Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥1.62 (vs CN¥0.79 in 1Q 2025) First quarter 2026 results: EPS: CN¥1.62 (up from CN¥0.79 in 1Q 2025). Revenue: CN¥1.06b (up 66% from 1Q 2025). Net income: CN¥176.3m (up 105% from 1Q 2025). Profit margin: 17% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 22
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 8.1% 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. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥280, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Auto industry in China. Total returns to shareholders of 550% over the past three years. Major Estimate Revision • Apr 07
Consensus revenue estimates increase by 15% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥5.25b to CN¥6.02b. EPS estimate increased from CN¥9.08 to CN¥10.88 per share. Net income forecast to grow 45% next year vs 31% growth forecast for Auto industry in China. Consensus price target up from CN¥238 to CN¥291. Share price fell 2.0% to CN¥213 over the past week. Announcement • Mar 31
Zhejiang Taotao Vehicles Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 31
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥7.50 (up from CN¥3.96 in FY 2024). Revenue: CN¥3.94b (up 32% from FY 2024). Net income: CN¥816.3m (up 89% from FY 2024). Profit margin: 21% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
Zhejiang Taotao Vehicles Co., Ltd., Annual General Meeting, Apr 21, 2026 Zhejiang Taotao Vehicles Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Lishui, Zhejiang China Buy Or Sell Opportunity • Mar 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CN¥199. The fair value is estimated to be CN¥255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock has risen 1.1% to CN¥207. The fair value is estimated to be CN¥261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • Feb 13
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CN¥208. The fair value is estimated to be CN¥260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • Jan 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥205. The fair value is estimated to be CN¥261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Announcement • Dec 31
Zhejiang Taotao Vehicles Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Buy Or Sell Opportunity • Dec 02
Now 20% undervalued Over the last 90 days, the stock has risen 9.2% to CN¥205. The fair value is estimated to be CN¥257, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • Nov 12
Now 21% undervalued Over the last 90 days, the stock has risen 20% to CN¥203. The fair value is estimated to be CN¥258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥2.43 (vs CN¥1.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥2.43 (up from CN¥1.11 in 3Q 2024). Revenue: CN¥1.06b (up 28% from 3Q 2024). Net income: CN¥264.3m (up 121% from 3Q 2024). Profit margin: 25% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥247, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Auto industry in China. Total returns to shareholders of 363% over the past year. Announcement • Sep 30
Zhejiang Taotao Vehicles Co., Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 New Risk • Sep 19
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 9.0% 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 (9.0% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥243, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Auto industry in China. Total returns to shareholders of 342% over the past year. Announcement • Sep 12
Zhejiang Taotao Vehicles Co., Ltd. Approves Interim Cash Dividend for the Year 2025 Zhejiang Taotao Vehicles Co., Ltd. announced that at its EGM held on September 10, 2025, shareholders approved interim cash dividend of CNY 15 per 10 shares (tax included) for the year 2025. Major Estimate Revision • Sep 01
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥5.34 to CN¥6.48. Revenue forecast steady at CN¥4.01b. Net income forecast to grow 36% next year vs 41% growth forecast for Auto industry in China. Consensus price target up from CN¥113 to CN¥212. Share price fell 4.5% to CN¥183 over the past week. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥2.37 (vs CN¥1.18 in 2Q 2024) Second quarter 2025 results: EPS: CN¥2.37 (up from CN¥1.18 in 2Q 2024). Revenue: CN¥1.07b (up 23% from 2Q 2024). Net income: CN¥256.0m (up 95% from 2Q 2024). Profit margin: 24% (up from 15% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in China. Announcement • Aug 27
Zhejiang Taotao Vehicles Co., Ltd. Proposes Interim Cash Dividend for the Year 2025 Zhejiang Taotao Vehicles Co., Ltd. at its EGM to be held on September 10, 2025 proposed interim cash dividend of CNY 15.00 per 10 shares (tax included) for the year 2025. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥195, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Auto industry in China. Total returns to shareholders of 367% over the past year. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥161, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Auto industry in China. Total returns to shareholders of 254% over the past year. Announcement • Jul 02
Zhejiang Taotao Vehicles Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥124, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Auto industry in China. Total returns to shareholders of 147% over the past year. New Risk • Jun 09
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 8.4% 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 High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥81.89, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Auto industry in China. Total returns to shareholders of 36% over the past year. Declared Dividend • May 24
Dividend of CN¥1.50 announced Shareholders will receive a dividend of CN¥1.50. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (47% 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 15% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Zhejiang Taotao Vehicles Co., Ltd., Annual General Meeting, May 19, 2025 Zhejiang Taotao Vehicles Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. 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 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Apr 05
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥3.98 (up from CN¥2.74 in FY 2023). Revenue: CN¥2.97b (up 39% from FY 2023). Net income: CN¥432.8m (up 54% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Auto industry in China. Announcement • Mar 31
Zhejiang Taotao Vehicles Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Price Target Changed • Jan 17
Price target increased by 7.3% to CN¥81.43 Up from CN¥75.90, the current price target is an average from 4 analysts. New target price is 12% above last closing price of CN¥72.65. Stock is up 19% over the past year. The company is forecast to post earnings per share of CN¥3.62 for next year compared to CN¥2.74 last year. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥72.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Auto industry in China. Total returns to shareholders of 22% over the past year. Announcement • Dec 31
Zhejiang Taotao Vehicles Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Announcement • Dec 28
Zhejiang Taotao Vehicles Co., Ltd. Approves Cash Dividend for the Third Quarter of 2024 Zhejiang Taotao Vehicles Co., Ltd. at its EGM held on December 26, 2024 approved cash dividend of CNY 5.00 per 10 shares for the third quarter of 2024. Announcement • Dec 12
Zhejiang Taotao Vehicles Co., Ltd. Proposes Cash Dividend for the Third Quarter 2024 Zhejiang Taotao Vehicles Co., Ltd. announced on 11 December 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included): CNY 5.00000000. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥1.11 (vs CN¥0.64 in 3Q 2023) Third quarter 2024 results: EPS: CN¥1.11 (up from CN¥0.64 in 3Q 2023). Revenue: CN¥829.5m (up 48% from 3Q 2023). Net income: CN¥119.4m (up 71% from 3Q 2023). Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto industry in China. Announcement • Oct 23
Zhejiang Taotao Vehicles Co., Ltd. Announces Board and Executive Changes Zhejiang Taotao Vehicles Co., Ltd. at its EGM held on 21 October 2024 appointed Cao Yuejin, Yao Guangqing as non-independent director; Zhang Jianxin, Chen Dongpo and Chen Junze as independent director; Zhu Feijian as non-employee supervisor. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥61.98, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Auto industry in China. Total returns to shareholders of 29% over the past year. Announcement • Sep 30
Zhejiang Taotao Vehicles Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥1.18 (vs CN¥0.91 in 2Q 2023) Second quarter 2024 results: EPS: CN¥1.18 (up from CN¥0.91 in 2Q 2023). Revenue: CN¥870.8m (up 100% from 2Q 2023). Net income: CN¥131.1m (up 32% from 2Q 2023). Profit margin: 15% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China. Announcement • Jun 29
Zhejiang Taotao Vehicles Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥57.03, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Auto industry in China. Total returns to shareholders of 25% over the past year. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.43 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.43 in 1Q 2023). Revenue: CN¥519.9m (up 49% from 1Q 2023). Net income: CN¥50.9m (up 46% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto industry in China. Board Change • Apr 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . 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 • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.43 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.43 in 1Q 2023). Revenue: CN¥519.9m (up 49% from 1Q 2023). Net income: CN¥50.9m (up 46% from 1Q 2023). Profit margin: 9.8% (in line with 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥73.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Auto industry in China. Total returns to shareholders of 52% over the past year. Announcement • Mar 30
Zhejiang Taotao Vehicles Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥48.34, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 20x in the Auto industry in China. Announcement • Dec 30
Zhejiang Taotao Vehicles Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.64 (vs CN¥0.67 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.64. Revenue: CN¥561.9m (up 13% from 3Q 2022). Net income: CN¥70.0m (up 28% from 3Q 2022). Profit margin: 13% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Oct 01
Zhejiang Taotao Vehicles Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Zhejiang Taotao Vehicles Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.91 (vs CN¥0.84 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.91 (up from CN¥0.84 in 2Q 2022). Revenue: CN¥435.9m (up 7.2% from 2Q 2022). Net income: CN¥99.6m (up 45% from 2Q 2022). Profit margin: 23% (up from 17% in 2Q 2022). Announcement • Jun 08
Zhejiang Taotao Vehicles Co., Ltd. Approves Cash Dividend for the Year 2022 Zhejiang Taotao Vehicles Co., Ltd. approved cash dividend of CNY 15.00000000 (tax included) per 10 shares for 2022, at its AGM held on June 5, 2023. 
