View ValuationDR 향후 성장Future 기준 점검 2/6DR (는) 각각 연간 22.1% 및 14% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 22% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 3.8% 로 예상됩니다.핵심 정보22.1%이익 성장률22.03%EPS 성장률Luxury 이익 성장19.8%매출 성장률14.0%향후 자기자본이익률3.80%애널리스트 커버리지Low마지막 업데이트05 May 2026최근 향후 성장 업데이트Major Estimate Revision • May 07Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.47b to CN¥1.37b. EPS estimate also fell from CN¥0.31 per share to CN¥0.245 per share. Net income forecast to grow 158% next year vs 23% growth forecast for Luxury industry in China. Consensus price target up from CN¥20.74 to CN¥24.19. Share price rose 3.4% to CN¥26.95 over the past week.Major Estimate Revision • Nov 05Consensus EPS estimates fall by 78%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.61b to CN¥1.50b. EPS estimate also fell from CN¥0.417 per share to CN¥0.09 per share. Net income forecast to grow 615% next year vs 33% growth forecast for Luxury industry in China. Consensus price target of CN¥20.74 unchanged from last update. Share price was steady at CN¥23.11 over the past week.Major Estimate Revision • Nov 02Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.63b to CN¥3.40b. EPS estimate also fell from CN¥1.82 per share to CN¥1.39 per share. Net income forecast to grow 2,348% next year vs 43% growth forecast for Luxury industry in China. Consensus price target of CN¥40.35 unchanged from last update. Share price was steady at CN¥31.03 over the past week.Price Target Changed • May 08Price target decreased by 19% to CN¥57.62Down from CN¥70.94, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥42.29. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥3.35 for next year compared to CN¥1.82 last year.Major Estimate Revision • Sep 07Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.88b to CN¥5.28b. EPS estimate fell from CN¥4.10 to CN¥3.66 per share. Net income forecast to grow 45% next year vs 34% growth forecast for Luxury industry in China. Consensus price target of CN¥70.94 unchanged from last update. Share price fell 3.7% to CN¥48.52 over the past week.모든 업데이트 보기Recent updatesReported Earnings • Apr 29First quarter 2026 earnings released: EPS: CN¥0.09 (vs CN¥0.05 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.09 (up from CN¥0.05 in 1Q 2025). Revenue: CN¥361.3m (down 11% from 1Q 2025). Net income: CN¥37.6m (up 81% from 1Q 2025). Profit margin: 10% (up from 5.1% in 1Q 2025). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 30% 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.공시 • Apr 28DR Corporation Limited, Annual General Meeting, May 19, 2026DR Corporation Limited, Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 3F, No. 18, Keji South Road, Nanshan District, Shenzhen, Guangdong China공시 • Mar 31DR Corporation Limited to Report Q1, 2026 Results on Apr 28, 2026DR Corporation Limited announced that they will report Q1, 2026 results on Apr 28, 2026New Risk • Feb 02New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Paying a dividend despite having no free cash flows. High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).Board Change • Jan 16High number of new directorsNon-Independent Director Lei He was the last director to join the board, commencing their role in 2026.공시 • Jan 15DR Corporation Limited Approves Board ElectionsDR Corporation Limited at its Extraordinary General Meeting held on 13 January 2026 approved the election of He Lei as non-independent director. The company approved the election of Wang Yajin and Zhao Dongping as independent director.공시 • Dec 31DR Corporation Limited to Report Fiscal Year 2025 Results on Apr 27, 2026DR Corporation Limited announced that they will report fiscal year 2025 results on Apr 27, 2026Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.032 loss in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.069 (up from CN¥0.032 loss in 3Q 2024). Revenue: CN¥370.3m (up 11% from 3Q 2024). Net income: CN¥26.5m (up CN¥39.2m from 3Q 2024). Profit margin: 7.2% (up from net loss in 3Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.공시 • Sep 30DR Corporation Limited to Report Q3, 2025 Results on Oct 30, 2025DR Corporation Limited announced that they will report Q3, 2025 results on Oct 30, 2025New Risk • Sep 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 209% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).공시 • Jul 02DR Corporation Limited to Report First Half, 2025 Results on Aug 29, 2025DR Corporation Limited announced that they will report first half, 2025 results on Aug 29, 2025Declared Dividend • Jun 25Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (459% earnings payout ratio) nor is it covered by cash flows (dividend approximately 755x free cash flows). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 410% to bring the payout ratio under control. EPS is expected to grow by 144% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • May 30DR Corporation Limited Approves Cash Dividend for 2024DR Corporation Limited, at the AGM held on 28 May 2025 approved Cash dividend/10 shares (tax included) of CNY 5.00000000 for 2024.New Risk • May 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 459% Dividend per share is over 755x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results.Major Estimate Revision • May 07Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.47b to CN¥1.37b. EPS estimate also fell from CN¥0.31 per share to CN¥0.245 per share. Net income forecast to grow 158% next year vs 23% growth forecast for Luxury industry in China. Consensus price target up from CN¥20.74 to CN¥24.19. Share price rose 3.4% to CN¥26.95 over the past week.Reported Earnings • Apr 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥0.13 (down from CN¥0.17 in FY 2023). Revenue: CN¥1.48b (down 32% from FY 2023). Net income: CN¥53.0m (down 23% from FY 2023). Profit margin: 3.6% (up from 3.2% in FY 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.공시 • Apr 26DR Corporation Limited, Annual General Meeting, May 28, 2025DR Corporation Limited, Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Location: 3F, No. 18, Keji South Road, Nanshan District, Shenzhen, Guangdong ChinaNew Risk • Apr 07New 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 9.1% 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 Dividend is not well covered by earnings (dividend per share is over 13x earnings per share). Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results.공시 • Mar 31DR Corporation Limited to Report Q1, 2025 Results on Apr 26, 2025DR Corporation Limited announced that they will report Q1, 2025 results on Apr 26, 2025분석 기사 • Mar 14Subdued Growth No Barrier To DR Corporation Limited (SZSE:301177) With Shares Advancing 34%DR Corporation Limited ( SZSE:301177 ) shareholders have had their patience rewarded with a 34% share price jump in the...분석 기사 • Feb 14Is DR (SZSE:301177) Weighed On By Its Debt Load?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공시 • Dec 31DR Corporation Limited to Report Fiscal Year 2024 Results on Apr 26, 2025DR Corporation Limited announced that they will report fiscal year 2024 results on Apr 26, 2025분석 기사 • Dec 23There's Reason For Concern Over DR Corporation Limited's (SZSE:301177) PriceDR Corporation Limited's ( SZSE:301177 ) price-to-sales (or "P/S") ratio of 6.4x may look like a poor investment...Major Estimate Revision • Nov 05Consensus EPS estimates fall by 78%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.61b to CN¥1.50b. EPS estimate also fell from CN¥0.417 per share to CN¥0.09 per share. Net income forecast to grow 615% next year vs 33% growth forecast for Luxury industry in China. Consensus price target of CN¥20.74 unchanged from last update. Share price was steady at CN¥23.11 over the past week.Reported Earnings • Oct 30Third quarter 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.059 profit in 3Q 2023)Third quarter 2024 results: CN¥0.032 loss per share (down from CN¥0.059 profit in 3Q 2023). Revenue: CN¥333.1m (down 33% from 3Q 2023). Net loss: CN¥12.6m (down 161% from profit in 3Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.분석 기사 • Oct 29Is DR (SZSE:301177) Weighed On By Its Debt Load?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • Sep 30DR Corporation Limited to Report Q3, 2024 Results on Oct 30, 2024DR Corporation Limited announced that they will report Q3, 2024 results on Oct 30, 2024분석 기사 • Sep 05DR's (SZSE:301177) Shareholders Have More To Worry About Than Only Soft EarningsDR Corporation Limited's ( SZSE:301177 ) recent weak earnings report didn't cause a big stock movement. However, we...Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.11 loss in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.008 (up from CN¥0.11 loss in 2Q 2023). Revenue: CN¥352.1m (down 34% from 2Q 2023). Net income: CN¥3.35m (up CN¥50.9m from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.분석 기사 • Aug 30Subdued Growth No Barrier To DR Corporation Limited's (SZSE:301177) PriceDR Corporation Limited's ( SZSE:301177 ) price-to-sales (or "P/S") ratio of 4x may look like a poor investment...공시 • Jun 29DR Corporation Limited to Report First Half, 2024 Results on Aug 30, 2024DR Corporation Limited announced that they will report first half, 2024 results on Aug 30, 2024분석 기사 • Jun 16DR (SZSE:301177) Has Announced That Its Dividend Will Be Reduced To CN¥0.50DR Corporation Limited's ( SZSE:301177 ) dividend is being reduced from last year's payment covering the same period to...Declared Dividend • Jun 15Dividend reduced to CN¥0.50Dividend of CN¥0.50 is 50% lower than last year. Ex-date: 21st June 2024 Payment date: 21st June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments.공시 • Apr 29DR Corporation Limited, Annual General Meeting, May 28, 2024DR Corporation Limited, Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong ChinaReported Earnings • Apr 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.17 (down from CN¥1.82 in FY 2022). Revenue: CN¥2.18b (down 41% from FY 2022). Net income: CN¥69.0m (down 91% from FY 2022). Profit margin: 3.2% (down from 20% in FY 2022). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in China.공시 • Mar 30DR Corporation Limited to Report Q1, 2024 Results on Apr 27, 2024DR Corporation Limited announced that they will report Q1, 2024 results on Apr 27, 2024분석 기사 • Feb 26Is DR (SZSE:301177) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • Dec 29DR Corporation Limited to Report Fiscal Year 2023 Results on Apr 26, 2024DR Corporation Limited announced that they will report fiscal year 2023 results on Apr 26, 2024Major Estimate Revision • Nov 02Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.63b to CN¥3.40b. EPS estimate also fell from CN¥1.82 per share to CN¥1.39 per share. Net income forecast to grow 2,348% next year vs 43% growth forecast for Luxury industry in China. Consensus price target of CN¥40.35 unchanged from last update. Share price was steady at CN¥31.03 over the past week.New Risk • Oct 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 73% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 12x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.48 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.059 (down from CN¥0.48 in 3Q 2022). Revenue: CN¥500.2m (down 48% from 3Q 2022). Net income: CN¥20.7m (down 89% from 3Q 2022). Profit margin: 4.1% (down from 20% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China.공시 • Jun 13DR Corporation Limited Announces 2022 Cash Dividend (Tax Included), Payable on 20 June 2023DR Corporation Limited announced 2022 Cash dividend (tax included) of CNY 10.00000000 per 10 shares. The dividend will be payable on 20 June 2023 with Record date of 19 June 2023 and Ex-date of 20 June 2023.공시 • Jun 01Dr Corporation Limited Approves Cash Dividend for the Year 2022DR Corporation Limited approved cash dividend/10 shares (tax included) of CNY 10.00000000 at its Annual General Meeting held on 26 May 2023.Buying Opportunity • May 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be CN¥54.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last year. Earnings per share has declined by 69%. Revenue is forecast to grow by 104% in 2 years. Earnings is forecast to grow by 222% in the next 2 years.Board Change • May 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Employee Representative Supervisor Wanhong Wu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • May 08Price target decreased by 19% to CN¥57.62Down from CN¥70.94, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥42.29. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥3.35 for next year compared to CN¥1.82 last year.Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.94 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.94 in 1Q 2022). Revenue: CN¥705.0m (down 42% from 1Q 2022). Net income: CN¥100.9m (down 73% from 1Q 2022). Profit margin: 14% (down from 31% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Luxury industry in China.Buying Opportunity • Feb 06Now 20% undervaluedOver the last 90 days, the stock is up 25%. The fair value is estimated to be CN¥73.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 52% in 2 years. Earnings is forecast to grow by 56% in the next 2 years.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥62.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Luxury industry in China. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥80.46 per share.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥54.45, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Luxury industry in China.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Yingfeng Huang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥47.53, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Luxury industry in China.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.73 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.48 (down from CN¥0.73 in 3Q 2021). Revenue: CN¥957.7m (down 12% from 3Q 2021). Net income: CN¥194.0m (down 26% from 3Q 2021). Profit margin: 20% (down from 24% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China.Major Estimate Revision • Sep 07Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.88b to CN¥5.28b. EPS estimate fell from CN¥4.10 to CN¥3.66 per share. Net income forecast to grow 45% next year vs 34% growth forecast for Luxury industry in China. Consensus price target of CN¥70.94 unchanged from last update. Share price fell 3.7% to CN¥48.52 over the past week.Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥49.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Luxury industry in China.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥1.13 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.51 (down from CN¥1.13 in 2Q 2021). Revenue: CN¥864.1m (down 30% from 2Q 2021). Net income: CN¥202.7m (down 50% from 2Q 2021). Profit margin: 24% (down from 33% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 53%, compared to a 24% growth forecast for the Luxury industry in China.공시 • Jul 12DR Corporation Limited Announces Management ChangesDR Corporation Limited in its held its 2nd Extraordinary General Meeting of 2022 on 08 July 2022 approved the Election and nomination of non-independent directors, cumulative voting system applicable, Zhang Guotao, Lu Yiwen, Wei Qingxing, Huang Shuirong, Hu Xiaoming, Chen Qisheng and Election and nomination of independent directors, cumulative voting system applicable Li Yang, Liang Jun and Zhong Min and Election and nomination of non-employee supervisors, cumulative voting system applicable Huang Yingfeng and Shen Ai.Buying Opportunity • Jun 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥88.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.공시 • Jun 24DR Corporation Limited Announces Final Dividend on A Shares for 2021, Payable on 30 June 2022DR Corporation Limited announced final dividend of CNY 20.00000000 per 10 shares on A shares for 2021. Record date is 29 June 2022, Ex-date is 30 June 2022 and Payment date is 30 June 2022.Buying Opportunity • Jun 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥87.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥69.56, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Luxury industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥88.23 per share.공시 • May 24DR Corporation Limited Approves Cash Dividend for the Year 2021DR Corporation Limited at its Annual General Meeting held on 20 May 2022, approved the Cash dividend/10 shares (tax included) of CNY 20.00000000 for the year 2021.Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.94 (up from CN¥0.89 in 1Q 2021). Revenue: CN¥1.22b (up 13% from 1Q 2021). Net income: CN¥375.8m (up 17% from 1Q 2021). Profit margin: 31% (up from 30% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 37%, compared to a 24% growth forecast for the industry in China.Board Change • Apr 27High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Director Xiaoming Hu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 24DR Corporation Limited, Annual General Meeting, May 20, 2022DR Corporation Limited, Annual General Meeting, May 20, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 annual accounts; and to discuss other matters.공시 • Apr 23DR Corporation Limited Proposes Final Cash Dividend for the Year 2021DR Corporation Limited proposed final cash dividend per ten shares (tax included) of CNY 20.00000000 for the year 2021.Buying Opportunity • Mar 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 34%. The fair value is estimated to be CN¥106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% per annum over the last 3 years. Earnings per share has grown by 47% per annum over the last 3 years.Buying Opportunity • Mar 11Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% per annum over the last 3 years. Earnings per share has grown by 47% per annum over the last 3 years.Reported Earnings • Mar 04Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥3.62 (up from CN¥1.56 in FY 2020). Revenue: CN¥4.62b (up 88% from FY 2020). Net income: CN¥1.30b (up 131% from FY 2020). Profit margin: 28% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 52%, compared to a 44% growth forecast for the industry in China.이익 및 매출 성장 예측SZSE:301177 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,234291N/A387112/31/20271,814236N/A154212/31/20261,648190N/A29723/31/20261,474156-798-468N/A12/31/20251,520139-597-277N/A9/30/20251,527135-389-102N/A6/30/20251,49096-287-13N/A3/31/20251,464440270N/A12/31/20241,4825344316N/A9/30/20241,55015237273N/A6/30/20241,71748143184N/A3/31/20241,902-3-2227N/A12/31/20232,18069-4037N/A9/30/20232,38131-1398N/A6/30/20232,838204242391N/A3/31/20233,165454321482N/A12/31/20223,682729663818N/A9/30/20224,2551,0849611,117N/A6/30/20224,3881,1519691,098N/A3/31/20224,7591,3561,3741,489N/A12/31/20214,6231,3021,4401,544N/A9/30/20214,3771,243N/AN/AN/A6/30/20213,9491,1411,4961,553N/A3/31/20213,1318101,1961,250N/A12/31/20202,464563854894N/A12/31/20191,665264N/A357N/A12/31/20181,500273N/A185N/A12/31/20171,117250N/A219N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 301177 의 연간 예상 수익 증가율(22.1%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 301177 의 연간 수익(22.1%)이 CN 시장(27%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 301177 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 301177 의 수익(연간 14%)이 CN 시장(연간 16%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 301177 의 수익(연간 14%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 301177의 자본 수익률은 3년 후 3.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 08:30종가2026/05/22 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 소스DR Corporation Limited는 6명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Runbo YangChina International Capital Corporation LimitedLiting WangHaitong International Research LimitedJunhao FanHuatai Research3명의 분석가 더 보기
Major Estimate Revision • May 07Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.47b to CN¥1.37b. EPS estimate also fell from CN¥0.31 per share to CN¥0.245 per share. Net income forecast to grow 158% next year vs 23% growth forecast for Luxury industry in China. Consensus price target up from CN¥20.74 to CN¥24.19. Share price rose 3.4% to CN¥26.95 over the past week.
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 78%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.61b to CN¥1.50b. EPS estimate also fell from CN¥0.417 per share to CN¥0.09 per share. Net income forecast to grow 615% next year vs 33% growth forecast for Luxury industry in China. Consensus price target of CN¥20.74 unchanged from last update. Share price was steady at CN¥23.11 over the past week.
Major Estimate Revision • Nov 02Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.63b to CN¥3.40b. EPS estimate also fell from CN¥1.82 per share to CN¥1.39 per share. Net income forecast to grow 2,348% next year vs 43% growth forecast for Luxury industry in China. Consensus price target of CN¥40.35 unchanged from last update. Share price was steady at CN¥31.03 over the past week.
Price Target Changed • May 08Price target decreased by 19% to CN¥57.62Down from CN¥70.94, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥42.29. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥3.35 for next year compared to CN¥1.82 last year.
Major Estimate Revision • Sep 07Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.88b to CN¥5.28b. EPS estimate fell from CN¥4.10 to CN¥3.66 per share. Net income forecast to grow 45% next year vs 34% growth forecast for Luxury industry in China. Consensus price target of CN¥70.94 unchanged from last update. Share price fell 3.7% to CN¥48.52 over the past week.
Reported Earnings • Apr 29First quarter 2026 earnings released: EPS: CN¥0.09 (vs CN¥0.05 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.09 (up from CN¥0.05 in 1Q 2025). Revenue: CN¥361.3m (down 11% from 1Q 2025). Net income: CN¥37.6m (up 81% from 1Q 2025). Profit margin: 10% (up from 5.1% in 1Q 2025). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 30% 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.
공시 • Apr 28DR Corporation Limited, Annual General Meeting, May 19, 2026DR Corporation Limited, Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 3F, No. 18, Keji South Road, Nanshan District, Shenzhen, Guangdong China
공시 • Mar 31DR Corporation Limited to Report Q1, 2026 Results on Apr 28, 2026DR Corporation Limited announced that they will report Q1, 2026 results on Apr 28, 2026
New Risk • Feb 02New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Paying a dividend despite having no free cash flows. High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
Board Change • Jan 16High number of new directorsNon-Independent Director Lei He was the last director to join the board, commencing their role in 2026.
공시 • Jan 15DR Corporation Limited Approves Board ElectionsDR Corporation Limited at its Extraordinary General Meeting held on 13 January 2026 approved the election of He Lei as non-independent director. The company approved the election of Wang Yajin and Zhao Dongping as independent director.
공시 • Dec 31DR Corporation Limited to Report Fiscal Year 2025 Results on Apr 27, 2026DR Corporation Limited announced that they will report fiscal year 2025 results on Apr 27, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.032 loss in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.069 (up from CN¥0.032 loss in 3Q 2024). Revenue: CN¥370.3m (up 11% from 3Q 2024). Net income: CN¥26.5m (up CN¥39.2m from 3Q 2024). Profit margin: 7.2% (up from net loss in 3Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance.
공시 • Sep 30DR Corporation Limited to Report Q3, 2025 Results on Oct 30, 2025DR Corporation Limited announced that they will report Q3, 2025 results on Oct 30, 2025
New Risk • Sep 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 209% Paying a dividend despite having no free cash flows. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).
공시 • Jul 02DR Corporation Limited to Report First Half, 2025 Results on Aug 29, 2025DR Corporation Limited announced that they will report first half, 2025 results on Aug 29, 2025
Declared Dividend • Jun 25Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 1.7%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (459% earnings payout ratio) nor is it covered by cash flows (dividend approximately 755x free cash flows). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 410% to bring the payout ratio under control. EPS is expected to grow by 144% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • May 30DR Corporation Limited Approves Cash Dividend for 2024DR Corporation Limited, at the AGM held on 28 May 2025 approved Cash dividend/10 shares (tax included) of CNY 5.00000000 for 2024.
New Risk • May 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 459% Dividend per share is over 755x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results.
Major Estimate Revision • May 07Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.47b to CN¥1.37b. EPS estimate also fell from CN¥0.31 per share to CN¥0.245 per share. Net income forecast to grow 158% next year vs 23% growth forecast for Luxury industry in China. Consensus price target up from CN¥20.74 to CN¥24.19. Share price rose 3.4% to CN¥26.95 over the past week.
Reported Earnings • Apr 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥0.13 (down from CN¥0.17 in FY 2023). Revenue: CN¥1.48b (down 32% from FY 2023). Net income: CN¥53.0m (down 23% from FY 2023). Profit margin: 3.6% (up from 3.2% in FY 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
공시 • Apr 26DR Corporation Limited, Annual General Meeting, May 28, 2025DR Corporation Limited, Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Location: 3F, No. 18, Keji South Road, Nanshan District, Shenzhen, Guangdong China
New Risk • Apr 07New 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 9.1% 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 Dividend is not well covered by earnings (dividend per share is over 13x earnings per share). Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results.
공시 • Mar 31DR Corporation Limited to Report Q1, 2025 Results on Apr 26, 2025DR Corporation Limited announced that they will report Q1, 2025 results on Apr 26, 2025
분석 기사 • Mar 14Subdued Growth No Barrier To DR Corporation Limited (SZSE:301177) With Shares Advancing 34%DR Corporation Limited ( SZSE:301177 ) shareholders have had their patience rewarded with a 34% share price jump in the...
분석 기사 • Feb 14Is DR (SZSE:301177) Weighed On By Its Debt Load?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공시 • Dec 31DR Corporation Limited to Report Fiscal Year 2024 Results on Apr 26, 2025DR Corporation Limited announced that they will report fiscal year 2024 results on Apr 26, 2025
분석 기사 • Dec 23There's Reason For Concern Over DR Corporation Limited's (SZSE:301177) PriceDR Corporation Limited's ( SZSE:301177 ) price-to-sales (or "P/S") ratio of 6.4x may look like a poor investment...
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 78%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.61b to CN¥1.50b. EPS estimate also fell from CN¥0.417 per share to CN¥0.09 per share. Net income forecast to grow 615% next year vs 33% growth forecast for Luxury industry in China. Consensus price target of CN¥20.74 unchanged from last update. Share price was steady at CN¥23.11 over the past week.
Reported Earnings • Oct 30Third quarter 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.059 profit in 3Q 2023)Third quarter 2024 results: CN¥0.032 loss per share (down from CN¥0.059 profit in 3Q 2023). Revenue: CN¥333.1m (down 33% from 3Q 2023). Net loss: CN¥12.6m (down 161% from profit in 3Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.
분석 기사 • Oct 29Is DR (SZSE:301177) Weighed On By Its Debt Load?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • Sep 30DR Corporation Limited to Report Q3, 2024 Results on Oct 30, 2024DR Corporation Limited announced that they will report Q3, 2024 results on Oct 30, 2024
분석 기사 • Sep 05DR's (SZSE:301177) Shareholders Have More To Worry About Than Only Soft EarningsDR Corporation Limited's ( SZSE:301177 ) recent weak earnings report didn't cause a big stock movement. However, we...
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.11 loss in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.008 (up from CN¥0.11 loss in 2Q 2023). Revenue: CN¥352.1m (down 34% from 2Q 2023). Net income: CN¥3.35m (up CN¥50.9m from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China.
분석 기사 • Aug 30Subdued Growth No Barrier To DR Corporation Limited's (SZSE:301177) PriceDR Corporation Limited's ( SZSE:301177 ) price-to-sales (or "P/S") ratio of 4x may look like a poor investment...
공시 • Jun 29DR Corporation Limited to Report First Half, 2024 Results on Aug 30, 2024DR Corporation Limited announced that they will report first half, 2024 results on Aug 30, 2024
분석 기사 • Jun 16DR (SZSE:301177) Has Announced That Its Dividend Will Be Reduced To CN¥0.50DR Corporation Limited's ( SZSE:301177 ) dividend is being reduced from last year's payment covering the same period to...
Declared Dividend • Jun 15Dividend reduced to CN¥0.50Dividend of CN¥0.50 is 50% lower than last year. Ex-date: 21st June 2024 Payment date: 21st June 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments.
공시 • Apr 29DR Corporation Limited, Annual General Meeting, May 28, 2024DR Corporation Limited, Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
Reported Earnings • Apr 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.17 (down from CN¥1.82 in FY 2022). Revenue: CN¥2.18b (down 41% from FY 2022). Net income: CN¥69.0m (down 91% from FY 2022). Profit margin: 3.2% (down from 20% in FY 2022). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in China.
공시 • Mar 30DR Corporation Limited to Report Q1, 2024 Results on Apr 27, 2024DR Corporation Limited announced that they will report Q1, 2024 results on Apr 27, 2024
분석 기사 • Feb 26Is DR (SZSE:301177) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • Dec 29DR Corporation Limited to Report Fiscal Year 2023 Results on Apr 26, 2024DR Corporation Limited announced that they will report fiscal year 2023 results on Apr 26, 2024
Major Estimate Revision • Nov 02Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.63b to CN¥3.40b. EPS estimate also fell from CN¥1.82 per share to CN¥1.39 per share. Net income forecast to grow 2,348% next year vs 43% growth forecast for Luxury industry in China. Consensus price target of CN¥40.35 unchanged from last update. Share price was steady at CN¥31.03 over the past week.
New Risk • Oct 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 73% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 12x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.48 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.059 (down from CN¥0.48 in 3Q 2022). Revenue: CN¥500.2m (down 48% from 3Q 2022). Net income: CN¥20.7m (down 89% from 3Q 2022). Profit margin: 4.1% (down from 20% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China.
공시 • Jun 13DR Corporation Limited Announces 2022 Cash Dividend (Tax Included), Payable on 20 June 2023DR Corporation Limited announced 2022 Cash dividend (tax included) of CNY 10.00000000 per 10 shares. The dividend will be payable on 20 June 2023 with Record date of 19 June 2023 and Ex-date of 20 June 2023.
공시 • Jun 01Dr Corporation Limited Approves Cash Dividend for the Year 2022DR Corporation Limited approved cash dividend/10 shares (tax included) of CNY 10.00000000 at its Annual General Meeting held on 26 May 2023.
Buying Opportunity • May 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be CN¥54.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last year. Earnings per share has declined by 69%. Revenue is forecast to grow by 104% in 2 years. Earnings is forecast to grow by 222% in the next 2 years.
Board Change • May 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Employee Representative Supervisor Wanhong Wu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • May 08Price target decreased by 19% to CN¥57.62Down from CN¥70.94, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥42.29. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥3.35 for next year compared to CN¥1.82 last year.
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.94 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.94 in 1Q 2022). Revenue: CN¥705.0m (down 42% from 1Q 2022). Net income: CN¥100.9m (down 73% from 1Q 2022). Profit margin: 14% (down from 31% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Luxury industry in China.
Buying Opportunity • Feb 06Now 20% undervaluedOver the last 90 days, the stock is up 25%. The fair value is estimated to be CN¥73.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 52% in 2 years. Earnings is forecast to grow by 56% in the next 2 years.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥62.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Luxury industry in China. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥80.46 per share.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥54.45, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Luxury industry in China.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Yingfeng Huang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥47.53, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Luxury industry in China.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.73 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.48 (down from CN¥0.73 in 3Q 2021). Revenue: CN¥957.7m (down 12% from 3Q 2021). Net income: CN¥194.0m (down 26% from 3Q 2021). Profit margin: 20% (down from 24% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China.
Major Estimate Revision • Sep 07Consensus revenue estimates fall by 10%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.88b to CN¥5.28b. EPS estimate fell from CN¥4.10 to CN¥3.66 per share. Net income forecast to grow 45% next year vs 34% growth forecast for Luxury industry in China. Consensus price target of CN¥70.94 unchanged from last update. Share price fell 3.7% to CN¥48.52 over the past week.
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥49.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Luxury industry in China.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥1.13 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.51 (down from CN¥1.13 in 2Q 2021). Revenue: CN¥864.1m (down 30% from 2Q 2021). Net income: CN¥202.7m (down 50% from 2Q 2021). Profit margin: 24% (down from 33% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 53%, compared to a 24% growth forecast for the Luxury industry in China.
공시 • Jul 12DR Corporation Limited Announces Management ChangesDR Corporation Limited in its held its 2nd Extraordinary General Meeting of 2022 on 08 July 2022 approved the Election and nomination of non-independent directors, cumulative voting system applicable, Zhang Guotao, Lu Yiwen, Wei Qingxing, Huang Shuirong, Hu Xiaoming, Chen Qisheng and Election and nomination of independent directors, cumulative voting system applicable Li Yang, Liang Jun and Zhong Min and Election and nomination of non-employee supervisors, cumulative voting system applicable Huang Yingfeng and Shen Ai.
Buying Opportunity • Jun 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥88.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.
공시 • Jun 24DR Corporation Limited Announces Final Dividend on A Shares for 2021, Payable on 30 June 2022DR Corporation Limited announced final dividend of CNY 20.00000000 per 10 shares on A shares for 2021. Record date is 29 June 2022, Ex-date is 30 June 2022 and Payment date is 30 June 2022.
Buying Opportunity • Jun 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥87.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 63% in the next 2 years.
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥69.56, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Luxury industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥88.23 per share.
공시 • May 24DR Corporation Limited Approves Cash Dividend for the Year 2021DR Corporation Limited at its Annual General Meeting held on 20 May 2022, approved the Cash dividend/10 shares (tax included) of CNY 20.00000000 for the year 2021.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.94 (up from CN¥0.89 in 1Q 2021). Revenue: CN¥1.22b (up 13% from 1Q 2021). Net income: CN¥375.8m (up 17% from 1Q 2021). Profit margin: 31% (up from 30% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 37%, compared to a 24% growth forecast for the industry in China.
Board Change • Apr 27High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Director Xiaoming Hu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 24DR Corporation Limited, Annual General Meeting, May 20, 2022DR Corporation Limited, Annual General Meeting, May 20, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 annual accounts; and to discuss other matters.
공시 • Apr 23DR Corporation Limited Proposes Final Cash Dividend for the Year 2021DR Corporation Limited proposed final cash dividend per ten shares (tax included) of CNY 20.00000000 for the year 2021.
Buying Opportunity • Mar 28Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 34%. The fair value is estimated to be CN¥106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% per annum over the last 3 years. Earnings per share has grown by 47% per annum over the last 3 years.
Buying Opportunity • Mar 11Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% per annum over the last 3 years. Earnings per share has grown by 47% per annum over the last 3 years.
Reported Earnings • Mar 04Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥3.62 (up from CN¥1.56 in FY 2020). Revenue: CN¥4.62b (up 88% from FY 2020). Net income: CN¥1.30b (up 131% from FY 2020). Profit margin: 28% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 52%, compared to a 44% growth forecast for the industry in China.