Declared Dividend • Jun 08
Dividend of CN¥0.22 announced Shareholders will receive a dividend of CN¥0.22. Ex-date: 11th June 2026 Payment date: 11th June 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (77% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.25 loss per share (vs CN¥0.12 loss in FY 2024) Full year 2025 results: CN¥0.25 loss per share (further deteriorated from CN¥0.12 loss in FY 2024). Revenue: CN¥2.02b (down 5.5% from FY 2024). Net loss: CN¥140.2m (loss widened 99% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Zhejiang Red Dragonfly Footwear Co., Ltd., Annual General Meeting, May 19, 2026 Zhejiang Red Dragonfly Footwear Co., Ltd., Annual General Meeting, May 19, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Wenzhou, Zhejiang China Announcement • Mar 30
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.044 loss in 3Q 2024) Third quarter 2025 results: CN¥0.05 loss per share. Revenue: CN¥481.5m (down 5.5% from 3Q 2024). Net loss: CN¥29.1m (loss narrowed 16% from 3Q 2024). Announcement • Sep 30
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released: CN¥0.036 loss per share (vs CN¥0.001 profit in 2Q 2024) Second quarter 2025 results: CN¥0.036 loss per share (down from CN¥0.001 profit in 2Q 2024). Revenue: CN¥461.0m (down 18% from 2Q 2024). Net loss: CN¥27.0m (down CN¥27.4m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jun 30
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 29
Zhejiang Red Dragonfly Footwear Co., Ltd., Annual General Meeting, May 19, 2025 Zhejiang Red Dragonfly Footwear Co., Ltd., Annual General Meeting, May 19, 2025, at 13:30 China Standard Time. Announcement • Mar 28
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 10
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 9.3% 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. Paying a dividend despite being loss-making. Cash payout ratio: 152% Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Announcement • Dec 27
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.014 profit in 3Q 2023) Third quarter 2024 results: CN¥0.044 loss per share (down from CN¥0.014 profit in 3Q 2023). Revenue: CN¥509.3m (down 19% from 3Q 2023). Net loss: CN¥34.5m (down 429% from profit in 3Q 2023). 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 3% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Red Dragonfly Footwear Co., Ltd. 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 18% After last week's 18% share price gain to CN¥4.87, the stock trades at a trailing P/E ratio of 75.9x. Average trailing P/E is 21x in the Luxury industry in China. Total loss to shareholders of 1.7% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.03 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.03 in 2Q 2023). Revenue: CN¥559.2m (down 13% from 2Q 2023). Net income: CN¥356.2k (down 98% from 2Q 2023). Profit margin: 0.1% (down from 2.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 27
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 2nd July 2024 Payment date: 2nd July 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (221% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has increased by an average of 17% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 146% to bring the payout ratio under control. However, EPS has declined by 21% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.06 loss in FY 2022) Full year 2023 results: EPS: CN¥0.09 (up from CN¥0.06 loss in FY 2022). Revenue: CN¥2.47b (up 9.6% from FY 2022). Net income: CN¥51.9m (up CN¥88.9m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Zhejiang Red Dragonfly Footwear Co., Ltd., Annual General Meeting, May 13, 2024 Zhejiang Red Dragonfly Footwear Co., Ltd., Annual General Meeting, May 13, 2024, at 13:30 China Standard Time. Location: No. 2357, Shuangta Road, Oubei Subdistrict, Yongjia County, Wenzhou, Zhejiang China Announcement • Mar 29
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 115% Earnings have declined by 62% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Feb 24
Zhejiang Red Dragonfly Footwear Co., Ltd. (SHSE:603116) announces an Equity Buyback for CNY 100 million worth of its shares. Zhejiang Red Dragonfly Footwear Co., Ltd. (SHSE:603116) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 7 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The funds for the repurchases are the company's own funds. The program will be valid for a period of 12 months. New Risk • Feb 05
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 7.0% 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 115% Earnings have declined by 62% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Dec 29
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Announcement • Jun 28
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Buying Opportunity • Dec 28
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥6.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 47%. Board Change • Nov 16
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. Director Xubin Huang was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.021 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.001 (down from CN¥0.021 in 3Q 2021). Revenue: CN¥541.0m (down 7.7% from 3Q 2021). Net income: CN¥808.3k (down 94% from 3Q 2021). Profit margin: 0.1% (down from 2.2% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.01 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.01 in 2Q 2021). Revenue: CN¥581.1m (down 3.1% from 2Q 2021). Net income: CN¥7.29m (up 42% from 2Q 2021). Profit margin: 1.3% (up from 0.9% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jun 30
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥7.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.8% over the last 3 years. Earnings per share has declined by 45%. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.05 (vs CN¥0.14 in FY 2020) Full year 2021 results: EPS: CN¥0.05 (down from CN¥0.14 in FY 2020). Revenue: CN¥2.51b (down 3.1% from FY 2020). Net income: CN¥22.5m (down 71% from FY 2020). Profit margin: 0.9% (down from 3.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.04 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥586.5m (down 1.7% from 3Q 2020). Net income: CN¥13.1m (down 40% from 3Q 2020). Profit margin: 2.2% (down from 3.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.041 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥599.4m (up 16% from 2Q 2020). Net income: CN¥5.13m (down 75% from 2Q 2020). Profit margin: 0.9% (down from 3.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥8.08, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 24x in the Luxury industry in China. Total loss to shareholders of 1.7% over the past three years. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.03 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥601.9m (up 18% from 1Q 2020). Net income: CN¥20.9m (up 18% from 1Q 2020). Profit margin: 3.5% (in line with 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥5.51 The company is down 23% from its price of CN¥7.20 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. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥5.89 The company is down 13% from its price of CN¥6.80 on 30 September 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 3.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥6.46 The company is down 11% from its price of CN¥7.26 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 Luxury industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day low: CN¥6.77 The company is down 10.0% from its price of CN¥7.51 on 03 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥6.78 The company is down 14% from its price of CN¥7.92 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 3.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥76.1m, down 1.9% from the prior year. Total revenue was CN¥2.40b over the last 12 months, down 18% from the prior year. Announcement • Jul 10
Zhejiang Red Dragonfly Footwear Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Zhejiang Red Dragonfly Footwear Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020