Announcement • Mar 31
Sunny Optical Technology (Group) Company Limited announces Annual dividend, payable on June 26, 2026 Sunny Optical Technology (Group) Company Limited announced Annual dividend of HKD 1.2060 per share payable on June 26, 2026, ex-date on June 05, 2026 and record date on June 08, 2026. Announcement • Mar 30
Sunny Optical Technology (Group) Company Limited, Annual General Meeting, May 27, 2026 Sunny Optical Technology (Group) Company Limited, Annual General Meeting, May 27, 2026, at 10:00 China Standard Time. Location: united conference centre, 10/f., united centre, 95 queensway, Hong Kong Announcement • Mar 05
Sunny Optical Technology (Group) Company Limited to Report Fiscal Year 2025 Final Results on Mar 30, 2026 Sunny Optical Technology (Group) Company Limited announced that they will report fiscal year 2025 final results on Mar 30, 2026 Announcement • Jan 29
Sunny Optical Technology (Group) Company Limited Provides Group Earnings Guidance for the Year Ended 31 December 2025 Sunny Optical Technology (Group) Company Limited provided group earnings guidance for the year ended 31 December 2025. For the period, the group is expected to record a profit attributable to owners of the Company for the year ended 31 December 2025, amounting to approximately RMB 4,588.6 million to RMB 4,723.5 million, which represents an increase of approximately 70.0% to 75.0% as compared to that for the year ended 31 December 2024, being approximately RMB 2,699.2 million. Announcement • Aug 01
Sunny Optical Technology (Group) Company Limited to Report Q2, 2025 Results on Aug 19, 2025 Sunny Optical Technology (Group) Company Limited announced that they will report Q2, 2025 results on Aug 19, 2025 Announcement • Jun 24
Sunny Optical Technology (Group) Company Limited Announces Board and Committee Changes, with Effect from 1 July 2025 The board of directors of Sunny Optical Technology (Group) Company Limited hereby announced that Mr. Ni Wenjun () ("Mr. Ni") has been appointed as an executive Director and a member of each of the remuneration committee of the Board (the "Remuneration Committee ") and the strategy and development committee of the Board (the " Strategy and Development Committee") with effect from 1 July 2025. Mr. Ni, aged 56, has extensive experience in management in the manufacturing industry. Mr. Ni has been a chairman and a director of Ningbo Sunny Precision Industry Co. Ltd., a company established in the People's Republic of China (the "PRC") and the shares of which are listed on Beijing Stock Exchange in the PRC, since October 2019. Mr. Ni has also been a managing partner of Ningbo Wanshun Investment Management Partnership Enterprise (Limited Partnership) since July 2015, a chairman of Zhejiang Aimle Car Electric Technology Co. Ltd. since November 2021, and a chairman of Suzhou Zhongyao Technology Co. Ltd. since February 2022. Moreover, Mr. Ni developed his competence in business management from his prior working experience. He was a chairman of Hangzhou Shunli Optoelectronics Technology Co. Ltd. from February 2018 to February 2024, a director of Ningbo Shuncheng Intelligent Technology Co. Ltd. from October 2018 to July 2020, a chairman of Ningbo Herun Intelligent Optoelectronics Co. Ltd. from August 2021 to May 2022 and an executive director of Ningbo Sunny Precision Inspection Co. Ltd. from June 2023 to October 2024. Mr. Ni obtained a master's degree in Business Administration for Senior Management Personnel from Xiamen University, the PRC in June 2017 and a qualification certificate of senior economist issued by the government of Ningbo, the PRC in October 2004. Mr. Ni is the nephew of Mr. Wang Wenjian, a non-executive Director and the cousin of Mr. Wang Tan Jiong, a non-executive Director. Mr. Feng Hua Jun ("Mr. Feng ") tendered his resignation as a member of the Remuneration Committee with effect from 1 July 2025. Mr. Feng remains an independent non-executive Director and a member of each of the audit committee of the Board, the nomination committee of the Board and the Strategy and Development Committee. Announcement • Mar 25
Sunny Optical Technology (Group) Company Limited announces Annual dividend, payable on June 27, 2025 Sunny Optical Technology (Group) Company Limited announced Annual dividend of HKD 0.5320 per share payable on June 27, 2025, ex-date on June 05, 2025 and record date on June 06, 2025. Announcement • Mar 24
Sunny Optical Technology (Group) Company Limited, Annual General Meeting, May 27, 2025 Sunny Optical Technology (Group) Company Limited, Annual General Meeting, May 27, 2025. Announcement • Feb 28
Sunny Optical Technology (Group) Company Limited to Report Fiscal Year 2024 Results on Mar 24, 2025 Sunny Optical Technology (Group) Company Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 24, 2025 Announcement • Dec 31
Sunny Optical Technology (Group) Company Limited Announces Director and Committee changes The board of directors of Sunny Optical Technology (Group) Company Limited announced that Mr. Shao Yang Dong has tendered his resignation to the Company in respect of his position as an independent non-executive Director, and ceased to be the chairman of the remuneration committee of the Board (the "Remuneration Committee") and a member of each of the audit committee of the Board and nomination committee of the Board with effect from 1 January 2025 due to personal reasons. The Board hereby announced that Mr. Chen Gang has been appointed as an independent non-executive Director, a chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee with effect from 1 January 2025. Mr. Chen, aged 43, has been a managing director of Yuantai Investment Partners Management, LLC since May 2016, and is responsible for the fund's investment and management. Mr. Chen was the deputy director of strategic management department of Vipshop (China) Co. Ltd. from January 2015 to May 2016, and an integration process director of Anheuser-Busch InBev (China) Co. Ltd. from January 2014 to January 2015. Mr. Chen worked at Boston Consulting (Shanghai) Co. Ltd. in which his last position was a project leader, and he was responsible for leading and executing various strategic management projects from August 2006 to December 2013. Mr. Chen graduated from the department of automation of Tsinghua University in the People's Republic of China with a bachelor's degree of engineering in July 2004 and a master's degree of engineering in July 2006. Mr. Chen also obtained a Master of Business Administration from Leland Stanford Junior University in the United States of America in June 2011. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$56.15, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Electronic industry in Hong Kong. Total loss to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$51.89 per share. Announcement • Sep 30
Sunny Optical Technology (Group) Company Limited Appoints Wang Tan Jiong as Non-Executive Director and Member of Nomination Committee and Strategy and Development Committee, Effective 1 October 2024 The board of directors of Sunny Optical Technology (Group) Company Limited announced that Mr. Wang Tan Jiong (Mr. Wang) has been appointed as a non-executive Director and a member of each of nomination committee and strategy and development committee of the Board with effect from 1 October 2024. Mr. Wang, aged 48, joined the Group in September 1996, and he mainly engaged in the marketing of instruments business and was responsible for developing overseas business. From September 2007, he worked as general manager's assistant at Ningbo Sunny Electronic Limited and he was responsible for formulating company strategies, expanding business, and managing operations until April 2009. Mr. Wang has been focusing on overseas investment activities, including private and public capital markets, as well as other investments since May 2009. Mr. Wang studied Foreign Trade in English at Ningbo University in the People's Republic of China from 1994 to 1996. Mr. Wang is the son of Mr. Wang Wenjian, non-executive Director. The Board is of the view that the said appointment shall further leverage and reinforce the role of controlling shareholders on the Board. The Board also announced that Mr. Wang has also been appointed as a member of each of nomination committee and strategy and development committee of the Board with effect from 1 October 2024. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$55.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$53.60 per share. Reported Earnings • Aug 21
First half 2024 earnings released: EPS: CN¥0.99 (vs CN¥0.40 in 1H 2023) First half 2024 results: EPS: CN¥0.99 (up from CN¥0.40 in 1H 2023). Revenue: CN¥18.9b (up 32% from 1H 2023). Net income: CN¥1.08b (up 147% from 1H 2023). Profit margin: 5.7% (up from 3.1% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 03
Now 21% undervalued Over the last 90 days, the stock has risen 1.3% to HK$41.95. The fair value is estimated to be HK$52.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 48%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Announcement • Jul 29
Sunny Optical Technology (Group) Company Limited to Report First Half, 2024 Results on Aug 20, 2024 Sunny Optical Technology (Group) Company Limited announced that they will report first half, 2024 results on Aug 20, 2024 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$50.05, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Electronic industry in Hong Kong. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$47.54 per share. Buy Or Sell Opportunity • May 29
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to HK$42.85. The fair value is estimated to be HK$35.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 48%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Upcoming Dividend • May 23
Upcoming dividend of HK$0.22 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (3.0%). Buy Or Sell Opportunity • May 09
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to HK$42.90. The fair value is estimated to be HK$35.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 48%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Apr 23
Sunny Optical Technology (Group) Company Limited, Annual General Meeting, May 24, 2024 Sunny Optical Technology (Group) Company Limited, Annual General Meeting, May 24, 2024, at 09:30 China Standard Time. Location: United Conference Centre, 10/F., United Centre Queensway Hong Kong Agenda: To receive and consider approval of the audited consolidated accounts and the reports of the Directors of the Company and the auditors of the Company for the year ended 31 December 2023; to declare a final dividend for the year ended 31 December 2023; to re-appoint Deloitte Touche Tohmatsu as the Company's external auditors and to authorise the Board to fix their remuneration; and to consider other matters. Reported Earnings • Apr 23
Full year 2023 earnings released: EPS: CN¥1.01 (vs CN¥2.20 in FY 2022) Full year 2023 results: EPS: CN¥1.01 (down from CN¥2.20 in FY 2022). Revenue: CN¥31.7b (down 4.6% from FY 2022). Net income: CN¥1.10b (down 54% from FY 2022). Profit margin: 3.5% (down from 7.3% in FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 48% per year whereas the company’s share price has fallen by 43% per year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to HK$41.55, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$50.26 per share. Declared Dividend • Mar 22
Dividend of HK$0.22 announced Shareholders will receive a dividend of HK$0.22. Ex-date: 30th May 2024 Payment date: 28th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.2%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 6%. Announcement • Mar 21
Sunny Optical Technology (Group) Company Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 28 June 2024 Sunny Optical Technology (Group) Company Limited proposed final dividend of HKD 0.219 per share for the year ended December 31, 2023. Date of shareholders' approval is 24 May 2024, Ex-dividend date is 30 May 2024, Record date is 03 June 2024 and Payment date is 28 June 2024. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: CN¥1.01 (vs CN¥2.20 in FY 2022) Full year 2023 results: EPS: CN¥1.01 (down from CN¥2.20 in FY 2022). Revenue: CN¥31.7b (down 4.6% from FY 2022). Net income: CN¥1.10b (down 54% from FY 2022). Profit margin: 3.5% (down from 7.3% in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Feb 28
Sunny Optical Technology (Group) Company Limited to Report Fiscal Year 2023 Results on Mar 20, 2024 Sunny Optical Technology (Group) Company Limited announced that they will report fiscal year 2023 results on Mar 20, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$47.75, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 78% over the past three years. Announcement • Jan 30
Sunny Optical Technology (Group) Company Limited Provides Group Earnings Guidance for the Year Ended 31 December 2023 The board of directors of Sunny Optical Technology (Group) Company Limited informed the shareholders and potential investors of the Company that based on the information currently available to the Company and the preliminary review and analysis of the unaudited management accounts of the Group for the year ended 31 December 2023, which have not been audited or reviewed by the auditors of the Company and/or the audit committee of the Board, the Group is expected to record a profit attributable to owners of the Company for the year ended 31 December 2023, amounting to approximately RMB 1,083.5 million to RMB 1,203.9 million, which represents a decrease by approximately 50% to 55% as compared to that for the year ended 31 December 2022, being approximately RMB 2,407.8 million. Announcement • Dec 28
Sunny Optical Technology (Group) Company Limited Announces Resignation of Zhang Yuqing as Independent Non-Executive Director, the Chairman of the Audit Committee of the Board and A Member of the Remuneration Committee, Effective 1 January 2024 The board (the "Board") of directors of Sunny Optical Technology (Group) Company Limited announces that Mr. Zhang Yuqing ("Mr. Zhang") has tendered his resignation to the Company in respect of his positions as the independent non-executive Director, the chairman of the audit committee of the Board and a member of the remuneration committee of the Board with effect from 1 January 2024 in order to devote more time to his personal affairs. Announcement • Nov 01
Sunny Optical Technology (Group) Company Limited announced that it has received CNY 4.5 billion in funding from Sunny Zhejiang Optics, Qinhuangdao Boguan Technology Co., Ltd., Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Ant Group Co., Ltd., Transfar Zhilian Co., Ltd. Sunny Optical Technology (Group) Company Limited closed the transaction on October 31, 2023. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$61.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$118 per share. Announcement • Sep 29
Sunny Optical Technology (Group) Company Limited announced that it expects to receive CNY 4.5 billion in funding from Sunny Zhejiang Optics, Qinhuangdao Boguan Technology Co., Ltd., Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Ant Group Co., Ltd., Transfar Zhilian Co., Ltd. Sunny Optical Technology (Group) Company Limited announced that it has entered into the share subscription agreement to issue common shares for the gross proceeds of CNY 4,500,000,000 on September 28, 2023. The transaction will include participation from returning investor Sunny Zhejiang Optics for CNY 270,000,000 and other existing investors Qinhuangdao Boguan Technology Co., Ltd., Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Ant Group Co., Ltd., Transfar Zhilian Co., Ltd., Hangzhou Jintou and Chongqing Yufu for CNY 4,230,000,000. Upon completion of the capital increase contemplated under the share subscription agreement, Sunny Zhejiang Optics will hold 6% equity interests in the company as enlarged by the capital increase and will become the third largest equity owner of the company. Reported Earnings • Aug 23
First half 2023 earnings released: EPS: CN¥0.40 (vs CN¥1.24 in 1H 2022) First half 2023 results: EPS: CN¥0.40 (down from CN¥1.24 in 1H 2022). Revenue: CN¥14.3b (down 16% from 1H 2022). Net income: CN¥436.7m (down 68% from 1H 2022). Profit margin: 3.1% (down from 8.0% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
Sunny Optical Technology (Group) Company Limited to Report First Half, 2023 Results on Aug 22, 2023 Sunny Optical Technology (Group) Company Limited announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • Jul 22
Sunny Optical Technology (Group) Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Sunny Optical Technology (Group) Company Limited provided consolidated earnings guidance for the six months ended 30 June 2023. The group is expected to record a profit attributable to owners of the Company for the six months ended 30 June 2023, amounting to approximately RMB 407.4 million to RMB 475.3 million, which represents a decrease by approximately 65% to 70% as compared to that for the six months ended 30 June 2022, being approximately RMB 1,357.9 million. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$67.35, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$104 per share. Buying Opportunity • Jun 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be HK$97.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 9.1%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Upcoming Dividend • May 23
Upcoming dividend of HK$0.50 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 28 June 2023. Trailing yield: 0.6%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (3.0%). Buying Opportunity • May 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be HK$103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 9.1%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Buying Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be HK$104, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 9.1%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: CN¥2.20 (vs CN¥4.57 in FY 2021) Full year 2022 results: EPS: CN¥2.20 (down from CN¥4.57 in FY 2021). Revenue: CN¥33.2b (down 12% from FY 2021). Net income: CN¥2.41b (down 52% from FY 2021). Profit margin: 7.3% (down from 13% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 13
Sunny Optical Technology (Group) Company Limited Provides Group Earnings Guidance for the Year Ended 31 December 2022 The board of directors of Sunny Optical Technology (Group) Company Limited informed the shareholders and potential investors of the Company that based on the information currently available to the Company and the preliminary review and analysis of the unaudited management accounts of the Group for the year ended 31 December 2022, which have not been audited or reviewed by the auditors of the Company and/or the audit committee of the Board, the Group is expected to record a profit attributable to owners of the Company for the year ended 31 December 2022, amounting to approximately RMB 2,244.6 million to RMB 2,494.0 million, which represents a decrease by approximately 50% to 55% as compared to that for the year ended 31 December 2021, being approximately RMB 4,988.0 million. Based on the information available to the Company immediately preceding the publication of this announcement, the Board considers that such expected decrease was primarily attributable to: the factors such as the resurgence of the pandemic, chip shortage, Russian-Ukrainian conflict, inflation and the uncertainties in the global economy in the year of 2022, the smartphone market experienced weak demand and the smartphone camera showed a trend of de-specification, which resulted in the year-on-year decrease of the shipment volume of handset lens sets and handset camera modules of the Group, with increasing pressure on average selling prices and gross profit margins; and the depreciation of the Renminbi in the year of 2022, an unrealised foreign exchange loss amounting to approximately RMB 353.3 million was caused by the USD 600.0 million bonds issued by the Company on 23 January 2018, which was a non-cash item. Announcement • Jan 12
Sunny Optical Technology (Group) Company Limited announced that it has received funding from Sunny Zhejiang Optics On January 11, 2023, Sunny Optical Technology (Group) Company Limited closed the transaction. Announcement • Jan 04
Sunny Optical Technology (Group) Company Limited Appoints Jia Lina to Board and Committees The board of directors of Sunny Optical Technology (Group) Company Limited announced that Ms. Jia Lina (‘ Ms. Jia ‘) has been appointed as an independent non-executive Director and a member of both audit committee, remuneration committee, nomination committee of the Board with effect from 1 January 2023. Ms. Jia, aged 55, has been working as a managing partner and director of Jonten Certified Public Accountants (Limited Liability Partnership) (Jiangsu branch) since December 2017. Ms. Jia has been an independent non-executive director of Morgan Stanley Huaxin Fund Management Co. Ltd. since February 2016. Ms. Jia obtained a bachelor's degree in economic trade in July 1989, a postgraduate diploma from the department of trade economics and department of business economics in July 1992 and a master's degree in economics from Dongbei University of Finance and Economics in October 1992. Ms. Jia was qualified as an accountant from the Chinese Institute of Certified Public Accountants in December 1996. Ms. Jia was awarded a Jiangsu province advanced professional and technical qualification certificate issued by the Office of Human Resources and Social Security of Jiangsu province in June 2020. Changes in compositions of the audit committee, the nomination committee and the remuneration committee: The Board also hereby announced that Ms. Jia has also been appointed as a member of the audit committee, the nomination committee, and the remuneration committee of the Board with effect from 1 January 2023. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 15% share price gain to HK$104, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$94.28 per share. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yang Dong Shao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 17% share price gain to HK$78.95, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$80.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total loss to shareholders of 28% over the past three years. Reported Earnings • Aug 17
First half 2022 earnings released: EPS: CN¥1.24 (vs CN¥2.46 in 1H 2021) First half 2022 results: EPS: CN¥1.24 (down from CN¥2.46 in 1H 2021). Revenue: CN¥17.0b (down 14% from 1H 2021). Net income: CN¥1.36b (down 50% from 1H 2021). Profit margin: 8.0% (down from 14% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 11% 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 • Jun 29
Investor sentiment improved over the past week After last week's 27% share price gain to HK$137, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$225 per share. Upcoming Dividend • May 20
Upcoming dividend of HK$1.12 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.2%). Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 19% share price gain to HK$114, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$223 per share. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yang Dong Shao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$107, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 11% over the past three years. Buying Opportunity • Mar 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥200, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. Earnings per share has grown by 29% per annum over the last 3 years. Reported Earnings • Aug 19
First half 2021 earnings released: EPS CN¥2.46 (vs CN¥1.60 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥19.8b (up 5.1% from 1H 2020). Net income: CN¥2.69b (up 54% from 1H 2020). Profit margin: 14% (up from 9.3% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥229, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$208 per share. Upcoming Dividend • May 21
Upcoming dividend of HK$1.06 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 24 June 2021. Trailing yield: 0.6%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (4.2%). Reported Earnings • Apr 15
Full year 2020 earnings released: EPS CN¥4.46 (vs CN¥3.65 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥38.0b (flat on FY 2019). Net income: CN¥4.87b (up 22% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2020 earnings released The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥38.0b (flat on FY 2019). Net income: CN¥4.87b (up 22% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). Is New 90 Day High Low • Feb 04
New 90-day high: HK$226 The company is up 54% from its price of HK$147 on 06 November 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$133 per share. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥221, the stock is trading at a trailing P/E ratio of 47x, up from the previous P/E ratio of 40.5x. This compares to an average P/E of 15x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 95%. Is New 90 Day High Low • Jan 18
New 90-day high: HK$205 The company is up 58% from its price of HK$130 on 21 October 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$133 per share. Recent Insider Transactions • Jan 08
Founder & Honorary Chairman recently sold HK$37m worth of stock On the 6th of January, Wenjian Wang sold around 200k shares on-market at roughly HK$185 per share. In the last 3 months, they made an even bigger sale worth HK$45m. Wenjian has been a seller over the last 12 months, reducing personal holdings by HK$82m. Is New 90 Day High Low • Dec 24
New 90-day high: HK$162 The company is up 37% from its price of HK$119 on 25 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$131 per share. Recent Insider Transactions • Nov 12
Founder & Honorary Chairman recently sold HK$45m worth of stock On the 10th of November, Wenjian Wang sold around 300k shares on-market at roughly HK$149 per share. This was the largest sale by an insider in the last 3 months. This was Wenjian's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 21% share price gain to CN¥159, the stock is trading at a trailing P/E ratio of 34.4x, up from the previous P/E ratio of 28.3x. This compares to an average P/E of 12x in the Electronic industry in Hong Kong. Total returns to shareholders over the past three years are 9.1%. Is New 90 Day High Low • Nov 09
New 90-day high: HK$159 The company is up 13% from its price of HK$141 on 11 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$112 per share. Announcement • Jul 31
Sunny Optical Technology (Group) Company Limited to Report First Half, 2020 Results on Aug 17, 2020 Sunny Optical Technology (Group) Company Limited announced that they will report first half, 2020 results on Aug 17, 2020