Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.02 (up from CN¥0.99 in FY 2024). Revenue: CN¥13.0b (up 2.8% from FY 2024). Net income: CN¥1.08b (up 3.2% from FY 2024). Profit margin: 8.3% (up from 8.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 14
Price target increased by 11% to CN¥17.76 Up from CN¥15.94, the current price target is provided by 1 analyst. New target price is 47% above last closing price of CN¥12.06. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of CN¥1.10 for next year compared to CN¥0.99 last year. Announcement • Mar 31
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.16 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.22 (up from CN¥0.16 in 3Q 2024). Revenue: CN¥2.99b (flat on 3Q 2024). Net income: CN¥233.3m (up 33% from 3Q 2024). Profit margin: 7.8% (up from 5.8% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q3, 2025 Results on Oct 25, 2025 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Building industry in China. Total loss to shareholders of 6.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.26 per share. Buy Or Sell Opportunity • Sep 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to CN¥12.39. The fair value is estimated to be CN¥10.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.25 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.25 in 2Q 2024). Revenue: CN¥3.71b (flat on 2Q 2024). Net income: CN¥317.7m (up 20% from 2Q 2024). Profit margin: 8.6% (up from 7.1% in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Zhejiang Dun'an Artificial Environment Co., Ltd to Report First Half, 2025 Results on Aug 23, 2025 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Jun 21
Zhejiang Dun'an Artificial Environment Co., Ltd Approves Board Elections Zhejiang Dun'an Artificial Environment Co. Ltd. at its AGM held on June 19, 2025 approved election of Zhang Zhouhu and Zhang Xiuping as non-independent directors and Hu Jiewu and Yan Hong as independent directors. Announcement • May 29
Zhejiang Dun'an Artificial Environment Co., Ltd, Annual General Meeting, Jun 19, 2025 Zhejiang Dun'an Artificial Environment Co., Ltd, Annual General Meeting, Jun 19, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China Reported Earnings • Apr 19
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.99 (up from CN¥0.70 in FY 2023). Revenue: CN¥12.7b (up 11% from FY 2023). Net income: CN¥1.04b (up 42% from FY 2023). Profit margin: 8.2% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Announcement • Mar 31
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q1, 2025 Results on Apr 26, 2025 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.20 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.20 in 3Q 2023). Revenue: CN¥2.99b (up 4.1% from 3Q 2023). Net income: CN¥174.9m (down 17% from 3Q 2023). Profit margin: 5.8% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q3, 2024 Results on Oct 26, 2024 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥11.92, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Building industry in China. Total returns to shareholders of 80% over the past three years. Price Target Changed • Aug 28
Price target decreased by 8.3% to CN¥15.31 Down from CN¥16.69, the current price target is an average from 3 analysts. New target price is 53% above last closing price of CN¥10.02. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.70 last year. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.16 in 2Q 2023). Revenue: CN¥3.72b (up 19% from 2Q 2023). Net income: CN¥265.5m (up 60% from 2Q 2023). Profit margin: 7.1% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 23
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to CN¥10.06. The fair value is estimated to be CN¥8.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 54% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.49 per share. Announcement • Jun 29
Zhejiang Dun'an Artificial Environment Co., Ltd to Report First Half, 2024 Results on Aug 28, 2024 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.70 (vs CN¥0.91 in FY 2022) Full year 2023 results: EPS: CN¥0.70 (down from CN¥0.91 in FY 2022). Revenue: CN¥11.4b (up 12% from FY 2022). Net income: CN¥738.0m (down 12% from FY 2022). Profit margin: 6.5% (down from 8.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Apr 20
Zhejiang Dun'an Artificial Environment Co., Ltd, Annual General Meeting, May 10, 2024 Zhejiang Dun'an Artificial Environment Co., Ltd, Annual General Meeting, May 10, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China Announcement • Mar 30
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q1, 2024 Results on Apr 19, 2024 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q1, 2024 results on Apr 19, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.87, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 215% over the past three years. Announcement • Dec 29
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Fiscal Year 2023 Results on Apr 19, 2024 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report fiscal year 2023 results on Apr 19, 2024 Price Target Changed • Nov 04
Price target decreased by 15% to CN¥14.48 Down from CN¥17.10, the current price target is an average from 2 analysts. New target price is 21% above last closing price of CN¥12.01. Stock is down 16% over the past year. The company is forecast to post earnings per share of CN¥0.67 for next year compared to CN¥0.91 last year. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥12.07, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Building industry in China. Total returns to shareholders of 218% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥2.87b (up 21% from 3Q 2022). Net income: CN¥211.1m (up 94% from 3Q 2022). Profit margin: 7.3% (up from 4.6% in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Oct 01
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 94% 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: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.57 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.57 in 2Q 2022). Revenue: CN¥3.13b (up 9.3% from 2Q 2022). Net income: CN¥166.3m (down 67% from 2Q 2022). Profit margin: 5.3% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: CN¥0.91 (vs CN¥0.44 in FY 2021) Full year 2022 results: EPS: CN¥0.91 (up from CN¥0.44 in FY 2021). Revenue: CN¥10.1b (up 3.1% from FY 2021). Net income: CN¥839.0m (up 107% from FY 2021). Profit margin: 8.3% (up from 4.1% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Feb 03
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥10.5b to CN¥10.1b. EPS estimate also fell from CN¥1.01 per share to CN¥0.823 per share. Net income forecast to shrink 1.7% next year vs 35% growth forecast for Building industry in China . Consensus price target of CN¥17.20 unchanged from last update. Share price rose 11% to CN¥16.00 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. President & Director Jianjun Li is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥14.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Building industry in China. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.45 per share. Announcement • Oct 28
Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651) completed the acquisition of a 29.8% stake in Zhejiang Dun'an Artificial Environment Co., Ltd from Zhejiang DunAn Jinggong Group Co., Ltd. Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651) signed a share transfer agreement to acquire 29.48% stake in Zhejiang Dun'an Artificial Environment Co., Ltd (SZSE:002011) from Zhejiang DunAn Jinggong Group Co., Ltd. for CNY 2.2 billion on November 16, 2021. As per terms, Gree Electric Appliances, Inc. of Zhuhai shall acquire 270.36 million shares at CNY 8.10 per share. In a related transaction, Gree Electric Appliances will acquire 139.4 million shares in a private placement transaction. After the share transfer and private placement, Gree Electric Appliances, Inc. of Zhuhai will hold 409,774,802 shares, 38.78% stake. The transaction has been approved in the 17th Meeting of 7th Directorate and the 15th Meeting of the 7th Supervisory Board of Zhejiang Dun'an Artificial and is subject to the approvals of its shareholders and the China Securities Regulatory Commission and the State Administration for Market Regulation’s Anti-Monopoly Review of Concentration of Business Operators. The proceeds will be used as a supplement working capital and repayment of bank loans. Huatai United Securities Co., Ltd. acted as financial advisor and Fangda Partners acted as legal advisor to Zhejiang Dun'an Artificial Environment.
Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651) completed the acquisition of a 29.8% stake in Zhejiang Dun'an Artificial Environment Co., Ltd from Zhejiang DunAn Jinggong Group Co., Ltd. on April 27, 2022. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.09 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.09 in 3Q 2021). Revenue: CN¥2.38b (up 1.8% from 3Q 2021). Net income: CN¥109.1m (up 31% from 3Q 2021). Profit margin: 4.6% (up from 3.6% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be CN¥18.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 6.6% in the next 2 years. Buying Opportunity • Sep 15
Now 24% undervalued Over the last 90 days, the stock is up 49%. The fair value is estimated to be CN¥20.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 2.4% in the next 2 years. Buying Opportunity • Aug 31
Now 22% undervalued Over the last 90 days, the stock is up 57%. The fair value is estimated to be CN¥19.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 2.4% in the next 2 years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.57 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.57 (up from CN¥0.17 in 2Q 2021). Revenue: CN¥2.87b (flat on 2Q 2021). Net income: CN¥509.1m (up 216% from 2Q 2021). Profit margin: 18% (up from 5.6% in 2Q 2021). Over the next year, revenue is forecast to grow 18%, compared to a 42% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.39, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 345% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.90 per share. Board Change • Aug 01
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Supervisor Xingjun Zhu is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥14.82, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.86 per share. Board Change • Jul 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Supervisor Xingjun Zhu is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥11.42, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Building industry in China. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.36 per share. Announcement • Jun 22
Zhejiang Dun'an Artificial Environment Co., Ltd Announces Management Changes Zhejiang Dun'an Artificial Environment Co. Ltd. at its 2nd Extraordinary General Meeting of 2022 held on 20 June 2022, approved the following election: Election of non-independent directors, cumulative voting system applicable: Deng Xiaobo, Tan Jianming, Li Gangfei, Yu Bo and Yu Bo; Election of independent directors ahead of schedule, cumulative voting system applicable: Song Shunlin, Liu Jinping and Li Jing; Election of non-employee supervisors, cumulative voting system applicable: Zhang Wei, Cao Yong and Liu Yanzi. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.07, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.91 per share. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.46, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.86 per share. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.11 in 1Q 2021). Revenue: CN¥2.01b (down 6.4% from 1Q 2021). Net income: CN¥83.4m (down 15% from 1Q 2021). Profit margin: 4.1% (down from 4.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 23%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
Zhejiang Dun'an Artificial Environment Co., Ltd, Annual General Meeting, Apr 28, 2022 Zhejiang Dun'an Artificial Environment Co., Ltd, Annual General Meeting, Apr 28, 2022, at 15:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; to consider reappointment of 2022 audit firm; to Authorize the board to dispose of equities in a company; to consider provision of guarantee for subsidiaries; to consider provision of performance guarantee for business contract of wholly-owned subsidiaries; to consider unrecovered losses account for one-third of the paid-in capital; and to consider 2022 estimated continuing connected transactions. Reported Earnings • Apr 08
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥0.44 (up from CN¥1.00 loss in FY 2020). Revenue: CN¥9.84b (up 33% from FY 2020). Net income: CN¥405.4m (up CN¥1.33b from FY 2020). Profit margin: 4.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 17%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 19
Now 24% undervalued Over the last 90 days, the stock is up 86%. The fair value is estimated to be CN¥17.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% per annum over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.08 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.34b (up 19% from 3Q 2020). Net income: CN¥83.3m (up CN¥160.1m from 3Q 2020). Profit margin: 3.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.092 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.89b (up 42% from 2Q 2020). Net income: CN¥161.2m (up CN¥257.1m from 2Q 2020). Profit margin: 5.6% (up from net loss in 2Q 2020). Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.02 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.15b (up 79% from 1Q 2020). Net income: CN¥97.7m (up CN¥113.7m from 1Q 2020). Profit margin: 4.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Mar 04
Full year 2020 earnings released: CN¥0.41 loss per share (vs CN¥0.14 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥7.37b (down 19% from FY 2019). Net loss: CN¥374.0m (down 385% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 25
New 90-day high: CN¥4.14 The company is up 5.0% from its price of CN¥3.93 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 12% over the same period. Announcement • Nov 06
Beijing Dongfang Shangjing Technology Co., Ltd. signed an equity transfer agreement to acquire 19.1% stake in AUBO (Beijing) Robotics Technology Co., Ltd. from Zhejiang Dun'an Artificial Environment Co., Ltd (SZSE:002011) for CNY 80.3 million. Beijing Dongfang Shangjing Technology Co., Ltd. signed an equity transfer agreement to acquire 19.1% stake in AUBO (Beijing) Robotics Technology Co., Ltd. from Zhejiang Dun'an Artificial Environment Co., Ltd (SZSE:002011) for CNY 80.3 million on November 4, 2020. Post completion, Zhejiang Dun'an Artificial Environment Co., Ltd will not hold any stake in AUBO (Beijing) Robotics Technology Co., Ltd. The transaction does not require approval from board of directors of Zhejiang Dun'an Artificial Environment Co., Ltd. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥565.4m, with losses narrowing by 66% from the prior year. Total revenue was CN¥7.58b over the last 12 months, down 19% from the prior year. Announcement • Oct 17
Zhejiang Dun'an Artificial Environment Co., Ltd to Report Q3, 2020 Results on Oct 24, 2020 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report Q3, 2020 results on Oct 24, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥3.69 The company is down 4.0% from its price of CN¥3.86 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 18% over the same period. Announcement • Jul 31
Zhejiang Dun'an Artificial Environment Co., Ltd to Report First Half, 2020 Results on Aug 22, 2020 Zhejiang Dun'an Artificial Environment Co., Ltd announced that they will report first half, 2020 results on Aug 22, 2020