View ValuationVatti 향후 성장Future 기준 점검 1/6Vatti (는) 각각 연간 11.9% 및 3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 11.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 9.3% 로 예상됩니다.핵심 정보11.9%이익 성장률11.34%EPS 성장률Consumer Durables 이익 성장17.0%매출 성장률3.0%향후 자기자본이익률9.26%애널리스트 커버리지Low마지막 업데이트27 May 2026최근 향후 성장 업데이트Price Target Changed • Sep 04Price target decreased by 14% to CN¥7.66Down from CN¥8.92, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥6.33. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.58 last year.Major Estimate Revision • May 05Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.02b to CN¥6.66b. EPS estimate also fell from CN¥0.763 per share to CN¥0.613 per share. Net income forecast to grow 17% next year vs 18% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥9.72 unchanged from last update. Share price fell 3.4% to CN¥6.47 over the past week.Price Target Changed • May 30Price target increased by 20% to CN¥9.22Up from CN¥7.72, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥8.05. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.53 last year.Major Estimate Revision • May 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥6.72b to CN¥6.94b. EPS estimate increased from CN¥0.653 to CN¥0.735 per share. Net income forecast to grow 31% next year vs 22% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥7.30 to CN¥7.72. Share price rose 14% to CN¥7.27 over the past week.Major Estimate Revision • Mar 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from CN¥0.487 to CN¥0.435 per share. Revenue forecast steady at CN¥5.98b. Net income forecast to grow 124% next year vs 35% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥5.85 to CN¥6.85. Share price rose 12% to CN¥7.46 over the past week.Price Target Changed • Mar 18Price target increased by 17% to CN¥6.85Up from CN¥5.85, the current price target is an average from 3 analysts. New target price is 6.1% below last closing price of CN¥7.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.24 last year.모든 업데이트 보기Recent updatesNew Risk • Apr 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 28Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.36 (down from CN¥0.58 in FY 2024). Revenue: CN¥5.65b (down 11% from FY 2024). Net income: CN¥301.0m (down 38% from FY 2024). Profit margin: 5.3% (down from 7.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables 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 6% per year, which means it is significantly lagging earnings.공시 • Apr 28Vatti Corporation Limited, Annual General Meeting, May 19, 2026Vatti Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China공시 • Mar 31Vatti Corporation Limited to Report Q1, 2026 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report Q1, 2026 results on Apr 28, 2026Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 10% over the past three years.공시 • Dec 31Vatti Corporation Limited to Report Fiscal Year 2025 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report fiscal year 2025 results on Apr 28, 2026Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥1.36b (down 7.9% from 3Q 2024). Net income: CN¥83.7m (down 20% from 3Q 2024). Profit margin: 6.2% (down from 7.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Oct 20Now 21% overvaluedOver the last 90 days, the stock has fallen 3.5% to CN¥6.30. The fair value is estimated to be CN¥5.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.공시 • Sep 30Vatti Corporation Limited to Report Q3, 2025 Results on Oct 28, 2025Vatti Corporation Limited announced that they will report Q3, 2025 results on Oct 28, 2025Price Target Changed • Sep 04Price target decreased by 14% to CN¥7.66Down from CN¥8.92, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥6.33. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.58 last year.공시 • Jul 02Vatti Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025Vatti Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025Declared Dividend • Jun 23Dividend of CN¥0.30 announcedDividend of CN¥0.30 is the same as last year. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Major Estimate Revision • May 05Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.02b to CN¥6.66b. EPS estimate also fell from CN¥0.763 per share to CN¥0.613 per share. Net income forecast to grow 17% next year vs 18% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥9.72 unchanged from last update. Share price fell 3.4% to CN¥6.47 over the past week.New Risk • May 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Apr 29Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.58 (up from CN¥0.53 in FY 2023). Revenue: CN¥6.37b (up 2.2% from FY 2023). Net income: CN¥484.7m (up 8.4% from FY 2023). Profit margin: 7.6% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • Apr 29Vatti Corporation Limited, Annual General Meeting, May 20, 2025Vatti Corporation Limited, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.공시 • Mar 31Vatti Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025공시 • Dec 31Vatti Corporation Limited to Report Fiscal Year 2024 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report fiscal year 2024 results on Apr 29, 2025분석 기사 • Dec 19Here's Why We Think Vatti (SZSE:002035) Might Deserve Your Attention TodayInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...분석 기사 • Nov 29Vatti (SZSE:002035) May Have Issues Allocating Its CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Oct 31Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥1.47b (down 4.9% from 3Q 2023). Net income: CN¥104.2m (up 5.7% from 3Q 2023). Profit margin: 7.1% (up from 6.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.분석 기사 • Oct 29Does Vatti (SZSE:002035) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공시 • Sep 30Vatti Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024Vatti Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥7.99, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 28% over the past three years.분석 기사 • Sep 28Vatti Corporation Limited (SZSE:002035) Shares Fly 28% But Investors Aren't Buying For GrowthVatti Corporation Limited ( SZSE:002035 ) shareholders would be excited to see that the share price has had a great...분석 기사 • Sep 20Is Now The Time To Put Vatti (SZSE:002035) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Consumer Durables industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.22 per share.분석 기사 • Jul 25Returns On Capital Signal Tricky Times Ahead For Vatti (SZSE:002035)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...공시 • Jun 29Vatti Corporation Limited to Report First Half, 2024 Results on Aug 30, 2024Vatti Corporation Limited announced that they will report first half, 2024 results on Aug 30, 2024분석 기사 • Jun 23Vatti (SZSE:002035) Will Pay A Larger Dividend Than Last Year At CN¥0.30Vatti Corporation Limited ( SZSE:002035 ) will increase its dividend from last year's comparable payment on the 26th of...Declared Dividend • Jun 22Dividend increased to CN¥0.30Dividend of CN¥0.30 is 200% higher than last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • May 30Price target increased by 20% to CN¥9.22Up from CN¥7.72, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥8.05. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.53 last year.분석 기사 • May 02Vatti's (SZSE:002035) Earnings May Just Be The Starting PointVatti Corporation Limited's ( SZSE:002035 ) strong earnings report was rewarded with a positive stock price move. We...Major Estimate Revision • May 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥6.72b to CN¥6.94b. EPS estimate increased from CN¥0.653 to CN¥0.735 per share. Net income forecast to grow 31% next year vs 22% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥7.30 to CN¥7.72. Share price rose 14% to CN¥7.27 over the past week.공시 • Apr 28Vatti Corporation Limited, Annual General Meeting, May 16, 2024Vatti Corporation Limited, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Agenda: To consider the 2023 annual report and its summary; to consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2024 financial budget report; to consider the 2023 profit distribution plan; to consider the adjustment of the quota of idle proprietary funds for entrusted wealth management; to consider the 2024 remuneration plan for directors; and to consider the 2024 remuneration plan for supervisors.공시 • Apr 27Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2023Vatti Corporation Limited proposed final cash dividend/10 shares (tax included) is CNY 3.0000000 for the year 2023.Reported Earnings • Apr 26First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥1.38b (up 16% from 1Q 2023). Net income: CN¥124.1m (up 35% from 1Q 2023). Profit margin: 9.0% (up from 7.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.분석 기사 • Apr 18Market Cool On Vatti Corporation Limited's (SZSE:002035) EarningsWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 30x, you may consider Vatti...공시 • Mar 30Vatti Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥4.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.37 per share.공시 • Dec 29Vatti Corporation Limited to Report Fiscal Year 2023 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report fiscal year 2023 results on Apr 26, 2024공시 • Dec 07Vatti Corporation Limited (SZSE:002035) announces an Equity Buyback for CNY 200 million worth of its shares.Vatti Corporation Limited (SZSE:002035) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The plan will be valid for 12 months.Reported Earnings • Nov 02Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥1.55b (up 6.6% from 3Q 2022). Net income: CN¥98.6m (up 152% from 3Q 2022). Profit margin: 6.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 30Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥1.68b (flat on 2Q 2022). Net income: CN¥168.9m (up 4.3% from 2Q 2022). Profit margin: 10.0% (in line with 2Q 2022). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.공시 • May 23Vatti Corporation Limited Approves Cash Dividend for the Year 2022Vatti Corporation Limited approved cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, at its Annual General Meeting of 2022 on 19 May 2023.공시 • May 06+ 1 more updateVatti Corporation Limited, Annual General Meeting, May 19, 2023Vatti Corporation Limited, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 annual report and its summary; to 2022 work report of the board of directors; to 2022 work report of the supervisory committee; to 2022 annual accounts; to 2023 financial budget report; to 2022 profit distribution plan; and to Adjustment of bank comprehensive credit line.Reported Earnings • Apr 30First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.094 in 1Q 2022). Revenue: CN¥1.19b (up 6.2% from 1Q 2022). Net income: CN¥92.2m (up 16% from 1Q 2022). Profit margin: 7.7% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Mar 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from CN¥0.487 to CN¥0.435 per share. Revenue forecast steady at CN¥5.98b. Net income forecast to grow 124% next year vs 35% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥5.85 to CN¥6.85. Share price rose 12% to CN¥7.46 over the past week.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥7.45, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 24% over the past three years.Price Target Changed • Mar 18Price target increased by 17% to CN¥6.85Up from CN¥5.85, the current price target is an average from 3 analysts. New target price is 6.1% below last closing price of CN¥7.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.24 last year.Reported Earnings • Oct 30Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: CN¥0.046 (up from CN¥0.045 in 3Q 2021). Revenue: CN¥1.46b (up 12% from 3Q 2021). Net income: CN¥39.2m (up 2.4% from 3Q 2021). Profit margin: 2.7% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 31Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2022 results: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2021). Revenue: CN¥1.68b (up 4.4% from 2Q 2021). Net income: CN¥161.9m (flat on 2Q 2021). Profit margin: 9.6% (in line with 2Q 2021). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Price Target Changed • Jun 27Price target decreased to CN¥5.42Down from CN¥5.91, the current price target is an average from 4 analysts. New target price is 7.4% below last closing price of CN¥5.85. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.24 last year.공시 • Jun 21Vatti Corporation Limited(XSEC:002035) dropped from S&P Global BMI IndexVatti Corporation Limited(XSEC:002035) dropped from S&P Global BMI Index공시 • Jun 18Vatti Corporation Limited Implements Final Profit Distribution Plan for 2021, Payable on June 24, 2022Vatti Corporation Limited announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) CNY 1.00000000. Record date is 23 June 2022, Ex-date is 24 June 2022, Payment date is 24 June 2022.Price Target Changed • Jun 02Price target decreased to CN¥5.42Down from CN¥5.91, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥5.66. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.24 last year.공시 • May 21+ 1 more updateVatti Corporation Limited Approves Election of Pan Jinzhi as Non-Independent DirectorVatti Corporation Limited at it's AGM approved election of Pan Jinzhi as non-independent director.공시 • May 02Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2021Vatti Corporation Limited proposed final cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2021.Price Target Changed • May 01Price target decreased to CN¥5.86Down from CN¥6.37, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CN¥5.05. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.24 last year.Reported Earnings • Apr 30Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: CN¥0.24 (down from CN¥0.47 in FY 2020). Revenue: CN¥5.59b (up 28% from FY 2020). Net income: CN¥207.3m (down 49% from FY 2020). Profit margin: 3.7% (down from 9.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 3.7%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Non Independent Director Jianhui Yang was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Price Target Changed • Oct 29Price target decreased to CN¥7.37Down from CN¥7.92, the current price target is an average from 8 analysts. New target price is 25% above last closing price of CN¥5.90. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥0.54 for next year compared to CN¥0.47 last year.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.12 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥1.31b (flat on 3Q 2020). Net income: CN¥38.3m (down 65% from 3Q 2020). Profit margin: 2.9% (down from 8.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Price Target Changed • Jul 30Price target decreased to CN¥8.37Down from CN¥9.15, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥6.92. Stock is down 33% over the past year.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.61b (up 65% from 2Q 2020). Net income: CN¥161.9m (up 37% from 2Q 2020). Profit margin: 10% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year.공시 • May 21Vatti Corporation Limited Approves Cash Dividend for the Year 202Vatti Corporation Limited approved cash dividend/10 shares (tax included) is CNY 1.50000000 for the year 2020.Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.089 (vs CN¥0.053 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.05b (up 52% from 1Q 2020). Net income: CN¥77.4m (up 67% from 1Q 2020). Profit margin: 7.4% (up from 6.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.공시 • Apr 29Vatti Corporation Limited Proposes Final Cash Dividend Proposal for 2020Vatti Corporation Limited proposed final cash dividend/10 shares (tax included): CNY 1.50000000 for the year 2020.Price Target Changed • Apr 25Price target decreased to CN¥9.15Down from CN¥11.23, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥7.58. Stock is down 33% over the past year.Is New 90 Day High Low • Jan 28New 90-day low: CN¥7.80The company is down 13% from its price of CN¥8.94 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.28 per share.Is New 90 Day High Low • Jan 11New 90-day low: CN¥8.10The company is down 19% from its price of CN¥10.00 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.29 per share.Is New 90 Day High Low • Dec 24New 90-day low: CN¥8.93The company is down 10.0% from its price of CN¥9.88 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.04 per share.Major Estimate Revision • Nov 03Analysts lower EPS estimates to CN¥0.59The 2020 consensus revenue estimate was lowered from CN¥4.99b to CN¥4.61b. Earning per share (EPS) estimate was also lowered from CN¥0.69 to CN¥0.59 for the same period. Net income is expected to grow by 35% next year compared to 32% growth forecast for the Consumer Durables industry in China. The consensus price target was lowered from CN¥13.25 to CN¥11.87. Share price is up 3.9% to CN¥9.29 over the past week.Price Target Changed • Oct 31Price target lowered to CN¥11.87Down from CN¥13.25, the current price target is an average from 9 analysts. The new target price is 33% above the current share price of CN¥8.94. As of last close, the stock is down 25% over the past year.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 10% at CN¥1.31b. Earnings per share (EPS) also missed analyst estimates by 31% at CN¥0.12. Revenue is forecast to grow 22% over the next year, compared to a 16% growth forecast for the Consumer Durables industry in China.Price Target Changed • Oct 28Price target lowered to CN¥12.49Down from CN¥13.61, the current price target is an average from 9 analysts. The new target price is 38% above the current share price of CN¥9.05. As of last close, the stock is down 16% over the past year.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥503.3m, down 33% from the prior year. Total revenue was CN¥4.45b over the last 12 months, down 22% from the prior year.Is New 90 Day High Low • Oct 22New 90-day low: CN¥9.48The company is down 9.0% from its price of CN¥10.40 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.67 per share.공시 • Oct 20Vatti Corporation Limited to Report Q3, 2020 Results on Oct 28, 2020Vatti Corporation Limited announced that they will report Q3, 2020 results on Oct 28, 2020Is New 90 Day High Low • Sep 25New 90-day low: CN¥9.88The company is down 3.0% from its price of CN¥10.21 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.57 per share.공시 • Aug 14Vatti Corporation Limited to Report First Half, 2020 Results on Aug 31, 2020Vatti Corporation Limited announced that they will report first half, 2020 results on Aug 31, 2020이익 및 매출 성장 예측SZSE:002035 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20286,065420N/A574312/31/20275,908393N/A505412/31/20265,742363N/A10143/31/20265,574296-10482N/A12/31/20255,648301294536N/A9/30/20255,954437295560N/A6/30/20256,071457273581N/A3/31/20256,250467294594N/A12/31/20246,372485394632N/A9/30/20246,377491574780N/A6/30/20246,454486832991N/A3/31/20246,4194791,2221,352N/A12/31/20236,2334478821,149N/A9/30/20235,9902228511,141N/A6/30/20235,895163396692N/A3/31/20235,889156134458N/A1/1/20235,819143174395N/A9/30/20225,882210-47188N/A6/30/20225,732209243484N/A3/31/20225,661209219490N/A1/1/20225,588207199466N/A9/30/20215,353413314564N/A6/30/20215,352483130364N/A3/31/20214,721439-10385N/A12/31/20204,360408-303-103N/A9/30/20204,446503-418-164N/A6/30/20204,485517-166117N/A3/31/20205,10866257345N/A12/31/20195,748748N/A779N/A9/30/20195,724752N/A931N/A6/30/20195,851729N/A794N/A3/31/20196,002694N/A719N/A12/31/20186,095677N/A629N/A9/30/20186,293640N/A462N/A6/30/20186,197616N/A370N/A3/31/20185,999548N/A549N/A12/31/20175,731510N/A369N/A9/30/20175,360438N/A478N/A6/30/20175,026409N/A640N/A3/31/20174,675357N/A754N/A12/31/20164,395328N/A818N/A9/30/20164,205276N/A648N/A6/30/20164,031251N/A507N/A3/31/20163,828219N/A299N/A12/31/20153,720208N/A270N/A9/30/20153,866212N/A227N/A6/30/20154,006271N/A317N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 002035 의 연간 예상 수익 증가율(11.9%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 002035 의 연간 수익(11.9%)이 CN 시장(26.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 002035 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 002035 의 수익(연간 3%)이 CN 시장(연간 16.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 002035 의 수익(연간 3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 002035의 자본 수익률은 3년 후 9.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/12 18:47종가2026/06/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Vatti Corporation Limited는 12명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yawei TangChina International Capital Corporation LimitedQinyi ZhangChina International Capital Corporation LimitedYizhen LiCitic Securities Co., Ltd.9명의 분석가 더 보기
Price Target Changed • Sep 04Price target decreased by 14% to CN¥7.66Down from CN¥8.92, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥6.33. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.58 last year.
Major Estimate Revision • May 05Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.02b to CN¥6.66b. EPS estimate also fell from CN¥0.763 per share to CN¥0.613 per share. Net income forecast to grow 17% next year vs 18% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥9.72 unchanged from last update. Share price fell 3.4% to CN¥6.47 over the past week.
Price Target Changed • May 30Price target increased by 20% to CN¥9.22Up from CN¥7.72, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥8.05. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.53 last year.
Major Estimate Revision • May 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥6.72b to CN¥6.94b. EPS estimate increased from CN¥0.653 to CN¥0.735 per share. Net income forecast to grow 31% next year vs 22% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥7.30 to CN¥7.72. Share price rose 14% to CN¥7.27 over the past week.
Major Estimate Revision • Mar 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from CN¥0.487 to CN¥0.435 per share. Revenue forecast steady at CN¥5.98b. Net income forecast to grow 124% next year vs 35% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥5.85 to CN¥6.85. Share price rose 12% to CN¥7.46 over the past week.
Price Target Changed • Mar 18Price target increased by 17% to CN¥6.85Up from CN¥5.85, the current price target is an average from 3 analysts. New target price is 6.1% below last closing price of CN¥7.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.24 last year.
New Risk • Apr 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 28Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.36 (down from CN¥0.58 in FY 2024). Revenue: CN¥5.65b (down 11% from FY 2024). Net income: CN¥301.0m (down 38% from FY 2024). Profit margin: 5.3% (down from 7.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables 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 6% per year, which means it is significantly lagging earnings.
공시 • Apr 28Vatti Corporation Limited, Annual General Meeting, May 19, 2026Vatti Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China
공시 • Mar 31Vatti Corporation Limited to Report Q1, 2026 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report Q1, 2026 results on Apr 28, 2026
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 10% over the past three years.
공시 • Dec 31Vatti Corporation Limited to Report Fiscal Year 2025 Results on Apr 28, 2026Vatti Corporation Limited announced that they will report fiscal year 2025 results on Apr 28, 2026
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥1.36b (down 7.9% from 3Q 2024). Net income: CN¥83.7m (down 20% from 3Q 2024). Profit margin: 6.2% (down from 7.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Oct 20Now 21% overvaluedOver the last 90 days, the stock has fallen 3.5% to CN¥6.30. The fair value is estimated to be CN¥5.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
공시 • Sep 30Vatti Corporation Limited to Report Q3, 2025 Results on Oct 28, 2025Vatti Corporation Limited announced that they will report Q3, 2025 results on Oct 28, 2025
Price Target Changed • Sep 04Price target decreased by 14% to CN¥7.66Down from CN¥8.92, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥6.33. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.58 last year.
공시 • Jul 02Vatti Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025Vatti Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025
Declared Dividend • Jun 23Dividend of CN¥0.30 announcedDividend of CN¥0.30 is the same as last year. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Major Estimate Revision • May 05Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.02b to CN¥6.66b. EPS estimate also fell from CN¥0.763 per share to CN¥0.613 per share. Net income forecast to grow 17% next year vs 18% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥9.72 unchanged from last update. Share price fell 3.4% to CN¥6.47 over the past week.
New Risk • May 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Apr 29Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.58 (up from CN¥0.53 in FY 2023). Revenue: CN¥6.37b (up 2.2% from FY 2023). Net income: CN¥484.7m (up 8.4% from FY 2023). Profit margin: 7.6% (up from 7.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • Apr 29Vatti Corporation Limited, Annual General Meeting, May 20, 2025Vatti Corporation Limited, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.
공시 • Mar 31Vatti Corporation Limited to Report Q1, 2025 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report Q1, 2025 results on Apr 29, 2025
공시 • Dec 31Vatti Corporation Limited to Report Fiscal Year 2024 Results on Apr 29, 2025Vatti Corporation Limited announced that they will report fiscal year 2024 results on Apr 29, 2025
분석 기사 • Dec 19Here's Why We Think Vatti (SZSE:002035) Might Deserve Your Attention TodayInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
분석 기사 • Nov 29Vatti (SZSE:002035) May Have Issues Allocating Its CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Oct 31Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥1.47b (down 4.9% from 3Q 2023). Net income: CN¥104.2m (up 5.7% from 3Q 2023). Profit margin: 7.1% (up from 6.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
분석 기사 • Oct 29Does Vatti (SZSE:002035) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공시 • Sep 30Vatti Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024Vatti Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥7.99, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 28% over the past three years.
분석 기사 • Sep 28Vatti Corporation Limited (SZSE:002035) Shares Fly 28% But Investors Aren't Buying For GrowthVatti Corporation Limited ( SZSE:002035 ) shareholders would be excited to see that the share price has had a great...
분석 기사 • Sep 20Is Now The Time To Put Vatti (SZSE:002035) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Consumer Durables industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.22 per share.
분석 기사 • Jul 25Returns On Capital Signal Tricky Times Ahead For Vatti (SZSE:002035)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
공시 • Jun 29Vatti Corporation Limited to Report First Half, 2024 Results on Aug 30, 2024Vatti Corporation Limited announced that they will report first half, 2024 results on Aug 30, 2024
분석 기사 • Jun 23Vatti (SZSE:002035) Will Pay A Larger Dividend Than Last Year At CN¥0.30Vatti Corporation Limited ( SZSE:002035 ) will increase its dividend from last year's comparable payment on the 26th of...
Declared Dividend • Jun 22Dividend increased to CN¥0.30Dividend of CN¥0.30 is 200% higher than last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • May 30Price target increased by 20% to CN¥9.22Up from CN¥7.72, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥8.05. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.53 last year.
분석 기사 • May 02Vatti's (SZSE:002035) Earnings May Just Be The Starting PointVatti Corporation Limited's ( SZSE:002035 ) strong earnings report was rewarded with a positive stock price move. We...
Major Estimate Revision • May 02Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥6.72b to CN¥6.94b. EPS estimate increased from CN¥0.653 to CN¥0.735 per share. Net income forecast to grow 31% next year vs 22% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥7.30 to CN¥7.72. Share price rose 14% to CN¥7.27 over the past week.
공시 • Apr 28Vatti Corporation Limited, Annual General Meeting, May 16, 2024Vatti Corporation Limited, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Agenda: To consider the 2023 annual report and its summary; to consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2024 financial budget report; to consider the 2023 profit distribution plan; to consider the adjustment of the quota of idle proprietary funds for entrusted wealth management; to consider the 2024 remuneration plan for directors; and to consider the 2024 remuneration plan for supervisors.
공시 • Apr 27Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2023Vatti Corporation Limited proposed final cash dividend/10 shares (tax included) is CNY 3.0000000 for the year 2023.
Reported Earnings • Apr 26First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥1.38b (up 16% from 1Q 2023). Net income: CN¥124.1m (up 35% from 1Q 2023). Profit margin: 9.0% (up from 7.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
분석 기사 • Apr 18Market Cool On Vatti Corporation Limited's (SZSE:002035) EarningsWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 30x, you may consider Vatti...
공시 • Mar 30Vatti Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥4.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.37 per share.
공시 • Dec 29Vatti Corporation Limited to Report Fiscal Year 2023 Results on Apr 26, 2024Vatti Corporation Limited announced that they will report fiscal year 2023 results on Apr 26, 2024
공시 • Dec 07Vatti Corporation Limited (SZSE:002035) announces an Equity Buyback for CNY 200 million worth of its shares.Vatti Corporation Limited (SZSE:002035) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The plan will be valid for 12 months.
Reported Earnings • Nov 02Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥1.55b (up 6.6% from 3Q 2022). Net income: CN¥98.6m (up 152% from 3Q 2022). Profit margin: 6.4% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 30Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥1.68b (flat on 2Q 2022). Net income: CN¥168.9m (up 4.3% from 2Q 2022). Profit margin: 10.0% (in line with 2Q 2022). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
공시 • May 23Vatti Corporation Limited Approves Cash Dividend for the Year 2022Vatti Corporation Limited approved cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, at its Annual General Meeting of 2022 on 19 May 2023.
공시 • May 06+ 1 more updateVatti Corporation Limited, Annual General Meeting, May 19, 2023Vatti Corporation Limited, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 annual report and its summary; to 2022 work report of the board of directors; to 2022 work report of the supervisory committee; to 2022 annual accounts; to 2023 financial budget report; to 2022 profit distribution plan; and to Adjustment of bank comprehensive credit line.
Reported Earnings • Apr 30First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.094 in 1Q 2022). Revenue: CN¥1.19b (up 6.2% from 1Q 2022). Net income: CN¥92.2m (up 16% from 1Q 2022). Profit margin: 7.7% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Mar 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from CN¥0.487 to CN¥0.435 per share. Revenue forecast steady at CN¥5.98b. Net income forecast to grow 124% next year vs 35% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥5.85 to CN¥6.85. Share price rose 12% to CN¥7.46 over the past week.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥7.45, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 24% over the past three years.
Price Target Changed • Mar 18Price target increased by 17% to CN¥6.85Up from CN¥5.85, the current price target is an average from 3 analysts. New target price is 6.1% below last closing price of CN¥7.30. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.24 last year.
Reported Earnings • Oct 30Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: CN¥0.046 (up from CN¥0.045 in 3Q 2021). Revenue: CN¥1.46b (up 12% from 3Q 2021). Net income: CN¥39.2m (up 2.4% from 3Q 2021). Profit margin: 2.7% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 31Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2022 results: EPS: CN¥0.19 (vs CN¥0.19 in 2Q 2021). Revenue: CN¥1.68b (up 4.4% from 2Q 2021). Net income: CN¥161.9m (flat on 2Q 2021). Profit margin: 9.6% (in line with 2Q 2021). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jun 27Price target decreased to CN¥5.42Down from CN¥5.91, the current price target is an average from 4 analysts. New target price is 7.4% below last closing price of CN¥5.85. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.24 last year.
공시 • Jun 21Vatti Corporation Limited(XSEC:002035) dropped from S&P Global BMI IndexVatti Corporation Limited(XSEC:002035) dropped from S&P Global BMI Index
공시 • Jun 18Vatti Corporation Limited Implements Final Profit Distribution Plan for 2021, Payable on June 24, 2022Vatti Corporation Limited announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) CNY 1.00000000. Record date is 23 June 2022, Ex-date is 24 June 2022, Payment date is 24 June 2022.
Price Target Changed • Jun 02Price target decreased to CN¥5.42Down from CN¥5.91, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥5.66. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.24 last year.
공시 • May 21+ 1 more updateVatti Corporation Limited Approves Election of Pan Jinzhi as Non-Independent DirectorVatti Corporation Limited at it's AGM approved election of Pan Jinzhi as non-independent director.
공시 • May 02Vatti Corporation Limited Proposes Final Cash Dividend for the Year 2021Vatti Corporation Limited proposed final cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2021.
Price Target Changed • May 01Price target decreased to CN¥5.86Down from CN¥6.37, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CN¥5.05. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.24 last year.
Reported Earnings • Apr 30Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: CN¥0.24 (down from CN¥0.47 in FY 2020). Revenue: CN¥5.59b (up 28% from FY 2020). Net income: CN¥207.3m (down 49% from FY 2020). Profit margin: 3.7% (down from 9.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 3.7%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Non Independent Director Jianhui Yang was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Price Target Changed • Oct 29Price target decreased to CN¥7.37Down from CN¥7.92, the current price target is an average from 8 analysts. New target price is 25% above last closing price of CN¥5.90. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥0.54 for next year compared to CN¥0.47 last year.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.12 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥1.31b (flat on 3Q 2020). Net income: CN¥38.3m (down 65% from 3Q 2020). Profit margin: 2.9% (down from 8.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jul 30Price target decreased to CN¥8.37Down from CN¥9.15, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥6.92. Stock is down 33% over the past year.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.61b (up 65% from 2Q 2020). Net income: CN¥161.9m (up 37% from 2Q 2020). Profit margin: 10% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year.
공시 • May 21Vatti Corporation Limited Approves Cash Dividend for the Year 202Vatti Corporation Limited approved cash dividend/10 shares (tax included) is CNY 1.50000000 for the year 2020.
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.089 (vs CN¥0.053 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.05b (up 52% from 1Q 2020). Net income: CN¥77.4m (up 67% from 1Q 2020). Profit margin: 7.4% (up from 6.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
공시 • Apr 29Vatti Corporation Limited Proposes Final Cash Dividend Proposal for 2020Vatti Corporation Limited proposed final cash dividend/10 shares (tax included): CNY 1.50000000 for the year 2020.
Price Target Changed • Apr 25Price target decreased to CN¥9.15Down from CN¥11.23, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥7.58. Stock is down 33% over the past year.
Is New 90 Day High Low • Jan 28New 90-day low: CN¥7.80The company is down 13% from its price of CN¥8.94 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.28 per share.
Is New 90 Day High Low • Jan 11New 90-day low: CN¥8.10The company is down 19% from its price of CN¥10.00 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.29 per share.
Is New 90 Day High Low • Dec 24New 90-day low: CN¥8.93The company is down 10.0% from its price of CN¥9.88 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.04 per share.
Major Estimate Revision • Nov 03Analysts lower EPS estimates to CN¥0.59The 2020 consensus revenue estimate was lowered from CN¥4.99b to CN¥4.61b. Earning per share (EPS) estimate was also lowered from CN¥0.69 to CN¥0.59 for the same period. Net income is expected to grow by 35% next year compared to 32% growth forecast for the Consumer Durables industry in China. The consensus price target was lowered from CN¥13.25 to CN¥11.87. Share price is up 3.9% to CN¥9.29 over the past week.
Price Target Changed • Oct 31Price target lowered to CN¥11.87Down from CN¥13.25, the current price target is an average from 9 analysts. The new target price is 33% above the current share price of CN¥8.94. As of last close, the stock is down 25% over the past year.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue and earnings miss expectationsThird-quarter revenue missed analyst estimates by 10% at CN¥1.31b. Earnings per share (EPS) also missed analyst estimates by 31% at CN¥0.12. Revenue is forecast to grow 22% over the next year, compared to a 16% growth forecast for the Consumer Durables industry in China.
Price Target Changed • Oct 28Price target lowered to CN¥12.49Down from CN¥13.61, the current price target is an average from 9 analysts. The new target price is 38% above the current share price of CN¥9.05. As of last close, the stock is down 16% over the past year.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥503.3m, down 33% from the prior year. Total revenue was CN¥4.45b over the last 12 months, down 22% from the prior year.
Is New 90 Day High Low • Oct 22New 90-day low: CN¥9.48The company is down 9.0% from its price of CN¥10.40 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.67 per share.
공시 • Oct 20Vatti Corporation Limited to Report Q3, 2020 Results on Oct 28, 2020Vatti Corporation Limited announced that they will report Q3, 2020 results on Oct 28, 2020
Is New 90 Day High Low • Sep 25New 90-day low: CN¥9.88The company is down 3.0% from its price of CN¥10.21 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.57 per share.
공시 • Aug 14Vatti Corporation Limited to Report First Half, 2020 Results on Aug 31, 2020Vatti Corporation Limited announced that they will report first half, 2020 results on Aug 31, 2020