View ValuationLUSTER LightTech 将来の成長Future 基準チェック /26LUSTER LightTechは、5.6%と18.8%でそれぞれ年率5.6%で利益と収益が成長すると予測される一方、EPSはgrowで4.9%年率。主要情報5.6%収益成長率4.93%EPS成長率Electronic 収益成長32.7%収益成長率18.8%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日05 May 2026今後の成長に関する最新情報Major Estimate Revision • Feb 25Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.88b to CN¥2.80b. EPS estimate also fell from CN¥0.405 per share to CN¥0.36 per share. Net income forecast to grow 86% next year vs 47% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥41.05. Share price rose 2.8% to CN¥46.09 over the past week.Price Target Changed • Nov 27Price target increased by 61% to CN¥40.50Up from CN¥25.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥41.43. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.23 last year.Price Target Changed • Oct 02Price target increased by 14% to CN¥25.20Up from CN¥22.10, the current price target is provided by 1 analyst. New target price is 47% below last closing price of CN¥47.87. Stock is up 131% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.23 last year.Price Target Changed • Jun 06Price target decreased by 20% to CN¥15.30Down from CN¥19.10, the current price target is provided by 1 analyst. New target price is 43% below last closing price of CN¥26.91. Stock is up 70% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.23 last year.Price Target Changed • Nov 04Price target increased by 19% to CN¥18.15Up from CN¥15.20, the current price target is an average from 2 analysts. New target price is 23% below last closing price of CN¥23.60. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.35 last year.Major Estimate Revision • Sep 06Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.91b to CN¥2.52b. EPS estimate fell from CN¥0.425 to CN¥0.40 per share. Net income forecast to grow 30% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥16.50 to CN¥15.20. Share price rose 7.3% to CN¥17.00 over the past week.すべての更新を表示Recent updatesお知らせ • Apr 29LUSTER LightTech Co., LTD., Annual General Meeting, May 29, 2026LUSTER LightTech Co., LTD., Annual General Meeting, May 29, 2026, at 15:00 China Standard Time. Location: Zhishi Lixing Building, Cuihu South Ring Road, Haidian District, Beijing ChinaReported Earnings • Apr 29First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: CN¥0.43 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥597.3m (down 2.8% from 1Q 2025). Net income: CN¥199.8m (up CN¥184.8m from 1Q 2025). Profit margin: 33% (up from 2.4% in 1Q 2025). Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Apr 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% 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.お知らせ • Mar 30LUSTER LightTech Co., LTD. to Report Q1, 2026 Results on Apr 29, 2026LUSTER LightTech Co., LTD. announced that they will report Q1, 2026 results on Apr 29, 2026Reported Earnings • Mar 01Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.23 in FY 2024)Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.23 in FY 2024). Revenue: CN¥2.92b (up 31% from FY 2024). Net income: CN¥160.9m (up 50% from FY 2024). Profit margin: 5.5% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Major Estimate Revision • Feb 25Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.88b to CN¥2.80b. EPS estimate also fell from CN¥0.405 per share to CN¥0.36 per share. Net income forecast to grow 86% next year vs 47% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥41.05. Share price rose 2.8% to CN¥46.09 over the past week.New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.お知らせ • Dec 26LUSTER LightTech Co., LTD. to Report Fiscal Year 2025 Results on Apr 29, 2026LUSTER LightTech Co., LTD. announced that they will report fiscal year 2025 results on Apr 29, 2026Price Target Changed • Nov 27Price target increased by 61% to CN¥40.50Up from CN¥25.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥41.43. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.23 last year.Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CN¥0.08 (up from CN¥0.051 in 3Q 2024). Revenue: CN¥759.3m (up 53% from 3Q 2024). Net income: CN¥36.6m (up 48% from 3Q 2024). Profit margin: 4.8% (down from 5.0% in 3Q 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Price Target Changed • Oct 02Price target increased by 14% to CN¥25.20Up from CN¥22.10, the current price target is provided by 1 analyst. New target price is 47% below last closing price of CN¥47.87. Stock is up 131% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.23 last year.お知らせ • Sep 30LUSTER LightTech Co., LTD. to Report Q3, 2025 Results on Oct 30, 2025LUSTER LightTech Co., LTD. announced that they will report Q3, 2025 results on Oct 30, 2025New Risk • Sep 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.お知らせ • Jun 30LUSTER LightTech Co., LTD. to Report First Half, 2025 Results on Aug 29, 2025LUSTER LightTech Co., LTD. announced that they will report first half, 2025 results on Aug 29, 2025Price Target Changed • Jun 06Price target decreased by 20% to CN¥15.30Down from CN¥19.10, the current price target is provided by 1 analyst. New target price is 43% below last closing price of CN¥26.91. Stock is up 70% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.23 last year.Reported Earnings • Apr 29First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CN¥0.03 (up from CN¥0.01 loss in 1Q 2024). Revenue: CN¥614.5m (up 39% from 1Q 2024). Net income: CN¥15.0m (up CN¥21.7m from 1Q 2024). Profit margin: 2.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China.お知らせ • Apr 29LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2025LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time.お知らせ • Mar 28LUSTER LightTech Co., LTD. to Report Q1, 2025 Results on Apr 29, 2025LUSTER LightTech Co., LTD. announced that they will report Q1, 2025 results on Apr 29, 2025分析記事 • Mar 11LUSTER LightTech Co., LTD.'s (SHSE:688400) 28% Price Boost Is Out Of Tune With RevenuesLUSTER LightTech Co., LTD. ( SHSE:688400 ) shares have continued their recent momentum with a 28% gain in the last...Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.23 (down from CN¥0.35 in FY 2023). Revenue: CN¥2.23b (down 15% from FY 2023). Net income: CN¥105.2m (down 36% from FY 2023). Profit margin: 4.7% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.New Risk • Feb 20New major risk - Share price stabilityThe 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results.お知らせ • Dec 27LUSTER LightTech Co., LTD. to Report Fiscal Year 2024 Results on Apr 29, 2025LUSTER LightTech Co., LTD. announced that they will report fiscal year 2024 results on Apr 29, 2025お知らせ • Dec 05LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 100 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 35 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from the company's own funds and special loans for stock repurchase. The authority shall expire 12 months from the date of board approval.分析記事 • Nov 17LUSTER LightTech Co., LTD. (SHSE:688400) Stock Rockets 32% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, LUSTER LightTech Co., LTD. ( SHSE:688400 ) shares have been powering on, with a gain of...分析記事 • Nov 05LUSTER LightTech's (SHSE:688400) Earnings Quality Is LowLUSTER LightTech Co., LTD. ( SHSE:688400 ) recently posted soft earnings but shareholders didn't react strongly. We did...Price Target Changed • Nov 04Price target increased by 19% to CN¥18.15Up from CN¥15.20, the current price target is an average from 2 analysts. New target price is 23% below last closing price of CN¥23.60. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.35 last year.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.10 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥495.9m (down 23% from 3Q 2023). Net income: CN¥24.7m (down 47% from 3Q 2023). Profit margin: 5.0% (down from 7.3% in 3Q 2023). Revenue is forecast to grow 22% 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 15Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥19.05, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 22% over the past year.分析記事 • Oct 03These 4 Measures Indicate That LUSTER LightTech (SHSE:688400) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results.お知らせ • Sep 30LUSTER LightTech Co., LTD. to Report Q3, 2024 Results on Oct 30, 2024LUSTER LightTech Co., LTD. announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 28%After last week's 28% share price gain to CN¥20.75, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 16% over the past year.New Risk • Sep 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.分析記事 • Sep 06Analyst Forecasts Just Became More Bearish On LUSTER LightTech Co., LTD. (SHSE:688400)Market forces rained on the parade of LUSTER LightTech Co., LTD. ( SHSE:688400 ) shareholders today, when the analysts...Major Estimate Revision • Sep 06Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.91b to CN¥2.52b. EPS estimate fell from CN¥0.425 to CN¥0.40 per share. Net income forecast to grow 30% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥16.50 to CN¥15.20. Share price rose 7.3% to CN¥17.00 over the past week.Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥16.82, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 34% over the past year.お知らせ • Aug 28LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 60 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 21 per share. The repurchased shares will be used for employee shareholding plan or equity incentive plan. If the company fails to transfer the repurchased shares within three years after the announcement of the repurchase implementation results and share changes, the company will perform the procedures for reducing the registered capital in accordance with the law, and the un transferred shares will be cancelled. The program will be funded from company's own funds. The authorization will be valid for a period of 12 months.分析記事 • Jul 03Is LUSTER LightTech (SHSE:688400) Using Debt Sensibly?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jun 28LUSTER LightTech Co., LTD. to Report First Half, 2024 Results on Aug 28, 2024LUSTER LightTech Co., LTD. announced that they will report first half, 2024 results on Aug 28, 2024New Risk • May 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).New Risk • May 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 52% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Price Target Changed • May 11Price target decreased by 18% to CN¥14.90Down from CN¥18.10, the current price target is provided by 1 analyst. New target price is 18% below last closing price of CN¥18.10. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.35 last year.分析記事 • May 06Earnings Troubles May Signal Larger Issues for LUSTER LightTech (SHSE:688400) ShareholdersThe market wasn't impressed with the soft earnings from LUSTER LightTech Co., LTD. ( SHSE:688400 ) recently. We did...お知らせ • May 01LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2024LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: Zhishi Lixing Building, Cuihu South Ring Road, Haidian District, Beijing ChinaReported Earnings • Apr 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.35 (down from CN¥0.46 in FY 2022). Revenue: CN¥2.64b (down 3.9% from FY 2022). Net income: CN¥163.9m (down 13% from FY 2022). Profit margin: 6.2% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.分析記事 • Apr 21LUSTER LightTech Co., LTD. (SHSE:688400) Shares Slammed 26% But Getting In Cheap Might Be Difficult RegardlessLUSTER LightTech Co., LTD. ( SHSE:688400 ) shares have had a horrible month, losing 26% after a relatively good period...お知らせ • Mar 30LUSTER LightTech Co., LTD. to Report Q1, 2024 Results on Apr 30, 2024LUSTER LightTech Co., LTD. announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.88, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 36% over the past year.分析記事 • Mar 01LUSTER LightTech Co., LTD.'s (SHSE:688400) 29% Jump Shows Its Popularity With InvestorsLUSTER LightTech Co., LTD. ( SHSE:688400 ) shareholders are no doubt pleased to see that the share price has bounced...Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.37 (down from CN¥0.46 in FY 2022). Revenue: CN¥2.64b (down 3.9% from FY 2022). Net income: CN¥171.9m (down 8.3% from FY 2022). Profit margin: 6.5% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China.お知らせ • Feb 07LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 60 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 34 per share. The repurchased shares will be used for employee shareholding plan or equity incentive plan. The authorization will be valid for a period of 12 months.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥15.83, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 47% over the past year.Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥22.00, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 16% over the past year.お知らせ • Nov 09LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 60 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price of CNY 37 per share. The company will use its own funds to repurchase its shares, which will be used for employee stock ownership plans or equity incentive plans when appropriate opportunities arise in the future. The program will be valid for a period of 12 months.Price Target Changed • Sep 19Price target decreased by 19% to CN¥26.60Down from CN¥32.80, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥23.89. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.46 last year.Buying Opportunity • Sep 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be CN¥29.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last year. Earnings per share has declined by 20%. Revenue is forecast to grow by 53% in 2 years. Earnings is forecast to grow by 111% in the next 2 years.New Risk • Aug 25New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 (7.5% average weekly change).お知らせ • Jun 28LUSTER LightTech Co., LTD. to Report First Half, 2023 Results on Aug 30, 2023LUSTER LightTech Co., LTD. announced that they will report first half, 2023 results on Aug 30, 2023Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥32.51, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 24x in the Electronic industry in China.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥32.91, the stock trades at a trailing P/E ratio of 75.9x. Average forward P/E is 26x in the Electronic industry in China.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 26Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: CN¥0.17. Net income: CN¥78.9m (up CN¥78.9m from 3Q 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China.業績と収益の成長予測SHSE:688400 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20285,014452N/AN/A112/31/20274,178372N/AN/A212/31/20263,638484N/AN/A13/31/20262,906346N/AN/AN/A12/31/20252,923161N/AN/AN/A9/30/20252,777128-75147N/A6/30/20252,514116-61174N/A3/31/20252,405129-136107N/A12/31/20242,234107-90191N/A9/30/20242,300138-7334N/A6/30/20242,446160-1062N/A3/31/20242,534147-17150N/A12/31/20232,641164141273N/A9/30/20232,645167-50127N/A6/30/20232,743199-10264N/A3/31/20232,774212-119-15N/A12/31/20222,749188-290-165N/A9/30/20222,738223-161-49N/A12/31/20212,436172-223-141N/A12/31/20201,75513457124N/A12/31/20191,43138N/A100N/A12/31/20181,40656N/A26N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 688400の予測収益成長率 (年間5.6% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 688400の収益 ( 5.6% ) CN市場 ( 27.2% ) よりも低い成長が予測されています。高成長収益: 688400の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 688400の収益 ( 18.8% ) CN市場 ( 16.2% ) よりも速いペースで成長すると予測されています。高い収益成長: 688400の収益 ( 18.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 688400の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 04:25終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋LUSTER LightTech Co., LTD. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Haibo LiuCitic Securities Co., Ltd.Jacqueline DuGoldman Sachs
Major Estimate Revision • Feb 25Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.88b to CN¥2.80b. EPS estimate also fell from CN¥0.405 per share to CN¥0.36 per share. Net income forecast to grow 86% next year vs 47% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥41.05. Share price rose 2.8% to CN¥46.09 over the past week.
Price Target Changed • Nov 27Price target increased by 61% to CN¥40.50Up from CN¥25.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥41.43. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.23 last year.
Price Target Changed • Oct 02Price target increased by 14% to CN¥25.20Up from CN¥22.10, the current price target is provided by 1 analyst. New target price is 47% below last closing price of CN¥47.87. Stock is up 131% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.23 last year.
Price Target Changed • Jun 06Price target decreased by 20% to CN¥15.30Down from CN¥19.10, the current price target is provided by 1 analyst. New target price is 43% below last closing price of CN¥26.91. Stock is up 70% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.23 last year.
Price Target Changed • Nov 04Price target increased by 19% to CN¥18.15Up from CN¥15.20, the current price target is an average from 2 analysts. New target price is 23% below last closing price of CN¥23.60. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.35 last year.
Major Estimate Revision • Sep 06Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.91b to CN¥2.52b. EPS estimate fell from CN¥0.425 to CN¥0.40 per share. Net income forecast to grow 30% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥16.50 to CN¥15.20. Share price rose 7.3% to CN¥17.00 over the past week.
お知らせ • Apr 29LUSTER LightTech Co., LTD., Annual General Meeting, May 29, 2026LUSTER LightTech Co., LTD., Annual General Meeting, May 29, 2026, at 15:00 China Standard Time. Location: Zhishi Lixing Building, Cuihu South Ring Road, Haidian District, Beijing China
Reported Earnings • Apr 29First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: CN¥0.43 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥597.3m (down 2.8% from 1Q 2025). Net income: CN¥199.8m (up CN¥184.8m from 1Q 2025). Profit margin: 33% (up from 2.4% in 1Q 2025). Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Apr 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% 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.
お知らせ • Mar 30LUSTER LightTech Co., LTD. to Report Q1, 2026 Results on Apr 29, 2026LUSTER LightTech Co., LTD. announced that they will report Q1, 2026 results on Apr 29, 2026
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.23 in FY 2024)Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.23 in FY 2024). Revenue: CN¥2.92b (up 31% from FY 2024). Net income: CN¥160.9m (up 50% from FY 2024). Profit margin: 5.5% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Major Estimate Revision • Feb 25Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.88b to CN¥2.80b. EPS estimate also fell from CN¥0.405 per share to CN¥0.36 per share. Net income forecast to grow 86% next year vs 47% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥41.05. Share price rose 2.8% to CN¥46.09 over the past week.
New Risk • Feb 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.
お知らせ • Dec 26LUSTER LightTech Co., LTD. to Report Fiscal Year 2025 Results on Apr 29, 2026LUSTER LightTech Co., LTD. announced that they will report fiscal year 2025 results on Apr 29, 2026
Price Target Changed • Nov 27Price target increased by 61% to CN¥40.50Up from CN¥25.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥41.43. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.23 last year.
Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: CN¥0.08 (up from CN¥0.051 in 3Q 2024). Revenue: CN¥759.3m (up 53% from 3Q 2024). Net income: CN¥36.6m (up 48% from 3Q 2024). Profit margin: 4.8% (down from 5.0% in 3Q 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Price Target Changed • Oct 02Price target increased by 14% to CN¥25.20Up from CN¥22.10, the current price target is provided by 1 analyst. New target price is 47% below last closing price of CN¥47.87. Stock is up 131% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.23 last year.
お知らせ • Sep 30LUSTER LightTech Co., LTD. to Report Q3, 2025 Results on Oct 30, 2025LUSTER LightTech Co., LTD. announced that they will report Q3, 2025 results on Oct 30, 2025
New Risk • Sep 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.
お知らせ • Jun 30LUSTER LightTech Co., LTD. to Report First Half, 2025 Results on Aug 29, 2025LUSTER LightTech Co., LTD. announced that they will report first half, 2025 results on Aug 29, 2025
Price Target Changed • Jun 06Price target decreased by 20% to CN¥15.30Down from CN¥19.10, the current price target is provided by 1 analyst. New target price is 43% below last closing price of CN¥26.91. Stock is up 70% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.23 last year.
Reported Earnings • Apr 29First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: CN¥0.03 (up from CN¥0.01 loss in 1Q 2024). Revenue: CN¥614.5m (up 39% from 1Q 2024). Net income: CN¥15.0m (up CN¥21.7m from 1Q 2024). Profit margin: 2.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China.
お知らせ • Apr 29LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2025LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time.
お知らせ • Mar 28LUSTER LightTech Co., LTD. to Report Q1, 2025 Results on Apr 29, 2025LUSTER LightTech Co., LTD. announced that they will report Q1, 2025 results on Apr 29, 2025
分析記事 • Mar 11LUSTER LightTech Co., LTD.'s (SHSE:688400) 28% Price Boost Is Out Of Tune With RevenuesLUSTER LightTech Co., LTD. ( SHSE:688400 ) shares have continued their recent momentum with a 28% gain in the last...
Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.23 (down from CN¥0.35 in FY 2023). Revenue: CN¥2.23b (down 15% from FY 2023). Net income: CN¥105.2m (down 36% from FY 2023). Profit margin: 4.7% (down from 6.2% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.
New Risk • Feb 20New major risk - Share price stabilityThe 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results.
お知らせ • Dec 27LUSTER LightTech Co., LTD. to Report Fiscal Year 2024 Results on Apr 29, 2025LUSTER LightTech Co., LTD. announced that they will report fiscal year 2024 results on Apr 29, 2025
お知らせ • Dec 05LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 100 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 35 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from the company's own funds and special loans for stock repurchase. The authority shall expire 12 months from the date of board approval.
分析記事 • Nov 17LUSTER LightTech Co., LTD. (SHSE:688400) Stock Rockets 32% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, LUSTER LightTech Co., LTD. ( SHSE:688400 ) shares have been powering on, with a gain of...
分析記事 • Nov 05LUSTER LightTech's (SHSE:688400) Earnings Quality Is LowLUSTER LightTech Co., LTD. ( SHSE:688400 ) recently posted soft earnings but shareholders didn't react strongly. We did...
Price Target Changed • Nov 04Price target increased by 19% to CN¥18.15Up from CN¥15.20, the current price target is an average from 2 analysts. New target price is 23% below last closing price of CN¥23.60. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.35 last year.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.10 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥495.9m (down 23% from 3Q 2023). Net income: CN¥24.7m (down 47% from 3Q 2023). Profit margin: 5.0% (down from 7.3% in 3Q 2023). Revenue is forecast to grow 22% 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 15Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥19.05, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 22% over the past year.
分析記事 • Oct 03These 4 Measures Indicate That LUSTER LightTech (SHSE:688400) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results.
お知らせ • Sep 30LUSTER LightTech Co., LTD. to Report Q3, 2024 Results on Oct 30, 2024LUSTER LightTech Co., LTD. announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 28%After last week's 28% share price gain to CN¥20.75, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 16% over the past year.
New Risk • Sep 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 57% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
分析記事 • Sep 06Analyst Forecasts Just Became More Bearish On LUSTER LightTech Co., LTD. (SHSE:688400)Market forces rained on the parade of LUSTER LightTech Co., LTD. ( SHSE:688400 ) shareholders today, when the analysts...
Major Estimate Revision • Sep 06Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.91b to CN¥2.52b. EPS estimate fell from CN¥0.425 to CN¥0.40 per share. Net income forecast to grow 30% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥16.50 to CN¥15.20. Share price rose 7.3% to CN¥17.00 over the past week.
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥16.82, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 34% over the past year.
お知らせ • Aug 28LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 60 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 21 per share. The repurchased shares will be used for employee shareholding plan or equity incentive plan. If the company fails to transfer the repurchased shares within three years after the announcement of the repurchase implementation results and share changes, the company will perform the procedures for reducing the registered capital in accordance with the law, and the un transferred shares will be cancelled. The program will be funded from company's own funds. The authorization will be valid for a period of 12 months.
分析記事 • Jul 03Is LUSTER LightTech (SHSE:688400) Using Debt Sensibly?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jun 28LUSTER LightTech Co., LTD. to Report First Half, 2024 Results on Aug 28, 2024LUSTER LightTech Co., LTD. announced that they will report first half, 2024 results on Aug 28, 2024
New Risk • May 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
New Risk • May 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 52% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Price Target Changed • May 11Price target decreased by 18% to CN¥14.90Down from CN¥18.10, the current price target is provided by 1 analyst. New target price is 18% below last closing price of CN¥18.10. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.35 last year.
分析記事 • May 06Earnings Troubles May Signal Larger Issues for LUSTER LightTech (SHSE:688400) ShareholdersThe market wasn't impressed with the soft earnings from LUSTER LightTech Co., LTD. ( SHSE:688400 ) recently. We did...
お知らせ • May 01LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2024LUSTER LightTech Co., LTD., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: Zhishi Lixing Building, Cuihu South Ring Road, Haidian District, Beijing China
Reported Earnings • Apr 30Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.35 (down from CN¥0.46 in FY 2022). Revenue: CN¥2.64b (down 3.9% from FY 2022). Net income: CN¥163.9m (down 13% from FY 2022). Profit margin: 6.2% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.
分析記事 • Apr 21LUSTER LightTech Co., LTD. (SHSE:688400) Shares Slammed 26% But Getting In Cheap Might Be Difficult RegardlessLUSTER LightTech Co., LTD. ( SHSE:688400 ) shares have had a horrible month, losing 26% after a relatively good period...
お知らせ • Mar 30LUSTER LightTech Co., LTD. to Report Q1, 2024 Results on Apr 30, 2024LUSTER LightTech Co., LTD. announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.88, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 36% over the past year.
分析記事 • Mar 01LUSTER LightTech Co., LTD.'s (SHSE:688400) 29% Jump Shows Its Popularity With InvestorsLUSTER LightTech Co., LTD. ( SHSE:688400 ) shareholders are no doubt pleased to see that the share price has bounced...
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.37 (down from CN¥0.46 in FY 2022). Revenue: CN¥2.64b (down 3.9% from FY 2022). Net income: CN¥171.9m (down 8.3% from FY 2022). Profit margin: 6.5% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China.
お知らせ • Feb 07LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 60 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 34 per share. The repurchased shares will be used for employee shareholding plan or equity incentive plan. The authorization will be valid for a period of 12 months.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥15.83, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 47% over the past year.
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥22.00, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 16% over the past year.
お知らせ • Nov 09LUSTER LightTech Co., LTD. (SHSE:688400) announces an Equity Buyback for CNY 60 million worth of its shares.LUSTER LightTech Co., LTD. (SHSE:688400) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price of CNY 37 per share. The company will use its own funds to repurchase its shares, which will be used for employee stock ownership plans or equity incentive plans when appropriate opportunities arise in the future. The program will be valid for a period of 12 months.
Price Target Changed • Sep 19Price target decreased by 19% to CN¥26.60Down from CN¥32.80, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥23.89. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.46 last year.
Buying Opportunity • Sep 19Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 32%. The fair value is estimated to be CN¥29.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last year. Earnings per share has declined by 20%. Revenue is forecast to grow by 53% in 2 years. Earnings is forecast to grow by 111% in the next 2 years.
New Risk • Aug 25New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 (7.5% average weekly change).
お知らせ • Jun 28LUSTER LightTech Co., LTD. to Report First Half, 2023 Results on Aug 30, 2023LUSTER LightTech Co., LTD. announced that they will report first half, 2023 results on Aug 30, 2023
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥32.51, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 24x in the Electronic industry in China.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥32.91, the stock trades at a trailing P/E ratio of 75.9x. Average forward P/E is 26x in the Electronic industry in China.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 26Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: CN¥0.17. Net income: CN¥78.9m (up CN¥78.9m from 3Q 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China.