Financials Dawning Information Industry Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 2025-07-09			5-day change	1st Jan Change
68.43 ^CNY	-0.87%		-1.28%	-5.38%

Jun. 22	Dawning Information Industry Co., Ltd.(SHSE:603019) dropped from Shanghai Stock Exchange 180 Value Index	CI
Jun. 11	Hygon to Absorb Dawning in 116-Billion-Yuan Transaction; Hygon Shares Down 4%	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,102	11,183	13,009	14,353	13,166	15,913	16,828	19,541
Change	-	10.7%	16.33%	10.33%	-8.27%	20.86%	5.76%	16.12%
EBITDA ¹	1,376	1,816	2,432	2,806	3,137	4,082	4,320	5,096
Change	-	31.95%	33.95%	15.36%	11.82%	30.11%	5.83%	17.97%
EBIT ¹	1,055	1,408	1,896	2,176	2,290	3,010	3,420	4,156
Change	-	33.51%	34.62%	14.76%	5.26%	31.46%	13.61%	21.53%
Interest Paid	-16.09	-	-57.45	-80.3	-	-	-	-24
Earnings before Tax (EBT) ¹	1,067	1,422	1,899	2,179	2,293	3,012	3,207	4,158
Change	-	33.34%	33.48%	14.76%	5.24%	31.34%	6.46%	29.68%
Net income ¹	819.4	1,135	1,515	1,836	1,914	2,543	3,063	3,499
Change	-	38.47%	33.5%	21.19%	4.26%	32.86%	20.46%	14.24%
Announcement Date	3/10/21	2/22/22	2/23/23	2/24/24	2/26/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	1,969	4,145	-	2,357	6,595	2,479	3,233	2,329	5,125	3,422	2,484	5,445	2,929	3,821	2,753	6,034
Change	-	110.58%	-	-	179.73%	-62.41%	30.45%	-27.96%	120.01%	-33.22%	-27.42%	119.2%	-46.21%	30.45%	-27.95%	119.18%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	562	-	-	1,204	-	-	314.8	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	562.3	-	-	1,202	209.2	531.3	314	1,234	367.9	-	-	-	-	-	-
Change	-	-	-	-	-	-82.6%	153.97%	-40.91%	292.91%	-70.18%	-	-	-	-	-	-
Net income ¹	-	495.5	413.8	-	1,086	142.6	415.4	206.4	1,145	297.7	-	-	-	-	-	-
Change	-	-	-16.49%	-	-	-86.87%	191.37%	-50.32%	454.64%	-73.99%	-	-	-	-	-	-
Announcement Date	10/27/20	3/10/21	8/24/23	10/26/23	2/24/24	4/25/24	8/14/24	10/28/24	2/26/25	-	-	-	-	-	-	-

¹CNY in Million

Estimates

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-7,654	-5,206	-3,806	-4,472	-	-	-	-
Change	-	31.98%	26.89%	-17.5%	-	-	-	-
Announcement Date	3/10/21	2/22/22	2/23/23	2/24/24	2/26/25	-	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	554	1,624	2,685	2,166	857.9	995.5	888	876.2
Change	-	193.2%	65.32%	-19.34%	-60.39%	16.04%	-10.79%	-1.33%
Free Cash Flow (FCF) ¹	-	-	-	1,344	1,864	-	-	-
Change	-	-	-	-	38.69%	-100%	-	-
Announcement Date	3/10/21	2/22/22	2/23/23	2/24/24	2/26/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	13.62%	16.24%	18.7%	19.55%	23.83%	25.65%	25.67%	26.08%
EBIT Margin (%)	10.44%	12.59%	14.57%	15.16%	17.39%	18.92%	20.32%	21.27%
EBT Margin (%)	10.56%	12.72%	14.6%	15.18%	17.42%	18.93%	19.05%	21.28%
Net margin (%)	8.11%	10.15%	11.64%	12.79%	14.54%	15.98%	18.2%	17.91%
FCF margin (%)	-	-	-	9.36%	14.16%	-	-	-
FCF / Net Income (%)	-	-	-	73.21%	97.38%	-	-	-
Profitability
ROA	4.34%	4.82%	5.31%	5.79%	5.61%	5.45%	6.15%	5.6%
ROE	12.46%	9.37%	10.21%	10.3%	9.81%	11.13%	11.21%	11.79%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.48%	14.52%	20.64%	15.09%	6.52%	6.26%	5.28%	4.48%
CAPEX / EBITDA (%)	40.26%	89.45%	110.39%	77.19%	27.34%	24.39%	20.56%	17.19%
CAPEX / FCF (%)	-	-	-	161.15%	46.02%	-	-	-
Items per share
Cash flow per share ¹	1.596	-0.3385	0.7684	2.398	1.86	1.965	1.992	2.155
Change	-	-121.21%	327%	212.09%	-22.43%	5.63%	1.37%	8.18%
Dividend per Share ¹	0.14	0.16	0.22	0.25	0.27	0.2832	0.3158	0.35
Change	-	14.29%	37.5%	13.64%	8%	4.88%	11.51%	10.84%
Book Value Per Share ¹	8	8.65	11.62	12.74	13.94	15.61	16.72	18.46
Change	-	8.13%	34.38%	9.63%	9.42%	11.95%	7.14%	10.35%
EPS ¹	0.62	0.78	1.04	1.25	1.31	1.763	1.968	2.393
Change	-	25.81%	33.33%	20.19%	4.8%	34.61%	11.58%	21.64%
Nbr of stocks (in thousands)	1,450,729	1,463,169	1,464,014	1,463,579	1,463,204	1,463,116	1,463,116	1,463,116
Announcement Date	3/10/21	2/22/22	2/23/23	2/24/24	2/26/25	-	-	-