CN¥32.95 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.22 per share.業績と収益の成長予測SHSE:603019 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202822,7834,332N/A3,284212/31/202719,9123,606N/A3,167412/31/202617,0872,819N/A1,93243/31/202615,5772,218-2751,040N/A12/31/202514,9642,1763961,313N/A9/30/202513,9262,1081,8832,703N/A6/30/202513,2862,0771,5292,275N/A3/31/202513,2551,9551,2012,098N/A12/31/202413,1481,9111,8622,722N/A9/30/202414,6361,8553061,391N/A6/30/202414,6641,854-191,570N/A3/31/202414,5331,8481,3453,242N/A12/31/202314,3531,8361,3433,510N/A9/30/202313,3801,6419213,729N/A6/30/202313,3771,6166553,603N/A3/31/202313,1251,566-9461,935N/A12/31/202213,0081,544-1,5601,125N/A9/30/202212,1531,364-2,828-297N/A6/30/202211,8021,298-3,997-1,880N/A3/31/202211,4671,204-3,034-1,301N/A12/31/202111,2691,176-2,152-523N/A9/30/202110,707964-1,553-657N/A6/30/202110,6719241,7842,474N/A3/31/202110,0908451,5012,103N/A12/31/202010,1618221,7612,315N/A9/30/20208,7036681,4461,998N/A6/30/20208,9096419981,620N/A3/31/20209,3386021,7642,447N/A12/31/20199,526594N/A3,174N/A9/30/201910,380506N/A2,895N/A6/30/201910,258488N/A2,154N/A3/31/20199,830459N/A1,542N/A12/31/20189,057431N/A631N/A9/30/20187,963407N/A581N/A6/30/20187,540387N/A420N/A3/31/20186,942313N/A-123N/A12/31/20176,294309N/A42N/A9/30/20175,502225N/A-233N/A6/30/20174,848230N/A-253N/A3/31/20174,521213N/A-26N/A12/31/20164,360224N/A-241N/A9/30/20164,179205N/A-86N/A6/30/20164,063202N/A-215N/A3/31/20163,969240N/A80N/A12/31/20153,662177N/A30N/A9/30/20153,379133N/A-247N/A6/30/20153,023128N/A-174N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 603019の予測収益成長率 (年間23.9% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 603019の収益 ( 23.9% ) CN市場 ( 27% ) よりも低い成長が予測されています。高成長収益: 603019の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 603019の収益 ( 13.9% ) CN市場 ( 16% ) よりも低い成長が予測されています。高い収益成長: 603019の収益 ( 13.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 603019の 自己資本利益率 は、3年後には低くなると予測されています ( 13.6 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 23:20終値2026/05/22 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Dawning Information Industry Co., Ltd. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関Robert ChengBofA Global ResearchYan Jing WuChina Galaxy Securities Co., Ltd.Jingyu ZhuChina International Capital Corporation Limited13 その他のアナリストを表示
Price Target Changed • Mar 09Price target increased by 11% to CN¥86.30Up from CN¥77.70, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥84.19. The company is forecast to post earnings per share of CN¥2.04 for next year compared to CN¥1.45 last year.
Price Target Changed • Nov 15Price target increased by 63% to CN¥77.70Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 23% below last closing price of CN¥101. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥1.31 last year.
Price Target Changed • Jun 10Price target increased by 12% to CN¥53.40Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 22% below last closing price of CN¥68.09. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.31 last year.
Price Target Changed • Mar 06Price target increased by 19% to CN¥53.20Up from CN¥44.78, the current price target is an average from 5 analysts. New target price is 28% below last closing price of CN¥73.49. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥1.31 last year.
Price Target Changed • Apr 20Price target increased by 8.2% to CN¥48.03Up from CN¥44.41, the current price target is an average from 4 analysts. New target price is 7.5% above last closing price of CN¥44.67. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.26 last year.
Price Target Changed • Aug 03Price target increased by 27% to CN¥36.10Up from CN¥28.53, the current price target is an average from 3 analysts. New target price is 20% below last closing price of CN¥45.26. Stock is up 49% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥1.06 last year.
New Risk • Apr 19New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 166% Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Apr 15Dawning Information Industry Co., Ltd., Annual General Meeting, May 06, 2026Dawning Information Industry Co., Ltd., Annual General Meeting, May 06, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Tianjin China
Reported Earnings • Apr 08First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.15 (up from CN¥0.13 in 1Q 2025). Revenue: CN¥3.07b (up 19% from 1Q 2025). Net income: CN¥225.4m (up 21% from 1Q 2025). Profit margin: 7.3% (up from 7.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 30Dawning Information Industry Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026Dawning Information Industry Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
Price Target Changed • Mar 09Price target increased by 11% to CN¥86.30Up from CN¥77.70, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥84.19. The company is forecast to post earnings per share of CN¥2.04 for next year compared to CN¥1.45 last year.
お知らせ • Dec 26Dawning Information Industry Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Dawning Information Industry Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
お知らせ • Dec 11Hygon Information Technology Co., Ltd. (SHSE:688041) cancelled the acquisition of Dawning Information Industry Co., Ltd. (SHSE:603019).Hygon Information Technology Co., Ltd. (SHSE:688041) signed a letter of intent to acquire Dawning Information Industry Co., Ltd. (SHSE:603019) for approximately CNY 110 billion on May 25, 2025. The consideration consists of issuing A shares to all A share shareholders of the Company in exchange for shares, while also issuing A shares to raise supporting funds. The A shares of Dawning Information Industry Co., Ltd. will be suspended from trading starting from the opening of the market on May 26, 2025. Under the terms, Each one of Dawning's shares will be converted into 0.55 shares of Hygon at a price of CNY79.26 (USD11.03) and CNY143.46 (USD19.96), respectively. Once the merger is completed, Dawning will be delisted. Transaction has been approved by Hygon Information Technology's board of directors. Transaction has been approved by Dawning Information Industry's board of directors. This transaction has been approved by the Institute of Computing Technology of the Chinese Academy of Sciences. The supporting funds raised for this transaction are intended to be used, after deducting intermediary fees, for paying taxes and fees related to this acquisition, merger and integration costs such as personnel placement expenses, supplementing working capital, repaying debts, and investing in project construction. The transaction still requires the completion of necessary internal decision-making procedures and approval from the competent regulatory authorities before it can be formally implemented, and there remains uncertainty regarding its implementation. The transaction plan must be reviewed and approved by the shareholders' meetings of the Company and Dawning Information Industry Co., Ltd. Hygon Information Technology Co., Ltd. (SHSE:688041) cancelled the acquisition of Dawning Information Industry Co., Ltd. (SHSE:603019) on December 9, 2025. Dawning Information Industry Co., Ltd held the 26th Meeting of the 5th Directorate, and approved terminating Hygon Information Technology Co., Ltd.’s share exchange and absorption-type merger of the Company.
Price Target Changed • Nov 15Price target increased by 63% to CN¥77.70Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 23% below last closing price of CN¥101. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥1.31 last year.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥2.97b (up 28% from 3Q 2024). Net income: CN¥237.5m (up 15% from 3Q 2024). Profit margin: 8.0% (down from 8.9% in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Oct 14New 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 9.3% 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 Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Large one-off items impacting financial results.
お知らせ • Sep 30Dawning Information Industry Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Dawning Information Industry Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 12New 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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥92.09, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 36x in the Tech industry in China. Total returns to shareholders of 283% over the past three years.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥91.11, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 41x in the Tech industry in China. Total returns to shareholders of 253% over the past three years.
Reported Earnings • Aug 06Second quarter 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.29 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.37 (up from CN¥0.29 in 2Q 2024). Revenue: CN¥3.27b (up 1.1% from 2Q 2024). Net income: CN¥545.0m (up 30% from 2Q 2024). Profit margin: 17% (up from 13% in 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 30Dawning Information Industry Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Dawning Information Industry Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • Jun 24Dawning Information Industry Co., Ltd.(SHSE:603019) dropped from Shanghai Stock Exchange 180 Value IndexDawning Information Industry Co., Ltd. has been removed from Shanghai Stock Exchange 180 Value Index .
Price Target Changed • Jun 10Price target increased by 12% to CN¥53.40Up from CN¥47.78, the current price target is an average from 3 analysts. New target price is 22% below last closing price of CN¥68.09. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.31 last year.
お知らせ • May 26Hygon Information Technology Co., Ltd. (SHSE:688041) signed a letter of intent to acquire Dawning Information Industry Co., Ltd. (SHSE:603019).Hygon Information Technology Co., Ltd. (SHSE:688041) signed a letter of intent to acquire Dawning Information Industry Co., Ltd. (SHSE:603019) on May 25, 2025. The consideration consists of issuing A shares to all A share shareholders of the Company in exchange for shares, while also issuing A shares to raise supporting funds. The A shares of Dawning Information Industry Co., Ltd. will be suspended from trading starting from the opening of the market on May 26, 2025. The transaction still requires the completion of necessary internal decision-making procedures and approval from the competent regulatory authorities before it can be formally implemented, and there remains uncertainty regarding its implementation.
Reported Earnings • Apr 09First quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.098 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.098 in 1Q 2024). Revenue: CN¥2.59b (up 4.3% from 1Q 2024). Net income: CN¥184.7m (up 30% from 1Q 2024). Profit margin: 7.1% (up from 5.8% in 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 28Dawning Information Industry Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Dawning Information Industry Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
New Risk • Mar 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 74% 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. This is currently the only risk that has been identified for the company.
Price Target Changed • Mar 06Price target increased by 19% to CN¥53.20Up from CN¥44.78, the current price target is an average from 5 analysts. New target price is 28% below last closing price of CN¥73.49. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥1.31 last year.
お知らせ • Mar 05Dawning Information Industry Co., Ltd., Annual General Meeting, Mar 31, 2025Dawning Information Industry Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:00 China Standard Time. Location: Building 36, Zhongguancun Software Park, Haidian District, Beijing China
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: CN¥1.31 (vs CN¥1.26 in FY 2023)Full year 2024 results: EPS: CN¥1.31 (up from CN¥1.26 in FY 2023). Revenue: CN¥13.2b (down 8.3% from FY 2023). Net income: CN¥1.91b (up 4.3% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jan 10New 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 9.2% 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 Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results.
お知らせ • Dec 27Dawning Information Industry Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025Dawning Information Industry Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥66.50, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Tech industry in China. Total returns to shareholders of 137% over the past three years.
Reported Earnings • Oct 29Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: CN¥0.14. Revenue: CN¥2.33b (down 1.2% from 3Q 2023). Net income: CN¥206.4m (flat on 3Q 2023). Profit margin: 8.9% (up from 8.7% in 3Q 2023). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 82%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China.
お知らせ • Sep 30Dawning Information Industry Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Dawning Information Industry Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥43.38, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Tech industry in China. Total returns to shareholders of 65% over the past three years.
Reported Earnings • Aug 20Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.28 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.28 in 2Q 2023). Revenue: CN¥3.23b (up 4.2% from 2Q 2023). Net income: CN¥415.4m (flat on 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28Dawning Information Industry Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Dawning Information Industry Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
Declared Dividend • Jun 03Dividend of CN¥0.17 announcedShareholders will receive a dividend of CN¥0.17. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 32% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 79% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 27First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: CN¥0.098 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥2.48b (up 7.9% from 1Q 2023). Net income: CN¥142.6m (up 8.9% from 1Q 2023). Profit margin: 5.8% (up from 5.7% in 1Q 2023). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 132%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year.
New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% 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. This is currently the only risk that has been identified for the company.
Price Target Changed • Apr 20Price target increased by 8.2% to CN¥48.03Up from CN¥44.41, the current price target is an average from 4 analysts. New target price is 7.5% above last closing price of CN¥44.67. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.26 last year.
Reported Earnings • Apr 19Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥1.26 (up from CN¥1.06 in FY 2022). Revenue: CN¥14.4b (up 10% from FY 2022). Net income: CN¥1.84b (up 19% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 5.8%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 19Dawning Information Industry Co., Ltd., Annual General Meeting, May 10, 2024Dawning Information Industry Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: Building 36, Zhongguancun Software Park, Haidian District, Beijing China
お知らせ • Mar 29Dawning Information Industry Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Dawning Information Industry Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 36%After last week's 36% share price gain to CN¥53.50, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Tech industry in China. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.15 per share.
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: CN¥1.26 (vs CN¥1.06 in FY 2022)Full year 2023 results: EPS: CN¥1.26 (up from CN¥1.06 in FY 2022). Revenue: CN¥14.4b (up 10% from FY 2022). Net income: CN¥1.84b (up 19% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 30Dawning Information Industry Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024Dawning Information Industry Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024
お知らせ • Dec 07Dawning Information Industry Co., Ltd. (SHSE:603019) announces an Equity Buyback for CNY 30 million worth of its shares.Dawning Information Industry Co., Ltd. (SHSE:603019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 45 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥2.36b (flat on 3Q 2022). Net income: CN¥205.5m (up 14% from 3Q 2022). Profit margin: 8.7% (up from 7.7% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Sep 30Dawning Information Industry Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Dawning Information Industry Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023
Board Change • Sep 28Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yongqin Zheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Aug 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.24 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥3.10b (up 9.0% from 2Q 2022). Net income: CN¥413.8m (up 12% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
New Risk • Aug 09New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Price Target Changed • Aug 03Price target increased by 27% to CN¥36.10Up from CN¥28.53, the current price target is an average from 3 analysts. New target price is 20% below last closing price of CN¥45.26. Stock is up 49% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥1.06 last year.
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥61.12, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 29x in the Tech industry in China. Total returns to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥53.50, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 23x in the Tech industry in China. Total returns to shareholders of 40% over the past three years.
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥44.20, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Tech industry in China. Total returns to shareholders of 8.5% over the past three years.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥53.99, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 26x in the Tech industry in China. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CN¥1.06 (up from CN¥0.80 in FY 2021). Revenue: CN¥13.0b (up 16% from FY 2021). Net income: CN¥1.54b (up 33% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 07Price target decreased by 14% to CN¥28.53Down from CN¥33.30, the current price target is an average from 3 analysts. New target price is 29% below last closing price of CN¥40.08. Stock is up 42% over the past year. The company is forecast to post earnings per share of CN¥1.21 for next year compared to CN¥1.04 last year.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥37.34, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Tech industry in China. Total returns to shareholders of 21% over the past three years.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥34.18, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Tech industry in China. Negligible returns to shareholders over past three years.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥1.04 (vs CN¥0.80 in FY 2021)Full year 2022 results: EPS: CN¥1.04 (up from CN¥0.80 in FY 2021). Revenue: CN¥13.0b (up 16% from FY 2021). Net income: CN¥1.51b (up 31% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥31.63, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 26x in the Tech industry in China. Total loss to shareholders of 7.5% over the past three years.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.08 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥2.36b (up 19% from 3Q 2021). Net income: CN¥171.1m (up 49% from 3Q 2021). Profit margin: 7.2% (up from 5.8% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 19Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.17 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.17 in 2Q 2021). Revenue: CN¥2.85b (up 13% from 2Q 2021). Net income: CN¥368.2m (up 36% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥33.43, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 23x in the Tech industry in China. Total returns to shareholders of 51% over the past three years.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥2.18b (up 9.7% from 1Q 2021). Net income: CN¥113.7m (up 40% from 1Q 2021). Profit margin: 5.2% (up from 4.1% in 1Q 2021). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 12%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target increased to CN¥35.18Up from CN¥28.45, the current price target is an average from 7 analysts. New target price is 39% above last closing price of CN¥25.32. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.80 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 5 independent directors (7 non-independent directors). Independent Non-Executive Director Lei Chen was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 16Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥0.80 (up from CN¥0.62 in FY 2020). Revenue: CN¥11.2b (up 10% from FY 2020). Net income: CN¥1.16b (up 41% from FY 2020). Profit margin: 10% (up from 8.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 10%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥13.1b to CN¥12.6b. EPS estimate rose from CN¥0.83 to CN¥1.00. Net income forecast to grow 26% next year vs 39% growth forecast for Tech industry in China. Consensus price target of CN¥35.18 unchanged from last update. Share price was steady at CN¥32.96 over the past week.
Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥0.78 (up from CN¥0.62 in FY 2020). Revenue: CN¥11.2b (up 10% from FY 2020). Net income: CN¥1.13b (up 38% from FY 2020). Profit margin: 10% (up from 8.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 11Price target increased to CN¥31.90Up from CN¥28.45, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥31.90. Stock is up 8.1% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.62 last year.
お知らせ • Jan 28Dawning Information Industry Co., Ltd.(XSSC:603019) dropped from FTSE All-World Index (USD)Dawning Information Industry Co., Ltd.(XSSC:603019) dropped from FTSE All-World Index (USD)
Price Target Changed • Nov 11Price target decreased to CN¥28.45Down from CN¥31.60, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥29.07. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.62 last year.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.06 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.99b (up 1.3% from 3Q 2020). Net income: CN¥115.1m (up 57% from 3Q 2020). Profit margin: 5.8% (up from 3.7% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.13 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥2.52b (up 30% from 2Q 2020). Net income: CN¥270.7m (up 41% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 09Dawning Information Industry Co., Ltd. (SHSE:603019) intends to acquire 25% stake in Golaxy Data Technology Co., Ltd. from Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) for CNY 90.8 million.Dawning Information Industry Co., Ltd. (SHSE:603019) intends to acquire 25% stake in Golaxy Data Technology Co., Ltd. from Suzhou Jinfu Technology Co., Ltd. (SZSE:300128) for CNY 90.8 million on June 7, 2021. As per the terms of the agreement, Dawning Information Industry Co., Ltd. shall pay 50% of the total consideration or CNY 45.42 million within 5 working days from the date when the agreement becomes effective and the remaining CNY 45.42 million within five working days from the date when Golaxy Data Technology Co., Ltd. completes the filing procedures for industrial and commercial changes related to the share transfer. As a result of the transaction, Suzhou Jinfu Technology Co., Ltd. will no longer hold any stake in Golaxy Data Technology Co., Ltd. In March 31, 2021, Golaxy Data Technology Co., Ltd. reported a total assets of CNY 123 million, negative net income of CNY 27.2 million, total common equity of CNY 68.9 million and EBIT of CNY 0.40 million.
Price Target Changed • May 28Price target decreased to CN¥31.60Down from CN¥34.30, the current price target is an average from 6 analysts. New target price is 15% above last closing price of CN¥27.46. Stock is down 27% over the past year.
お知らせ • Apr 13Dawning Information Industry Co., Ltd. announced that it has received CNY 4.779999983 billion in fundingOn April 12, 2021, Dawning Information Industry Co., Ltd. (SHSE:603019) closed the transaction. The company issued 148,678,071 ordinary A shares at an issue price of CNY 32.15 per share for gross proceeds of CNY 4,779,999,982.65. The company has incurred expenses of CNY 28,781,771.76 in relation to the transaction. The receipt of the funds has been verified by BDO China SHU LUN PAN Certified Public Accountants LLP and has issued a Capital Verification Report (Xinhuishibaozi [2020] No. ZG11873).
Reported Earnings • Apr 12Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.2b (up 6.7% from FY 2019). Net income: CN¥822.4m (up 39% from FY 2019). Profit margin: 8.1% (up from 6.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 13Price target lowered to CN¥35.63Down from CN¥39.97, the current price target is an average from 7 analysts. The new target price is 19% above the current share price of CN¥29.99. As of last close, the stock is down 11% over the past year.
Reported Earnings • Mar 12Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.1b (up 6.0% from FY 2019). Net income: CN¥819.4m (up 38% from FY 2019). Profit margin: 8.1% (up from 6.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 10New 90-day low: CN¥28.15The company is down 15% from its price of CN¥32.95 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.22 per share.