Announcement • Jun 30
Changchun UP Optotech Co.,Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Changchun UP Optotech Co.,Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Declared Dividend • May 23
Dividend of CN¥0.07 announced Shareholders will receive a dividend of CN¥0.07. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.1%, which is lower than the industry average of 0.9%. Payout Ratios Payout ratio: 17%. Cash payout ratio: 35%. New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.28 in FY 2024) Full year 2025 results: EPS: CN¥0.34 (up from CN¥0.28 in FY 2024). Revenue: CN¥799.6m (up 7.3% from FY 2024). Net income: CN¥80.5m (up 21% from FY 2024). Profit margin: 10% (up from 8.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Apr 21
Changchun UP Optotech Co.,Ltd., Annual General Meeting, May 13, 2026 Changchun UP Optotech Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: 3F, No. 588, Yingkou Road, Changchun Economic and Technological Development Zone, Jilin China Announcement • Mar 31
Changchun UP Optotech Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Changchun UP Optotech Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Changchun UP Optotech Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Changchun UP Optotech Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.049 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.03 (down from CN¥0.049 in 3Q 2024). Revenue: CN¥149.7m (down 5.3% from 3Q 2024). Net income: CN¥7.21m (down 36% from 3Q 2024). Profit margin: 4.8% (down from 7.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • Oct 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 7.2% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Changchun UP Optotech Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Changchun UP Optotech Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.07 (in line with 2Q 2024). Revenue: CN¥194.4m (up 1.1% from 2Q 2024). Net income: CN¥17.0m (flat on 2Q 2024). Profit margin: 8.8% (in line with 2Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Announcement • Jul 02
Changchun UP Optotech Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Changchun UP Optotech Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Apr 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Announcement • Apr 23
Changchun Up Optotech Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 On April 22, 2025, Changchun UP Optotech Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.60000000 for the year 2024. Reported Earnings • Apr 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.28 (down from CN¥0.36 in FY 2023). Revenue: CN¥745.5m (down 3.6% from FY 2023). Net income: CN¥66.4m (down 23% from FY 2023). Profit margin: 8.9% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Changchun UP Optotech Co.,Ltd., Annual General Meeting, May 14, 2025 Changchun UP Optotech Co.,Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: 3F, No. 588, Yingkou Road, Changchun Economic and Technological Development Zone, Jilin China Announcement • Mar 31
Changchun UP Optotech Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Changchun UP Optotech Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.36 in FY 2023) Full year 2024 results: EPS: CN¥0.29 (down from CN¥0.36 in FY 2023). Revenue: CN¥757.1m (down 2.1% from FY 2023). Net income: CN¥68.8m (down 21% from FY 2023). Profit margin: 9.1% (down from 11% in FY 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Aerospace & Defense 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 increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 31
Changchun UP Optotech Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Changchun UP Optotech Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.049 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥158.1m (down 1.4% from 3Q 2023). Net income: CN¥11.3m (down 56% from 3Q 2023). Profit margin: 7.2% (down from 16% in 3Q 2023). Revenue is forecast to grow 14% 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 increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Changchun UP Optotech Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Changchun UP Optotech Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Announcement • Sep 14
Changchun UP Optotech Co.,Ltd. Approves Interim Cash Dividend for the Year 2024 Changchun UP Optotech Co.,Ltd. at its EGM held on September 12, 2024, approved interim cash dividend/10 shares (tax included) of CNY 0.10000000 for the year 2024. Announcement • Aug 29
Changchun UP Optotech Co.,Ltd. Announces the Profit Distribution Proposal for the First Half of 2024 Changchun UP Optotech Co.,Ltd. announced the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 0.10000000. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.07 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥192.2m (up 16% from 2Q 2023). Net income: CN¥17.0m (down 47% from 2Q 2023). Profit margin: 8.8% (down from 19% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Aerospace & Defense 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 only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Jul 27
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: 8.7% Last year net profit margin: 13% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.7% net profit margin). New Risk • Jul 23
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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 23
Now 21% undervalued Over the last 90 days, the stock has risen 5.9% to CN¥29.79. The fair value is estimated to be CN¥37.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Declared Dividend • Jul 15
Dividend increased to CN¥0.025 Dividend of CN¥0.025 is 150% higher than last year. Ex-date: 19th July 2024 Payment date: 19th July 2024 Dividend yield will be 0.08%, which is lower than the industry average of 0.9%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 7%. Buy Or Sell Opportunity • Jul 01
Now 11% undervalued Over the last 90 days, the stock has risen 7.9% to CN¥33.35. The fair value is estimated to be CN¥37.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Announcement • Jun 29
Changchun UP Optotech Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Changchun UP Optotech Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Jun 25
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at CN¥29.02. The fair value is estimated to be CN¥37.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Announcement • Apr 28
Changchun UP Optotech Co.,Ltd., Annual General Meeting, May 22, 2024 Changchun UP Optotech Co.,Ltd., Annual General Meeting, May 22, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changchun, Jilin China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider 2023 annual report and its summary; to consider 2024 financial budget; to consider retroactive confirmation of 2023 continuing connected transaction quota and 2024 estimated continuing connected transaction; to consider 2024 remuneration plan for directors and supervisors; and to consider other matters. Announcement • Apr 27
Changchun Up Optotech Co.,Ltd. Proposes Final Dividend for 2023 Changchun UP Optotech Co.,Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included) of CNY 0.25000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (down from CN¥0.09 in 1Q 2023). Revenue: CN¥172.2m (down 9.3% from 1Q 2023). Net income: CN¥17.1m (down 19% from 1Q 2023). Profit margin: 9.9% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense 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 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.44, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Aerospace & Defense industry in China. Total returns to shareholders of 46% over the past three years. Announcement • Mar 30
Changchun UP Optotech Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Changchun UP Optotech Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.34 in FY 2022) Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.34 in FY 2022). Revenue: CN¥775.0m (up 24% from FY 2022). Net income: CN¥94.3m (up 15% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. 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. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.88, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 27x in the Aerospace & Defense industry in China. Total returns to shareholders of 59% over the past three years. New Risk • Feb 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 6.8% 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. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥21.64, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Aerospace & Defense industry in China. Total returns to shareholders of 54% over the past three years. Announcement • Dec 30
Changchun UP Optotech Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Changchun UP Optotech 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¥0.11 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥160.3m (up 15% from 3Q 2022). Net income: CN¥25.8m (down 22% from 3Q 2022). Profit margin: 16% (down from 24% in 3Q 2022). 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 23% growth forecast for the Aerospace & Defense 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 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.08 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.08 in 2Q 2022). Revenue: CN¥165.2m (up 24% from 2Q 2022). Net income: CN¥31.9m (up 65% from 2Q 2022). Profit margin: 19% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
Changchun Up Optotech Co.,Ltd. Announces Dividend on Share A for 2022 Changchun UP Optotech Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY0.10000000 on share A for 2022. Record date: 20 July 2023, Ex-date: 21 July 2023, Payment date: 21 July 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥189.7m (up 64% from 1Q 2022). Net income: CN¥21.1m (up 23% from 1Q 2022). Profit margin: 11% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tie Cui is the most experienced director on the board, commencing their role in 2020. Independent Director Fei Ma was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.07 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.07 in 3Q 2021). Revenue: CN¥139.0m (up 45% from 3Q 2021). Net income: CN¥33.0m (up 86% from 3Q 2021). Profit margin: 24% (up from 19% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 13% 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 • Jul 30
Second quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.051 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.051 in 2Q 2021). Revenue: CN¥133.7m (down 12% from 2Q 2021). Net income: CN¥19.9m (up 52% from 2Q 2021). Profit margin: 15% (up from 8.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
Changchun Up Optotech Co.,Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 21 July 2022 Changchun UP Optotech Co.,Ltd. announced final cash dividend of CNY 0.40000000 per 10 shares on A shares for 2021. Record date: 20 July 2022, Ex-date: 21 July 2022 and Payment date: 21 July 2022. Announcement • May 02
Changchun UP Optotech Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 Changchun UP Optotech Co.,Ltd. proposed final cash dividend of CNY 0.40000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2021). Revenue: CN¥116.0m (down 19% from 1Q 2021). Net income: CN¥17.2m (up 7.4% from 1Q 2021). Profit margin: 15% (up from 11% in 1Q 2021). The increase in margin was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tie Cui is the most experienced director on the board, commencing their role in 2020. Independent Director Fei Ma was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.20 (down from CN¥0.22 in FY 2020). Revenue: CN¥550.4m (up 25% from FY 2020). Net income: CN¥49.0m (down 6.0% from FY 2020). Profit margin: 8.9% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Board Change • Dec 10
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tie Cui is the most experienced director on the board, commencing their role in 2020. Independent Director Fei Ma was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥95.8m (up 1.0% from 3Q 2020). Net income: CN¥17.7m (up 54% from 3Q 2020). Profit margin: 19% (up from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥95.8m (up 1.0% from 3Q 2020). Net income: CN¥17.7m (up 54% from 3Q 2020). Profit margin: 19% (up from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CN¥0.052 (vs CN¥0.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥151.2m (up 43% from 2Q 2020). Net income: CN¥13.9m (up 47% from 2Q 2020). Profit margin: 9.2% (up from 8.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.20 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥440.7m (up 9.6% from FY 2019). Net income: CN¥52.1m (up 8.0% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥17.68, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 60x in the Aerospace & Defense industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Mar 10
Changchun UP Optotech Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 23, 2021 Changchun UP Optotech Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 23, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥14.93 The company is down 34% from its price of CN¥22.55 on 05 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 Aerospace & Defense industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥17.51 The company is down 32% from its price of CN¥25.84 on 13 October 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 22% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥19.23 The company is down 15% from its price of CN¥22.52 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥21.28 The company is down 15% from its price of CN¥25.17 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥21.47 The company is down 27% from its price of CN¥29.60 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 13% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥51.6m, up 27% from the prior year. Total revenue was CN¥412.1m over the last 12 months, up 3.5% from the prior year. Announcement • Oct 20
Changchun UP Optotech Co.,Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Changchun UP Optotech Co.,Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Aug 02
Changchun UP Optotech Co.,Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Changchun UP Optotech Co.,Ltd. announced that they will report first half, 2020 results on Aug 25, 2020