Announcement • Dec 31
Zhongji Innolight Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Zhongji Innolight Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Zhongji Innolight Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Zhongji Innolight Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Aug 28
Zhongji Innolight Co., Ltd. Proposes Interim Profit Distribution Plan for 2025 Zhongji Innolight Co., Ltd. at 3rd EGM to be held on September 17, 2025 proposed interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY4.00000000. Announcement • Jul 02
Zhongji Innolight Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Zhongji Innolight Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • May 17
Zhongji Innolight Co., Ltd. Approves Cash Dividend (Tax Included) for the Year 2024 Zhongji Innolight Co., Ltd. at the Annual General Meeting of 2024 on 15 May 2025, approved cash dividend (tax included) for the year 2024 of CNY 5.00000000 per 10 shares. Announcement • Apr 22
Zhongji Innolight Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Zhongji Innolight Co., Ltd. proposed final cash dividend of CNY 5.00000000 per 10 shares (tax included) for the year 2024. Announcement • Apr 21
Zhongji Innolight Co., Ltd., Annual General Meeting, May 15, 2025 Zhongji Innolight Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Longkou, Shandong China Announcement • Mar 31
Zhongji Innolight Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Zhongji Innolight Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Announcement • Dec 31
Zhongji Innolight Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Zhongji Innolight Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥1.25 (vs CN¥0.60 in 3Q 2023) Third quarter 2024 results: EPS: CN¥1.25 (up from CN¥0.60 in 3Q 2023). Revenue: CN¥6.51b (up 115% from 3Q 2023). Net income: CN¥1.39b (up 104% from 3Q 2023). Profit margin: 21% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥158, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 569% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥230 per share. Buy Or Sell Opportunity • Oct 09
Now 28% undervalued Over the last 90 days, the stock has risen 8.6% to CN¥166. The fair value is estimated to be CN¥230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 32% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (39% accrual ratio). Announcement • Sep 30
Zhongji Innolight Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Zhongji Innolight Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥134, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 443% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥231 per share. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥116, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 373% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥232 per share. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥2.87 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥2.87 (up from CN¥0.33 in 2Q 2023). Revenue: CN¥5.96b (up 175% from 2Q 2023). Net income: CN¥1.35b (up 271% from 2Q 2023). Profit margin: 23% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥110, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 271% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥199 per share. Buy Or Sell Opportunity • Jul 19
Now 23% undervalued Over the last 90 days, the stock has risen 11% to CN¥135. The fair value is estimated to be CN¥175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 33% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Announcement • Jun 29
Zhongji Innolight Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024 Zhongji Innolight Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024 Declared Dividend • Jun 03
Dividend increased to CN¥0.45 Dividend of CN¥0.45 is 125% higher than last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.2%. Announcement • Jun 01
Zhongji Innolight Co., Ltd. Announces Implementation of Cash Dividend A Shares for the Year 2023, Payable on 06 June 2024 Zhongji Innolight Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 4.50000000. Record date: 05 June 2024, Ex-date: 06 June 2024, Payment date: 06 June 2024. Announcement • May 25
Zhongji Innolight Co., Ltd. Approves 2023 Profit Distribution Plan The Zhongji Innolight Co., Ltd. held its Annual General Meeting of 2023 on 23 May 2024, and approved 2023 profit distribution plan, Cash dividend/10 shares (tax included): CNY 4.50000000. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥185, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 447% over the past three years. Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥1.30 (vs CN¥0.31 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.30 (up from CN¥0.31 in 1Q 2023). Revenue: CN¥4.84b (up 164% from 1Q 2023). Net income: CN¥1.01b (up 304% from 1Q 2023). Profit margin: 21% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Zhongji Innolight Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Zhongji Innolight Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Buy Or Sell Opportunity • Mar 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to CN¥157. The fair value is estimated to be CN¥129, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Buy Or Sell Opportunity • Feb 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to CN¥155. The fair value is estimated to be CN¥127, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 36% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥2.81 (vs CN¥1.54 in FY 2022) Full year 2023 results: EPS: CN¥2.81 (up from CN¥1.54 in FY 2022). Revenue: CN¥10.7b (up 11% from FY 2022). Net income: CN¥2.18b (up 78% from FY 2022). Profit margin: 20% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥150, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥151 per share. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥125, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Communications industry in China. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥113 per share. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥114, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥136 per share. Announcement • Dec 29
Zhongji Innolight Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Zhongji Innolight Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Buying Opportunity • Dec 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be CN¥136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 39% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥118, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥137 per share. Buying Opportunity • Nov 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 38% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥101, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥93.46 per share. Reported Earnings • Oct 23
Third quarter 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.47 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.85 (up from CN¥0.47 in 3Q 2022). Revenue: CN¥3.03b (up 12% from 3Q 2022). Net income: CN¥682.1m (up 87% from 3Q 2022). Profit margin: 23% (up from 14% in 3Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications 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 increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥112, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 29x in the Communications industry in China. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥91.19 per share. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO, VP & Director Xiaoli Wang 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. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.34 in 2Q 2022). Revenue: CN¥2.17b (up 1.1% from 2Q 2022). Net income: CN¥363.8m (up 32% from 2Q 2022). Profit margin: 17% (up from 13% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.34 in 2Q 2022). Revenue: CN¥2.17b (up 1.1% from 2Q 2022). Net income: CN¥363.8m (up 32% from 2Q 2022). Profit margin: 17% (up from 13% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 10
Zhongji Innolight Co., Ltd. Announces Management Changes Zhongji Innolight Co., Ltd. in its Extraordinary General Meeting of 2023 on 08 August 2023, approved election of Xia Chaoyang, Cheng Bo, Qu Wenzhou as independent directors and election of Qi Zhijie, Dai Yu as non-employee supervisors. Announcement • May 31
Zhongji Innolight Co., Ltd. Implements Final Dividend of A Shares for 2022, Payable on 06 June 2023 Zhongji Innolight Co., Ltd. implemented final cash dividend of CNY 2.00000000 per 10 A shares (tax included) for 2022. Record date is 05 June 2023. Ex-date is 06 June 2023. Payment date is 06 June 2023. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥109, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 87% over the past three years. Announcement • May 20
Zhongji Innolight Co., Ltd. Approves Cash Dividend for the Year 2022 Zhongji Innolight Co., Ltd. approved cash dividend of CNY 2.000 (tax included) per 10 shares for the year 2022, at the AGM held on May 18, 2023. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥75.80, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.89 per share. Buying Opportunity • May 04
Now 21% undervalued Over the last 90 days, the stock is up 170%. The fair value is estimated to be CN¥108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 62% in the next 2 years. Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.27 in 1Q 2022). Revenue: CN¥1.84b (down 12% from 1Q 2022). Net income: CN¥249.9m (up 15% from 1Q 2022). Profit margin: 14% (up from 10% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥78.19, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥70.50, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥44.20, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Communications industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥1.55 (vs CN¥1.21 in FY 2021) Full year 2022 results: EPS: CN¥1.55 (up from CN¥1.21 in FY 2021). Revenue: CN¥9.64b (up 25% from FY 2021). Net income: CN¥1.24b (up 41% from FY 2021). Profit margin: 13% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥33.83, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 46% over the past three years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.31 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.31 in 3Q 2021). Revenue: CN¥2.63b (up 30% from 3Q 2021). Net income: CN¥360.1m (up 64% from 3Q 2021). Profit margin: 14% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥35.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 44% in 2 years. Earnings is forecast to grow by 50% in the next 2 years. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 2Q 2021). Revenue: CN¥2.14b (up 17% from 2Q 2021). Net income: CN¥275.0m (up 32% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥33.29, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.80 per share. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.19 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.19 in 1Q 2021). Revenue: CN¥2.09b (up 42% from 1Q 2021). Net income: CN¥217.4m (up 63% from 1Q 2021). Profit margin: 10% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥1.20 (down from CN¥1.23 in FY 2020). Revenue: CN¥7.70b (up 9.2% from FY 2020). Net income: CN¥874.7m (up 1.1% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 36%, compared to a 28% growth forecast for the 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. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥40.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.33 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.02b (up 3.3% from 3Q 2020). Net income: CN¥219.3m (down 6.6% from 3Q 2020). Profit margin: 11% (down from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.32 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.83b (down 4.8% from 2Q 2020). Net income: CN¥207.8m (down 1.8% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥44.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥82.98 per share. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥32.71, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 29x in the Communications industry in China. Total loss to shareholders of 24% over the past three years. Announcement • Jun 02
Zhongji Innolight Co., Ltd 2020 Final Cash Dividend, Payable on 09 June 2021 Zhongji Innolight Co., Ltd. announced 2020 final profit distribution of Cash dividend/10 shares (tax included) CNY 1.21000000. Record date is 08 June 2021, ex-date: 09 June 2021 and payment date is 09 June 2021. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.20 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥1.47b (up 11% from 1Q 2020). Net income: CN¥133.1m (down 13% from 1Q 2020). Profit margin: 9.0% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Zhongji Innolight Co., Ltd. Announces Final Profit Distribution Proposal for 2020 Zhongji Innolight Co., Ltd. announced final profit distribution proposal of CNY 1.21000000 per 10 shares (tax included) for 2020. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥0.73 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.05b (up 48% from FY 2019). Net income: CN¥849.3m (up 65% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 0.07%. Over the next year, revenue is forecast to grow 25%, compared to a 32% growth forecast for the Communications industry in China. Is New 90 Day High Low • Feb 28
New 90-day low: CN¥45.90 The company is down 6.0% from its price of CN¥48.95 on 30 November 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.71 per share. Is New 90 Day High Low • Jan 11
New 90-day high: CN¥57.00 The company is up 7.0% from its price of CN¥53.34 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.03 per share. Is New 90 Day High Low • Dec 14
New 90-day high: CN¥54.58 The company is up 5.0% from its price of CN¥52.00 on 16 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.88 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥755.5m, up 51% from the prior year. Total revenue was CN¥6.68b over the last 12 months, up 57% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 5.9% at CN¥1.96b. Revenue is forecast to grow 28% over the next year, compared to a 30% growth forecast for the Communications industry in China. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥49.10 The company is down 13% from its price of CN¥56.33 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.08 per share. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥50.21 The company is down 19% from its price of CN¥62.10 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.71 per share. Announcement • Aug 14
Zhongji Innolight Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Zhongji Innolight Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020