Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.37, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 70x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.099 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.099 in 1Q 2025). Revenue: CN¥887.8m (up 7.5% from 1Q 2025). Net income: CN¥39.3m (up 7.9% from 1Q 2025). Profit margin: 4.4% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.66, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 62x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Mar 31
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.68 (up from CN¥0.32 in FY 2024). Revenue: CN¥4.16b (up 14% from FY 2024). Net income: CN¥251.9m (up 116% from FY 2024). Profit margin: 6.1% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Mar 31
Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, May 08, 2026 Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥20.65, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 54x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years. New Risk • Mar 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 8.0% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Dec 31
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.079 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.079 in 3Q 2024). Revenue: CN¥1.05b (up 14% from 3Q 2024). Net income: CN¥69.0m (up 139% from 3Q 2024). Profit margin: 6.6% (up from 3.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥20.10, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 59x in the Electronic industry in China. Total returns to shareholders of 124% over the past three years. New Risk • Oct 07
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 Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin). Announcement • Sep 30
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Q3, 2025 Results on Oct 22, 2025 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025 Announcement • Sep 25
Shenzhen Absen Optoelectronic Co.,Ltd. Approves Interim Cash Dividend for 2025 Shenzhen Absen Optoelectronic Co.,Ltd. at the Extraordinary General Meeting of 2025 on 23 September 2025 approved 2025 interim profit distribution plan of cash dividend per 10 shares (tax included) of CNY 2.00000000. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥15.19, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 59x in the Electronic industry in China. Total returns to shareholders of 55% over the past three years. New Risk • Sep 01
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 7.5% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.049 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.22 (up from CN¥0.049 in 2Q 2024). Revenue: CN¥993.0m (up 6.3% from 2Q 2024). Net income: CN¥79.7m (up 348% from 2Q 2024). Profit margin: 8.0% (up from 1.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jul 02
Shenzhen Absen Optoelectronic Co.,Ltd. to Report First Half, 2025 Results on Aug 05, 2025 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report first half, 2025 results on Aug 05, 2025 Declared Dividend • May 24
Dividend reduced to CN¥0.15 Dividend of CN¥0.15 is 50% lower than last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.6% EPS decline seen over the last 5 years. New Risk • Apr 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% 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: Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin). New Risk • Apr 07
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 7.9% 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: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥8.80, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 48x in the Electronic industry in China. Total returns to shareholders of 6.2% over the past three years. Announcement • Apr 02
Shenzhen Absen Optoelectronic Co.,Ltd. Announces Profit Distribution Proposal for 2024 Shenzhen Absen Optoelectronic Co.,Ltd. announced on 01 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.87 in FY 2023) Full year 2024 results: EPS: CN¥0.32 (down from CN¥0.87 in FY 2023). Revenue: CN¥3.66b (down 8.6% from FY 2023). Net income: CN¥116.9m (down 63% from FY 2023). Profit margin: 3.2% (down from 7.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, Apr 25, 2025 Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, Apr 25, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.87 in FY 2023) Full year 2024 results: EPS: CN¥0.32 (down from CN¥0.87 in FY 2023). Revenue: CN¥3.67b (down 8.5% from FY 2023). Net income: CN¥117.3m (down 63% from FY 2023). Profit margin: 3.2% (down from 7.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Dec 31
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.079 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.079 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥919.8m (down 2.7% from 3Q 2023). Net income: CN¥28.9m (down 62% from 3Q 2023). Profit margin: 3.1% (down from 8.1% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥11.21, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 59% over the past three years. 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 7.2% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Sep 30
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.31, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 43% over the past three years. New Risk • Aug 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% 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 Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Dividend is not well covered by cash flows (100% cash payout ratio). Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.049 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥933.7m (up 5.8% from 2Q 2023). Net income: CN¥17.8m (down 72% from 2Q 2023). Profit margin: 1.9% (down from 7.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jiuli Zhao was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Shenzhen Absen Optoelectronic Co.,Ltd. to Report First Half, 2024 Results on Aug 06, 2024 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report first half, 2024 results on Aug 06, 2024 Declared Dividend • May 20
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 22nd May 2024 Payment date: 22nd May 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 10% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.22 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.22 in 1Q 2023). Revenue: CN¥864.4m (up 22% from 1Q 2023). Net income: CN¥71.0m (down 10% from 1Q 2023). Profit margin: 8.2% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 50% p.a. on average during the next 2 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 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.87 (up from CN¥0.60 in FY 2022). Revenue: CN¥4.01b (up 43% from FY 2022). Net income: CN¥315.7m (up 56% from FY 2022). Profit margin: 7.9% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 45% 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 96% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Apr 17
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Apr 16
Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, May 07, 2024 Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, May 07, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥14.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 111% over the past three years. Announcement • Mar 30
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.89 (vs CN¥0.60 in FY 2022) Full year 2023 results: EPS: CN¥0.89 (up from CN¥0.60 in FY 2022). Revenue: CN¥4.04b (up 45% from FY 2022). Net income: CN¥322.6m (up 59% from FY 2022). Profit margin: 8.0% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Feb 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 8.6% 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. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥13.02, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 101% over the past three years. Announcement • Dec 30
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.34, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 85% over the past three years. Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.094 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.094 in 3Q 2022). Revenue: CN¥945.6m (up 39% from 3Q 2022). Net income: CN¥76.6m (up 138% from 3Q 2022). Profit margin: 8.1% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 47% 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 99% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥19.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 89%. Revenue is forecast to grow by 161% in 2 years. Earnings is forecast to grow by 123% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.68, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years. Announcement • Jul 01
Shenzhen Absen Optoelectronic Co.,Ltd. to Report First Half, 2023 Results on Aug 01, 2023 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report first half, 2023 results on Aug 01, 2023 Announcement • May 12
Shenzhen Absen Optoelectronic Co.,Ltd. Announces Final Dividend for 2022, Payable on 17 May 2023 Shenzhen Absen Optoelectronic Co.,Ltd. announced final cash dividend of CNY 3.00000000 per 10 shares (tax included) for 2022. Record date is 16 May 2023. Ex-date is 17 May 2023. Payment date is 17 May 2023. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.53, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 109% over the past three years. Reported Earnings • Apr 25
First quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.062 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.062 in 1Q 2022). Revenue: CN¥709.3m (up 44% from 1Q 2022). Net income: CN¥79.1m (up 307% from 1Q 2022). Profit margin: 11% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 43% 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 65% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥15.82, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 70% over the past three years. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.59 (vs CN¥0.096 in FY 2021) Full year 2022 results: EPS: CN¥0.59 (up from CN¥0.096 in FY 2021). Revenue: CN¥2.80b (up 20% from FY 2021). Net income: CN¥200.2m (up CN¥170.3m from FY 2021). Profit margin: 7.2% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥10.99, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 3.1% over the past three years. Announcement • Dec 20
Shenzhen Absen Optoelectronic Co.,Ltd. Approves Board Appointments Shenzhen Absen Optoelectronic Co.,Ltd. announced that at the Extraordinary General Meeting on 16 December 2022, approved election of Zhao Yang as non-independent directors and Niu Yongning, Zheng Dan and Xie Chunhua as independent directors. 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. 3 experienced directors. 3 highly experienced directors. Deputy GM & Non-Independent Director Jiangbo Deng was the last director to join the board, commencing their role in 2001. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.094 (vs CN¥0.067 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.094 (up from CN¥0.067 loss in 3Q 2021). Revenue: CN¥679.3m (up 22% from 3Q 2021). Net income: CN¥32.2m (up CN¥53.2m from 3Q 2021). Profit margin: 4.7% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. 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 fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥10.47, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 2.9% over the past three years. Announcement • Aug 24
Shenzhen Absen Optoelectronic Co.,Ltd. Announces Cash Dividend for the Year 2021, Payment Date Is 29 August 2022 Shenzhen Absen Optoelectronic Co.,Ltd. announced for the year 2022 the cash dividend/10 shares (tax included) of CNY 15.00000000 for A shares. Record date is 26 August 2022. Ex-date is 29 August 2022. Payment date is 29 August 2022. Announcement • Aug 20
Shenzhen Absen Optoelectronic Co.,Ltd. Approves 2022 Interim Dividend Shenzhen Absen Optoelectronic Co.,Ltd. announced that it has approved dividend of CNY 15 per 10 shares for the 2022 interim period, at the 2nd Extraordinary General Meeting of 2022 held on 18 August 2022. Announcement • Aug 02
Shenzhen Absen Optoelectronic Co.,Ltd. Announces Profit Distribution Proposal for the First Half of 2022 Shenzhen Absen Optoelectronic Co.,Ltd. on 01 August 2022 the profit distribution proposal for the first half of 2022 cash dividend/10 shares (tax included) of CNY 15.00000000. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.041 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.18 (up from CN¥0.041 loss in 2Q 2021). Revenue: CN¥607.7m (up 27% from 2Q 2021). Net income: CN¥62.0m (up CN¥74.9m from 2Q 2021). Profit margin: 10% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 48%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Jul 24
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. 3 experienced directors. 3 highly experienced directors. Deputy GM & Non-Independent Director Jiangbo Deng was the last director to join the board, commencing their role in 2001. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.062 (vs CN¥0.08 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.062 (up from CN¥0.08 loss in 1Q 2021). Revenue: CN¥492.7m (up 34% from 1Q 2021). Net income: CN¥19.5m (up CN¥44.7m from 1Q 2021). Profit margin: 3.9% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Apr 02
Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, Apr 22, 2022 Shenzhen Absen Optoelectronic Co.,Ltd., Annual General Meeting, Apr 22, 2022, at 15:00 China Standard Time. Agenda: To consider the 2021 work report of the board of directors; to consider the 2021 work report of the supervisory committee; to consider the 2021 annual report and its summary; to consider the 2021 annual accounts; to consider the 2021 remuneration for directors and supervisors; to consider the 2022 remuneration plan for the chairman of the board; to consider the 2021 profit distribution plan; to consider the reappointment of 2022 audit firm; and to consider the application for credit line to financial institutions. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.091 (vs CN¥0.23 loss in FY 2020) Full year 2021 results: EPS: CN¥0.091 (up from CN¥0.23 loss in FY 2020). Revenue: CN¥2.33b (up 42% from FY 2020). Net income: CN¥28.6m (up CN¥99.7m from FY 2020). Profit margin: 1.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥0.091 (up from CN¥0.23 loss in FY 2020). Revenue: CN¥2.33b (up 42% from FY 2020). Net income: CN¥28.6m (up CN¥99.7m from FY 2020). Profit margin: 1.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 66%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Nov 25
Shenzhen Absen Optoelectronic Co.,Ltd. announced a financing transaction Shenzhen Absen Optoelectronic Co.,Ltd. announced a private placement of shares on November 24, 2021. The transaction has been approved by the Regulatory authority. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.067 loss per share (vs CN¥0.091 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥558.3m (up 70% from 3Q 2020). Net loss: CN¥21.0m (loss narrowed 27% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2021 earnings released: CN¥0.041 loss per share (vs CN¥0.002 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥477.2m (up 37% from 2Q 2020). Net loss: CN¥13.0m (down CN¥13.7m from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 11
Full year 2020 earnings released: CN¥0.23 loss per share (vs CN¥0.34 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.64b (down 25% from FY 2019). Net loss: CN¥71.1m (down 166% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% 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. Announcement • Mar 16
Absen Showcases its New-Gen MicroLED Display Technology and Three Other Innovative New Products On March 12, Absen held the spring launch event live to the global audience, showcasing Absen's new-gen MicroLED display technology and three other innovative new products. The iCon3.0 series, a product Absen has continued to develop, is the 3rd generation of iCon series and a professional solution focusing on the conferencing area. The Aurora Series with 10,000nits brightness, shines like aurora in the outdoor installation. And the transparent product series, JadeDragon, a highly transparent LED screen, is a perfect eyecatcher for the store with its high brightness. In November, Absen will launch their MicroLED of 0.5mm pitch product. With the advent of the 5G+8K ultra-high-definition intelligent micro-display,it also calls for the emergence of larger ultra-high-definition, seamless splicing panels, and MicroLED technology is bound to attract more and more attention. Absen icon3.0 is Absen's standard-sized conference display. After nearly two years of continuous iteration and upgrading, it now integrates a display control, intelligent system, and audio and video without any other traditional external devices in a simple and elegant design. One of its highlights is that it can be remote controlled, with features like one-touch switching, channel switching, screen switching and menu settings. It's simple and easy to use, just like a TV remote. The Aurora series is a new DOOH product with 10,000 nits high-brightness vision, it accurately grasps the customer needs and market trends. A key feature of this product, is that compared to traditional products, the weight is reduced by 50%, and electricity bills can be saved by nearly 40%. The JadeDragon series is Absen's new commercial display product. It is a light, thin and nearly transparent LED display designed for shopping malls, retail stores and other semi-outdoor curtain wall environment, with excellent heat dissipation performance, durability and a transparency rate of over 80%. Absen will hold a new product launch conference in September 2021. Reported Earnings • Mar 04
Full year 2020 earnings released: CN¥0.23 loss per share (vs CN¥0.34 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.62b (down 26% from FY 2019). Net loss: CN¥73.7m (down 169% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% 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. Announcement • Feb 20
Shenzhen Absen Optoelectronic Co.,Ltd. Improves Meetings and Presentations Further with the New Absenicon 3.0 Shenzhen Absen Optoelectronic Co.,Ltd. announced that it improves meetings and presentations further with the new Absenicon 3.0. The new Absenicon 3.0 is an all-in-one conference LED display product for meetings and presentations. This new improved version was designed to be the perfect visual solution for high-end meeting rooms, lecture halls and auditoriums in corporate, government, education and other indoor environments which require a reliable and visually stunning display for effective communication. With a 5mm frame and shallow 28.5mm screen depth, the Absenicon 3.0 boasts a slim design and an impressive 94% screen-to-body ratio, which provides superb and virtually seamless large-format images. With adjustable brightness levels from 0 to 350nits, the Absenicon 3.0 is perfectly adapted to open and bright spaces. Featuring a colour gamut of 110% and a contrast ratio of 5000:1, the Absenicon 3.0 is able to display detailed content with accurate and vivid colours. In addition, the 160° ultra-wide viewing angle enables attendees to benefit from enhanced meeting efficiency and productivity. Absenicon's all-in-one design integrates a complete control, operation and sound system, thus avoiding the need for any traditional control box and video processor. Its hidden cable design also presents a sleek and clean finish to the whole screen. Featuring a new smart control system, operating the Absenicon 3.0 is as easy as watching TV. Its remote control allows users to easily turn the screen on and off, switch the digital channels and adjust the screen brightness and the On Screen Display menu settings. The Absenicon 3.0 supports dual systems including the Android 8.0 and Windows 10 O.S. By scanning a QR code, people can share the content of a computer, smartphone or tablet while taking notes on these devices during a conference. The Absenicon 3.0 is able to share four screens simultaneously and present different creative ideas all at once. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥8.23 The company is down 36% from its price of CN¥12.78 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Announcement • Jan 29
Absen Deliver Overwhelming LED Display Solutions for Kaisa Prosperity Kaisa Prosperity utilized digital signage technology from Absen to unlock the full potential of Guangzhou Kaisa Baiyun City Plaza, its newly developed premises. Absen, the leading LED display manufacturer, worked with Jiake Intelligent, a company well experienced in providing advanced intelligent solutions, to customize a complete suite of breath-taking LED solutions for the new property. The stunning Absen LED displays were installed inside and out of the sales center on the Guangzhou Baiyun Kaisa City Plaza, including a customized 3D naked-eye OOH display, a bespoke immersive LED cave, a seamless LED video wall and four LED strips in the hall inside the building. Mounted on the exterior of the building, the custom trapezoid-shaped LED wall of 274.89sqm has become an integral part of the whole building. With creative 3D content, it has transformed the building into a unique landmark with a combination of art and technology. Entering the sales center, visitors will get astounded by the innovative LED strips mounted on the ceiling above the architectural model and the large-format LED video wall. The videowall playing images and commercials of Kaisa Prosperity communicates the real estate information. The LED strips, visually intermingled in a picturesque disorder, are playing various content such as floral images, creating a relaxing atmosphere. Having delivered multiple LED cave solutions successfully, Absen is capable of realizing a 720° LED cave forGuangzhou Baiyun Kaisa with ease. Lying right behind the interactive LED video wall, the cave is an immersive space where the customer can play creative, futuristic content and real-estate commercials to visitors, introducing its residential and commercial properties. The product utilized here is the PL lite series. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥9.90 The company is down 4.0% from its price of CN¥10.35 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. Announcement • Dec 03
Absen LED Configures to Handle Diverse Virtual Studio Tasks As the pandemic is still going on, the entertainment industry across the globe is continuing to be affected and LED display offers an ideal solution for filmmakers, broadcasters and event companies in creating virtual studios and production sets. The Russian 5TV are utilizing the cutting edge LED technology from Absen, to handle various TV broadcasting and filming tasks. 5TV's plan was to build three cyclorama studios of 60sqm, 80sqm and 100sqm, with ceilings stretching 30sqm, 50sqm and 60sqm respectively and floors up to 60sqm. Parallax Digital designed the professional virtual solutions for 5TV, in collaboration with Sound, Light and System, in use of Absen LED. Absen's DV and PL Lite series are configured flexibly for different requirements. Up to now two virtual studio solutions were realized successfully and the team now are working on the third one, which will be a space where the customers can conduct kinds of activities. In the first virtual studio solution engineered for 5TV, more than 100sqm D2V were used to create the curved LED video wall and 60sqm PL4.8W Lite the LED ceiling. From program filming, TV commercial shooting to film production and the other kinds of virtual events, those LED stages offer an inspiring and versatile solution for 5TV to empower brands, artists and producers to tell different stories. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥10.12 The company is down 7.0% from its price of CN¥10.94 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day high: CN¥12.38 The company is up 12% from its price of CN¥11.08 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 6.0% over the same period. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥14.4m, with earnings decreasing by CN¥202.6m from the prior year. Total revenue was CN¥1.78b over the last 12 months, down 16% from the prior year. Announcement • Oct 16
Shenzhen Absen Optoelectronic Co.,Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Shenzhen Absen Optoelectronic Co.,Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Announcement • Oct 15
Absen Selects for Largest Airport LED Display in SE Asia Malaysian Airport Holding Berhad, decided the country's aviation hub was in need of a serious visual update, VGI Airports - part of VGI Malaysia - was the first port of call and Absen was selected as the LED display supplier. The airport spans 100 km² and is one of the busiest airports in the world. KLIA was designed and built as part of the MSC Malaysia plan - to create a high-technology business district in Selangor, Malaysia. The teams decided that a digital overhaul was required throughout the airport, following the flow of passengers. VGI Airports selected a combination of Absen N4, Acclaim A2719, and A2725 for the installation, split into three different areas. In the arrivals area, Absen's N4 created the 'Digital Dream' screen, an impressive 400sqm LED wall that boasts a jaw dropping 23,976W x 1,008H resolution. Absen's A2719 was selected for the Satellite Digital Impact Network screen to cover both arrival and departures. The same product was also used at the check-in area, while the Digital Arrivals Impact Network screen features a curved 7.3m x 2m A2725 LED wall strategically installed above the escalators for arrivals. Absen's N series and Acclaim series are designed for indoor display and are perfect for use in busy corporate, transport or retail spaces. At a slim two-inch panel depth, with a 1000 nit brightness and 8.8kg weight, the N4 boasts a vivid, lightweight display for all indoor requirements. With wide viewing angles and remote tracking, in which real time performance tracking can be sent and viewed from a mobile, the N4 leant itself flawlessly to the airport's requirements, while still presenting the sharp colour and brightness uniformity associated with Absen's range of products. The installation itself began in Mar-2019 and was completed by Feb-2020, just in time to miss the massive disruption caused by Covid-19. Although footfall has fluctuated in the intervening months, the airport's administrators and travellers have had plenty of time to marvel at its new look. 