Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥126, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 57x in the Semiconductor industry in China. Total returns to shareholders of 110% over the past three years. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.60 (vs CN¥0.60 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.60 (in line with 1Q 2025). Revenue: CN¥422.6m (down 25% from 1Q 2025). Net income: CN¥163.7m (flat on 1Q 2025). Profit margin: 39% (up from 29% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% 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 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥99.36, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 53x in the Semiconductor industry in China. Total returns to shareholders of 62% over the past three years. Major Estimate Revision • Apr 09
Consensus revenue estimates fall by 26% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥3.12b to CN¥2.31b. EPS estimate fell from CN¥3.17 to CN¥2.24 per share. Net income forecast to grow 24% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥82.00. Share price rose 12% to CN¥80.76 over the past week. New Risk • Apr 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 (10% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Dividend is not well covered by cash flows (265% cash payout ratio). New Risk • Mar 16
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 10% 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 (10% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 14
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.91 (down from CN¥1.94 in FY 2024). Revenue: CN¥2.03b (flat on FY 2024). Net income: CN¥519.2m (down 1.6% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 26% p.a. on average during the next 2 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 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Feb 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 7.8% 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 High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥75.39, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 45x in the Semiconductor industry in China. Total loss to shareholders of 4.9% over the past three years. Announcement • Dec 31
Wuhan DR Laser Technology Corp.,Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Wuhan DR Laser Technology Corp.,Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Price Target Changed • Nov 23
Price target increased by 9.9% to CN¥81.67 Up from CN¥74.33, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥59.93. Stock is down 16% over the past year. The company is forecast to post earnings per share of CN¥2.62 for next year compared to CN¥1.94 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.62 (vs CN¥0.55 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.62 (up from CN¥0.55 in 3Q 2024). Revenue: CN¥611.4m (up 14% from 3Q 2024). Net income: CN¥169.5m (up 15% from 3Q 2024). Profit margin: 28% (in line with 3Q 2024). Revenue is forecast to grow 18% 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 16% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Wuhan DR Laser Technology Corp.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Wuhan DR Laser Technology Corp.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.38 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.60 (up from CN¥0.38 in 2Q 2024). Revenue: CN¥608.9m (up 34% from 2Q 2024). Net income: CN¥163.6m (up 62% from 2Q 2024). Profit margin: 27% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% 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 14% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥74.99, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 46% over the past three years. Price Target Changed • Jul 12
Price target increased by 9.2% to CN¥67.00 Up from CN¥61.33, the current price target is an average from 3 analysts. New target price is 15% above last closing price of CN¥58.04. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.44 for next year compared to CN¥1.94 last year. Announcement • Jul 02
Wuhan DR Laser Technology Corp.,Ltd to Report First Half, 2025 Results on Aug 12, 2025 Wuhan DR Laser Technology Corp.,Ltd announced that they will report first half, 2025 results on Aug 12, 2025 Declared Dividend • Jun 09
Dividend increased to CN¥0.39 Dividend of CN¥0.39 is 11% higher than last year. Ex-date: 12th June 2025 Payment date: 12th June 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (19% 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 8.1% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
Wuhan DR Laser Technology Corp.,Ltd Approves Cash Dividend for the Year 2024 Wuhan DR Laser Technology Corp.,Ltd, at its AGM held on 16 May 2025, approved cash dividend of CNY 3.90000000 per 10 shares (tax included) for the year 2024. Reported Earnings • Apr 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.94 (up from CN¥1.69 in FY 2023). Revenue: CN¥2.01b (up 25% from FY 2023). Net income: CN¥527.6m (up 14% from FY 2023). Profit margin: 26% (down from 29% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Revenue is forecast to grow 15% 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 10% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Wuhan DR Laser Technology Corp.,Ltd, Annual General Meeting, May 16, 2025 Wuhan DR Laser Technology Corp.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥56.50, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 24% over the past three years. Announcement • Mar 31
Wuhan DR Laser Technology Corp.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Wuhan DR Laser Technology Corp.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Price Target Changed • Mar 26
Price target increased by 8.2% to CN¥66.33 Up from CN¥61.33, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥68.00. Stock is up 54% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.69 last year. Announcement • Dec 31
Wuhan DR Laser Technology Corp.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Wuhan DR Laser Technology Corp.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.55 (vs CN¥0.60 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.55 (down from CN¥0.60 in 3Q 2023). Revenue: CN¥534.6m (up 12% from 3Q 2023). Net income: CN¥147.4m (down 11% from 3Q 2023). Profit margin: 28% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 9% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥60.51, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 8.7% over the past three years. Price Target Changed • Oct 09
Price target increased by 10% to CN¥55.00 Up from CN¥49.83, the current price target is an average from 3 analysts. New target price is 19% below last closing price of CN¥67.53. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of CN¥2.17 for next year compared to CN¥1.69 last year. 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 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: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Sep 30
Wuhan DR Laser Technology Corp.,Ltd to Report Q3, 2024 Results on Oct 28, 2024 Wuhan DR Laser Technology Corp.,Ltd announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥51.35, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 2.7% over the past three years. Announcement • Sep 11
Wuhan DR Laser Technology Corp.,Ltd Approves Board Appointments Wuhan DR Laser Technology Corp.,Ltd at its Extraordinary General Meeting held on 09 September 2024, approved election of Li Zhigang and Zhu Fan as non-independent directors. Major Estimate Revision • Aug 22
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.36b to CN¥2.11b. EPS estimate fell from CN¥2.45 to CN¥2.19 per share. Net income forecast to grow 28% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥55.93 to CN¥49.83. Share price fell 8.3% to CN¥41.29 over the past week. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.38 (up from CN¥0.30 in 2Q 2023). Revenue: CN¥455.1m (up 40% from 2Q 2023). Net income: CN¥101.0m (up 25% from 2Q 2023). Profit margin: 22% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% 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 increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Wuhan DR Laser Technology Corp.,Ltd to Report First Half, 2024 Results on Aug 16, 2024 Wuhan DR Laser Technology Corp.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024 New Risk • Jun 12
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. This is currently the only risk that has been identified for the company. Announcement • May 25
Wuhan DR Laser Technology Corp.,Ltd Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Wuhan DR Laser Technology Corp.,Ltd announced final cash dividend of CNY 3.5000000 per ten A shares (tax included) for the year 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥53.63, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 30x in the Semiconductor industry in China. Total returns to shareholders of 20% over the past three years. Major Estimate Revision • May 11
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.32b to CN¥2.45b. EPS estimate increased from CN¥2.33 to CN¥2.57 per share. Net income forecast to grow 49% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target of CN¥57.26 unchanged from last update. Share price was steady at CN¥45.93 over the past week. Announcement • Apr 28
Wuhan DR Laser Technology Corp.,Ltd, Annual General Meeting, May 17, 2024 Wuhan DR Laser Technology Corp.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 annual report and its summary; to consider 2023 profit distribution plan; to consider reappointment of 2024 audit firm; to consider change of the Company's registered capital, amendments to the Company's articles of association, and handling the industrial and commercial registration amendment; and to consider shareholder return plan for the next three years from 2023 to 2025. Announcement • Apr 27
Wuhan DR Laser Technology Corp.,Ltd Proposes Final Cash Dividend for the Year 2023 Wuhan DR Laser Technology Corp.,Ltd announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend per 10 shares (tax included): CNY 3.50000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.49 (vs CN¥0.34 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.49 (up from CN¥0.34 in 1Q 2023). Revenue: CN¥450.5m (up 30% from 1Q 2023). Net income: CN¥135.1m (up 45% from 1Q 2023). Profit margin: 30% (up from 27% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 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 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 02
Price target decreased by 8.8% to CN¥63.54 Down from CN¥69.68, the current price target is an average from 3 analysts. New target price is 41% above last closing price of CN¥45.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.51 last year. Announcement • Mar 30
Wuhan DR Laser Technology Corp.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Wuhan DR Laser Technology Corp.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Feb 24
Wuhan DR Laser Technology Corp.,Ltd (SZSE:300776) announces an Equity Buyback for CNY 100 million worth of its shares. Wuhan DR Laser Technology Corp.,Ltd (SZSE:300776) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 74.29 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥41.97, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Semiconductor industry in China. Total loss to shareholders of 9.9% over the past three years. Announcement • Dec 29
Wuhan DR Laser Technology Corp.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Wuhan DR Laser Technology Corp.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.60 (vs CN¥0.44 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.60 (up from CN¥0.44 in 3Q 2022). Revenue: CN¥477.9m (up 23% from 3Q 2022). Net income: CN¥165.3m (up 37% from 3Q 2022). Profit margin: 35% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% 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 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Wuhan DR Laser Technology Corp.,Ltd to Report Q3, 2023 Results on Oct 30, 2023 Wuhan DR Laser Technology Corp.,Ltd announced that they will report Q3, 2023 results on Oct 30, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥62.76, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 34x in the Semiconductor industry in China. Total returns to shareholders of 23% over the past three years. Major Estimate Revision • Aug 24
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.10b to CN¥1.76b. EPS estimate fell from CN¥2.29 to CN¥1.77 per share. Net income forecast to grow 69% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥72.47 to CN¥68.64. Share price fell 9.0% to CN¥50.62 over the past week. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.46 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.46 in 2Q 2022). Revenue: CN¥326.2m (down 8.0% from 2Q 2022). Net income: CN¥80.7m (down 34% from 2Q 2022). Profit margin: 25% (down from 35% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 38% 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 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Jul 01
Wuhan DR Laser Technology Corp.,Ltd to Report First Half, 2023 Results on Aug 18, 2023 Wuhan DR Laser Technology Corp.,Ltd announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • Jun 10
Wuhan DR Laser Technology Corp., Ltd Implements Cash Dividend for 2022, Payable on June 15, 2023 Wuhan DR Laser Technology Corp.,Ltd implemented cash dividend of CNY 4.70000000 per 10 shares (tax included) for 2022. Record date: 14 June 2023.Ex-date: 15 June 2023. Payment date: 15 June 2023. Announcement • May 25
Wuhan DR Laser Technology Corp.,Ltd Approves Cash Dividend for 2022 Wuhan DR Laser Technology Corp.,Ltd at its Annual General Meeting held on 22 May 2023 approved cash dividend of CNY 4.70000000 per 10 shares (tax included) for 2022. Price Target Changed • May 03
Price target decreased by 15% to CN¥140 Down from CN¥164, the current price target is an average from 2 analysts. New target price is 43% above last closing price of CN¥97.70. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥3.63 for next year compared to CN¥2.42 last year. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.55 (vs CN¥0.54 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.55 (up from CN¥0.54 in 1Q 2022). Revenue: CN¥347.6m (up 12% from 1Q 2022). Net income: CN¥93.5m (flat on 1Q 2022). Profit margin: 27% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% 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 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Director Fan Zhu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥188, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 289% over the past three years. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.71 (vs CN¥0.61 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.71 (up from CN¥0.61 in 3Q 2021). Revenue: CN¥387.8m (up 16% from 3Q 2021). Net income: CN¥120.4m (up 16% from 3Q 2021). Profit margin: 31% (in line with 3Q 2021). Revenue is forecast to grow 30% 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 increased by 10% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥186, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 247% over the past three 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¥192, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 264% over the past three years. Price Target Changed • Aug 30
Price target increased to CN¥210 Up from CN¥170, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥218. Stock is up 96% over the past year. The company is forecast to post earnings per share of CN¥3.05 for next year compared to CN¥2.25 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.73 (vs CN¥0.61 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.73 (up from CN¥0.61 in 2Q 2021). Revenue: CN¥354.4m (up 8.7% from 2Q 2021). Net income: CN¥123.0m (up 18% from 2Q 2021). Profit margin: 35% (up from 32% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 53%, compared to a 25% growth forecast for the Electronic 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 increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jun 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥3.09 to CN¥3.59. Revenue forecast unchanged at CN¥1.66b. Net income forecast to grow 45% next year vs 44% growth forecast for Electronic industry in China. Consensus price target of CN¥170 unchanged from last update. Share price was steady at CN¥173 over the past week. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥185, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 266% over the past three years. Announcement • May 31
Wuhan DR Laser Technology Corp.,Ltd Announces 2021 Final Profit Distribution Plan of A Shares, Payable on 07 June 2022 Wuhan DR Laser Technology Corp.,Ltd announced 2021 final profit distribution plan of CNY 7.50000000 per 10 A shares (tax included). Record date is 06 June 2022, Ex-date is 07 June 2022 and Payment date is 07 June 2022. Announcement • May 24
Wuhan DR Laser Technology Corp.,Ltd Approves Cash Dividend for the Year 2021 Wuhan DR Laser Technology Corp.,Ltd at its Annual General Meeting of 2021 held on 20 May 2022, approved cash dividend/10 shares (tax included) of CNY 7.50000000 for the year 2021. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥201, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 76% over the past year. Announcement • Apr 28
Wuhan Dr Laser Technology Corp.,Ltd Proposes Final Cash Dividend for the Year 2021 Wuhan DR Laser Technology Corp.,Ltd proposed final cash dividend (tax included) of CNY 7.500000 per 10 shares for the year 2021. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.87 (up from CN¥0.70 in 1Q 2021). Revenue: CN¥310.6m (up 13% from 1Q 2021). Net income: CN¥93.0m (up 26% from 1Q 2021). Profit margin: 30% (up from 27% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 51%, compared to a 24% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target increased to CN¥220 Up from CN¥196, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥185. Stock is up 62% over the past year. The company is forecast to post earnings per share of CN¥3.84 for next year compared to CN¥3.53 last year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fan Zhu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥194, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 69% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥91.27 per share. Price Target Changed • Apr 01
Price target increased to CN¥220 Up from CN¥196, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥228. Stock is up 102% over the past year. The company is forecast to post earnings per share of CN¥3.86 for next year compared to CN¥3.53 last year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥244, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 104% over the past year. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥225, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 77% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥90.16 per share. Board Change • Nov 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Fan Zhu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.98 (vs CN¥0.86 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥326.2m (up 33% from 2Q 2020). Net income: CN¥104.3m (up 16% from 2Q 2020). Profit margin: 32% (down from 37% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥179, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥165, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 65% over the past year. 
