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:67Neutral
Price Target:
HK$51.00
▼(-5.73% Downside)
Action:Downgraded
Date:05/03/26
The score is primarily supported by strong financial performance (expanding margins and materially reduced leverage), tempered by mixed cash conversion and a 2025 revenue decline. Technicals are a notable drag due to a weak trend (price below key moving averages and negative MACD). Valuation is neutral-to-slightly supportive with a ~20x P/E but a low dividend yield.
Positive Factors
Margin expansion (gross & net)
Sustained gross and net margin expansion reflects durable pricing power and operating leverage across the business. Higher margins support internal funding for R&D, capex and shareholder returns, and provide resilience to demand swings over the next several quarters.
Negative Factors
2025 revenue decline
After multi-year expansion, a YoY revenue decline signals potential end-market softness or normalization. Slowing top-line growth can constrain operating leverage benefits and pressure investment plans and long-term growth targets over the coming 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion (gross & net)
Sustained gross and net margin expansion reflects durable pricing power and operating leverage across the business. Higher margins support internal funding for R&D, capex and shareholder returns, and provide resilience to demand swings over the next several quarters.
Read all positive factors
Shanghai Conant Optical Co. Ltd. Class H (2276) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$22.57B
Dividend Yield0.63%
Average Volume (3M)2.08M
Price to Earnings (P/E)40.4
Beta (1Y)0.21
Revenue Growth6.10%
EPS Growth16.45%
CountryHK
Employees2,723
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)1.20
Shares Outstanding504,296,500
10 Day Avg. Volume1,581,306
30 Day Avg. Volume2,077,117
Financial Highlights & Ratios
PEG Ratio2.29
Price to Book (P/B)8.22
Price to Sales (P/S)10.31
P/FCF Ratio93.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$58.86Price Target Upside8.80% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)1.63
Revenue Forecast (FY)HK$2.95B
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...
Shanghai Conant Optical Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.19B | 2.06B | 1.76B | 1.56B | 1.36B |
| Gross Profit | 917.46M | 795.10M | 658.13M | 537.87M | 460.16M |
| EBITDA | 682.24M | 582.02M | 465.77M | 354.97M | 296.89M |
| Net Income | 557.72M | 428.28M | 327.02M | 248.57M | 183.52M |
Balance Sheet | |||||
| Total Assets | 3.55B | 2.39B | 1.98B | 1.79B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 648.52M | 551.52M | 452.14M | 735.34M |
| Total Debt | 299.14M | 317.54M | 214.95M | 355.08M | 599.23M |
| Total Liabilities | 802.11M | 803.23M | 589.41M | 643.02M | 873.95M |
| Stockholders Equity | 2.74B | 1.59B | 1.39B | 1.15B | 937.40M |
Cash Flow | |||||
| Free Cash Flow | 241.90M | 252.62M | 348.50M | 65.59M | 20.52M |
| Operating Cash Flow | 536.63M | 477.81M | 480.68M | 185.12M | 58.28M |
| Investing Cash Flow | -957.90M | -152.13M | -273.24M | -158.76M | 140.44M |
| Financing Cash Flow | 556.59M | -157.07M | -212.35M | -281.00M | 189.27M |
Shanghai Conant Optical Co. Ltd. Class H Technical Analysis
Negative
54.10
Price Trends
49.49
Negative
54.15
Negative
49.94
Negative
Market Momentum
-1.72
Positive
38.13
Neutral
15.79
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 above the 20-day moving average (MA) of 46.55, above the 50-day MA of 49.49, and above the 200-day MA of 49.94, indicating a bearish trend. The MACD of -1.72 indicates Positive momentum. The RSI at 38.13 is Neutral, neither overbought nor oversold. The STOCH value of 15.79 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)
HK:2276
Shanghai Conant Optical Co. Ltd. Class H
43.00
17.03
65.58%
HK:0907
Elegance Optical International Holdings Limited
0.06
-0.08
-56.12%
HK:3600
Modern Dental Group Limited
5.70
1.81
46.45%
HK:1942
MOG Holdings Limited
0.14
-0.26
-64.25%
Shanghai Conant Optical Co. Ltd. Class H Corporate Events
Shanghai Conant Optical Updates AGM Auditor Details and Final Dividend Book Closure
Apr 30, 2026
Shanghai Conant Optical Co., Ltd. has issued an update ahead of its 11 June 2026 annual general meeting, where shareholders will consider a proposed final dividend of RMB0.20 per share for the 2025 financial year. The company confirmed that an ord...
Shanghai Conant Optical Calls 2026 AGM, Proposes Dividend and Share Issuance Mandate
Apr 28, 2026
Shanghai Conant Optical Co., Ltd. has called its annual general meeting for 11 June 2026 in Shanghai, where shareholders will review and vote on the company’s 2025 annual report, board and supervisory committee reports, consolidated financia...
Shanghai Conant Named Core Lens Supplier in Major Smart Glasses Deal
Apr 22, 2026
Shanghai Conant Optical Co., Ltd. announced a major breakthrough in smart glasses optics, having signed a binding multi-year mass production memorandum of understanding with a leading global technology company in the smart glasses sector. The agre...
Shanghai Conant Optical Unveils HK$400 Million H-Share Buyback Plan for 2026
Apr 7, 2026
Shanghai Conant Optical Co., Ltd. has approved a 2026 H-share repurchase plan under an existing and a proposed new repurchase mandate, signaling confidence in its future prospects and valuation. The initiative aims to protect shareholder interests...
Shanghai Conant Optical Delivers Strong 2025 Profit Growth and Higher Dividend
Mar 31, 2026
Shanghai Conant Optical Co., Ltd., a major Chinese optical lens producer, reported another year of growth as it continued to expand sales volumes across its key markets. The company leverages large-scale manufacturing of lens products to support r...
Shanghai Conant Optical Announces Final Dividend for 2025 Financial Year
Mar 31, 2026
Shanghai Conant Optical Co., Ltd., a Hong Kong-listed optical manufacturer specializing in lenses and related eyewear components, continues to position itself as a key player in the regional optical market through its equity listing under stock co...
Shanghai Conant Invests RMB180 Million in AR Unicorn Lingban to Deepen Smart Glasses Push
Mar 29, 2026
Shanghai Conant Optical Co., Ltd. has invested RMB 180 million from internal resources to acquire up to a 5% stake in Lingban Technology (Hangzhou) Co., Ltd., a Chinese unicorn in human-computer interaction and AR whose Rokid brand holds a strong ...
Shanghai Conant Optical Sets March 2026 Board Meeting to Review 2025 Results and Dividend
Mar 11, 2026
Shanghai Conant Optical Co., Ltd. has scheduled a board meeting for 30 March 2026 to review and approve the audited annual results for the year ended 31 December 2025. The board will also consider the potential payment of a final dividend, a decis...
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.