Board Change • Jul 25
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Xichun Yu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 30
Shenzhen Deren Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Shenzhen Deren Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.056 loss per share (vs CN¥2.03 loss in FY 2024) Full year 2025 results: CN¥0.056 loss per share (improved from CN¥2.03 loss in FY 2024). Revenue: CN¥4.51b (down 13% from FY 2024). Net loss: CN¥33.8m (loss narrowed 97% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • Apr 29
Shenzhen Deren Electronic Co., Ltd., Annual General Meeting, May 21, 2026 Shenzhen Deren Electronic Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: No. 366, Chaofeng Road, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China Duyuru • Mar 31
Shenzhen Deren Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Shenzhen Deren Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Duyuru • Dec 31
Shenzhen Deren Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Shenzhen Deren Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.034 (vs CN¥0.051 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.034 (up from CN¥0.051 loss in 3Q 2024). Revenue: CN¥1.15b (down 3.8% from 3Q 2024). Net income: CN¥20.5m (up CN¥51.5m from 3Q 2024). Profit margin: 1.8% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • Sep 30
Shenzhen Deren Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shenzhen Deren Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Duyuru • Sep 04
Tianjin Tongli Bingying No. 16 Equity Investment Fund Partnership Enterprise (Limited Partnership) agreed to acquire 18% stake in Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. from Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) for approximately CNY 140 million. Tianjin Tongli Bingying No. 16 Equity Investment Fund Partnership Enterprise (Limited Partnership) agreed to acquire 18% stake in Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. from Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) for approximately CNY 140 million on September 2, 2025. A cash consideration of CNY 135 million will be paid by Tianjin Tongli Bingying No. 16 Equity Investment Fund Partnership Enterprise (Limited Partnership). As part of consideration, CNY 135 million is paid towards common equity of Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd.
For the period ending June 30, 2025, Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. reported total revenue of CNY 1.81 billion. As of June 30, 2025, Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. reported total common equity of CNY 845.74 million. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.11 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.033 (up from CN¥0.11 loss in 2Q 2024). Revenue: CN¥1.09b (down 21% from 2Q 2024). Net income: CN¥20.0m (up CN¥87.5m from 2Q 2024). Profit margin: 1.8% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • Jul 02
Shenzhen Deren Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Shenzhen Deren Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 New Risk • Jun 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥695m free cash flow). Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Duyuru • Apr 29
Shenzhen Deren Electronic Co., Ltd., Annual General Meeting, May 22, 2025 Shenzhen Deren Electronic Co., Ltd., Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Duyuru • Mar 31
Shenzhen Deren Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Shenzhen Deren Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Dec 31
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 11% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥435m free cash flow). Earnings have declined by 2.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Duyuru • Dec 31
Shenzhen Deren Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Shenzhen Deren Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.051 loss per share (vs CN¥0.002 profit in 3Q 2023) Third quarter 2024 results: CN¥0.051 loss per share (down from CN¥0.002 profit in 3Q 2023). Revenue: CN¥1.20b (down 28% from 3Q 2023). Net loss: CN¥31.1m (down CN¥32.2m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • Sep 30
Shenzhen Deren Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen Deren Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.077 profit in 2Q 2023) Second quarter 2024 results: CN¥0.11 loss per share (down from CN¥0.077 profit in 2Q 2023). Revenue: CN¥1.38b (down 12% from 2Q 2023). Net loss: CN¥67.5m (down 246% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Jun 29
Shenzhen Deren Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shenzhen Deren Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Jun 03
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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥741m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 18% per year over the past 5 years. Duyuru • May 01
Shenzhen Deren Electronic Co., Ltd., Annual General Meeting, May 30, 2024 Shenzhen Deren Electronic Co., Ltd., Annual General Meeting, May 30, 2024, at 14:30 China Standard Time. Location: No. 366, Chaofeng Road, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China Reported Earnings • Apr 30
Full year 2023 earnings released: CN¥0.34 loss per share (vs CN¥0.42 loss in FY 2022) Full year 2023 results: CN¥0.34 loss per share (improved from CN¥0.42 loss in FY 2022). Revenue: CN¥5.99b (down 23% from FY 2022). Net loss: CN¥203.1m (loss narrowed 21% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Duyuru • Mar 30
Shenzhen Deren Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shenzhen Deren Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Duyuru • Jan 03
Shenzhen Deren Electronic Co., Ltd. Approves Appointment of Liu Biao as Non-Independent Director Shenzhen Deren Electronic Co., Ltd. announced at the EGM held on December 29, 2023, approved election of Liu Biao as non-independent director. Duyuru • Dec 30
Shenzhen Deren Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shenzhen Deren Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.007 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.002 (down from CN¥0.007 in 3Q 2022). Revenue: CN¥1.67b (down 15% from 3Q 2022). Net income: CN¥1.15m (down 73% from 3Q 2022). Profit margin: 0.1% (down from 0.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.11 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.077 (up from CN¥0.11 loss in 2Q 2022). Revenue: CN¥1.56b (down 14% from 2Q 2022). Net income: CN¥46.1m (up CN¥114.5m from 2Q 2022). Profit margin: 3.0% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 44% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥506m free cash flow). Earnings have declined by 44% per year over the past 5 years. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.065 loss per share (vs CN¥0.015 profit in 1Q 2022) First quarter 2023 results: CN¥0.065 loss per share (down from CN¥0.015 profit in 1Q 2022). Revenue: CN¥1.81b (down 2.7% from 1Q 2022). Net loss: CN¥39.1m (down CN¥48.1m from profit in 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. 2 highly experienced directors. Chairman of the Board Jianmin Qiu is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.007 (vs CN¥0.14 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.007 (up from CN¥0.14 loss in 3Q 2021). Revenue: CN¥1.97b (up 16% from 3Q 2021). Net income: CN¥4.19m (up CN¥69.2m from 3Q 2021). Profit margin: 0.2% (up from net loss in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.11 loss per share (vs CN¥0.014 profit in 2Q 2021) Second quarter 2022 results: CN¥0.11 loss per share (down from CN¥0.014 profit in 2Q 2021). Revenue: CN¥1.81b (down 6.6% from 2Q 2021). Net loss: CN¥68.4m (down CN¥75.1m from profit in 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Buying Opportunity • Jun 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥13.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.015 (down from CN¥0.029 in 1Q 2021). Revenue: CN¥1.86b (up 3.6% from 1Q 2021). Net income: CN¥9.01m (down 34% from 1Q 2021). Profit margin: 0.5% (down from 0.8% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-Independent Director Yang Qiu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 23
Third quarter 2021 earnings released: CN¥0.14 loss per share (vs CN¥0.11 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥1.70b (down 11% from 3Q 2020). Net loss: CN¥65.1m (down 227% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.014 (vs CN¥0.33 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.94b (up 13% from 2Q 2020). Net income: CN¥6.78m (down 96% from 2Q 2020). Profit margin: 0.3% (down from 9.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.12, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 45% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.027 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.79b (up 33% from 1Q 2020). Net income: CN¥13.6m (up 6.0% from 1Q 2020). Profit margin: 0.8% (down from 0.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥12.70 The company is down 28% from its price of CN¥17.65 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥12.73 The company is down 20% from its price of CN¥15.85 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥14.10 The company is down 17% from its price of CN¥17.00 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Duyuru • Dec 04
Shenzhen Deren Electronic Co., Ltd. Announces Election of Directors Shenzhen Deren Electronic Co., Ltd. announced that its shareholders elected Wang Yuan as non-independent director and Chen Junde, Yu Xichun and Liang Chi as independent directors of the company and Huo Zhudong and Peng Guojing as non-employee supervisors of the company. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥15.02 The company is down 12% from its price of CN¥17.00 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.29 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥411.1m, with earnings decreasing by CN¥623.8m from the prior year. Total revenue was CN¥7.45b over the last 12 months, up 5.1% from the prior year. Duyuru • Oct 20
Shenzhen Deren Electronic Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Shenzhen Deren Electronic Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Duyuru • Aug 11
Shenzhen Deren Electronic Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Shenzhen Deren Electronic Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020