Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥0.461 to CN¥0.41. Revenue forecast unchanged from CN¥3.93b at last update. Net income forecast to grow 38% next year vs 49% growth forecast for Electronic industry in China. Consensus price target of CN¥30.03 unchanged from last update. Share price fell 3.0% to CN¥35.84 over the past week. Price Target Changed • Apr 25
Price target increased by 19% to CN¥30.03 Up from CN¥25.25, the current price target is an average from 4 analysts. New target price is 15% below last closing price of CN¥35.44. Stock is up 100% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.29 last year. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥0.075 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥858.8m (up 20% from 1Q 2025). Net income: CN¥41.8m (up 147% from 1Q 2025). Profit margin: 4.9% (up from 2.4% in 1Q 2025). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates by 86%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 23
Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, May 13, 2026 Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, May 13, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Buy Or Sell Opportunity • Apr 13
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to CN¥32.81. The fair value is estimated to be CN¥27.11, 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 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. Announcement • Mar 31
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Major Estimate Revision • Mar 17
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥3.76b to CN¥3.99b. EPS estimate fell from CN¥0.497 to CN¥0.424 per share. Net income forecast to grow 44% next year vs 48% growth forecast for Electronic industry in China. Consensus price target up from CN¥25.25 to CN¥30.30. Share price fell 9.9% to CN¥29.46 over the past week. Declared Dividend • Mar 16
Final dividend of CN¥0.032 announced Dividend of CN¥0.032 is the same as last year. Ex-date: 17th March 2026 Payment date: 17th March 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 4%. Announcement • Mar 14
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Announces Profit Distribution Plan on A Shares for Third Quarter of 2025, Payable on 17 March 2026 Wuhan Raycus Fiber Laser Technologies Co. Ltd. announced the implementation of its 2025 third-quarter profit distribution plan, declaring a cash dividend of CNY 0.32 per 10 shares (tax included) for A-shareholders. The record date is March 16, 2026, while the ex-dividend date and payment date are March 17, 2026. Reported Earnings • Mar 12
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.30 (up from CN¥0.24 in FY 2024). Revenue: CN¥3.47b (up 8.4% from FY 2024). Net income: CN¥166.4m (up 24% from FY 2024). Profit margin: 4.8% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%. Revenue is forecast to grow 12% 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 8% per year whereas the company’s share price has increased by 7% per year. Buy Or Sell Opportunity • Mar 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to CN¥32.12. The fair value is estimated to be CN¥26.11, 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 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. New Risk • Mar 03
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 7.6% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Announcement • Feb 25
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Approves Cash Dividend for the Third Quarter of 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. at its Extraordinary General Meeting of 2026 on 13 February 2026, approved cash dividend/10 shares (tax included) of CNY 0.32000000 for the third quarter of 2025. Buy Or Sell Opportunity • Feb 03
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to CN¥30.94. The fair value is estimated to be CN¥25.30, 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 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 118% in the next 2 years. Announcement • Jan 30
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Proposes Cash Dividend for the Third Quarter 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. at the Extraordinary General Meeting of 2026 at 15:00 on 13 February 2026 proposed third quarter 2025 profit distribution plan: Cash dividend per 10 shares (tax included) of CNY 0.32000000. Buy Or Sell Opportunity • Jan 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥30.20. The fair value is estimated to be CN¥24.97, 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 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Announcement • Dec 31
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥0.089 (up from CN¥0.043 in 3Q 2024). Revenue: CN¥841.5m (up 10% from 3Q 2024). Net income: CN¥49.9m (up 107% from 3Q 2024). Profit margin: 5.9% (up from 3.2% in 3Q 2024). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 8.3% 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 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 27
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to CN¥26.24. The fair value is estimated to be CN¥21.57, 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 3 years. Earnings per share has grown by 12%. Announcement • Sep 30
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Price Target Changed • Sep 04
Price target increased by 41% to CN¥25.28 Up from CN¥17.86, the current price target is an average from 4 analysts. New target price is 8.0% below last closing price of CN¥27.48. Stock is up 91% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.24 last year. Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.59b to CN¥3.42b. EPS estimate also fell from CN¥0.388 per share to CN¥0.33 per share. Net income forecast to grow 111% next year vs 49% growth forecast for Electronic industry in China. Consensus price target down from CN¥17.86 to CN¥16.88. Share price was steady at CN¥29.47 over the past week. Buy Or Sell Opportunity • Sep 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to CN¥33.87. The fair value is estimated to be CN¥27.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 158% in the next 2 years. Price Target Changed • Aug 30
Price target increased by 18% to CN¥21.16 Up from CN¥17.86, the current price target is an average from 5 analysts. New target price is 35% below last closing price of CN¥32.50. Stock is up 123% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.24 last year. Reported Earnings • Aug 28
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.058 in 2Q 2024). Revenue: CN¥948.9m (up 21% from 2Q 2024). Net income: CN¥56.2m (up 74% from 2Q 2024). Profit margin: 5.9% (up from 4.1% in 2Q 2024). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 23%. 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 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Jul 02
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 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 8.3% 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 Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Announcement • Apr 28
Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, May 19, 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Major Estimate Revision • Apr 24
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.12b to CN¥3.67b. EPS estimate fell from CN¥0.571 to CN¥0.41 per share. Net income forecast to grow 74% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥19.47 to CN¥18.99. Share price fell 2.6% to CN¥17.73 over the past week. Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.24 (down from CN¥0.39 in FY 2023). Revenue: CN¥3.20b (down 13% from FY 2023). Net income: CN¥134.3m (down 38% from FY 2023). Profit margin: 4.2% (down from 5.9% in FY 2023). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 19% 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 fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.70, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 38% over the past three years. Announcement • Mar 31
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Mar 06
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Implements Third Quarter Distribution on A Shares, Payable on 11 March 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. implemented third quarter distribution on A shares. Cash dividend/10 shares (tax included) is CNY 0.32000000. Record date is 10 March 2025, Ex-date is 11 March 2025 and Payment date is 11 March 2025. Announcement • Jan 10
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. proposed cash dividend/10 shares (tax included) of CNY 0.32000000 for the third quarter of 2024. Announcement • Dec 31
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Announcement • Dec 07
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Approves Board Elections Wuhan Raycus Fiber Laser Technologies Co.,Ltd. at its Extraordinary General Meeting held on 05 December 2024 approved the election of Li An'an and Ma Yong as independent director. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 49% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.573 to CN¥0.295. Revenue forecast unchanged from CN¥3.27b at last update. Net income forecast to grow 99% next year vs 52% growth forecast for Electronic industry in China. Consensus price target up from CN¥18.54 to CN¥19.53. Share price rose 13% to CN¥23.41 over the past week. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥22.19, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 51% over the past three years. Reported Earnings • Oct 28
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: CN¥0.043 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥761.9m (down 3.8% from 3Q 2023). Net income: CN¥24.1m (down 60% from 3Q 2023). Profit margin: 3.2% (down from 7.6% in 3Q 2023). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 61%. 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. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥17.40, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 62% over the past three years. Announcement • Sep 30
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.28, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 63% over the past three years. Major Estimate Revision • Sep 05
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥4.50b to CN¥4.01b. EPS estimate unchanged from CN¥0.57 per share at last update. Electronic industry in China expected to see average net income growth of 52% next year. Consensus price target down from CN¥23.30 to CN¥19.09. Share price was steady at CN¥14.36 over the past week. Price Target Changed • Aug 29
Price target decreased by 11% to CN¥22.02 Down from CN¥24.79, the current price target is an average from 6 analysts. New target price is 54% above last closing price of CN¥14.27. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.39 last year. Reported Earnings • Aug 27
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.058 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥786.0m (down 22% from 2Q 2023). Net income: CN¥32.3m (down 53% from 2Q 2023). Profit margin: 4.1% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 70%. 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. 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 34% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 15
Dividend increased to CN¥0.12 Dividend of CN¥0.12 is 20% higher than last year. Ex-date: 18th July 2024 Payment date: 18th July 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 1.0% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 140% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Buy Or Sell Opportunity • Jun 11
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to CN¥18.85. The fair value is estimated to be CN¥15.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 126% in the next 2 years. Announcement • Jun 08
Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, Jun 27, 2024 Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, Jun 27, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Major Estimate Revision • May 10
Consensus EPS estimates increase by 11%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥4.31b to CN¥4.19b. EPS estimate rose from CN¥0.605 to CN¥0.674. Net income forecast to grow 77% next year vs 58% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥23.43. Share price fell 4.3% to CN¥20.73 over the past week. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.079 in 1Q 2023). Revenue: CN¥801.2m (up 1.9% from 1Q 2023). Net income: CN¥63.6m (up 44% from 1Q 2023). Profit margin: 7.9% (up from 5.6% in 1Q 2023). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 21% 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 fallen by 45% 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. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.45b to CN¥4.31b. EPS estimate also fell from CN¥0.697 per share to CN¥0.605 per share. Net income forecast to grow 58% next year vs 53% growth forecast for Electronic industry in China. Consensus price target down from CN¥24.52 to CN¥23.82. Share price was steady at CN¥19.92 over the past week. Reported Earnings • Apr 20
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.073 in FY 2022). Revenue: CN¥3.68b (up 15% from FY 2022). Net income: CN¥217.4m (up 432% from FY 2022). Profit margin: 5.9% (up from 1.3% in FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 19% 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 fallen by 44% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 12
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.40 (up from CN¥0.073 in FY 2022). Revenue: CN¥3.68b (up 15% from FY 2022). Net income: CN¥223.5m (up 447% from FY 2022). Profit margin: 6.1% (up from 1.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 20% 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 fallen by 44% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 06
Now 23% overvalued Over the last 90 days, the stock has fallen 30% to CN¥17.73. The fair value is estimated to be CN¥14.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 203% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.56, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.42 per share. Announcement • Dec 29
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.90b to CN¥3.52b. EPS estimate also fell from CN¥0.573 per share to CN¥0.43 per share. Net income forecast to grow 128% next year vs 72% growth forecast for Electronic industry in China. Consensus price target down from CN¥28.87 to CN¥28.10. Share price was steady at CN¥24.50 over the past week. Reported Earnings • Oct 24
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.02 in 3Q 2022). Revenue: CN¥791.6m (up 2.3% from 3Q 2022). Net income: CN¥60.1m (up 443% from 3Q 2022). Profit margin: 7.6% (up from 1.4% in 3Q 2022). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 35%. 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. Over the last 3 years on average, earnings per share has fallen by 39% 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 • Sep 03
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.98b to CN¥3.89b. EPS estimate also fell from CN¥0.647 per share to CN¥0.576 per share. Net income forecast to grow 226% next year vs 62% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥27.70. Share price was steady at CN¥26.01 over the past week. Reported Earnings • Aug 28
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.002 in 2Q 2022). Revenue: CN¥1.01b (up 19% from 2Q 2022). Net income: CN¥68.0m (up CN¥67.1m from 2Q 2022). Profit margin: 6.8% (up from 0.1% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 22% 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 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jul 22
Wuhan Raycus Fiber Laser Technologies Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 26, 2023 Wuhan Raycus Fiber Laser Technologies Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2022. Record date is July 25, 2023. Ex-date is July 26, 2023. Payment date is July 26, 2023. New Risk • Jun 25
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 6.8% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Announcement • Jun 10
Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, Jun 29, 2023 Wuhan Raycus Fiber Laser Technologies Co.,Ltd., Annual General Meeting, Jun 29, 2023, at 15:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Connected transaction regarding the 2023 financial cooperation business on deposits and loans with a company; to consider 2023 financial budget report; and to consider other matters. Reported Earnings • Apr 26
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: CN¥0.079 (up from CN¥0.037 in 1Q 2022). Revenue: CN¥785.9m (up 12% from 1Q 2022). Net income: CN¥44.1m (up 111% from 1Q 2022). Profit margin: 5.6% (up from 3.0% in 1Q 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 19% 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 fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Dec 13
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.55b to CN¥3.42b. EPS estimate also fell from CN¥0.54 per share to CN¥0.42 per share. Net income forecast to grow 333% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥29.22 to CN¥26.71. Share price fell 12% to CN¥24.80 over the past week. Price Target Changed • Dec 13
Price target decreased to CN¥26.71 Down from CN¥29.22, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥26.06. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.84 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Vice Chairman & Chief Engineer Yan Dapeng 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. Major Estimate Revision • Nov 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥3.88b to CN¥3.64b. EPS estimate rose from CN¥0.72 to CN¥0.92. Net income forecast to grow 497% next year vs 56% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥30.78. Share price rose 12% to CN¥28.64 over the past week. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.02 (down from CN¥0.25 in 3Q 2021). Revenue: CN¥773.5m (down 14% from 3Q 2021). Net income: CN¥11.1m (down 92% from 3Q 2021). Profit margin: 1.4% (down from 16% in 3Q 2021). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 94%. Revenue is forecast to grow 28% 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 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥27.18, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Major Estimate Revision • Sep 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.55 to CN¥0.67. Revenue forecast unchanged at CN¥3.91b. Net income forecast to grow 123% next year vs 47% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥31.31. Share price fell 2.9% to CN¥24.80 over the past week. Major Estimate Revision • Sep 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.53 to CN¥0.62. Revenue forecast steady at CN¥3.91b. Net income forecast to grow 109% next year vs 47% growth forecast for Electronic industry in China. Consensus price target down from CN¥32.53 to CN¥31.31. Share price fell 2.5% to CN¥25.69 over the past week. Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.88b to CN¥3.71b. EPS estimate also fell from CN¥0.70 per share to CN¥0.48 per share. Net income forecast to grow 116% next year vs 46% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥32.53. Share price fell 13% to CN¥27.04 over the past week. Reported Earnings • Aug 26
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.002 (down from CN¥0.27 in 2Q 2021). Revenue: CN¥846.1m (down 18% from 2Q 2021). Net income: CN¥981.3k (down 99% from 2Q 2021). Profit margin: 0.1% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 107%. Over the next year, revenue is forecast to grow 35%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Major Estimate Revision • Aug 12
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥4.01b to CN¥3.88b. EPS estimate also fell from CN¥0.80 per share to CN¥0.70 per share. Net income forecast to grow 34% next year vs 43% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥32.54. Share price fell 8.3% to CN¥29.74 over the past week. Price Target Changed • Jul 01
Price target decreased to CN¥42.44 Down from CN¥47.42, the current price target is an average from 10 analysts. New target price is 12% above last closing price of CN¥38.03. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥1.08 for next year compared to CN¥1.10 last year. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥41.08, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 5.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.53 per share. Price Target Changed • Jun 16
Price target decreased to CN¥47.42 Down from CN¥52.90, the current price target is an average from 10 analysts. New target price is 43% above last closing price of CN¥33.11. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥1.10 last year. Price Target Changed • May 25
Price target decreased to CN¥53.36 Down from CN¥58.72, the current price target is an average from 13 analysts. New target price is 73% above last closing price of CN¥30.85. Stock is down 55% over the past year. The company is forecast to post earnings per share of CN¥1.20 for next year compared to CN¥1.10 last year. Major Estimate Revision • May 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥1.47 to CN¥1.25 per share. Revenue forecast steady at CN¥4.30b. Net income forecast to grow 62% next year vs 45% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥59.23. Share price fell 4.6% to CN¥29.07 over the past week. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.048 (down from CN¥0.26 in 1Q 2021). Revenue: CN¥701.3m (up 20% from 1Q 2021). Net income: CN¥20.9m (down 81% from 1Q 2021). Profit margin: 3.0% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 81%. Over the next year, revenue is forecast to grow 30%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Non-Employee Supervisor Dajiang Li is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 12
Price target decreased to CN¥59.88 Down from CN¥65.22, the current price target is an average from 13 analysts. New target price is 69% above last closing price of CN¥35.50. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥1.47 for next year compared to CN¥1.10 last year.