Board Change • Apr 29
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hongyu Yu was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • Apr 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥8.65. The fair value is estimated to be CN¥10.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 125%. Major Estimate Revision • Apr 14
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥22.3b to CN¥19.9b. EPS estimate unchanged from CN¥0.06 per share at last update. Electronic industry in China expected to see average net income growth of 50% next year. Consensus price target of CN¥8.80 unchanged from last update. Share price rose 9.5% to CN¥9.47 over the past week. Announcement • Apr 02
OFILM Group Co., Ltd., Annual General Meeting, Apr 22, 2026 OFILM Group Co., Ltd., Annual General Meeting, Apr 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CN¥0.013 (vs CN¥0.018 in FY 2024) Full year 2025 results: EPS: CN¥0.013 (down from CN¥0.018 in FY 2024). Revenue: CN¥22.1b (up 8.4% from FY 2024). Net income: CN¥41.6m (down 29% from FY 2024). Profit margin: 0.2% (down from 0.3% in FY 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
OFILM Group Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 OFILM Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Price Target Changed • Mar 24
Price target decreased by 10% to CN¥8.80 Down from CN¥9.80, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥8.70. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.013 for next year compared to CN¥0.018 last year. Announcement • Dec 31
OFILM Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 02, 2026 OFILM Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 02, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.012 (up from CN¥0.002 in 3Q 2024). Revenue: CN¥5.98b (up 21% from 3Q 2024). Net income: CN¥40.8m (up 412% from 3Q 2024). Profit margin: 0.7% (up from 0.2% in 3Q 2024). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 65%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
OFILM Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 OFILM Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: CN¥0.015 loss per share (down from CN¥0.007 profit in 2Q 2024). Revenue: CN¥4.96b (up 1.3% from 2Q 2024). Net loss: CN¥49.9m (down 315% from profit in 2Q 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.0% 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 102% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 16
Price target decreased by 8.5% to CN¥9.35 Down from CN¥10.22, the current price target is an average from 2 analysts. New target price is 22% below last closing price of CN¥11.93. Stock is up 46% over the past year. The company is forecast to post earnings per share of CN¥0.12 for next year compared to CN¥0.018 last year. Announcement • Jul 02
OFILM Group Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 OFILM Group Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released: CN¥0.018 loss per share (vs CN¥0.005 profit in 1Q 2024) First quarter 2025 results: CN¥0.018 loss per share (down from CN¥0.005 profit in 1Q 2024). Revenue: CN¥4.88b (up 5.1% from 1Q 2024). Net loss: CN¥58.9m (down 471% from profit in 1Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Apr 16
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. 1 experienced director. 2 highly experienced directors. Employee Representative Supervisor Yong Hui Luo 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. Major Estimate Revision • Apr 12
Consensus revenue estimates increase by 17% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥26.3b to CN¥30.6b. EPS estimate increased from CN¥0.275 to CN¥0.47 per share. Net income forecast to grow 2,588% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥10.46 to CN¥10.22. Share price was steady at CN¥12.23 over the past week. Reported Earnings • Apr 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.018 (down from CN¥0.024 in FY 2023). Revenue: CN¥20.4b (up 21% from FY 2023). Net income: CN¥58.4m (down 24% from FY 2023). Profit margin: 0.3% (down from 0.5% in FY 2023). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 83%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Apr 02
OFILM Group Co., Ltd., Annual General Meeting, Apr 25, 2025 OFILM Group Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Announcement • Mar 31
OFILM Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 OFILM Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Price Target Changed • Mar 06
Price target increased by 10% to CN¥9.29 Up from CN¥8.43, the current price target is an average from 3 analysts. New target price is 33% below last closing price of CN¥13.90. Stock is up 53% over the past year. The company is forecast to post earnings per share of CN¥0.11 for next year compared to CN¥0.024 last year. New Risk • Jan 10
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 11% 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 Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Dec 31
OFILM Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 02, 2025 OFILM Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 02, 2025 Major Estimate Revision • Nov 25
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥20.5b to CN¥22.2b. EPS estimate fell from CN¥0.161 to CN¥0.131 per share. Net income forecast to grow 84% next year vs 50% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥8.43. Share price fell 3.0% to CN¥14.56 over the past week. Major Estimate Revision • Nov 06
Consensus revenue estimates decrease by 11%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥23.0b to CN¥20.5b. EPS estimate increased from CN¥0.173 to CN¥0.20 per share. Net income forecast to grow 96% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥8.25 to CN¥8.45. Share price rose 3.5% to CN¥16.60 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.002 (vs CN¥0.017 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.002 (down from CN¥0.017 in 3Q 2023). Revenue: CN¥4.94b (up 9.6% from 3Q 2023). Net income: CN¥7.97m (down 85% from 3Q 2023). Profit margin: 0.2% (down from 1.2% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 10
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥20.9b to CN¥23.0b. EPS estimate unchanged from CN¥0.23 at last update. Electronic industry in China expected to see average net income growth of 53% next year. Consensus price target of CN¥8.25 unchanged from last update. Share price fell 2.2% to CN¥9.73 over the past week. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.95, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. Announcement • Sep 30
OFILM Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 OFILM Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 06
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 6.9% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥22.4b to CN¥20.9b. EPS estimate also fell from CN¥0.20 per share to CN¥0.173 per share. Net income forecast to grow 55% next year vs 54% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥8.25. Share price rose 2.6% to CN¥8.33 over the past week. Reported Earnings • Aug 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.001 in 2Q 2023). Revenue: CN¥4.89b (up 35% from 2Q 2023). Net income: CN¥23.2m (up 429% from 2Q 2023). Profit margin: 0.5% (up from 0.1% in 2Q 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 83%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
OFILM Group Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 OFILM Group Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Major Estimate Revision • Jun 14
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥18.7b to CN¥22.4b. EPS estimate increased from CN¥0.131 to CN¥0.20 per share. Net income forecast to grow 56% next year vs 58% growth forecast for Electronic industry in China. Consensus price target down from CN¥9.35 to CN¥8.18. Share price rose 4.6% to CN¥8.04 over the past week. Price Target Changed • Jun 13
Price target decreased by 12% to CN¥8.18 Down from CN¥9.35, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥7.92. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.024 last year. Board Change • Jun 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hongyu Yu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
OFILM Group Co., Ltd., Annual General Meeting, May 15, 2024 OFILM Group Co., Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.024 (up from CN¥1.59 loss in FY 2022). Revenue: CN¥16.9b (up 14% from FY 2022). Net income: CN¥76.9m (up CN¥5.26b from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Apr 03
Price target increased by 8.9% to CN¥9.05 Up from CN¥8.31, the current price target is an average from 3 analysts. New target price is 11% below last closing price of CN¥10.17. Stock is up 90% over the past year. The company is forecast to post earnings per share of CN¥0.03 next year compared to a net loss per share of CN¥1.59 last year. Announcement • Mar 30
OFILM Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 OFILM Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Price Target Changed • Mar 11
Price target decreased by 8.4% to CN¥8.06 Down from CN¥8.80, the current price target is an average from 4 analysts. New target price is 17% below last closing price of CN¥9.75. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥0.03 next year compared to a net loss per share of CN¥1.59 last year. Announcement • Dec 29
OFILM Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 OFILM Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Major Estimate Revision • Nov 12
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥15.8b to CN¥16.6b. Forecast to become profitable, with EPS estimate increasing from -CN¥0.1281 to CN¥0.0018 per share. Electronic industry in China expected to see average net income growth of 66% next year. Consensus price target up from CN¥5.72 to CN¥8.24. Share price was steady at CN¥11.04 over the past week. Price Target Changed • Nov 07
Price target increased by 24% to CN¥7.08 Up from CN¥5.72, the current price target is an average from 5 analysts. New target price is 39% below last closing price of CN¥11.65. Stock is up 108% over the past year. The company is forecast to post a net loss per share of CN¥0.20 next year compared to a net loss per share of CN¥1.59 last year. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.017 (up from CN¥0.74 loss in 3Q 2022). Revenue: CN¥4.50b (up 48% from 3Q 2022). Net income: CN¥54.3m (up CN¥2.46b from 3Q 2022). Profit margin: 1.2% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% 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 fallen by 36% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Oct 19
Consensus EPS estimates upgraded to CN¥0.20 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CN¥0.285 to -CN¥0.20 per share. Revenue forecast steady at CN¥15.8b. Electronic industry in China expected to see average net income growth of 61% next year. Consensus price target broadly unchanged at CN¥5.72. Share price rose 13% to CN¥10.57 over the past week. New Risk • Oct 10
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 6.2% 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. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥16.5b to CN¥16.8b. Forecast EPS reduced from -CN¥0.231 to -CN¥0.285 per share. Electronic industry in China expected to see average net income growth of 62% next year. Consensus price target broadly unchanged at CN¥5.45. Share price rose 9.9% to CN¥5.78 over the past week. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.21 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.001 (up from CN¥0.21 loss in 2Q 2022). Revenue: CN¥3.62b (up 14% from 2Q 2022). Net income: CN¥4.39m (up CN¥691.9m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 29
Consensus EPS estimates upgraded to CN¥0.23 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -CN¥0.274 to -CN¥0.231 per share. Revenue forecast steady at CN¥16.5b. Electronic industry in China expected to see average net income growth of 58% next year. Consensus price target broadly unchanged at CN¥5.40. Share price was steady at CN¥5.74 over the past week. Announcement • Jul 01
OFILM Group Co., Ltd. to Report First Half, 2023 Results on Aug 23, 2023 OFILM Group Co., Ltd. announced that they will report first half, 2023 results on Aug 23, 2023 Major Estimate Revision • May 10
Consensus EPS estimates fall by 58% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥17.6b to CN¥16.5b. Losses expected to increase from CN¥0.08 per share to CN¥0.13. Electronic industry in China expected to see average net income growth of 49% next year. Consensus price target of CN¥5.34 unchanged from last update. Share price rose 4.0% to CN¥4.96 over the past week. Board Change • Nov 16
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. 9 experienced directors. 3 highly experienced directors. GM & Supervisor Li Xuan was the last 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: Insufficient board refreshment. Major Estimate Revision • Nov 06
Consensus revenue estimates fall by 19% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥17.6b to CN¥14.3b. Forecast losses increased from -CN¥0.35 to -CN¥1.16 per share. Electronic industry in China expected to see average net income growth of 51% next year. Consensus price target broadly unchanged at CN¥5.94. Share price fell 4.6% to CN¥4.95 over the past week. Reported Earnings • Oct 31
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: CN¥0.74 loss per share (further deteriorated from CN¥0.025 loss in 3Q 2021). Revenue: CN¥3.05b (down 44% from 3Q 2021). Net loss: CN¥2.41b (loss widened CN¥2.33b from 3Q 2021). Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 8.9% 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, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Sep 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -CN¥0.22 to -CN¥0.34 per share. Revenue forecast unchanged at CN¥17.2b. Electronic industry in China expected to see average net income growth of 47% next year. Consensus price target broadly unchanged at CN¥6.30. Share price was steady at CN¥6.16 over the past week. Reported Earnings • Sep 02
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CN¥0.21 loss per share (down from CN¥0.016 loss in 2Q 2021). Revenue: CN¥3.18b (down 27% from 2Q 2021). Net loss: CN¥687.5m (loss widened CN¥644.2m from 2Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -CN¥0.19 to -CN¥0.22 per share. Revenue forecast unchanged at CN¥18.9b. Electronic industry in China expected to see average net income growth of 43% next year. Consensus price target broadly unchanged at CN¥6.38. Share price rose 3.1% to CN¥6.04 over the past week. Major Estimate Revision • Jul 26
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥19.2b to CN¥19.0b. Losses expected to increase from CN¥0.13 per share to CN¥0.14. Electronic industry in China expected to see average net income growth of 43% next year. Consensus price target broadly unchanged at CN¥6.46. Share price fell 2.8% to CN¥5.86 over the past week. Major Estimate Revision • Jun 25
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥20.9b to CN¥20.2b. Losses expected to increase from CN¥0.11 per share to CN¥0.13. Electronic industry in China expected to see average net income growth of 42% next year. Consensus price target down from CN¥6.52 to CN¥6.34. Share price was steady at CN¥5.94 over the past week. Major Estimate Revision • May 16
Consensus estimates of losses per share improve by 19% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥19.9b to CN¥21.7b. EPS estimate increased from -CN¥0.12 per share to -CN¥0.10 per share. Electronic industry in China expected to see average net income growth of 44% next year. Consensus price target down from CN¥7.26 to CN¥6.84. Share price rose 2.8% to CN¥5.59 over the past week. Announcement • May 07
OFILM Group Co., Ltd., Annual General Meeting, May 23, 2022 OFILM Group Co., Ltd., Annual General Meeting, May 23, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors ; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 internal control self-evaluation report; to consider 2021 profit distribution plan; to consider Reappointment of audit firm; to consider 2021 provision for assets impairment; to consider 2022 remuneration plan for directors; and to consider other related matters. Price Target Changed • May 05
Price target decreased to CN¥7.33 Down from CN¥7.92, the current price target is an average from 7 analysts. New target price is 32% above last closing price of CN¥5.54. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥0.22 next year compared to a net loss per share of CN¥0.91 last year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.057 loss per share (down from CN¥0.029 profit in 1Q 2021). Revenue: CN¥4.59b (down 38% from 1Q 2021). Net loss: CN¥186.3m (down 341% from profit in 1Q 2021). Revenue missed analyst estimates by 37%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 33%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 12 experienced directors. No highly experienced directors. GM & Supervisor Li Xuan was the last 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: Insufficient board refreshment. Price Target Changed • Dec 17
Price target increased to CN¥7.81 Up from CN¥7.22, the current price target is an average from 8 analysts. New target price is 10% below last closing price of CN¥8.72. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.026 next year compared to a net loss per share of CN¥0.72 last year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.025 loss per share (vs CN¥0.088 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥5.46b (down 60% from 3Q 2020). Net loss: CN¥74.3m (down 131% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Sep 24
Price target decreased to CN¥7.51 Down from CN¥9.76, the current price target is an average from 8 analysts. New target price is 9.3% below last closing price of CN¥8.27. Stock is down 42% over the past year. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.016 loss per share (vs CN¥0.13 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥4.38b (down 68% from 2Q 2020). Net loss: CN¥43.3m (down 112% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 05
Price target decreased to CN¥11.53 Down from CN¥13.33, the current price target is an average from 9 analysts. New target price is 32% above last closing price of CN¥8.73. Stock is down 48% over the past year. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.052 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥7.37b (down 25% from 1Q 2020). Net income: CN¥77.2m (down 45% from 1Q 2020). Profit margin: 1.0% (down from 1.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 02
Price target decreased to CN¥13.98 Down from CN¥15.28, the current price target is an average from 8 analysts. New target price is 61% above last closing price of CN¥8.67. Stock is down 39% over the past year. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥8.93, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.34 per share. Major Estimate Revision • Mar 18
Consensus revenue estimates fall to CN¥40.3b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥56.3b to CN¥40.3b. EPS estimate fell from CN¥0.69 to CN¥0.38 per share. Net income forecast to grow 16% next year vs 40% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥15.42. Share price fell 17% to CN¥8.93 over the past week. Announcement • Mar 09
OFILM Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 OFILM Group Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 16%, compared to a 31% growth forecast for the Electronic industry in China. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.19 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥48.4b (down 6.9% from FY 2019). Net income: CN¥880.5m (up 73% from FY 2019). Profit margin: 1.8% (up from 1.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 29
Price target lowered to CN¥16.68 Down from CN¥18.29, the current price target is an average from 12 analysts. The new target price is 62% above the current share price of CN¥10.28. As of last close, the stock is down 43% over the past year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥10.13, the stock is trading at a trailing P/E ratio of 25.4x, down from the previous P/E ratio of 32.4x. This compares to an average P/E of 40x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 43%. Price Target Changed • Jan 26
Price target lowered to CN¥17.01 Down from CN¥18.29, the current price target is an average from 13 analysts. The new target price is 51% above the current share price of CN¥11.24. As of last close, the stock is down 37% over the past year. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥11.88 The company is down 22% from its price of CN¥15.27 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥42.92 per share. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥14.17 The company is down 7.0% from its price of CN¥15.26 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.60 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue and earnings miss expectations Third-quarter revenue missed analyst estimates by 0.8% at CN¥13.6b. Earnings per share (EPS) also missed analyst estimates by 40% at CN¥0.08. Revenue is forecast to grow 13% over the next year, compared to a 30% growth forecast for the Electronic industry in China. Announcement • Oct 20
OFILM Group Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 OFILM Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020