Ankündigung • Aug 05
Unilumin Group Co., Ltd (SZSE:300232) announces an Equity Buyback for CNY 100 million worth of its shares. Unilumin Group Co., Ltd (SZSE:300232) commences share repurchases program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The repurchase price will not more than CNY 7..85 per Share. The purpose of the program is ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The repurchases will be funded using company's own funds or Self-Financing. The repurchase period will be not more than 12 months. Board Change • Jul 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Yaoren Gan was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings have declined by 24% 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. Ankündigung • Jun 30
Unilumin Group Co., Ltd to Report First Half, 2026 Results on Aug 24, 2026 Unilumin Group Co., Ltd announced that they will report first half, 2026 results on Aug 24, 2026 Declared Dividend • May 25
Dividend of CN¥0.02 announced Shareholders will receive a dividend of CN¥0.02. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yulin Sun was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 22
Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2026 Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2026, at 15:30 China Standard Time. Location: Building B, No. 18, Haoye Road, Tongyu Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong China Ankündigung • Mar 31
Unilumin Group Co., Ltd to Report Q1, 2026 Results on Apr 22, 2026 Unilumin Group Co., Ltd announced that they will report Q1, 2026 results on Apr 22, 2026 Ankündigung • Dec 31
Unilumin Group Co., Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026 Unilumin Group Co., Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026 Ankündigung • Sep 30
Unilumin Group Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025 Unilumin Group Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Ankündigung • Jul 02
Unilumin Group Co., Ltd to Report First Half, 2025 Results on Aug 19, 2025 Unilumin Group Co., Ltd announced that they will report first half, 2025 results on Aug 19, 2025 Ankündigung • Apr 23
Unilumin Group Co., Ltd Proposes Final Cash Dividend for the Year 2024 Unilumin Group Co. Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.40000000 for the year 2024. Ankündigung • Apr 22
Unilumin Group Co., Ltd, Annual General Meeting, May 12, 2025 Unilumin Group Co., Ltd, Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Ankündigung • Mar 31
Unilumin Group Co., Ltd to Report Q1, 2025 Results on Apr 22, 2025 Unilumin Group Co., Ltd announced that they will report Q1, 2025 results on Apr 22, 2025 Ankündigung • Dec 31
Unilumin Group Co., Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 Unilumin Group Co., Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 21
Third quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.028 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.028 (up from CN¥0.028 loss in 3Q 2023). Revenue: CN¥2.01b (up 14% from 3Q 2023). Net income: CN¥27.2m (up CN¥57.5m from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 11
Now 22% undervalued Over the last 90 days, the stock has risen 24% to CN¥6.38. The fair value is estimated to be CN¥8.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 1,773% in the next 2 years. Ankündigung • Sep 30
Unilumin Group Co., Ltd to Report Q3, 2024 Results on Oct 21, 2024 Unilumin Group Co., Ltd announced that they will report Q3, 2024 results on Oct 21, 2024 Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.064 (vs CN¥0.07 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.064. Revenue: CN¥1.91b (up 14% from 2Q 2023). Net income: CN¥81.0m (up 5.7% from 2Q 2023). Profit margin: 4.2% (down from 4.6% in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Ankündigung • Jun 29
Unilumin Group Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024 Unilumin Group Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024 Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yulin Sun 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. Ankündigung • May 10
Unilumin Group Co., Ltd (SZSE:300232) commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on March 11, 2024. Unilumin Group Co., Ltd (SZSE:300232) commences share repurchases on May 8, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on March 11, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 10 per Share. The shares repurchased will be canceled and the registered capital will be reduced in accordance with the law. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Ankündigung • Apr 23
Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2024 Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2024, at 15:00 China Standard Time. Location: Building B, No. 18, Haoye Road, Tongfu Industrial Park, Fuyong Subdistrict, Bao'an, Shenzhen, Guangdong China Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥1.49b (down 8.3% from 1Q 2023). Net income: CN¥19.4m (down 87% from 1Q 2023). Profit margin: 1.3% (down from 8.9% in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 26% 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. Ankündigung • Mar 30
Unilumin Group Co., Ltd to Report Q1, 2024 Results on Apr 22, 2024 Unilumin Group Co., Ltd announced that they will report Q1, 2024 results on Apr 22, 2024 New Risk • Feb 05
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 8.3% 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 (8.3% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin). Ankündigung • Dec 29
Unilumin Group Co., Ltd to Report Fiscal Year 2023 Results on Apr 22, 2024 Unilumin Group Co., Ltd announced that they will report fiscal year 2023 results on Apr 22, 2024 Ankündigung • Nov 22
Unilumin Group Co., Ltd (SZSE:300232) announces an Equity Buyback for CNY 20 million worth of its shares. Unilumin Group Co., Ltd (SZSE:300232) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at a price not more than CNY 10 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.028 loss per share (vs CN¥0.12 profit in 3Q 2022) Third quarter 2023 results: CN¥0.028 loss per share (down from CN¥0.12 profit in 3Q 2022). Revenue: CN¥1.77b (up 1.2% from 3Q 2022). Net loss: CN¥30.2m (down 123% from profit in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buying Opportunity • Oct 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥8.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 425% in the next 2 years. Ankündigung • Sep 30
Unilumin Group Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023 Unilumin Group Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.041 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.041 in 2Q 2022). Revenue: CN¥1.67b (up 3.3% from 2Q 2022). Net income: CN¥76.7m (up 73% from 2Q 2022). Profit margin: 4.6% (up from 2.7% in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic 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 3% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 01
Unilumin Group Co., Ltd to Report First Half, 2023 Results on Aug 11, 2023 Unilumin Group Co., Ltd announced that they will report first half, 2023 results on Aug 11, 2023 Ankündigung • Jun 09
Unilumin Group Co., Ltd Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 14, 2023 Unilumin Group Co. Ltd. announced final cash dividend of CNY 0.15 per 10 shares on A shares for the year 2022. Record date is June 13, 2023, Ex-Date is June 14, 2023 and Payment Date is June 14, 2023. Reported Earnings • Apr 17
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.071 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.071 in 1Q 2022). Revenue: CN¥1.63b (up 5.2% from 1Q 2022). Net income: CN¥144.6m (up 86% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥1.75b (down 7.9% from 3Q 2021). Net income: CN¥131.8m (up 13% from 3Q 2021). Profit margin: 7.5% (up from 6.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.041 (vs CN¥0.013 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.041 (up from CN¥0.013 in 2Q 2021). Revenue: CN¥1.62b (down 1.7% from 2Q 2021). Net income: CN¥44.4m (up 209% from 2Q 2021). Profit margin: 2.7% (up from 0.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 28%, compared to a 25% growth forecast for the Electronic 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 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.071 (vs CN¥0.078 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.071. Revenue: CN¥1.55b (up 20% from 1Q 2021). Net income: CN¥77.6m (up 1.4% from 1Q 2021). Profit margin: 5.0% (down from 6.0% in 1Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the industry in China. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Non-Employee Supervisor Xing Que is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥8.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 3.0% over the past three years. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.081 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.90b (up 46% from 3Q 2020). Net income: CN¥116.4m (up 56% from 3Q 2020). Profit margin: 6.1% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CN¥0.013 (vs CN¥0.013 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¥1.65b (up 58% from 2Q 2020). Net income: CN¥14.3m (up 29% from 2Q 2020). Profit margin: 0.9% (down from 1.1% 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 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.089 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¥1.29b (up 57% from 1Q 2020). Net income: CN¥76.6m (up 12% from 1Q 2020). Profit margin: 6.0% (down from 8.4% in 1Q 2020). Is New 90 Day High Low • Jan 27
New 90-day low: CN¥8.34 The company is down 14% from its price of CN¥9.75 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥8.99 The company is down 4.0% from its price of CN¥9.32 on 25 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 Electronic industry, which is up 3.0% over the same period. 
