New Risk • May 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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 Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Announcement • Apr 13
MLOptic Corp., Annual General Meeting, May 08, 2026 MLOptic Corp., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: No. 398, Pugang Street, Jiangning Development Zone, Nanjing, Jiangsu China Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CN¥0.88 (vs CN¥0.68 in FY 2024) Full year 2025 results: EPS: CN¥0.88 (up from CN¥0.68 in FY 2024). Revenue: CN¥691.0m (up 37% from FY 2024). Net income: CN¥46.3m (up 30% from FY 2024). Profit margin: 6.7% (down from 7.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 30
MLOptic Corp. to Report Q1, 2026 Results on Apr 30, 2026 MLOptic Corp. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Feb 24
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 7.4% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). New Risk • Feb 22
New major risk - Revenue and earnings growth Earnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Dec 26
MLOptic Corp. to Report Fiscal Year 2025 Results on Apr 11, 2026 MLOptic Corp. announced that they will report fiscal year 2025 results on Apr 11, 2026 Board Change • Dec 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 3 highly experienced directors. Deputy GM, Director & Chief Engineer Zhiping Song is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥184.2m (up 37% from 3Q 2024). Net income: CN¥12.9m (up 45% from 3Q 2024). Profit margin: 7.0% (up from 6.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Announcement • Sep 30
MLOptic Corp. to Report Q3, 2025 Results on Oct 31, 2025 MLOptic Corp. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Aug 28
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 8.8% 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 Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (31% accrual ratio). Announcement • Jun 30
MLOptic Corp. to Report First Half, 2025 Results on Aug 30, 2025 MLOptic Corp. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 05
First quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.081 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.081 in 1Q 2024). Revenue: CN¥142.2m (up 28% from 1Q 2024). Net income: CN¥16.6m (up 289% from 1Q 2024). Profit margin: 12% (up from 3.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. New Risk • Mar 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.1% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (34% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.1% net profit margin). Announcement • Mar 29
MLOptic Corp., Annual General Meeting, Apr 28, 2025 MLOptic Corp., Annual General Meeting, Apr 28, 2025, at 15:00 China Standard Time. Location: No. 398, Pugang Street, Jiangning Development Zone, Nanjing, Jiangsu China Announcement • Mar 28
MLOptic Corp. to Report Q1, 2025 Results on Apr 30, 2025 MLOptic Corp. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.80 (down from CN¥0.94 in FY 2023). Revenue: CN¥522.8m (up 14% from FY 2023). Net income: CN¥42.2m (down 9.7% from FY 2023). Profit margin: 8.1% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Dec 27
MLOptic Corp. to Report Fiscal Year 2024 Results on Mar 29, 2025 MLOptic Corp. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥134.2m (up 11% from 3Q 2023). Net income: CN¥8.92m (up 16% from 3Q 2023). Profit margin: 6.6% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Buy Or Sell Opportunity • Oct 09
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 48% to CN¥135. The fair value is estimated to be CN¥105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 55%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 146% in the next 2 years. New Risk • Sep 30
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 9.5% 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 Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). High level of non-cash earnings (55% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.3% net profit margin). Announcement • Sep 30
MLOptic Corp. to Report Q3, 2024 Results on Oct 26, 2024 MLOptic Corp. announced that they will report Q3, 2024 results on Oct 26, 2024 Buy Or Sell Opportunity • Aug 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to CN¥82.70. The fair value is estimated to be CN¥106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 53%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 110% in the next 2 years. New Risk • Aug 02
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 9.0% 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 Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. High level of non-cash earnings (52% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (8.3% net profit margin). Announcement • Jun 29
MLOptic Corp. to Report First Half, 2024 Results on Aug 31, 2024 MLOptic Corp. announced that they will report first half, 2024 results on Aug 31, 2024 Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Supervisor Haiyan Chen was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.35 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.35 in 1Q 2023). Revenue: CN¥110.9m (down 11% from 1Q 2023). Net income: CN¥4.28m (down 69% from 1Q 2023). Profit margin: 3.9% (down from 11% in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Mar 29
MLOptic Corp. to Report Q1, 2024 Results on Apr 27, 2024 MLOptic Corp. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Mar 28
MLOptic Corp., Annual General Meeting, Apr 22, 2024 MLOptic Corp., Annual General Meeting, Apr 22, 2024, at 15:00 China Standard Time. Location: No. 398, Pugang Street, Jiangning Development Zone, Nanjing, Jiangsu China Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.94 (down from CN¥1.49 in FY 2022). Revenue: CN¥458.0m (up 4.4% from FY 2022). Net income: CN¥46.7m (down 21% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥0.98 (vs CN¥1.49 in FY 2022) Full year 2023 results: EPS: CN¥0.98 (down from CN¥1.49 in FY 2022). Revenue: CN¥453.9m (up 3.5% from FY 2022). Net income: CN¥48.6m (down 18% from FY 2022). Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.42 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.42 in 3Q 2022). Revenue: CN¥120.6m (up 4.0% from 3Q 2022). Net income: CN¥7.71m (down 53% from 3Q 2022). Profit margin: 6.4% (down from 14% in 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 25
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.28. Net income: CN¥14.6m (up CN¥14.6m from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Announcement • Jun 28
MLOptic Corp. to Report First Half, 2023 Results on Aug 25, 2023 MLOptic Corp. announced that they will report first half, 2023 results on Aug 25, 2023 Board Change • Mar 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Hongwei Le was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.