Major Estimate Revision • May 06
Consensus revenue estimates decrease by 28% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥742.3m to CN¥537.0m. EPS estimate unchanged at CN¥1.02 per share. Net income forecast to grow 449% next year vs 112% growth forecast for Communications industry in China. Consensus price target of CN¥81.60 unchanged from last update. Share price rose 5.7% to CN¥67.60 over the past week. Annuncio • Apr 29
Yangtze Optical Electronic Co., Ltd., Annual General Meeting, May 22, 2026 Yangtze Optical Electronic Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hunan China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.19 (up from CN¥0.15 in FY 2024). Revenue: CN¥398.0m (up 20% from FY 2024). Net income: CN¥23.9m (up 33% from FY 2024). Profit margin: 6.0% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annuncio • Mar 30
Yangtze Optical Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Yangtze Optical Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Feb 09
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 9.8% 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 (9.8% average weekly change). High level of non-cash earnings (39% accrual ratio). Annuncio • Dec 26
Yangtze Optical Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Yangtze Optical Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.015 (vs CN¥0.14 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.015 (up from CN¥0.14 loss in 3Q 2024). Revenue: CN¥77.0m (up 66% from 3Q 2024). Net income: CN¥1.68m (up CN¥20.5m from 3Q 2024). Profit margin: 2.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Annuncio • Sep 30
Yangtze Optical Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Yangtze Optical Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Annuncio • Jun 30
Yangtze Optical Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Yangtze Optical Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • May 16
Yangtze Optical Electronic Co., Ltd., Annual General Meeting, Jun 06, 2025 Yangtze Optical Electronic Co., Ltd., Annual General Meeting, Jun 06, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hunan China New Risk • Apr 30
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: 5.8% Last year net profit margin: 12% 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 High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.049 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.049 in 1Q 2024). Revenue: CN¥65.5m (up 15% from 1Q 2024). Net income: CN¥8.28m (up 30% from 1Q 2024). Profit margin: 13% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Major Estimate Revision • Apr 12
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥517.1m to CN¥507.0m. EPS estimate also fell from CN¥0.805 per share to CN¥0.62 per share. Net income forecast to grow 324% next year vs 56% growth forecast for Communications industry in China. Consensus price target of CN¥24.38 unchanged from last update. Share price was steady at CN¥31.80 over the past week. Annuncio • Mar 28
Yangtze Optical Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Yangtze Optical Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.15 (up from CN¥0.13 in FY 2023). Revenue: CN¥330.8m (up 50% from FY 2023). Net income: CN¥17.8m (up 14% from FY 2023). Profit margin: 5.4% (down from 7.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 68%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Annuncio • Dec 27
Yangtze Optical Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025 Yangtze Optical Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025 New Risk • Nov 15
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 12% 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 (12% average weekly change). High level of non-cash earnings (31% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.067 loss in 3Q 2023) Third quarter 2024 results: CN¥0.14 loss per share (further deteriorated from CN¥0.067 loss in 3Q 2023). Revenue: CN¥46.5m (up 57% from 3Q 2023). Net loss: CN¥18.9m (loss widened 57% from 3Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Annuncio • Sep 30
Yangtze Optical Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Yangtze Optical Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.737 to CN¥0.53. Revenue forecast unchanged from CN¥379.2m at last update. Net income forecast to grow 456% next year vs 62% growth forecast for Communications industry in China. Consensus price target of CN¥24.38 unchanged from last update. Share price was steady at CN¥17.14 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.086 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.086 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥79.8m (down 1.9% from 2Q 2023). Net income: CN¥8.81m (down 62% from 2Q 2023). Profit margin: 11% (down from 29% in 2Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. New Risk • Jul 26
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 7.4% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Annuncio • Jul 18
Yangtze Optical Electronic Co., Ltd. (SHSE:688143) announces an Equity Buyback for CNY 40 million worth of its shares. Yangtze Optical Electronic Co., Ltd. (SHSE:688143) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 40 million. The shares will be purchased at a price not exceeding CNY 33.13 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months. Annuncio • Jun 29
Yangtze Optical Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Yangtze Optical Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Annuncio • Jun 06
Wuhan Fulu Investment Consulting Co., Ltd. agreed to acquire Changyingtong (Ezhou) Ecological Agriculture Development Co., Ltd. from Yangtze Optical Electronic Co., Ltd. (SHSE:688143) for CNY 10 billion. Wuhan Fulu Investment Consulting Co., Ltd. agreed to acquire Changyingtong (Ezhou) Ecological Agriculture Development Co., Ltd. from Yangtze Optical Electronic Co., Ltd. (SHSE:688143) for CNY 10 billion on June 3, 2024. As of June 3, 2024 9th (Extraordinary) Meeting of the 2nd Board of Directors and 8th Meeting of the 2nd Board of Supervisors of Yangtze Optical Electronic Co., Ltd. (SHSE:688143) approved the transaction. Annuncio • Jun 05
Yangtze Optical Electronic Co., Ltd., Annual General Meeting, Jun 24, 2024 Yangtze Optical Electronic Co., Ltd., Annual General Meeting, Jun 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hunan China Major Estimate Revision • May 13
Consensus revenue estimates increase by 11%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥347.4m to CN¥386.4m. EPS estimate fell from CN¥0.777 to CN¥0.745. Net income forecast to grow 238% next year vs 66% growth forecast for Communications industry in China. Consensus price target of CN¥32.81 unchanged from last update. Share price was steady at CN¥22.47 over the past week. Annuncio • Mar 29
Yangtze Optical Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Yangtze Optical Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.13 (down from CN¥0.88 in FY 2022). Revenue: CN¥220.2m (down 30% from FY 2022). Net income: CN¥15.6m (down 81% from FY 2022). Profit margin: 7.1% (down from 26% in FY 2022). Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in China. Reported Earnings • Feb 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.88 in FY 2022). Revenue: CN¥220.2m (down 30% from FY 2022). Net income: CN¥15.0m (down 82% from FY 2022). Profit margin: 6.8% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 82%. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Communications industry in China. Annuncio • Feb 09
Yangtze Optical Electronic Co., Ltd. (SHSE:688143) announces an Equity Buyback for CNY 50 million worth of its shares. Yangtze Optical Electronic Co., Ltd. (SHSE:688143) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 39.22 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to implement equity incentives or employee stock ownership plans within three years after the completion of the share repurchase, the unimplemented portion of the shares will be subject to legal be cancelled. The program will be funded from company's own funds. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥20.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Communications industry in China. Total loss to shareholders of 47% over the past year. New Risk • Jan 17
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 7.8% 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 (7.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 154% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.067 loss per share (vs CN¥0.11 profit in 3Q 2022) Third quarter 2023 results: CN¥0.067 loss per share (down from CN¥0.11 profit in 3Q 2022). Revenue: CN¥29.6m (down 56% from 3Q 2022). Net loss: CN¥12.0m (down 219% from profit in 3Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Reported Earnings • Aug 24
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.19. Net income: CN¥23.3m (up CN¥23.3m from 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥39.57, the stock trades at a trailing P/E ratio of 76.6x. Average trailing P/E is 61x in the Communications industry in China. Annuncio • Jun 28
Yangtze Optical Electronic Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Yangtze Optical Electronic Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥45.85, the stock trades at a trailing P/E ratio of 68.3x. Average trailing P/E is 61x in the Communications industry in China. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥44.04, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 51x in the Communications industry in China.