Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥78.12, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 41x in the Electronic industry in China. Total returns to shareholders of 363% over the past three years. Announcement • Jun 30
Zhejiang Lante Optics Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Zhejiang Lante Optics Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥83.44, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.71 per share. Declared Dividend • May 22
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 93% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Tengchao Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Zhejiang Lante Optics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Zhejiang Lante Optics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 16
Zhejiang Lante Optics Co., Ltd., Annual General Meeting, Apr 08, 2026 Zhejiang Lante Optics Co., Ltd., Annual General Meeting, Apr 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaxing, Zhejiang China Announcement • Jan 16
Zhejiang Lante Optics Co., Ltd. announced that it expects to receive CNY 1.0546023 billion in funding Zhejiang Lante Optics Co., Ltd. announced that it has entered into a share subscription agreement for private placement of not more than 121,769,310 A shares at a price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 1,054,602,300 on January 14, 2026. The transaction will include participation from not more than 35 investors, including Xu Yunming, who will subscribe with not more than CNY 50,000,000. The shares Xu Yunming subscribes to cannot be transferred within 36 months from the issuance closing date. The shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 25th meeting of the company’s 5th directorate of the company. The transaction is subject to the approval of the company’s shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Announcement • Dec 26
Zhejiang Lante Optics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 17, 2026 Zhejiang Lante Optics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 17, 2026 Announcement • Sep 30
Zhejiang Lante Optics Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Zhejiang Lante Optics Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Announcement • Jun 30
Zhejiang Lante Optics Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Zhejiang Lante Optics Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Apr 25
Zhejiang Lante Optics Co., Ltd., Annual General Meeting, May 15, 2025 Zhejiang Lante Optics Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaxing, Zhejiang China Announcement • Mar 28
Zhejiang Lante Optics Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Zhejiang Lante Optics Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 27
Zhejiang Lante Optics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Zhejiang Lante Optics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Buy Or Sell Opportunity • Nov 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥24.19. The fair value is estimated to be CN¥20.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥408.1m (up 41% from 3Q 2023). Net income: CN¥112.4m (up 61% from 3Q 2023). Profit margin: 28% (up from 24% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥24.24, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 34% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.94 per share. Buy Or Sell Opportunity • Oct 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to CN¥24.24. The fair value is estimated to be CN¥19.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 6.7%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to CN¥19.69, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.96 per share. Announcement • Sep 30
Zhejiang Lante Optics Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Zhejiang Lante Optics Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Buy Or Sell Opportunity • Sep 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥16.01. The fair value is estimated to be CN¥20.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 7.4%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.036 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (up from CN¥0.036 in 2Q 2023). Revenue: CN¥211.0m (up 83% from 2Q 2023). Net income: CN¥19.9m (up 15% from 2Q 2023). Profit margin: 9.4% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. 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. New Risk • Jul 17
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 7.7% 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 High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Buy Or Sell Opportunity • Jul 16
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 7.5% to CN¥21.37. The fair value is estimated to be CN¥17.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 7.7%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥19.65, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.12 per share. Announcement • Jun 28
Zhejiang Lante Optics Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Zhejiang Lante Optics Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jun 17
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to CN¥18.50. The fair value is estimated to be CN¥15.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 7.7%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • May 17
Now 24% overvalued Over the last 90 days, the stock has fallen 3.6% to CN¥19.27. The fair value is estimated to be CN¥15.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 7.0%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.012 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.012 in 1Q 2023). Revenue: CN¥167.2m (up 96% from 1Q 2023). Net income: CN¥29.3m (up CN¥24.5m from 1Q 2023). Profit margin: 18% (up from 5.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Announcement • Apr 26
Zhejiang Lante Optics Co., Ltd., Annual General Meeting, May 16, 2024 Zhejiang Lante Optics Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaxing, Zhejiang China Announcement • Mar 29
Zhejiang Lante Optics Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Zhejiang Lante Optics Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.24 in FY 2022) Full year 2023 results: EPS: CN¥0.45 (up from CN¥0.24 in FY 2022). Revenue: CN¥754.5m (up 98% from FY 2022). Net income: CN¥180.3m (up 88% from FY 2022). Profit margin: 24% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.98, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Electronic industry in China. New Risk • Jan 18
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 6.1% 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 High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.29, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Electronic industry in China. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.041 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.041 in 3Q 2022). Revenue: CN¥289.2m (up 208% from 3Q 2022). Net income: CN¥69.7m (up 290% from 3Q 2022). Profit margin: 24% (up from 19% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.067 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.036 (down from CN¥0.067 in 2Q 2022). Revenue: CN¥115.4m (up 3.2% from 2Q 2022). Net income: CN¥17.3m (down 32% from 2Q 2022). Profit margin: 15% (down from 23% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jun 28
Zhejiang Lante Optics Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Zhejiang Lante Optics Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings have declined by 7.8% 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 Earnings have declined by 7.8% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Reported Earnings • Apr 19
First quarter 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.054 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.012 (down from CN¥0.054 in 1Q 2022). Revenue: CN¥85.5m (down 4.6% from 1Q 2022). Net income: CN¥4.80m (down 78% from 1Q 2022). Profit margin: 5.6% (down from 24% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 64% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Board Change • Mar 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
