View ValuationUnilumin Group 향후 성장Future 기준 점검 3/6Unilumin Group은 연간 수입과 매출이 각각 99.5%와 11.3% 증가할 것으로 예상되고 EPS는 연간 99%만큼 증가할 것으로 예상됩니다.핵심 정보99.5%이익 성장률99.00%EPS 성장률Electronic 이익 성장33.0%매출 성장률11.3%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트01 Feb 2026최근 향후 성장 업데이트Major Estimate Revision • Nov 12Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥8.32b to CN¥8.12b. EPS estimate rose from CN¥0.285 to CN¥0.33. Net income forecast to grow 282% next year vs 49% growth forecast for Electronic industry in China. Consensus price target of CN¥7.90 unchanged from last update. Share price was steady at CN¥7.19 over the past week.Major Estimate Revision • Sep 06Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.02b to CN¥7.89b. EPS estimate also fell from CN¥0.29 per share to CN¥0.245 per share. Net income forecast to grow 1,280% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥10.01 to CN¥6.10. Share price fell 3.0% to CN¥5.21 over the past week.Price Target Changed • Jan 30Price target increased by 14% to CN¥12.36Up from CN¥10.80, the current price target is an average from 2 analysts. New target price is 113% above last closing price of CN¥5.79. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.06 last year.모든 업데이트 보기Recent updatesDeclared Dividend • May 25Dividend of CN¥0.02 announcedShareholders will receive a dividend of CN¥0.02. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time.New Risk • Apr 27New 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 7.9% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 270% Cash payout ratio: 106% Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).Reported Earnings • Apr 22First quarter 2026 earnings released: CN¥0.08 loss per share (vs CN¥0.05 profit in 1Q 2025)First quarter 2026 results: CN¥0.08 loss per share (down from CN¥0.05 profit in 1Q 2025). Revenue: CN¥1.40b (down 11% from 1Q 2025). Net loss: CN¥83.0m (down 252% from profit in 1Q 2025). Revenue is forecast to grow 11% 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 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공시 • Apr 22Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2026Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2026, at 15:30 China Standard Time. Location: Building B, No. 18, Haoye Road, Tongyu Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong China공시 • Mar 31Unilumin Group Co., Ltd to Report Q1, 2026 Results on Apr 22, 2026Unilumin Group Co., Ltd announced that they will report Q1, 2026 results on Apr 22, 2026공시 • Dec 31Unilumin Group Co., Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Unilumin Group Co., Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026Major Estimate Revision • Nov 12Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥8.32b to CN¥8.12b. EPS estimate rose from CN¥0.285 to CN¥0.33. Net income forecast to grow 282% next year vs 49% growth forecast for Electronic industry in China. Consensus price target of CN¥7.90 unchanged from last update. Share price was steady at CN¥7.19 over the past week.Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.028 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.005 (down from CN¥0.028 in 3Q 2024). Revenue: CN¥1.97b (down 2.4% from 3Q 2024). Net income: CN¥5.00m (down 82% from 3Q 2024). Profit margin: 0.3% (down from 1.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% 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 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공시 • Sep 30Unilumin Group Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025Unilumin Group Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Aug 19Second quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.064 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.064 in 2Q 2024). Revenue: CN¥2.08b (up 8.7% from 2Q 2024). Net income: CN¥66.6m (down 18% from 2Q 2024). Profit margin: 3.2% (down from 4.2% in 2Q 2024). Revenue is forecast to grow 8.5% 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 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.공시 • Jul 02Unilumin Group Co., Ltd to Report First Half, 2025 Results on Aug 19, 2025Unilumin Group Co., Ltd announced that they will report first half, 2025 results on Aug 19, 2025Declared Dividend • May 18Dividend increased to CN¥0.24Dividend of CN¥0.24 is 379% higher than last year. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 180% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • May 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).공시 • Apr 23Unilumin Group Co., Ltd Proposes Final Cash Dividend for the Year 2024Unilumin Group Co. Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.40000000 for the year 2024.Reported Earnings • Apr 22First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.02 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.05 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥1.58b (up 5.6% from 1Q 2024). Net income: CN¥54.6m (up 181% from 1Q 2024). Profit margin: 3.5% (up from 1.3% in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Apr 22Unilumin Group Co., Ltd, Annual General Meeting, May 12, 2025Unilumin Group Co., Ltd, Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong ChinaValuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥5.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 7.5% over the past three years.공시 • Mar 31Unilumin Group Co., Ltd to Report Q1, 2025 Results on Apr 22, 2025Unilumin Group Co., Ltd announced that they will report Q1, 2025 results on Apr 22, 2025분석 기사 • Mar 06There's No Escaping Unilumin Group Co., Ltd's (SZSE:300232) Muted Revenues Despite A 27% Share Price RiseUnilumin Group Co., Ltd ( SZSE:300232 ) shares have had a really impressive month, gaining 27% after a shaky period...Buy Or Sell Opportunity • Mar 04Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to CN¥8.17. The fair value is estimated to be CN¥6.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 46%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 480% in the next 2 years.분석 기사 • Mar 04Does Unilumin Group (SZSE:300232) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Feb 26New 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results.분석 기사 • Jan 13Unilumin Group Co., Ltd (SZSE:300232) Looks Inexpensive After Falling 27% But Perhaps Not Attractive EnoughUnilumin Group Co., Ltd ( SZSE:300232 ) shareholders won't be pleased to see that the share price has had a very rough...분석 기사 • Jan 05There Are Reasons To Feel Uneasy About Unilumin Group's (SZSE:300232) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...공시 • Dec 31Unilumin Group Co., Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025Unilumin Group Co., Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025Reported Earnings • Oct 21Third quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.028 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.028 (up from CN¥0.028 loss in 3Q 2023). Revenue: CN¥2.01b (up 14% from 3Q 2023). Net income: CN¥27.2m (up CN¥57.5m from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 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 fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Oct 11Now 22% undervaluedOver the last 90 days, the stock has risen 24% to CN¥6.38. The fair value is estimated to be CN¥8.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 1,773% in the next 2 years.분석 기사 • Oct 08Unilumin Group Co., Ltd (SZSE:300232) Stock Catapults 47% Though Its Price And Business Still Lag The IndustryThe Unilumin Group Co., Ltd ( SZSE:300232 ) share price has done very well over the last month, posting an excellent...공시 • Sep 30Unilumin Group Co., Ltd to Report Q3, 2024 Results on Oct 21, 2024Unilumin Group Co., Ltd announced that they will report Q3, 2024 results on Oct 21, 2024분석 기사 • Sep 25There Are Reasons To Feel Uneasy About Unilumin Group's (SZSE:300232) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Major Estimate Revision • Sep 06Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.02b to CN¥7.89b. EPS estimate also fell from CN¥0.29 per share to CN¥0.245 per share. Net income forecast to grow 1,280% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥10.01 to CN¥6.10. Share price fell 3.0% to CN¥5.21 over the past week.분석 기사 • Sep 02Unilumin Group's (SZSE:300232) Soft Earnings Don't Show The Whole PictureThe market was pleased with the recent earnings report from Unilumin Group Co., Ltd ( SZSE:300232 ), despite the profit...New Risk • Aug 26New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 236% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 236% 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 (0.3% net profit margin).분석 기사 • Aug 01Is Unilumin Group (SZSE:300232) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Jun 29Unilumin Group Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024Unilumin Group Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024분석 기사 • Jun 26Unilumin Group Co., Ltd's (SZSE:300232) Low P/S No Reason For ExcitementYou may think that with a price-to-sales (or "P/S") ratio of 0.7x Unilumin Group Co., Ltd ( SZSE:300232 ) is definitely...Board Change • Jun 08Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yulin Sun was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.분석 기사 • May 13Returns On Capital Signal Tricky Times Ahead For Unilumin Group (SZSE:300232)There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...공시 • May 10Unilumin Group Co., Ltd (SZSE:300232) commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on March 11, 2024.Unilumin Group Co., Ltd (SZSE:300232) commences share repurchases on May 8, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on March 11, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 10 per Share. The shares repurchased will be canceled and the registered capital will be reduced in accordance with the law. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.공시 • Apr 23Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2024Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2024, at 15:00 China Standard Time. Location: Building B, No. 18, Haoye Road, Tongfu Industrial Park, Fuyong Subdistrict, Bao'an, Shenzhen, Guangdong ChinaReported Earnings • Apr 22First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥1.49b (down 8.3% from 1Q 2023). Net income: CN¥19.4m (down 87% from 1Q 2023). Profit margin: 1.3% (down from 8.9% in 1Q 2023). Revenue is forecast to grow 16% 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 26% 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.공시 • Mar 30Unilumin Group Co., Ltd to Report Q1, 2024 Results on Apr 22, 2024Unilumin Group Co., Ltd announced that they will report Q1, 2024 results on Apr 22, 2024분석 기사 • Mar 06There's No Escaping Unilumin Group Co., Ltd's (SZSE:300232) Muted Revenues Despite A 37% Share Price RiseUnilumin Group Co., Ltd ( SZSE:300232 ) shareholders would be excited to see that the share price has had a great...New Risk • Feb 05New 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 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin).Price Target Changed • Jan 30Price target increased by 14% to CN¥12.36Up from CN¥10.80, the current price target is an average from 2 analysts. New target price is 113% above last closing price of CN¥5.79. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.06 last year.공시 • Dec 29Unilumin Group Co., Ltd to Report Fiscal Year 2023 Results on Apr 22, 2024Unilumin Group Co., Ltd announced that they will report fiscal year 2023 results on Apr 22, 2024공시 • Nov 22Unilumin Group Co., Ltd (SZSE:300232) announces an Equity Buyback for CNY 20 million worth of its shares.Unilumin Group Co., Ltd (SZSE:300232) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at a price not more than CNY 10 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months.Reported Earnings • Oct 27Third quarter 2023 earnings released: CN¥0.028 loss per share (vs CN¥0.12 profit in 3Q 2022)Third quarter 2023 results: CN¥0.028 loss per share (down from CN¥0.12 profit in 3Q 2022). Revenue: CN¥1.77b (up 1.2% from 3Q 2022). Net loss: CN¥30.2m (down 123% from profit in 3Q 2022). Revenue is forecast to grow 15% 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 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Buying Opportunity • Oct 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥8.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 425% in the next 2 years.공시 • Sep 30Unilumin Group Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023Unilumin Group Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.041 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.041 in 2Q 2022). Revenue: CN¥1.67b (up 3.3% from 2Q 2022). Net income: CN¥76.7m (up 73% from 2Q 2022). Profit margin: 4.6% (up from 2.7% 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 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공시 • Jul 01Unilumin Group Co., Ltd to Report First Half, 2023 Results on Aug 11, 2023Unilumin Group Co., Ltd announced that they will report first half, 2023 results on Aug 11, 2023공시 • Jun 09Unilumin Group Co., Ltd Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 14, 2023Unilumin Group Co. Ltd. announced final cash dividend of CNY 0.15 per 10 shares on A shares for the year 2022. Record date is June 13, 2023, Ex-Date is June 14, 2023 and Payment Date is June 14, 2023.Reported Earnings • Apr 17First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.071 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.071 in 1Q 2022). Revenue: CN¥1.63b (up 5.2% from 1Q 2022). Net income: CN¥144.6m (up 86% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). 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 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥1.75b (down 7.9% from 3Q 2021). Net income: CN¥131.8m (up 13% from 3Q 2021). Profit margin: 7.5% (up from 6.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.041 (vs CN¥0.013 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.041 (up from CN¥0.013 in 2Q 2021). Revenue: CN¥1.62b (down 1.7% from 2Q 2021). Net income: CN¥44.4m (up 209% from 2Q 2021). Profit margin: 2.7% (up from 0.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 28%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공시 • May 24Unilumin Group Co.,Ltd Approves Cash Dividend for the Year 2021Unilumin Group Co.,Ltd approved cash dividend (Tax included) of CNY 0.2500000 per 10 shares for the year 2021, at the AGM held on May 20, 2022.Reported Earnings • Apr 28First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.071. Revenue: CN¥1.55b (up 20% from 1Q 2021). Net income: CN¥77.6m (up 1.4% from 1Q 2021). Profit margin: 5.0% (down from 6.0% in 1Q 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the industry in China.Board Change • Apr 27High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Non-Employee Supervisor Xing Que is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥8.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 1.5% over the past three years.Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.081 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.90b (up 46% from 3Q 2020). Net income: CN¥116.4m (up 56% from 3Q 2020). Profit margin: 6.1% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS CN¥0.013 (vs CN¥0.013 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.65b (up 58% from 2Q 2020). Net income: CN¥14.3m (up 29% from 2Q 2020). Profit margin: 0.9% (down from 1.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.공시 • Jun 02Unilumin Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2020, Payable on June 8, 2021Unilumin Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.20000000 on A shares for the year 2020. Record date is June 7, 2021. Ex-date is June 8, 2021. Payment date is June 8, 2021.공시 • May 22Unilumin Group Co., Ltd. Approves Cash Dividend for the Year 2020Unilumin Group Co., Ltd. announced that at its Annual General Meeting held on 20 May 2021, approved cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2020.공시 • Apr 29Unilumin Group Co., Ltd. Announces the Profit Distribution Proposal for 2020Unilumin Group Co., Ltd. announced the profit distribution proposal for 2020. The company announced Cash dividend/10 shares (tax included) of CNY 0.20000000.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.089 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.29b (up 57% from 1Q 2020). Net income: CN¥76.6m (up 12% from 1Q 2020). Profit margin: 6.0% (down from 8.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.Is New 90 Day High Low • Jan 27New 90-day low: CN¥8.34The company is down 17% from its price of CN¥10.03 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.Is New 90 Day High Low • Dec 24New 90-day low: CN¥8.99The company is down 4.0% from its price of CN¥9.32 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period.공시 • Sep 12Barco Visual (Beijing) Electronics Co., Ltd. cancelled the acquisition of 5% in Unilumin Group Co., Ltd. (SZSE:300232) from Mingfeng Lin.Barco Visual (Beijing) Electronics Co., Ltd. agreed to acquire 5% in Unilumin Group Co., Ltd. (SZSE:300232) from Mingfeng Lin for approximately CNY 420 million on September 9, 2019. As per terms, 45.9 million shares will be acquired at CNY 9.16 per share. The deal is subject to regulatory approvals and approval from Commerce Bureau of Shenzhen Municipality Bao’an District. Barco Visual (Beijing) Electronics Co., Ltd. cancelled the acquisition of 5% in Unilumin Group Co., Ltd. (SZSE:300232) from Mingfeng Lin on September 9, 2020.공시 • Aug 13Unilumin Group Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020Unilumin Group Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020이익 및 매출 성장 예측SZSE:300232 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20279,68438486806212/31/20268,85230114877723/31/20267,917-74245467N/A12/31/20258,09363210470N/A9/30/20257,97798254635N/A6/30/20258,025121279746N/A3/31/20257,85813587647N/A12/31/20247,774100215836N/A9/30/20247,76281178738N/A6/30/20247,51824-84510N/A3/31/20247,27519156631N/A12/31/20237,410144456817N/A9/30/20237,2291564868N/A6/30/20237,2091638181,050N/A3/31/20237,1561318121,053N/A1/1/20237,07664439703N/A9/30/20227,31222966394N/A6/30/20227,463214-144301N/A3/31/20227,491184-472-39N/A1/1/20227,229183-45915N/A9/30/20216,635171-229300N/A6/30/20216,033129-106354N/A3/31/20215,43012670515N/A12/31/20204,96211857536N/A9/30/20204,764281-203328N/A6/30/20204,923354-193329N/A3/31/20205,303516-148394N/A12/31/20195,604530N/A468N/A9/30/20195,339492N/A454N/A6/30/20195,031466N/A340N/A3/31/20194,783442N/A252N/A12/31/20184,524412N/A320N/A9/30/20184,252393N/A216N/A6/30/20183,846349N/A237N/A3/31/20183,349287N/A130N/A12/31/20173,031284N/A126N/A9/30/20172,502253N/A62N/A6/30/20172,295237N/A101N/A3/31/20172,018196N/A217N/A12/31/20161,746166N/A218N/A9/30/20161,555147N/A210N/A6/30/20161,354122N/A122N/A3/31/20161,362126N/A76N/A12/31/20151,306114N/A77N/A9/30/20151,243115N/A64N/A6/30/20151,15294N/A47N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 300232 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(2.4%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 300232 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 300232 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 300232 의 수익(연간 11.3%)이 CN 시장(연간 16.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 300232 의 수익(연간 11.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 300232의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 19:36종가2026/05/27 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Unilumin Group Co., Ltd는 7명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관You You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)Jian HuGuosen Securities Co., Ltd.Jinsong ZhuHaitong International Research Limited4명의 분석가 더 보기
Major Estimate Revision • Nov 12Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥8.32b to CN¥8.12b. EPS estimate rose from CN¥0.285 to CN¥0.33. Net income forecast to grow 282% next year vs 49% growth forecast for Electronic industry in China. Consensus price target of CN¥7.90 unchanged from last update. Share price was steady at CN¥7.19 over the past week.
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.02b to CN¥7.89b. EPS estimate also fell from CN¥0.29 per share to CN¥0.245 per share. Net income forecast to grow 1,280% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥10.01 to CN¥6.10. Share price fell 3.0% to CN¥5.21 over the past week.
Price Target Changed • Jan 30Price target increased by 14% to CN¥12.36Up from CN¥10.80, the current price target is an average from 2 analysts. New target price is 113% above last closing price of CN¥5.79. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.06 last year.
Declared Dividend • May 25Dividend of CN¥0.02 announcedShareholders will receive a dividend of CN¥0.02. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time.
New Risk • Apr 27New 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 7.9% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 270% Cash payout ratio: 106% Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).
Reported Earnings • Apr 22First quarter 2026 earnings released: CN¥0.08 loss per share (vs CN¥0.05 profit in 1Q 2025)First quarter 2026 results: CN¥0.08 loss per share (down from CN¥0.05 profit in 1Q 2025). Revenue: CN¥1.40b (down 11% from 1Q 2025). Net loss: CN¥83.0m (down 252% from profit in 1Q 2025). Revenue is forecast to grow 11% 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 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공시 • Apr 22Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2026Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2026, at 15:30 China Standard Time. Location: Building B, No. 18, Haoye Road, Tongyu Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong China
공시 • Mar 31Unilumin Group Co., Ltd to Report Q1, 2026 Results on Apr 22, 2026Unilumin Group Co., Ltd announced that they will report Q1, 2026 results on Apr 22, 2026
공시 • Dec 31Unilumin Group Co., Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026Unilumin Group Co., Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026
Major Estimate Revision • Nov 12Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥8.32b to CN¥8.12b. EPS estimate rose from CN¥0.285 to CN¥0.33. Net income forecast to grow 282% next year vs 49% growth forecast for Electronic industry in China. Consensus price target of CN¥7.90 unchanged from last update. Share price was steady at CN¥7.19 over the past week.
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.028 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.005 (down from CN¥0.028 in 3Q 2024). Revenue: CN¥1.97b (down 2.4% from 3Q 2024). Net income: CN¥5.00m (down 82% from 3Q 2024). Profit margin: 0.3% (down from 1.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% 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 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공시 • Sep 30Unilumin Group Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025Unilumin Group Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Aug 19Second quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.064 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.064 in 2Q 2024). Revenue: CN¥2.08b (up 8.7% from 2Q 2024). Net income: CN¥66.6m (down 18% from 2Q 2024). Profit margin: 3.2% (down from 4.2% in 2Q 2024). Revenue is forecast to grow 8.5% 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 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
공시 • Jul 02Unilumin Group Co., Ltd to Report First Half, 2025 Results on Aug 19, 2025Unilumin Group Co., Ltd announced that they will report first half, 2025 results on Aug 19, 2025
Declared Dividend • May 18Dividend increased to CN¥0.24Dividend of CN¥0.24 is 379% higher than last year. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 180% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • May 12New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
공시 • Apr 23Unilumin Group Co., Ltd Proposes Final Cash Dividend for the Year 2024Unilumin Group Co. Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.40000000 for the year 2024.
Reported Earnings • Apr 22First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.02 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.05 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥1.58b (up 5.6% from 1Q 2024). Net income: CN¥54.6m (up 181% from 1Q 2024). Profit margin: 3.5% (up from 1.3% in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Apr 22Unilumin Group Co., Ltd, Annual General Meeting, May 12, 2025Unilumin Group Co., Ltd, Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥5.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 7.5% over the past three years.
공시 • Mar 31Unilumin Group Co., Ltd to Report Q1, 2025 Results on Apr 22, 2025Unilumin Group Co., Ltd announced that they will report Q1, 2025 results on Apr 22, 2025
분석 기사 • Mar 06There's No Escaping Unilumin Group Co., Ltd's (SZSE:300232) Muted Revenues Despite A 27% Share Price RiseUnilumin Group Co., Ltd ( SZSE:300232 ) shares have had a really impressive month, gaining 27% after a shaky period...
Buy Or Sell Opportunity • Mar 04Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to CN¥8.17. The fair value is estimated to be CN¥6.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 46%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 480% in the next 2 years.
분석 기사 • Mar 04Does Unilumin Group (SZSE:300232) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Feb 26New 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results.
분석 기사 • Jan 13Unilumin Group Co., Ltd (SZSE:300232) Looks Inexpensive After Falling 27% But Perhaps Not Attractive EnoughUnilumin Group Co., Ltd ( SZSE:300232 ) shareholders won't be pleased to see that the share price has had a very rough...
분석 기사 • Jan 05There Are Reasons To Feel Uneasy About Unilumin Group's (SZSE:300232) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
공시 • Dec 31Unilumin Group Co., Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025Unilumin Group Co., Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025
Reported Earnings • Oct 21Third quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.028 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.028 (up from CN¥0.028 loss in 3Q 2023). Revenue: CN¥2.01b (up 14% from 3Q 2023). Net income: CN¥27.2m (up CN¥57.5m from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 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 fallen by 46% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Oct 11Now 22% undervaluedOver the last 90 days, the stock has risen 24% to CN¥6.38. The fair value is estimated to be CN¥8.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 1,773% in the next 2 years.
분석 기사 • Oct 08Unilumin Group Co., Ltd (SZSE:300232) Stock Catapults 47% Though Its Price And Business Still Lag The IndustryThe Unilumin Group Co., Ltd ( SZSE:300232 ) share price has done very well over the last month, posting an excellent...
공시 • Sep 30Unilumin Group Co., Ltd to Report Q3, 2024 Results on Oct 21, 2024Unilumin Group Co., Ltd announced that they will report Q3, 2024 results on Oct 21, 2024
분석 기사 • Sep 25There Are Reasons To Feel Uneasy About Unilumin Group's (SZSE:300232) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.02b to CN¥7.89b. EPS estimate also fell from CN¥0.29 per share to CN¥0.245 per share. Net income forecast to grow 1,280% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥10.01 to CN¥6.10. Share price fell 3.0% to CN¥5.21 over the past week.
분석 기사 • Sep 02Unilumin Group's (SZSE:300232) Soft Earnings Don't Show The Whole PictureThe market was pleased with the recent earnings report from Unilumin Group Co., Ltd ( SZSE:300232 ), despite the profit...
New Risk • Aug 26New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 236% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 236% 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 (0.3% net profit margin).
분석 기사 • Aug 01Is Unilumin Group (SZSE:300232) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Jun 29Unilumin Group Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024Unilumin Group Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024
분석 기사 • Jun 26Unilumin Group Co., Ltd's (SZSE:300232) Low P/S No Reason For ExcitementYou may think that with a price-to-sales (or "P/S") ratio of 0.7x Unilumin Group Co., Ltd ( SZSE:300232 ) is definitely...
Board Change • Jun 08Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yulin Sun was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
분석 기사 • May 13Returns On Capital Signal Tricky Times Ahead For Unilumin Group (SZSE:300232)There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
공시 • May 10Unilumin Group Co., Ltd (SZSE:300232) commences an Equity Buyback Plan for CNY 50 million worth of its shares, under the authorization approved on March 11, 2024.Unilumin Group Co., Ltd (SZSE:300232) commences share repurchases on May 8, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on March 11, 2024. As per the mandate, the company is authorized to repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 10 per Share. The shares repurchased will be canceled and the registered capital will be reduced in accordance with the law. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.
공시 • Apr 23Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2024Unilumin Group Co., Ltd, Annual General Meeting, May 13, 2024, at 15:00 China Standard Time. Location: Building B, No. 18, Haoye Road, Tongfu Industrial Park, Fuyong Subdistrict, Bao'an, Shenzhen, Guangdong China
Reported Earnings • Apr 22First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥1.49b (down 8.3% from 1Q 2023). Net income: CN¥19.4m (down 87% from 1Q 2023). Profit margin: 1.3% (down from 8.9% in 1Q 2023). Revenue is forecast to grow 16% 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 26% 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.
공시 • Mar 30Unilumin Group Co., Ltd to Report Q1, 2024 Results on Apr 22, 2024Unilumin Group Co., Ltd announced that they will report Q1, 2024 results on Apr 22, 2024
분석 기사 • Mar 06There's No Escaping Unilumin Group Co., Ltd's (SZSE:300232) Muted Revenues Despite A 37% Share Price RiseUnilumin Group Co., Ltd ( SZSE:300232 ) shareholders would be excited to see that the share price has had a great...
New Risk • Feb 05New 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 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.01% net profit margin).
Price Target Changed • Jan 30Price target increased by 14% to CN¥12.36Up from CN¥10.80, the current price target is an average from 2 analysts. New target price is 113% above last closing price of CN¥5.79. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.06 last year.
공시 • Dec 29Unilumin Group Co., Ltd to Report Fiscal Year 2023 Results on Apr 22, 2024Unilumin Group Co., Ltd announced that they will report fiscal year 2023 results on Apr 22, 2024
공시 • Nov 22Unilumin Group Co., Ltd (SZSE:300232) announces an Equity Buyback for CNY 20 million worth of its shares.Unilumin Group Co., Ltd (SZSE:300232) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at a price not more than CNY 10 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months.
Reported Earnings • Oct 27Third quarter 2023 earnings released: CN¥0.028 loss per share (vs CN¥0.12 profit in 3Q 2022)Third quarter 2023 results: CN¥0.028 loss per share (down from CN¥0.12 profit in 3Q 2022). Revenue: CN¥1.77b (up 1.2% from 3Q 2022). Net loss: CN¥30.2m (down 123% from profit in 3Q 2022). Revenue is forecast to grow 15% 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 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Oct 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥8.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 425% in the next 2 years.
공시 • Sep 30Unilumin Group Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023Unilumin Group Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.041 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.041 in 2Q 2022). Revenue: CN¥1.67b (up 3.3% from 2Q 2022). Net income: CN¥76.7m (up 73% from 2Q 2022). Profit margin: 4.6% (up from 2.7% 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 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • Jul 01Unilumin Group Co., Ltd to Report First Half, 2023 Results on Aug 11, 2023Unilumin Group Co., Ltd announced that they will report first half, 2023 results on Aug 11, 2023
공시 • Jun 09Unilumin Group Co., Ltd Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 14, 2023Unilumin Group Co. Ltd. announced final cash dividend of CNY 0.15 per 10 shares on A shares for the year 2022. Record date is June 13, 2023, Ex-Date is June 14, 2023 and Payment Date is June 14, 2023.
Reported Earnings • Apr 17First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.071 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.071 in 1Q 2022). Revenue: CN¥1.63b (up 5.2% from 1Q 2022). Net income: CN¥144.6m (up 86% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). 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 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥1.75b (down 7.9% from 3Q 2021). Net income: CN¥131.8m (up 13% from 3Q 2021). Profit margin: 7.5% (up from 6.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.041 (vs CN¥0.013 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.041 (up from CN¥0.013 in 2Q 2021). Revenue: CN¥1.62b (down 1.7% from 2Q 2021). Net income: CN¥44.4m (up 209% from 2Q 2021). Profit margin: 2.7% (up from 0.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 28%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공시 • May 24Unilumin Group Co.,Ltd Approves Cash Dividend for the Year 2021Unilumin Group Co.,Ltd approved cash dividend (Tax included) of CNY 0.2500000 per 10 shares for the year 2021, at the AGM held on May 20, 2022.
Reported Earnings • Apr 28First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.071. Revenue: CN¥1.55b (up 20% from 1Q 2021). Net income: CN¥77.6m (up 1.4% from 1Q 2021). Profit margin: 5.0% (down from 6.0% in 1Q 2021). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the industry in China.
Board Change • Apr 27High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Non-Employee Supervisor Xing Que is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥8.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 1.5% over the past three years.
Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.081 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.90b (up 46% from 3Q 2020). Net income: CN¥116.4m (up 56% from 3Q 2020). Profit margin: 6.1% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 10Second quarter 2021 earnings released: EPS CN¥0.013 (vs CN¥0.013 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.65b (up 58% from 2Q 2020). Net income: CN¥14.3m (up 29% from 2Q 2020). Profit margin: 0.9% (down from 1.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
공시 • Jun 02Unilumin Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2020, Payable on June 8, 2021Unilumin Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.20000000 on A shares for the year 2020. Record date is June 7, 2021. Ex-date is June 8, 2021. Payment date is June 8, 2021.
공시 • May 22Unilumin Group Co., Ltd. Approves Cash Dividend for the Year 2020Unilumin Group Co., Ltd. announced that at its Annual General Meeting held on 20 May 2021, approved cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2020.
공시 • Apr 29Unilumin Group Co., Ltd. Announces the Profit Distribution Proposal for 2020Unilumin Group Co., Ltd. announced the profit distribution proposal for 2020. The company announced Cash dividend/10 shares (tax included) of CNY 0.20000000.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.089 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.29b (up 57% from 1Q 2020). Net income: CN¥76.6m (up 12% from 1Q 2020). Profit margin: 6.0% (down from 8.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year.
Is New 90 Day High Low • Jan 27New 90-day low: CN¥8.34The company is down 17% from its price of CN¥10.03 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Dec 24New 90-day low: CN¥8.99The company is down 4.0% from its price of CN¥9.32 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period.
공시 • Sep 12Barco Visual (Beijing) Electronics Co., Ltd. cancelled the acquisition of 5% in Unilumin Group Co., Ltd. (SZSE:300232) from Mingfeng Lin.Barco Visual (Beijing) Electronics Co., Ltd. agreed to acquire 5% in Unilumin Group Co., Ltd. (SZSE:300232) from Mingfeng Lin for approximately CNY 420 million on September 9, 2019. As per terms, 45.9 million shares will be acquired at CNY 9.16 per share. The deal is subject to regulatory approvals and approval from Commerce Bureau of Shenzhen Municipality Bao’an District. Barco Visual (Beijing) Electronics Co., Ltd. cancelled the acquisition of 5% in Unilumin Group Co., Ltd. (SZSE:300232) from Mingfeng Lin on September 9, 2020.
공시 • Aug 13Unilumin Group Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020Unilumin Group Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020