View ValuationDashang 향후 성장Future 기준 점검 1/6Dashang은 연간 수입과 매출이 각각 13.4%와 6.5% 증가할 것으로 예상되고 EPS는 연간 13.5%만큼 증가할 것으로 예상됩니다.핵심 정보13.4%이익 성장률13.51%EPS 성장률Multiline Retail 이익 성장41.1%매출 성장률6.5%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Yanjun Xie was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 24Dashang Co., Ltd., Annual General Meeting, May 15, 2026Dashang Co., Ltd., Annual General Meeting, May 15, 2026, at 09:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning China공시 • Mar 30Dashang Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Dashang Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026공시 • Dec 26Dashang Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Dashang Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026공시 • Sep 30Dashang Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Dashang Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025공시 • Jun 30Dashang Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Dashang Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025공시 • Apr 26Dashang Co., Ltd., Annual General Meeting, May 16, 2025Dashang Co., Ltd., Annual General Meeting, May 16, 2025, at 09:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning China공시 • Mar 28Dashang Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025공시 • Dec 27Dashang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥1.62b (down 4.6% from 3Q 2023). Net income: CN¥87.3m (down 8.2% from 3Q 2023). Profit margin: 5.4% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Sep 30Dashang Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024Dashang Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Multiline Retail industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.13 per share.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.45 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥1.58b (down 7.6% from 2Q 2023). Net income: CN¥180.8m (up 28% from 2Q 2023). Profit margin: 12% (up from 8.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공시 • Jun 28Dashang Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Dashang Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (10.0% increase in shares outstanding).Declared Dividend • Jun 06Dividend increased to CN¥1.00Dividend of CN¥1.00 is 100% higher than last year. Ex-date: 11th June 2024 Payment date: 11th June 2024 Dividend yield will be 5.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 15Full year 2023 earnings released: EPS: CN¥1.77 (vs CN¥1.93 in FY 2022)Full year 2023 results: EPS: CN¥1.77 (down from CN¥1.93 in FY 2022). Revenue: CN¥7.33b (flat on FY 2022). Net income: CN¥505.1m (down 8.0% from FY 2022). Profit margin: 6.9% (down from 7.5% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공시 • Apr 13Dashang Co., Ltd., Annual General Meeting, May 08, 2024Dashang Co., Ltd., Annual General Meeting, May 08, 2024, at 09:00 China Standard Time.공시 • Mar 29Dashang Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Dashang Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥14.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Multiline Retail industry in China. Total loss to shareholders of 8.9% over the past three years.공시 • Dec 29Dashang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024Dashang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.28 in 3Q 2022). Revenue: CN¥1.70b (down 11% from 3Q 2022). Net income: CN¥95.1m (up 19% from 3Q 2022). Profit margin: 5.6% (up from 4.2% in 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.공시 • Sep 30Dashang Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023Dashang Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.68 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.50 (down from CN¥0.68 in 2Q 2022). Revenue: CN¥1.70b (up 5.4% from 2Q 2022). Net income: CN¥140.9m (down 27% from 2Q 2022). Profit margin: 8.3% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Reported Earnings • Apr 06Full year 2022 earnings released: EPS: CN¥1.93 (vs CN¥2.64 in FY 2021)Full year 2022 results: EPS: CN¥1.93 (down from CN¥2.64 in FY 2021). Revenue: CN¥7.28b (down 13% from FY 2021). Net income: CN¥549.2m (down 28% from FY 2021). Profit margin: 7.5% (down from 9.1% in FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.54 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.54 in 3Q 2021). Revenue: CN¥1.91b (up 8.1% from 3Q 2021). Net income: CN¥80.2m (down 47% from 3Q 2021). Profit margin: 4.2% (down from 8.6% in 3Q 2021). Revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.72 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (down from CN¥0.72 in 2Q 2021). Revenue: CN¥1.62b (down 15% from 2Q 2021). Net income: CN¥191.9m (down 7.8% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.4% compared to a 142% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Apr 10Full year 2021 earnings released: EPS: CN¥2.44 (vs CN¥1.70 in FY 2020)Full year 2021 results: EPS: CN¥2.44 (up from CN¥1.70 in FY 2020). Revenue: CN¥7.93b (down 2.3% from FY 2020). Net income: CN¥702.2m (up 41% from FY 2020). Profit margin: 8.9% (up from 6.2% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the retail industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.54 (vs CN¥0.60 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥1.77b (down 12% from 3Q 2020). Net income: CN¥152.5m (down 6.1% from 3Q 2020). Profit margin: 8.6% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.75 in 2Q 2020)The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.91b (flat on 2Q 2020). Net income: CN¥208.0m (down 7.2% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.99 (vs CN¥0.19 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.46b (up 19% from 1Q 2020). Net income: CN¥289.6m (up 432% from 1Q 2020). Profit margin: 12% (up from 2.6% 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 21% per year whereas the company’s share price has fallen by 17% per year.Reported Earnings • Apr 17Full year 2020 earnings released: EPS CN¥1.70 (vs CN¥3.04 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥8.12b (down 63% from FY 2019). Net income: CN¥499.4m (down 44% from FY 2019). Profit margin: 6.2% (up from 4.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Jan 25New 90-day low: CN¥18.71The company is down 18% from its price of CN¥22.83 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 16% over the same period.Is New 90 Day High Low • Jan 07New 90-day low: CN¥19.45The company is down 18% from its price of CN¥23.64 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 13% over the same period.Is New 90 Day High Low • Dec 18New 90-day low: CN¥20.67The company is down 16% from its price of CN¥24.64 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 12% over the same period.Is New 90 Day High Low • Dec 03New 90-day low: CN¥22.54The company is down 10.0% from its price of CN¥24.95 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 12% over the same period.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥497.9m, down 52% from the prior year. Total revenue was CN¥11.1b over the last 12 months, down 50% from the prior year.Is New 90 Day High Low • Oct 21New 90-day low: CN¥23.20The company is down 18% from its price of CN¥28.41 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 15% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: CN¥23.30The company is down 2.0% from its price of CN¥23.75 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 9.0% over the same period.이익 및 매출 성장 예측XSSC:600694 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20277,040630N/A1,180212/31/20266,939543N/A3,57013/31/20266,253500602677N/A12/31/20256,202491371461N/A9/30/20256,493500707814N/A6/30/20256,697526865978N/A3/31/20256,781588523625N/A12/31/20246,9495869591,076N/A9/30/20246,944586812899N/A6/30/20247,021594644735N/A3/31/20247,1515541,5911,663N/A12/31/20237,3315051,6121,648N/A9/30/20237,2234931,0171,057N/A6/30/20237,2244571,0961,131N/A3/31/20237,2205131,1931,230N/A12/31/20227,277549668716N/A9/30/20227,6205701,2441,351N/A6/30/20228,0237091,0601,179N/A3/31/20228,235720304433N/A12/31/20218,368760653775N/A9/30/20218,610754152237N/A6/30/20218,524718575654N/A3/31/20218,512735-271-200N/A12/31/20208,117499-183-96N/A9/30/202011,123498281400N/A6/30/202014,086539-19120N/A3/31/202017,4585601,0041,156N/A12/31/201921,888893N/A998N/A9/30/201922,2411,039N/A846N/A6/30/201922,6331,009N/A233N/A3/31/201923,2211,024N/A34N/A12/31/201823,867988N/A164N/A9/30/201824,8071,015N/A-852N/A6/30/201825,677969N/A407N/A3/31/201826,163899N/A938N/A12/31/201726,744877N/A198N/A9/30/201726,785701N/A1,259N/A6/30/201727,062710N/A1,117N/A3/31/201727,268738N/A1,589N/A12/31/201628,088703N/A2,014N/A9/30/201628,775674N/A1,763N/A6/30/201629,394559N/A2,032N/A3/31/201630,239664N/A1,459N/A12/31/201530,832662N/A1,300N/A9/30/201531,438835N/A1,152N/A6/30/201531,7431,093N/A1,110N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600694 의 연간 예상 수익 증가율(13.4%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 600694 의 연간 수익(13.4%)이 CN 시장(27.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 600694 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 600694 의 수익(연간 6.5%)이 CN 시장(연간 16.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 600694 의 수익(연간 6.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600694의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 11:16종가2026/05/22 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 소스Dashang Co., Ltd.는 6명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zhuonan XuChina International Capital Corporation LimitedYifan DuCitic Securities Co., Ltd.Caroline LiGoldman Sachs3명의 분석가 더 보기
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Yanjun Xie was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 24Dashang Co., Ltd., Annual General Meeting, May 15, 2026Dashang Co., Ltd., Annual General Meeting, May 15, 2026, at 09:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning China
공시 • Mar 30Dashang Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Dashang Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
공시 • Dec 26Dashang Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Dashang Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
공시 • Sep 30Dashang Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Dashang Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
공시 • Jun 30Dashang Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Dashang Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
공시 • Apr 26Dashang Co., Ltd., Annual General Meeting, May 16, 2025Dashang Co., Ltd., Annual General Meeting, May 16, 2025, at 09:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning China
공시 • Mar 28Dashang Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
공시 • Dec 27Dashang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥1.62b (down 4.6% from 3Q 2023). Net income: CN¥87.3m (down 8.2% from 3Q 2023). Profit margin: 5.4% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Sep 30Dashang Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024Dashang Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Multiline Retail industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.13 per share.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.45 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥1.58b (down 7.6% from 2Q 2023). Net income: CN¥180.8m (up 28% from 2Q 2023). Profit margin: 12% (up from 8.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공시 • Jun 28Dashang Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Dashang Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (10.0% increase in shares outstanding).
Declared Dividend • Jun 06Dividend increased to CN¥1.00Dividend of CN¥1.00 is 100% higher than last year. Ex-date: 11th June 2024 Payment date: 11th June 2024 Dividend yield will be 5.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 15Full year 2023 earnings released: EPS: CN¥1.77 (vs CN¥1.93 in FY 2022)Full year 2023 results: EPS: CN¥1.77 (down from CN¥1.93 in FY 2022). Revenue: CN¥7.33b (flat on FY 2022). Net income: CN¥505.1m (down 8.0% from FY 2022). Profit margin: 6.9% (down from 7.5% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • Apr 13Dashang Co., Ltd., Annual General Meeting, May 08, 2024Dashang Co., Ltd., Annual General Meeting, May 08, 2024, at 09:00 China Standard Time.
공시 • Mar 29Dashang Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Dashang Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥14.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Multiline Retail industry in China. Total loss to shareholders of 8.9% over the past three years.
공시 • Dec 29Dashang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024Dashang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.28 in 3Q 2022). Revenue: CN¥1.70b (down 11% from 3Q 2022). Net income: CN¥95.1m (up 19% from 3Q 2022). Profit margin: 5.6% (up from 4.2% in 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.
공시 • Sep 30Dashang Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023Dashang Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.68 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.50 (down from CN¥0.68 in 2Q 2022). Revenue: CN¥1.70b (up 5.4% from 2Q 2022). Net income: CN¥140.9m (down 27% from 2Q 2022). Profit margin: 8.3% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Apr 06Full year 2022 earnings released: EPS: CN¥1.93 (vs CN¥2.64 in FY 2021)Full year 2022 results: EPS: CN¥1.93 (down from CN¥2.64 in FY 2021). Revenue: CN¥7.28b (down 13% from FY 2021). Net income: CN¥549.2m (down 28% from FY 2021). Profit margin: 7.5% (down from 9.1% in FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.54 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.54 in 3Q 2021). Revenue: CN¥1.91b (up 8.1% from 3Q 2021). Net income: CN¥80.2m (down 47% from 3Q 2021). Profit margin: 4.2% (down from 8.6% in 3Q 2021). Revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.72 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (down from CN¥0.72 in 2Q 2021). Revenue: CN¥1.62b (down 15% from 2Q 2021). Net income: CN¥191.9m (down 7.8% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.4% compared to a 142% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Apr 10Full year 2021 earnings released: EPS: CN¥2.44 (vs CN¥1.70 in FY 2020)Full year 2021 results: EPS: CN¥2.44 (up from CN¥1.70 in FY 2020). Revenue: CN¥7.93b (down 2.3% from FY 2020). Net income: CN¥702.2m (up 41% from FY 2020). Profit margin: 8.9% (up from 6.2% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the retail industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.54 (vs CN¥0.60 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥1.77b (down 12% from 3Q 2020). Net income: CN¥152.5m (down 6.1% from 3Q 2020). Profit margin: 8.6% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.75 in 2Q 2020)The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.91b (flat on 2Q 2020). Net income: CN¥208.0m (down 7.2% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.99 (vs CN¥0.19 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.46b (up 19% from 1Q 2020). Net income: CN¥289.6m (up 432% from 1Q 2020). Profit margin: 12% (up from 2.6% 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 21% per year whereas the company’s share price has fallen by 17% per year.
Reported Earnings • Apr 17Full year 2020 earnings released: EPS CN¥1.70 (vs CN¥3.04 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥8.12b (down 63% from FY 2019). Net income: CN¥499.4m (down 44% from FY 2019). Profit margin: 6.2% (up from 4.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Jan 25New 90-day low: CN¥18.71The company is down 18% from its price of CN¥22.83 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 16% over the same period.
Is New 90 Day High Low • Jan 07New 90-day low: CN¥19.45The company is down 18% from its price of CN¥23.64 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 13% over the same period.
Is New 90 Day High Low • Dec 18New 90-day low: CN¥20.67The company is down 16% from its price of CN¥24.64 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 12% over the same period.
Is New 90 Day High Low • Dec 03New 90-day low: CN¥22.54The company is down 10.0% from its price of CN¥24.95 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 12% over the same period.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥497.9m, down 52% from the prior year. Total revenue was CN¥11.1b over the last 12 months, down 50% from the prior year.
Is New 90 Day High Low • Oct 21New 90-day low: CN¥23.20The company is down 18% from its price of CN¥28.41 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 15% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: CN¥23.30The company is down 2.0% from its price of CN¥23.75 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 9.0% over the same period.