Hefei Meyer Optoelectronic Technology Inc.

XSEC:002690 Stock Report

Market Cap: CN¥13.3b

Hefei Meyer Optoelectronic Technology Past Earnings Performance

Past criteria checks 3/6

Hefei Meyer Optoelectronic Technology has been growing earnings at an average annual rate of 9.1%, while the Machinery industry saw earnings growing at 7.4% annually. Revenues have been growing at an average rate of 11.6% per year. Hefei Meyer Optoelectronic Technology's return on equity is 24.6%, and it has net margins of 26.9%.

Key information

9.1%

Earnings growth rate

9.1%

EPS growth rate

Machinery Industry Growth11.8%
Revenue growth rate11.6%
Return on equity24.6%
Net Margin26.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Hefei Meyer Optoelectronic Technology makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

XSEC:002690 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,346632422158
30 Jun 242,388670428159
31 Mar 242,350721409150
31 Dec 232,425745400149
30 Sep 232,275736350125
30 Jun 232,180752347128
31 Mar 232,122742338125
01 Jan 232,117730341123
30 Sep 221,939639320131
30 Jun 221,896586307117
31 Mar 221,865517297122
31 Dec 211,813511290123
30 Sep 211,822540269118
30 Jun 211,801540256113
31 Mar 211,689507247109
31 Dec 201,496438240104
30 Sep 201,498470269100
30 Jun 201,42948525997
31 Mar 201,44752225592
31 Dec 191,50154526292
30 Sep 191,42952925780
30 Jun 191,33648524274
31 Mar 191,29646624371
31 Dec 181,24044822766
30 Sep 181,17942321158
30 Jun 181,13739317781
31 Mar 181,09536717567
31 Dec 171,09436519054
30 Sep 171,03435318836
30 Jun 179783332130
31 Mar 179213132160
31 Dec 169013092080
30 Sep 169152942070
30 Jun 168972952100
31 Mar 168712952010
31 Dec 158412891970
30 Sep 157492711720
30 Jun 156972571670
31 Mar 156572451580
31 Dec 146612511570
30 Sep 146372531510
30 Jun 146092431470
31 Mar 145842301330
31 Dec 135682081370

Quality Earnings: 002690 has high quality earnings.

Growing Profit Margin: 002690's current net profit margins (26.9%) are lower than last year (32.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 002690's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: 002690's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002690 had negative earnings growth (-14.2%) over the past year, making it difficult to compare to the Machinery industry average (-0.06%).

Return on Equity

High ROE: 002690's Return on Equity (24.6%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 02:47
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hefei Meyer Optoelectronic Technology Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hongwei HuangChasing Securities
Lingxin KongChina International Capital Corporation Limited
Jia YanChina International Capital Corporation Limited