Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.09, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 55x in the Electrical industry in China. Total returns to shareholders of 23% over the past three years. Announcement • Jun 30
Hangzhou Weiguang Electronic Co.,Ltd. to Report First Half, 2026 Results on Aug 14, 2026 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report first half, 2026 results on Aug 14, 2026 Declared Dividend • May 15
Dividend of CN¥0.35 announced Shareholders will receive a dividend of CN¥0.35. Ex-date: 20th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (137% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Apr 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Dividend is not well covered by cash flows (137% cash payout ratio). Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.60 (vs CN¥0.38 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.60 (up from CN¥0.38 in 1Q 2025). Revenue: CN¥347.2m (down 2.4% from 1Q 2025). Net income: CN¥138.1m (up 59% from 1Q 2025). Profit margin: 40% (up from 25% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Announcement • Mar 31
Hangzhou Weiguang Electronic Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥1.59 (vs CN¥0.96 in FY 2024) Full year 2025 results: EPS: CN¥1.59 (up from CN¥0.96 in FY 2024). Revenue: CN¥1.47b (up 4.7% from FY 2024). Net income: CN¥364.4m (up 65% from FY 2024). Profit margin: 25% (up from 16% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Mar 26
Hangzhou Weiguang Electronic Co.,Ltd., Annual General Meeting, Apr 20, 2026 Hangzhou Weiguang Electronic Co.,Ltd., Annual General Meeting, Apr 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China New Risk • Feb 04
New major risk - Revenue and earnings growth Earnings have declined by 1.7% 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 Risk Earnings have declined by 1.7% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 31
Hangzhou Weiguang Electronic Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.52 (vs CN¥0.34 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.52 (up from CN¥0.34 in 3Q 2024). Revenue: CN¥354.9m (up 5.5% from 3Q 2024). Net income: CN¥118.4m (up 53% from 3Q 2024). Profit margin: 33% (up from 23% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 30
Hangzhou Weiguang Electronic Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Jul 24
Second quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.35 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.35 in 2Q 2024). Revenue: CN¥394.9m (up 7.7% from 2Q 2024). Net income: CN¥85.5m (up 4.2% from 2Q 2024). Profit margin: 22% (in line with 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 02
Hangzhou Weiguang Electronic Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.61, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 41x in the Electrical industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥31.57, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 39x in the Electrical industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.32 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.32 in 1Q 2024). Revenue: CN¥355.6m (up 13% from 1Q 2024). Net income: CN¥86.9m (up 19% from 1Q 2024). Profit margin: 25% (up from 23% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 24
Hangzhou Weiguang Electronic Co.,Ltd. Approves Cash Dividend for 2024 Hangzhou Weiguang Electronic Co.,Ltd. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 3.50000000 per 10 shares (tax included) for 2024. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥31.81, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 48% over the past three years. Announcement • Mar 31
Hangzhou Weiguang Electronic Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: CN¥0.96 (vs CN¥0.53 in FY 2023) Full year 2024 results: EPS: CN¥0.96 (up from CN¥0.53 in FY 2023). Revenue: CN¥1.41b (up 11% from FY 2023). Net income: CN¥220.6m (up 82% from FY 2023). Profit margin: 16% (up from 9.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Mar 28
Hangzhou Weiguang Electronic Co.,Ltd., Annual General Meeting, Apr 21, 2025 Hangzhou Weiguang Electronic Co.,Ltd., Annual General Meeting, Apr 21, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥39.27, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 43x in the Electrical industry in China. Total returns to shareholders of 72% over the past three years. New Risk • Mar 13
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 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 (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥33.73, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 41x in the Electrical industry in China. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥31.75, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 65% over the past three years. Buy Or Sell Opportunity • Jan 07
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥23.45. The fair value is estimated to be CN¥19.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 24%. Announcement • Dec 31
Hangzhou Weiguang Electronic Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Buy Or Sell Opportunity • Nov 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to CN¥23.35. The fair value is estimated to be CN¥19.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 264% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.34 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥336.4m (up 11% from 3Q 2023). Net income: CN¥77.3m (up 36% from 3Q 2023). Profit margin: 23% (up from 19% in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 30
Hangzhou Weiguang Electronic Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.45, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 38% over the past three years. Buy Or Sell Opportunity • Jul 31
Now 24% overvalued Over the last 90 days, the stock has fallen 18% to CN¥18.17. The fair value is estimated to be CN¥14.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 310% in the next 2 years. Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.37 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.35 (down from CN¥0.37 in 2Q 2023). Revenue: CN¥366.7m (up 5.0% from 2Q 2023). Net income: CN¥82.1m (down 4.1% from 2Q 2023). Profit margin: 22% (down from 25% in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year. Announcement • Jun 29
Hangzhou Weiguang Electronic Co.,Ltd. to Report First Half, 2024 Results on Aug 09, 2024 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Announcement • May 01
Hangzhou Weiguang Electronic Co.,Ltd., Annual General Meeting, May 22, 2024 Hangzhou Weiguang Electronic Co.,Ltd., Annual General Meeting, May 22, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.33 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.32 (down from CN¥0.33 in 1Q 2023). Revenue: CN¥315.6m (up 4.6% from 1Q 2023). Net income: CN¥72.8m (down 4.0% from 1Q 2023). Profit margin: 23% (down from 25% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.39, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 32x in the Electrical industry in China. Total returns to shareholders of 3.4% over the past three years. Announcement • Mar 30
Hangzhou Weiguang Electronic Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Hangzhou Weiguang Electronic Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.37 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.37 in 3Q 2022). Revenue: CN¥303.3m (up 8.6% from 3Q 2022). Net income: CN¥56.9m (down 34% from 3Q 2022). Profit margin: 19% (down from 31% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 11
Hangzhou Weiguang Electronic Co.,Ltd. (SZSE:002801) announces an Equity Buyback for CNY 80 million worth of its shares. Hangzhou Weiguang Electronic Co.,Ltd. (SZSE:002801) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price of CNY 39.5 per share. The shares repurchased will be used for equity incentives or employee stock ownership plans. The source of funds for the share repurchase is the company's own funds. The authorization will be valid for a period of 12 months. New Risk • Aug 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 22
Second quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.37 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.37 in 2Q 2022). Revenue: CN¥349.1m (up 8.1% from 2Q 2022). Net income: CN¥85.6m (flat on 2Q 2022). Profit margin: 25% (down from 26% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Hangzhou Weiguang Electronic Co.,Ltd. to Report First Half, 2023 Results on Aug 10, 2023 Hangzhou Weiguang Electronic Co.,Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Buying Opportunity • Jun 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥29.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 98% in 2 years. Earnings is forecast to grow by 63% in the next 2 years. Announcement • May 11
Hangzhou Weiguang Electronic Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 17 May 2023 Hangzhou Weiguang Electronic Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2022, payable on 17 May 2023. Record date is 16 May 2023. Ex-date is 17 May 2023. Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥1.34 (up from CN¥1.11 in FY 2021). Revenue: CN¥1.20b (up 8.4% from FY 2021). Net income: CN¥307.9m (up 21% from FY 2021). Profit margin: 26% (up from 23% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jianxin Shen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.29 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥279.3m (up 3.5% from 3Q 2021). Net income: CN¥86.7m (up 31% from 3Q 2021). Profit margin: 31% (up from 25% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥33.91, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.28 in 2Q 2021). Revenue: CN¥322.9m (up 9.7% from 2Q 2021). Net income: CN¥84.9m (up 35% from 2Q 2021). Profit margin: 26% (up from 21% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 39%, compared to a 59% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.17 in 1Q 2021). Revenue: CN¥330.6m (up 44% from 1Q 2021). Net income: CN¥77.4m (up 93% from 1Q 2021). Profit margin: 23% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Deputy Head of the External Rotor Fan Division & Non-Independent Director Rong Dong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥26.98, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 32x in the Electrical industry in China. Total returns to shareholders of 102% over the past three years. Announcement • Apr 15
Hangzhou Weiguang Electronic Co., Ltd. Announces Profit Distribution for 2021 Hangzhou Weiguang Electronic Co., Ltd. announced on 23 March 2022 the profit distribution for 2021 as Cash dividend of CNY 5.00000000 per 10 shares (tax included). Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.11 (up from CN¥0.84 in FY 2020). Revenue: CN¥1.11b (up 39% from FY 2020). Net income: CN¥254.4m (up 32% from FY 2020). Profit margin: 23% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.23, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 46x in the Electrical industry in China. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥21.95, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 47x in the Electrical industry in China. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.23 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥294.5m (up 55% from 2Q 2020). Net income: CN¥62.9m (up 18% from 2Q 2020). Profit margin: 21% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥20.82, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 87% over the past three years. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.23 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥294.5m (up 55% from 2Q 2020). Net income: CN¥62.9m (up 18% from 2Q 2020). Profit margin: 21% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year. Announcement • May 29
Hangzhou Weiguang Electronic Co., Ltd. Announces 2020 Final Profit Distribution, Payable on 3 June 2021 Hangzhou Weiguang Electronic Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included) of CNY 3.00000000. Record date is 02 June 2021, Ex-date is 03 June 2021, Payment date is 03 June 2021. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Net cash dividend/10 shares after tax CNY 2.70000000. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.28 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥229.9m (up 36% from 1Q 2020). Net income: CN¥40.1m (down 6.7% from 1Q 2020). Profit margin: 17% (down from 25% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS CN¥1.26 (vs CN¥1.08 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥798.2m (flat on FY 2019). Net income: CN¥193.4m (up 17% from FY 2019). Profit margin: 24% (up from 21% in FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥32.74 The company is down 4.0% from its price of CN¥34.00 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 3.0% over the same period. Announcement • Feb 20
Hangzhou Weiguang Electronic Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021 Hangzhou Weiguang Electronic Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021 Reported Earnings • Feb 09
Full year 2020 earnings released: EPS CN¥1.27 (vs CN¥1.08 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥798.1m (flat on FY 2019). Net income: CN¥193.9m (up 17% from FY 2019). Profit margin: 24% (up from 21% in FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 09
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 12%. Over the next year, revenue is forecast to grow 19%, compared to a 45% growth forecast for the Electrical industry in China. Is New 90 Day High Low • Feb 02
New 90-day high: CN¥38.39 The company is up 17% from its price of CN¥32.89 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 17% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: CN¥37.50 The company is up 18% from its price of CN¥31.77 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: CN¥36.16 The company is up 14% from its price of CN¥31.68 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: CN¥35.29 The company is up 14% from its price of CN¥31.05 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 8.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥181.3m, up 29% from the prior year. Total revenue was CN¥764.7m over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 28
New 90-day high: CN¥35.08 The company is up 6.0% from its price of CN¥33.09 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 8.0% over the same period. Announcement • Aug 10
Hangzhou Weiguang Electronic Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Hangzhou Weiguang Electronic Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 
