New Risk • Apr 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% 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 Risk High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.03 (vs CN¥0.062 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.03 (down from CN¥0.062 in 1Q 2025). Revenue: CN¥419.0m (down 43% from 1Q 2025). Net income: CN¥29.6m (down 52% from 1Q 2025). Profit margin: 7.1% (down from 8.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Focus Lightings Tech Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Focus Lightings Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.28 (up from CN¥0.21 in FY 2024). Revenue: CN¥3.13b (up 13% from FY 2024). Net income: CN¥205.0m (up 4.8% from FY 2024). Profit margin: 6.6% (down from 7.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
Focus Lightings Tech Co., Ltd., Annual General Meeting, Apr 10, 2026 Focus Lightings Tech Co., Ltd., Annual General Meeting, Apr 10, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China New Risk • Mar 05
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 7.7% 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 (143% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Buy Or Sell Opportunity • Mar 05
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to CN¥12.52. The fair value is estimated to be CN¥9.98, 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 grown by 79%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Announcement • Dec 31
Focus Lightings Tech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Focus Lightings Tech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 16
Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.05 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.05 in 3Q 2024). Revenue: CN¥905.4m (up 32% from 3Q 2024). Net income: CN¥56.1m (up 21% from 3Q 2024). Profit margin: 6.2% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Focus Lightings Tech Co., Ltd. to Report Q3, 2025 Results on Oct 15, 2025 Focus Lightings Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 15, 2025 Price Target Changed • Aug 17
Price target increased by 26% to CN¥13.17 Up from CN¥10.45, the current price target is an average from 2 analysts. New target price is 45% above last closing price of CN¥9.05. Stock is up 46% over the past year. The company is forecast to post earnings per share of CN¥0.30 for next year compared to CN¥0.21 last year. Reported Earnings • Jul 22
Second quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.10 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.08 (down from CN¥0.10 in 2Q 2024). Revenue: CN¥862.6m (up 18% from 2Q 2024). Net income: CN¥55.5m (down 14% from 2Q 2024). Profit margin: 6.4% (down from 8.9% in 2Q 2024). 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 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Focus Lightings Tech Co., Ltd. to Report First Half, 2025 Results on Jul 22, 2025 Focus Lightings Tech Co., Ltd. announced that they will report first half, 2025 results on Jul 22, 2025 Reported Earnings • Apr 11
First quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2024). Revenue: CN¥731.4m (up 22% from 1Q 2024). Net income: CN¥61.4m (up 28% from 1Q 2024). Profit margin: 8.4% (up from 8.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Apr 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 8.6% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.77, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 20% over the past three years. Announcement • Mar 31
Focus Lightings Tech Co., Ltd. to Report Q1, 2025 Results on Apr 11, 2025 Focus Lightings Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 11, 2025 Declared Dividend • Mar 03
Dividend of CN¥0.16 announced Dividend of CN¥0.16 is the same as last year. Ex-date: 5th March 2025 Payment date: 5th March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Feb 07
Consensus EPS estimates increase by 22%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥3.36b to CN¥3.23b. EPS estimate rose from CN¥0.313 to CN¥0.383. Net income forecast to grow 32% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥13.15 unchanged from last update. Share price rose 4.6% to CN¥13.86 over the past week. Price Target Changed • Feb 01
Price target increased by 11% to CN¥13.15 Up from CN¥11.80, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥13.25. Stock is up 54% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.30 last year. Announcement • Jan 29
Focus Lightings Tech Co., Ltd. Proposes Cash Dividend for the Year 2024 Focus Lightings Tech Co., Ltd. announced on 27 January 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included) of CNY 1.60000000. Announcement • Jan 27
Focus Lightings Tech Co., Ltd., Annual General Meeting, Feb 17, 2025 Focus Lightings Tech Co., Ltd., Annual General Meeting, Feb 17, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Jan 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.30 (up from CN¥0.21 in FY 2023). Revenue: CN¥2.76b (up 11% from FY 2023). Net income: CN¥195.6m (up 61% from FY 2023). Profit margin: 7.1% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 10% 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 • Jan 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.01, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years. Announcement • Dec 31
Focus Lightings Tech Co., Ltd. to Report Fiscal Year 2024 Results on Jan 25, 2025 Focus Lightings Tech Co., Ltd. announced that they will report fiscal year 2024 results on Jan 25, 2025 Reported Earnings • Oct 11
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (in line with 3Q 2023). Revenue: CN¥688.6m (up 9.4% from 3Q 2023). Net income: CN¥46.5m (down 11% from 3Q 2023). Profit margin: 6.8% (down from 8.3% in 3Q 2023). 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 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Focus Lightings Tech Co., Ltd. to Report Q3, 2024 Results on Oct 11, 2024 Focus Lightings Tech Co., Ltd. announced that they will report Q3, 2024 results on Oct 11, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥10.18, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 45% over the past three years. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10. Revenue: CN¥733.4m (up 12% from 2Q 2023). Net income: CN¥65.0m (up 99% from 2Q 2023). Profit margin: 8.9% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Announcement • Jun 29
Focus Lightings Tech Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Focus Lightings Tech Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • May 17
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. 1 highly experienced director. Chairman & GM Huarong Pan is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 11
Focus Lightings Tech Co., Ltd. Approves Directorate Appointments Focus Lightings Tech Co., Ltd. at its Extraordinary General Meeting held on 09 May 2024 approved the election of Pan Huarong, Sun Yongjie, Xu Hua and Cao Yufei as non-independent director. The company approved the election of Huang Heshu as independent director. The company approved the election of Wang Junhui as non-employee supervisor. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.01 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.01 loss in 1Q 2023). Revenue: CN¥600.5m (up 11% from 1Q 2023). Net income: CN¥48.1m (up CN¥55.7m from 1Q 2023). Profit margin: 8.0% (up from net loss in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor 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 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Focus Lightings Tech Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Focus Lightings Tech Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Announcement • Feb 22
Focus Lightings Tech Co., Ltd. Announces Implementation of Final Cash Dividend of 2023, Payable on 28 February 2024 Focus Lightings Tech Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 1.60000000. Record date is 27 February 2024. Ex-date is 28 February 2024. Payment date is 28 February 2024. Price Target Changed • Feb 07
Price target decreased by 7.2% to CN¥12.30 Down from CN¥13.25, the current price target is an average from 2 analysts. New target price is 39% above last closing price of CN¥8.82. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.21 last year. 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¥8.62, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.42 per share. Announcement • Jan 30
Focus Lightings Tech Co., Ltd. Proposes Dividend for 2023 Focus Lightings Tech Co., Ltd. proposed Cash dividend/10 shares (tax included): CNY 1.60000000 for 2023. Reported Earnings • Jan 27
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥0.21 (up from CN¥0.12 loss in FY 2022). Revenue: CN¥2.48b (up 22% from FY 2022). Net income: CN¥121.2m (up CN¥184.6m from FY 2022). Profit margin: 4.9% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 40% 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. Announcement • Jan 27
Focus Lightings Tech Co., Ltd., Annual General Meeting, Feb 19, 2024 Focus Lightings Tech Co., Ltd., Annual General Meeting, Feb 19, 2024, at 14:00 China Standard Time. Announcement • Dec 29
Focus Lightings Tech Co., Ltd. to Report Fiscal Year 2023 Results on Jan 27, 2024 Focus Lightings Tech Co., Ltd. announced that they will report fiscal year 2023 results on Jan 27, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.08 (vs CN¥0.018 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.08 (up from CN¥0.018 loss in 3Q 2022). Revenue: CN¥629.4m (up 18% from 3Q 2022). Net income: CN¥52.0m (up CN¥65.2m from 3Q 2022). Profit margin: 8.3% (up from net loss in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor 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 10% per year, which means it has not declined as severely as earnings. New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.031 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.031 in 2Q 2022). Revenue: CN¥655.9m (up 25% from 2Q 2022). Net income: CN¥32.7m (up 80% from 2Q 2022). Profit margin: 5.0% (up from 3.5% in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor 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 increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 01
Focus Lightings Tech Co., Ltd. to Report First Half, 2023 Results on Jul 20, 2023 Focus Lightings Tech Co., Ltd. announced that they will report first half, 2023 results on Jul 20, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.05 profit in 1Q 2022) First quarter 2023 results: CN¥0.01 loss per share (down from CN¥0.05 profit in 1Q 2022). Revenue: CN¥543.2m (up 13% from 1Q 2022). Net loss: CN¥7.59m (down 131% from profit in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Feb 28
Full year 2022 earnings released: CN¥0.12 loss per share (vs CN¥0.34 profit in FY 2021) Full year 2022 results: CN¥0.12 loss per share (down from CN¥0.34 profit in FY 2021). Revenue: CN¥2.03b (up 1.0% from FY 2021). Net loss: CN¥63.4m (down 136% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.7%. The fair value is estimated to be CN¥11.95, 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. Earnings per share has grown by 49%. Revenue is forecast to grow by 83% in 2 years. Earnings is forecast to grow by 713% in the next 2 years. Buying Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥13.28, 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. Earnings per share has grown by 49%. Revenue is forecast to grow by 83% in 2 years. Earnings is forecast to grow by 712% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.10 profit in 3Q 2021) Third quarter 2022 results: CN¥0.018 loss per share (down from CN¥0.10 profit in 3Q 2021). Revenue: CN¥535.6m (up 3.3% from 3Q 2021). Net loss: CN¥13.2m (down 121% from profit in 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.031 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥524.7m (up 2.5% from 2Q 2021). Net income: CN¥18.2m (down 67% from 2Q 2021). Profit margin: 3.5% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 40%, compared to a 47% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jun 22
Focus Lightings Tech Co., Ltd. announced that it expects to receive CNY 1.2 billion in funding Focus Lightings Tech Co., Ltd. announced a private placement of shares for gross proceeds not exceeding CNY 1,200,000,000 on June 21, 2022. Price Target Changed • Apr 27
Price target decreased to CN¥16.73 Down from CN¥19.56, the current price target is provided by 1 analyst. New target price is 64% above last closing price of CN¥10.19. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.34 last year. Reported Earnings • Apr 12
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CN¥2.42 (up from CN¥0.033 in 1Q 2021). Revenue: CN¥94.1b (up CN¥93.7b from 1Q 2021). Net income: CN¥7.93b (up CN¥7.92b from 1Q 2021). Profit margin: 8.4% (up from 3.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is expected to shrink by 90% compared to a 47% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 144% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
Focus Lightings Tech Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2021, Payable on 14 March 2022 Focus Lightings Tech Co., Ltd. announced final cash dividend on A shares for the year 2021 of CNY 0.40000000 per 10 shares. Net cash dividend per 10 shares after tax is CNY 0.36000000. The dividend is payable on 14 March 2022 with record date of 11 March 2022 and ex-date of 14 March 2022. Announcement • Feb 26
Focus Lightings Tech Co., Ltd. Approves Cash Dividend for the Year 2021 Focus Lightings Tech Co., Ltd. announced that at its AGM held on February 23, 2022, approved cash dividend of CNY 0.40000000 per 10 shares (tax included) for the year 2021. Price Target Changed • Feb 08
Price target decreased to CN¥19.56 Down from CN¥23.20, the current price target is provided by 1 analyst. New target price is 15% above last closing price of CN¥17.05. Stock is up 63% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.34 last year. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.34 (up from CN¥0.044 in FY 2020). Revenue: CN¥2.01b (up 43% from FY 2020). Net income: CN¥177.1m (up CN¥155.7m from FY 2020). Profit margin: 8.8% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 26%, compared to a 56% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 49% per year. Reported Earnings • Oct 16
Third quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.006 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥518.3m (up 32% from 3Q 2020). Net income: CN¥63.2m (up CN¥60.4m from 3Q 2020). Profit margin: 12% (up from 0.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.033 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥512.1m (up 47% from 2Q 2020). Net income: CN¥54.7m (up CN¥46.3m from 2Q 2020). Profit margin: 11% (up from 2.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥449.0m (up 70% from 1Q 2020). Net income: CN¥15.4m (up 194% from 1Q 2020). Profit margin: 3.4% (up from 2.0% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% 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. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥19.91 The company is down 48% from its price of CN¥38.60 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥24.48 The company is down 23% from its price of CN¥31.61 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥25.41 The company is down 8.0% from its price of CN¥27.70 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 15% over the same period. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥10.4m, down 91% from the prior year. Total revenue was CN¥1.36b over the last 12 months, up 40% from the prior year. Announcement • Oct 16
Focus Lightings Tech Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Focus Lightings Tech Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Announcement • Jul 19
Focus Lightings Tech Co., Ltd. to Report First Half, 2020 Results on Aug 12, 2020 Focus Lightings Tech Co., Ltd. announced that they will report first half, 2020 results on Aug 12, 2020