Jiangxi Lianchuang Opto-Electronic Science&TechnologyLtd (XSSC:600363) - Share price, News & Analysis

600363 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

600363 Stock Overview

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 Price	CN¥16.85
52 Week High	CN¥40.10
52 Week Low	CN¥14.85
Beta	0.72
1 Month Change	-34.15%
3 Month Change	-31.50%
1 Year Change	-25.77%
3 Year Change	76.63%
5 Year Change	23.72%
Change since IPO	50.99%

Shareholder Returns

	600363	CN Semiconductor	CN 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 Movement	7.9%
Semiconductor Industry Average Movement	7.8%
Market Average Movement	7.2%
10% most volatile stocks in CN Market	10.2%
10% least volatile stocks in CN Market	5.2%

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

Founded	Employees	CEO	Website
1999	6,216	Zhongyu Li	https://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 Cap	CN¥7.67b
Earnings (TTM)	CN¥233.15m
Revenue (TTM)	CN¥3.74b

32.9x

P/E Ratio

2.1x

P/S Ratio

Is 600363 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
600363 income statement (TTM)
Revenue	CN¥3.74b
Cost of Revenue	CN¥3.23b
Gross Profit	CN¥510.46m
Other Expenses	CN¥277.30m
Earnings	CN¥233.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.51
Gross Margin	13.64%
Net Profit Margin	6.23%
Debt/Equity Ratio	25.0%

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

Explore strong dividend paying companies in the Semiconductors industry.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/04/29 00:00
End of Day Share Price	2022/04/28 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31