Announcement • Jun 30
Guangdong Deerma Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Guangdong Deerma Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Declared Dividend • May 30
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • May 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Apr 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.28 (down from CN¥0.31 in FY 2024). Revenue: CN¥3.43b (down 2.8% from FY 2024). Net income: CN¥129.6m (down 8.9% from FY 2024). Profit margin: 3.8% (down from 4.0% in FY 2024). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Announcement • Apr 28
Guangdong Deerma Technology Co., Ltd., Annual General Meeting, May 19, 2026 Guangdong Deerma Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: Floor 2-1, Building A, No. 9, Chuangsheng Road, Shencun Village, Beijiao Town, Shunde District, Foshan, Guangdong China Announcement • Mar 31
Guangdong Deerma Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Guangdong Deerma Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Guangdong Deerma Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Guangdong Deerma Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Price Target Changed • Nov 22
Price target decreased by 11% to CN¥11.29 Down from CN¥12.63, the current price target is an average from 2 analysts. New target price is 17% above last closing price of CN¥9.67. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.31 last year. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.08 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.041 (down from CN¥0.08 in 3Q 2024). Revenue: CN¥698.6m (down 10% from 3Q 2024). Net income: CN¥20.0m (down 44% from 3Q 2024). Profit margin: 2.9% (down from 4.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Announcement • Sep 30
Guangdong Deerma Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Guangdong Deerma Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Guangdong Deerma Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Guangdong Deerma Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 09
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 50% higher than last year. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
Guangdong Deerma Technology Co., Ltd. Approves Cash Dividend for 2024 Guangdong Deerma Technology Co., Ltd. held its Annual General Meeting of 2024 on 16 May 2025, approved cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2024. New Risk • Apr 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.05 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.05 (in line with 1Q 2024). Revenue: CN¥778.1m (up 8.6% from 1Q 2024). Net income: CN¥23.6m (up 1.2% from 1Q 2024). Profit margin: 3.0% (down from 3.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Consumer Durables industry in China. Announcement • Apr 25
Guangdong Deerma Technology Co., Ltd., Annual General Meeting, May 16, 2025 Guangdong Deerma Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Apr 07
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 7.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥8.78, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Consumer Durables industry in China. Total loss to shareholders of 12% over the past year. Announcement • Mar 31
Guangdong Deerma Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Guangdong Deerma Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Guangdong Deerma Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Guangdong Deerma Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.07 in 3Q 2023). Revenue: CN¥778.5m (up 8.8% from 3Q 2023). Net income: CN¥36.0m (up 11% from 3Q 2023). Profit margin: 4.6% (up from 4.5% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.21, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 2.5% over the past year. Announcement • Sep 30
Guangdong Deerma Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Guangdong Deerma Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥10.68, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 21% over the past year. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10. Revenue: CN¥904.5m (up 1.6% from 2Q 2023). Net income: CN¥44.6m (flat on 2Q 2023). Profit margin: 4.9% (down from 5.0% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Durables industry in China. Announcement • Jun 29
Guangdong Deerma Technology Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Guangdong Deerma Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Jun 01
Guangdong Deerma Technology Co., Ltd. Implements Final Cash Dividend of A Shares for 2023, Payable on 7 June 2024 Guangdong Deerma Technology Co., Ltd. Implements Final Cash Dividend of A Shares for 2023, Payable on 7 June 2024 implemented final cash dividend of A shares of CNY 1.0000000 per 10 shares (tax included) for 2023. Record date: 6 June 2024. Ex-date: 7 June 2024. Payment date: 7 June 2024. New Risk • May 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Major Estimate Revision • May 01
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.03b to CN¥3.47b. EPS estimate fell from CN¥0.552 to CN¥0.492 per share. Net income forecast to shrink 8.7% next year vs 21% growth forecast for Consumer Durables industry in China . Consensus price target down from CN¥14.51 to CN¥12.46. Share price was steady at CN¥11.55 over the past week. Announcement • Apr 30
Guangdong Deerma Technology Co., Ltd., Annual General Meeting, May 21, 2024 Guangdong Deerma Technology Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Apr 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥12.16, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Consumer Durables industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.69 per share. Announcement • Mar 30
Guangdong Deerma Technology Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Guangdong Deerma Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 New Risk • Feb 26
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 8.8% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Consumer Durables industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.77 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥9.16, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Durables industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.92 per share. Announcement • Dec 30
Guangdong Deerma Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Guangdong Deerma Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥715.5m (down 9.0% from 3Q 2022). Net income: CN¥32.4m (down 13% from 3Q 2022). Profit margin: 4.5% (down from 4.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Announcement • Oct 26
Guangdong Deerma Technology Co., Ltd. Approves Management Elections Guangdong Deerma Technology Co., Ltd. at its Extraordinary General Meeting held on 24 October 2023 approved the election of Cai Tieqiang and Mao Wei as non-independent director. The company approved the election of Xie Jun and Ji Jianbin as independent director. The company approved the election of Lu Ting and Wu Meiqi as non-employee supervisor. Announcement • Sep 30
Guangdong Deerma Technology Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Guangdong Deerma Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12. Revenue: CN¥890.0m (flat on 2Q 2022). Net income: CN¥44.2m (up 8.4% from 2Q 2022). Profit margin: 5.0% (up from 4.6% in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.05 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.05 in 1Q 2022). Revenue: CN¥665.3m (up 6.2% from 1Q 2022). Net income: CN¥23.2m (up 16% from 1Q 2022). Profit margin: 3.5% (up from 3.2% in 1Q 2022). The increase in margin was driven by higher revenue. 
