Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 2.06B | 1.76B | 1.56B | 1.36B | 1.09B |
Gross Profit | 795.10M | 658.13M | 537.87M | 460.16M | 382.05M |
EBITDA | 582.02M | 465.77M | 354.97M | 296.89M | 248.04M |
Net Income | 428.28M | 327.02M | 248.57M | 183.52M | 128.46M |
Balance Sheet | |||||
Total Assets | 2.39B | 1.98B | 1.79B | 1.81B | 1.44B |
Cash, Cash Equivalents and Short-Term Investments | 648.52M | 551.52M | 452.14M | 735.34M | 201.85M |
Total Debt | 317.54M | 214.95M | 355.08M | 599.23M | 675.60M |
Total Liabilities | 803.23M | 589.41M | 643.02M | 873.95M | 939.67M |
Stockholders Equity | 1.59B | 1.39B | 1.15B | 937.40M | 504.53M |
Cash Flow | |||||
Free Cash Flow | 252.62M | 348.50M | 65.59M | 20.52M | 192.17M |
Operating Cash Flow | 477.81M | 480.68M | 185.12M | 58.28M | 243.09M |
Investing Cash Flow | -152.13M | -273.24M | -158.76M | 140.44M | 4.70M |
Financing Cash Flow | -157.07M | -212.35M | -281.00M | 189.27M | -108.05M |
Shanghai Conant Optical Co., Ltd. announced changes in the composition of its Nomination and Remuneration Committees, effective from July 3, 2025. Dr. Wu Ying has moved from the Remuneration Committee to the Nomination Committee, while Mr. Chen Yi has taken over as chairman of the Remuneration Committee. These changes are in response to amendments in the Hong Kong Stock Exchange’s Listing Rules and aim to enhance corporate governance practices, balance responsibilities, and strengthen committee effectiveness.
Shanghai Conant Optical Co., Ltd. announced a discloseable transaction involving the subscription of financial products totaling US$45 million, split between Huatai International Financial Product and Citigroup Financial Product. This strategic financial move is subject to notification and announcement requirements under the Hong Kong Listing Rules, indicating a significant investment decision that could impact the company’s financial positioning and stakeholder interests.
Shanghai Conant Optical Co., Ltd. has announced a final cash dividend of RMB 0.16 per share for the year ending December 31, 2024, with the payment to be made in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.0922. The dividend will be distributed to shareholders on August 11, 2025, with specific withholding tax rates applied to non-resident enterprises and individuals, potentially impacting the net dividend received by international stakeholders.
Shanghai Conant Optical Co., Ltd. held its Annual General Meeting (AGM) on June 12, 2025, where all proposed resolutions were passed by shareholders. The meeting, compliant with PRC laws and regulations, saw a 6.93% shareholder turnout, and resolutions including the approval of the annual report, board report, supervisory committee report, and consolidated financial statements for the year ended December 31, 2024, were overwhelmingly supported.
Shanghai Conant Optical Co., Ltd. has announced a final cash dividend of RMB 0.16 per share for the financial year ending December 31, 2024, with the payment to be made in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.0922. The dividend distribution reflects the company’s financial health and commitment to returning value to its shareholders, with specific withholding tax rates applied based on the residency status of the shareholders, impacting non-resident enterprises and individuals differently.
Shanghai Conant Optical Co., Ltd. announced plans to invest approximately $4 million in a new automated RX resin lens production line in Japan through its subsidiary, Asahi Lite Optical Co., Ltd. This strategic move aims to strengthen the company’s supply chain resilience, particularly in the U.S. market, and enhance responsiveness in the Asia Pacific region. The initiative is expected to increase production capacity by 20% and reduce overall production costs by synergizing with existing bases in China. This investment marks a significant step in the company’s global manufacturing strategy, reinforcing its position in the high-end optical resin lens market.
Shanghai Conant Optical Co., Ltd. has announced its annual general meeting (AGM) scheduled for June 12, 2025, where shareholders will consider and approve various resolutions including the annual report, financial statements, and the re-appointment of Deloitte Touche Tohmatsu as the company’s auditor. Additionally, a special resolution will be discussed to grant the board a general mandate to issue new shares, potentially impacting the company’s capital structure and market positioning.
Shanghai Conant Optical Co., Ltd. announced that the recent U.S. tariff adjustments will have a limited impact on its business due to the low price sensitivity in the U.S. market and the stable demand for resin lenses as medical devices. The company has a robust supply chain with production bases in China and Japan, ensuring stable supply and cost efficiency. Despite the tariff changes, the company expects the overall revenue impact to be minimal, with high growth in markets outside the U.S. effectively hedging risks.
Shanghai Conant Optical Co., Ltd. announced a correction regarding the proposed purchase price of its restricted share units, clarifying it should be HK$4.58 per share instead of the previously misstated HK$26.05. The company has also decided to cancel previously granted share awards to reorganize the list of awardees and improve employee motivation. A new grant and vesting proposal has been introduced, which includes a structured vesting schedule to enhance the motivational impact on employees.