Chinese diamond jewelry brand known for exclusive one-ring-per-lifetime engagement ring marketing.
Chinese diamond jewelry brand known for exclusive one-ring-per-lifetime engagement ring marketing.
Sells diamond rings at brand-led retail prices through its own stores and online, so the premium it earns over the stone's cost comes from the brand rather than the stone. Sales rise and fall with the number of weddings and engagements.
In one line: A China-based De Beers-style branded diamond retailer.
Moat: narrow (brand). Distinctive branded marketing concept differentiates it in a crowded jewelry market.
Headquarters: China · Employees: 1,994
Size DR Corporation Limited Class A (301177.SZ) is a China Consumer Discretionary company (Other Consumer Specialties) with a market value of $1.29B, the 1855th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.54 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against +0.9% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue fell 3.5% over the last twelve months (peer median +19.0%); the operating margin is -6.0% (peer median 12.1%).
Valuation It trades at 124.3× forward earnings against a peer median of 19.9× (most expensive of 16).
Capital Return on invested capital runs 8.8 points below its cost of capital (11.0% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.47B | CN¥1.45B | CN¥1.41B | CN¥2.06B | CN¥3.48B |
| Revenue growth | — | +3% | -32% | -41% | — |
| Gross profit | CN¥944M | CN¥712M | CN¥617M | CN¥925M | CN¥1.92B |
| EBITDA | n/a | CN¥249M | CN¥197M | CN¥341M | CN¥1.21B |
| Net income | CN¥74.4M | CN¥139M | CN¥53.0M | CN¥69.0M | CN¥729M |
| Free cash flow | -CN¥134M | -CN¥365M | CN¥211M | CN¥131M | CN¥746M |
| Capital expenditure | CN¥340M | CN¥313M | CN¥272M | CN¥77.2M | CN¥155M |
| Total debt | CN¥1.01B | CN¥1.06B | CN¥693M | CN¥764M | CN¥1.53B |
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| Measure | 301177.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | -0.1% | 4th lowest of 21 |
| 6-month return | -25.8% | +0.9% | 2nd lowest of 20 |
| Distance from 52-week high | -50.8% | -24.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | -3.5% | +19.0% | 3rd lowest of 21 |
| Operating margin | -6.0% | 12.1% | lowest of 21 |
| Forward P/E | 124.3× | 19.9× | most expensive of 16 |
| ROIC minus cost of capital | -8.8 pp | +3.0 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |
| Thangamayil Jewellery THANGAMAYL.NS | India | $1.37B | +1% | +78% | 6% | 29.4× | 28.5% | +36.1% |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 20.6× | n/a | n/a |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 10.8× | -11.5% | +23.9% |
| Savaria SIS.TO | Canada | $1.53B | +3% | +7% | 14% | 19.9× | 9.3% | +20.8% |
| Sky Gold and Diamonds SKYGOLD.NS | India | $1.56B | +92% | +73% | 7% | 31.5× | n/a | n/a |
| PC Jeweller PCJEWELLER.NS | India | $1.63B | +67% | +29% | 24% | n/a | n/a | n/a |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | n/a | 26.5% | -25.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |
| China National Gold Group Gold Jewellery 600916.SS | China | $1.80B | -20% | -9% | 0% | 28.6× | 24.2% | +15.6% |
| Lao Feng Xiang 600612.SS | China | $2.04B | -17% | -40% | 6% | 17.2× | -16.9% | +0.4% |
| Timex Group India TIMEX.NS | India | $750M | +90% | +42% | 15% | 60.5× | 25.7% | +41.7% |
| Samsonite 1910.HK | Hong Kong | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% | +18.0% |
| Safari Industries (India) SAFARI.NS | India | $651M | -18% | +14% | 9% | 32.9× | 31.3% | +44.2% |
| Zhou Liu Fu Jewellery 6168.HK | Hong Kong | $632M | -42% | +2% | 19% | 5.0× | n/a | n/a |
| Senco Gold SENCO.NS | India | $556M | -7% | +42% | 9% | 13.6× | n/a | n/a |
| KDDL KDDL.NS | India | $518M | +64% | +32% | 9% | 17.8× | 33.2% | +31.5% |
| Goldiam International GOLDIAM.NS | India | $505M | +1% | +27% | 20% | n/a | 35.6% | +19.2% |
| Movado MOV | United States | $495M | +11% | +5% | 7% | 16.1× | -7.2% | +5.5% |