Board Change • Aug 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Non-Independent Director Minchao Hu was the last independent director to join the board, commencing their role in 2025. 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 21
Second quarter 2026 earnings released: EPS: CN¥0.075 (vs CN¥0.10 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.075 (down from CN¥0.10 in 2Q 2025). Revenue: CN¥344.6m (down 14% from 2Q 2025). Net income: CN¥46.9m (down 25% from 2Q 2025). Profit margin: 14% (down from 16% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.59, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 43x in the Chemicals industry in China. Total returns to shareholders of 66% over the past three years. Tillkännagivande • Jul 01
Daoming Optics&Chemical Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026 Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026 Declared Dividend • May 01
Dividend of CN¥0.17 announced Shareholders will receive a dividend of CN¥0.17. Ex-date: 11th May 2026 Payment date: 11th May 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (90.0% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years, which if continued should maintain adequate earnings cover for the dividend. Tillkännagivande • Mar 31
Daoming Optics&Chemical Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026 Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.27 in FY 2024). Revenue: CN¥1.49b (up 3.5% from FY 2024). Net income: CN¥221.6m (up 30% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 31
Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026 Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, Apr 21, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.00, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 45x in the Chemicals industry in China. Total returns to shareholders of 83% over the past three years. Board Change • Jan 01
High number of new directors Non-Independent Director Minchao Hu was the last director to join the board, commencing their role in 2025. Tillkännagivande • Dec 31
Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2025 Results on Mar 23, 2026 Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2025 results on Mar 23, 2026 Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥12.73, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 124% over the past three years. Tillkännagivande • Dec 03
Daoming Optics&Chemical Co.,Ltd. Approves Appointment of Hu Minchao as Non-Independent Director Daoming Optics&Chemical Co.,Ltd. held its 2nd Extraordinary General Meeting of 2025 on December 1, 2025, during which the proposal for the by-election of Hu Minchao as a non-independent director was approved. New Risk • Nov 28
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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥12.44, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 41x in the Chemicals industry in China. Total returns to shareholders of 105% over the past three years. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.081 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.081 in 3Q 2024). Revenue: CN¥368.8m (up 2.2% from 3Q 2024). Net income: CN¥65.5m (up 30% from 3Q 2024). Profit margin: 18% (up from 14% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
Daoming Optics&Chemical Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Declared Dividend • Sep 11
First half dividend of CN¥0.13 announced Dividend of CN¥0.13 is the same as last year. Ex-date: 15th September 2025 Payment date: 15th September 2025 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Tillkännagivande • Sep 06
Daoming Optics&Chemical Co.,Ltd Approves 2025 Interim Profit Distribution Plan Daoming Optics&Chemical Co.,Ltd at its the EGM held on September 4, 2025, approved 2025 interim profit distribution plan Cash dividend/10 shares (tax included): CNY 1.30000000. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.077 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.077 in 2Q 2024). Revenue: CN¥399.6m (up 14% from 2Q 2024). Net income: CN¥62.6m (up 30% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Tillkännagivande • Jul 02
Daoming Optics&Chemical Co.,Ltd to Report First Half, 2025 Results on Aug 19, 2025 Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2025 results on Aug 19, 2025 Declared Dividend • May 17
Dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 35% 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 3.3% to bring the payout ratio under control. However, EPS has declined by 1.9% over the last 5 years so the company would need to reverse this trend. Tillkännagivande • May 16
Daoming Optics&Chemical Co.,Ltd Announces Final Cash Dividend Plan on A Shares for the Year 2024, Payable on 22 May 2025 Daoming Optics&Chemical Co.,Ltd announced final cash dividend plan on A shares of CNY 1.30000000 per 10 shares for 2024. Record date: 21 May 2025; Ex-date: 22 May 2025 and Payment date: 22 May 2025. Tillkännagivande • Apr 23
Daoming Optics&Chemical Co.,Ltd Proposes Final Cash Dividend for 2024 Daoming Optics&Chemical Co.,Ltd proposed final cash dividend of CNY 1.30000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.082 (vs CN¥0.073 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.082 (up from CN¥0.073 in 1Q 2024). Revenue: CN¥334.0m (up 5.6% from 1Q 2024). Net income: CN¥51.5m (up 13% from 1Q 2024). Profit margin: 15% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Tillkännagivande • Apr 22
Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 13, 2025 Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 13, 2025, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.48, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 39% over the past three years. Tillkännagivande • Mar 31
Daoming Optics&Chemical Co.,Ltd to Report Q1, 2025 Results on Apr 22, 2025 Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2025 results on Apr 22, 2025 Buy Or Sell Opportunity • Mar 07
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to CN¥9.65. The fair value is estimated to be CN¥12.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 30%. Buy Or Sell Opportunity • Feb 17
Now 23% undervalued Over the last 90 days, the stock has risen 12% to CN¥9.38. The fair value is estimated to be CN¥12.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 30%. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.75, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Tillkännagivande • Dec 31
Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 Board Change • Nov 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Haifeng Li was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.087 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.087 in 3Q 2023). Revenue: CN¥360.9m (up 5.0% from 3Q 2023). Net income: CN¥50.4m (down 7.6% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 30
Daoming Optics&Chemical Co.,Ltd to Report Q3, 2024 Results on Oct 22, 2024 Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2024 results on Oct 22, 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¥8.22, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 25% over the past three years. Tillkännagivande • Sep 11
Daoming Optics&Chemical Co.,Ltd Announces 2024 Interim Cash Dividend (A Shares) (Tax Included), Payable on 19 September 2024 Daoming Optics&Chemical Co.,Ltd announced 2024 interim Cash dividend (A shares) (tax included) of CNY 1.30000000 per 10 share. The dividend will payable on 19 September 2024 with record date of 18 September 2024 and Ex-date of 19 September 2024. Tillkännagivande • Sep 07
Daoming Optics&Chemical Co.,Ltd Approves 2024 Interim Profit Distribution Plan Daoming Optics&Chemical Co.,Ltd held its 1st Extraordinary General Meeting of 2024 on 05 September 2024, during which the following proposal(s) was/were approved: 2024 interim profit distribution plan of Cash dividend/10 shares (tax included): CNY 1.30000000. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.71, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 26x in the Chemicals industry in China. Total returns to shareholders of 22% over the past three years. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.077 (vs CN¥0.069 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.077 (up from CN¥0.069 in 2Q 2023). Revenue: CN¥350.8m (up 6.1% from 2Q 2023). Net income: CN¥48.1m (up 11% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 21
Daoming Optics&Chemical Co.,Ltd Announces the Profit Distribution Proposal for the First Half of 2024 Daoming Optics&Chemical Co.,Ltd announced on 20 August 2024 the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 1.30000000. Tillkännagivande • Jun 29
Daoming Optics&Chemical Co.,Ltd to Report First Half, 2024 Results on Aug 20, 2024 Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2024 results on Aug 20, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.01, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 15% over the past three years. Declared Dividend • May 27
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 33% lower than last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) nor is it covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 37% 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 33% to bring the payout ratio under control. However, EPS has declined by 4.8% over the last 5 years so the company would need to reverse this trend. Tillkännagivande • May 25
Daoming Optics&Chemical Co.,Ltd Implements Final Profit Distribution Plan A Shares for 2023, Payable on 30 May 2024 Daoming Optics&Chemical Co.,Ltd announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.0000000. Record date: 29 May 2024, Ex-date: 30 May 2024, Payment date: 30 May 2024. New Risk • May 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 103% Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 103% Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Tillkännagivande • May 01
Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 21, 2024 Daoming Optics&Chemical Co.,Ltd, Annual General Meeting, May 21, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Yongkang, Zhejiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.058 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.058 in 1Q 2023). Revenue: CN¥316.3m (up 6.8% from 1Q 2023). Net income: CN¥45.4m (up 27% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥6.32, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 8.2% over the past three years. Tillkännagivande • Mar 30
Daoming Optics&Chemical Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Daoming Optics&Chemical Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Mar 29
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to CN¥8.66. The fair value is estimated to be CN¥7.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%. Buy Or Sell Opportunity • Mar 11
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥9.03. The fair value is estimated to be CN¥7.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥8.21, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 36% over the past three years. 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¥6.40, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 9.7% over the past three years. Buy Or Sell Opportunity • Feb 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to CN¥5.27. The fair value is estimated to be CN¥6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.86, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 8.4% over the past three years. Tillkännagivande • Dec 30
Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.59, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.087 (vs CN¥0.081 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.087 (up from CN¥0.081 in 3Q 2022). Revenue: CN¥343.7m (up 1.5% from 3Q 2022). Net income: CN¥54.6m (up 7.1% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 30
Daoming Optics&Chemical Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.058 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.058 in 2Q 2022). Revenue: CN¥330.8m (up 8.8% from 2Q 2022). Net income: CN¥43.4m (up 20% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 15
Daoming Optics&Chemical Co.,Ltd Announces Management Appointments Daoming Optics&Chemical Co.,Ltd announced at the EGM held on July 13, 2023 that the company approved election of Hu Zhixiong, Hu Haoheng and Yang Shuai as non-independent directors; Li Haifeng as independent director and Li Wenbin and Chen Taohua as shareholder supervisors. composition of non-independent directors: Hu Zhibiao, Hu Zhixiong, Hu Feng, Hu Haoheng, Zhang Yadong and Yang Shuai; independent directors: Chen Lianyong, Li Haifeng and Jin Ying. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.044 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.058 (up from CN¥0.044 in 1Q 2022). Revenue: CN¥296.0m (up 2.6% from 1Q 2022). Net income: CN¥35.9m (up 31% from 1Q 2022). Profit margin: 12% (up from 9.5% in 1Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Hu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.072 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.081 (up from CN¥0.072 in 3Q 2021). Revenue: CN¥338.6m (up 6.2% from 3Q 2021). Net income: CN¥50.9m (up 11% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.058 (vs CN¥0.049 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.058 (up from CN¥0.049 in 2Q 2021). Revenue: CN¥304.1m (down 4.7% from 2Q 2021). Net income: CN¥36.2m (up 21% from 2Q 2021). Profit margin: 12% (up from 9.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Tillkännagivande • May 21
Daoming Optics&Chemical Co.,Ltd Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 27, 2022 Daoming Optics&Chemical Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares), payable on May 27, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.50000000 with record date May 26, 2022 and ex-dividend date May 27, 2022. Tillkännagivande • May 19
Daoming Optics&Chemical Co.,Ltd Approves Dividend for the Year 2021 Daoming Optics&Chemical Co.,Ltd announced at annual general meeting held on 17 May 2022, the shareholders approved cash dividend of CNY 0.50000000 per ten shares (tax included) for the year 2021. Tillkännagivande • Apr 27
Daoming Optics&Chemical Co.,Ltd Proposes Profit Distribution for 2021 Daoming Optics&Chemical Co.,Ltd announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 0.50000000. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Feng Hu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.68, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 2.5% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.13 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥318.8m (down 8.1% from 3Q 2020). Net income: CN¥46.0m (down 45% from 3Q 2020). Profit margin: 14% (down from 24% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.049 (vs CN¥0.08 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥319.0m (flat on 2Q 2020). Net income: CN¥29.9m (down 38% from 2Q 2020). Profit margin: 9.4% (down from 15% in 2Q 2020). 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 1% per year. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.20, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.07 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¥301.1m (up 19% from 1Q 2020). Net income: CN¥50.4m (up 16% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.32 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.27b (down 9.0% from FY 2019). Net income: CN¥169.2m (down 15% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 24
Daoming Optics&Chemical Co.,Ltd to Report Fiscal Year 2020 Results on Mar 26, 2021 Daoming Optics&Chemical Co.,Ltd announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥6.22 The company is down 14% from its price of CN¥7.25 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥6.91 The company is down 9.0% from its price of CN¥7.61 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥7.11 The company is down 16% from its price of CN¥8.43 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 Chemicals industry, which is up 9.0% over the same period. Analyst Estimate Surprise Post Earnings • Oct 26
Third-quarter earnings released: Earnings beat expectations, revenue disappoints Third-quarter revenue missed analyst estimates by 15% at CN¥347.0m. Earnings per share (EPS) exceeded analyst estimates by 8.3% at CN¥0.13. Revenue is forecast to grow 25% over the next year, compared to a 42% growth forecast for the Chemicals industry in China. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥185.1m, down 18% from the prior year. Total revenue was CN¥1.34b over the last 12 months, up 3.1% from the prior year. Tillkännagivande • Oct 19
Daoming Optics&Chemical Co.,Ltd to Report Q3, 2020 Results on Oct 26, 2020 Daoming Optics&Chemical Co.,Ltd announced that they will report Q3, 2020 results on Oct 26, 2020 Is New 90 Day High Low • Oct 14
New 90-day low: CN¥7.61 The company is down 16% from its price of CN¥9.09 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.80 per share. Tillkännagivande • Sep 30
Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd. Nanjing Dynamic Balance Fenglian Venture Capital Partnership Enterprise (Limited Partnership), Nanjing Jiangning Economic Development Industry Equity Investment Partnership Enterprise (Limited Partnership), Weifang Huakong Zhixin Venture Capital Partnership Enterprise (Limited Partnership) and OFILM Group Co., Ltd. (SZSE:002456) agreed to acquire 16.7% stake in MDTP Optics Co., Ltd. from Daoming Optics&Chemical Co.,Ltd (SZSE:002632), Jiang Xumu, Li Shenghua and Yang Rongcheng for CNY 30 million on September 25, 2020. Daoming Optics&Chemical Co.,Ltd will transfer 2.78% stake for CNY 5 million and post completion will own 2.27% stake in MDTP. As of Dec 31, 2019 MDTP has total assets of CNY 67.1 million, net assets of CNY 52.7 million, revenue of CNY 16.6 million and net loss of CNY 1.1 million.
On September 25, 2020, the 2nd session of Daoming Optics&Chemical Co.,Ltd 9th directorate for 2020 approved the transaction. Upcoming Dividend • Sep 21
Upcoming Dividend of CN¥0.13 Per Share Will be paid on the 28th of September to those who are registered shareholders by that date. The trailing yield of 1.6% is below the top quartile of Chinese dividend payers (1.6%), but is in line with industry peers (1.5%). Tillkännagivande • Aug 04
Daoming Optics&Chemical Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Daoming Optics&Chemical Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020