Reported Earnings • Jul 25
Second quarter 2026 earnings released: EPS: CN¥0.24 (vs CN¥0.24 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.24 (down from CN¥0.24 in 2Q 2025). Revenue: CN¥2.56b (up 35% from 2Q 2025). Net income: CN¥182.4m (down 2.3% from 2Q 2025). Profit margin: 7.1% (down from 9.8% in 2Q 2025). The decrease in margin was driven by higher expenses. 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Guangdong Dowstone Technology Co., Ltd. to Report First Half, 2026 Results on Jul 25, 2026 Guangdong Dowstone Technology Co., Ltd. announced that they will report first half, 2026 results on Jul 25, 2026 Declared Dividend • Jun 01
Dividend of CN¥0.25 announced Shareholders will receive a dividend of CN¥0.25. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (34% 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 16% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 15
First quarter 2026 earnings released: EPS: CN¥0.14 (vs CN¥0.064 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.14 (up from CN¥0.064 in 1Q 2025). Revenue: CN¥2.23b (up 27% from 1Q 2025). Net income: CN¥107.7m (up 146% from 1Q 2025). Profit margin: 4.8% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. 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 23% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
Guangdong Dowstone Technology Co., Ltd., Annual General Meeting, May 07, 2026 Guangdong Dowstone Technology Co., Ltd., Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: 5F, Building 1, Yishui 3rd Road, Nanzhuang Town, Chancheng District, Foshan, Guangdong China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥28.22, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 47x in the Chemicals industry in China. Total returns to shareholders of 102% over the past three years. Announcement • Mar 31
Guangdong Dowstone Technology Co., Ltd. to Report Q1, 2026 Results on Apr 15, 2026 Guangdong Dowstone Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 15, 2026 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.26, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 47x in the Chemicals industry in China. Total returns to shareholders of 73% over the past three years. New Risk • Jan 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 8.2% 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 Risk Earnings have declined by 10% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥26.99, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 87% over the past three years. Announcement • Dec 31
Guangdong Dowstone Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 Guangdong Dowstone Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.76, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 44x in the Chemicals industry in China. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥23.09, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 42x in the Chemicals industry in China. Total returns to shareholders of 41% over the past three years. New Risk • Oct 17
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 9.2% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Reported Earnings • Oct 11
Third quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.064 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.064 in 3Q 2024). Revenue: CN¥2.35b (up 19% from 3Q 2024). Net income: CN¥185.1m (up 408% from 3Q 2024). Profit margin: 7.9% (up from 1.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Guangdong Dowstone Technology Co., Ltd. to Report Q3, 2025 Results on Oct 11, 2025 Guangdong Dowstone Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 11, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥26.71, the stock trades at a trailing P/E ratio of 74.4x. Average trailing P/E is 44x in the Chemicals industry in China. Total returns to shareholders of 61% over the past three years. New Risk • Aug 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 6.7% 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: Major Risks Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.48, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 44x in the Chemicals industry in China. Total returns to shareholders of 5.2% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.17 in 2Q 2024). Revenue: CN¥1.90b (down 11% from 2Q 2024). Net income: CN¥186.7m (up 94% from 2Q 2024). Profit margin: 9.8% (up from 4.5% in 2Q 2024). The increase in margin was driven by lower expenses. 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 3% per year. Announcement • Jul 02
Guangdong Dowstone Technology Co., Ltd. to Report First Half, 2025 Results on Aug 13, 2025 Guangdong Dowstone Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 13, 2025 Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.68, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 37x in the Chemicals industry in China. Total loss to shareholders of 35% over the past three years. New Risk • May 27
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 195% Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Declared Dividend • May 21
Dividend of CN¥0.18 announced Shareholders will receive a dividend of CN¥0.18. Ex-date: 23rd May 2025 Payment date: 23rd May 2025 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it covered by cash flows (195% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control. EPS is expected to grow by 63% over the next year, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 25
Guangdong Dowstone Technology Co., Ltd. Proposes Final Dividend for the Year 2024 Guangdong Dowstone Technology Co., Ltd. proposed final dividend of CNY 1.80 per 10 shares (tax included) for the year 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.064 (vs CN¥0.02 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.064 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥1.76b (down 12% from 1Q 2024). Net income: CN¥43.7m (up 207% from 1Q 2024). Profit margin: 2.5% (up from 0.7% in 1Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major 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: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Paying a dividend despite having no free cash flows. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. Announcement • Apr 23
Guangdong Dowstone Technology Co., Ltd., Annual General Meeting, May 14, 2025 Guangdong Dowstone Technology Co., Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: 5F, No. 1, Yishui 3rd Road, Nanzhuang Town, Chancheng District, 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: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥12.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Chemicals industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Mar 31
Guangdong Dowstone Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Guangdong Dowstone Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Dec 31
Guangdong Dowstone Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Guangdong Dowstone Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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: Major Risks Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). New Risk • Nov 12
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 10% 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 Debt is not well covered by operating cash flow (5.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.24, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Chemicals industry in China. Total loss to shareholders of 43% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.064 (vs CN¥0.033 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.064 (up from CN¥0.033 in 3Q 2023). Revenue: CN¥1.97b (down 2.1% from 3Q 2023). Net income: CN¥36.4m (up 109% from 3Q 2023). Profit margin: 1.8% (up from 0.9% in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.61, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 59% over the past three years. Announcement • Sep 30
Guangdong Dowstone Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Guangdong Dowstone Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.59, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 55% over the past three years. Announcement • Sep 24
Guangdong Dowstone Technology Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 27 September 2024 Guangdong Dowstone Technology Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 1.79999900 for year 2024 of A shares. Record date is 26 September 2024. Ex-date is 27 September 2024. Payment date is 27 September 2024. Announcement • Aug 29
Guangdong Dowstone Technology Co., Ltd. Proposes Interim Dividend for the First Half of 2024 Guangdong Dowstone Technology Co., Ltd. proposed an interim dividend (tax included) of CNY CNY1.80000000 per ten shares for the first half of 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.016 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.016 loss in 2Q 2023). Revenue: CN¥2.13b (up 22% from 2Q 2023). Net income: CN¥96.4m (up CN¥104.9m from 2Q 2023). Profit margin: 4.5% (up from net loss in 2Q 2023). 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 51 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Guangdong Dowstone Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Guangdong Dowstone Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 24
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 300% higher than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 5x earnings) and 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 8.9% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 468% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend. Announcement • Apr 27
Guangdong Dowstone Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Guangdong Dowstone Technology Co., Ltd. proposed final cash dividend per 10 shares (tax included) of CNY 2.00000000 for the year 2023. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.06 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.06 loss in 1Q 2023). Revenue: CN¥2.00b (up 26% from 1Q 2023). Net income: CN¥14.3m (up CN¥50.7m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). 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. Announcement • Apr 26
Guangdong Dowstone Technology Co., Ltd., Annual General Meeting, May 16, 2024 Guangdong Dowstone Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 5F, No. 1, Yishui 3rd Road, Nanzhuang Town, Chancheng District, Foshan, Guangdong China New Risk • Apr 12
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 10% 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. Announcement • Mar 30
Guangdong Dowstone Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Guangdong Dowstone Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Feb 09
Guangdong Dowstone Technology Co., Ltd. (SZSE:300409) announces an Equity Buyback for CNY 200 million worth of its shares. Guangdong Dowstone Technology Co., Ltd. (SZSE:300409) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million at a price of not more than CNY 15 per share. The repurchase will be funded from company's own fund. The purpose of the program is to cancel shares and reduce registered capital. The program is valid for 3 months. Announcement • Dec 29
Guangdong Dowstone Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Guangdong Dowstone Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.17 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.033 (up from CN¥0.17 loss in 3Q 2022). Revenue: CN¥2.02b (up 29% from 3Q 2022). Net income: CN¥17.4m (up CN¥112.4m from 3Q 2022). Profit margin: 0.9% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 38% 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 30
Second quarter 2023 earnings released: CN¥0.016 loss per share (vs CN¥0.18 profit in 2Q 2022) Second quarter 2023 results: CN¥0.016 loss per share (down from CN¥0.18 profit in 2Q 2022). Revenue: CN¥1.75b (down 6.5% from 2Q 2022). Net loss: CN¥8.52m (down 108% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% 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 • May 24
Guangdong Dowstone Technology Co., Ltd. Implements Final Dividend of A Shares for 2022, Payable on 30 May 2023 Guangdong Dowstone Technology Co., Ltd. implemented final cash dividend of CNY 0.50000000 per 10 A shares (tax included) for 2022. Record date is 29 May 2023. Ex-date is 30 May 2023. Payment date is 30 May 2023. Announcement • May 19
Guangdong Dowstone Technology Co., Ltd. Approves Cash Dividend for 2022 Guangdong Dowstone Technology Co., Ltd. approved Cash dividend/10 shares (tax included): CNY 0.50000000 for 2022 at its Annual General Meeting of 2022 on 17 May 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.06 loss per share (vs CN¥0.30 profit in 1Q 2022) First quarter 2023 results: CN¥0.06 loss per share (down from CN¥0.30 profit in 1Q 2022). Revenue: CN¥1.59b (down 14% from 1Q 2022). Net loss: CN¥36.5m (down 121% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Wei Qin was the last independent 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 25
Third quarter 2022 earnings released: CN¥0.21 loss per share (vs CN¥0.32 profit in 3Q 2021) Third quarter 2022 results: CN¥0.21 loss per share (down from CN¥0.32 profit in 3Q 2021). Revenue: CN¥1.56b (down 15% from 3Q 2021). Net loss: CN¥125.2m (down 169% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.67, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.37 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.18 (down from CN¥0.37 in 2Q 2021). Revenue: CN¥1.87b (up 9.7% from 2Q 2021). Net income: CN¥104.6m (down 45% from 2Q 2021). Profit margin: 5.6% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 19% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Guangdong Dowstone Technology Co., Ltd. Approves Cash Dividend for the Year 2021, Payable on May 31, 2022 Guangdong Dowstone Technology Co., Ltd. approved cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2021. Record date: 30 May 2022, Ex-date: 31 May 2022 and Payment date: 31 May 2022. Announcement • May 08
Guangdong Dowstone Technology Co., Ltd. announced a financing transaction Guangdong Dowstone Technology Co., Ltd. announced a private placement of convertible corporate bonds on May 6, 2022. The transaction has been approved by the 4th Extraordinary General Meeting of 2022 of the company. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.14 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥1.85b (up 74% from 1Q 2021). Net income: CN¥171.5m (up 142% from 1Q 2021). Profit margin: 9.2% (up from 6.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥30.38, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 106% over the past three years. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.83b (up 86% from 3Q 2020). Net income: CN¥182.6m (up 420% from 3Q 2020). Profit margin: 10.0% (up from 3.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥28.01, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥25.26, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 32x in the Chemicals industry in China. Total returns to shareholders of 61% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.029 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.70b (up 136% from 2Q 2020). Net income: CN¥191.5m (up CN¥174.6m from 2Q 2020). Profit margin: 11% (up from 2.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥18.14, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 29x in the Chemicals industry in China. Total loss to shareholders of 10% over the past three years. Announcement • May 21
Guangdong Dowstone Technology Co., Ltd. Approves Cash Dividend for 2020 Guangdong Dowstone Technology Co., Ltd. approved Cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2020, at the AGM held on May 18, 2021. Reported Earnings • May 03
Third quarter 2020 earnings released: EPS CN¥0.08 (vs CN¥0.11 in 3Q 2019) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2020 results: Revenue: CN¥985.0m (up 29% from 3Q 2019). Net income: CN¥35.1m (down 32% from 3Q 2019). Profit margin: 3.6% (down from 6.7% in 3Q 2019). Announcement • Apr 29
Guangdong Dowstone Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2020 Guangdong Dowstone Technology Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2020. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥16.09 The company is up 17% from its price of CN¥13.74 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: CN¥15.80 The company is up 7.0% from its price of CN¥14.75 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 Chemicals industry, which is up 24% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥97.0m, with earnings increasing by CN¥101.7m from the prior year. Total revenue was CN¥2.71b over the last 12 months, down 20% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day high: CN¥14.75 The company is up 17% from its price of CN¥12.60 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 3.0% over the same period. Announcement • Aug 13
Guangdong Dowstone Technology Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Guangdong Dowstone Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020