Shanghai Conant Optical Co. Ltd. Class H (HK:2276)
:2276
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Shanghai Conant Optical Co. Ltd. Class H
(2276)
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Rating:72Outperform
Price Target:
HK$69.00
▲(27.54% Upside)
Action:ReiteratedDate:01/15/26
Score is driven primarily by strong financial performance (growth, profitability, low leverage, and high-quality operating cash flow) and supported by bullish technical positioning (above key moving averages with positive MACD). The main constraint is valuation, with a high P/E and limited dividend yield.
Positive Factors
Revenue Growth
Consistent mid-teens revenue growth and multi-year increases indicate durable demand and successful commercial execution. Sustained top-line expansion supports scale benefits, funds R&D and distribution investments, and underpins margin sustainability over the next several quarters to years.
Negative Factors
Free Cash Flow Weakness
A drop in free cash flow growth, despite strong operating cash, suggests rising capex or working capital demands that constrain distributable cash. If persistent, this limits capacity for dividends, buybacks, or debt reduction and can pressure strategic investments over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent mid-teens revenue growth and multi-year increases indicate durable demand and successful commercial execution. Sustained top-line expansion supports scale benefits, funds R&D and distribution investments, and underpins margin sustainability over the next several quarters to years.
Read all positive factors
Shanghai Conant Optical Co. Ltd. Class H (2276) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$21.54B
Dividend Yield0.63%
Average Volume (3M)2.08M
Price to Earnings (P/E)14.6
Beta (1Y)0.18
Revenue Growth13.58%
EPS Growth24.59%
CountryHK
Employees2,723
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.67
Shares Outstanding506,925,000
10 Day Avg. Volume1,581,306
30 Day Avg. Volume2,077,117
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)6.18
Price to Sales (P/S)4.75
P/FCF Ratio38.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$69.99Price Target Upside29.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.68
Revenue Forecast (FY)HK$3.00B
Shanghai Conant Optical Co. Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai Conant Optical Co., Ltd. engages in the manufacture and sale of resin spectacle lenses in China, Asia, the United States, Europe, the Americas, Africa, and Oceania. The company offers standardized and customized lenses. It serves spectacl...
How the Company Makes Money
Shanghai Conant Optical Co. Ltd. generates revenue through multiple streams, primarily from the sale of optical lenses and eyewear products. The company earns income from both direct retail sales and bulk orders to distributors and retailers. Key ...
Shanghai Conant Optical Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.17B | 2.06B | 1.76B | 1.56B | 1.36B | 1.09B |
| Gross Profit | 857.03M | 795.10M | 658.13M | 537.87M | 460.16M | 382.05M |
| EBITDA | 650.83M | 582.02M | 465.77M | 354.97M | 296.89M | 248.04M |
| Net Income | 492.42M | 428.28M | 327.02M | 248.57M | 183.52M | 128.46M |
Balance Sheet | ||||||
| Total Assets | 3.25B | 2.39B | 1.98B | 1.79B | 1.81B | 1.44B |
| Cash, Cash Equivalents and Short-Term Investments | 1.32B | 648.52M | 551.52M | 452.14M | 735.34M | 201.85M |
| Total Debt | 232.15M | 317.54M | 214.95M | 355.08M | 599.23M | 675.60M |
| Total Liabilities | 734.95M | 803.23M | 589.41M | 643.02M | 873.95M | 939.67M |
| Stockholders Equity | 2.52B | 1.59B | 1.39B | 1.15B | 937.40M | 504.53M |
Cash Flow | ||||||
| Free Cash Flow | 188.22M | 252.62M | 348.50M | 65.59M | 20.52M | 192.17M |
| Operating Cash Flow | 443.03M | 477.81M | 480.68M | 185.12M | 58.28M | 243.09M |
| Investing Cash Flow | -721.19M | -152.13M | -273.24M | -158.76M | 140.44M | 4.70M |
| Financing Cash Flow | 522.63M | -157.07M | -212.35M | -281.00M | 189.27M | -108.05M |
Shanghai Conant Optical Co. Ltd. Class H Technical Analysis
Negative
54.10
Price Trends
58.52
Negative
55.29
Negative
48.78
Negative
Market Momentum
-3.30
Positive
24.75
Positive
8.21
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2276, the sentiment is Negative. The current price of 54.1 is below the 20-day moving average (MA) of 54.22, below the 50-day MA of 58.52, and above the 200-day MA of 48.78, indicating a bearish trend. The MACD of -3.30 indicates Positive momentum. The RSI at 24.75 is Positive, neither overbought nor oversold. The STOCH value of 8.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2276.
Shanghai Conant Optical Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$5.73B | 8.36 | 16.76% | 3.65% | 6.87% | 18.37% | |
72 Outperform | HK$21.54B | 14.57 | 24.01% | 0.63% | 13.58% | 24.59% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
42 Neutral | HK$52.37M | 1.01 | 183.79% | ― | 198.46% | ― |
* Healthcare Sector Average
HK:2276
Shanghai Conant Optical Co. Ltd. Class H
42.50
21.63
103.64%
HK:0907
Elegance Optical International Holdings Limited
0.06
-0.01
-14.29%
HK:3600
Modern Dental Group Limited
6.13
2.19
55.62%
HK:1942
MOG Holdings Limited
0.20
-0.09
-30.36%
Shanghai Conant Optical Co. Ltd. Class H Corporate Events
Shanghai Conant Optical Raises HK$1.4 Billion Through H-Share Placing
Feb 3, 2026
Shanghai Conant Optical Co., Ltd. has completed a share placing under its general mandate, issuing 27,000,000 new H-shares at HK$52.00 per share on 3 February 2026 to professional, institutional and other independent investors. The placing shares ...
Shanghai Conant Optical to Raise HK$1.4 Billion via Discounted Share Placement
Jan 26, 2026
Shanghai Conant Optical Co., Ltd., a PRC-incorporated optical company listed in Hong Kong, has launched a substantial share placement to institutional investors under its general mandate. The company has conditionally agreed to place 27,000,000 ne...
Shanghai Conant Optical Forms Smart-Glasses Lens Joint Venture With Goertek Optical
Jan 19, 2026
Shanghai Conant Optical Co., Ltd., through its wholly owned subsidiary Asahi Lite, is expanding its presence in advanced eyewear technologies, concentrating on prescription lenses and optoelectronic components tailored for smart glasses and immers...
Shanghai Conant Optical Flags At Least 30% Profit Growth for 2025
Jan 16, 2026
Shanghai Conant Optical Co. has issued a positive profit alert, stating that it expects net profit attributable to shareholders for the year ended 31 December 2025 to rise by at least 30% compared with 2024, based on preliminary unaudited manageme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.