Buy Or Sell Opportunity • Jul 30
Now 21% overvalued Over the last 90 days, the stock has fallen 9.0% to CN¥15.94. The fair value is estimated to be CN¥13.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Announcement • Jun 30
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2026 Results on Aug 26, 2026 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • May 11
Dividend of CN¥0.70 announced Dividend of CN¥0.70 is the same as last year. Ex-date: 14th May 2026 Payment date: 14th May 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥17.18. The fair value is estimated to be CN¥21.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Mar 31
Hefei Meyer Optoelectronic Technology Inc. to Report Q1, 2026 Results on Apr 25, 2026 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q1, 2026 results on Apr 25, 2026 Buy Or Sell Opportunity • Mar 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CN¥17.38. The fair value is estimated to be CN¥22.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 3.1%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 30% in the next 2 years. Announcement • Mar 31
Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 22, 2026 Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Announcement • Dec 31
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2025 Results on Mar 31, 2026 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2025 results on Mar 31, 2026 Price Target Changed • Nov 22
Price target increased by 8.7% to CN¥22.65 Up from CN¥20.84, the current price target is an average from 6 analysts. New target price is 18% above last closing price of CN¥19.20. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥0.83 for next year compared to CN¥0.74 last year. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥671.5m (up 3.7% from 3Q 2024). Net income: CN¥216.1m (up 21% from 3Q 2024). Profit margin: 32% (up from 28% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Announcement • Sep 30
Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2025 Results on Oct 25, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q3, 2025 results on Oct 25, 2025 Price Target Changed • Sep 10
Price target increased by 12% to CN¥20.24 Up from CN¥18.12, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥19.98. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥0.80 for next year compared to CN¥0.74 last year. Price Target Changed • Sep 08
Price target increased by 11% to CN¥19.12 Up from CN¥17.22, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥20.00. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥0.82 for next year compared to CN¥0.74 last year. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.19 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.22 (up from CN¥0.19 in 2Q 2024). Revenue: CN¥630.2m (up 5.2% from 2Q 2024). Net income: CN¥194.3m (up 14% from 2Q 2024). Profit margin: 31% (up from 29% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Announcement • Jul 02
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2025 Results on Aug 26, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2025 results on Aug 26, 2025 Buy Or Sell Opportunity • May 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥16.74. The fair value is estimated to be CN¥13.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Declared Dividend • May 12
Dividend of CN¥0.70 announced Dividend of CN¥0.70 is the same as last year. Ex-date: 14th May 2025 Payment date: 14th May 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4.3% to bring the payout ratio under control. EPS is expected to grow by 36% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.12 in 1Q 2024). Revenue: CN¥392.3m (up 18% from 1Q 2024). Net income: CN¥108.5m (up 7.5% from 1Q 2024). Profit margin: 28% (down from 30% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Buy Or Sell Opportunity • Apr 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥16.98. The fair value is estimated to be CN¥14.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Mar 31
Hefei Meyer Optoelectronic Technology Inc. to Report Q1, 2025 Results on Apr 26, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 29
Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend for 2024 Hefei Meyer Optoelectronic Technology Inc. proposed final cash dividend of CNY 7.00000000 per 10 shares (tax included) for 2024. Buy Or Sell Opportunity • Mar 28
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥17.15. The fair value is estimated to be CN¥13.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 6.6%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Announcement • Mar 28
Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 22, 2025 Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 22, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Announcement • Dec 31
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2024 Results on Mar 28, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2024 results on Mar 28, 2025 Price Target Changed • Nov 07
Price target decreased by 14% to CN¥16.68 Down from CN¥19.45, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥16.05. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.85 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥647.7m (down 6.1% from 3Q 2023). Net income: CN¥178.1m (down 18% from 3Q 2023). Profit margin: 28% (down from 31% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2024 Results on Oct 26, 2024 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥14.52, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 45% over the past three years. Major Estimate Revision • Aug 28
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.75b to CN¥2.45b. EPS estimate fell from CN¥0.986 to CN¥0.79 per share. Net income forecast to grow 19% next year vs 41% growth forecast for Machinery industry in China. Consensus price target down from CN¥25.13 to CN¥23.07. Share price fell 11% to CN¥12.62 over the past week. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥598.9m (up 6.9% from 2Q 2023). Net income: CN¥171.0m (down 23% from 2Q 2023). Profit margin: 29% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2024 Results on Aug 22, 2024 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2024 results on Aug 22, 2024 Declared Dividend • May 15
Dividend of CN¥0.70 announced Dividend of CN¥0.70 is the same as last year. Ex-date: 17th May 2024 Payment date: 17th May 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥331.4m (down 19% from 1Q 2023). Net income: CN¥100.9m (down 19% from 1Q 2023). Profit margin: 30% (in line with 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.83 in FY 2022). Revenue: CN¥2.43b (up 15% from FY 2022). Net income: CN¥744.8m (up 2.0% from FY 2022). Profit margin: 31% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 08
Price target decreased by 8.0% to CN¥25.03 Down from CN¥27.21, the current price target is an average from 7 analysts. New target price is 36% above last closing price of CN¥18.37. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.83 last year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥18.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.39 per share. Announcement • Dec 29
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2023 Results on Mar 30, 2024 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2023 results on Mar 30, 2024 Buying Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥24.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.26 in 3Q 2022). Revenue: CN¥689.8m (up 16% from 3Q 2022). Net income: CN¥216.9m (down 6.8% from 3Q 2022). Profit margin: 31% (down from 39% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 26
Price target decreased by 11% to CN¥32.10 Down from CN¥36.16, the current price target is an average from 5 analysts. New target price is 48% above last closing price of CN¥21.71. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.83 last year. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥560.3m (up 12% from 2Q 2022). Net income: CN¥221.3m (up 5.0% from 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Deputy GM & Supervisor Ying Jiu Ni was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 06
Hefei Meyer Optoelectronic Technology Inc. Announces Implements Final Profit Distribution Plan of A Shares for 2022, Payable on May 11, 2023 Hefei Meyer Optoelectronic Technology Inc. announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 10 May 2023; Ex-date: 11 May 2023, Payment date: 11 May 2023. Net cash dividend/10 shares after tax: CNY 6.30000000 (CNY 7.00000000- CNY 0.70000000). Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2022). Revenue: CN¥407.0m (up 1.3% from 1Q 2022). Net income: CN¥125.0m (up 10.0% from 1Q 2022). Profit margin: 31% (up from 28% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥32.69, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.38 per share. Price Target Changed • Mar 17
Price target increased by 8.3% to CN¥36.37 Up from CN¥33.59, the current price target is an average from 6 analysts. New target price is 37% above last closing price of CN¥26.46. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥0.76 for next year compared to CN¥0.58 last year. Buying Opportunity • Dec 21
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥28.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Dec 02
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥30.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Nov 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be CN¥30.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Nov 09
Now 20% undervalued Over the last 90 days, the stock is up 9.7%. The fair value is estimated to be CN¥31.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.20 in 3Q 2021). Revenue: CN¥595.4m (up 7.7% from 3Q 2021). Net income: CN¥232.7m (up 29% from 3Q 2021). Profit margin: 39% (up from 33% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥25.27, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 5.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.18 per share. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥502.4m (up 6.7% from 2Q 2021). Net income: CN¥210.7m (up 49% from 2Q 2021). Profit margin: 42% (up from 30% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 24%, compared to a 35% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 08
Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend on A Shares for the Year 2021, Payable on May 13, 2022 Hefei Meyer Optoelectronic Technology Inc. proposed final cash dividend per ten shares (tax included) on A shares of CNY 8.00000000 for the year 2021, payable on May 13, 2022. Record date to be May 12, 2022. Ex-date to be May 13, 2022. Price Target Changed • Apr 27
Price target decreased to CN¥41.98 Down from CN¥45.18, the current price target is an average from 9 analysts. New target price is 93% above last closing price of CN¥21.70. Stock is down 53% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.76 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2021). Revenue: CN¥401.9m (up 15% from 1Q 2021). Net income: CN¥113.6m (up 5.9% from 1Q 2021). Profit margin: 28% (down from 31% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the next year, revenue is forecast to grow 20%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 06
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.22b to CN¥2.16b. EPS estimate also fell from CN¥1.09 per share to CN¥0.93 per share. Net income forecast to grow 23% next year vs 39% growth forecast for Machinery industry in China. Consensus price target down from CN¥54.90 to CN¥48.37. Share price fell 7.5% to CN¥25.78 over the past week. Announcement • Apr 02
Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 26, 2022 Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 26, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual accounts; to consider 2022 financial budget report; to consider 2021 profit distribution plan; to consider 2021 remuneration for directors, supervisors and senior management; to consider 2021 special report on the deposit and use of raised funds; to consider Reappointment of audit firm; to consider Amendments to the articles of association; and to consider other matter also. Price Target Changed • Apr 01
Price target decreased to CN¥48.37 Down from CN¥54.90, the current price target is an average from 9 analysts. New target price is 84% above last closing price of CN¥26.35. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.76 last year. Announcement • Apr 01
Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend for the Year 2021 Hefei Meyer Optoelectronic Technology Inc. proposed final cash dividend pf CNY 8.00000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.76 (up from CN¥0.65 in FY 2020). Revenue: CN¥1.81b (up 21% from FY 2020). Net income: CN¥511.1m (up 17% from FY 2020). Profit margin: 28% (down from 29% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 22%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.27 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥552.6m (up 4.0% from 3Q 2020). Net income: CN¥179.9m (flat on 3Q 2020). Profit margin: 33% (down from 34% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.16 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥470.7m (up 31% from 2Q 2020). Net income: CN¥141.7m (up 30% from 2Q 2020). Profit margin: 30% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.057 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥349.9m (up 122% from 1Q 2020). Net income: CN¥107.3m (up 179% from 1Q 2020). Profit margin: 31% (up from 24% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 09
Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥1.50b (flat on FY 2019). Net income: CN¥438.2m (down 20% from FY 2019). Profit margin: 29% (down from 36% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 06
Price target lowered to CN¥55.51 Down from CN¥60.14, the current price target is an average from 10 analysts. The new target price is 28% above the current share price of CN¥43.30. As of last close, the stock is up 7.8% over the past year. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥1.50b (flat on FY 2019). Net income: CN¥441.2m (down 19% from FY 2019). Profit margin: 29% (down from 36% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day low: CN¥39.60 The company is down 14% from its price of CN¥46.12 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥34.20 per share. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥39.60, the stock is trading at a trailing P/E ratio of 56.9x, down from the previous P/E ratio of 67.8x. This compares to an average P/E of 34x in the Machinery industry in China. Total returns to shareholders over the past three years are 123%. Announcement • Feb 24
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2020 Results on Apr 08, 2021 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2020 results on Apr 08, 2021 Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 16% share price gain to CN¥49.10, the stock is trading at a trailing P/E ratio of 70.6x, up from the previous P/E ratio of 60.8x. This compares to an average P/E of 41x in the Machinery industry in China. Total returns to shareholders over the past three years are 176%. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥45.50 The company is down 26% from its price of CN¥61.40 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.53 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥470.1m, down 11% from the prior year. Total revenue was CN¥1.50b over the last 12 months, up 4.8% from the prior year. Announcement • Oct 20
Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2020 Results on Oct 28, 2020 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q3, 2020 results on Oct 28, 2020 Announcement • Aug 08
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2020 Results on Aug 26, 2020 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2020 results on Aug 26, 2020 
