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Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd XSSC:600363 Stock Report

Last Price

CN¥16.85

Market Cap

CN¥7.7b

7D

-17.1%

1Y

-25.8%

Updated

29 Apr, 2022

Data

Company Financials
600363 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

600363 Stock Overview

Jiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd develops, manufactures, and sells LED photoelectric materials, LED optoelectronic devices, LED backlight products, LED lighting products, controllers, and wires and cables in China.

Rewards

PE ratio (32.9x) is below the Semiconductor industry average (41.5x)

Risk Analysis

No risks detected for 600363 from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd
Historical stock prices
Current Share PriceCN¥16.85
52 Week HighCN¥40.10
52 Week LowCN¥14.85
Beta0.72
1 Month Change-34.15%
3 Month Change-31.50%
1 Year Change-25.77%
3 Year Change76.63%
5 Year Change23.72%
Change since IPO50.99%

Recent News & Updates

Shareholder Returns

600363CN SemiconductorCN Market
7D-17.1%0.9%-1.7%
1Y-25.8%0.6%-16.3%

Return vs Industry: 600363 underperformed the CN Semiconductor industry which returned -3.1% over the past year.

Return vs Market: 600363 underperformed the CN Market which returned -19.2% over the past year.

Price Volatility

Is 600363's price volatile compared to industry and market?
600363 volatility
600363 Average Weekly Movement7.9%
Semiconductor Industry Average Movement7.8%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.2%

Stable Share Price: 600363 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 600363's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19996,216Zhongyu Lihttps://www.lianovation.com.cn

Jiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd develops, manufactures, and sells LED photoelectric materials, LED optoelectronic devices, LED backlight products, LED lighting products, controllers, and wires and cables in China. It offers LED photoelectric materials, such as LED chips, SMD LEDs, IR epitaxial wafers, and IR chips; and LED optoelectronic devices, including infrared devices, LED digital tubes, LAMP light-emitting diodes, LED digital display modules, and LED FET package devices. The company also provides LED backlight products that include color, car, and industrial backlight products; and LED lighting products comprising outdoor and indoor screens, as well as landscape, indoor, and outdoor lighting products.

Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd Fundamentals Summary

How do Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd's earnings and revenue compare to its market cap?
600363 fundamental statistics
Market CapCN¥7.67b
Earnings (TTM)CN¥233.15m
Revenue (TTM)CN¥3.74b

32.9x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600363 income statement (TTM)
RevenueCN¥3.74b
Cost of RevenueCN¥3.23b
Gross ProfitCN¥510.46m
Other ExpensesCN¥277.30m
EarningsCN¥233.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin13.64%
Net Profit Margin6.23%
Debt/Equity Ratio25.0%

How did 600363 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


32.92x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 600363 (CN¥16.85) is trading above our estimate of fair value (CN¥0.96)

Significantly Below Fair Value: 600363 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600363 is good value based on its PE Ratio (32.9x) compared to the CN Semiconductor industry average (41.5x).

PE vs Market: 600363 is poor value based on its PE Ratio (32.9x) compared to the CN market (26.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600363's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600363 is good value based on its PB Ratio (2.3x) compared to the CN Semiconductor industry average (3.9x).


Future Growth

How is Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.3%

Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600363 has high quality earnings.

Growing Profit Margin: 600363's current net profit margins (6.2%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: 600363's earnings have grown by 9.5% per year over the past 5 years.

Accelerating Growth: 600363's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600363 had negative earnings growth (-25%) over the past year, making it difficult to compare to the Semiconductor industry average (68.6%).


Return on Equity

High ROE: 600363's Return on Equity (7.3%) is considered low.


Financial Health

How is Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600363's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.3B).

Long Term Liabilities: 600363's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥433.4M).


Debt to Equity History and Analysis

Debt Level: 600363's net debt to equity ratio (4.7%) is considered satisfactory.

Reducing Debt: 600363's debt to equity ratio has reduced from 27.2% to 25% over the past 5 years.

Debt Coverage: 600363's debt is well covered by operating cash flow (27%).

Interest Coverage: 600363 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600363's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.61%).

High Dividend: 600363's dividend (0.34%) is low compared to the top 25% of dividend payers in the CN market (2.38%).


Stability and Growth of Payments

Stable Dividend: 600363's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600363's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.1%), 600363's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (75.9%), 600363's dividend payments are covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average board tenure


CEO

Zhongyu Li (48 yo)

no data

Tenure

Mr. Zhongyu Li is President & Director of Jiangxi Lianchuang Opto-Electronic Science & Technology Co.,Ltd. He was Chairman of the Supervisory Board of Jiangxi Lianchuang Opto-Electronic Science & Technolog...


Board Members

Experienced Board: 600363's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Jiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd
  • Ticker: 600363
  • Exchange: XSSC
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CN¥7.675b
  • Shares outstanding: 455.48m
  • Website: https://www.lianovation.com.cn

Number of Employees


Location

  • Jiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd
  • No. 168 Jingdong Avenue
  • High-Tech Development Zone
  • Nanchang
  • Jiangxi Province
  • 330096
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/29 00:00
End of Day Share Price2022/04/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.