Announcement • Jun 30
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2026 Results on Aug 26, 2026 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2026 results on Aug 26, 2026 Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Li Sheng Pan was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 31
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2025 Results on Mar 31, 2026 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2025 Results on Oct 25, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q3, 2025 results on Oct 25, 2025 Announcement • Jul 02
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2025 Results on Aug 26, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Mar 31
Hefei Meyer Optoelectronic Technology Inc. to Report Q1, 2025 Results on Apr 26, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 29
Hefei Meyer Optoelectronic Technology Inc. Proposes Final Cash Dividend for 2024 Hefei Meyer Optoelectronic Technology Inc. proposed final cash dividend of CNY 7.00000000 per 10 shares (tax included) for 2024. Announcement • Mar 28
Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 22, 2025 Hefei Meyer Optoelectronic Technology Inc., Annual General Meeting, Apr 22, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Announcement • Dec 31
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2024 Results on Mar 28, 2025 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥647.7m (down 6.1% from 3Q 2023). Net income: CN¥178.1m (down 18% from 3Q 2023). Profit margin: 28% (down from 31% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Hefei Meyer Optoelectronic Technology Inc. to Report Q3, 2024 Results on Oct 26, 2024 Hefei Meyer Optoelectronic Technology Inc. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥14.52, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥598.9m (up 6.9% from 2Q 2023). Net income: CN¥171.0m (down 23% from 2Q 2023). Profit margin: 29% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Hefei Meyer Optoelectronic Technology Inc. to Report First Half, 2024 Results on Aug 22, 2024 Hefei Meyer Optoelectronic Technology Inc. announced that they will report first half, 2024 results on Aug 22, 2024 Declared Dividend • May 15
Dividend of CN¥0.70 announced Dividend of CN¥0.70 is the same as last year. Ex-date: 17th May 2024 Payment date: 17th May 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥331.4m (down 19% from 1Q 2023). Net income: CN¥100.9m (down 19% from 1Q 2023). Profit margin: 30% (in line with 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.83 in FY 2022) Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.83 in FY 2022). Revenue: CN¥2.43b (up 15% from FY 2022). Net income: CN¥744.8m (up 2.0% from FY 2022). Profit margin: 31% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥18.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.36 per share. Announcement • Dec 29
Hefei Meyer Optoelectronic Technology Inc. to Report Fiscal Year 2023 Results on Mar 30, 2024 Hefei Meyer Optoelectronic Technology Inc. announced that they will report fiscal year 2023 results on Mar 30, 2024 Buying Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥24.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.26 in 3Q 2022). Revenue: CN¥689.8m (up 16% from 3Q 2022). Net income: CN¥216.9m (down 6.8% from 3Q 2022). Profit margin: 31% (down from 39% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥560.3m (up 12% from 2Q 2022). Net income: CN¥221.3m (up 5.0% from 2Q 2022). Profit margin: 40% (down from 42% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Deputy GM & Supervisor Ying Jiu Ni was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 06
Hefei Meyer Optoelectronic Technology Inc. Announces Implements Final Profit Distribution Plan of A Shares for 2022, Payable on May 11, 2023 Hefei Meyer Optoelectronic Technology Inc. announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 10 May 2023; Ex-date: 11 May 2023, Payment date: 11 May 2023. Net cash dividend/10 shares after tax: CNY 6.30000000 (CNY 7.00000000- CNY 0.70000000). Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2022). Revenue: CN¥407.0m (up 1.3% from 1Q 2022). Net income: CN¥125.0m (up 10.0% from 1Q 2022). Profit margin: 31% (up from 28% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥32.69, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.38 per share. Buying Opportunity • Dec 21
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥28.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Dec 03
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥30.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Nov 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be CN¥30.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Nov 09
Now 20% undervalued Over the last 90 days, the stock is up 9.7%. The fair value is estimated to be CN¥31.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 48% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.20 in 3Q 2021). Revenue: CN¥595.4m (up 7.7% from 3Q 2021). Net income: CN¥232.7m (up 29% from 3Q 2021). Profit margin: 39% (up from 33% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥25.27, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 4.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.18 per share. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥26.57, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.13 per share. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥502.4m (up 6.7% from 2Q 2021). Net income: CN¥210.7m (up 49% from 2Q 2021). Profit margin: 42% (up from 30% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 24%, compared to a 35% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2021). Revenue: CN¥401.9m (up 15% from 1Q 2021). Net income: CN¥113.6m (up 5.9% from 1Q 2021). Profit margin: 28% (down from 31% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 20%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.76 (vs CN¥0.65 in FY 2020) Full year 2021 results: EPS: CN¥0.76 (up from CN¥0.65 in FY 2020). Revenue: CN¥1.81b (up 21% from FY 2020). Net income: CN¥511.1m (up 17% from FY 2020). Profit margin: 28% (down from 29% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 22%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.27 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥552.6m (up 4.0% from 3Q 2020). Net income: CN¥179.9m (flat on 3Q 2020). Profit margin: 33% (down from 34% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.16 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥470.7m (up 31% from 2Q 2020). Net income: CN¥141.7m (up 30% from 2Q 2020). Profit margin: 30% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.057 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥349.9m (up 122% from 1Q 2020). Net income: CN¥107.3m (up 179% from 1Q 2020). Profit margin: 31% (up from 24% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 08
Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥1.50b (flat on FY 2019). Net income: CN¥438.2m (down 20% from FY 2019). Profit margin: 29% (down from 36% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.81 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥1.50b (flat on FY 2019). Net income: CN¥441.2m (down 19% from FY 2019). Profit margin: 29% (down from 36% in FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 29%, compared to a 25% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥39.60, the stock is trading at a trailing P/E ratio of 56.9x, down from the previous P/E ratio of 68.5x. This compares to an average P/E of 33x in the Machinery industry in China. Total returns to shareholders over the past three years are 127%. Is New 90 Day High Low • Feb 26
New 90-day low: CN¥39.60 The company is down 14% from its price of CN¥46.12 on 27 November 2020. The Chinese market is up 5.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥34.28 per share. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to CN¥49.10, the stock is trading at a trailing P/E ratio of 70.6x, up from the previous P/E ratio of 60.8x. This compares to an average P/E of 41x in the Machinery industry in China. Total returns to shareholders over the past three years are 176%. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥45.50 The company is down 24% from its price of CN¥59.90 on 31 July 2020. The Chinese market is down 1.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.61 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥470.1m, down 11% from the prior year. Total revenue was CN¥1.50b over the last 12 months, up 4.8% from the prior year. 
