Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.002 (vs CN¥0.002 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.002 (in line with 1Q 2025). Revenue: CN¥314.7m (up 3.0% from 1Q 2025). Net income: CN¥1.12m (up 17% from 1Q 2025). Profit margin: 0.4% (up from 0.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Apr 25
North Electro-Optic Co.,Ltd., Annual General Meeting, May 15, 2026 North Electro-Optic Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: No. 35, Changle Middle Road, Xincheng District, Xi'an, Shaanxi China New Risk • Apr 20
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 8.3% 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 Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Mar 30
North Electro-Optic Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 North Electro-Optic Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings have declined by 55% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 26
North Electro-Optic Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 North Electro-Optic Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.022 (vs CN¥0.014 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.022 (up from CN¥0.014 loss in 3Q 2024). Revenue: CN¥555.8m (up 69% from 3Q 2024). Net income: CN¥12.3m (up CN¥17.6m from 3Q 2024). Profit margin: 2.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
North Electro-Optic Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 North Electro-Optic Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 03
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 8.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.022 (vs CN¥0.031 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.022 (down from CN¥0.031 in 2Q 2024). Revenue: CN¥553.2m (up 14% from 2Q 2024). Net income: CN¥11.4m (down 28% from 2Q 2024). Profit margin: 2.1% (down from 3.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. New Risk • Jul 08
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 7.3% 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. Announcement • Jun 30
North Electro-Optic Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 North Electro-Optic Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Buy Or Sell Opportunity • May 13
Now 21% undervalued Over the last 90 days, the stock has risen 32% to CN¥15.22. The fair value is estimated to be CN¥19.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 29% per annum. Earnings are also forecast to grow by 68% per annum over the same time period. New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Apr 29
North Electro-Optic Co.,Ltd., Annual General Meeting, May 20, 2025 North Electro-Optic Co.,Ltd., Annual General Meeting, May 20, 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 7.9% 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 Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Mar 28
North Electro-Optic Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 North Electro-Optic Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 27
North Electro-Optic Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 North Electro-Optic Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.014 loss per share (vs CN¥0.026 profit in 3Q 2023) Third quarter 2024 results: CN¥0.014 loss per share (down from CN¥0.026 profit in 3Q 2023). Revenue: CN¥329.2m (down 30% from 3Q 2023). Net loss: CN¥5.31m (down 146% from profit in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Aerospace & Defense 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 remained flat, which means it is well ahead of earnings. Announcement • Sep 30
North Electro-Optic Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 North Electro-Optic Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Announcement • Jun 29
North Electro-Optic Co.,Ltd. to Report First Half, 2024 Results on Aug 15, 2024 North Electro-Optic Co.,Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Declared Dividend • Jun 15
Dividend of CN¥0.057 announced Shareholders will receive a dividend of CN¥0.057. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (49% 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 decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.01 profit in 1Q 2023) First quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.01 profit in 1Q 2023). Revenue: CN¥229.7m (down 28% from 1Q 2023). Net loss: CN¥9.34m (down 243% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 27
North Electro-Optic Co.,Ltd., Annual General Meeting, May 16, 2024 North Electro-Optic Co.,Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Announcement • Mar 29
North Electro-Optic Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 North Electro-Optic Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.45, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 48x in the Aerospace & Defense industry in China. Total loss to shareholders of 15% over the past three years. Announcement • Dec 29
North Electro-Optic Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 North Electro-Optic Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.035 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.026 (down from CN¥0.035 in 3Q 2022). Revenue: CN¥467.1m (down 32% from 3Q 2022). Net income: CN¥11.7m (down 35% from 3Q 2022). Profit margin: 2.5% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Announcement • Sep 30
North Electro-Optic Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 North Electro-Optic Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.04 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.04 in 1Q 2022). Revenue: CN¥317.5m (down 37% from 1Q 2022). Net income: CN¥6.51m (down 68% from 1Q 2022). Profit margin: 2.1% (down from 4.0% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Yaping Lei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.043 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.031 (down from CN¥0.043 in 3Q 2021). Revenue: CN¥397.4m (down 11% from 3Q 2021). Net income: CN¥16.0m (down 13% from 3Q 2021). Profit margin: 4.0% (down from 4.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.03 in 1Q 2021). Revenue: CN¥502.7m (up 16% from 1Q 2021). Net income: CN¥20.1m (up 29% from 1Q 2021). Profit margin: 4.0% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.12 (up from CN¥0.10 in FY 2020). Revenue: CN¥3.31b (up 33% from FY 2020). Net income: CN¥62.5m (up 20% from FY 2020). Profit margin: 1.9% (down from 2.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.043 (vs CN¥0.07 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥447.2m (down 19% from 3Q 2020). Net income: CN¥18.3m (down 46% from 3Q 2020). Profit margin: 4.1% (down from 6.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.026 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥724.5m (up 65% from 2Q 2020). Net income: CN¥12.0m (down 54% from 2Q 2020). Profit margin: 1.7% (down from 5.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.04 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥432.0m (up 280% from 1Q 2020). Net income: CN¥15.6m (up CN¥34.3m from 1Q 2020). Profit margin: 3.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.12 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥2.49b (up 6.9% from FY 2019). Net income: CN¥51.9m (down 16% from FY 2019). Profit margin: 2.1% (down from 2.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Mar 09
North Electro-Optic Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 North Electro-Optic Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 04
New 90-day low: CN¥10.13 The company is down 9.0% from its price of CN¥11.12 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: CN¥13.29 The company is up 22% from its price of CN¥10.88 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥10.31 The company is down 7.0% from its price of CN¥11.14 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥10.51 The company is down 11% from its price of CN¥11.84 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Aerospace & Defense industry, which is down 13% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥57.3m, down 3.4% from the prior year. Total revenue was CN¥2.51b over the last 12 months, up 15% from the prior year. Announcement • Jul 21
North Electro-Optic Co.,Ltd. Appoints Chen Liang as General Manager North Electro-Optic Co.,Ltd. at its 6th directorate meeting held on July 17, 2020 approved the proposal of appointing Chen Liang as General Manager. Announcement • Jul 09
North Electro-Optic Co.,Ltd. to Report First Half, 2020 Results on Aug 22, 2020 North Electro-Optic Co.,Ltd. announced that they will report first half, 2020 results on Aug 22, 2020