Board Change • May 22
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Chunxiao Xie was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥108, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥68.76 per share. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: CN¥1.53 (vs CN¥1.12 in FY 2024) Full year 2025 results: EPS: CN¥1.53 (up from CN¥1.12 in FY 2024). Revenue: CN¥1.27b (up 39% from FY 2024). Net income: CN¥186.2m (up 37% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 03
OPT Machine Vision Tech Co., Ltd., Annual General Meeting, Apr 23, 2026 OPT Machine Vision Tech Co., Ltd., Annual General Meeting, Apr 23, 2026, at 10:00 China Standard Time. Location: No. 66-1, Xingfa South Road, Chang'an Town, Dongguan, Guangdong China Aankondiging • Mar 30
OPT Machine Vision Tech Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 OPT Machine Vision Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CN¥1.50 (vs CN¥1.12 in FY 2024) Full year 2025 results: EPS: CN¥1.50 (up from CN¥1.12 in FY 2024). Revenue: CN¥1.27b (up 39% from FY 2024). Net income: CN¥183.3m (up 35% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 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 28% 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. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥102, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 36x in the Electronic industry in China. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥109 per share. Buy Or Sell Opportunity • Jan 27
Now 21% overvalued Over the last 90 days, the stock has fallen 4.5% to CN¥126. The fair value is estimated to be CN¥104, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Price Target Changed • Dec 31
Price target increased by 8.1% to CN¥136 Up from CN¥125, the current price target is an average from 8 analysts. New target price is 9.2% above last closing price of CN¥124. Stock is up 64% over the past year. The company is forecast to post earnings per share of CN¥1.68 for next year compared to CN¥1.11 last year. Aankondiging • Dec 26
OPT Machine Vision Tech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2026 OPT Machine Vision Tech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2026 Buy Or Sell Opportunity • Dec 25
Now 22% overvalued Over the last 90 days, the stock has fallen 8.8% to CN¥127. The fair value is estimated to be CN¥104, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥329.8m (up 56% from 3Q 2024). Net income: CN¥36.6m (up 97% from 3Q 2024). Profit margin: 11% (up from 8.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 19% 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 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% 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. Aankondiging • Sep 30
OPT Machine Vision Tech Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 OPT Machine Vision Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.72 (vs CN¥0.46 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.72 (up from CN¥0.46 in 2Q 2024). Revenue: CN¥414.8m (up 40% from 2Q 2024). Net income: CN¥88.1m (up 57% from 2Q 2024). Profit margin: 21% (up from 19% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 21
Price target increased by 7.8% to CN¥92.66 Up from CN¥85.95, the current price target is an average from 7 analysts. New target price is 23% below last closing price of CN¥121. Stock is up 141% over the past year. The company is forecast to post earnings per share of CN¥1.83 for next year compared to CN¥1.11 last year. Aankondiging • Jun 30
OPT Machine Vision Tech Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 OPT Machine Vision Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Buy Or Sell Opportunity • Jun 12
Now 21% overvalued Over the last 90 days, the stock has fallen 4.3% to CN¥91.17. The fair value is estimated to be CN¥75.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 139% in the next 2 years. Price Target Changed • Jun 09
Price target increased by 8.8% to CN¥86.66 Up from CN¥79.66, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥88.10. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥1.11 last year. New Risk • May 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.2% average weekly change). Buy Or Sell Opportunity • May 12
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at CN¥92.60. The fair value is estimated to be CN¥77.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 157% in the next 2 years. Price Target Changed • Apr 30
Price target decreased by 8.8% to CN¥70.66 Down from CN¥77.45, the current price target is an average from 7 analysts. New target price is 22% below last closing price of CN¥90.47. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.59 last year. Aankondiging • Apr 29
OPT Machine Vision Tech Co., Ltd., Annual General Meeting, May 19, 2025 OPT Machine Vision Tech Co., Ltd., Annual General Meeting, May 19, 2025, at 10:00 China Standard Time. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% 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 (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥64.76, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 43% over the past three years. Aankondiging • Mar 28
OPT Machine Vision Tech Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 OPT Machine Vision Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Price Target Changed • Mar 12
Price target increased by 8.2% to CN¥76.07 Up from CN¥70.29, the current price target is an average from 8 analysts. New target price is 25% below last closing price of CN¥102. Stock is up 22% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.59 last year. Price Target Changed • Feb 12
Price target increased by 10.0% to CN¥74.84 Up from CN¥68.06, the current price target is an average from 9 analysts. New target price is 23% below last closing price of CN¥96.77. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.59 last year. Aankondiging • Jan 21
OPT Machine Vision Tech Co., Ltd. (SHSE:688686) agreed to acquire 51% stake in Dongguan Tailai Automation Technology Co., Ltd. from He Duan, He Kening and Han Yi for CNY 78.5 million. OPT Machine Vision Tech Co., Ltd. (SHSE:688686) agreed to acquire 51% stake in Dongguan Tailai Automation Technology Co., Ltd. from He Duan, He Kening and Han Yi for CNY 78.5 million on January 20, 2025. A cash consideration of CNY 78.54 million will be paid by OPT Machine Vision Tech Co., Ltd. As part of consideration, CNY 78.54 million is paid towards common equity of Dongguan Tailai Automation Technology Co., Ltd. The transaction will be financed through equity investment of CNY 78.54 million.
As of August 31, 2024, Dongguan Tailai Automation Technology Co., Ltd. reported total assets of CNY 136.76 million and total common equity of CNY 39.46 million.
The transaction is subject to approval of offer by acquirer board. The deal has been unanimously approved by the board. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥79.00, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 54% over the past three years. Aankondiging • Dec 27
OPT Machine Vision Tech Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 OPT Machine Vision Tech Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Price Target Changed • Dec 10
Price target increased by 11% to CN¥67.79 Up from CN¥61.34, the current price target is an average from 9 analysts. New target price is 13% below last closing price of CN¥77.77. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.59 last year. Price Target Changed • Nov 21
Price target increased by 7.9% to CN¥61.34 Up from CN¥56.87, the current price target is an average from 9 analysts. New target price is 6.7% below last closing price of CN¥65.76. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥1.59 last year. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥955.6m to CN¥902.9m. EPS estimate also fell from CN¥1.73 per share to CN¥1.53 per share. Net income forecast to grow 105% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥56.87 to CN¥58.57. Share price rose 6.2% to CN¥61.65 over the past week. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥55.08, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.42 per share. Upcoming Dividend • Oct 07
Upcoming dividend of CN¥0.13 per share Eligible shareholders must have bought the stock before 14 October 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (1.3%). New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Aankondiging • Sep 30
OPT Machine Vision Tech Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 OPT Machine Vision Tech Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 30
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 5.2% to CN¥61.98. The fair value is estimated to be CN¥48.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 135% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥52.03, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.45 per share. Aankondiging • Sep 24
OPT Machine Vision Tech Co., Ltd. (SHSE:688686) announces an Equity Buyback for CNY 60 million worth of its shares. OPT Machine Vision Tech Co., Ltd. (SHSE:688686) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its Class A shares. The shares will be purchased at a price of CNY 80 per share. The repurchased shares are used for employee stock ownership plans or equity incentives. The program will be funded from company’s own funds. The shares repurchased will be cancelled. The program will be valid for 12 months. Major Estimate Revision • Sep 20
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS estimate fell from CN¥2.24 to CN¥1.87. Revenue forecast reaffirmed at CN¥965.1m. Net income forecast to grow 95% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥64.77 to CN¥56.21. Share price fell 3.5% to CN¥43.32 over the past week. Major Estimate Revision • Sep 05
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.07b to CN¥965.1m. EPS estimate increased from CN¥2.20 to CN¥2.24 per share. Net income forecast to grow 131% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥89.51 to CN¥67.83. Share price fell 3.1% to CN¥48.70 over the past week. Price Target Changed • Aug 31
Price target decreased by 11% to CN¥75.88 Down from CN¥85.46, the current price target is an average from 9 analysts. New target price is 46% above last closing price of CN¥51.84. Stock is down 55% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥1.59 last year. Major Estimate Revision • Aug 31
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.07b to CN¥1.01b. EPS estimate rose from CN¥2.20 to CN¥2.45. Net income forecast to grow 130% next year vs 53% growth forecast for Electronic industry in China. Consensus price target down from CN¥85.46 to CN¥75.88. Share price rose 2.7% to CN¥51.84 over the past week. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Profit margins are more than 30% lower than last year (16% net profit margin). Aankondiging • Jun 29
OPT Machine Vision Tech Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 OPT Machine Vision Tech Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Major Estimate Revision • May 06
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.16b to CN¥1.09b. EPS estimate also fell from CN¥2.64 per share to CN¥2.13 per share. Net income forecast to grow 51% next year vs 60% growth forecast for Electronic industry in China. Consensus price target down from CN¥105 to CN¥91.57. Share price was steady at CN¥75.52 over the past week. Price Target Changed • May 03
Price target decreased by 10% to CN¥94.52 Down from CN¥105, the current price target is an average from 9 analysts. New target price is 25% above last closing price of CN¥75.52. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥2.15 for next year compared to CN¥1.59 last year. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.54 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.47 (down from CN¥0.54 in 1Q 2023). Revenue: CN¥226.7m (down 9.5% from 1Q 2023). Net income: CN¥57.3m (down 13% from 1Q 2023). Profit margin: 25% (in line with 1Q 2023). Revenue is forecast to grow 23% 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 15% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Aankondiging • May 01
OPT Machine Vision Tech Co., Ltd., Annual General Meeting, May 20, 2024 OPT Machine Vision Tech Co., Ltd., Annual General Meeting, May 20, 2024, at 10:00 China Standard Time. Location: No. 66-1, Xingfa South Road, Chang'an Town, Dongguan, Guangdong China Buy Or Sell Opportunity • Apr 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CN¥72.46. The fair value is estimated to be CN¥93.63, 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 9.3%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Aankondiging • Mar 30
OPT Machine Vision Tech Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 OPT Machine Vision Tech Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Major Estimate Revision • Mar 22
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥2.24 to CN¥2.64. Revenue forecast steady at CN¥1.13b. Net income forecast to grow 54% next year vs 55% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥106. Share price rose 7.9% to CN¥94.11 over the past week. Buy Or Sell Opportunity • Mar 20
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to CN¥92.94. The fair value is estimated to be CN¥76.14, however this is not to be taken as a sell 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 9.3%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 133% in the next 2 years. Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.71 (down from CN¥2.66 in FY 2022). Revenue: CN¥965.5m (down 15% from FY 2022). Net income: CN¥208.3m (down 36% from FY 2022). Profit margin: 22% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 29% p.a. on average during the next 2 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 9% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Feb 22
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to CN¥83.48. The fair value is estimated to be CN¥69.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • Feb 07
Now 29% overvalued Over the last 90 days, the stock has fallen 23% to CN¥81.97. The fair value is estimated to be CN¥63.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥73.75, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥63.73 per share. New Risk • Nov 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.3% 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 Dividend is not well covered by cash flows (128% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Major Estimate Revision • Nov 18
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥1.03b to CN¥1.04b. EPS estimate fell from CN¥2.54 to CN¥1.98 per share. Net income forecast to grow 42% next year vs 66% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥116. Share price rose 2.8% to CN¥108 over the past week. Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.69 in 3Q 2022). Revenue: CN¥226.7m (down 27% from 3Q 2022). Net income: CN¥31.1m (down 63% from 3Q 2022). Profit margin: 14% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 78%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Price Target Changed • Nov 01
Price target decreased by 11% to CN¥128 Down from CN¥143, the current price target is an average from 9 analysts. New target price is 29% above last closing price of CN¥98.87. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥2.66 last year. Price Target Changed • Sep 19
Price target decreased by 8.3% to CN¥144 Down from CN¥157, the current price target is an average from 9 analysts. New target price is 30% above last closing price of CN¥111. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥3.02 for next year compared to CN¥2.66 last year. Buying Opportunity • Sep 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 76% in 2 years. Earnings is forecast to grow by 93% in the next 2 years. Major Estimate Revision • Aug 30
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥1.43b to CN¥1.24b. EPS estimate unchanged at CN¥3.46 per share. Net income forecast to grow 61% next year vs 62% growth forecast for Electronic industry in China. Consensus price target down from CN¥188 to CN¥181. Share price rose 11% to CN¥119 over the past week. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥169, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 6.9% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥97.93 per share. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥161, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥98.66 per share. Reported Earnings • Apr 25
First quarter 2023 earnings released: EPS: CN¥0.54 (vs CN¥0.52 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.54 (up from CN¥0.52 in 1Q 2022). Revenue: CN¥250.6m (up 15% from 1Q 2022). Net income: CN¥65.6m (up 3.8% from 1Q 2022). Profit margin: 26% (down from 29% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% 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 • Apr 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥176, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥98.44 per share. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: CN¥2.81 (vs CN¥2.48 in FY 2021) Full year 2022 results: EPS: CN¥2.81 (up from CN¥2.48 in FY 2021). Revenue: CN¥1.17b (up 33% from FY 2021). Net income: CN¥342.5m (up 13% from FY 2021). Profit margin: 29% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥156, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 7.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥148 per share. Buying Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CN¥166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 69% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Buying Opportunity • Nov 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be CN¥182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 69% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Board Change • Nov 16
No independent directors No 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 (4 non-independent directors). Deputy GM, Board Secretary & Director Xueliang Xu was the last director to join 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 independent directors. Insufficient board refreshment. Buying Opportunity • Nov 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be CN¥183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 76% in the next 2 years. Reported Earnings • Oct 25
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.69 (up from CN¥0.61 in 3Q 2021). Revenue: CN¥309.3m (up 23% from 3Q 2021). Net income: CN¥84.3m (up 13% from 3Q 2021). Profit margin: 27% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 108%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Buying Opportunity • Oct 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last year, while earnings per share has been flat. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 74% in the next 2 years. Buying Opportunity • Sep 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.7%. The fair value is estimated to be CN¥204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last year, while earnings per share has been flat. Revenue is forecast to grow by 69% in 2 years. Earnings is forecast to grow by 73% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥254, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥128 per share. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥288, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥216 per share. Price Target Changed • Jul 29
Price target increased to CN¥285 Up from CN¥261, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥278. Stock is down 16% over the past year. The company is forecast to post earnings per share of CN¥4.68 for next year compared to CN¥3.67 last year. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥233, 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 33% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥219 per share. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥265, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥197 per share.