Declared Dividend • Aug 10
Dividend increased to CN¥0.039 Dividend of CN¥0.039 is 2.1% higher than last year. Ex-date: 11th August 2026 Payment date: 11th August 2026 Dividend yield will be 0.6%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥7.79, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 33x in the Luxury industry in China. Total returns to shareholders of 36% over the past three years. Announcement • Jun 30
Shanghai Dragon Corporation to Report First Half, 2026 Results on Aug 29, 2026 Shanghai Dragon Corporation announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Jun 01
Shanghai Dragon Corporation, Annual General Meeting, Jun 30, 2026 Shanghai Dragon Corporation, Annual General Meeting, Jun 30, 2026, at 13:00 China Standard Time. Location: 1F, No. 555, Kangwu Road, Pudong New Area, Shanghai China Reported Earnings • Apr 23
Full year 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.09 in FY 2024) Full year 2025 results: EPS: CN¥0.11 (up from CN¥0.09 in FY 2024). Revenue: CN¥1.83b (up 3.3% from FY 2024). Net income: CN¥47.1m (up 18% from FY 2024). Profit margin: 2.6% (up from 2.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shanghai Dragon Corporation to Report Q1, 2026 Results on Apr 29, 2026 Shanghai Dragon Corporation announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Shanghai Dragon Corporation to Report Fiscal Year 2025 Results on Apr 23, 2026 Shanghai Dragon Corporation announced that they will report fiscal year 2025 results on Apr 23, 2026 Board Change • Nov 08
Less than half of directors are independent Following 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. 6 non-independent directors. Independent Director Zai Sheng Cai 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. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.01 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.019 (up from CN¥0.01 loss in 3Q 2024). Revenue: CN¥454.6m (up 20% from 3Q 2024). Net income: CN¥7.20m (up CN¥11.4m from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai Dragon Corporation to Report Q3, 2025 Results on Oct 30, 2025 Shanghai Dragon Corporation announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Aug 26
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Jun 30
Shanghai Dragon Corporation to Report First Half, 2025 Results on Aug 29, 2025 Shanghai Dragon Corporation announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 30
Shanghai Dragon Corporation, Annual General Meeting, Jun 23, 2025 Shanghai Dragon Corporation, Annual General Meeting, Jun 23, 2025, at 13:00 China Standard Time. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.04 (in line with 1Q 2024). Revenue: CN¥464.9m (flat on 1Q 2024). Net income: CN¥18.2m (down 3.1% from 1Q 2024). Profit margin: 3.9% (down from 4.0% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.21, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 23x in the Luxury industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Mar 28
Shanghai Dragon Corporation to Report Q1, 2025 Results on Apr 29, 2025 Shanghai Dragon Corporation announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.59, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 23x in the Luxury industry in China. Total returns to shareholders of 77% over the past three years. Announcement • Dec 27
Shanghai Dragon Corporation to Report Fiscal Year 2024 Results on Apr 29, 2025 Shanghai Dragon Corporation announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.14, the stock trades at a trailing P/E ratio of 76.9x. Average trailing P/E is 24x in the Luxury industry in China. Total returns to shareholders of 88% over the past three years. New Risk • Nov 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 72% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.031 loss in 3Q 2023) Third quarter 2024 results: CN¥0.01 loss per share (improved from CN¥0.031 loss in 3Q 2023). Revenue: CN¥378.5m (down 12% from 3Q 2023). Net loss: CN¥4.15m (loss narrowed 68% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai Dragon Corporation to Report Q3, 2024 Results on Oct 30, 2024 Shanghai Dragon Corporation announced that they will report Q3, 2024 results on Oct 30, 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¥8.85, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 21x in the Luxury industry in China. Total returns to shareholders of 72% over the past three years. Announcement • Jun 28
Shanghai Dragon Corporation to Report First Half, 2024 Results on Aug 30, 2024 Shanghai Dragon Corporation announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 202% 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 Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Announcement • Apr 29
Shanghai Dragon Corporation, Annual General Meeting, May 30, 2024 Shanghai Dragon Corporation, Annual General Meeting, May 30, 2024, at 13:00 China Standard Time. Location: 1F, No. 555, Kangwu Road, Pudong New Area, Shanghai China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.04 (vs CN¥1.23 loss in FY 2022) Full year 2023 results: EPS: CN¥0.04 (up from CN¥1.23 loss in FY 2022). Revenue: CN¥1.78b (down 19% from FY 2022). Net income: CN¥15.9m (up CN¥538.1m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Mar 29
Shanghai Dragon Corporation to Report Q1, 2024 Results on Apr 29, 2024 Shanghai Dragon Corporation announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Dec 30
Shanghai Dragon Corporation to Report Fiscal Year 2023 Results on Apr 29, 2024 Shanghai Dragon Corporation announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥428.3m (down 46% from 3Q 2022). Net loss: CN¥13.0m (loss narrowed 67% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.016 loss in 2Q 2022) Second quarter 2023 results: CN¥0.006 loss per share (improved from CN¥0.016 loss in 2Q 2022). Revenue: CN¥344.5m (down 47% from 2Q 2022). Net loss: CN¥1.88m (loss narrowed 63% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% 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. Announcement • Jun 28
Shanghai Dragon Corporation to Report First Half, 2023 Results on Aug 30, 2023 Shanghai Dragon Corporation announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.04 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.04 loss in 1Q 2022). Revenue: CN¥453.0m (down 26% from 1Q 2022). Net income: CN¥12.6m (up CN¥31.1m from 1Q 2022). Profit margin: 2.8% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Hongchun Hu was the last 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. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.084 loss per share (vs CN¥0.021 profit in 3Q 2021) Third quarter 2022 results: CN¥0.084 loss per share (down from CN¥0.021 profit in 3Q 2021). Revenue: CN¥791.3m (down 11% from 3Q 2021). Net loss: CN¥39.0m (down CN¥46.4m from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.016 loss per share (vs CN¥0.009 profit in 2Q 2021) Second quarter 2022 results: CN¥0.016 loss per share (down from CN¥0.009 profit in 2Q 2021). Revenue: CN¥644.6m (down 15% from 2Q 2021). Net loss: CN¥5.10m (down 242% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
First quarter 2022 earnings released: CN¥0.04 loss per share (vs CN¥0.02 profit in 1Q 2021) First quarter 2022 results: CN¥0.04 loss per share (down from CN¥0.02 profit in 1Q 2021). Revenue: CN¥610.2m (down 14% from 1Q 2021). Net loss: CN¥18.5m (down 279% from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Hongchun Hu was the last 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. Insufficient board refreshment. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.008 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥758.7m (down 12% from 2Q 2020). Net income: CN¥3.59m (up CN¥7.19m from 2Q 2020). Profit margin: 0.5% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.69 loss per share (vs CN¥0.05 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¥3.25b (down 21% from FY 2019). Net loss: CN¥294.2m (down CN¥313.3m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥5.35 The company is down 21% from its price of CN¥6.80 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 Luxury industry, which is down 10.0% over the same period. Announcement • Jan 20
Shanghai Dragon Corporation to Report Fiscal Year 2020 Results on Apr 15, 2021 Shanghai Dragon Corporation announced that they will report fiscal year 2020 results on Apr 15, 2021 Is New 90 Day High Low • Jan 07
New 90-day low: CN¥5.70 The company is down 11% from its price of CN¥6.44 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 Luxury industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥6.12 The company is down 8.0% from its price of CN¥6.67 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥6.25 The company is down 12% from its price of CN¥7.12 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 5.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥126.7m, with earnings decreasing by CN¥136.5m from the prior year. Total revenue was CN¥3.58b over the last 12 months, down 19% from the prior year. Announcement • Jul 10
Shanghai Dragon Corporation to Report First Half, 2020 Results on Aug 28, 2020 Shanghai Dragon Corporation announced that they will report first half, 2020 results on Aug 28, 2020