New Risk • Jun 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.7m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (€85.7m market cap, or US$97.6m). Annonce • Jun 04
China Display Optoelectronics Technology Holdings Limited to Report Q2, 2026 Results on Aug 07, 2026 China Display Optoelectronics Technology Holdings Limited announced that they will report Q2, 2026 results on Aug 07, 2026 Board Change • May 20
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: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Qiulin Yang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Mar 27
China Display Optoelectronics Technology Holdings Limited, Annual General Meeting, May 28, 2026 China Display Optoelectronics Technology Holdings Limited, Annual General Meeting, May 28, 2026. Board Change • Dec 30
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: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Qiulin Yang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Dec 04
China Display Optoelectronics Technology Holdings Limited to Report Fiscal Year 2025 Results on Feb 12, 2026 China Display Optoelectronics Technology Holdings Limited announced that they will report fiscal year 2025 results on Feb 12, 2026 Annonce • Nov 29
China Display Optoelectronics Technology Holdings Limited Appoints Hai Hong as Executive Director, Effective 28 November 2025 China Display Optoelectronics Technology Holdings Limited announced that Mr. HAI Hong has been appointed as an executive Director with effect from 28 November 2025. Mr. HAI Hong, aged 42, is the general manager of China Display Optoelectronics Technology (Huizhou) Company Limited. Mr. HAI Hong holds a bachelor's degree from Xiangtan University in material formation and control engineering. From 2005 to 2011, Mr. HAI Hong held engineering-related positions at Innolux Corporation. He joined TCL China Star Optoelectronics Technology Co. Ltd. in 2011 and successively held various positions, i.e. deputy plant manager and plant manager of the m9 module production plant. He has been appointed as the general manager of CDOT Huizhou in October 2025. Annonce • Oct 20
China Display Optoelectronics Technology Holdings Limited Announces Resignation of Wang Xinfu as Executive Director with Effect from 17 October 2025 The board (the " Board ") of directors (the " Directors ", each a " Director ") of China Display Optoelectronics Technology Holdings Limited (the "Company" and together with its subsidiaries, the "Group") hereby announces that Mr. WANG Xinfu ("Mr. Wang") has resigned as an executive Director with effect from 17 October 2025 due to his decision to devote more time to his other commitments and engagements. Mr. Wang has confirmed that he has no claim against the Company whatsoever whether in respect of fees, remuneration, severance payments, pension, expenses or compensation or otherwise in respect of his resignation as an executive Director and there is no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Annonce • Sep 04
China Display Optoelectronics Technology Holdings Limited to Report Q3, 2025 Results on Nov 13, 2025 China Display Optoelectronics Technology Holdings Limited announced that they will report Q3, 2025 results at 12:30 PM, China Standard Time on Nov 13, 2025 Annonce • Aug 15
China Display Optoelectronics Technology Holdings Limited to Report First Half, 2025 Results on Aug 26, 2025 China Display Optoelectronics Technology Holdings Limited announced that they will report first half, 2025 results on Aug 26, 2025 Annonce • May 09
China Display Optoelectronics Technology Holdings Limited to Report Q1, 2025 Results on May 14, 2025 China Display Optoelectronics Technology Holdings Limited announced that they will report Q1, 2025 results on May 14, 2025 Annonce • Mar 26
China Display Optoelectronics Technology Holdings Limited, Annual General Meeting, May 23, 2025 China Display Optoelectronics Technology Holdings Limited, Annual General Meeting, May 23, 2025. Annonce • Mar 14
China Display Optoelectronics Technology Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 China Display Optoelectronics Technology Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Board Change • Sep 04
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 Non-Executive Director Qiulin Yang 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. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.004 loss in 1H 2023) First half 2024 results: EPS: CN¥0.003 (up from CN¥0.004 loss in 1H 2023). Revenue: CN¥1.84b (up 50% from 1H 2023). Net income: CN¥6.97m (up CN¥14.4m from 1H 2023). Profit margin: 0.4% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 7.2% 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 (33% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€38.7m market cap, or US$43.0m). Annonce • Aug 27
China Display Optoelectronics Technology Holdings Limited Appoints Wang Xinfu as Executive Director The board (the "Board") of directors of China Display Optoelectronics Technology Holdings Limited announced that Mr. WANG Xinfu has been appointed
as an executive Director with effect from 27 August 2024. Mr. WANG Xinfu, aged 49, is the deputy general manager in charge of the operating of the Company. He joined the Group and TCL Technology Group Corporation and its subsidiaries ("TCL Technology Group") in March 2004. Since March 2004, Mr. WANG Xinfu has held the positions of engineer and the head of facility section in China Display Optoelectronics Technology (Huizhou) Company Limited, in charge of the engineering and facility section. Since August 2008, he has served as the head of production department of CDOT Huizhou. Since 2015, he assumed the role of manufacturing director, responsible for the engineering management of manufacturing and production engineering management of CDOT Huizhou. Since December 2016, he has been the person in charge of the delivery centre of CDOT Huizhou, responsible for the operation and management of the delivery centre. In 2016, he received the Award of Outstanding Leader awarded by HZZK Hi-tech Industrial Development Zone. Mr. WANG Xinfu graduated from Changchun University of Technology in July 1999 with a Bachelor's degree in engineering. Annonce • Aug 17
China Display Optoelectronics Technology Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2024 China Display Optoelectronics Technology Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2024. For the period, the group is expected to record a profit attributable to owners of the parent of not more than RMB 7.0 million for the six months ended 30 June 2024 (relevant period) as compared to a loss of RMB 7.4 million for the corresponding period last year. The turnaround from loss to profit was mainly attributable to: government subsidies of approximately RMB 10 million received by the Group during the Relevant Period as the Group's subsidiaries in the PRC were eligible for enhanced value-added tax credits; reduction in realized losses on derivative financial instruments (such as forward currency contracts which are used to hedge the Group's foreign currency risk) from RMB 40 million in the corresponding period last year to less than RMB 1 million for the Relevant Period; and costs reduction and efficiency enhancing measures adopted by the Group. Annonce • Aug 15
China Display Optoelectronics Technology Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024 China Display Optoelectronics Technology Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024 Annonce • May 24
China Display Optoelectronics Technology Holdings Limited Appoints Yang Qiulin as Independent Non-Executive Director and Member of Each of the Audit Committee, Nomination Committee and Remuneration Committee China Display Optoelectronics Technology Holdings Limited announced that Ms. YANG Qiulin has been appointed as an independent non-executive Director and a member of each of the audit committee of the company (audit committee), nomination committee of the company (nomination committee) and remuneration committee of the company (remuneration committee), all with effect from 23 May 2024. Ms. YANG Qiulin, aged 59, is currently a level-2 professor at the University of South China and a registered Certified Public Accountant in the People's Republic of China (the PRC) (non-practicing membership). After graduating from Hunan University with a Bachelor's degree in accounting in 1987, she joined the University of South China and has since then held various teaching and administrative positions, including lecturer, deputy professor, professor of the School of Economics, Management and Law, deputy head of the Finance Department, deputy head and head of the Audit Department and head of the Bidding Management Centre. Ms. YANG Qiulin stepped down from all administrative positions at the University of South China in September 2017 and currently focuses on her teaching positions. Since August 2017, Ms. YANG Qiulin has become a member of the Professional Environmental Committee of the Accounting Society of China an executive member of each of the Accounting Society of Hunan Province and Audit Society of Hunan Province and deputy head of the Accounting Society of Hengyang City. In the last 3 years, Ms. YANG Qiulin held directorships at the following public listed companies: Hunan Airbluer Environmental Protection Technology Co. Ltd., Independent director (November 2017 - November 2023); Hunan Jiudian Pharmaceutical Co. Ltd., Independent director, (Since January 2021); Hunan Xingtian Electronic Technology Co. Ltd., Independent director (Since October 2021); Hunan Lead Power Technology Group Co. Ltd., Independent director (Since January 2022); AVE Science & Technology Co. Ltd., Independent director (Since April 2020). Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.081 in FY 2022) Full year 2023 results: EPS: CN¥0.006 (down from CN¥0.081 in FY 2022). Revenue: CN¥2.58b (down 39% from FY 2022). Net income: CN¥13.1m (down 92% from FY 2022). Profit margin: 0.5% (down from 4.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Annonce • Mar 16
China Display Optoelectronics Technology Holdings Limited, Annual General Meeting, May 23, 2024 China Display Optoelectronics Technology Holdings Limited, Annual General Meeting, May 23, 2024. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.081 in FY 2022) Full year 2023 results: EPS: CN¥0.006 (down from CN¥0.081 in FY 2022). Revenue: CN¥2.58b (down 39% from FY 2022). Net income: CN¥13.1m (down 92% from FY 2022). Profit margin: 0.5% (down from 4.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Annonce • Mar 06
China Display Optoelectronics Technology Holdings Limited to Report Fiscal Year 2023 Results on Mar 15, 2024 China Display Optoelectronics Technology Holdings Limited announced that they will report fiscal year 2023 results on Mar 15, 2024 New Risk • Sep 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 152% 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (152% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (€72.9m market cap, or US$77.7m). Reported Earnings • Aug 31
First half 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.064 profit in 1H 2022) First half 2023 results: CN¥0.004 loss per share (down from CN¥0.064 profit in 1H 2022). Revenue: CN¥1.23b (down 55% from 1H 2022). Net loss: CN¥7.42m (down 106% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Aug 29
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: 1.0% Last year net profit margin: 4.0% 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: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (€76.3m market cap, or US$82.8m). Annonce • Aug 16
China Display Optoelectronics Technology Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023 China Display Optoelectronics Technology Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023 Annonce • Aug 13
China Display Optoelectronics Technology Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023 China Display Optoelectronics Technology Holdings Limited provided group earnings guidance for the six months ended 30 June 2023. The board of directors of the Company informed the shareholders of the Company and potential investors that based on information currently available to the Board and the preliminary assessment of the unaudited consolidated management accounts of the Group by the Board, the Group is expected to record an unaudited consolidated net loss attributable to owners of the parent of no more than RMB 10 million for the six months ended 30 June 2023 ("Relevant Period") as compared to the unaudited consolidated net profit attributable to owners of the parent of approximately RMB 134 million for the six months ended 30 June 2022. Annonce • Jun 03
China Display Optoelectronics Technology Holdings Limited Announces Change of Executive Director The Board hereby announces the following changes in directorate of the Company: (i) Mr. ZHANG Feng has resigned as an executive Director with effect from 2 June 2023;and (ii) Mr. XI Wenbo has been appointed as an executive Director with effect from 2 June 2023. Mr. XI Wenbo, aged 44, graduated from Jiangxi University of Finance and Economics with a bachelor degree in insurance and accounting and a master 's degree in accounting. He joined TCL Technology Group Corporation (TCL a joint stock limited company established under the laws of the People's Republic of China, the ultimate controlling shareholder of the Company, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000100), hereinafter "TCL Technology") in February 2005. From 2005 to 2019, he held various positions in TCL Technology and its subsidiaries, including cost accountant, general ledger manager, senior finance manager and finance director. From February 2019 to October 2022, he was the head of the financial operation department of TCL Technology. Since November 2022, he has become the vice director and head of financial centre of TCL China Star Optoelectronics Technology Co. Ltd. (a company established under the laws of the People's Republic of China and a subsidiary of TCL Technology). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.076 in FY 2021) Full year 2022 results: EPS: CN¥0.081 (up from CN¥0.076 in FY 2021). Revenue: CN¥4.21b (down 28% from FY 2021). Net income: CN¥169.0m (up 5.6% from FY 2021). Profit margin: 4.0% (up from 2.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Helen Hsu was the last independent director to join the board, commencing their role in 2015. 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 • Aug 20
First half 2022 earnings released: EPS: CN¥0.064 (vs CN¥0.031 in 1H 2021) First half 2022 results: EPS: CN¥0.064 (up from CN¥0.031 in 1H 2021). Revenue: CN¥2.74b (down 4.1% from 1H 2021). Net income: CN¥134.0m (up 108% from 1H 2021). Profit margin: 4.9% (up from 2.3% in 1H 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Aug 11
China Display Optoelectronics Technology Holdings Limited to Report First Half, 2022 Results on Aug 19, 2022 China Display Optoelectronics Technology Holdings Limited announced that they will report first half, 2022 results on Aug 19, 2022 Board Change • Apr 27
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Helen Hsu was the last independent director to join the board, commencing their role in 2015. 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 • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.076 (up from CN¥0.012 in FY 2020). Revenue: CN¥5.84b (up 34% from FY 2020). Net income: CN¥160.0m (up CN¥134.8m from FY 2020). Profit margin: 2.7% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Annonce • Mar 03
China Display Optoelectronics Technology Holdings Limited to Report Fiscal Year 2021 Results on Mar 14, 2022 China Display Optoelectronics Technology Holdings Limited announced that they will report fiscal year 2021 results on Mar 14, 2022 Reported Earnings • Aug 11
First half 2021 earnings released: EPS CN¥0.031 (vs CN¥0.042 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥2.85b (up 76% from 1H 2020). Net income: CN¥64.3m (up CN¥152.9m from 1H 2020). Profit margin: 2.3% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annonce • May 26
An unknown buyer acquired 70% stake in Wuhan China Display Optoelectronics Technology Co., Ltd from China Display Optoelectronics Technology Holdings Limited (SEHK:334) for RMB 286 million. An unknown buyer acquired 70% stake in Wuhan China Display Optoelectronics Technology Co., Ltd from China Display Optoelectronics Technology Holdings Limited (SEHK:334) for RMB 286 million on May 25, 2021.
An unknown buyer completed the acquisition of 70% stake in Wuhan China Display Optoelectronics Technology Co., Ltd from China Display Optoelectronics Technology Holdings Limited (SEHK:334) on May 25, 2021. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.012 (vs CN¥0.025 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.35b (down 20% from FY 2019). Net income: CN¥25.1m (down 52% from FY 2019). Profit margin: 0.6% (down from 1.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% 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. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS CN¥0.012 (vs CN¥0.025 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.35b (down 20% from FY 2019). Net income: CN¥25.1m (down 52% from FY 2019). Profit margin: 0.6% (down from 1.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% 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. Executive Departure • Mar 06
Executive Director has left the company On the 4th of March, Jun Zhao's tenure as Executive Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Jun's name. Jun is the only executive to leave the company over the last 12 months. Annonce • Feb 19
China Display Optoelectronics Technology Holdings Limited to Report Fiscal Year 2020 Results on Mar 05, 2021 China Display Optoelectronics Technology Holdings Limited announced that they will report fiscal year 2020 results on Mar 05, 2021 Annonce • Aug 12
China Display Optoelectronics Technology Holdings Limited to Report First Half, 2020 Results on Aug 21, 2020 China Display Optoelectronics Technology Holdings Limited announced that they will report first half, 2020 results on Aug 21, 2020