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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hongyu Yu 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. Annuncio • Apr 02
OFILM Group Co., Ltd., Annual General Meeting, Apr 22, 2026 OFILM Group Co., Ltd., Annual General Meeting, Apr 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Annuncio • Mar 31
OFILM Group Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 OFILM Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annuncio • Dec 31
OFILM Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 02, 2026 OFILM Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 02, 2026 Annuncio • Sep 30
OFILM Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 OFILM Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Annuncio • Jul 02
OFILM Group Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 OFILM Group Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Annuncio • Apr 02
OFILM Group Co., Ltd., Annual General Meeting, Apr 25, 2025 OFILM Group Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Annuncio • Mar 31
OFILM Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 OFILM Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Annuncio • Dec 31
OFILM Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 02, 2025 OFILM Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 02, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.002 (vs CN¥0.017 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.002 (down from CN¥0.017 in 3Q 2023). Revenue: CN¥4.94b (up 9.6% from 3Q 2023). Net income: CN¥7.97m (down 85% from 3Q 2023). Profit margin: 0.2% (down from 1.2% in 3Q 2023). Revenue is forecast to grow 11% 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 increased by 55% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.95, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. Annuncio • Sep 30
OFILM Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 OFILM Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 06
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 6.9% 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: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.001 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.001 in 2Q 2023). Revenue: CN¥4.89b (up 35% from 2Q 2023). Net income: CN¥23.2m (up 429% from 2Q 2023). Profit margin: 0.5% (up from 0.1% in 2Q 2023). Revenue is forecast to grow 10% 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 increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 29
OFILM Group Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 OFILM Group Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Board Change • Jun 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hongyu Yu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 21
OFILM Group Co., Ltd., Annual General Meeting, May 15, 2024 OFILM Group Co., Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.024 (vs CN¥1.59 loss in FY 2022) Full year 2023 results: EPS: CN¥0.024 (up from CN¥1.59 loss in FY 2022). Revenue: CN¥16.9b (up 14% from FY 2022). Net income: CN¥76.9m (up CN¥5.26b from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 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 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Mar 30
OFILM Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 OFILM Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Annuncio • Dec 29
OFILM Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 OFILM Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.74 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.017 (up from CN¥0.74 loss in 3Q 2022). Revenue: CN¥4.50b (up 48% from 3Q 2022). Net income: CN¥54.3m (up CN¥2.46b from 3Q 2022). Profit margin: 1.2% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 17% 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 36% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Oct 10
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 6.2% 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. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.21 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.001 (up from CN¥0.21 loss in 2Q 2022). Revenue: CN¥3.62b (up 14% from 2Q 2022). Net income: CN¥4.39m (up CN¥691.9m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Annuncio • Jul 01
OFILM Group Co., Ltd. to Report First Half, 2023 Results on Aug 23, 2023 OFILM Group Co., Ltd. announced that they will report first half, 2023 results on Aug 23, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. GM & Supervisor Li Xuan was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.74 loss per share (vs CN¥0.025 loss in 3Q 2021) Third quarter 2022 results: CN¥0.74 loss per share (further deteriorated from CN¥0.025 loss in 3Q 2021). Revenue: CN¥3.05b (down 44% from 3Q 2021). Net loss: CN¥2.41b (loss widened CN¥2.33b from 3Q 2021). Revenue is forecast to grow 8.9% 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, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 03
Second quarter 2022 earnings released: CN¥0.21 loss per share (vs CN¥0.016 loss in 2Q 2021) Second quarter 2022 results: CN¥0.21 loss per share (down from CN¥0.016 loss in 2Q 2021). Revenue: CN¥3.18b (down 27% from 2Q 2021). Net loss: CN¥687.5m (loss widened CN¥644.2m from 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the Electronic industry in China. 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 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.057 loss per share (vs CN¥0.029 profit in 1Q 2021) First quarter 2022 results: CN¥0.057 loss per share (down from CN¥0.029 profit in 1Q 2021). Revenue: CN¥4.59b (down 38% from 1Q 2021). Net loss: CN¥186.3m (down 341% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 33%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. GM & Supervisor Li Xuan was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.025 loss per share (vs CN¥0.088 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥5.46b (down 60% from 3Q 2020). Net loss: CN¥74.3m (down 131% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CN¥0.016 loss per share (vs CN¥0.13 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥4.38b (down 68% from 2Q 2020). Net loss: CN¥43.3m (down 112% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.052 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥7.37b (down 25% from 1Q 2020). Net income: CN¥77.2m (down 45% from 1Q 2020). Profit margin: 1.0% (down from 1.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥8.55, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.25 per share. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 16%, compared to a 31% growth forecast for the Electronic industry in China. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.19 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥48.4b (down 6.9% from FY 2019). Net income: CN¥880.5m (up 73% from FY 2019). Profit margin: 1.8% (up from 1.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥10.49, the stock is trading at a trailing P/E ratio of 26.3x, down from the previous P/E ratio of 32.4x. This compares to an average P/E of 40x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 41%. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥11.88 The company is down 22% from its price of CN¥15.27 on 23 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 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥42.26 per share. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥14.17 The company is down 7.0% from its price of CN¥15.26 on 18 September 2020. The Chinese market is up 2.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.54 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 0.8% at CN¥13.6b. Revenue is forecast to grow 13% over the next year, compared to a 30% growth forecast for the Electronic industry in China.