New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 51% 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 Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 51% per year over the past 5 years. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.01 (vs CN¥0.04 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.01 (down from CN¥0.04 in 1Q 2025). Revenue: CN¥2.91b (down 33% from 1Q 2025). Net income: CN¥67.5m (down 68% from 1Q 2025). Profit margin: 2.3% (down from 4.9% in 1Q 2025). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Sanan Optoelectronics Co.,Ltd, Annual General Meeting, May 15, 2026 Sanan Optoelectronics Co.,Ltd, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China New Risk • Apr 22
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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Mar 30
Sanan Optoelectronics Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Sanan Optoelectronics Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Mar 05
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 7.7% 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 (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Dec 26
Sanan Optoelectronics Co.,Ltd to Report Fiscal Year 2025 Results on Apr 25, 2026 Sanan Optoelectronics Co.,Ltd announced that they will report fiscal year 2025 results on Apr 25, 2026 Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 99% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.3307 to CN¥0.004 per share. Revenue forecast steady at CN¥19.0b. Net income forecast to grow 980% next year vs 67% growth forecast for Semiconductor industry in China. Consensus price target of CN¥11.73 unchanged from last update. Share price fell 7.7% to CN¥13.61 over the past week. Reported Earnings • Oct 29
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: CN¥0.026 loss per share (down from CN¥0.011 profit in 3Q 2024). Revenue: CN¥4.83b (up 16% from 3Q 2024). Net loss: CN¥99.5m (down 258% from profit in 3Q 2024). Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Sanan Optoelectronics Co.,Ltd to Report Q3, 2025 Results on Oct 29, 2025 Sanan Optoelectronics Co.,Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: CN¥0.006 loss per share (vs CN¥0.02 profit in 2Q 2024) Second quarter 2025 results: CN¥0.006 loss per share (down from CN¥0.02 profit in 2Q 2024). Revenue: CN¥4.68b (up 13% from 2Q 2024). Net loss: CN¥23.8m (down 136% from profit in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Sanan Optoelectronics Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Sanan Optoelectronics Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Major Estimate Revision • Jun 07
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥18.3b to CN¥18.9b. EPS estimate fell from CN¥0.304 to CN¥0.259 per share. Net income forecast to grow 307% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥11.20. Share price fell 2.2% to CN¥12.16 over the past week. New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • Apr 28
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.04 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥4.31b (up 21% from 1Q 2024). Net income: CN¥211.9m (up 79% from 1Q 2024). Profit margin: 4.9% (up from 3.3% in 1Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 31% 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 31% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Apr 26
Sanan Optoelectronics Co.,Ltd, Annual General Meeting, May 16, 2025 Sanan Optoelectronics Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Announcement • Apr 10
Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces an Equity Buyback for CNY 1,500 million worth of its shares. Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,500 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 16 per share. The repurchased shares will be used for the implementation of employee shareholding plan or equity incentive. The program is valid for a period of 6 months. Announcement • Mar 28
Sanan Optoelectronics Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Sanan Optoelectronics Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Sanan Optoelectronics Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Sanan Optoelectronics Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Major Estimate Revision • Nov 13
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥16.7b to CN¥16.9b. EPS estimate increased from CN¥0.199 to CN¥0.24 per share. Net income forecast to grow 232% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥11.01. Share price rose 5.7% to CN¥14.69 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.011 (up from CN¥0 in 3Q 2023). Revenue: CN¥4.18b (up 13% from 3Q 2023). Net income: CN¥62.9m (up CN¥60.2m from 3Q 2023). Profit margin: 1.5% (up from 0.1% in 3Q 2023). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 84%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Sanan Optoelectronics Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Sanan Optoelectronics Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥17.2b to CN¥16.4b. EPS estimate also fell from CN¥0.254 per share to CN¥0.184 per share. Net income forecast to grow 220% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥12.35 to CN¥11.03. Share price was steady at CN¥10.24 over the past week. Price Target Changed • Aug 28
Price target decreased by 11% to CN¥11.69 Down from CN¥13.15, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥10.23. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥0.30 for next year compared to CN¥0.07 last year. Reported Earnings • Aug 28
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.007 loss in 2Q 2023). Revenue: CN¥4.12b (up 16% from 2Q 2023). Net income: CN¥65.6m (up CN¥109.1m from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 11
Price target decreased by 14% to CN¥12.35 Down from CN¥14.28, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥12.13. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.25 for next year compared to CN¥0.07 last year. Announcement • Jun 28
Sanan Optoelectronics Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Sanan Optoelectronics Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 29
Sanan Optoelectronics Co.,Ltd, Annual General Meeting, May 17, 2024 Sanan Optoelectronics Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Reported Earnings • Apr 28
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.04 in 1Q 2023). Revenue: CN¥3.56b (up 22% from 1Q 2023). Net income: CN¥118.7m (down 44% from 1Q 2023). Profit margin: 3.3% (down from 7.3% in 1Q 2023). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 58%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Sanan Optoelectronics Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Sanan Optoelectronics Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Feb 01
Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces an Equity Buyback for CNY 1,000 million worth of its shares. Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 17 per share. The repurchased shares will be used to maintain company value and shareholder rights. The program is valid for a period of 3 months. Announcement • Dec 29
Sanan Optoelectronics Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Sanan Optoelectronics Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Announcement • Dec 09
Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces an Equity Buyback for CNY 1,000 million worth of its shares. Sanan Optoelectronics Co.,Ltd (SHSE:600703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 17 per share. The program will be funded from company’s own or self-raised funds. The repurchased shares will be used to implement employee stock ownership plan. The program is valid till March 31, 2024. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0 (vs CN¥0.012 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0 (down from CN¥0.012 in 3Q 2022). Revenue: CN¥3.69b (up 13% from 3Q 2022). Net income: CN¥2.64m (down 95% from 3Q 2022). Profit margin: 0.1% (down from 1.7% in 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 26
Price target decreased by 10% to CN¥15.83 Down from CN¥17.61, the current price target is an average from 7 analysts. New target price is 9.7% above last closing price of CN¥14.43. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.14 for next year compared to CN¥0.15 last year. Announcement • Sep 30
Sanan Optoelectronics Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Sanan Optoelectronics Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 05
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: CN¥0.007 loss per share (down from CN¥0.11 profit in 2Q 2022). Revenue: CN¥3.56b (down 2.5% from 2Q 2022). Net loss: CN¥43.6m (down 109% from profit in 2Q 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Aug 04
Sanan Optoelectronics's Indirect Controlling Shareholder Plan to Raise Stake in the Company Sanan Optoelectronics Co.,Ltd (SHSE:600703) said indirect controlling shareholder and party acting in concert plan to raise stake in the company by CNY 50 million - CNY 100 million within three months. Price Target Changed • May 03
Price target decreased by 9.4% to CN¥18.58 Down from CN¥20.50, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥17.78. Stock is down 2.8% over the past year. The company posted earnings per share of CN¥0.15 last year. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.15 (down from CN¥0.29 in FY 2021). Revenue: CN¥13.2b (up 5.2% from FY 2021). Net income: CN¥685.1m (down 48% from FY 2021). Profit margin: 5.2% (down from 10% in FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Xing Shuang Huang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥15.2b to CN¥15.5b. EPS estimate fell from CN¥0.43 to CN¥0.29 per share. Net income forecast to grow 135% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥21.59 to CN¥20.40. Share price rose 10% to CN¥19.10 over the past week. Reported Earnings • Oct 29
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.012 (down from CN¥0.09 in 3Q 2021). Revenue: CN¥3.25b (down 4.9% from 3Q 2021). Net income: CN¥54.9m (down 86% from 3Q 2021). Profit margin: 1.7% (down from 12% in 3Q 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥20.99, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 37% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.078 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.078 in 2Q 2021). Revenue: CN¥3.65b (up 7.6% from 2Q 2021). Net income: CN¥502.9m (up 54% from 2Q 2021). Profit margin: 14% (up from 9.6% in 2Q 2021). Over the next year, revenue is forecast to grow 37%, compared to a 49% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Major Estimate Revision • May 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.64 to CN¥0.46 per share. Revenue forecast steady at CN¥16.0b. Net income forecast to grow 105% next year vs 46% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥35.11 to CN¥25.08. Share price rose 3.1% to CN¥18.30 over the past week. Price Target Changed • Apr 27
Price target decreased to CN¥28.10 Down from CN¥35.11, the current price target is an average from 10 analysts. New target price is 55% above last closing price of CN¥18.11. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.29 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Xing Shuang Huang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Sanan Optoelectronics Co., Ltd. (SHSE:600703) announces an Equity Buyback for CNY 800 million worth of its shares. Sanan Optoelectronics Co., Ltd. (SHSE:600703) announces a share repurchase program. Under the program, the company will repurchase up to CNY 800 million worth of its shares. Announcement • Dec 13
Sanan Optoelectronics Co., Ltd.(XSSC:600703) dropped from FTSE All-World Index (USD) Sanan Optoelectronics Co., Ltd.(XSSC:600703) dropped from FTSE All-World Index (USD) Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.07 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥3.42b (up 47% from 3Q 2020). Net income: CN¥402.5m (up 33% from 3Q 2020). Profit margin: 12% (down from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Price Target Changed • Jul 31
Price target increased to CN¥28.88 Up from CN¥23.81, the current price target is an average from 11 analysts. New target price is 32% below last closing price of CN¥42.58. Stock is up 58% over the past year. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.061 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¥3.40b (up 80% from 2Q 2020). Net income: CN¥326.9m (up 34% from 2Q 2020). Profit margin: 9.6% (down from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Major Estimate Revision • May 06
Consensus EPS estimates increase to CN¥0.47 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥10.8b to CN¥11.0b. EPS estimate increased from CN¥0.40 to CN¥0.47 per share. Net income forecast to grow 89% next year vs 50% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥25.73 to CN¥23.00. Share price was steady at CN¥24.50 over the past week. Price Target Changed • May 05
Price target decreased to CN¥23.05 Down from CN¥25.46, the current price target is an average from 9 analysts. New target price is 8.2% below last closing price of CN¥25.10. Stock is up 14% over the past year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.10 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥2.72b (up 62% from 1Q 2020). Net income: CN¥556.6m (up 42% from 1Q 2020). Profit margin: 21% (down from 23% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 16
New 90-day low: CN¥23.81 The company is down 10.0% from a price of CN¥26.60 on 16 December 2020. Underperformed the Chinese market, which is down 2.0% over the last 90 days. Exceeded the Semiconductor industry, which is down 13% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥30.50 The company is up 25% from its price of CN¥24.43 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥108 per share. Is New 90 Day High Low • Nov 25
New 90-day high: CN¥28.17 The company is up 4.0% from its price of CN¥27.21 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Semiconductor industry, which is also up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.43 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.08b, down 22% from the prior year. Total revenue was CN¥8.03b over the last 12 months, up 9.9% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue beats expectations, earnings disappoint Third-quarter revenue exceeded analyst estimates by 16% at CN¥2.33b. Earnings per share (EPS) missed analyst estimates by 27% at CN¥0.06. Revenue is forecast to grow 18% over the next year, compared to a 37% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Oct 31
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from CN¥0.40 to CN¥0.30. Revenue estimate was approximately flat at CN¥8.18b. Net income is expected to grow by 61% next year compared to 48% growth forecast for the Semiconductor industry in China. The consensus price target increased from CN¥21.62 to CN¥23.25. Share price is down by 3.1% to CN¥22.23 over the past week. Announcement • Oct 27
Sanan Optoelectronics Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Sanan Optoelectronics Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 20
New 90-day low: CN¥24.17 The company is down 9.0% from its price of CN¥26.61 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.62 per share. Announcement • Jul 08
Sanan Optoelectronics Co., Ltd. to Report First Half, 2020 Results on Aug 19, 2020 Sanan Optoelectronics Co., Ltd. announced that they will report first half, 2020 results on Aug 19, 2020 Announcement • Jun 18
Sanan Optoelectronics Co., Ltd. announced that it has received CNY 6.999999995 billion in funding from Changsha Pilot Gaoxin Investment Partnership Enterprise (Limited Partnership), Gree Electric Appliances, Inc. of Zhuhai On June 17, 2020, Sanan Optoelectronics Co., Ltd. (SHSE:600703) closed the transaction. The company paid CNY 35,842,438.33 as issue expenses and received net proceeds of CNY 6,964,157,556.47 in the transaction. 
