Leyard Optoelectronic Co Ltd

Leyard Optoelectronic Co Ltd maintains a relatively strong liquidity position, with a current ratio of 2.27, indicating that it has more than twice as many current assets as current liabilities. However, the company's net cash position is negative after subtracting total debt, which raises some liquidity concerns.

The company's profitability metrics are modest, with a return on equity (ROE) of 0.0033 and a return on assets (ROA) of 0.0019. These figures are below the typical thresholds for strong performance in the Electronic Equipment & Parts industry, suggesting that the company is not generating significant returns relative to its equity and asset base.

Leyard Optoelectronic Co Ltd's capital structure is relatively conservative, with a debt-to-equity ratio of 0.21. This indicates that the company is primarily financed through equity rather than debt, which reduces financial risk. However, the company's long-term debt of 1.72 billion CNY still represents a notable liability.

The company's growth trajectory appears to be modest, with no specific revenue growth rates provided in the available data. The company's operating cash flow of 206.5 million CNY and capital expenditures of -102.6 million CNY suggest that it is generating positive cash flow from operations but is also investing in its operations.

Risk factors for Leyard Optoelectronic Co Ltd include medium liquidity risk, as noted in the risk assessment. The company's dilution risk is assessed as low, which is a positive sign for shareholders. However, the negative net cash position after subtracting total debt is a concern that could affect the company's ability to meet short-term obligations.

Recent events and disclosures indicate that the company has a mean and median price target of 7.00 CNY from analysts, suggesting a stable outlook. The company's ESG score of 62.93 and environment pillar score of 68.97 indicate a moderate level of environmental responsibility, which is a positive factor in the current regulatory and market environment.

Net income surged 134.5% year-over-year to CNY 307 million, signaling a strong operational recovery.

Operating income jumped 142.6% to CNY 407 million, demonstrating significant improvement in core profitability.

Cash conversion ratio of 7.66 ranks best-in-class among 466 peers, highlighting superior efficiency.

Free cash flow turned positive with a 104.7% increase, reaching CNY 46 million in the latest period.

Debt-to-equity ratio of 0.21 is below the cohort median of 0.26, indicating a conservative leverage profile.

Revenue declined at a 5.5% CAGR over four years, reflecting persistent top-line contraction.

Net margin of 1.47% remains well below the cohort median of 3.54%, indicating weak profitability.

The company faces high credit risk, posing potential challenges to financial stability and borrowing costs.

Revenue ¥7.06B, −1,2% YoY; Operating income +142,6% YoY.

• ▍Revenue ¥7.06B, −1,2% YoY
• ▍Operating income +142,6% YoY
• ▍Net income +134,5% YoY
• ▍Free cash flow +104,7% YoY
• ▍Net margin 4.3%

Revenue ¥7.15B, −6,1% YoY; Operating income −389,2% YoY.

• ▍Revenue ¥7.15B, −6,1% YoY
• ▍Operating income −389,2% YoY
• ▍Net income −411,3% YoY
• ▍Free cash flow −565,7% YoY
• ▍Net margin -12.4%

Revenue ¥7.61B, −6,6% YoY; Operating income −9,7% YoY.

• ▍Revenue ¥7.61B, −6,6% YoY
• ▍Operating income −9,7% YoY
• ▍Net income +1,5% YoY
• ▍Free cash flow +126,4% YoY
• ▍Net margin 3.8%

Revenue ¥8.15B, −7,9% YoY; Operating income −50,6% YoY.

• ▍Revenue ¥8.15B, −7,9% YoY
• ▍Operating income −50,6% YoY
• ▍Net income −53,9% YoY
• ▍Free cash flow −58,0% YoY
• ▍Net margin 3.5%

Revenue ¥8.85B; Operating income ¥743.2M.

• ▍Revenue ¥8.85B
• ▍Operating income ¥743.2M
• ▍Net margin 6.9%