Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥102, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 19% over the past three years. Annonce • Jun 30
Ningbo Yongxin Optics Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026 Ningbo Yongxin Optics Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥138, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 44x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Declared Dividend • Jun 12
Dividend of CN¥0.90 announced Shareholders will receive a dividend of CN¥0.90. Ex-date: 17th June 2026 Payment date: 17th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 13% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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. Board Change • May 20
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. 6 non-independent directors. Independent Director Xinmin Peng was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 24
Ningbo Yongxin Optics Co.,Ltd, Annual General Meeting, May 15, 2026 Ningbo Yongxin Optics Co.,Ltd, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Annonce • Mar 30
Ningbo Yongxin Optics Co.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Ningbo Yongxin Optics Co.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Annonce • Dec 26
Ningbo Yongxin Optics Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Ningbo Yongxin Optics Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Annonce • Sep 30
Ningbo Yongxin Optics Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Ningbo Yongxin Optics Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Annonce • Jun 30
Ningbo Yongxin Optics Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Ningbo Yongxin Optics Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Annonce • Apr 26
Ningbo Yongxin Optics Co.,Ltd, Annual General Meeting, May 20, 2025 Ningbo Yongxin Optics Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Annonce • Mar 28
Ningbo Yongxin Optics Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Ningbo Yongxin Optics Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Annonce • Dec 27
Ningbo Yongxin Optics Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Ningbo Yongxin Optics Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥96.34, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥66.37 per share. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.52 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.36 (down from CN¥0.52 in 3Q 2023). Revenue: CN¥222.2m (up 1.1% from 3Q 2023). Net income: CN¥40.7m (down 30% from 3Q 2023). Profit margin: 18% (down from 26% in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥65.48, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥83.42 per share. Buy Or Sell Opportunity • Oct 11
Now 21% undervalued Over the last 90 days, the stock has risen 5.8% to CN¥66.20. The fair value is estimated to be CN¥83.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Annonce • Sep 30
Ningbo Yongxin Optics Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Ningbo Yongxin Optics Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥60.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥83.85 per share. New Risk • Sep 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Buy Or Sell Opportunity • Jul 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥62.00. The fair value is estimated to be CN¥77.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Annonce • Jun 28
Ningbo Yongxin Optics Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Ningbo Yongxin Optics Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Annonce • Apr 29
Ningbo Yongxin Optics Co.,Ltd, Annual General Meeting, May 21, 2024 Ningbo Yongxin Optics Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.43 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.41 (down from CN¥0.43 in 1Q 2023). Revenue: CN¥215.9m (up 15% from 1Q 2023). Net income: CN¥45.6m (down 3.9% from 1Q 2023). Profit margin: 21% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Buy Or Sell Opportunity • Apr 27
Now 20% overvalued Over the last 90 days, the stock has fallen 6.7% to CN¥72.96. The fair value is estimated to be CN¥60.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. New Risk • Apr 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annonce • Mar 29
Ningbo Yongxin Optics Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Ningbo Yongxin Optics Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Buy Or Sell Opportunity • Feb 22
Now 21% overvalued Over the last 90 days, the stock has fallen 27% to CN¥73.92. The fair value is estimated to be CN¥60.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 96% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Buy Or Sell Opportunity • Feb 07
Now 25% overvalued Over the last 90 days, the stock has fallen 24% to CN¥69.92. The fair value is estimated to be CN¥56.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 96% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥69.24, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Electronic industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.51 per share. Annonce • Dec 30
Ningbo Yongxin Optics Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Ningbo Yongxin Optics Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Dec 01
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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.52 (vs CN¥0.56 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.52 (down from CN¥0.56 in 3Q 2022). Revenue: CN¥219.9m (up 12% from 3Q 2022). Net income: CN¥57.9m (down 7.0% from 3Q 2022). Profit margin: 26% (down from 32% in 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.62 (vs CN¥0.75 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.62 (down from CN¥0.75 in 2Q 2022). Revenue: CN¥202.6m (flat on 2Q 2022). Net income: CN¥68.5m (down 17% from 2Q 2022). Profit margin: 34% (down from 41% in 2Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥91.94, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Electronic industry in China. Annonce • Jun 28
Ningbo Yongxin Optics Co.,Ltd to Report First Half, 2023 Results on Aug 29, 2023 Ningbo Yongxin Optics Co.,Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Annonce • May 18
Ningbo Yongxin Optics Co.,Ltd announced a financing transaction Ningbo Yongxin Optics Co.,Ltd announced a private placement of common shares on May 16, 2023. The transaction has been approved at the annual general meeting of shareholders. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.49 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.43 (down from CN¥0.49 in 1Q 2022). Revenue: CN¥188.2m (down 10.0% from 1Q 2022). Net income: CN¥47.4m (down 12% from 1Q 2022). Profit margin: 25% (in line with 1Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Board Change • Mar 15
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, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Guoqing Yan was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 
