New Risk • May 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 163% 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: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). New Risk • May 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in FY 2024) Full year 2025 results: EPS: CN¥0.12 (up from CN¥0.05 in FY 2024). Revenue: CN¥1.60b (down 4.8% from FY 2024). Net income: CN¥34.4m (up 156% from FY 2024). Profit margin: 2.1% (up from 0.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Apr 21
Phenix Optical Company Limited, Annual General Meeting, May 11, 2026 Phenix Optical Company Limited, Annual General Meeting, May 11, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Shangrao, Jiangxi China Annonce • Mar 30
Phenix Optical Company Limited to Report Q1, 2026 Results on Apr 30, 2026 Phenix Optical Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Annonce • Dec 26
Phenix Optical Company Limited to Report Fiscal Year 2025 Results on Apr 21, 2026 Phenix Optical Company Limited announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.032 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.026 (up from CN¥0.032 loss in 3Q 2024). Revenue: CN¥408.0m (down 4.7% from 3Q 2024). Net income: CN¥7.78m (up CN¥15.8m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Phenix Optical Company Limited to Report Q3, 2025 Results on Oct 28, 2025 Phenix Optical Company Limited announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.2% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Annonce • Jun 30
Phenix Optical Company Limited to Report First Half, 2025 Results on Aug 30, 2025 Phenix Optical Company Limited announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • Apr 22
Full year 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.30 loss in FY 2023) Full year 2024 results: EPS: CN¥0.05 (up from CN¥0.30 loss in FY 2023). Revenue: CN¥1.68b (down 6.1% from FY 2023). Net income: CN¥13.4m (up CN¥97.9m from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Annonce • Apr 22
Phenix Optical Company Limited, Annual General Meeting, May 13, 2025 Phenix Optical Company Limited, Annual General Meeting, May 13, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Shangrao, Jiangxi China Annonce • Mar 28
Phenix Optical Company Limited to Report Q1, 2025 Results on Apr 30, 2025 Phenix Optical Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 09
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 9.7% 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: Major Risk Earnings have declined by 75% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Annonce • Dec 27
Phenix Optical Company Limited to Report Fiscal Year 2024 Results on Apr 22, 2025 Phenix Optical Company Limited announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.054 loss in 3Q 2023) Third quarter 2024 results: CN¥0.032 loss per share (improved from CN¥0.054 loss in 3Q 2023). Revenue: CN¥428.3m (down 11% from 3Q 2023). Net loss: CN¥8.06m (loss narrowed 46% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥20.75. The fair value is estimated to be CN¥17.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Meanwhile, the company became loss making. Annonce • Sep 30
Phenix Optical Company Limited to Report Q3, 2024 Results on Oct 29, 2024 Phenix Optical Company Limited announced that they will report Q3, 2024 results on Oct 29, 2024 Buy Or Sell Opportunity • Sep 30
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to CN¥21.06. The fair value is estimated to be CN¥17.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.033 (vs CN¥0.005 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.033 (up from CN¥0.005 in 2Q 2023). Revenue: CN¥393.4m (down 17% from 2Q 2023). Net income: CN¥10.5m (up CN¥9.09m from 2Q 2023). Profit margin: 2.7% (up from 0.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
Phenix Optical Company Limited to Report First Half, 2024 Results on Aug 31, 2024 Phenix Optical Company Limited announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.08 loss per share (vs CN¥0.08 loss in 1Q 2023) First quarter 2024 results: CN¥0.08 loss per share (in line with 1Q 2023). Revenue: CN¥394.7m (up 8.6% from 1Q 2023). Net loss: CN¥22.4m (loss widened 5.2% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 140 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 18
Full year 2023 earnings released: CN¥0.30 loss per share (vs CN¥0.02 profit in FY 2022) Full year 2023 results: CN¥0.30 loss per share (down from CN¥0.02 profit in FY 2022). Revenue: CN¥1.79b (down 3.9% from FY 2022). Net loss: CN¥84.5m (down CN¥89.3m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Annonce • Apr 17
Phenix Optical Company Limited, Annual General Meeting, May 08, 2024 Phenix Optical Company Limited, Annual General Meeting, May 08, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Shangrao, Jiangxi China Annonce • Mar 29
Phenix Optical Company Limited to Report Q1, 2024 Results on Apr 30, 2024 Phenix Optical Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Dec 29
Phenix Optical Company Limited to Report Fiscal Year 2023 Results on Apr 23, 2024 Phenix Optical Company Limited announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 30
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 8.0% 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 Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 55% per year over the past 5 years. New Risk • Oct 25
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 6.5% 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 51% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.022 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.005 (down from CN¥0.022 in 2Q 2022). Revenue: CN¥473.2m (down 5.1% from 2Q 2022). Net income: CN¥1.42m (down 80% from 2Q 2022). Profit margin: 0.3% (down from 1.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
Phenix Optical Company Limited to Report First Half, 2023 Results on Aug 15, 2023 Phenix Optical Company Limited announced that they will report first half, 2023 results on Aug 15, 2023 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: 2 independent directors. 6 non-independent directors. Independent Director Bin Guo 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. Lack of board continuity. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.014 loss per share (vs CN¥0 in 3Q 2021) Third quarter 2022 results: CN¥0.014 loss per share (further deteriorated from CN¥0 in 3Q 2021). Revenue: CN¥461.0m (up 14% from 3Q 2021). Net loss: CN¥3.87m (down CN¥3.98m from profit in 3Q 2021). 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 18% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.022 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.022 (vs CN¥0.022 in 2Q 2021). Revenue: CN¥498.4m (up 29% from 2Q 2021). Net income: CN¥7.06m (up 15% from 2Q 2021). Profit margin: 1.4% (down from 1.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.05 loss per share (vs CN¥0.013 profit in 1Q 2021) First quarter 2022 results: CN¥0.05 loss per share (down from CN¥0.013 profit in 1Q 2021). Revenue: CN¥390.3m (up 13% from 1Q 2021). Net loss: CN¥12.8m (down 439% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). General Manager and Director Liu Rui was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.04 (vs CN¥0.05 in FY 2020) Full year 2021 results: EPS: CN¥0.04 (down from CN¥0.05 in FY 2020). Revenue: CN¥1.59b (up 25% from FY 2020). Net income: CN¥10.6m (down 26% from FY 2020). Profit margin: 0.7% (down from 1.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Annonce • Sep 23
Phenix Optical Company Limited (SHSE:600071) signed an equity acquisition intension agreement to acquire Nanjing Guosheng Electronic Co., Ltd. and Hebei Poshing Electronics Technology Co., Ltd. from CETC Semiconductor Materials Co., Ltd. and others. Phenix Optical Company Limited (SHSE:600071) signed an equity acquisition intension agreement to acquire Nanjing Guosheng Electronic Co., Ltd. and Hebei Poshing Electronics Technology Co., Ltd. from CETC Semiconductor Materials Co., Ltd. and others on September 17, 2021. Phenix will acquire 72.19% stake in Nanjing Guosheng Electronic from CETC Semiconductor Materials and 50.04% stake in Hebei Poshing Electronics from CETC Semiconductor Materials, with remaining stake to be acquired from other shareholders. Consideration under the transaction will be satisfied by issuance of shares. Transaction is subject to approval of board and shareholders of Phenix Optical Company Limited and approval by the competent regulatory authority. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.052 (vs CN¥0.009 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥386.5m (up 36% from 2Q 2020). Net income: CN¥6.16m (up 155% from 2Q 2020). Profit margin: 1.6% (up from 0.9% in 2Q 2020). 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 7% per year, which means it is well ahead of earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.05 (vs CN¥0.02 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.27b (up 13% from FY 2019). Net income: CN¥14.3m (up 223% from FY 2019). Profit margin: 1.1% (up from 0.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% 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. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥12.55 The company is up 25% from its price of CN¥10.07 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 Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: CN¥10.81 The company is up 1.0% from its price of CN¥10.70 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Nov 14
New 90-day low: CN¥9.65 The company is down 24% from its price of CN¥12.77 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Annonce • Aug 07
Phenix Optical Company Limited Announces the Changing Some Accounting Policies Phenix Optical Company Limited announced the changing of Some Accounting Policies.