Valuation Update With 7 Day Price Move • 30m
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥43.64, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 272% over the past three years. Duyuru • Jun 30
Lens Technology Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Lens Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Price Target Changed • Jun 23
Price target increased by 8.8% to CN¥33.28 Up from CN¥30.58, the current price target is an average from 9 analysts. New target price is 38% below last closing price of CN¥53.32. Stock is up 143% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.79 last year. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥51.21, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 43x in the Electronic industry in China. Total returns to shareholders of 355% over the past three years. Duyuru • May 20
Lens Technology Co., Ltd. (SZSE:300433) proposed to acquire 72.19% stake in Ju Teng International Holdings Limited (SEHK:3336) for HKD 1.9 billion. Lens Technology Co., Ltd. (SZSE:300433) proposed to acquire 72.19% stake in Ju Teng International Holdings Limited (SEHK:3336) for HKD 1.9 billion on May 18, 2026. A cash consideration of HKD 1.91 billion valued at HKD 2.2 per share will be paid by Lens Technology Co., Ltd. As part of consideration, HKD 1.91 billion is paid towards common equity of Ju Teng International Holdings Limited. In a related transaction, Lens Technology Co., Ltd. will acquire stake in Ju Teng International Holdings Limited through a share purchase agreement. Upon completion of the transactions, Lens Technology Co., Ltd. will hold 100% stake in Ju Teng International Holdings Limited. The transaction will be financed through external loan facility of up to HKD 3 billion and/or internal cash resources.
The Board of Directors of Ju Teng International Holdings Limited formed a special committee for the transaction.
CITIC Securities Corporate Finance Limited acted as financial advisor for Lens Technology Co., Ltd. Duyuru • May 19
Lens Technology Co., Ltd. (SZSE:300433) entered into a share purchase agreement to acquire 27.81% stake in Ju Teng International Holdings Limited (SEHK:3336) from Cheng Li-Yu, Lin Mei-Li and Southern Asia Management Limited for approximately HKD 730 million. Lens Technology Co., Ltd. (SZSE:300433) entered into a share purchase agreement to acquire 27.81% stake in Ju Teng International Holdings Limited (SEHK:3336) from Cheng Li-Yu, Lin Mei-Li and Southern Asia Management Limited for approximately HKD 730 million on May 18, 2026. A cash consideration valued at HKD 2.2 per share will be paid by Lens Technology Co., Ltd. As part of consideration, HKD 734.17 million will be paid towards common equity of Ju Teng International Holdings Limited.
In a related transaction Lens Technology Co., Ltd. proposed a cash offer to acquire remaining 72.19% stake in Ju Teng International Holdings Limited for HKD 1.9 billion.
The transaction is subject to completion of the Reorganization Plan for the Group's Taiwan entities. Obtaining all required governmental and regulatory approvals, including antitrust consents in PRC and Vietnam (if any). Obtaining all necessary permits from the SFC and the Stock Exchange. Obtaining all required third-party consents. Key employee turnover rate not to exceed 10%, and new 3-year employment contracts to be signed.
The long stop date for the transaction is September 18, 2026. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥30.82, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.74 per share. Buy Or Sell Opportunity • Apr 17
Now 20% overvalued Over the last 90 days, the stock has fallen 34% to CN¥25.99. The fair value is estimated to be CN¥21.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Duyuru • Apr 16
Lens Technology Co., Ltd., Annual General Meeting, May 08, 2026 Lens Technology Co., Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: Meeting Room of Lens Technology (Changsha) Co., Ltd., Changsha, Hunan China Major Estimate Revision • Apr 11
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥82.0b to CN¥83.1b. EPS estimate increased from CN¥1.03 to CN¥1.16 per share. Net income forecast to grow 54% next year vs 50% growth forecast for Electronic industry in China. Consensus price target of CN¥32.27 unchanged from last update. Share price rose 7.9% to CN¥30.13 over the past week. Price Target Changed • Apr 09
Price target decreased by 7.9% to CN¥32.27 Down from CN¥35.05, the current price target is an average from 9 analysts. New target price is 8.8% above last closing price of CN¥29.67. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥0.79 last year. Duyuru • Apr 02
Lens Technology Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2025, Payable on or Before 6 July 2026 Lens Technology Co., Ltd. proposed to pay a cash final dividend of RMB 4.5 per 10 shares (tax inclusive) for the year ended 31 December 2025 to all Shareholders (including A-share and H-share Shareholders). There will be no bonus issue and no capitalisation of capital reserve. The expected payment date of the cash final dividend will be on or before 6 July 2026. This proposed profit distribution plan is subject to the consideration and approval at the 2025 AGM. The Company will announce the date and relevant arrangements of the 2025 AGM in due course. Duyuru • Mar 31
Lens Technology Co., Ltd. to Report Q1, 2026 Results on Apr 15, 2026 Lens Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 15, 2026 Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.79 (up from CN¥0.73 in FY 2024). Revenue: CN¥74.4b (up 6.5% from FY 2024). Net income: CN¥4.02b (up 11% from FY 2024). Profit margin: 5.4% (up from 5.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to CN¥27.88. The fair value is estimated to be CN¥35.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Duyuru • Jan 29
Lens Technology Co., Ltd. Appoints Tang Xiangxi as Independent Non-Executive Director, Chairman of Audit Committee, and Chairman of Remuneration and Appraisal Committee, Effective January 29, 2026 Lens Technology Co., Ltd. announced that Mr. Tang Xiangxi has been appointed as an independent non-executive Director, and succeeded Mr. Xie Zhiming’s former roles as the chairman of the Audit Committee and the chairman of the Remuneration and Appraisal Committee. His term of office will commence from the date of approval at the EGM until the expiry of the term of the fifth session of the Board of the Company. Mr. Tang, as a new independent non-executive Director, has confirmed his independence as regards each of the factors referred to in Rules 3.13(1) to (8) of the Hong Kong Listing Rules, that he does not have any past or present financial or other interest in the business of the Company or its subsidiaries, nor any connection with any core connected person of the Company, and that there are no other factors that may affect his independence at the time of his appointment. Upon the appointment of Mr. Tang becoming effective from the date of resolution at the EGM, the Company has recomplied with the requirements of the above Hong Kong Listing Rules and satisfied the terms of reference and procedures of the Audit Committee and the Remuneration and Appraisal Committee regarding each of them consisting of a minimum of three members. The Board comprises: Ms. Chau Kwan Fei, Mr. Cheng Chun Lung and Mr. Rao Qiaobing as executive Directors; and Ms. Wan Wei, Mr. Liu Yue, Mr. Tian Hong and Mr. Tang Xiangxi as independent non-executive Directors. The EGM was held on January 29, 2026. Buy Or Sell Opportunity • Jan 12
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to CN¥42.66. The fair value is estimated to be CN¥34.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥38.69, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 289% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.27 per share. Duyuru • Dec 31
Lens Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Lens Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Price Target Changed • Dec 11
Price target increased by 7.2% to CN¥34.49 Up from CN¥32.16, the current price target is an average from 10 analysts. New target price is 13% above last closing price of CN¥30.65. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥0.73 last year. Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.32 in 3Q 2024). Revenue: CN¥20.7b (up 19% from 3Q 2024). Net income: CN¥1.70b (up 13% from 3Q 2024). Profit margin: 8.2% (down from 8.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 21% 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 but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥28.59, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 211% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.69 per share. Duyuru • Sep 30
Lens Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Lens Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 09
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 6.9% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Price Target Changed • Aug 28
Price target increased by 12% to CN¥30.59 Up from CN¥27.26, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥31.82. Stock is up 89% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥0.73 last year. Duyuru • Aug 26
Lens Technology Co., Ltd. Announces Interim Dividend for the Six Months Ended June 30, 2025, Payable on 24 October 2025 Lens Technology Co., Ltd. announced interim dividend of RMB 1 per 10 share for the six months ended June 30, 2025. Ex-dividend date is 16 September 2025. Record date is 23 September 2025. Payment date is 24 October 2025. Reported Earnings • Aug 26
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.11 in 2Q 2024). Revenue: CN¥15.9b (up 19% from 2Q 2024). Net income: CN¥713.8m (up 29% from 2Q 2024). Profit margin: 4.5% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 19% 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 41% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥28.34, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.36 per share. Duyuru • Jul 09
Lens Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 4.767829 billion. Lens Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 4.767829 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 118,015,600
Price\Range: HKD 18.18
Discount Per Security: HKD 0.0909
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 61,769,400
Price\Range: HKD 18.18
Discount Per Security: HKD 0.0909
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 82,471,800
Price\Range: HKD 18.18
Discount Per Security: HKD 0.0909
Transaction Features: New Market Listing; Regulation S; Rule 144A Duyuru • Jul 02
Lens Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Lens Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Duyuru • Jun 30
Lens Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 5.483001 billion. Lens Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 5.483001 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 28,848,400
Price\Range: HKD 17.38 to HKD 18.18
Discount Per Security: HKD 0.0909
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 190,293,555
Price\Range: HKD 17.38 to HKD 18.18
Discount Per Security: HKD 0.0909
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 82,453,245
Price\Range: HKD 17.38 to HKD 18.18
Discount Per Security: HKD 0.0909
Transaction Features: New Market Listing; Regulation S; Rule 144A Declared Dividend • Jun 13
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 24
Price target decreased by 7.1% to CN¥26.14 Down from CN¥28.13, the current price target is an average from 7 analysts. New target price is 28% above last closing price of CN¥20.35. Stock is up 51% over the past year. The company is forecast to post earnings per share of CN¥1.02 for next year compared to CN¥0.73 last year. Duyuru • Apr 22
Lens Technology Co., Ltd. Approves Final Cash Dividend for 2024 Lens Technology Co., Ltd. in its Annual General Meeting of 2024 on 18 April 2025 approved Final cash dividend/10 shares (tax included) of CNY 4.00000000 for 2024. Duyuru • Apr 08
Lens Technology Co., Ltd. (SZSE:300433) announces an Equity Buyback for CNY 1,000 million worth of its shares. Lens Technology Co., Ltd. (SZSE:300433) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. New Risk • Apr 07
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to CN¥18.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.17 per share. Buy Or Sell Opportunity • Apr 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CN¥18.06. The fair value is estimated to be CN¥24.17, 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 47%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Duyuru • Mar 31
Lens Technology Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Lens Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Duyuru • Mar 29
Lens Technology Co., Ltd. Proposes Final Dividend for 2024 Lens Technology Co., Ltd. announced on 28 March 2025 the profit distribution proposal for 2024 as follows: Final Cash dividend per 10 shares (tax included) of CNY 4.00000000. Reported Earnings • Mar 28
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.73 (up from CN¥0.61 in FY 2023). Revenue: CN¥69.9b (up 28% from FY 2023). Net income: CN¥3.62b (up 20% from FY 2023). Profit margin: 5.2% (down from 5.5% in FY 2023). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 9.3%. Revenue is forecast to grow 16% 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 47% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 28
Lens Technology Co., Ltd., Annual General Meeting, Apr 18, 2025 Lens Technology Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: Meeting Room of Lens Technology (Changsha) Co., Ltd., Changsha, Hunan China Price Target Changed • Mar 22
Price target increased by 9.7% to CN¥26.71 Up from CN¥24.35, the current price target is an average from 9 analysts. New target price is 6.2% above last closing price of CN¥25.14. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥0.61 last year. New Risk • Jan 31
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 8.9% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Duyuru • Jan 22
Lens Technology Co., Ltd. Announces Board Appointments Lens Technology Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 20 January 2025, announced the appointment of Tian Hong, independent director, Xie Zhiming, independent director. Chen Xiaoqun, non-employee supervisor. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥26.60, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.77 per share. Duyuru • Dec 31
Lens Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Lens Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Buy Or Sell Opportunity • Dec 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.6% to CN¥22.42. The fair value is estimated to be CN¥18.49, 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 26%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 60% in the next 2 years. Buy Or Sell Opportunity • Dec 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to CN¥22.43. The fair value is estimated to be CN¥18.50, 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 26%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Buy Or Sell Opportunity • Nov 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to CN¥22.77. The fair value is estimated to be CN¥18.59, 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 26%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Reported Earnings • Oct 21
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.32 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥17.4b (up 27% from 3Q 2023). Net income: CN¥1.51b (up 38% from 3Q 2023). Profit margin: 8.7% (up from 8.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 14% 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 increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥22.52. The fair value is estimated to be CN¥18.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Duyuru • Sep 30
Lens Technology Co., Ltd. to Report Q3, 2024 Results on Oct 21, 2024 Lens Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 21, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.54 per share. Reported Earnings • Aug 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.097 in 2Q 2023). Revenue: CN¥13.4b (up 29% from 2Q 2023). Net income: CN¥552.1m (up 13% from 2Q 2023). Profit margin: 4.1% (down from 4.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 15% 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 increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to CN¥16.90. The fair value is estimated to be CN¥13.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Price Target Changed • Jul 15
Price target increased by 7.1% to CN¥17.66 Up from CN¥16.49, the current price target is an average from 9 analysts. New target price is 9.6% below last closing price of CN¥19.53. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.61 last year. Duyuru • Jun 29
Lens Technology Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024 Lens Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024 New Risk • Apr 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.61 (up from CN¥0.50 in FY 2022). Revenue: CN¥54.5b (up 17% from FY 2022). Net income: CN¥3.02b (up 23% from FY 2022). Profit margin: 5.5% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 11% 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 fallen by 29% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Duyuru • Mar 30
Lens Technology Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Lens Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Buy Or Sell Opportunity • Mar 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 2.7% to CN¥13.31. The fair value is estimated to be CN¥10.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Duyuru • Dec 29
Lens Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Lens Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 20
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.20 in 3Q 2022). Revenue: CN¥13.6b (up 10.0% from 3Q 2022). Net income: CN¥1.10b (up 2.9% from 3Q 2022). Profit margin: 8.0% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 15% 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 38% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.097 (up from CN¥0.022 in 2Q 2022). Revenue: CN¥10.3b (up 5.0% from 2Q 2022). Net income: CN¥489.7m (up 359% from 2Q 2022). Profit margin: 4.7% (up from 1.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Duyuru • May 27
Lens Technology Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date of 01 June 2023 Lens Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.00000000. Record date: 31 May 2023, Ex-date: 01 June 2023 Payment date: 01 June 2023 10 % withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY0.20000000(10% x CNY2.00000000) Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000). Duyuru • May 20
Lens Technology Approves Cash Dividend for 2022 Lens Technology Co., Ltd. approved profit distribution proposal of final cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2022. Reported Earnings • Apr 23
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.50 (up from CN¥0.42 in FY 2021). Revenue: CN¥46.7b (up 3.1% from FY 2021). Net income: CN¥2.49b (up 20% from FY 2021). Profit margin: 5.3% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 16% 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 fallen by 46% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Mar 31
Consensus EPS estimates increase by 28% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥0.639 to CN¥0.817. Revenue forecast steady at CN¥57.3b. Net income forecast to grow 63% next year vs 45% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥12.96. Share price fell 2.7% to CN¥13.51 over the past week. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.42 in FY 2021) Full year 2022 results: EPS: CN¥0.50 (up from CN¥0.42 in FY 2021). Revenue: CN¥46.7b (up 3.1% from FY 2021). Net income: CN¥2.49b (up 20% from FY 2021). Profit margin: 5.3% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 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 46% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buying Opportunity • Feb 23
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be CN¥16.16, 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. Meanwhile, the company became loss making. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Director Qiao Bing Rao 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: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.20 in 3Q 2021). Revenue: CN¥12.4b (down 1.1% from 3Q 2021). Net income: CN¥1.06b (up 7.6% from 3Q 2021). Profit margin: 8.6% (up from 7.9% in 3Q 2021). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 16% 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 34% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.022 (down from CN¥0.22 in 2Q 2021). Revenue: CN¥9.85b (up 4.8% from 2Q 2021). Net income: CN¥106.7m (down 90% from 2Q 2021). Profit margin: 1.1% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 84%. Over the next year, revenue is forecast to grow 33%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Board Change • Jun 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Director Qiao Bing Rao 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. Price Target Changed • May 27
Price target decreased to CN¥14.79 Down from CN¥17.14, the current price target is an average from 11 analysts. New target price is 50% above last closing price of CN¥9.89. Stock is down 66% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.42 last year. Duyuru • May 27
Lens Technology Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 01 June 2022 Lens Technology Co., Ltd. announced final cash dividend of CNY 1.00000000 per 10 shares on A shares for 2021. Record date is 31 May 2022, Ex-date is 01 June 2022 and Payment date is 01 June 2022. Major Estimate Revision • May 24
Consensus EPS estimates increase by 52% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥53.8b to CN¥55.0b. EPS estimate increased from CN¥0.58 to CN¥0.89 per share. Net income forecast to grow 950% next year vs 44% growth forecast for Electronic industry in China. Consensus price target down from CN¥17.14 to CN¥16.31. Share price was steady at CN¥9.60 over the past week. Duyuru • May 20
Lens Technology Co., Ltd. Approves Cash Dividend for 2021 Lens Technology Co., Ltd. approved cash dividend of CNY 1.00000000 (tax included) per 10 shares for 2021, at its Annual General Meeting of 2021 on 18 May 2022. Price Target Changed • May 01
Price target decreased to CN¥19.38 Down from CN¥22.29, the current price target is an average from 10 analysts. New target price is 91% above last closing price of CN¥10.16. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥0.60 for next year compared to CN¥0.42 last year. Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 17% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥59.6b to CN¥49.7b. EPS estimate fell from CN¥1.17 to CN¥0.55 per share. Net income forecast to grow 752% next year vs 42% growth forecast for Electronic industry in China. Consensus price target down from CN¥22.29 to CN¥20.94. Share price fell 5.9% to CN¥10.16 over the past week. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.083 loss per share (down from CN¥0.24 profit in 1Q 2021). Revenue: CN¥9.33b (down 22% from 1Q 2021). Net loss: CN¥411.4m (down 134% from profit in 1Q 2021). Revenue missed analyst estimates by 29%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 27%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 
