Announcement • Jun 05
Aurora Optoelectronics Co.,Ltd., Annual General Meeting, Jun 29, 2026 Aurora Optoelectronics Co.,Ltd., Annual General Meeting, Jun 29, 2026, at 14:30 China Standard Time. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥4.80, the stock trades at a trailing P/E ratio of 77.2x. Average trailing P/E is 58x in the Machinery industry in China. Total returns to shareholders of 101% over the past three years. New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (21% accrual ratio). New Risk • Apr 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Apr 17
Aurora Optoelectronics Co.,Ltd. announced that it expects to receive CNY 300 million in funding Aurora Optoelectronics Co.,Ltd. announced private placement to issue A shares for gross proceeds of not more than CNY 300,000,000 on April 15, 2026. The transaction includes participation from not more than 35 investors. The share issuance will not exceed 20% of the company's net assets at the end of the most recent year and the issue price is not lower than 80% of the average stock price of the company in the 20 trading days prior to the pricing benchmark. The shares have a lock up period and cannot be transferred within 6 months from the date of issuance. The transaction is approved by board of directors of the company in its 31st meeting of the 10th Board of Directors. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.062 loss in FY 2024) Full year 2025 results: EPS: CN¥0.052 (up from CN¥0.062 loss in FY 2024). Revenue: CN¥465.1m (up 27% from FY 2024). Net income: CN¥141.4m (up CN¥312.8m from FY 2024). Profit margin: 30% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Mar 30
Aurora Optoelectronics Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Aurora Optoelectronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 19
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 8.0% 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. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥4.26, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 57x in the Machinery industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Dec 26
Aurora Optoelectronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026 Aurora Optoelectronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026 Announcement • Sep 30
Aurora Optoelectronics Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Aurora Optoelectronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: CN¥0.025 (vs CN¥0.004 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.025 (up from CN¥0.004 in 2Q 2024). Revenue: CN¥121.0m (up 8.1% from 2Q 2024). Net income: CN¥69.7m (up CN¥59.0m from 2Q 2024). Profit margin: 58% (up from 9.6% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 11
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 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Share price has been highly volatile over the past 3 months (8.5% average weekly change). New Risk • Jul 02
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 8.2% 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Jun 30
Aurora Optoelectronics Co.,Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Aurora Optoelectronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Announcement • Jun 04
Aurora Optoelectronics Co.,Ltd., Annual General Meeting, Jun 27, 2025 Aurora Optoelectronics Co.,Ltd., Annual General Meeting, Jun 27, 2025, at 14:30 China Standard Time. Location: 11F, No. 68, Zhichun Road, Haidian District, Beijing China New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 6.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥241m free cash flow). Earnings have declined by 6.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • Apr 23
Full year 2024 earnings released: CN¥0.062 loss per share (vs CN¥0.24 loss in FY 2023) Full year 2024 results: CN¥0.062 loss per share (improved from CN¥0.24 loss in FY 2023). Revenue: CN¥366.0m (up 12% from FY 2023). Net loss: CN¥171.4m (loss narrowed 75% from FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 32% per year. Announcement • Mar 28
Aurora Optoelectronics Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Aurora Optoelectronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Jan 10
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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥300m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Announcement • Dec 27
Aurora Optoelectronics Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Aurora Optoelectronics Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 New Risk • Nov 07
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 10.0% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥300m free cash flow). Minor Risk Share price has been volatile over the past 3 months (10.0% average weekly change). Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.008 loss per share (vs CN¥0.04 loss in 3Q 2023) Third quarter 2024 results: CN¥0.008 loss per share (improved from CN¥0.04 loss in 3Q 2023). Revenue: CN¥91.7m (down 22% from 3Q 2023). Net loss: CN¥22.2m (loss narrowed 80% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Aurora Optoelectronics Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Aurora Optoelectronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.018 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.004 (up from CN¥0.018 loss in 2Q 2023). Revenue: CN¥111.9m (up 39% from 2Q 2023). Net income: CN¥10.8m (up CN¥59.1m from 2Q 2023). Profit margin: 9.6% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Aurora Optoelectronics Co.,Ltd. (SHSE:600666) commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on July 25, 2024. Aurora Optoelectronics Co.,Ltd. (SHSE:600666) commences share repurchases on July 24, 2024, under the program mandated by shareholders in the Annual General Meeting held on June 21, 2024. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at no more than CNY 2.11 per share. The purpose of the program is to maintain the company's value and shareholders' interests, the company's repurchased shares will be used for subsequent sale in accordance with relevant regulations. If the company fails to implement the above-mentioned sale within 3 years after the completion of the share repurchase, the unimplemented part will be cancelled after completing the relevant review procedures. The program will be funded from company's own funds. The authorization will be valid for 3 months. Announcement • Jun 28
Aurora Optoelectronics Co.,Ltd. to Report First Half, 2024 Results on Aug 10, 2024 Aurora Optoelectronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 10, 2024 Announcement • May 30
Aurora Optoelectronics Co.,Ltd., Annual General Meeting, Jun 21, 2024 Aurora Optoelectronics Co.,Ltd., Annual General Meeting, Jun 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Harbin, Heilongjiang China Reported Earnings • Apr 20
Full year 2023 earnings released: CN¥0.24 loss per share (vs CN¥0.05 profit in FY 2022) Full year 2023 results: CN¥0.24 loss per share (down from CN¥0.05 profit in FY 2022). Revenue: CN¥327.9m (down 38% from FY 2022). Net loss: CN¥675.3m (down CN¥735.9m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Aurora Optoelectronics Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Aurora Optoelectronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥1.67, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 50% over the past three years. Announcement • Dec 30
Aurora Optoelectronics Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Aurora Optoelectronics Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥2.32, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 66% over the past three years. Announcement • Sep 30
Aurora Optoelectronics Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Aurora Optoelectronics Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Aug 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (47% accrual ratio). Shareholders have been substantially diluted in the past year (125% increase in shares outstanding). New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 125% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (125% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. Announcement • Jun 28
Aurora Optoelectronics Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Aurora Optoelectronics Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 30
First quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.06 loss in 1Q 2022) First quarter 2023 results: CN¥0.004 loss per share (improved from CN¥0.06 loss in 1Q 2022). Revenue: CN¥44.7m (down 68% from 1Q 2022). Net loss: CN¥12.3m (loss narrowed 83% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Supervisory Board Xiaotong Zhang is the most experienced director on the board, commencing their role in 2017. Independent Director Haibo Wang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.28 loss per share (vs CN¥0.053 loss in 3Q 2021) Third quarter 2022 results: CN¥0.28 loss per share (further deteriorated from CN¥0.053 loss in 3Q 2021). Revenue: CN¥99.3m (down 32% from 3Q 2021). Net loss: CN¥357.6m (loss widened 448% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.09 loss per share (vs CN¥0.036 loss in 2Q 2021) Second quarter 2022 results: CN¥0.09 loss per share (down from CN¥0.036 loss in 2Q 2021). Revenue: CN¥171.2m (up 2.0% from 2Q 2021). Net loss: CN¥108.2m (loss widened 143% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.053 loss per share (vs CN¥0.058 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CN¥145.9m (down 14% from 3Q 2020). Net loss: CN¥65.2m (loss narrowed 8.5% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: CN¥0.036 loss per share (vs CN¥0.055 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥167.8m (up 49% from 2Q 2020). Net loss: CN¥44.6m (loss narrowed 41% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 18
Full year 2020 earnings released: CN¥0.56 loss per share (vs CN¥0.05 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥519.6m (down 29% from FY 2019). Net loss: CN¥684.9m (down CN¥752.1m from profit in FY 2019). Is New 90 Day High Low • Jan 06
New 90-day low: CN¥1.15 The company is down 15% from its price of CN¥1.35 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥1.20 The company is down 17% from its price of CN¥1.44 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥1.34 The company is down 11% from its price of CN¥1.50 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. Announcement • Oct 19
Aurora Optoelectronics Co.,Ltd to Report Q3, 2020 Results on Oct 24, 2020 Aurora Optoelectronics Co.,Ltd announced that they will report Q3, 2020 results on Oct 24, 2020 Is New 90 Day High Low • Sep 29
New 90-day low: CN¥1.37 The company is down 6.0% from its price of CN¥1.46 on 01 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Announcement • Sep 22
Zuo Hongbo acquired additional 11.7% stake in Southwest Pharmaceutical Co.,Ltd. (SHSE:600666) from Chongqing Taiji Industry (Group) Co.,Ltd (SHSE:600129). Zuo Hongbo acquired additional 11.7% stake in Southwest Pharmaceutical Co.,Ltd. (SHSE:600666) from Chongqing Taiji Industry (Group) Co.,Ltd (SHSE:600129) on June 4, 2015. Zuo Hongbo will now hold 19.64% stake in Southwest Pharmaceutical.
Zuo Hongbo completed the acquisition of additional 11.7% stake in Southwest Pharmaceutical Co.,Ltd. (SHSE:600666) from Chongqing Taiji Industry (Group) Co.,Ltd (SHSE:600129) on June 4, 2015. Announcement • Jul 09
Aurora Optoelectronics Co.,Ltd to Report First Half, 2020 Results on Aug 22, 2020 Aurora Optoelectronics Co.,Ltd announced that they will report first half, 2020 results on Aug 22, 2020 