Announcement • May 30
DongGuan YuTong Optical Technology Co.,Ltd. Announces 2025 Final Profit Distribution Plan to Be Implemented on A Shares, Payable on June 2, 2026 DongGuan YuTong Optical Technology Co.,Ltd. announced the 2025 final profit distribution plan to be implemented (A shares): Cash dividend per ten shares (tax included): CNY 1.00000000. Record date: 01 June 2026. Ex-date: 02 June 2026. Payment date: 02 June 2026. New Risk • May 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). New Risk • May 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 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 High level of debt (61% net debt to equity). Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Apr 28
DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, May 20, 2026 DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥28.42, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 59% over the past three years. Announcement • Mar 31
DongGuan YuTong Optical Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Mar 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of debt (61% net debt to equity). Paying a dividend despite having no free cash flows. Announcement • Dec 31
DongGuan YuTong Optical Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥946.4m (up 27% from 3Q 2024). Net income: CN¥80.4m (up 65% from 3Q 2024). Profit margin: 8.5% (up from 6.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Announcement • Sep 30
DongGuan YuTong Optical Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 High level of debt (56% net debt to equity). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. New Risk • Sep 04
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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥33.49, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 68% over the past three years. Announcement • Aug 30
Dongguan Yutong Optical Technology Co.,Ltd. Proposes Interim Cash Dividend for 2025 DongGuan YuTong Optical Technology Co.,Ltd. at 2nd Extraordinary General Meeting of 2025 to be held on 15 September 2025 proposed 2025 interim profit distribution plan of Cash dividend/10 shares (tax included): CNY0.50000000. Announcement • Jul 02
DongGuan YuTong Optical Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Board Change • Jun 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Wenbin Gu 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. New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 9.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 9.3% per year over the past 5 years. Minor Risk High level of debt (43% net debt to equity). Announcement • Apr 29
DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, May 20, 2025 DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Announcement • Apr 19
DongGuan YuTong Optical Technology Co.,Ltd. announced that it expects to receive CNY 1 billion in funding DongGuan YuTong Optical Technology Co.,Ltd. announced a private placement of 68,000,000 A shares for the gross proceeds of CNY 1,000,000,000 on April 17, 2025. The shares will be issued at a price of not lower than 80% of the average price of the company’s shares in the 20 trading days before the pricing benchmark date. The shares will have a lockup period of 6 months. The transaction will include participation from not more than 35 investors. The transaction has been approved by the shareholders of the company in the company’s 4th meeting of the 4th board of directors. The transaction is subjected to approval from the Shenzhen Stock Exchange, and the consent for registration by the China Securities Regulatory Commission.
On April 18, 2025, the company announced that it will hold its 1st Extraordinary General Meeting of 2025 on May 6, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥18.84, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 1.4% over the past three years. Announcement • Mar 31
DongGuan YuTong Optical Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 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 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥24.85, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 20% over the past three years. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Independent Director Jincai Yang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 31
DongGuan YuTong Optical Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.045 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.045 in 3Q 2023). Revenue: CN¥744.8m (up 33% from 3Q 2023). Net income: CN¥48.8m (up 235% from 3Q 2023). Profit margin: 6.5% (up from 2.6% in 3Q 2023). The increase in margin was driven by higher revenue. 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 fallen by 46% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 24
Price target increased by 33% to CN¥16.00 Up from CN¥12.00, the current price target is provided by 1 analyst. New target price is 5.3% below last closing price of CN¥16.90. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.10 last year. 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 7.1% 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 (2.7x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Sep 30
DongGuan YuTong Optical Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.08, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years. New Risk • Sep 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Paying a dividend despite having no free cash flows. Major Estimate Revision • Jul 27
Consensus revenue estimates increase by 38% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.02b to CN¥2.79b. EPS estimate increased from CN¥0.365 to CN¥0.38 per share. Net income forecast to grow 124% next year vs 55% growth forecast for Electronic industry in China. Consensus price target up from CN¥11.00 to CN¥12.00. Share price fell 6.5% to CN¥13.03 over the past week. Announcement • Jun 29
DongGuan YuTong Optical Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 17
DongGuan YuTong Optical Technology Co.,Ltd. (SZSE:300790) announces an Equity Buyback for CNY 18 million worth of its shares. DongGuan YuTong Optical Technology Co.,Ltd. (SZSE:300790) announces a share repurchase program. Under the program, the company will repurchase up to CNY 18 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 20 per share. The repurchased shares will be used for equity stock ownership plan or equity incentive plan. The program will be funded from company's own funds. The program will be valid for 3 months. Announcement • Apr 27
Dongguan Yutong Optical Technology Co.,Ltd. Proposes Final Cash Dividend for the Year 2023 On April 25, 2024, DongGuan YuTong Optical Technology Co.,Ltd. proposed final Cash dividend of CNY 1.00000000 per ten shares (tax included) for the year 2023. Announcement • Apr 26
DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, May 16, 2024 DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Announcement • Mar 30
DongGuan YuTong Optical Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.09b to CN¥1.91b. EPS estimate also fell from CN¥0.315 per share to CN¥0.24 per share. Net income forecast to grow 25% next year vs 56% growth forecast for Electronic industry in China. Consensus price target down from CN¥15.00 to CN¥11.00. Share price rose 3.5% to CN¥11.99 over the past week. Announcement • Feb 07
DongGuan YuTong Optical Technology Co.,Ltd. (SZSE:300790) announces an Equity Buyback for CNY 60 million worth of its shares. DongGuan YuTong Optical Technology Co.,Ltd. (SZSE:300790) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 10 per share. The purpose of the program is to maintain company value and shareholder rights. The program will be valid for 3 months. New Risk • Feb 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.4% 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 (1.6x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.85, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 7.8% over the past three years. Announcement • Dec 29
DongGuan YuTong Optical Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 27
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 6.7% 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 (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.72, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.79, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Electronic industry in China. Negligible returns to shareholders over past three years. New Risk • Oct 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.039 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.045 (up from CN¥0.039 in 3Q 2022). Revenue: CN¥559.5m (up 28% from 3Q 2022). Net income: CN¥14.5m (up 17% from 3Q 2022). Profit margin: 2.6% (down from 2.8% in 3Q 2022). Revenue is forecast to grow 11% 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 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
DongGuan YuTong Optical Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Announcement • Sep 23
DongGuan YuTong Optical Technology Co.,Ltd. (SZSE:300790) announces an Equity Buyback for CNY 100 million worth of its shares. DongGuan YuTong Optical Technology Co.,Ltd. (SZSE:300790) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 21 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months. New Risk • Sep 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin). Major Estimate Revision • May 17
Consensus revenue estimates decrease by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥2.32b to CN¥1.97b. EPS estimate unchanged from CN¥0.61 per share at last update. Electronic industry in China expected to see average net income growth of 53% next year. Consensus price target of CN¥15.00 unchanged from last update. Share price rose 5.7% to CN¥14.55 over the past week. Reported Earnings • Apr 21
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥0.44 (down from CN¥0.77 in FY 2021). Revenue: CN¥1.85b (down 11% from FY 2021). Net income: CN¥144.2m (down 41% from FY 2021). Profit margin: 7.8% (down from 12% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 18% 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 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.13b to CN¥1.87b. EPS estimate unchanged from CN¥0.64 per share at last update. Electronic industry in China expected to see average net income growth of 49% next year. Consensus price target down from CN¥22.50 to CN¥20.00. Share price was steady at CN¥16.45 over the past week. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Chairman Pinguang Zhang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥438.3m (down 24% from 3Q 2021). Net income: CN¥12.5m (down 86% from 3Q 2021). Profit margin: 2.8% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% 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 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.25b to CN¥2.18b. EPS estimate also fell from CN¥1.48 per share to CN¥1.23 per share. Net income forecast to grow 92% next year vs 46% growth forecast for Electronic industry in China. Consensus price target down from CN¥25.70 to CN¥21.50. Share price rose 2.8% to CN¥19.43 over the past week. Price Target Changed • Aug 30
Price target decreased to CN¥21.50 Down from CN¥25.70, the current price target is an average from 3 analysts. New target price is 14% above last closing price of CN¥18.83. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥1.82 for next year compared to CN¥0.77 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.26 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.26 in 2Q 2021). Revenue: CN¥490.4m (down 11% from 2Q 2021). Net income: CN¥39.6m (down 51% from 2Q 2021). Profit margin: 8.1% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 24%, compared to a 25% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥18.49, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 35% over the past year. Major Estimate Revision • Jul 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥1.05 to CN¥1.82. Revenue forecast unchanged at CN¥2.25b. Net income forecast to grow 83% next year vs 43% growth forecast for Electronic industry in China. Consensus price target of CN¥26.27 unchanged from last update. Share price rose 3.0% to CN¥19.46 over the past week. Price Target Changed • Jun 25
Price target decreased to CN¥26.27 Down from CN¥34.20, the current price target is an average from 3 analysts. New target price is 38% above last closing price of CN¥19.02. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥0.77 last year. Major Estimate Revision • Jun 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.52b to CN¥2.25b. EPS estimate unchanged from CN¥1.05 per share at last update. Electronic industry in China expected to see average net income growth of 44% next year. Consensus price target of CN¥26.27 unchanged from last update. Share price rose 4.0% to CN¥17.62 over the past week. Announcement • May 21
Dongguan Yutong Optical Technology Co.,Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 27, 2022 DongGuan YuTong Optical Technology Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares), payable on May 27, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 2.00000000 with record date May 26, 2022 and ex-dividend date May 27, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.27 in 1Q 2021). Revenue: CN¥430.5m (down 2.4% from 1Q 2021). Net income: CN¥42.9m (down 26% from 1Q 2021). Profit margin: 10.0% (down from 13% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 33%, compared to a 24% growth forecast for the industry in China. 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. 4 experienced directors. No highly experienced directors. Non-Employee Supervisor Shenghong Zhu is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 20
DongGuan YuTong Optical Technology Co.,Ltd. Approves Cash Dividend for the Year 2021 DongGuan YuTong Optical Technology Co.,Ltd. announced that at its AGM held on April 18, 2022, shareholders approved the cash dividend of CNY 2.00 per 10 shares (tax included) for the year 2021. Price Target Changed • Apr 06
Price target decreased to CN¥39.40 Down from CN¥51.30, the current price target is an average from 3 analysts. New target price is 34% above last closing price of CN¥29.50. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.15 last year. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.77b to CN¥2.64b. EPS estimate also fell from CN¥1.55 per share to CN¥1.33 per share. Net income forecast to grow 23% next year vs 37% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥51.80. Share price rose 4.3% to CN¥29.55 over the past week. Announcement • Mar 31
DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, Apr 18, 2022 DongGuan YuTong Optical Technology Co.,Ltd., Annual General Meeting, Apr 18, 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 2022 application for credit line to banks and other financial institutions and relevant guarantee; to consider amendments to the connected transactions management system; to consider amendments to the external investment management system; to consider amendments to the work rules of independent director; to consider amendments to the rules of procedure governing the general meeting of shareholders; and to consider other matters. Announcement • Mar 29
DongGuan YuTong Optical Technology Co.,Ltd. Proposes Final Cash Dividend for 2021 DongGuan YuTong Optical Technology Co.,Ltd. proposed final cash dividend (tax included) of CNY 2.00000000 per ten shares for 2021. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.15 (up from CN¥0.62 in FY 2020). Revenue: CN¥2.06b (up 40% from FY 2020). Net income: CN¥242.7m (up 91% from FY 2020). Profit margin: 12% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 35%, compared to a 25% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥49.62, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 132% over the past year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥579.4m (up 48% from 3Q 2020). Net income: CN¥87.8m (up 170% from 3Q 2020). Profit margin: 15% (up from 8.3% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥552.9m (up 87% from 2Q 2020). Net income: CN¥80.2m (up 195% from 2Q 2020). Profit margin: 14% (up from 9.2% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥49.82, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 118% over the past year. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥42.10, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 70% over the past year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥32.84, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥30.82, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 37% over the past year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥27.08, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 33x in the Electronic industry in China. Total returns to shareholders of 23% over the past year. Reported Earnings • Apr 17
First quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.089 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥441.2m (up 98% from 1Q 2020). Net income: CN¥57.5m (up 219% from 1Q 2020). Profit margin: 13% (up from 8.1% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥23.11, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 12% over the past year. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.62 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.47b (up 20% from FY 2019). Net income: CN¥126.8m (up 23% from FY 2019). Profit margin: 8.6% (up from 8.4% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Feb 20
DongGuan YuTong Optical Technology Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 25, 2021 DongGuan YuTong Optical Technology Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Jan 12
New 90-day low: CN¥17.20 The company is down 20% from its price of CN¥21.58 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥17.33 The company is down 16% from its price of CN¥20.74 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥20.26 The company is down 8.0% from its price of CN¥22.02 on 11 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 up 1.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥110.1m, up 1.3% from the prior year. Total revenue was CN¥1.32b over the last 12 months, up 16% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥20.73 The company is down 11% from its price of CN¥23.39 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. 
