2923 Stock Overview

An investment holding company, provides various financial services in the People’s Republic of China. More details

2923 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 97% below our estimate of its fair value

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Earnings have declined by 19.6% per year over past 5 years

Shareholders have been diluted in the past year

+ 2 more risks

My Notes

Capture your thoughts, links and company narrative

Differ Group Auto Limited Competitors

Greater China Financial Holdings

SEHK:431

HK$77.8m

Hao Wen Holdings

SEHK:8019

HK$252.8m

Capital Industrial Financial Services Group

SEHK:730

HK$435.3m

Capital Finance Holdings

SEHK:8239

HK$41.3m

Price History & Performance

Summary of share price highs, lows and changes for Differ Group Auto
Historical stock prices
Current Share Price	HK$0.12
52 Week High	HK$0.38
52 Week Low	HK$0.10
Beta	0.79
1 Month Change	-61.00%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-67.04%

Recent updates

Shareholder Returns

	2923	HK Consumer Finance	HK Market
7D	-10.0%	-5.6%	-2.2%
1Y	n/a	6.6%	18.3%

Return vs Industry: Insufficient data to determine how 2923 performed against the Hong Kong Consumer Finance industry.

Return vs Market: Insufficient data to determine how 2923 performed against the Hong Kong Market.

Price Volatility

Is 2923's price volatile compared to industry and market?
2923 volatility
2923 Average Weekly Movement	n/a
Consumer Finance Industry Average Movement	10.1%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	18.7%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 2923's share price has been volatile over the past 3 months.

Volatility Over Time: Insufficient data to determine 2923's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2008	230	Chi Chung Ng	www.dfh.cn

Differ Group Auto Limited, an investment holding company, provides various financial services in the People’s Republic of China. The company provides financial related services, including express loan, finance lease, guarantee, consultancy, and security brokerage services; and software development services. It is also involved in the assets management business comprising property development and investment; distressed assets, equities investment, and fund management; and commodity trading and automobile e-commerce businesses, as well as provides hotel and tourism services.

Differ Group Auto Limited Fundamentals Summary

How do Differ Group Auto's earnings and revenue compare to its market cap?
2923 fundamental statistics
Market cap	HK$105.22m
Earnings (TTM)	-HK$430.77m
Revenue (TTM)	HK$1.77b

0.1x

P/S Ratio

-0.2x

P/E Ratio

Is 2923 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2923 income statement (TTM)
Revenue	CN¥1.63b
Cost of Revenue	CN¥1.18b
Gross Profit	CN¥449.93m
Other Expenses	CN¥847.93m
Earnings	-CN¥398.01m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

Mar 28, 2024

Earnings per share (EPS)	-0.42
Gross Margin	27.58%
Net Profit Margin	-24.39%
Debt/Equity Ratio	84.0%

How did 2923 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/03/27 05:30
End of Day Share Price	2024/03/27 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Differ Group Auto Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hoi Yin Yip	China Everbright Research Limited
William Gregozeski	Greenridge Global LLC
null null	Quam Securities Limited