New Risk • Aug 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10.0% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Reported Earnings • Aug 16
Second quarter 2026 earnings released: EPS: CN¥0.071 (vs CN¥0.28 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.071 (down from CN¥0.28 in 2Q 2025). Revenue: CN¥1.69b (up 24% from 2Q 2025). Net income: CN¥47.5m (down 77% from 2Q 2025). Profit margin: 2.8% (down from 15% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥36.66, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 64x in the Electronic industry in China. Total returns to shareholders of 130% over the past three years. Annuncio • Jul 21
Olympic Circuit Technology Co., Ltd (SHSE:603920) announces an Equity Buyback for CNY 300 million worth of its shares. Olympic Circuit Technology Co., Ltd (SHSE:603920) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 55 per share. The shares purchased will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded out of the company's own funds. The program will be valid till 6 months from the Company's Directorate's Approval Date Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥34.20, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 67x in the Electronic industry in China. Total returns to shareholders of 110% over the past three years. Annuncio • Jun 30
Olympic Circuit Technology Co., Ltd to Report First Half, 2026 Results on Aug 14, 2026 Olympic Circuit Technology Co., Ltd announced that they will report first half, 2026 results on Aug 14, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥48.20, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 81x in the Electronic industry in China. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥55.98, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.57 per share. New Risk • May 05
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: 9.5% Last year net profit margin: 14% 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 Dividend is not well covered by cash flows (dividend per share is over 13x cash flows per share). Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (9.5% net profit margin). Reported Earnings • Apr 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.95. Revenue: CN¥5.58b (up 11% from FY 2024). Net income: CN¥684.0m (up 1.4% from FY 2024). Profit margin: 12% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Annuncio • Apr 23
Olympic Circuit Technology Co., Ltd, Annual General Meeting, May 14, 2026 Olympic Circuit Technology Co., Ltd, Annual General Meeting, May 14, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Heshan, Guangdong China Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥57.08, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.23 per share. Annuncio • Mar 30
Olympic Circuit Technology Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Olympic Circuit Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Price Target Changed • Feb 21
Price target decreased by 21% to CN¥30.00 Down from CN¥37.98, the current price target is provided by 1 analyst. New target price is 52% below last closing price of CN¥62.70. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥1.22 for next year compared to CN¥1.09 last year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥68.25, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 361% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.43 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥55.68, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 301% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.47 per share. Annuncio • Dec 26
Olympic Circuit Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Olympic Circuit Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2024). Revenue: CN¥1.50b (up 17% from 3Q 2024). Net income: CN¥241.0m (up 34% from 3Q 2024). Profit margin: 16% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. 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 37% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 30
Olympic Circuit Technology Co., Ltd to Report Q3, 2025 Results on Oct 29, 2025 Olympic Circuit Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥42.55, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.87 per share. Buy Or Sell Opportunity • Aug 28
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥37.02. The fair value is estimated to be CN¥30.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Buy Or Sell Opportunity • Aug 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to CN¥36.99. The fair value is estimated to be CN¥30.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. New Risk • Jul 28
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. This is currently the only risk that has been identified for the company. Annuncio • Jun 30
Olympic Circuit Technology Co., Ltd to Report First Half, 2025 Results on Aug 27, 2025 Olympic Circuit Technology Co., Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Annuncio • Apr 16
Olympic Circuit Technology Co., Ltd, Annual General Meeting, May 06, 2025 Olympic Circuit Technology Co., Ltd, Annual General Meeting, May 06, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Heshan, Guangdong China Reported Earnings • Apr 14
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.09 (up from CN¥0.93 in FY 2023). Revenue: CN¥5.02b (up 11% from FY 2023). Net income: CN¥674.7m (up 36% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 7.9%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥23.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥35.58 per share. New Risk • Apr 07
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 9.9% 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 (9.9% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Buy Or Sell Opportunity • Apr 07
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥25.82. The fair value is estimated to be CN¥35.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Annuncio • Mar 28
Olympic Circuit Technology Co., Ltd to Report Q1, 2025 Results on Apr 16, 2025 Olympic Circuit Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 16, 2025 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥32.17, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.56 per share. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥38.30, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.48 per share. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥33.71, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.65 per share. Buy Or Sell Opportunity • Jan 10
Now 20% undervalued Over the last 90 days, the stock has risen 31% to CN¥31.58. The fair value is estimated to be CN¥39.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Annuncio • Dec 27
Olympic Circuit Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 16, 2025 Olympic Circuit Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 16, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥32.62, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.95 per share. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.33 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.29. Revenue: CN¥1.28b (up 6.8% from 3Q 2023). Net income: CN¥180.2m (flat on 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue is forecast to grow 18% 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¥23.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.92 per share. Annuncio • Sep 30
Olympic Circuit Technology Co., Ltd to Report Q3, 2024 Results on Oct 29, 2024 Olympic Circuit Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥23.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.00 per share. New Risk • Sep 25
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 8.5% 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 (8.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (24% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.24, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. New Risk • Jul 18
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 7.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.08, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 85% over the past three years. Annuncio • Jun 29
Olympic Circuit Technology Co., Ltd to Report First Half, 2024 Results on Aug 23, 2024 Olympic Circuit Technology Co., Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥1.09b (up 7.7% from 1Q 2023). Net income: CN¥108.6m (up 45% from 1Q 2023). Profit margin: 9.9% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 26
Olympic Circuit Technology Co., Ltd, Annual General Meeting, May 15, 2024 Olympic Circuit Technology Co., Ltd, Annual General Meeting, May 15, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Heshan, Guangdong China New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (24% increase in shares outstanding). Annuncio • Mar 29
Olympic Circuit Technology Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Olympic Circuit Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.21 per share. Annuncio • Dec 29
Olympic Circuit Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Olympic Circuit Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.33 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.33 in 3Q 2022). Revenue: CN¥1.20b (up 5.0% from 3Q 2022). Net income: CN¥178.5m (up 8.4% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 21% 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 increased by 25% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥1.14b (down 7.2% from 2Q 2022). Net income: CN¥120.9m (up 40% from 2Q 2022). Profit margin: 11% (up from 7.0% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • Jun 28
Olympic Circuit Technology Co., Ltd to Report First Half, 2023 Results on Aug 30, 2023 Olympic Circuit Technology Co., Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥20.38, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Apr 28
Third quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.14 in 3Q 2021). Revenue: CN¥1.14b (up 3.0% from 3Q 2021). Net income: CN¥164.6m (up 111% from 3Q 2021). Profit margin: 14% (up from 7.0% in 3Q 2021). Revenue is forecast to grow 18% 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 10% 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. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.71, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 6.0% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.14 in 3Q 2021). Revenue: CN¥1.14b (up 3.0% from 3Q 2021). Net income: CN¥164.6m (up 111% from 3Q 2021). Profit margin: 14% (up from 7.0% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 20% 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 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥15.41, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.22 per share. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.096 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.096 in 2Q 2021). Revenue: CN¥1.22b (up 51% from 2Q 2021). Net income: CN¥86.3m (up 71% from 2Q 2021). Profit margin: 7.0% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, 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 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Annuncio • Aug 05
Olympic Circuit Technology Co., Ltd announced that it expects to receive CNY 1.7930565 billion in funding Olympic Circuit Technology Co., Ltd announced a private placement of A Shares to issue not more than 159,674,775 shares for an aggregate gross proceeds of not more than CNY 1,793,056,500 on August 4, 2022. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors. The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved at the 2nd Meeting of the company’s 4th Directorate and 2nd Meeting of the 4th Supervisory Board. The transaction is still subject to approval from company’s Shareholders and the China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥18.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥15.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 66% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.054 in 1Q 2021). Revenue: CN¥977.6m (up 42% from 1Q 2021). Net income: CN¥47.2m (up 69% from 1Q 2021). Profit margin: 4.8% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥13.86, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.09, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥22.82, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥23.79, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 180% over the past three years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.14 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.11b (up 61% from 3Q 2020). Net income: CN¥78.0m (up 7.3% from 3Q 2020). Profit margin: 7.0% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.96, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥15.43, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 65% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.096 (vs CN¥0.17 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥813.1m (up 30% from 2Q 2020). Net income: CN¥50.3m (down 45% from 2Q 2020). Profit margin: 6.2% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥14.43, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.49, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 68% over the past three years. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.13 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥687.7m (up 38% from 1Q 2020). Net income: CN¥27.9m (down 46% from 1Q 2020). Profit margin: 4.1% (down from 10% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 15
Full year 2020 earnings released: EPS CN¥0.75 (vs CN¥0.81 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥2.54b (up 4.0% from FY 2019). Net income: CN¥303.7m (down 7.1% from FY 2019). Profit margin: 12% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 26
New 90-day low: CN¥19.18 The company is down 37% from its price of CN¥30.62 on 27 November 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 down 2.0% over the same period. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥23.45 The company is down 2.0% from its price of CN¥23.95 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to CN¥28.00, the stock is trading at a trailing P/E ratio of 34.9x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 48x in the Electronic industry in China. Total returns to shareholders over the past three years are 35%. Is New 90 Day High Low • Nov 06
New 90-day high: CN¥28.00 The company is up 19% from its price of CN¥23.46 on 07 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period.